Tuesday, December 22, 2009

Sudahkah anda mula memotong kad plastik anda?

Courtesy of Fortune Sense (fortunesense.blogspot.com)

The credit and charge cards RM50 service tax issue seems is clearer now with the report news that quoted the clarification from the Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah regarding the credit card and charge card Rm50 service tax. The clarification is as below,

1) New credit and charge cards will have to pay the RM50 service tax upfront from year 2010. That means starting from next year, whenever you apply a new credit or charge cards, you will need to pay the RM50 service tax.

2) Existing card holders, the charge will be imposed on the "anniversary date of cards". RM50 service tax only be imposed upon the anniversary dates of the cards, which are usually issued for a three-year period.

You can find the valid date information from the credit card or charge card. Usually the credit and charge cards issuers will send a new credit card or charge card to the card holder before the stated valid date.

Do have a look on your credit card and check what the valid date of your card is. However need to have a better understanding of the "anniversary date of cards".

1) For the case whereby the anniversary date of cards including the year. If your valid date is beyond 2010 means you still can use the card without paying the RM50 service tax next year. However if your valid date is 2010, take note of the stated anniversary month of the card. Try to cancel the card before the anniversary month if you do not wish to pay the RM 50 service tax and you are not using the card.

2) For the case whereby the anniversary date of cards means only he month. Try to cancel the card before the anniversary month if you do not wish to pay the RM 50 service tax and you are not using the card.

Do double confirm with your card issuer regarding this and check whether there is any way for the credit card or charge card issuers to absorb the service tax for you. Some do but with certain conditions on it.

Will you cancel all your credit cards or charge cards due to the RM 50 service tax or maintain only one credit or charge card?

7 comments:

Adzimi Muzni said...

I've got a stack of credit cards sitting in the drawer which i dont even remember using once. Applied for them before this to get free gifts or some sexy amoi managed to convince me that i need them for 'emergency'. Damn, now need to look through one by one and call the banks.

[i] said...

got one card, allowed it to burst and affect my credit ratings.. paid off and never again i want a card. i'll let the missus handle the cards >_<

adzimi said...

Ihsan, takper, pakai cash je. Cash is king.

[i] said...

yup, now paying everything in cash, using maybank2u...

Smiling MY said...

Aku still nak kena pakai credit card. Terpaksa maintain Citibank, sbb nak beli tiket flight payah. Ikut hati tak nak pakai dak cc ni...

Adzimi Muzni said...

Credit card is still useful, especially for online transactions, kumpul points, flexi payments etc. I wouldnt say cc is evil, but if lack good mgmt, it can be a financial trap. I suggest you treat it like cash, after every purchase with cc, ensure to buffer for it in a separate account for payment later. I like the points that it gives and the rewards that comes with it, especially cam citibank. Last week i just traded in my points for about rm400 worth of jusco vouchers. Boleh shopping free. Hehe.

niefeng said...

guna terus bayar full la, mana bayar minimum tu mmg sakit la, tp aku still tak paham naper nak cas 50 ringgit, gomen saja nak ambik duit rakyat mcm GST ke???

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