Yeah… A great news for Malaysia PayPal users. Now you can withdraw PayPal funds to local banks for FREE. I have some funds in PayPal from ADSDAQ. Before this, I planed to use the fund to pay US hosting fee or buy online stuffs from US. But now no need to keep so much fund in PayPal already. I can withdraw them easily.

All the while, the only way to get PayPal funds out was using credit card or charge card. And there is USD 5 fee charges (RM20 now). But who want to withdraw to card when you can get it free (>RM400) or pay RM3 fee (<RM400) to local bank?

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Hey, do you have any credit card with you? How many cards do you own? With announcement of RM50 annual service tax on principal card and RM25 for supplementary card during Malaysia Budget 2010, some people already started to reduce the quantity of their credit card.

Cancel your credit card?

By the way, this is a special service tax. Even though you have a free for life credit card that you don’t need to pay annual fee, you still need to pay RM50 annual service tax to Malaysia government. (Refer here) Malaysia Prime Minister, Datuk Seri Najib Tun Razak said that RM50 for credit card not a big deal to Malaysians. And they are getting the extra RM1,000 tax relief. (refer here)

Does this RM1000 tax relief really help Malaysians? Lets do some calculations… For example, I have 2 banks’ credit cards (both MasterCard and VISA). (This is very common to all Malaysians, some have even more than 10 principal credit cards). So I need to pay 4 x RM50 credit card service tax, total == RM200. And I am in tax range of 13% which mean that I can only get RM130 back from RM1000 tax relief. In the end, I need to pay RM70 (RM200 – RM130) more back to Malaysia government. So who is benefit from this? Malaysia government or Malaysians?

For me, I am sure that I will cancel extra principal cards and supplementary cards to avoid paying more tax. Maybe reduce to 1 MasterCard and 1 VISA credit card. How about you?

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Yeah… I got my AirAsia Citibank credit card finally. This is my latest Citibank credit card. I love the credit card design very much. It is the best among all the credit card that I have. Besides, the credit limit is the highest among them too. I would like to thanks Citibank for approving this credit card. I don’t think that Citibank still going to approve this card after what I did… Hehe…

What will you get when you apply AirAsia Citibank MasterCard credit card? By applying it, you can enjoy RM 100 off your next AirAsia flight. Isn’t that good? Hurry up to sign up before the promotion end.

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