馬來亞銀行宣布將於50令吉信用卡和信用卡服務稅
什麼是您的第一反應時，政府已在其2010年財政預算案中建議，宣布每年50令吉的服務稅，主要信用卡，簽賬卡，包括免費卡和附屬卡RM25為明年1月？
請問您要支付50令吉服務稅的主要信用卡？
請問信用卡公司（銀行）吸收他們呢？
我有很多朋友取消了信用卡後，立即政府宣布。
像往常一樣， 銀行將向其客戶不取消信用卡待取得進一步的指引從當局。
你知道信用卡業務是世界上的一個最佳賺錢的機會？
了解更多關於多麼賺錢信用卡業務是在如何獲得信用卡利率最低的國家？
阿部高級金融利率 ，信用卡公司（銀行）也賺錢從商家的折扣價 。
什麼是商家的折扣價 ？
例如，當一個客戶收費令吉，000.00到他的信用卡客戶的帳單將顯示令吉，000.00但商人（商店）也只獲得2令吉，910.00存入其帳戶的出售。
該RM90收費被稱為商家的折扣價通常是在這種情況下是3％，所採取的信用卡公司（銀行）。
政府敦促撤回信用卡服務稅
我還沒有取消任何信用卡啊！ 
我們將等待的時間作為服務稅每年只有1月1日生效2010年起。
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親愛的美國運通卡會員及Maybankard，
鑑於最近公佈的年度服務費50令吉在每個主要的信用卡和RM25每個附屬卡，我們想提醒所有持卡人認為：
- 您不需要採取任何行動，因為我們現在取得進一步的指引從當局對此事。由於每年的服務稅是唯一有效的2010年1月1日，它是最好的，你保留你的信用卡卡享有許多特權。 請放心，我們會建議您在收到相應的進一步方向這一點。
在此期間，繼續享受許多零食和成員獎勵特權被1和美國運通卡會員 Maybankard：
- 免費為生活年費馬石油Maybankard簽證，馬石油伊赫瓦尼，SonyCard和美國運通信用金卡
- TreatsPoints和會員積分永不過期
- 賺取 2倍，5倍，8倍和10倍的點，在指定商戶促銷期間
- 最大的網絡擁有超過 4000 EzyPay商人提供0％分期付款計劃 Maybankard信用卡
- 對現場贖回 TreatsPoints超過 600間商舖
- 方便解決您的信用卡和信用卡帳單的任何全國性的450個分支機構，或通過網上
來自：maybank2u.com.my/mbb_info/m2u/public/personalDetail04.do？管道Id =＆cntTypeId = 1＆cntKey = HL09.10.30B＆programId =您好，摘要及newsCatId = / mbb/Highlights/2009/10＆基點 = 1＆chCatId = /黑帶大師 /個人
銀行等待指引信用卡稅
吉隆坡：將客戶須支付50令吉的服務稅，主要的信用卡或能被銀行所吸收的問題呢？
這些都是所提出的問題，因為公佈的服務稅上週在預算案中沒有到位，但銀行與答案，因為他們仍在等待指引，從國家銀行。
該銀行公會將會見國家銀行即將在指導方針和表達的關注，出現了從 50令吉服務稅，這是在1997年首次實施和廢除於 2001年。
為了“促進消費謹慎”的，由稅務 - 50令吉每個主要信貸和信用卡及RM25補充卡 - 信用卡用戶已惹惱了誰平均有2至三張牌。 有些人超過半打，包括聯合品牌卡的銀行和零售商之間，航空公司和大型超市。
國家銀行信貸諮詢與債務管理機構（AKPK）認為，這一措施將鼓勵個人使用幾張信用卡在他們身上，而不是簽署了許多，但他們都沒有使用。 它也將阻止使用信用卡作為一個寬鬆的信貸來源和減少信用卡債務問題。
目前有980萬本金和130萬元的追加信用卡的發行，目前，據統計，從國家銀行。
走出去，這樣的數字，政府將可以從中獲得每年約 RM555mil從即將被徵收的稅率。
因此，它是不可能的銀行將能夠吸納服務稅一刀切，它也將失敗的目的讓客戶感到不安，說一個銀行家。
首相拿督斯里納吉在回應一個問題的投訴在稅收上說，昨天一個函數有沒有計劃修改服務稅，因為它是“太早談論修訂版”。
其中的問題就如何將徵收的稅款是：
>請問卡持有人徵稅，每張主卡50令吉1月1日或只當他的卡是為支付年費或續期，這可能，例如，在9月份？
>如果卡都是由一家銀行發行，可以客戶支付50令吉（每家銀行每名顧客），而不是每家銀行每卡？
>多少時間，那些誰需要解決他們的信用卡債務給予明確的欠款之前取消他們的卡？
來自：thestar.com.my /新聞 / story.asp？文件= / 2009/11/1/nation/20091101072143＆秒=國家
信用卡稅留
吉隆坡消息：有沒有計劃修改令吉年度稅收信貸服務和收費卡，說首相拿督斯里納吉布。
儘管市民的投訴，納吉說，目前還無法談論一修訂，因為此事只是最近宣布在2010年財政預算案。
“Tunggulah都魯 （我們等待第一）。 政府還需要收入。 如果我們不能加息行動（價格的）任何事情， 蘇塞北 （這將是我們很難）。
“誰來基金國家的發展？”
他對記者說在一個新聞發布會後，參加國家能源Berhad公司成立60週年慶祝活動在國能體育館昨天在這裡。
納吉宣布的建議，徵收服務稅為每50令吉主要信貸和信用卡，附屬卡和RM25就在他的2010年財政預算案。
如果實施，金融分析師預測，至少有30％的持有人11萬張在市面流通誰擁有多個卡須支付100令吉，每年。
納吉較早前曾指出，公眾應該看看整體效益提供了政府在財政預算案，包括增加令吉，000減稅和削減在頂部的應納稅所得額層從 27％至26％。
“因此，他們獲得兩個（救濟措施），只需支付50令吉（每學分卡）。 不要告訴我，他們可以不支付50令吉？''他說。
據報導在昨天的明星申請新的信用卡下降了80％以下，政府的一，通告中的服務稅，從明年開始。
來自：thestar.com.my /新聞 / story.asp？文件= / 2009/11/1/nation/5020205＆秒=國家
相關崗位：
- 馬來亞銀行的最新公告上50令吉信用卡服務稅和費卡
- 1100萬令吉的損失，由於令吉信用卡和信用卡服務稅
- 如何支付你50令吉信用卡服務稅不交費|大華銀行信用卡
- 友情提醒上50令吉信用卡和信用卡服務稅
- 50令吉服務稅卡持有人|取消您的信用卡吧！
剛接到一個電話從一頂外國人的銀行。
她聲稱，銀行將提供免費的信用卡的積分價值 50令吉的收費是50令吉，一旦在聲明中。
因此，間接地吸收了該銀行服務稅 50令吉信用卡！
我們將等待官方更新後
ü能得到什麼獎勵 50點？ 即使積累與其他各點，我也不要想付出令吉如果可能的話。 要削減 1信用卡和一費卡，備用一為多用途使用。 不過，我想是我的下一個子卡人權法，所以我可以只支付RM25。 錢不是enuf，所以要去尋找更好的辦法，以應付這個瘋狂的公告。
