Thursday, 19 October 2017, 28 Muharam 1439H Solat Time:
KL Imsak 5:31 | Subuh 5:41 | Syuruk 6:56 | Zohor 1:01 | Asar 4:18 | Maghrib 7:01 | Isyak 8:10

GST FAQs on Bank Islam Card Centre


1. After the implementation of GST on 1 April 2015, what will happen to the RM50 service tax on credit cards?
With effect from 1 April 2015, the Service Tax will be abolished. So, the Service Tax of RM50 will not be charged on credit card accounts after 1 April 2015.
2. What are the credit card charges that are subject to GST?
All fees and charges imposed on your credit card account are subject to GST.
3. What are the fees & charges imposed with GST?
No. Fees/ Charges Fee Pre-GST Fee Post-GST (6%)
Annual Fee
1.  MasterCard / VISA
a. World / Infinite RM777.00 RM823.62
b. Platinum RM388.00 RM411.28
c. Gold RM130.00 RM137.80
2. MasterCard / VISA
(Supplementary)
a. World / Infinite RM333.00 RM352.98
b. Platinum RM150.00 RM159.00
c. Gold RM60.00 RM63.60
3. RSVP Charges 4.5% service charge on first billing 4.77% service charge on first
billing
4. Credit Card Cash Withdrawal Fees
a. At Bank Islam ATM (ON-US)
2.5% of the cash withdrawn or
RM12.00 (whichever is higher)
2.65% of the cash withdrawn or RM
12.72 (whichever is higher)
b. At other Bank’s ATM (NOT ON-US)
3% of the cash withdrawn or RM50.00
(whichever is higher or varies from bank to bank)
3.18% of the cash withdrawn or
RM53.00 (whichever is higher or varies from bank to bank)
5. Credit Card Statement Request
RM5.00 RM5.30
6.  Sales Draft Retrieval
a. All Credit Cards RM5.00 (Copy)
RM15.00 (Original)
RM5.30 (Copy)
RM 15.90 (Original)
b. All Debit Cards  RM5.00 (Copy)
RM15.00 (Original)
RM5.30 (Copy)
RM 15.90 (Original)
4. I have paid a RM50 service tax on my Credit Card prior to 1 April 2015. Am I required to pay GST on top of the RM50 service tax paid?
No. GST will only be imposed on the fees & charges as per the list in the table of no. (3) above.
5. Do I still have to pay GST if the Bank waives the annual fee charged on my credit card?
No, GST is not imposed on the annual fee that is waived by the Bank.
6. If I have paid the annual fee and service tax before 1 April 2015, will the service tax be refunded
if the Bank later approves a waiver of the annual fee?
No, a reversal of the transactions will be done by the Bank to refund the annual fee only.
7. Are late payment charges (“ta’widh”) and profit charges subject to GST?
No, GST will only be imposed on the fees & charges as per the list in the table of no. (3). Profit charges, ta’widh and card replacement fees are not subject to GST, hence the fees will remain as usual.
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