Sunday, December 19, 2010

Job Cuts & Backup Plan

Few months back, I heard that a huge organization is doing job cuts! Within a short period of time, most of the support staffs, especially those from branch offices were affected. They are either been offered with Mutual Separation Scheme (MSS) or been transfered to other departments or relocate to another different office which is at a different state. Either way, it is a scary experience and a very cruel moment to all employees. Even those employees who are not affected also having a hard time because job cuts meant that the workload is still the same, but the number of heads and hands doing the task is greatly reduced. It is a hard time for all employees because management still expecting things to run smooth with limited human resource.

So, if you are currently employed and everythings seems working fine, it is still better for you to get ready your backup plan. Because you'll never know what's next in the top management or share holder meeting. Employee wages hold the highest percentage in an organization cash flow. For cost cutting exercise, most organization would have to sacrifice some of their employees, especially support staff. 

We have to plan and help ourselves! Have some backup plans now!

Tuesday, November 16, 2010

5 Reasons Why I Invested My EPF@KWSP savings in unit trust

Most of us know that EPF@KWSP members are allowed to invest certain portion of their EPF@KWSP savings in selected unit trust funds. But, not many of us are taking the action to start investing in unit trust using their EPF@KWSP savings. For me, at first I was quite reluctant to invest my EPF@KWSP savings in unit trust. But, after some investigation and further considerations, I decided to invest partial of my EPF@KWSP savings in selected unit trust funds. I listed below, 5 reasons which I considered good enough to convince me to start investing my EPF@KWSP savings in selected EPF@KWSP approved unit trust funds:

1) Higher return of investment
This is the main reason why I invested my EPF@KWSP savings in unit trust. Based on the average performance of my existing unit trust funds, the return of investment is much higher compare to the 5.65% dividend rate given by EPF for year ending 2009.

2) Lower sales charge
For most unit trust investment, the common service charge range between 5% - 6%. But, for investment from EPF@KWSP savings, the maximum service charges is only 3%. For long term investment, the difference of 2%-3% can mean quite a lot of money.

3) Take control of my own EPF@KWSP savings
Perhaps I can't take control of all of my EFP@KWSP savings, but at least I have a control of small portion of it. Over the long run, I hope this small portion can grow into something significant.

4) It's not the money from my own pocket
Sometimes it is quite painful to transfer some of our hard earned money from our own pocket into unit trust investment. Because there are risks in unit trust investment. So, EPF savings is another alternative. After all, I can't withdraw my EPF@KSWP savings till I am 55 years old. So, why not take some risk with a small portion of my EPF savings?

5) Free Takaful Coverage
There are some EPF@KWSP approved funds come with Takaful coverage. This is something really worth it - investment come with insurance coverage. But, of course, there are terms and condition to enjoy this benefits.

The above 5 reasons are solid enough for me to start investing my EPF@KWSP savings in selected unit trust funds. Anymore reason which I missed out? Do feel free to share with me.

However, must always bear in mind, all investment come with risks. We always hope to get higher and better returns from our investment. But, must be aware that there are also some risks that the investment might not be able to give us the type of returns we wish for. Prepare ourselves with these possibilities. Make sure we can accept these possibilities.

All the best in your investment!

Note: If you wish to know how much you can withdraw from your EPF@KWSP savings to invest in unit trust, click here. If you wish to know the list of approved unit trust funds for EPF@KWSP members' investment scheme, click here. Do take note, the list of approved unit trust funds can change from time to time.

Thursday, October 28, 2010

RoadMap To Financial Freedom - By Yap Ming Hui

Earlier this week, I was reading an article @ Q&A session by Yap Ming Hui, a local Financial Coach and Advisor. So, would like to share the article with you all. It is very true when he said 'Most people spend 90% of the time making money and only 10% of time managing money, when it should be 50/50'. I think I am 80/20. I hope to be able to spend more time learning on how to manage my money.

You can access the article here.

Happy reading!

Wednesday, October 20, 2010

My Personal Experience As A Mystery Shopper

Last year I registered myself in a local mystery shopping agency. Upon registration, I received quite a number of mystery shopping opportunities. But only in Aug 2010, I decided to to take up 3 mystery shopping assignments. Why, is because I only take up those assignments that's related to me. 