聯昌國際集團表示令吉信用卡服務稅，有點失望
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新華社吉隆坡12月8日（訊） - 聯昌國際集團說，它有一定的保留，政府計劃把1令吉信用卡服務稅。
“我們有一些保留，因為很明顯我們希望這稅項是沒有必要的，因為在最後的一天，這個想法是要減少現金持有量，增加塑膠製品及其他形式的支付，”其集團首席執行拿督斯里納西爾拉薩說。
“這是我們有點失望，但當然，我們必須遵守，”他告訴記者在這裡簽字儀式後，今天的5000萬短期貸款由聯昌國際銀行有限公司及瑞士銀行向灼宜硬盤技術私人有限公司
為了促進審慎開支，政府提出了50令吉的服務稅每年在每個主要的信用卡和記帳卡和RM25服務稅每年在每張附屬卡在明年一月一日生效。
當被問到是否有可能吸收聯昌國際銀行服務稅，納齊爾說：“這只是問題的經濟學。”
該銀行希望能達到 120萬信用卡持有人在今年年底前從目前的110萬客戶。
馬來西亞評級機構有限公司（馬克）日前表示，該服務稅是不太可能產生影響的整體交易價值持卡人的中期。
持卡人更有可能取消卡，以盡量減少額外的稅務負擔，因為稅收是建議將徵收每年每卡的基礎上，它說。
馬克還認為，擬議的稅收將導致反感申請多張信用卡的一部分，新的申請，從而使經濟增長速度已發行的信用卡將失去勢頭的複合年增長率為 13.2 2004-2008年錄得超過百分之。
至於發卡機構，目前包括21個銀行和3個非銀行金融機構，這個稅種會產生複雜的影響取決於其現有市場份額和品牌定位，它補充說。
來自：bernama.com/bernama/v5/newsindex.php？編號 = 46.094萬
你是否面臨更大的風險與您的個人貸款？
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吉隆坡18日訊：個人貸款的概念，即越來越高風險期長，鑑於目前的經濟環境是站不住腳的，因為在很大程度上取決於規模的貸款，以及信貸評估及個別銀行的承銷，分析師說。
他們普遍同意，銀行內部信用評估體系，以確保風險最小化的默認。
銀行將不得不看個人的現金流動狀況以及其支付能力的貸款，從國外的分析師研究機構說。
一位資深分析師與投資銀行認為，隨著經濟的改善和消費支出上揚明年，消費者將能夠按時償還它們的貸款，從而導致較低的貸款違約或不履約貸款。
RAM的評分服務有限公司負責人的金融機構評級，普羅莫德達斯，估計信貸風險的個人貸款最終取決於各銀行的信貸審批。
更重要的是，他說，貸款的定價應該能夠充分吸收潛在的違約。
馬來西亞匯豐銀行有限公司總經理林英的個人理財服務晟說，還款期限已被視為同規模的貸款。
“它不能太短，否則將是不合理的客戶。 而且它不會是明智的銀行從風險的角度來看，如果任期太長，特別是考慮到個人貸款的規模要小得多，通常比其他類型的貸款，''他在一封電子郵件中說，答复。
華僑銀行（馬）有限公司負責人信用卡及無抵押貸款，Muzir卡西姆說，銀行實行審慎的貸款方式，包括個人貸款，並通過基於風險的定價和評分模式，貸款風險是可以接受的最低限度保持一水平。
比較個人貸款及信用卡，渣打銀行頭大馬的消費交易銀行，香港忠惠說：“個人貸款產品針對特定需求，如大採購，債務重組和現金周轉資金。”
“有了更長任期的負擔支付的利率是較重，但每月的分期付款灌輸紀律和可預測性償還貸款。
“信用卡的貸款，但是，可能是不起眼任期短，但利率可能會更高，客戶只能選擇支付的最低5％。”
在展望明年的個人貸款，RAM的達斯表示，評級機構看到了更大的競爭，銀行之間在這一領域，特別是貸款給政府工作人員通過直接的工資中扣除。
激烈的競爭，他補充說，可能降低產量。
鑑於目前的基數較低，達斯說，個人貸款業務將增長至少20％，明年符合RAM的預期國內生產總值（GDP）增長率在2010年的4.9％。
不過，個人貸款將依然是一小部分，銀行體系的總貸款，他說。 截至9月底的2009年，他們佔 4.65％，銀行業的貸款。
與此同時，50令吉的服務稅徵收信用卡明年很可能會激發顧客的信用卡餘額鞏固和減少他們的信用卡號碼攜帶，根據渣打銀行馬來西亞的忠。
他們可以這樣做，要么通過個人貸款的餘額或轉讓的其他的牌，但它會更便宜地通過個人貸款，他補充說。
華僑銀行的Muzir說，越來越多的人將度過一個系統化和結構化的方式通過有效地利用個人貸款。
“消費者明白，個人貸款提供一個具成本效益的替代其他金融工具，如信用卡及透支，代表另一個選擇，管理支出和信貸審慎，''他說。
來自：biz.thestar.com.my /新聞 / story.asp？文件= / 2009/12/9/business/5262536＆秒=業務
花旗銀行：信用卡發行下降由於服務稅
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花旗銀行有限公司，其中該國最大的外資銀行，預計其信用卡發卡下降明年，由於政府的服務稅令吉所有主要使用者和RM25補充卡，生效1月1日。
行政總裁 Sanjeev納納瓦蒂表示，這一裁決不僅會影響銀行，花旗銀行，而且所有其他信用卡發卡銀行。
“我們是市場領導者在這個行業和我們預期的人數信用咭發行的分行向下滑，此前這項裁決，”他說，親自頒發“花旗銀行大50 Contest”大獎得主在吉隆坡yesterday。
Sanjeev敦促政府考慮實行一次性附加費為 50令吉信用卡用戶，而不是他們的數量徵稅的卡被使用。
“在我們的銀行，例如，每個客戶發出多卡，但具有相同的信用額度。 他們有不同的卡來支付汽油和購物為每卡提供不同的獎勵。“
此前，花旗銀行主管Sanjeev和消費市場，法比奧豐泰尼亞，提出路則嗯灣仔及拉馬阿卜杜勒拉赫曼與奔馳 E200k雅，每年贏得大獎後，在花旗銀行 50大競賽。
是次比賽，這是一起與花旗銀行推出的50週年慶祝活動在馬來西亞，舉行了由六月一日至今年八月三十一日，並已吸引了超過 10萬個條目。
來自：btimes.com.my / Current_News / BTIMES /文章/ jrcici /條 /
無需等待任何人，在財政部副部長拿督曹智雄已經有計劃將不會改變稅信用卡。
只要繼續下去取消你的信用卡現在！
沒有改變計劃稅信用卡，說楚
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吉隆坡20日訊：有沒有改變計劃令吉信用卡服務稅，從明年起，財政部副部長拿督曹智雄說。
Chor said the RM25 tax for supplementary cards would also be imposed, despite reports stating otherwise.
