What we got before cancelling our credit cards…
A random survey found that the banks are willing to allow customers to utilise their points collected to help pay the tax charge.
Other banks have also said that consumers could easily offset the tax with the many cash rebates offered with their credit cards.
The Government had announced in Budget 2010 that an annual service tax of RM50 will be imposed for each principal credit card and RM25 for each supplementary card, in an effort to encourage prudent spending.
Darling holds countless credit cards. His job requires him to have lots of them. But if you multiply each card with RM50, it can easily burn a four figure hole in his pocket yearly. He had no choice but to cancel some less utilised ones. But before he does that, we managed to redeem some items from the points collected :D Recently, all the items were safely delivered to our house :)
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I am a mother to two boys; Ethan and Ayden and a wife to Darling William. I'm a stay at home mum who blogs to break the monotony of life and to avoid feeling jaded. Would love to get to know all the Super Mommies and Daddies and Babies or Singles out there with the hope that we can learn more from each other. Most of all, I am a happy person, and I hope YOU are too.
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