Monday, January 04, 2010

Credit cards- Potong!

In-line with the imposition of a service tax of RM50 a year on each principal credit card and charge card, and a service tax of RM25 a year on each supplementary card effective Jan 1, 2010, I have decided to perform a total clean up on my credit cards possession.

If I were to hold on to these cards, I will need to spend MYR 550 (approx. USD 160) annually on credit card service tax alone. The ultimate objective is to keep only 2 credit card among all the 11 credit cards.

Marco's Preferred Credit Cards
1. HSBC MasterCard- For the daily expenses.
2. OCBC- Great Eastern Visa Card- For auto debit transactions especially insurance payments.  

Have you POTONG?!


Nikel Khor said...

potong all la...use cash..keke
use internet banking
Nikel Khor

Ninja Coffee said...

I karate chop all my credit cards save for two 2
Hi 5!

Jayce said...

I cut into 2 cards too. HSBC and Direct Access. ;)


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