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No more RM50 credit card fee with GST, updated 23/3/2015
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fantasy1989
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Jan 12 2015, 10:53 PM
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QUOTE(WhatIwillDo @ Jan 12 2015, 10:49 PM) 6% GST will instead apply on credit card annual fees – which can range RM70 annually to over RM1,000, depending on the type of card. can anyone explain this in a way that every one understands thx some godlike card their annual fees is 800 to 1k so u need to pay annual fees 800+ 6% if your CC no annual fees = no need pay GST
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fantasy1989
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Jan 12 2015, 11:19 PM
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QUOTE(apj8188 @ Jan 12 2015, 10:57 PM) Langsung tak paham  After first april, all items or service purchase will kena gst. So, for card approved before 1st April, just continue to pay items purchased gst + 50 for the card's tax. Card after 1at april, pay items purchased gst + 6% of annual fee as gst. Then better cancel all the card with annual fee less than 850ringgit before april and re-apply after 1st april. after 1st april ..all cards will change from rm50 fixed tax to gst based let say this year march u kena rm50 gov tax next year march u will get GST based on your annual fees
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fantasy1989
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Jan 12 2015, 11:21 PM
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QUOTE(aromachong @ Jan 12 2015, 10:59 PM) so credit card statement RM10,000 + 6% end up we need to pay rm10600? no ... GST is charged when u purchase that item like in UK some item they listed price ... like 20 pounds * if got * there ..u need to manually top up another 17 to 20% VAT = your final price u swipe your card with that final price ..at statement there will show your final price ...wont top up another 6% anymore if 6+6 ..i rather pay back using cash ..CC can bankrupt ..lolx This post has been edited by fantasy1989: Jan 12 2015, 11:34 PM
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fantasy1989
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Jan 12 2015, 11:22 PM
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QUOTE(raulxiver @ Jan 12 2015, 11:22 PM) if card annual feel is RM1000, then gst is RM60 (1k x 6%), so have to pay total RM1060 annually if card annual fee is RM 0, then gst also 0, means no need to pay anything every year betol ka? Yes
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fantasy1989
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Jan 12 2015, 11:31 PM
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QUOTE(Intimidated @ Jan 12 2015, 11:30 PM) yes buy item rm1000 + 6% gst = rm1060 when paying cc bill, + 6% gst to bank credit service = rm1123.60
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fantasy1989
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Jan 12 2015, 11:35 PM
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QUOTE(thefryingfox @ Jan 12 2015, 11:34 PM) walao if ur credit limit is high and they charge base on credit limit.....alot of poor f***er that has high credit will kena chop kow kow smart move. i rather hve something permanent chanrged instead of somthing so ranrem dafuq ..why related to credit limit pula?
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fantasy1989
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Jan 12 2015, 11:39 PM
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QUOTE(VinluV @ Jan 12 2015, 11:35 PM) Just got statement from my bank literally telling that gst will be charged for everything. No mention how it will be charged tho all processing charges will get charged like debit card annual charges will add gst lo ...eg: rm15 for debit card + 6% some transaction which got processing fees will add gst also
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fantasy1989
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Jan 13 2015, 09:08 AM
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QUOTE(kinabalu @ Jan 13 2015, 08:32 AM) so pelik one? recently I got my bill -RM15.35, so I xpayah pay lor coz btm say subsidise by kerajaan BN. bersyukur btw ..my empty house if no ppl using ..maximum rm5 to 10 only sometime go home and bath n open aircond sleep awhile (but fridge turned off)
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fantasy1989
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Jan 13 2015, 09:13 AM
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QUOTE(bereev @ Jan 13 2015, 08:20 AM) so outstanding charges and interest got 6% charges then, ppl bankrupt more faster. interest dont think so but like when your streamyx kena cut (because u didnt pay for that) ..when re-activate streamyx sometime u will get charge service charges service charges will get 6% GST i think credit shield(credit card insurance) will have GST as well
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fantasy1989
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Jan 13 2015, 09:14 AM
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QUOTE(idoblu @ Jan 13 2015, 09:10 AM) they should give me a refund! belum 1st april sudah mahu refund?
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fantasy1989
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Jan 13 2015, 09:17 AM
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QUOTE(Archer17 @ Jan 13 2015, 09:16 AM) if like this, hard to waived the annual fee waived. pay more than gst get free for life card
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fantasy1989
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Jan 13 2015, 09:29 AM
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QUOTE(Archer17 @ Jan 13 2015, 09:27 AM) got what cc can recommend? just got my cc now waiting another card to approved. but free for life card not much better cashback or reward/discount. i am using maybank cc
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fantasy1989
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Jan 13 2015, 09:52 AM
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QUOTE(Archer17 @ Jan 13 2015, 09:41 AM) maybank a bit hard. my annual gaji not more than 30k  get gold 1 lo
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