Because of Malaysia government impose a credit card tax for every credit card you have yearly (during the anniversary of the credit card), many people choose to cancel their card(s). Although the banks can waive your annual fee, but the credit card tax still have to be pay by the consumers. Some banks can 'compensate' the credit card tax somehow, but some don't, you have to pay the RM50 for principle card and RM25 for sub card. I have a few cards because I was greedy on the gift the credit card promoter hand out :P Now it is time to cancel my credit cards. During the process, I found out that different bank have different ways of cancellation for credit card. This list is what I know:
Group 01 - you can call to the bank to cancel your credit card(s) and they will fax you a cancellation form:
a. Citibank
Group 02 - you have to fax, or email a cancellation letter, or walk in to the bank to fill up a cancellation form
a. UOB
Group 03 - just call and they will cancel your card
a. CIMB (provided by ~y3nch1ng~)
Do leave at the comment if you know how to cancel your credit card at other banks. :)
Wednesday, August 11, 2010
How to cancel your credit card in Malaysia
Monday, May 24, 2010
I got lucky!
I switched to Standard Charted credit card because I wanted the cool hard money that they gave during the promotion. It was RM100 went that they gave. After Mr Rosmajid implement the credit card tax, then the bank give RM150 to their customers to offset the credit card tax.
Anyway, there was another promotion to pay the bills online at Standard Charted online banking between 11March, 2010 to 09April, 2010. 30 lucky winners could win up to RM200 cash back when paying bill using Standard Charted online banking.
Actually I have already forgotten such a contest, until I get the letter from Standard Charted congratulating me for being one of the 30 winners. I seldom get this lucky! :)
I think it was the TNB bill, costing RM196.40, now it is free! :)
Here is the letter (click to see bigger picture):
Find out how to get the free RM150 from Standard Charted bank:
http://gotfreestuffs.blogspot.com/2010/04/free-rm150.html