There was a heated discussion on this matter at Kopitiam section.

Even though it's confusing but it's pretty straight forward.

There won't be a double taxing: GST on top of another GST

Like bro David said. GST is mainly TO void double taxing.

You have already PAID for the GST (if applicable) during the POINT of purchase. So at end of month, it doesn't make sense to pay gst again (remember, you already paid for it when buying our stuff)

Actually I started quite low but the second year onwards were quite rewarding I must say.
Yes, it's a MNC.
Sorry guys for boasting around on this thread, I was merely answering some people's curiosity.

Sounds like a good deal until the GST issue is clarified as in what will happen after 1st April.

erm... but this is a news article by rakyat post on a website at alliance bank.

so we can't take it as the whole truth? but i would think if they still DON't abolish the RM50, it's stupid and ridiculous. So much for promoting card usage in malaysia and reducing currency in circulation.

actually the GST guideline for banking/financial institution already stated it clearly what is taxable and non-taxable.

questions remained uncertain on what the banks will do to their cards. on one hand to increase card usage/spending, on the other to curb excessive debt/overspending due to cards.

i wonder BNM will intervene later

No worries. It's good so I can set you as a benchmark to achieve more this year

In future, AF will be harder to get waived I guess since once they waive, the banks need to fork out additional 6% to pay the govt.

yes, let's just wait till 1 april (or even later as we are in bolehland)
if no more RM50 GST, then i'll start applying more cc with no annual fees

Guys question from me..im new with this card..im having a dual plat card amex m visa..wad does it meanby 8.88% p.a ??im having an outstanding balance. Rm40.14..

simple..bank waive the AF..
you pay the additional 6%

Actually no GST but there is AF from bank, and usually AF is higher than GST, not sure it is a good news.

Cannot la, we are from different industry, different specialization. If I were to use the same method as yours, I will kill myself. People at my age, engineers are already earning 5 figures. So, what's mine? I'm just a HR, so have to be fair when doing benchmark.

Yes, I read about the AF part.

That only needs to be concerned if you don't pay your bill on time.
So long you pay your statement balance as per the date mentioned in your M2U, then there won't be any interest imposed to you.

My GST for MBB2 will be charged on 18 march, due around 7 April which is after the GST starting date. So still need to pay or not?

“GST will not be charged on annual fees that have already been subject to the RM50 credit card service tax paid prior to April 1, 2015. GST will only be applied upon the due date of the next annual fee.”

Not relevant to my question. NO annual fee for MBB2.

how about this

The RM50 charged yearly for credit card, plus the RM25 for supplementary cards, will be scrapped from April 1 when the Goods and Services Tax (GST) takes effect.

ur GST dated fall on March, not April, in my opinion still need to pay RM50

Paying RM50 for 12 days

ask for waiver after 1 apr
who know MBB will be generous to you..

so in this case, my rm40.14 will be added by 8.88%? how about the 17%?what is that?

and another question, why my AMEX outstanding balance didn't appear in my MB2U?it only show my VISA.But the treat point for AMEX is there.

This post has been edited by e747: Jan 13 2015, 11:38 AM

Honestly speaking, I'm very bad in interest calculation.
So long, you pay before due date or on due date (via M2U) then you shouldn't be charged with any interest.
Interest is the thing I'm least concerned about.

That means there is no outstanding balance for AmEx?
Check your statement balance?

Statement balance - Pay before your due date
Outstanding balance - Includes your statement balance + unbilled transaction, don't need to pay now until it reflects as statement balance.

I hope the above explains.

This post has been edited by fruitie: Jan 13 2015, 11:43 AM

i've been checked on the account and it only show my VISA.There is no card for AMEX there.How to check for AMEX card and outstanding balance?