MBF Cards Power Balance Transfer Free Credit Card Service Tax

What are the latest updates on RM50 credit card service tax in Malaysia? Recently, there are a lot of people deciding to cancel their multiple credit cards and keep only one or two cards due to the tax charges.
Finally, we have received good news from MBF! They will subsidize the service tax for us. [...]

How to Cancel Credit Card in Malaysia?

What is the procedure of credit card cancellation in Malaysia? Below are 5 simple steps to cancel credit card:

Step 1: Redeem the credit card reward points
Step 2: Write in to instruct merchant (e.g. Celcom, Digi, Maxis, Syabas, TNB, Astro, Prudential, Great Eastern, and etc.) to cancel all the auto debit instructions, if any
Step 3: [...]

Budget 2010 Malaysia: Credit Card Service Tax Charges RM50

No more FREE FOR LIFE credit card in Malaysia after 31st December 2009! Referring to the latest Budget 2010 Malaysia, each principal credit card holder will be imposed a Service Tax of RM50 beginning 1st January 2010. Whereas, RM25 service tax will be charged yearly for every supplementary credit card.
Credit Card Service Tax
It is not [...]