Below is an extract of definition of 'retail transaction' from ambank in response to my query.
'Please be advised that "Eligible Retail Transactions" means the purchase of any goods or services (local and international) with the use of the credit card and may, at the Bank absolute discretion, include any card transaction as may be determined by the Bank except for the following transactions:
a. Easy Payment Plan, Balance Transfer, QuickCash and Cash Advance; and/or
b. Any form of refund; and/or
c. Any dispute, unauthorized or fraudulent retail transaction; and/or
d. Interest / Management Fee payments, late payment charges, charges for cash withdrawals, Government Service Tax, Goods and Services Tax and any other form of service/miscellaneous fees.'
I would like to know is the definition of 'retail transaction' throughout majority of the Malaysian bank (such as Maybank, hong leong etc) similar or does it differ from bank to bank?
Thank you
Credit Cards Credit Card v19, Post/Ask general questions here, Please read post 1-3 before posting, tq
Feb 6 2016, 04:24 PM
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