The assignments are not tough but need to do some work and need to have a very details observation skills. Upon confirmation of the assignments, the agency assigned a specific date where I need to do my mystery shopping. My task include to visit a specific place and made a call to that same specific place and followed by answering a set of online questionnaires. Before proceed with the mystery visit, the agency provided me with a log-in details to their online assignment database where I can view all the details and task for each of my assignment. Upon log-in,  I read through all the details (In fact, I read at least twice for each assignment :p) and printed out the questionnaires. The questionnaires are quite long, about 6 pages. But, not to worry as most of the answers are closed ended questions which means that you can select your answer from the options given. Only about 20% of the questionnaires need further elaborations and sometimes some descriptions. Upon completion of the mystery call and mystery visit and the questionnaires, I had to submit the questionnaires within 24 hours, together with proof of visits (a recording of conversation, name card of the person who attend to me at the specific place).

My first assignment was not so successful as I was inexperience and I feel like the place where I visit have a feeling that I am a mystery shopper which made me feel uncomfortable. My second and third assignment were quite OK and things run smooth. I also feel more confident.

My task did not finished at the point where I submitted the online questionnaires. The mystery shopping agency still contact me for some verifications of the questionnaires details. Some of the questionnaires are quite details, for example, whether the person who's attending to you is wearing spectacles or not, body size, age group and his/her race. I had quite a hard time to recall the particular for my first assignment.

The mystery shopping agency paid me the promised payment somewhere a month later. I would say, the pay is quite good, range between RM40-RM45 per assignment. Some extra cash, why not? Any of you with mystery shopping experience? Feel free to share your story :)

Saturday, August 14, 2010

Money Fight in Family

If you watch Hong Kong or Singapore or Malaysia Chinese drama, money fight is one of the main theme of the drama. In fact, money fight is one of the popular topics when I overheard some aunties' or uncles' conversation at hair saloon or kopitiam. Well, mostly are juicy gossips on others families' internal fighting over the parent's money and inheritance.

I have seen siblings hurt each other physically and emotionally over their parent's inheritance. They quarrel, curse and almost use the 'parang' to slash their brother. It's too sensitive and it's never a fair deal when come to wealth inheritance. In cases where the siblings bring their own lawyer, thing become worse. The fighting become longer, more expensive and more intense, leaving unhealed wound and causing families separated. Unfortunately, in most cases, no one wins. The lawyers are the ones who profit from the family fights.

It is sad to see wealth accumulated by hardworking parents ruins by their own children. Wealth which supposed to enhance their children life making them blind and fighting among themselves. Is it worth it? No! Not at all. Let us ponder on this and guide ourselves and our young generations to be wiser when handling inheritance. Let us teach them the value of family relationship which cannot be bought with any amount of wealth.

P/S: To the Chinese, I apologise for using us (the Chinese) as the example above. It's just that I feel family fighting over money is stronger in the Chinese family. But, I do believe it happened everywhere and to anyone...

Saturday, July 10, 2010

LHDN@IRB - Overpaid Tax Refund

I submitted my 2009 income tax in April 2010 through e-Filing. The process was very fast and convenient. For my 2009 tax return, I have an overpaid. My employer deduct the tax on monthly basis from my payroll. Well, not a big amount but it is my money and I want it to be returned to me.

I read from local news that LHDN@IRB will return the overpaid tax within a month from the date of submission especially for those who submitted through e-Filing. Towards June 2010, I have not received any news on my tax refund yet. So, I sent an email to LHDN@IRB to enquire on the status of my refund. Within 2 days, I received a reply mentioning that my tax refund request had been sent for processing at the local tax office, LHDN@IRB Kuching. Within 2 weeks from the date of my email, I received the cheque from LHDN@IRB.

Even though I didn't not received the refund within one month from my income tax submission but I am quite satisfied with their prompt reply on my request. Quite an impressive improvement. Hope that for 2010 tax return, tax payers will receive their tax refund within one month time, as mentioned by LHDN@IRB.

Tuesday, June 8, 2010

$Money$ - Is IT The Main Reason Why You Are Working?

We all have a job. It can be an engineer, a doctor, a professor, an accountant, a housewife, a baby sitter or a full time blogger. What do we get from a job? Definitely the measureable part is we get some money for our work done. But, is money the main reason why you are working?

