No penalty need to be pay, but you need to pay for GST RM50 once the card has approved

is not fair to me, as they do not mentioned about the 5% cancellation

luckily they rejected my application

From what I understood, the GST is imposed once the card is approved, yes.
But if there is no active transaction done on the card, basically it can be canceled without having to pay the GST.

The same applies for existing card - as long as there is no active transaction on the anniversary month, the GST can be waived if the card is canceled.

You might want to call up the CS and double confirm.

i applied the card on Feb 2013 (waive the GST for the first time). Been using since then. I was wondering about my GST RM50 next yr Feb 2014. Will i incurr the GST if I did spent > RM10k over the yr with the new terms & condition now.

Sounds like an incredibly good news for other competitors such as Wise, Watami and M2U Amex.

OCBC really doing a suicide for itself

same though!

damn, after being left out from notifications from this thread for weeks, the 5% gonna end soon

Or maybe OCBC is dying because everybody is maxing out the 5% rebate and they are making a loss? We wouldn't know for sure. But yup, my OCBC Titanium is going into cold storage next to my SCB cards.

Call CS to cancel the card. If you are being charged RM 50 GST, go and argue with them that when you sign up, the ONLY reason you want the card is because that you are interested with the 5% rebate. Now since that the 5% is gone, you feel that you are being cheated and want to cancel ASAP. Make sure you don't swipe anything or you have no more ground to argue.

They won't die that easily. They used to be the strongest bank in the world. Now is 2nd place I guess!

It's probably they are losing $$$ in the 5% rebate program, many taikor squeeze to max and pay on time, thats why they cutting the loss now.

i guess good things dont last forever.

Beginning 29 November 2013, all benefits and privileges attached to the Credit Cards listed
below will be removed and replaced by the corresponding new features.

Titanium Card FREE for Life. 1% rebate on total retail spending.


Listed below will be removed, does it means remove 5%?

I am guessing removing the 1% rebate.

I am a little confuse here.

This post has been edited by Sone Shin: Nov 11 2013, 09:04 PM

Haha, same story
My SCB card already in fridge, now otw sending OCBC Titanium

5% will be removed

Have to put it in fridge then.

Cash Rebate card not a high earning product for bank, bank charge merchant fee is about 1.5-2%
but instead of cutting 5% rebate, why not just add on 0.5% unlimited rebate to all spending except petrol, dining, groceries and utility bills?
I'm the 1st will switch all my spending to this card, easy for me to manage

I saw some ppl start booming at their FB wall d, hope more ppl will comment there, at least let other card members know about it.

Usually products are axed because its loss leading. Banks hope people default so they can charge sky high interest on outstanding balance. I guess people who are smart enough to choose OCBC in the first place and max out RM50 per month won't be stupid at the same time to have outstanding balance.

Fridge not cold enough, try the freezer haha

As above, use the freezer!

I think its cause the 5% is really significant, especially for petrol. Maybank 2 AMEX is only weekend, too troublesome for most people. OCBC Titanium was a good all-round card.

So who's going over to the UOB One camp? I know I am.