redemption via points is not "banks that are willing to absorb/waive RM25 SST"

errrrr what answers are you expecting?

it's a service tax by govt, kena pay to bank once it's charged to your card(s)

Presto e-Wallet

Reload can use Jompay, probably good for cards that award cb for JOMpay, eg UOB YOLO or SCB cards









This post has been edited by cybpsych: Dec 11 2018, 07:37 PM

why not you try yourself?

reloaded using bigpay (failed), then PBB VS (to confirm MCC later).

then pay RM10 umobile postpaid bill (via prepaid reload). earned RM0.25 rebate in presto.

umobile

yeah, someone in bigpay thread already gotten the reply from presto that it doesnt accept bigpay card.

the "lucky money" is like random donation

kindly messy with all the features lumped inside, confusing

5964: Direct Marketing - Catalog Merchant (verified from PBB VS)
PRESTO ************ BAYAN BARU MY (Presto e-wallet reload)

Based on PBB, it's eligible under Online cashback category for VS and Quantum MC.

Note: long posting too. Transaction Date: 25 Sep, Posting Date: 27 Sep.

This post has been edited by cybpsych: Sep 28 2018, 10:21 AM

https://forum.lowyat.net/topic/1724607

can la. although stated <65yo, i also did apply 2 supp cards for my parents who already >65yo. no questions asked from pbb. after u got Quantum MC, repeat again

this is not the "right" way to use the credit cards. keep this to yourself, else noobs would think cc can be passed around without violating the card's T&C.

already gotten notification from MBB few days back here and just now HLB.

this is BNM's initiative, part of ICTF framework, and operated by PayNet.

basically allows you to tranfer money by mobile number, etc , without actual bank account (of course gotta pre-linked first).


this is just Phase 1, primarily for banks to introduce this feature first (iinm, by end Nov). later phase is for other FI.

This post has been edited by cybpsych: Oct 13 2018, 08:55 PM

directly from cc, may be few.

how about indirect way? get a decent cashback cc -> reload to BigPay Prepaid card -> pay school fees using BigPay card.

read post #1 here > https://forum.lowyat.net/topic/4623336 for cards with cc benefits reloading to BigPay

your behavior/action would likely be flagged for suspicious activities. ewallet issuer may query or suspend your activities before allowing you to continue using their service.

just because there is cc reload function and withdrawal feature doesnt mean you acn abuse it. there are policies, countermeasure, and enforcements.


similar to buying a super sports car. it's designed to go 400kmph, doesnt mean you can always drive 400kmph without breaking the local road laws

yes, you can say no speedgun can scan your speed @ 400kmph, but with enough time, resources and manpower, you will still be subjected to law

BNM Credit Card Guideline - Income Update
17 OCTOBER 2018

In line with Bank Negara Malaysia (BNM) Credit Card Guidelines introduced on 18 March 2011, the new minimum income eligibility for new credit card holders is set at RM24,000 per annum from RM18,000 per annum previously.

Information on credit card application, number of Cards and Credit Limit

For those holding credit cards and are earning RM36,000 per annum or less, they can only hold credit cards from a maximum of 2 credit card issuers.
In addition, the maximum Credit Limit extended to a cardholder shall not exceed 2 times of their monthly income per Credit Card issuer.
To ensure our cardholders are meeting this requirement, we recommend you to update or provide your latest income record. Click here for the Income Information and Declaration Form. You can submit the income Information and Declaration Form and your latest income document(s) to any nearest Maybank branch or email to mbbcardservices@maybank.com.my
For more details on these new guidelines, please refer to the FAQson the credit card application, number of Cards and Credit Limit.

wrong thread. already forwarded you to proper Property/mortgage thread for experts there to assist

haha, couldnt do much earlier anyway. he didnt spam posting here. else i would've read his previous posts if he's genuinely asking or promoting

nice reading...

Card service tax will drive down Malaysia’s credit cards-in-force in 2019-2020

The payments landscape of Malaysia will change over the next 12-24 months due to the re-introduction of card service tax effective September 2018



Lesson from the 2010 card service tax
The Government had imposed annual card service, effective January 2010,of $ 12 (50 MYR) for each principal credit card and $6.01 (25 MYR) for each supplementary card, in an effort to encourage prudent spending.

The 2010 card service tax regime had witnessed a severe drop in the country’s new credit card issuance and cards-in-force (CIF). These numbers rose again after the abolishment of the card tax levy in 2015.

New cards issuance
From more than 2 million cards per annum, the volume of new cards issuance had dropped to circa 1.2 million new cards issued per annum between 2009 and 2011.

The 2010 new cards issuance volume had dropped by a whopping 44% vs.2009. When the service tax was abolished in 2015, the new cards issuance volume returned to the 2 million cards by 2017. The 2015 new cards issuance volume had increased by a whopping 46% vs. 2014 (1.81 million cards issued in 2015 vs 1.24 million cards in 2014).

Cards in force (CIF)
In the case of the CIF, it had breached the 10 million mark in 2008 and 2009, before dropping to circa 8 million cards in 2010. The CIF has now returned back to 10 million cards level in July 2018.

Credit card limit
Despite the significant drop in CIF between 2009 and 2010; from 10.8 million cards to 8.5 million cards (a drop of 21%), it was observed that the average credit limit per principal card had increased. What this alludes to is customers were cutting off their “excessive’ cards, rather than totally closing their credit card accounts with the issuers.

Read more >> http://www.theasianbanker.com/updates-and-...ce-in-2019-2020

unless you are sure about the merchant's posting history (based on past transactions), definitely safer to swipe after statement date.