“People keep asking me as there is news going around that the supplementary card tax will be abolished,” he said when contacted yesterday.
Chor added that some banks and financial institutions were indirectly picking up the tab by offering certain promotions.
“If the banks want to keep their customers, they should offer to pay for their card-holders,” he said.
Meanwhile, Federation of Malaysian Consumers Associations secretary-general Muhammad Sha'ani Abdullah suggested that one charge be imposed per customer, regardless of the number of cards.
“We want to encourage prudent spending but at the same time, we do not want people to go further into debt.
“The banks should also do their part to absorb the cost, instead of expecting AKPK (Credit Management and Debt Management Agency) to do everything,” he added.
Several banks have posted notices on their websites, informing customers of the guidelines. Some also advised customers not to cancel their cards as they were still waiting for further clarification.
Since Maybank will not be absorbing the RM50 credit-card service tax, do expect other banks to follow this move as well.
Go ahead cancel your Credit Cards NOW!
but do it the Right way http://www.alantanblog.com/credit-card/how-to-cancel-a-credit-card-do-it-the-right-way.html
Maybank not absorbing RM50 credit-card service tax
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MALAYAN BANKING BHD will not be absorbing the RM50 credit-card service tax as doing so would run counter to the objective of the measure's introduction under Budget 2010, says the bank's CEO Datuk Seri Abdul Wahid Omar.
He said the government had introduced the tax to ensure the public would not be overburdened by high credit levels as the household debt in this region was relatively high.
“We must observe the spirit of the introduction of the RM50 tax in the first place, which is why the bank will not absorb the cost,” Wahid said at a signing ceremony between Maybank and MoneyTree (M) Sdn Bhd earlier today, for the sponsorship of a year-long financial-literacy programme for youngsters.
The government had introduced a RM50 service tax for principal card holders and RM25 for supplementary card holders under Budget 2010.
Wahid said consumers were likely to lower the number of credit cards they signed up for due to the service tax.
He added that Maybank had a credit-card loyalty programme and the points collected could be used to offset the RM50 tax.
Wahid said Maybank was also aggressively promoting its debit cards as an alternative to credit cards among it customers.
Asked if the bank was seeing any reduction in the number of credit-card holders, Lim Hong Tat, Maybank's head of consumer banking said, “Not much reduction has been seen.” He added that it was “still within control” and that the impact would become clearer in the next few months.
Lim said Maybank would have two million Visa debit-card holders in the next one or two months, with 101 million transaction per month, while its credit-card base had reached 1.6 million users.
Meanwhile, on Maybank and MoneyTree's collaboration, Wahid said the financial-literacy programme would benefit 25,000 youngsters in universities and schools.
MoneyTree chairman Datuk Nik Kamaruddin Ismail said the company would begin to educate youngster between six and 20 years old on financial literacy and skills to manage personal finances, in January.
from:theedgemalaysia.com/index.php?option=com_content&task=view&id=155944&Itemid=79
[...] Office Opening Hours | Pos Malaysia – 2,528 viewsPIKOM PC Fair 2009 (III) Is Back – 2,424 viewsMaybank Announcement On RM50 Credit Card and Charge Card Service Tax – 2,187 viewsPost Office Opening Hours For Busy People| Pos Malaysia – 1,875 viewsRM50 Service Tax [...]
Credit card tax for existing users to start on anniversary date
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KUALA LUMPUR: Applicants issued with new credit and charge cards next year will have to pay the RM50 service tax upfront.
For existing card holders, the charge will be imposed on the anniversary date of cards.
Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah, who confirmed this with The Star yesterday, said the Government would impose the service tax for credit and charge cards from next year.
“Existing cardholders will only be charged the service tax through their issuing banks upon the aniversary date of the card.
“For example, if the card's anniversary date is in January, then you pay the tax in January. But if the date is in April, then you only pay the tax in April,” he added.
The minister's clarification puts to rest nagging doubts among the millions of credit card holders in the country who have been raising queries since Prime Minister Datuk Seri Najib Tun Razak announced the new tax when he unveiled Budget 2010 in October.
Najib, who is also the Finance Minister, had said that a RM50 service tax for principal credit and charge cards and a RM25 for supplementary cards would be imposed from January.
This has led to card holders asking if the charges will be imposed from Jan 1 or on the anniversary dates of the cards, which are usually issued for a three-year period.
Those holding a string of cards were most eager to know before deciding to cancel some of their accounts.
A check with the customer service departments of several commercial banks showed that they had yet to receive any definite confirmation.
Some banks said they were still awaiting for a directive from Bank Negara, while others think the tax would be imposed on the anniversary dates.
A third group of banks has also offered to absorb the tax for the cardholders, on condition a certain amount of money was spent within a certain timeframe.
Cardholder YL Sim, who called up the bank to cancel his credit card, said the bank advised him “not to be hasty.”
“The officer said that they had yet to receive a formal directive from Bank Negara (on when to impose the tax). But I was worried as the New Year was nearing,” he said.
Deputy Finance Minister Datuk Chor Chee Heung, when contacted, advised cardholders to plan accordingly, saying holding two credit cards was enough.
““Even I intend to hold only two credit cards,” he added.
He urged those who had large outstanding credit card debts to stop using the cards and meet the issuing banks to work out a repayment mechanism.
There are some 11 million credit cards circulating in the country.
from:thestar.com.my/news/story.asp?file=/2009/12/21/nation/5343737&sec=nation
When Maybank don't absorb credit card service tax, other Banks would just follow..
I'm Totally Not surprise!
BIMB too won't absorb credit card service tax
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It says it has other perks for credit-card holders
Bank Islam Malaysia Bhd (BIMB) has announced that it will not “cover” the proposed service tax on credit cards, saying it already has enough other incentives for its credit card customers. It is the second bank to annouce this after Malayan Banking Bhd.
The Government will soon impose a RM50 tax on primary credit cards and RM25 on supplementary credit cards, as announced during the unveiling of Budget 2010.
A random survey by StarBiz found that banks like Citibank and RHB Bank were also not in favour of covering the tax for their customers.
