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How to Pay your RM50 Credit Card Service Tax without Paying| UOB Credit Card

By now, Most you must have decide which and How many Credit Cards to Cancel.

To cancel Credit Cards the right way, ReadĀ  How to Cancel a Credit Card | Do It the Right Way

This is to avoid unnecessary extra charges on paying RM50 credit card service tax PER CARDS!

The bank has come out with an Unique Offer to retain their customer Base.

Now we have received good news from UOB!

I just received this offer via Post today.

credit-cards

How to Pay your RM50 Credit Card Service Tax without Paying(FREE)

UOB-credit-card

Just select One of the Option šŸ˜€

Option 1: Save Spending

Spend RM 5,000 from 1st Jan 2010 to 31st Mar 2010 with your UOB Credit Card.

This option is available until 31st Mar 2010.

Option 2: Save Balance Transfer

Get a Balance Transfer or Flexi Credit Plan of a minimum amount of RM 5,000.

This option is available until 15th Jan 2010.

Option 3: Save AutoPay Bill

Autopay your bills using your UOB Credit Card such as your Maxis, Celcom, Astro, MCIS Zurich and TM or TNB.

This option is available until 15th Jan 2010.

** You need to SMS to UOB in order to enjoy this offer.

** Please read the Term and Condition before accepting any offer.

The Option 3: Save AutoPay Bill, look very attractive compare to the first two option.

Anyway, very likely I would Cancel all my UOB credit cards.

So far UOB is the second credit cards company that offer RM50 credit card service tax exemption by taking an offer.

MBF Credit Card was the first credit cards company that offer similarĀ  exemption via an Offer calledĀ  Power Balance Transfer.

Lost about the RM50 credit card service tax?

Read this Frequently Asked Questions(FAQ):

1) What is this Credit Card Annual Service Tax?

In the 2010 Budget announcement , the Government proposed to impose an annual Service Tax of RM50 for all Principal Credit Cards & Charge Cards and RM25 for Supplementary Cards effective 1 January 2010.

The objective of this proposal is to promote prudent spending to all Credit Cards and Charge Cards users.

2) Will I be charged for this Service Tax?

The Service Tax is applicable to all Malaysian Credit Cards after 1 January 2010.

3) Can UOB waive this Service Tax?

Since this is a Government Service Tax, banks are not allowed to waive it. However, cardmembers are encouraged to use their UNIRinggit Rewards Points or Smart$ Cash Rebates to pay for the Service Tax.

4) I have 2 Cards. Will I be charged twice for this fee? Per card or per customer?

The 2010 Budget proposed imposition of an annual Service Tax of RM50 per
Principal Card and RM25 for every Supplementary Card.

5) I am currently being charged annual fee.

Will I also be charged for this fee?

The Service Tax is a fee imposed by the Government while the Annual Fee is
charged by the bank.

6) I have a cancelled card with outstanding balance.

Will I still be charged for the Service Tax?

No, UOB will not charge you with the Service Tax when your cancelled card with outstanding balance crosses into the next card anniversary date i.e. when the Service Tax is due.

7) How will the Service Tax be imposed? Via card statement or pay to LHDN?

The Service Tax will be debited into your Card Statement and UOB will then forward the Service Tax to the government.

8.) Is this a confirmed Service Tax or only a proposal by the government?

The Service Tax was proposed in the Budget 2010 and is scheduled to be gazetted in Parliament before 1 January 2010.

This entry was posted on Monday, December 14th, 2009 at 12:19 am and is filed under Credit Card. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

5 Responses to “How to Pay your RM50 Credit Card Service Tax without Paying| UOB Credit Card”

  1. the UOB smart cash RM50 return- will they offer RM50 return every subsequent year or it’s just 1 off?

  2. hi Grace,

    I think it’s just one off.

    Why don’t you verify with the UOB Bank & feedback here again

  3. UOB Credit card is a joke. I personally feel it is the worst bank in Malaysia. Try cancelling the card and wou will know why.

  4. hi STuart,

    I’ve not cancel yet.

    may I know Why you say so?

  5. I have tried cancelling but enclosing the cut cards and writing to them in December, by regsitered post. Their cards suck.

    My main driver to cancel?

    I always find long queues when you call customer service, but with Platinum cards, you expect the wait to be no more than 10 minutes. I waited 10 minutes, to be greeted by someone who said thay canā€™t take my call, and they will call back! They tried calling back after 17 hours! I couldnā€™t answer as I was driving. I tried calling back, but couldnā€™t get through and did not feel like waiting another 17 hours!

    BTW, I wrote the cancellation letter to the CEO, who has not bothered to reply.