just found out my paypal transaction in RM was charge extra by SCB (paypal paid to streetdeal sg), emailed them and got the reply:

Dear Mr. W,

Thank you for you message on 19/08/2011.

Pertaining to your query, please be informed all the transaction done at overseas merchant will be imposed with 1% charge which is determined by Visa and MasterCard International even the charge is imposed in MYR.

Should you require any additional assistance, please do not hesitate to contact our customer care hotline at 1-300-888-888 or email to us.

Thank you.

Regards,
Service Banker
Contact Centre Malaysia
Standard Chartered Bank Malaysia Bhd

This post has been edited by alexwsk: Aug 22 2011, 08:33 PM

If that's the case, I'd rather purchase the stuff in SGD and let it be converted back to RM. Furthermore, if you use SCB Platinum or Business Platinum, you can earn 5x choice points.

It is only 3x now

It's a merely 3X ChoicePoints only...

I have just called the SCB CS to get my 11000 ChoicePoints (takes 3-7 working days to be creditted into my account), after performing 3 transactions (1 online, 1 petrol swipe, 1 F&B swipe)

does the 3 transactions min within a month or throughout the whole year?

what about annual fee? any condition?

Yes, 5x choice points benefit is applicable to SCB VI only.

To get 11000 ChoicePoints (for GST redemption), you need to perform minimum 3 CC transactions using that particular card within the same month the GST is charged.

But your earlier statement was referring to SCB Platinum and Business Platinum

It was a mistake. Although SCB Platinum and Business Platinum give 3x choice points for overseas spending, the super high forex rates from SCB, coupled with high points requirement for redemption, make these Platinum cards not attractive to be used in overseas. If they are given 5x choice points like SCB VI, then it could be another story.

ok some scenario here. Let say the GST is charged on 29-30/6. Are you going to make 3 transactions before or after?

In that case you better clarify with the SCB CS on getting the 11000 ChoicePoints.
IMHO, if you had make 3 transactions prior to the GST being charged (and before statement is generated), you should be entitled for it.

Is it easy to get annual fee waived If happen that I do not make much transaction throughout the year?

if only i can choose
i didn't know the merchant is sg based

Is there any specific reason you want to retain the SCB CC ?
If SCB doesn't waive the AF, tell them to cancel the card with immediate effect.
This "may" get you the AF waiver...

I applied mine on last Thursday through online. The next day a CS called me for my IC. No payslip required as i stated my other cc in application form. Yesterday i received call from them for verification. Then today my card has been approved! Wow.. It takes only 4 days for whole procedure! Thumbs up!

question, can I use my points direct convert to RM to offset my outstanding balance for SCB?

Yes. 14,000 Choice Points = RM50

it's abit too much? I thought normally it will be 200points = rm1?

Inflation happened. It was just 10,000 Choice Points = RM50 a few weeks ago.