Awesome.

Thank you, Human Nature.

This is in regards to PIB Visa Platinum, whereby 2% Cash Back on online & overseas transactions, capped at RM15 per monthly statement cycle, is given, effective 1 July 2024.


Previously for PB Quantum Mastercard, effective 1 October 2022, 2% Cash Back on overseas transactions with minimum RM100 per transaction, capped at RM20 per monthly statement cycle, is given.

During September 2022, I performed online transactions (worth RM 600) with my PB Quantum MasterCard. However, my October 2022 statement states that my cash back is just RM 20.

Cash Back = RM 600 x 5% = RM 30, but is capped at RM 20, since the cash back was granted in October 2022 statement.

After I sent an e-mail to PB CS, the remaining cashback of RM 10 for PB Quantum was granted in November 2022 statement.


Will the same issue occur once again for PIB Visa Platinum, even though the online transactions worth RM 750 with PIB Visa Platinum are performed and posted in June 2024?

Cash Back = RM 750 x 4% = RM 30, but is capped at RM 15, since the cash back will be granted in July 2024 statement.

Rightfully, the cashback for PIB Visa Platinum in July 2024 statement should still be RM 30, since the transactions are posted within June 2024.

This post has been edited by kart: Jun 15 2024, 10:31 AM

beLIEve

Did you encounter the same issue with your October 2022 statement of your PB VS and/or PB Quantum MC?

I want to ask regarding on whether it is easy to request for the reversal of SST.


I am considering to terminate my PBIV cc due to the reduction in online cashback percentage, if I do not manage to obtain the SST rebate.


Scenario 1:
- Terminate my PBIV cc, before SST is charged.


Scenario 2:
- Wait for SST to be charged.

- After SST is charged, I will stop using my PBIV cc. Then, I will request for SST rebate by calling PB CS.

- If PB CS is willing to grant SST rebate (with or without spending condition), I will keep my PBIV cc for 1 more year.

- If PB CS is not willing to grant SST rebate, I will terminate my PBIV cc, and request for the reversal of SST, since I have not used my CC after SST is imposed.


My question is that in Scenario 2, how easy is it to request for the reversal of SST, when the PB CC is terminated? In other words, I am not paying the SST, since I am cancelling the PB CC.


If it is difficult to request for the reversal of SST, I may as well choose Scenario 1.


Thank you for your information.

This post has been edited by kart: Jul 26 2024, 10:56 AM

20% Cash Back on Groceries & Pharmacies with PB Mastercard Credit Card:

Assume entire RM 1000 is spent on groceries and pharmacies:

RM 25 / RM 1000 x 100% = 2.5%


Public Bank wants us to 'believe' that 20% cash back are given for groceries and pharmacy transactions, whereas the effective cash back rate is just 2.5%.

This post has been edited by kart: Apr 15 2025, 06:15 AM

Correct me, if I am wrong.

I thought that the banks are using mainly late payment fee and finance charge from other cardholders who do not make full payment, to pay for card cashback and reward points.