Indications are that banks are only willing to waive annual fees (if not already waived) and/or allow customers to use their points collected to help pay for the tax.
“回教銀行一直有減免年費和回扣的方式，政府才考慮實施信用卡稅，”凱魯卡馬魯丁，回教銀行消費銀行部總經理告訴記者，在頒獎典禮上回教銀行的ExtraBagAnza活動昨天。
他說，涉及的稅收不會在“精神的稅，”其目的是紀律開支馬來西亞人。
“大部分銀行都沒有看，以支付這項稅收，但回教銀行，另一方面是為客戶提供現金回扣，以決定他們是否願意支付稅款或沒有，”他說。
凱魯說，回教銀行並沒有遇到任何下降的信用卡用戶數量，但他承認，一個信用卡申請減少可能發生在未來幾個月裡，由於引進了稅。
他補充說，回教銀行有幾個產品在管道抗衡的問題，與借記卡之間的新產品。
同時，回教銀行的目的是增加其個人理財組合，RM2bil財政年度截至2010年6月30日，從 RM1.5bil以前。 為了實現這一目標，凱魯表示，該銀行將執行一個積極和有效的營銷活動，以吸引顧客。
他指出，根據該銀行的ExtraBagAnza運動，3千萬令吉已發放的貸款在其個人理財，我會提供最高可達 11月30日從該運動的揭幕9月1。
來自：biz.thestar.com.my /新聞 / story.asp？文件= / 2009/12/22/business/5346077＆秒=業務
我正在考慮取消我的信用卡，因為新的服務稅，我們的政府。 我不認為這是明智之舉，我們的政府徵收的服務稅，由於經濟衰退。 我們還必須納稅。 政府應研究或詢問的人之前執行任何稅款或做一些會影響經濟。
不受歡迎的政策不能幫助老人
------------------
我指的是字母“老年人期望正義”從殘破的長者檳城（星，12月18日）。
我是一個老人誰也感到非常不滿和不合邏輯的漠不關心政策的政府。
已達到退休年齡和進步，以我的黃金歲月，我一直期待的成果，享受我的審慎投資在股市和不動產。
但我們的長者，一直處於最無情的削減，一個接一個，造成的最漠不關心的政府。
首先，政府實施了單層稅制的公司，其結果是，所有支付的股息上市公司現在在一個單位的企業徵稅率不管稅率的股東獲得的紅利。
通常的退稅，我以前可以要求從第110條的所得稅法變得不再可用。
小省下來的退稅是一個非常歡迎加入我們的退休積蓄，但現在卻消失了。
第二，從 2010年1月，1年服務稅的徵收 50令吉將在所有主要的信用卡。
我有幾個信用卡，但這樣做的原因是不是我想用現金從最高的卡，而是許多商家發行的特別認同卡與信用卡公司，而這些卡實際上導致的儲蓄給我從正在進行的促銷活動。
誰是智能亞歷克主任，財政部部長誰告知該服務稅的徵收將導致謹慎開支？
現在看來，我不得不放棄一些積蓄，我通常喜歡，因為我不得不取消我的大部分卡。
第三，房地產收益稅（RPGT）正在重新從 2010年1月，儘管在修訂的形式。 現在，所有收益來自物業的徵稅 5％不管持有期。
一些物業持有我的人傳下來的遺囑認證從我已故的父母，誰取得他們在20世紀 50年代和60年代，在成本相對微不足道林吉特通貨膨脹的原因。
如果我出售這些物業現在，“購置成本”將是原來的成本，我已故的父母，幾乎整個出售代價將受5％的稅。
有效地對這種特性，RPGT交易稅是對整個銷售的考慮。 這是一個合乎邏輯的結果為一個稅，據稱是要遏止“炒風”？
此外，如何證明我原來的購置費用和成本的改善，看到交易，所有這些都是20年前，沒有文件可以找到？
這豈不是所得稅處的裁決，認為會計記錄必須保存只有7年？
但現在看來，物業交易記錄必須永遠保持，至少在處置之前。
此外，是否公平，公正和公平，這樣的法律作出追溯力的物業收購數十年前？
難道是過分要求，要求權力，在普特拉賈亞重新考慮這些非常不受歡迎的政策？
來自：thestar.com.my /新聞 / story.asp？文件= / 2009/12/22/focus/5347529＆秒=焦點
醫療保險基金提供的儲蓄卡，以卡用戶
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醫療保險基金是卡持卡人提供信貸平衡傳輸 0％的利息為 12個月，即時儲蓄令吉，200以及補貼信用卡服務稅令吉，有效2010年1月1日。
信用卡發行商在一份聲明中說，12月21日，它意味著持卡人提供新的一年開始了一個不太可能命題的儲蓄，即使開支節日期間和新學期。
“這是一個革命性的運動，並可能首次在世界上同類說，”醫療保險基金卡的高級副總裁 Rajjish Verronn。 “結餘轉戶實際上擴展到信貸，一年免費設施，讓卡會員彈性使用，償還部分或全部，並重複使用，信貸卡上最多核定餘額轉帳金額零利率。”
例如，如果結餘轉戶金額批准這項運動是7千，500，如果卡會員選擇定居該卡的餘額全部交齊第二個月，該卡的會員將有選擇地利用和重複使用高達 7千， 500卡在零利率，其餘 10個月。
醫療保險基金的成員基本上省錢卡在使用該卡的日常開支，支付帳單，發卡機構在聲明中說。 一個車隊的3輛汽車配備和充滿活力的綠色運動的標誌是促進和提供購物和住宅區附近的巴生谷，直到2月底到2010年。
來自：theedgemalaysia.com /的index.php？選項 = com_content＆任務 =看法及ID = 156071＆itemid的= 79
嘿雷蒙德，
你不必現在取消。
請打電話給你的銀行信用卡時，是你開個（週年），因為服務稅 50令吉，而不是在此期間 2010年1月1日
[...]職位：馬來亞銀行宣布將於 50令吉信用卡和收費卡服務 TaxHow支付你50令吉信用卡服務稅不交費 |大華銀行信貸 CardRM50服務稅 [...]
