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RM25.00 per Principal & Supplementary card on a yearly basis. CST shall be imposed on the date of new card activation or renewal of the credit card on every twelve months after the date the card is issued or renewed. Minimum Monthly Payment: 5% of the outstanding balance or a minimum of RM50, whichever is higher. Management Fee Free Period
The initiative wants “help promote cashless transactions” by letting you claim a one-off eWallet credit of RM150 starting today until 1 June—but only if you’re between the ages of 18 to 20, or are a full-time university student. However, several users have complained that the “RM150 credit” on the Grab app is actually just vouchers.
Here’s quick scenario to briefly illustrate how the whole thing works. Ahmad has an aggregate income of RM60,000 and makes a donation of RM5,000 to an approved institution in March 2021. Since this donation is limited to 10% of his aggregate income, he can claim RM6,000 (10% x RM60,000) in tax deductions.
Nominate your HSBC Advance account as your salary account. Minimum monthly salary of RM3,000 with a HSBC/HSBC Amanah Credit Card 3 or minimum monthly salary of RM5,000 per month; 1 HSBC Advance via exceptional entry criteria is subject to a yearly review to ensure that the exceptional entry criteria is still applicable and intact.
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