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Credit Cards GST - Card issuers compensation, With certain minimum condition

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PJusa
post Apr 16 2012, 08:25 PM

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From: PJ
WaCKy-Angel,

Alliancebank doesnt waive the GST but you can request to be compensated with TBPs to offset the GST. All it takes a short (1 minute) request over the phone. I got my compensation with less than a day and they even filled out all the forms. Basically I use 10,000 TBPs for the GST and they credit me 10,000 TBPs at the same time.

I dont know how much you need to spend on the card to qualify though - but it cant be that high, the card in question had less than 6-figures charges over the last 12 months.

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