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Credit Cards OCBC Titanium MasterCard Cash-Back v5, Unlimited 1% cashback only

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EternalC
post Oct 26 2014, 12:50 PM

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QUOTE(carlitofreak @ Oct 26 2014, 10:14 AM)
Can't really remember exactly. Probably around RM20k, if not RM30k. Biggest amount that I paid for is car roadtax which is RM11,000. Monthly spending maybe around RM2,000 - RM3,000
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what car bro brows.gif
EternalC
post Dec 15 2014, 09:02 AM

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dropped to 0.5% confirmed? time to change liao
EternalC
post Dec 30 2014, 01:56 PM

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QUOTE(propusers @ Dec 30 2014, 01:32 PM)
Not sure for OCBC... here is what we can get from Alliance FAQ... if all banks using same standard policy, there is no RM50 GST after 1st april 2015.
http://www.alliancebank.com.my/GoodsAndServicesTax/FAQ

CREDIT CARD / DEBIT CARD / ATM CARD
Will Credit Card Service Tax RM50 be imposed on my credit card after GST is implemented?
GST will replace the RM50 Credit Card Service Tax effective 1st April 2015.


I just paid RM50 for Credit Card Service Tax on 25.03.2015, will you prorate the fee with the implementation of GST from 1st April 2015 and refund the balance?
GST will not be charged on annual fees that have already been subject to the RM50 Credit Card Service Tax paid prior to 1st April 2015. GST will only be applied upon the due date of the next annual fee.

If my credit/debit/ATM card annual fee is waived, will I still be charged GST?
No, there is no GST charge on the waived annual fee.

If I am a non-Malaysian making purchases using the Bank's credit/debit/ATM card? Am I still subjected to 6% GST?
Yes, all banking services rendered and conducted in Malaysia are subjected to GST. You will be subjected to GST at the standard rate for the fees and other related charges e.g. annual fee, cash advance/ withdrawal fee and card replacement fee.
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so the first question means that we all wont get RM50 charged even before 1 April 2015?
EternalC
post Dec 30 2014, 02:21 PM

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QUOTE(laymank @ Dec 30 2014, 02:16 PM)
They way i understand from the statement is, there will still impose RM50 Service Tax for credit card until 1st Apr 2015.

After which, GST will replace Service Tax and if your card requires you to pay annual fee, it will be subjected to 6% GST, likewise the banking transactions rendered,

"all banking services rendered and conducted in Malaysia are subjected to GST. You will be subjected to GST at the standard rate for the fees and other related charges e.g. annual fee, cash advance/ withdrawal fee and card replacement fee."

What I am not clear is, if bill payment through the bank's web portal will subject me to 6%.

if yes, then we will be paying 6% to the bank, and the service provider that we are paying to already charged us 6% = 12%????
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so let say i pay RM50 on last day of March, will they rebate?

EternalC
post Dec 30 2014, 02:47 PM

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QUOTE(laymank @ Dec 30 2014, 02:45 PM)
Your question is exactly this:

"I just paid RM50 for Credit Card Service Tax on 25.03.2015, will you prorate the fee with the implementation of GST from 1st April 2015 and refund the balance?
GST will not be charged on annual fees that have already been subject to the RM50 Credit Card Service Tax paid prior to 1st April 2015. GST will only be applied upon the due date of the next annual fee."

it doesn't seem to answer the question, but my understanding is, once you paid, it's paid and no refund nor prorated rebate whatsoever. What the statement above seems to imply that, the new GST will not be applicable to your credit card until the next renewal date. ie. If your card has annual fee, it will not be subjected to 6% GST, but the subsequent year's will.
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ok. then they might as well dont post that stupid question at all duh
EternalC
post Jan 14 2015, 04:15 PM

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i spent a total of more than 40k during the year

just called them

said cant waive off my gst

vmad.gif
EternalC
post Feb 26 2015, 07:58 AM

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QUOTE(victorywp @ Feb 25 2015, 07:23 PM)
ge version is there all the while. but they only discontinued titanium/blue/pink.
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so if i lost or broke or expired my card then need to change?
EternalC
post Feb 26 2015, 09:35 AM

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QUOTE(adele123 @ Feb 26 2015, 09:32 AM)
you should get a replacement. it just mean, not opened to new applicants. they are not removing it entirely from the product shelf, i think.
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i hope so laugh.gif
EternalC
post Feb 27 2015, 04:05 PM

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QUOTE(firee818 @ Feb 27 2015, 04:02 PM)
Hi, anyone here didn't require to pay RM 50 gov't service tax?

