My friend went to the credit card department of his bank this afternoon to try to get them to absorb the RM50 annual government tax on credit cards. Almost a year ago, when my friend applied for his credit cards, the government tax was already announced and IO told him that he only needs one credit card so why apply for two?
Now, despite having made charges of more than RM50,000 over the past year, he still has to pay the government tax for one card. The other one will be absorbed by his bank. This is of course quite ridiculous. I don't care that the annual fee is waived but Citibank is offering free annual fee PLUS RM0 government tax as long as there are three charges made on the card over the entire year.
Three is all that is required, without any stipulated amount to be charged. This means that one could charge RM10 or RM30. As long as there are three times, the government annual tax is absorbed by them. What a huge difference between these two banks!
Now, despite having made charges of more than RM50,000 over the past year, he still has to pay the government tax for one card. The other one will be absorbed by his bank. This is of course quite ridiculous. I don't care that the annual fee is waived but Citibank is offering free annual fee PLUS RM0 government tax as long as there are three charges made on the card over the entire year.
Three is all that is required, without any stipulated amount to be charged. This means that one could charge RM10 or RM30. As long as there are three times, the government annual tax is absorbed by them. What a huge difference between these two banks!
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