Spending money on credit card nowadays become a burden to most people. To those who do not know how to budget well, this card can be a devastating weapon which can cause mass destruction to ones life. On how to use your card correctly, please proceed to this post which I've explain before this but in new post, I will try to explain more on the service tax which was recently introduce by the government on the pre tax of reducing people's mishandling of their cards.
RM50 is the price of this service tax and reason of this introduction is to curb people from over spending their means and therefore, reducing the card on hand would definitely reduce the risk of overspending.........according to government that is. For me, that is full of crap.......if this guy wan to overspend his card, he can do it anytime and is still consider overspend. Example: His credit card limit is RM10,000 and his salary is RM4,000, he spend on average RM5,000 every month on something he likes which means he would be in deficit every month from there onwards. Does that means he is overspend with one card?.....Absolutely yes!!!!! So, what is the point of having this service tax then?
