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> No more RM50 credit card fee with GST, updated 23/3/2015

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fantasy1989
post 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
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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
fantasy1989
post Jan 12 2015, 11:19 PM

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QUOTE(apj8188 @ Jan 12 2015, 10:57 PM)
Langsung tak paham sweat.gif

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.
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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
fantasy1989
post 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?
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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
fantasy1989
post 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?
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Yes

fantasy1989
post 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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sweat.gif sweat.gif sweat.gif sweat.gif doh.gif
fantasy1989
post 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
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dafuq ..why related to credit limit pula? doh.gif doh.gif
fantasy1989
post 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
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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
fantasy1989
post 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.
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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)
fantasy1989
post 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.
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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
fantasy1989
post Jan 13 2015, 09:14 AM

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QUOTE(idoblu @ Jan 13 2015, 09:10 AM)
they should give me a refund!
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belum 1st april sudah mahu refund?
fantasy1989
post 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
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get free for life card biggrin.gif
fantasy1989
post 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.
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i am using maybank cc
fantasy1989
post 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  cry.gif
*
get gold 1 lo

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