For me, yes, money is one of the many reasons why am I working. I am working so that I will get my paycheque at the end of the month. From my paycheque, there are a lot that I can do. I can support myself and my family in many ways. I can ensure all of our basic needs are met. I can also reward myself with a relaxing facial session or have a long holiday trip in Japan. And of course, I can invest part of it for my future and my retirement planning. Not forgetting, I save part of it for rainy days as well. As, at this moment, we hardly survive without money. Not until, the barter trade system is back…

But, other than for money, other reasons why I am working including for personal fulfillment. Which means that I work so that I can gain more knowledge and expand my social circle. Working also makes me feels like there is a value in me and it feels great when my contributions can help for the growth of the organization. It is also a great way for me to further understand myself and my surroundings.

How about you? Is money the main factor that keep you do what you are doing?

P/S: Now, I work for money. Soon, I hope money will work for me :)

Tuesday, June 1, 2010

NO Waiver for RM50 Credit Card Service Tax

Yesterday I received my latest PB credit card statement. There was a charge of RM50 for credit card service tax. Thinking not so willing to pay for the RM50 service tax, I contacted the bank trying to request for waiver for my credit card service tax. Since I failed to contact them through their customer care line, I email to them instead. The reply was very prompt. Today, the customer service replied me to inform that there will be no waiver for the RM50 credit card service tax.

So, no choice. I still need to pay for the RM50 service tax. Luckily my Cash MegaBonus is enough to cover for the RM50. Thinking positively, this is a good starting effort to prevent us to carry too many credit cards. Imagine, if I have 5 cards, annually, I will need to set aside RM250 just for the credit card service tax.

I am wondering how about other banks. Do they charge you for the RM50 service tax or do they waive for you (when you request for waiver)?

Saturday, May 8, 2010

Advantages and Disadvantages of Online Shopping

With the current fast moving internet technology, many things had moved to online including online shopping. I believe most of us have shopped or purchased online, at least when you booked your Airasia Now Everyone Can Fly tickets. I myself had done some online shopping and I listed below the advantages and disadvatages of online shopping:

Advantages:
1) Save your time
If you are someone who spend most of your time in the office and only go out during lunch, you know how valueable is the 'outside time' for you. Or, if you are a busy mum, you will find it hard to go to the store with your kids around. For conventional shopping, you need to plan for your trip and most probably you will need to spend some time from the journey to the store. Through online shopping, you save your time by just a few clicks on your computer mouse. Within a few days, you will receive your items at your preferred location.

2) Convenient
This is much related to the first advantage above, save your time. It is also very convenient to shop online. For example, to purchase air ticket at the ticketing counter, you will need to drive to the location, park your car, get your queue number and wait for your number to be called. With online shopping, you will get your airline ticket done in just a few minutes at the comfort of your home.

3) 24x7 - anytime and anywhere
For conventional shopping centre, the business hour is limited, usually range from 8am to 10pm. But, for online shopping, most of the online store is available 24 hours a day, 7 days a week. You can shop and order anytime of the day and from anywhere, as long as your are connected to the internet.

4) Cheaper price
Due to lower maintenance cost in term of workers and business premise, online stores able to sell with cheaper price compare to those item in the conventional stores or supermarket. If you purchase in bulks, you can get more discount as well.

5) More choices
In some locations, their desired products might not be available at their local store. So, online store can solve this issue. Online store also provide more choices for its shopper. It is much easier to browse the available item from a web browser rather than walking in the store. And it is easier to go to another online store compare to go to another ifferent conventional store. Which again, help you to save your shopping time.

6) Readily available information
Usually for online store, the product informations are readily available on the site. Buyers are free to access to the informations and some even provide instant reply for questions related to their products. Some buyers (like me) prefer to read the available informations on the products rather than having a sales assistant bugging me or following me around.

7) Products review
Most of the online shops also come with product reviews. This is especially helpful in providing more information for the potential buyers. Positive products review will definitely help the potential buyers.

Disadvantages:

1) What you see online is not what you get
For online shopping, there is no testing before purchase the products. The picture of the product might look great on the website but when you received it, it looks different. For example, a dress which look very nice on the online model might not look nice on you. So, for purchase which you need to try, to test and feel it, online shopping is not a good idea.

2) Chances of fraud seller
For experienced online shoppers, this might not be a problem but for novice shoppers, they might be cheated by fraud sellers. Upon receiving the payment, they might not received the promised products. It is best to check the rating of the seller before do any online puchasing. Be sure only to purchase from good rating sellers.