無稅，借記卡
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借記卡和汽油不屬於職權範圍內的服務稅的徵收 50令吉信用卡或簽賬卡。
該協會說，在馬來西亞的銀行卡不包括其他被封閉的社區收費卡用在工作場所，學校和俱樂部，以及忠誠和電子貨幣卡，如觸摸'東經轉到。
“這項服務稅，會被收集由銀行及其他發卡機構負責從信貸和持卡人支付給海關總幹事。
“在這方面，應繳稅款金額的服務將載於持卡人每月報表中單獨”，它在一份聲明中說：昨天。
該協會說，稅徵收時的信用卡或簽賬卡的發行，在週年日期或後重建。
該稅不會收取更換卡發出的連接丟失或損壞的卡和欺詐行為。
“銀行和其他發卡機構被允許進入安排在持卡人可申請贖回或獎勵積分或通過賺取回扣，他們利用自己的信用卡為支付的服務稅，”它說。
會員銀行及其他發卡機構將持卡人的聯繫方面的徵收。
1月1日起，將有50令吉的服務稅每年在各主要信用卡和記帳卡，並在每個 RM25附屬卡2010年財政預算案中公佈。
查詢有關服務稅的信用卡或簽賬卡，請撥打免費熱線1-300-88-9980 ABMConnect在星期一至星期五或電子郵件banks@abm.org.my 。
來自：thestar.com.my /新聞 / story.asp？文件= / 2009/12/29/nation/5378573＆秒=國家
醫療保險基金的卡提供減免稅為 50令吉餘額轉移
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醫療保險基金的卡持有人將獲得切身利益的儲蓄餘額，經批准轉讓其放棄對政府服務稅令吉根據醫療保險基金的卡'均勢轉讓方案，受有關條款及條件。
這一提議促進儲蓄和長遠利益為主要的信用卡持有人誰轉讓其貸方餘額，一卡的醫療保險基金，醫療保險基金的卡（馬）私人有限公司在聲明中說。
此優惠有效期至明年2月底。
根據收購建議，會員卡可以轉讓其餘額由醫療保險基金的其他信用卡，卡，享受0％的利息為 12個月保持平衡批准轉讓金額為全年。
但是，醫療保險基金的卡持有者只能享受福利的循環信用額度，上限為 7林吉特，500，與每月最低交易令吉。
此外，“如果批准餘額轉帳金額超過 7千，500，醫療保險基金卡'當時的利率將適用於金額超出7林吉特，500，”該公司說。
與此同時，馬銀行也提供了持卡人的選擇，關於令吉信用卡服務稅。
馬來亞銀行表示，其已通知持卡人通過信件，以及對銀行的網站，持卡人可以兌換的獎勵積分來支付信用卡服務稅。
來自：biz.thestar.com.my /新聞 / story.asp？文件= / 2009/12/30/business/5382573＆秒=業務
昂貴的卡
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信用卡持有人需要重新審視自己的義務，密切，如果他們不希望有被騙的感覺。
大家都知道，稅收要支付所得後，在一定的水平。 然後有一稅貨物或服務的購買獲得。 但誰想到，必須繳納稅款只需持一張信用卡？
徵收服務稅的1令吉信貸和收費卡上公佈了去年的預算案，是因為從明年開始到今年，but when正是這種將必須支付的問題是對持卡人'頭腦。
還出現的問題到底是什麼時候結婚紀念日。 它的日期是在每年的卡上發表，或如果該卡發出為期 3年的時間，是否立即結束後的3年期？
不管是什麼決定，它會結束的數額出現在聲明的持卡人，如果它沒有支付，這將成為債務利息在通常不合理地調高利率將適用。
在許多情況下，涉及小數額的違約，持卡人很少送上了法庭。 這是因為訴訟費用高，執行判決的機會很低。 畢竟，巨大的利潤會較充分地覆蓋在這方面的任何損失。
許多持卡人，企圖通過提供這樣的方便卡，忽視或不情願地承擔高昂的舉行一次。
卡用戶也有不滿對商戶的誰拒絕履行該卡無論是絕對或合格的依據。 However, merchants, too, have problems which card users may not appreciate. This has to be understood in the context of the way in which the issue of cards has evolved.
Before the use of such cards became widespread, the holding of a card was associated with prestige and status. And it was usually used to purchase costly items in high-end places.
In time, cards were issued to a wider and perhaps not selective range of people. As a consequence, they came to be widely used even for small retail transactions where the profit margins for merchants are small. Abuse and misuse, as well as fraud, also set in.
This necessitated the need for verification. Before the present electronic means of approval became widely available, merchants would, in the case of unfamiliar customers, take out a printed list to check whether the card had been suspended, cancelled or for any other reason ought not to be entertained.
In other cases, the merchant would make a phone call to the card issuer for verification. Today, verification has become common and efficient, though not without hiccups.
Merchant misconduct?
What about the grievance against merchants who refuse to accept cards for transactions below a certain amount? It is essentially a matter of contract. Any right or remedy would only follow on the basis of any breach of contractual rights that exist.
When a merchant displays the symbol of a particular card, he is merely intimating that payment by card is possible if and when a contract is entered into. The question of payment only comes into effect when a purchase is made.
If a merchant makes it known as soon as a customer steps into the establishment that payment by credit card will not be accepted for purchases below a certain amount or for the purchase of specific items, then the merchant commits no wrongdoing.
However, there could be a contractual breach if the merchant has entered into an unqualified undertaking with the card issuer that payment will be accepted by card for every purchase without any qualification.
But then the breach would be in relation to the card issuer and not the cardholder. This is because until an offer is made and accepted, there is no contract between the cardholder and the merchant, and the question of payment does not arise.
Of course, the cardholder can complain to the card issuer if it has given an unqualified undertaking that its cards would be accepted at all establishments without qualification and question. However, this would again depend on the terms and conditions on which the card is issued.
Finally, there is a need for cardholders to be careful in dealing with card issuers. This is because not all card issuers are always ethical and fair.
Pitfalls and ethics
In the recent past, card issuers have issued cards to new and untested customers, waiving the annual charges. Yet existing cardholders continue to be slapped with annual charges even though they have held the card for years.
Cardholders who complain are quietly given a waiver. Those who do not complain are charged annual fees. Legally this is not wrong but in terms of fairness and ethics, it is hardly a commendable approach.
There are card issuers who claim to give annual fee waivers but the cardholder must be aware of the need for minimum usage.
There could be instances where there is an initial annual fee waiver but in the second year, there could be a substantial annual fee which is imposed as soon as the second year starts.
