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Credit card agents cry foul over service charge plan (AsiaOne)

KUALA LUMPUR, MALAYSIA – Applications for new credit cards have dropped by 80% following the Government’s announcement of a RM50 (S$20.475) service tax on each card starting next year.

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Credit card agents cry foul over service charge plan (AsiaOne)

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Report hits credit card issuers (New Haven Register)

One hundred percent of credit cards offered online by the leading bank card issuers still include practices that will be outlawed once legislation passed in May takes effect next year, according to a report released this week by the Pew Health Group’s Safe Credit Cards Project.

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Report hits credit card issuers (New Haven Register)

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INTERPOL TO TRACK DOWN M’SIAN TEENAGE GIRLS IN CREDIT CARD FRAUD (Bernama via Yahoo! Malaysia News)

CHENNAI, Oct 31 (Bernama) — ‘Charlie’s Angels’ they are not, but three Malaysian teenage girls will soon have a date with Interpol over their links to an international fake credit card syndicate based in South India.

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INTERPOL TO TRACK DOWN M’SIAN TEENAGE GIRLS IN CREDIT CARD FRAUD (Bernama via Yahoo! Malaysia News)

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MARC: Credit Card tax unlikely to reduce consumer spending (Sabah Daily Express)

Kuala Lumpur: The proposed annual credit card tax of RM50 per primary credit and charge card and RM25 per supplementary card, is unlikely to have an impact on the overall transaction value of cardholders over the medium term, says Malaysian Rating Corp Bhd (MARC).

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MARC: Credit Card tax unlikely to reduce consumer spending (Sabah Daily Express)

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Credit-card issuers raise interest rates, tack on fees ahead of new law (MalaysiaNews.net)

NEW YORK – Have you checked the interest rates on your credit cards lately? Odds are they’re going way up. That’s because credit-card companies are rushing to raise rates and tack on extra fees ahea…

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Credit-card issuers raise interest rates, tack on fees ahead of new law (MalaysiaNews.net)

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2. Credit card agents cry foul over service charge plan (The Star)

KUALA LUMPUR: Applications for new credit cards have dropped by 80% following the Government’s announcement of a RM50 service tax on each card starting next year.

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2. Credit card agents cry foul over service charge plan (The Star)