RM50 service fee for credit cards?

I think that this service fee they want to charge is a rip off. They threw away the first 750 billion with no way to track what the companies did with the money so this is their way of making up for a BIG....mistake that they made...making us pay for it by charging the high service fee on unpaid balances. A way for the government to recoop some of the money which will take years and years.... To make matters worse.....if you decide to cancel your credit card they are saying that it will ruin your credit/ a mark against you. The government wants your interest and will do what ever it takes. Doesn't sound to good to me.