Just now I call to the CS and only managed to get 50% discount and need to pay the remaining  RM25 of gov't service tax.
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what card?
EternalC
post Feb 27 2015, 04:09 PM

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QUOTE(firee818 @ Feb 27 2015, 04:08 PM)
OCBC Titanium MasterCard.
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when is your expiry? how long you using it?
i was denied my request mad.gif
EternalC
post Feb 27 2015, 04:16 PM

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QUOTE(firee818 @ Feb 27 2015, 04:11 PM)
I think it was based on the amount you spent over the previous 12 months. On average I used this card RM 2500 per month, that is equivalent to RM 2500 x 12 = RM 30,000- pa.
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i also spent more than 30k but no rebate given! mad.gif

QUOTE(firee818 @ Feb 27 2015, 04:12 PM)
Year 2016. Already used for 3 years.
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i mean month lol. which month expire
i'm trying to gather info on how they give rebates
EternalC
post Feb 27 2015, 04:21 PM

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QUOTE(firee818 @ Feb 27 2015, 04:19 PM)
February
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ini tidak adil!! mad.gif vmad.gif
EternalC
post Feb 28 2015, 01:02 PM

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QUOTE(firee818 @ Feb 28 2015, 08:33 AM)
Take easy, after 1/4/2015 when GST kick-in, no more RM50 service tax for all credit cards.

BTW, is it possible to renew my OCBC Titanium card after expiring because I have been using this card for auto payment. If it cannot be renewed, I will need to apply all the auto-payment matters again... sad.gif
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i think as long u keep using and keep paying, its considered as renewed? lol
EternalC
post Mar 2 2015, 02:42 PM

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QUOTE(tpooyee @ Mar 2 2015, 02:38 PM)
Manage to get rebate without any request, they waive it automatically
I cant remember how much did i spent on this card, maybe around 30k too
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cibeh weh
how long u use it d? and given after or before they charge u the tax?
EternalC
post Mar 2 2015, 03:35 PM

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QUOTE(tpooyee @ Mar 2 2015, 03:33 PM)
I used this card only for 1 year.
I never requested for the GST rebate and don't even remember my card was due for GST.
The GST charge on my statement and they waived it automatically without any request.
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ok i go cancelling this card liao
EternalC
post Mar 2 2015, 03:46 PM

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QUOTE(victorywp @ Mar 2 2015, 03:43 PM)
so unfair to us right?  vmad.gif  mad.gif
but i think i still will keep it first, afraid later other cc revise their benefits, at least still have ocbc 1% for back up.  nod.gif
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i will scold them kao kao
make a big issue
then i quit

EternalC
post Mar 10 2015, 07:55 AM

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QUOTE(bennyt @ Mar 9 2015, 09:25 PM)
user posted image

Eligibility
Age: 21 and above
Annual Income: At least RM24,000 per annum

Fees & charges
No annual fee for the first year
Principal card: RM100 per annum
Supplementary card: RM50 per annum

OCBC 365 MasterCard Features


1) No cap on rebates
Get rewarded for your retail purchases, from dining to entertainment, from travelling expenses to insurance, and so much more.

2) Rebate on monthly spend up to RM1,000
Earn 1.0% rebate on all retail purchases when you spend up to RM1,000 every month with your OCBC 365 MasterCard. Rebates are automatically credited into your card account, and will be reflected in your monthly statement.

3) Rebate on subsequent spend above RM1,000
Earn 0.5% rebate on all subsequent retail purchases when you spend above RM1,000 with your OCBC 365 MasterCard. Rebates are automatically credited into your card account, and will be reflected in your monthly statement.
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a straightforward downgraded version of titanium in the face doh.gif

QUOTE(duncan880409 @ Mar 9 2015, 10:02 PM)
i called them and ask, mine OCBC titanium MC next tax at April 9th, lady say will be charged, so I CANCELLED IT biggrin.gif
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rclxms.gif
apa dia reaction? macam no give a fark punya right?

QUOTE(victorywp @ Mar 9 2015, 11:04 PM)
they charge rm100 af but we need to pay rm106!
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bank ma. of coz like that. say af RM100 but later pay RM106
say you can earn interest up to 5% but later real rate is just 3.8%
ptuih
EternalC
post Mar 10 2015, 07:57 AM

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QUOTE(sj0217 @ Mar 10 2015, 07:53 AM)
But compare to OCBC Great Eastern MasterCard, this is still better for lower income card holder...

Same features, and some more this Great Eastern come with 1% cash back all the way of spending
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regarding the 1% for the 365 card, i'm not sure how to interpret it exactly but i think what they meant was minimum spending of RM1000 to be eligible for 1% cr.

things about bank is, they like to play with word, they ranked second next to lawyers in twisting words
EternalC
post Mar 10 2015, 08:32 AM

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QUOTE(Prodigenous Zee @ Mar 10 2015, 08:30 AM)
He's referring to the 6% GST that will be charged on annual fees smile.gif not some hidden charge.
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its not really hidden lo
they wont tell u until its charged
EternalC
post Mar 23 2015, 03:06 PM

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QUOTE(fruitie @ Mar 23 2015, 03:03 PM)
That's why I said lo, despite meeting their income requirements but they still rejected it. shakehead.gif
*
then lucky me for getting it on first try laugh.gif

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