3) Misleading information
To impress their potential buyers, some online shop owner might provide misleading information about their products. It is adviseable to read more especially user review before purchase the product online.

4) Online payment security issue
For online purchase, most payment mode are through online as well. Because of this, there is a higher chance of payment security issue. Be sure to shop on secure store. At least, the possibility of credit card fraud or orther online payment method fraud is minimized.

6) Disclosure of personal information
Before any online purchase, buyer will need to disclose their personal information. This is for payment and shipping purposes. You never know who's at the other side viewing your personal information.

7) Computer and internet service requirement
To be able to shop online, you must have a computer with internet connection. And some basic internet knowledge as well. That is why most of the online shoppers are younger generations. Not many grandma and grand dad shop online.

8) System down
When the system (either yours of theirs) is down, online shopping is not possible to be done. But, usually, the system won't take so long to be back operating as usual.

9) Expensive shipping fee
For some products, the shipping fee might be more expensive that the price of the purchased product. For example, to purchase a set of skin care from US, the cost of the shipping from US to Malaysia is much more expensive than the skin care itself.

10) No human touch
For conventional shopping, there is always sales asssistants whom we can ask for advice or for help. But, for online store, you will have to help yourself. For purchase which you need some human touch, it is better to get it from the conventional stores. Only after you are confident which product you wish to buy, then should go for online shopping.

11) Long wait for delivery & lost items
Depending on your location and the type of the delivery service you are paying, the waiting time can be quite frustating. Some items can be lost as well.

Based on the above information, it seems like the disadvantage is more than the advantages. Nevertheless, I still believe online shopping has a promising future. Or, is there any points which I had missed out? Feel free to share your view.

Wednesday, May 5, 2010

Managing Corporate Finance

I am very surprised with the Account @ Finance Department for some of the corporate organization in Malaysia. Why I said so is because they did not check the invoice properly before issuing the payment. Even the payment voucher has 3 different signatures (meant at least 2 person had verified the payment), still the account is not correct. Most of the time, they payment made late. Thus, there are balance brought forward to the next invoice. Without checking the status of the previous payment, they issue another new cheque including the previous payment which they had made earlier, resulting in overpayment.

I am wondering how come such a well known corporation has such a poor monitoring or checking system. And not only one or two huge corporation but quite a number of them. Is it because they money is not theirs, so they take little effort to ensure the accuracy?

If you are planning to have your own business, make sure you monitor the finances well, especially account payable. Ensure you hire a careful personnel to manage your finances. And you yourself must check the cheque properly before signing on it.

If you are a personnel working in Account or Finance Department, make sure you keep proper records and double check the payment details before issue the cheque. Your boss will appreciate your effort.

Tuesday, April 13, 2010

No Bonus, No Increment & No Promotion

Recently, our management team (HQ) announced that there will be NO bonus, increment or promotions for financial year ending 2009, until further notice. The main reason is our company's direction for this financial year is profit making. The other meaning is company currently don't have enough money for bonus, increment and promotions. From the way the company spent money for the past 2 years, no wonder there is not enough money for bonus, increment and promotions.
I am disappointed. I am not happy with the way they spent the money for the past 2 years. Maybe because the previous company that I work with is very concern on cost savings and very cautious on spending the money. But, when come to bonus, increment and promotions, my previous company is quite generous (even though I hope they can be more generous).
I can see other colleagues also demotivated to work. Last year was a year where me and other colleagues at our branch working really hard to hit the given target. At the end of last year, we managed to hit the target which we thought was impossible to hit. That's why we all are very disappointed and demotivated when we knew that there will be no bonus, increment and promotions for 2009.
It's not fair. At our branch level, we practised cost savings and try our very best to control the expenses. Furthermore, we hit the impossible target. But, there's no bonus, increment or promotions for us.
I am wondering how about the rest of organizations in Malaysia. Do you receive any bonus, increment or promotions? Mind to share with me?

Tuesday, March 23, 2010

EPF Rules - A MUST Read

Yesterday, I received an email from a friend on EPF Rules. I am not sure the source of this information but worth reading. Because there are circumstances which never crossed our mind....

