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 Credit Card Annual Fee Waiver

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victorian
post Apr 9 2021, 01:12 PM

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From: Kuala Lumpur



QUOTE(viktorherald @ Apr 9 2021, 01:04 PM)
does bank have a budget for this kind of waiving? somehow all the while, i felt that this is very unfair to all others who pay annual fees...

its like a neighbor in the taman who dont want to pay securities fees, then all other who is paying suffers
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If depends on who needs the other the most, if you don't want to pay annual fee, the bank will not waive your AF if you are not their target customer or high spender

Those who pay annual fees are the one that needs the bank more, those who is heavily indebted or who always use their loan facility.

This post has been edited by victorian: Apr 9 2021, 01:13 PM
victorian
post Apr 9 2021, 01:14 PM

Look at all my stars!!!
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5,623 posts

Joined: Apr 2011
From: Kuala Lumpur



QUOTE(WaCKy-Angel @ Apr 9 2021, 01:12 PM)
On the other hand beware Standard Chartered does not willing to waive late payment fee and interest fee..
So far other banks all happily waive after i made full payment.
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What is there to beware ? Late payment charge and interest is how the bank make money. Waiving those are just their goodwill.

 

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