Looking other countries like Singapore or US, the benefits either got retain or improved but us going down the drain faster than water.

You should explore on what the big boys are getting. While it may not be 10% cashback like the HLB wise (which needs micro managing with caps & also off topic since we are talking about MBB dwindling benefits), 1.5% onwards is not uncommon (some even without caps). Just look at our neighbour down south as a start.

While we may have many credit card with reasonable cashbacks previously, things had changed. Most notably the recent MBB 2, Aeon Watami (discontinued) & the earlier OCBC Titanium. With the exceptance of PBB Signature, MBB Signature & HLB Wise/Mach, there are no other good cashback credit cards left. Not to mention all of them demands a non-waiveable annual fees (unless with a rather high usage, eg. RM 50k for MBB Signature) especially HLB Wise.

I always never believe BNM related excuses; just look at the credit card interest as most banks already reverted to 17.5% or worse 18%. Although there may be directives off & on, but it died down after awhile and banks use this whenever it is being advantages to them.

Higher credit card acceptance at reduced credit card holders' benefits? The statement itself does not makes sense (our credit card holders' penetration pales in comparison with countries mentioned previously) unless it is a screwed up proposal by our politicians, just like the RM 50 credit card service tax.

This post has been edited by deeplyheartbroken: Mar 13 2016, 09:50 PM