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Subject: EPF Rules- A MUST READ

If ONE (1) of your Nominees in the EPF Nominees list dies, automatically the whole arrangement (EPF Nominees list) is VOID .. Meaning if, you only put in One (1) name & unfortunately he/she dies before you - automatically EPF will channel your EPF money to trustee of AMANAH RAYA upon your death.

Even though if you have few names in the EPF Nominees list, - the whole arrangement is VOID & none of the individual names left in the EPF Nominees list will get their portion & automatically EPF will channel your EPF money to trustee of AMANAH RAYA upon your death.

Piece of advice - if any of the your Nominees in the EPF Nominees list dies, please do immediately approach the nearest EPF counter & present the Death Certificate of the individual & register your NEW / LATEST Nominee in the EPF Nominees list + NEW / LATEST percentage .

If, you & the other party (maybe spouse) involved in the same misfortune (accident / illness) that caused death to both yourself / spouse please, please, please alert your siblings / relatives / parents to immediately approach the nearest EPF counter & share the information within 3 days to AVOID all EPF money to be surrendered to trustee of AMANAH RAYA .

Upon surrender to trustee of AMANAH RAYA, your children will have to battle the money thru 3 channels;

Majlis Agama

Pejabat Tanah

Mahkamah

The normal period via above 3 channels usually takes 2-3 years (except if you have inside/tip top connection) at Amanah Raya.

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Anyone with any experience with the above, feel free to share with me.

Sunday, March 21, 2010

Money Skills

All of us know how to earn money. But, how many of us know how to save or grow money? From what I see, there are a few types of money skills people which I categorized as below:

1) Earn $2000 and spend $2000
For those who just earn their first few incomes, they tend to belong to this group. Because they feel like they deserved to spend their first hard earned money. Many who just received their first paycheque especially graduates students who had been living in limited cash and gone through long hard way always spend most part of their first few income.

Other than young graduates who just joined the workforce, there are also some who feel like, 'there is no need to worry about tomorrow'. To these people, tomorrow will take care of themselves. So, they will just spend all they have.

2) Earn $2000, spend $500 and save $1500
Not many people manage to save 75% of their paycheque. And it is not easy to do that in the current economy situation. For those who managed to do it, most of them are practising frugal living. They are very cautious in their spending and most of the time, they are very good in planning for their spending.

3) Earn $2000 and spend $2500
For this type of people, they are spending their future money. If they are lucky enough, they are getting the extra money to spend from someone else (parents, spouse, other sources). For those who are not so lucky, their extra spending is paid by credit cards or personal loan or worse, money lender @ loan shark. After certain period of time or some tough and hard learning, some of them might be able to drag themselves out from this harmful spending pattern.

4) Earn $2000, spend $1500 and save $500
I believe most of us belong to this group. Maybe not saving exactly 25% from our income but more or less around 25%. Which I consider is quite healthy money skills. To some, 25% is not good enough, but if this 25% is properly managed, within a period of time, it can grow in huge some of money.

For us to lead a healthy lifestyle, money skills is important. We should save some and spend smartly. Which money skills you belong to? Feel free to share you opinions.

Friday, March 5, 2010

EPF@KWSP - EPF Declares 5.65 Percent Dividend Rate For 2009

EPF today declares 5.65% dividend rate for year 2009. That is much higher that 2008 dividend rate which was 4.50%. EPF also announced it earlier than last year which was 17 Mar 2009. The news also mentioned that "The dividend rate was declared on the back of the highest ever net income achieved of RM19.63 billion". Wow... RM19.63 billion @ RM19 630 000 000! Impressive! That is really a lot of money!

How I wish we will be receiving more than 8.50% because that was the highest ever declared dividend which was for year 1983-1987. Anyway I am thankful for the 5.65%.

The 2009 dividends will be credited to its members’ accounts on 8 March 2010, next Monday.

For complete news, please click here.

Saturday, February 27, 2010

Will You Take Part In Gold Investment Which Promise High Return Within Short Period Of Time?

Recently, a friend introduced me to a gold investment scheme where I can purchased the gold coin @ gold bar and I will get a certificate and at the same time, monthly interest will be deposited to my saving account (as long as I still keep the gold). Yes, on monthly basis. And the interest rate is much much higher if compare to the current bank interest rates.
She had been approaching me a few times. Everytime, she will bring along her gold investment certificates and also those of her clients to show me how much she is earning by just taking part in the gold investment scheme. The deal sounds to be too good. So, I do not take part in this gold investment scheme. More, the minimum purchase is 50g. If the gold price is RM130/g, so 50g will cost me RM6500. May be to some of us, RM6500 is a small amount. But for me, at this moment, RM6500 is still a huge amount.
I just had some feeling not to trust this quick money scheme. Do you invest in such scheme? You are free to share your opinions.