Cardholders who do not want to feel cheated, need to read carefully the terms and conditions to appreciate their obligations.
from:thestar.com.my/lifestyle/story.asp?file=/2009/12/29/lifefocus/5354969&sec=lifefocus
New year, new buzz for EON Bank
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國貿銀行有限公司，該國第三最小的銀行集團表示，貸款可能會增長百分之十四，今年，高於去年的百分之6.2，在經濟復甦。
存款預計將增長百分之20，今年與去年相比，今年的百分之3.1，由於銀行存款的目的是支撐，以確保健康成本的資金比例，國貿銀行集團首席執行官邁克爾艾斯羅說。
今年，國貿銀行將努力保持一個可持續的回報從消費者和小型和中小型企業（SME）部門，其中包括約百分之85的業務，他補充說。
他說：“我們的創新產品和服務，其中許多被開創性和市場擾亂，我們將保持強勁增長的領導和分期付款，卡，中小企業貸款和抵押貸款，”艾斯羅告訴工商時報在電子郵件採訪。
在明年的新產品，該銀行將“導致了很多嗡嗡聲”推出“最終信用卡”為那些誰愛購物，他說。
它也將集中在存款產品，幫助客戶節省和增加財富，艾斯羅認為是重要的光的經濟形勢在過去兩年。
“我們的住房貸款和汽車貸款也將提供一些非常激動人心的促銷活動，”他補充說。
此外，國貿銀行瞄準新的收入來源來自投資銀行，諮詢，貿易，銀行保險，他說。
在服務稅徵收 50令吉信用卡由政府，LOR公司雖然同意，這會影響業界，強調基礎知識競賽，國貿銀行沒有改變，它打算提供創新和開拓產品，提供簡單性，便利和價值。
“事實上，我們已經收到了巨大回應我們的一些信用卡和促銷活動，在過去一年中，他說。
One of its more popular cards is the EON Bank-GSC (Golden Screen Cinemas) Credit Card, which offers discounts, benefits and priority ticketing lanes to holders.
It also saw great response to the EON Bank-Matta Card, which allows customers to take advantage of vacation packages and savings during the annual Matta (Malaysian Association of Tour and Travel Agents) Fair.
Overall, EON Bank, whose parent company EON Capital Bhd is now a takeover target of larger rival Hong Leong Bank Bhd, is facing the new year with a renewed sense of vigour and enthusiasm, Lor said.
“While we recognise that we are a local bank in our origins and presence, we are ultimately looking to be the 'preferred Malaysian bank' for our customers.”
The challenges will come mainly from three areas, Lor added. Banks will need to find ways to survive in an increasingly open and liberal economic landscape and at the same time attract and retain talent.
They will also need to be quick in adopting cutting-edge technology and world-class standards.
“I believe a key concern will also be how we can educate and encourage Malaysians to adopt new technology and innovations as well as benchmark themselves against world-class standards.
“The development and adoption of cutting-edge technology is happening so rapidly. In fact, banks around the world have successfully introduced Internet banking, mobile phone banking and other advanced solutions to their customers. So it is certainly some-thing all of us here in Malaysia are looking into,” Lor said.
from:btimes.com.my/Current_News/BTIMES/articles/lor01/Article/index_html
Banks waging plastic war
KUALA LUMPUR: With millions of customers pondering if they should snip their credit cards to evade the Government's newly-introduced RM50 service tax, banks are engaged in a “plastic war” to retain their share of the market.
Tempting offers are being made to cardholders, in the form of innovative loans, easy cash and balance transfers, to keep them “tied.”
Bank officials told The Star that the credit card issue was at the top of the agenda during daily meetings.
“Credit cards offer banks a mass market and it is important that the correct strategies are devised to keep our customers.
“As it is now, it's getting super hard to sign up new customers as the market is already saturated,'' said one bank manager based in a local bank here.
Another senior bank manager, who declined to be named, said there were banks which were even offering zero-interest balance transfers for up to a year – but with a catch.
“One bank's requirement is for the cardholder to spend at least RM300 a month using the credit card. “The cardholder benefits and at the same time, the bank makes money from the additional swipings,'' he said.
One cardholder, who wanted to be called Raj, said he was surprised to receive a cheque for RM10,000 in his name recently.
“The bank wrote to me saying I could use the cash any way I wanted. I was so tempted until I read the fine print which stated that the interest rate was 18%!,'' he added.
Writer PB Cheong, 30, said he cancelled four credit cards at the start of the year.
“Once you get caught in the credit circle, it is very hard to get out. It is not how many cards you have that matters but how you use it,” said Cheong who chalked up a debt of RM30,000 at one time.
Finance manager Angeline Goh, 29, said she received many calls from banks and agents offering credit card balance transfers at a lower interest and even personal loans.
“It's normal to apply for one credit card from the bank but they end up offering you two credit cards – a Visa and Mastercard, she said.
Deputy Finance Minister Datuk Chor Chee Heung, when contacted, said it was understandable that the banks were coming up with more incentives and plans to retain their credit card base.
He said some banks have created a system with points used to redeem the RM50 service tax.
Fomca secretary-general Muham-mad Sha'ani Abdullah said banks would offer various “baits” or incentives to retain their customers.
“Banks should be more prudent as to whom they issue credit cards. Otherwise, they would just be getting people into deeper debt because many do not understand the pitfalls of having a credit card,” he said.
fr:thestar.com.my/news/story.asp?file=/2010/1/31/nation/5585740&sec=nation
No subsidy for RM50 service tax
PETALING JAYA: Calls to customer care lines of all credit card issuers revealed issuers will not subsidise the RM50 service tax for credit card that came into effect on Jan 1 this year. Most credit card issuers, when contacted, declined to comment on the service tax issue.
With the exception of Bank Kerjasama Rakyat Malaysia, which unconditionally subsidises the service tax, all credit card issuers impose specific conditions upon customers in order to offset the amount. (see graphic)
Most credit card issuers allow the amount to be offset with the cardholders' reward points earned. However, the amount of points required to offset the RM50 is usually lower than a department store shopping voucher redemption of similar value.
Another mechanism offered is a RM50 cash rebate specifically tackling the service tax amount. It requires cardholders to utilise their cards – usually with a minimum value on transactions – to be entitled to the rebate.
According to a statement from Aeon Credit Service (M), the company has yet to see any behavioural change in card members after the announcement of the service tax.
“Our credit card members' recruitment has not been slowing down and we are still receiving encouraging number of applications despite the fact that new applicants are aware of the service tax imposed.
“In principle, the service tax is to be paid by cardholder, who may also utilise reward points earned from using the card for the purpose,” the statement said.
Many credit cardholders have already started cancelling their surplus credit cards.
In his blog, PJ Utara MP Tony Pua wrote that he made his choice for what to snip and what to keep based on the best cash rebate and reward point deals.
Cash rebates is better than card reward points, he wrote, but do read the fine print before deciding. Although many credit cards offer “up to” 2% cashback, he noted, “You'll only enjoy 2% cash back for monthly purchases in excess of say RM6,000. Otherwise, for expenditure below that, you'll only get cashback of not more than 0.5%.”
He said to enjoy some cash rebates, card holders may have to forward balances and end up paying high interests.
For reward points, he advised, look out for the card that offers the least amount of points to convert to a particular reward.
fr:thestar.com.my/news/story.asp?file=/2010/1/31/nation/5585741&sec=nation
Trends in credit cards after new service tax
EFFECTIVE Jan 1 this year, credit cardholders are charged an annual service tax of RM50 per principal card and RM25 per supplementary card. The service tax is imposed on any new credit card issued from Jan 1, 2010. For existing cards, the service tax will be charged on the anniversary of card issuance.
