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 Maybankard 2 Gold and Platinum Cards V2, AMEX with Visa or MasterCard

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saikua
post Jun 15 2011, 10:29 AM

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QUOTE(Gilthoniel @ Jun 13 2011, 04:34 PM)
hey guys, quick question...

I wanna confirm this with you - according to maybank customer service, using Amex overseas will incur a 2.5% admin charge for conversion EXCEPT for USD.

Does this mean that if I purchase stuff online, and also on the apple app store with my Amex (in USD) it will not incur 2.5% charges?

I'd like to link my paypal and itunes account to my Amex if there's no 2.5% charge, but if there is, then screw it...

Thanks!
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Just FYI la...

Went to singapore on the weekend. signed for 2 transaction

One using Amex

13-Jun-2011 10-Jun-2011 xxxx S$360.00 RM908.58 exchange rate = $2.5238

Then one using Mastercard (cuz they had 15% off for Mastercard, that's why use this instead of Amex)

14-Jun-2011 11-Jun-2011 HRC SENTOSA SINGAPORE SG S$164.15 RM405.74 exchange rate = $2.4717

On the same weekend did a transfer of $ to a US Paypal account. Paypal - Paypal (charge to Amex)

14-Jun-2011 13-Jun-2011 PAYPAL USA US US$206.15 RM639.71 exchange rate = $3.1031


Money changer exchange rate is S$ = $2.462 and USD = $3.025 Wawasan

Bank charges are usually abit higher.

Also... Mastercard gives a better exchange rate. could that be the 2.5%?
saikua
post Jun 15 2011, 11:12 AM

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QUOTE(zenquix @ Jun 15 2011, 10:42 AM)
is this the MBB2 cards? did you get 2x treatpoints for the Mastercard or only 1x for the above transaction?
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for Mastercard i got x1 and for Amex got x5

did some calculation

14-Jun-2011 13-Jun-2011 PAYPAL USA US US$206.15 RM639.71 exchange rate = $3.1031

Money changer exchange rate is USD = $3.025

if amex rate for RM639x5points = 3195points which is about RM15 value(~2100 = $10)

if money changer rate USD206.15 x 3.025 = RM623.60

so 639.71 (Amex rate) - 623.60 (moneychanger rate) = RM16.11

even if Amex is more expensive when it comes to exchange rate the TP kinda balance things up abit. so it's not really that bad.
saikua
post Jun 15 2011, 11:27 AM

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quite true! never thought of that... smile.gif
saikua
post Sep 12 2011, 12:17 PM

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QUOTE(lohmaikai @ Sep 11 2011, 04:05 PM)
I realise this will be my spending pattern with the amex 5% rebate.

Start of month, try my best to wait weekends for pumping fuel and reload T&G. Any item purchases also wait for weekends.
Once i spend more than 1000 on the amex on weekends, can use it on any day already just for the x5 TP. No point waiting for weekends 5% rebate
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Unless you know of anywhere that you can reload ya T&G with AMEX, u wont be getting the 5% cash rebate + 5x points. Places i know of that can reload with credit card only takes MC or Visa.. Care to share if you know any place that takes Amex for TNG reload?

This post has been edited by saikua: Sep 12 2011, 12:17 PM
saikua
post Sep 19 2011, 11:00 AM

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also saw the same thing. never happened b4... but it's for a short while.. probably update...
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