If i have 3 credit cards, will i be charged for 1 or all 3 cards?
The government service tax is applicable and imposed to all card members. Basically, if you have or holding 3 credit cards with any banks, you will be charged for each card held.
For instance :-
If you currently holding 2 principal cards and a supplementary card, the total tax applicable to you would be RM 125.
The breakdown as below :-
(RM 50 x 2 principal cards + RM 25 x 1 supplementary card) = RM 125
Conclusion
All credit cards owner have to pay this tax. For a little more understanding on this, you can click the following link on What is the government service tax on credit cards?
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5 Responses to “If i have 3 credit cards, will i be charged for 1 or all 3 cards?”
By LAI SENG CHOY on Feb 13, 2010 | Reply
There is only one way to save. Just cut those redundant one before their anniversary date.
By Welfred on Feb 15, 2010 | Reply
If you have 3 credit cards then it is not the same companies you will need to pay the every month debt i guess.
By Tam on Feb 23, 2010 | Reply
Cut off those extra cards. You just need one visa and Mastercard….
By Kampung Boy on Feb 26, 2010 | Reply
@Tam :
My cards have different functions. That is why i am still keeping all my 3 cards and not applying any new ones.
By Jayce on Mar 3, 2010 | Reply
I cut down to 1 Visa and 1 Master from 2 banks. So I can have more credit limit.