There are diverging views from analysts and bankers on the impact of the new service tax. Some expect the growth of card usage to slow down as cardholders cancel some of their cards. Others think that although the number of cards will shrink, the growth of credit card spending will not be affected.
Our view is that the service tax will reduce the number of cards in circulation and will have a slight negative impact on the growth of credit card receivables.
Most banks allow cardholders to use their reward points to offset the annual service tax. Some banks even absorb the service tax if the utilisation of the card hit a certain level within a specified period of time.
But we think this will not stop the slide in the card base as cardholders cancel cards that they do not use actively as they do not have enough reward points to offset the service tax or meet the utilisation needed to qualify for selected banks' absorption of the service tax.
In this report, we look at the growth of the credit card business in January this year after imposition of the service tax. We qualify that it is too early to deduce the full impact of the new tax as some cardholders will be only be cancelling their cards when the renewal time approaches.
Despite the imposition of the service tax, growth in credit card receivables unexpectedly accelerated to 7.2% year-on-year (yoy) in January 2010 from the 5.8% yoy pace in November to December 2009. We attribute this to the positive impact of the improved economic climate, which offset the drag from the new service tax.
The trend in credit card loans, to a large extent, mirrored economic growth but with a three to four-month lag.
While the one-month numbers may not be reflective of the full impact of the service tax as some existing cardholders will cancel their cards only when the time for renewal draws closer, the improved momentum in January 2010 imbues us with confidence that it will not have a significant negative impact for the full year.
Furthermore credit card receivables made up only 3.4% of the industry's loan base in January.
Despite the improved growth in credit card receivables in January, we still see downside risks in the momentum given the 13%-45% yoy contraction in credit card loan approvals between April 2009 and January 2010.
We still see downside risks for the momentum of credit card loans despite the improvement in January. This is partly premised on the 13%-45% yoy pullback in credit limits approved for new credit cards in April 2009-January 2010.
Credit card loan approvals even slumped 44.8% yoy in January, partly due to the slower growth of 10.9% yoy for credit card loans disbursed in January versus 20%-35% yoy in June-December 2009. In absolute terms, January's loan approval totalling RM1.08 billion was also the lowest since February 2006. The faster expansion of credit card loans in January despite the contraction in approvals was mainly due to the higher utilisation of existing credit limits.
However, the continuous drop in credit card approvals will cap the growth of credit card receivables in the longer term.
As expected, the cards in circulation shrank as cardholders cancelled some of their cards to avoid paying the service tax. Cards in circulation dropped from 11.1 million in November to 10.8 million in December and 10.4 million in January.
Principal cards fell 6.1% from 9.8 million in November to 9.2 million in January while supplementary cards dropped 7.7% from 1.3 million to 1.2 million.
Due to the imposition of service tax, cardholders are cancelling some cards and concentrating their usage on a limited number of cards.
This makes it harder for banks to expand their card base unless they can get new cardholders by offering transfers of credit card balances held with other banks.
To lure them, banks need to offer better packages including freebies, higher credit balance or better reward points. This suggests more intense competition in the industry and higher cost of acquiring new cardholders.
A seasonal spike in card usage
Credit card utilisation jumped in December-January due to increased spending before and during Christmas and Chinese New Year.
Amounts charged to credit cards shot up to between RM5.6 billion and RM6 billion in December and January compared to RM5.1 billion in November and an average of RM4.9 billion in January-November last year.
The number of transactions also rose to 24 million and 26 million in December last year and January 2010 versus an average of 22.7 million in the preceding 11 months.
The seasonality factor also pushed up the utilisation of credit cards (total purchases over the credit limit) to 72%-75% in December and January from an average of 66% in the first 11 months of 2009. We expect credit card purchases to subside to the RM5 billion level after the festive period.
Benign delinquencies
Despite last year's weak economic climate, the asset quality of credit card receivables remained intact. Loans not serviced for more than three months (which technically should have been classified as NPLs) accounted for only 2% of the total credit card receivables in December and January, slightly lower than the year-ago level of 2.1%.
Credit card loans in arrears for less than three months comprised about 7% of total credit card loans in December 2009 and January 2010, down from 7.9% in December 2008.
We believe that the annual service tax of RM25-RM50 is too small to have an impact on the asset quality of credit card receivables.
On a positive note, the improved operating environment amidst the economic recovery should cap the delinquency rates at the end-2009 levels of 2% for more than three months and 7% for less than three months
fr:theedgemalaysia.com/business-news/161781-trends-in-credit-cards-after-new-service-tax.html
Credit card issuers eye bigger market share
NOW that the economy is on the growth track, card issuers appear poised to grow their market share through several initiatives. The assumption is that a growing economy will also push demand for credit cards.
For the fourth quarter of last year, the economy registered a growth of 4.5%; this year, many analysts are upbeat that it will surpass 5% and some even feel with the stimulus packages coupled with the government's New Economic Model, it will the pave the way for stronger economic growth.
RAM Ratings' head of financial institution ratings Promod Dass says that credit card issuers will probably focus on card holder retention and increasing card utilisation through privilege schemes or special promotions after the imposition of the recent RM50 service tax. “Based on recent trends on the number of principal cards in circulation, we have observed a slight drop in January 2010,” he points out.
Generally, analysts concur that consumer spending will increase in tandem with the strengthening domestic economy which in turn will spur demand for credit cards despite the tax imposition on cards.
Malayan Banking Bhd (Maybank) consumer banking head Lim Hong Tat says card members will continue to use credit cards for cashless payments but may confine it to those that meet their needs best.
While there may be some consolidation of cards per individual as a result of the imposition of service tax, he expects overall card spend to continue growing. In addition, he points out that the increase of credit card adex by 63% post budget announcement will also contribute to promoting the usge of credit cards.
Citibank Bhd vice-president and business director for cards and consumer lending Anand R. Cavale says the bank will continue to invest in Asia, specifically Malaysia, given the region's positive outlook.
“We expect the mass affluent spending in Malaysia and also in the region to pick up amid the stronger economy. The bank will invest across a broad spectrum of cards and one of the main focus will include platinum cards.
“Platinum cards fit well if we look at how consumers are spending in the bank's card portfolio and where they will be spending moving forward,” he says.
Presently, Citibank is the leader in terms of circulation and card spend (sales). As of end 2009, the bank had more than one million card members and a market share of 20% in terms of card spend.
According to RAM Ratings Banking Bulletin 2010, Citibank was ranked first with credit cards receivables amounting to RM4.53bil as at Sept 30, 2009.
This was followed by Maybank with RM3.65bil and CIMB Bank with RM2.75bil respectively.
Citibank, he adds currently has more than 100,000 platinum cardholders and is looking to grow this base by at least 20% to 25% over the next two years. At present, more than 25% of the bank's credit card sales comes from platinum cards.
