During GST, no charges.

But before GST, there was "prudence tax", RM50 for principal, RM25 supplementary card. Abolished when GST started.

Now back to SST, prudence tax returns, but flat RM25 for all credit card.

Annual fee is charged by the bank, and GST is charged on that.

Prudence tax is directly charged by Kastam.

Correct, if annual fee RM100, Kastam earn RM6 only.

Now Kastam earn directly RM25. Maslan sure happy say see, SST naikkan harga barang, GST turunkan harga barang blabla.

If LGE smart, he can counter say but now make online payment/transfer, no more GST or SST. Last time if IBG transfer, bank charge 10 sen, Kastam earn 1 sen, that's 10% GST rate yo. Pay by cheque got 50 sen charge, Kastam earn 3 sen.

Now zero, satu sen pun tak ada.

This post has been edited by tokdukun: Aug 17 2018, 05:12 PM

Unlikely, LGE considers lowering to RM25 is good deal for taxpayers, half price vs old SST.

Yea, cashback alone can cover cost of prudence tax.

But I got too many cards, I guess need to cancel those not actively used ones