Use auto debit for all your Utility Bills, Mum, Dad, Bro, BF, etc

Came across something. The new product disclosure sheet states that there is an automatic GST redemption with minimum RM10k retail spend/cash advance per annum (RM5k for supp).

Come to think of it, i received RM50 two times during my card anniversary. So spending RM10k actually gives us RM100 (RM50 for annual usage bonus + RM50 for GST redemption). Can someone check their statement on this RM50 + RM50 and verify?

This is a good news

Thanks to cfa28 for sharing the PDS.

add: No 2x RM50 as verified below

This post has been edited by Human Nature: Aug 29 2013, 12:01 PM

I only receive once on my Aug anniversart date

Only 1 for me. Perhaps the other RM50 is from your normal cashback.

This post has been edited by zenquix: Aug 29 2013, 11:58 AM

Nope, my cash back for that month is RM48.45. So there is no double RM50 for RM10k spend then.

I consider my extra RM50 as bonus

The statement should have a description on the extra RM50 that you earn.

Mine is just written annual usage bonus which is given for the RM10,000 spend per annum.

Bro, my statement only showed the normal RMxx cash back every month and the auto GST Waiver.

I suspect that in the advertisement, OCBC does not want to say directly GST Waiver and hence use a term as annual cash back of RM50 but in the PDC, they use the term GST Waiver.

Pls note that the PDC shall prevail over the advertisement, Brochures, etc. PDC is equivalent to your Agreement with the Bank.


Add on

I think the Reason why PDC says Annual GST Waiver instead of Cash Back is that OCBC does not want customers to cancel the Credit Card and then 'use the' RM50. So to enjoy it, the Card is auto renewed withiout Card Holder forking our cash.

This post has been edited by cfa28: Aug 29 2013, 02:19 PM

I will need to go back and check back what is written in my statement. Usually when get extra money, wont bother to call up CS and ask

I only got my normal cash back and annual usage bonus - RM 50 which it is for GST waiver.

i have check my statement and it shows Government Service Tax RM 50 & Annual Usage Bonus -RM 50 to off set it

This post has been edited by DarReNz: Aug 29 2013, 03:19 PM

Yeah, same like mine.

Just got my titanium card.. Surprisingly they just issue me 8k credit limit.. My annual salary more than 60k.. Just 13%! Lol

OCBC Titanium MasterCard's Annual Fee is FREE-for-LIFE !!!

This post has been edited by ronnie: Aug 29 2013, 11:10 PM

Credit Card Credit Limit is based on a multiple of your Monthly Salary and not Annual Income. But a credit limit of just RM8K for a monthly salary of RM5K seems a bit low. Did you submit your latest payslips, etc.

Industry standard should at least 3x your monthly income. U can ask for a higher limit say after 6x of showing that u pay on time.

exactly.. it is kind of low.. even my maybank2card issue me 15k CL.. LOL

Just checked my statement and I confirm that I received the annual usage bonus 2 times. Probably got lucky there

good for you. Keep quiet and if OCBC takes it back after say 2-mths, tell them that the Statement says that unless we hear from u within x-mths, the details shall be taken as correct.

Its a standard clause in all Statements. Shove it back to them.

Yeap, I only make noise when the cash back does not tally

apa maksud ko?

gst waived? if i not use single sen?

No more annual fee