I seriously doubt that Amex charges a higher forex rate than Visa/MC and I believe your guess that the % is based on the Amex/Visa/MC rate is the correct scenario. But since it is nearly impossible to tell the forex rate used for CC usage due to the factors I mentioned earlier, one can base their opinion on the benefits given by the card. Thus based on the factors I mentioned earlier, it's not difficult to make a case that MBB 2 Amex isn't as poor for foreign usage as some forumers here claim.

got my maybank 2 CC cards today. took thm forever to get the product to me. that also i had to go collect it frm the branch.

worst!!! thy didnt link my cc to my M2U!!! i had to again go to the counter and register for it. sigh.. really bad exp..

OCBC gave me the card in 2 weeks frm application to receive through snail mail..

Anyone can shed some light on how to define a weekend trxn?
For example, Malaysian time 7am on a Saturday, could be Friday 11pm in U.K.

I experienced the same thing with Maybankard2 AMEX/Visa. I went to the branch twice and make several calls. Wasted my efforts, time and also money.

Emm ... yeah. I always count the rebate to be 5% then if 1% then the cap will be RM5K.

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Added on March 4, 2011, 6:40 pmWhy not? Hop on to the bandwagon!

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Added on March 4, 2011, 6:42 pmThe transaction don't follow international time but instead Maybank Malaysia time. You can be anywhere in the world but the transaction clock is based on the Maybank Malaysia time.

This post has been edited by hye: Mar 4 2011, 06:42 PM

Many thanks for your valuable advice.
You travel a lot and I trust you

Going back to your earlier comment above. The thing is many here know for a fact that AMEX charges the highest admin fee for overseas transactions BUT with 5X TP, they will definitely use the Maybankard 2 Card for business expenses instead of their Maybankard 2 Visa since they will be reimbursed. Question to ask is are these people willing to use the Maybankard 2 Visa over the Maybankard 2 AMEX to save the company some money? If I am the boss of my company, I will issue a memo to all to use only MBB Visa or MBB MC for overseas transactions, ahahaha. If you read the postings here and in AMEX Thread on overseas transactions, most people spending their own money will use Maybankard 2 Visa over the Maybankard 2 Amex.

For me, the best card to use overseas are my MBB Platinum MC where I get the lowest conversion rate and 2X TP or my EON Bank Visa Signature giving me also 2X points plus 1% cash back

If comparing Maybankard 2 Amex to to other non MBB cards, yah, above may be true considering the 5X TP.

Aiyah ... no big deal. Whatever I know ... I can safely say it.

Do you always enter airport lounges?
What does Free shower actually mean? Bath towel + shampoo+body shampoo etc provided FOC?
Sorry I'm just curious

May not be correct but I was under impression it was X -> USD -> RM

The admin charge would be charge at the RM part but u lose a bit in the first transaction as well.

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Added on March 4, 2011, 8:01 pmActually my experience is it follows the local time (non-Malaysian time) i.e. a transaction made in 2 Mar US time and 3 Mar MY time shows 2 Mar as transaction date in M2U

This post has been edited by zenquix: Mar 4 2011, 08:01 PM

Your flow chart easier to understand I will now admend it as follow

Day Forex USD/MYR --> Visa/MC x (admin fee) = A --> A x (local bank admin fee)?

Day Forex USD/MYR --> Amex x 2.5% ??


Anyway, I take my word back on the EON Visa Signature, I never had to chance to use my Visa Signature for overseas transactions together with MBB Visa/MC but I just check on a USD transaction did in January as follows:

EON Visa Signature Transaction on 2 Jan 2011 Posting Date 3 Jan 2011

VS USD533 MYR1674.42 Rate = 3.141595

Qanda USD/MYR 3 Jan 2011 rate = 3.04526 Therefore with Eon VS the diff is 3.1634%
BNM USD/MYR 3 Jan 2011 rate = 3.0645 Therefore with Eon VS the diff is 2.5157%

Wah, the EON VS conversion rate very high

I must use the EON Visa Signature with MBB together for overseas transaction next time to see diff but I guess MBB would still be better even if I were to consider EON VS 1% cash back.

This post has been edited by Gen-X: Mar 4 2011, 08:28 PM

depends on the bank
if not mistaken, my scb tit will follow malaysian time while pbb will follow local(foreign) time

This post has been edited by alexwsk: Mar 4 2011, 10:12 PM

oh, got such thing?
Gotta call CS up to get this clarified before going overseas.

I am going to buy things at ebay tomorrow since MBB CS said that all payment transactions are considered as retail transactions.

eBay Malaysia or eBay U.S. ?
Ask the CS whether the time of transaction is based on Amex Malaysia or the merchant's time..

seeing ur comments makes me thk again

if physically swipe, should follow local time
, my SCB tit transactions are mostly internet transactions like paypal, so will follow malaysian time
too bad din swipe at local time friday

next time should try out scb tit at local time friday and M2 AMEX at local time sat and sun

Precisely what I am trying to do now. Swiped my MBBKard2 Amex and Visa as well as DAMC at various times in Taiwan today. Preferred card today still Visa but will utilise Amex more frequently tomorrow (Saturday) for the weekend 5% rebate until RM50 cap reached.

This is a special exception for the recently launched Maybankard 2. For all other card types, they are still quite slow.


I never faced such problem so far and i had make more than 20 calls to Maybank since i received my Maybankard 2 cards before CNY.


But 5 figure is not really a lot of money these days ... i blame this on inflation, our weak MYR and poor wages in Malaysia


Just like Discover and Diners Club, AMEX is not widely accepted in US too but you will definitely won't go wrong with VISA and MasterCard.


Yes. Everything is provided and the shower room resembles that of a 5-star hotel which is no surprise really as most users are those flying Business Class or First Class.


Affirmative. My plane tickets purchase last month via www.malaysiaairlines.com got me the 5% weekend cash back too


Do update us with the actual rates

Just comes to show that OCBC really has an firm grip of their customers & potential customers. Its solely boils down to the fact they have an excellent offering in their 5% Cash Back program and we (the customers) will go heads & tails to get the card from them....(just like ME )

how about grocery? all petrol is 5% rebate? or some is 1%?
do you guys have the list? hope u guys have it because i planing to apply