Tuesday, January 19, 2010

The Real Cost Of An Indonesian Maid In Kuching

My mother-in-law had a serious stroke 6 years ago. It's a miracle that she survived the most difficult moment for her. She took about 2 years to recover except partial of her left leg and left hand are not controllable. Thus, she needs another person to take care partial of her needs.

Since both hubby and me are working, and we are not willing to send my mother-in-law to care centre, the only option we have is to hire a maid. We had just changed to a new Indonesian maid on Christmas eve 2009 and the cost for a 2 years contract is as below:

Agent fee (Kuching agent & Indonesia agent) - RM6800.00
Maid monthly salary - Minimum is RM300.00

So, for a two years contract, one needs to prepare at least RM14ooo.oo. This has not include other cost such as food, clothes, maid's personal care items and other miscellaneous charges for the maid. Hubby said, there are other agency which charged much higher than RM6800. In west Malaysia, the agent fee goes as high as RM8000.00 for a two years contract. The sad part is a big portion of the cost goes to agent or introducer, and not the maid.

There are news that the agent fee is increasing. Just hope that the related parties will plan for Malaysian senior citizen and those with special needs. The aging population is increasing and not many can afford to hire Indonesian maids.

Feel free to comment.

Wednesday, January 13, 2010

2009/2010 Malaysia Employment Outlook And Salary Guide by Kelly Services

As a wage earner, some times, I would wonder whether the salary that I am receiving is compatible with what the market is offering out there. I wonder if someone with the same level of education, expertise and experience with me is earning more than what I am receiving.

When I was googling, I found The 2009/2010 Employment Outlook And Salary Guide by Kelly Services Malaysia. The report is very comprehensive and the content is quite interesting with the outlook for recruitment opportunities in various sectors in Malaysia. The salary guide also come with job descriptions of the position/job titles and the minimum and maximum salary offered.

I believe many can benefit from this reports. For wage earner like me, we can have a guideline whether our salary is within the range of what we supposed to receive. For Human Resource Department, they will have a guideline on the salary offered to employees based on their qualification, expertise and experience. For parents, they will know where the current market is heading and can advise their children based on their interest. For students, they will know how their career world is offering and from there can plan their future based on their field of interest.

Of course there are other factors involved when talking about salary offered. But, overall, this report is worth reading.

Monday, January 4, 2010

Terms and Conditions for Public Bank Credit Card Annual Fee Waiver

Time really flies. It has been more than 2 weeks since my last post and it is a new decade now. With this opportunity, I wish everyone a very happy and fruitful 2010. May all our wishes and dream come true in 2010.

Recently I emailed to Public Bank Card Services to request for my Master card annual fee waiver. Within 2 days, I received a reply from the Card Services centre mentioning that they had submitted my request for considerations. After about a month later, I received an official reply from PB Card Services on my request. I am glad that PB Card Services had waived the annual fee for both of my cards. The reason for the waiver is because my cards meet their minimum card retail usage.

If you wish to know more details on the waiver details, I listed down as below:

For principal card
(Retail usager per annum) : (Annual Fee)
RM1-RM1500 : 0% @ RM75
RM1501-RM3000 : 25% @ RM56.25
RM3001-RM4500 : 50% @ RM37.50
RM4501-RM6001 : 75% @ RM18.75
RM6001 & Above : 100% @ RM0

For supplementary card
(Retail usager per annum) : (Annual Fee)
RM1-RM750 : 0% @ RM45
RM751-RM1500: 25% @ RM33.75
RM1501-RM2250: 50% @ RM22.50
RM2251-RM3000: 75% @ RM11.25
RM3001 & Above: 100% @ RM0

If you wish to have 100% waiver for your credit card annual fee, spend at least RM6001 per annum if you are the principal card holder and RM3001 if you are a supplementary card holder. But, I think there is no harm to try to request for the waiver. If you are lucky, you might get 100% even if your retail purchase is less than RM6000 per annum. They know, it is a competitive market out there!

If you have credit card waiver terms and conditions from other banks, do share with me.