So all credit card holders will be charged a service tax of RM50 per card and RM25 per supplementary card, effective next year.
Definitely sad, sad news for someone like me, who is a very good paymaster. I only use the credit card as a means of convenience instead of lugging cash around. I always always pay my monthly bill in full and never make use of the transfer-here-transfer-there promotions. I have also never paid any interest to the bank for my credit card balances.
But how do I get rewarded?
Because of people who hold tens of credit cards and owe monies left and right, people like me now have to pay service tax too. Life simply isn’t fair. If only the service tax would be waived for people like me, based on our credit card historical records.
But until then, we might need to rethink which credit cards to cut and which to keep.