The bank's key strategy to capture a larger market share, says Anand, revolves around four investment areas – merchants and partners, products, distribution and research on consumer spending.
He says one of the unique features of Citibank's platinum card, which has yet to be matched by other players is its high reward points and the ability to redeem the points in all major departmental stores and supermarkets.
In addition, consumers can purchase items outside the catalogue and still earn high reward points.
To boost its presence in the card segment, among others, Lim says Maybank has embarked on building long-term relationship and customer loyalty in activation and retention programmes for different customer segments.
Maybank has also ventured into non-traditional card segment such as greater use of debit cards for small ticket items and corporate cards for high ticket items.
The demand for the platinum cards remains high because of the premier value associated with these cards.
Average spend by platinum card members for the bank, says Lim, is higher than Maybank's Gold Card members.
To this end, he adds that the bank will continue to look at improving the benefits of its premium cards to increase take-up as well as higher spend by existing cardholders.
CIMB Bank head of group cards and personal loan division Jean Yap says the bank's credit card business is focused at providing value to all segments of the consumer market.
As part of the bank's credit card business strategy, she says it is continuously identifying and partnering top-tier merchants to provide card members with significant benefits. At present, it features more than 380 merchants in its rewards programme.
To better service the bank's fast growing customer base, Yap says the bank began supporting its existing full-fledged credit card service centres located at Menara Bumiputra Commerce and Menara SBB in Kuala Lumpur with additional credit card service kiosks at key shopping malls, including at Pavilion and Sunway Pyramid.
The bank is also looking to expand its service kiosks in the near future to support its service centres in Penang and Johor Baru, she notes.
CIMB Group's key advantage in the card segment, she says, is its regional presence, where it enables CIMB Bank to create value for its customers on a regional scale. Additionally, CIMB credit card customers in Southeast Asia can enjoy seamless cross-border privileges where all discounts and perks can be enjoyed by any card members irrespective of whether you are in Malaysia, Indonesia or Thailand.
“The bank's multi-prong strategy has yielded positive results with excellent growth in its overall card spending as well as significant growth in the bank's affluent customer base through its World and Infinite cards, thus contributing towards making CIMB South-East Asia's most valued universal bank,” Yap notes.
In addition to Classic, Gold and Platinum credit cards, CIMB was the first bank in Malaysia to launch the CIMB World MasterCard for the affluent segment.
Following the successful launch of the CIMB World MasterCard, the bank followed through with the launch of the Visa Infinite, allowing the bank to complete its product range that cuts across all segments in Malaysia, from the mass (Classic and Gold), the mass affluent (Platinum) all the way to the affluent market (World and Infinite).
Yap says the bank has also identified specific segments where it is able to provide added value through its co-brand partners such as Malaysia Airlines, Petronas, and Touch n' Go, with each partner bringing distinctive value to specific customer profiles.
fr:biz.thestar.com.my/news/story.asp?file=/2010/4/3/business/5978415&sec=business
If you do not use credit cards then debit cards maybe a good option..
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Banks predict double-digit growth in card base, spending
Debit cards gain more ground
PETALING JAYA: Debit cards are fast gaining popularity in the country with banks predicting strong double-digit growth in card base and card spend this year.
MasterCard Worldwide vice-president and senior country manager for Malaysia and Brunei Jim Cheah said more consumers were using debit cards as the cards allowed them to control their spending and manage their finances better.
“It also reduces the need to carry cash and minimises loss in the event of theft or robbery,” he added.
The debit card's popularity is also partially driven by a change in consumer mindset, where post-financial crisis, many consumers are more careful with credit facilities and instead prefer to spend only what they have as opposed to racking up debt.
The higher usage of debit cards is also due to their greater acceptance by merchants as a cash replacement alternative as well as the recent introduction of service tax on credit cards.
Malayan Banking Bhd (Maybank) executive vice-president (head, cards and payment consumer banking) Ashraf Ali Kadir is targeting the bank's debit card spend to grow more than 50% in the financial year ending June 30, 2010 versus the previous year.
Maybank expects the value of its debit card e-transactions to hit some RM2.5bil this financial year.
Ashraf sees a bright outlook for debit cards in the country as “it can be issued to anybody who owns a savings or current account.”
The bank has to date issued over seven million cards, of which over two million are Visa debit cards.
At present, Maybank's market share of debit cards is 22% of the 30.3 million issued by financial institutions (based on Bank Negara's 2009 figures) and are used daily for small ticket transactions.
EON Bank group has seen an uptrend in debit card adoption by consumers, especially over the last two years.
Cards and unsecured lending head Aaron Tan said growth in the number of cards issued as well as the usage of debit cards was on an uptrend.
“For EON Bank, our debit card base grew 176% last year. We expect this uptrend to continue, similar to what has been experienced by other markets such as Taiwan, Australia, the United States and parts of Europe,” Tan said.
To date, the bank has about 300,000 debit card customers and targets to grow the base by a further 20% by year-end.
Alliance Bank Malaysia Bhd executive vice-president and consumer banking head Liew Swee Lin concurred that debit cards were gaining popularity in Malaysia.
“Over the last few years, debit card transaction volumes and values have grown steadily, outpacing the growth rate of credit card transactions,” she said.
According to Bank Negara statistics, the value of transactions for debit cards surged 833% to RM2.8bil in 2009 versus RM0.3bil in 2005 while the value of transactions for credit cards rose 69.4% to RM69.3bil in 2009 from RM40.9bil in 2005.
Liew said debit cards were expected to continue on this growth trajectory thanks to more innovative products being introduced by players in the market, including many hybrid/cross-branded cards as a result of expansion in partnerships with the retail/service sector.
Al Rajhi Bank Malaysia director of retail banking Sabry Ghouse viewed debit cards as a “must have” for almost everyone.
“It's easy to own, simple to use and widely accepted. This makes the card a way of life in today's society,” he said.
He saw the acceptance and preference for debit cards surpassing that for credit cards in the near future.
“It has already happened in the United State. As there is no element of interest or late payment charges with debit cards, the public will see debit card as a better option and realise the benefit of managing one's cash more prudently,” he added.
The bank currently has over 100,000 debit cards issued and plans to increase its card base by a further 50% this year.
“We will be introducing the first Visa Platinum debit card for our affluent banking customers soon,” Sabry said.
Hong Leong Bank Bhd, which already has one million debit cards in circulation, is targeting to add 300,000 cards this year following the launch of its latest debit card early this year.
It aims to have two million debit cards in circulation in five years.
fr:biz.thestar.com.my/news/story.asp?file=/2010/4/26/business/6122604&sec=business
shitt..my credit card expired on april 2010. but on may 2010…they still charged me rm50 principle….
That rm50 principle charges is Valid