just check. i guess cimb have better for petrol cashback

gold oso atleast 30k above. from their website i refer

can easy to get waived for everyone meh? even if include 6% after that?
i just got my cc this month. so for first year is free next year will charge annual ad...

damn young adults feel so lansi buy this that, designer this that, but later declare bankrupt. lol

but i guess to get the economy moving, we need spenders like them

My friend called to Bank Negara Malaysia and enquired about the "abolishment" of the RM50 CC GST... they responded "No, RM50 CC Government Service Tax will not be remove come 1 April 2015, unless the PM say otherwise.. This is different from Goods & Service Tax"

Oh shit.. i thought RM50 tax will be removed!! damn now accept too many approved CC

then start cancel cc and start using debit card~

if the annual fee is RM350 +6% and was charged. But later I phone to CC and bank waived the annual fee, how? they will revert back the 6% which charged earlier on next statement?

This is sad.....

6% of 70 is more than 50... OK.jpg

why so happy - there wasn't a credit card tax in the first place if you remember...

This is true. A friend of mine work at Bank Negara and he told me that there are currently no plans for abolishment of the RM50 tax.

this....

how come want cukur...or is it need to understand differently?



or is it 6% from annual fee currently charged by banks?

This post has been edited by gastacopz: Mar 14 2015, 11:59 PM

Dun so happy 1st.

Banks must have done their math and conclude that it's more profitable charging GST than annual card fees.

Merchant will be charge 6% GST base on MDR offer by bank. example bank offer merchant 2.5% MDR (Merchant Discount Rate)

Let say u buy an item cost $100, when u pay using credit card & total will be $100 + $6(6%GST).

Merchant will be charge 6% base on $100 X 2.5%= $2.50 X 6%(GST) = $0.15 (merchant will need to absorb this)

Bank will remit payment to merchant $ 97.50 - $0.15 = final amount receive by merchant $ 97.35, another $0.15 bank will remit to Kastam.

That what i been brief by bank.

Rm50 is really daylight robbery.

---mistake on understanding, post deleted before /k lunch hour all come shoot me---

This post has been edited by CyrusWong: Mar 15 2015, 11:02 AM

---mistake on understanding, post deleted before /k lunch hour all come shoot me---

This post has been edited by CyrusWong: Mar 15 2015, 11:01 AM

Who is going to charge 6% on total credit card usage? let me ask you something, brokerage is a service yes? Also buying into a mutual fund. Are you saying now that if someone buys 1mil worth of stock or mutual funds there will be a 60k tax bill ? Seriously ?

This post has been edited by wodenus: Mar 15 2015, 10:27 AM

---mistake on understanding, post deleted before /k lunch hour all come shoot me---

This post has been edited by CyrusWong: Mar 15 2015, 11:01 AM

6% of annual fees la...wat cc usage.