any transaction with amex mbk2, after convert to MYR (RM), will get 5x TP.

but then, pls note that conversion fee for mbk2 amex is 2.5% to the converted amount.

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Added on October 12, 2011, 2:31 pmrefer here http://forum.lowyat.net/topic/2053536

fruitie, after u use ur amex on flickr, pls post it there so others can refer. thanks ~

This post has been edited by erry-: Oct 12 2011, 02:31 PM

thats mean the transaction on PayPal is charged on same day (20 August).

2 things about 2.5% here:

1. 5x TP is ± 2.5% cashback (if u take 10k tp to redeem rm50 gst or voucher)

2. 2.5% is also an additional amex fee.

example, on 20 august 2011 the rate for $1 is probably between rm2.97 to rm2.992 (source look between 18 august lowest to 25 august highest).

let say we take it as rm2.9725, if u convert $23, it should be rm68.3675, but with amex, need to + 2.5% so it will be rm70.0766875

urs being charged rm70.08 so it is ± within the range. coz we donno what is exactly rate use by maybank.



edited: make proper calculation



This post has been edited by erry-: Oct 12 2011, 04:36 PM

welcome

hi there.

for income below rm36k/year, the rules is cannot have cards from more than 2 banks, not cards.

the simple example is - u can have cards from maybank and hong leong.

any cards on maybank is ok - maybankard 2 amex + mastercard, maybank visa sony, maybank amex gold credit card, maybank visa flex, maybank visa wave.

any cards on hlb is ok - hlb classic mastercard, hlb visa essential, hlb visa mtv.

but all cards share the credit limit! so if ur CL is rm5k only (2x salary), no need to have till 3-5 cards!
besides, each card need to pay GST!

pls note: maybank and maybank islamic is consider as 2 banks.

so let say example if u already have maybank ikhwan petronas and citibank clear, u need to cancel 1 of it before can signup this maybankard 2.

err... thats a normal rate if using amex?

refer to bnm, rate on 7 oct is 3.1585 so after + 2.5% amex fee = 3.2374

since Gen-X stated "1.57% to 2.53%", so CP88 rate of 3.2435 is within the rage ~

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Added on October 13, 2011, 10:23 amsource: http://www.bnm.gov.my/index.php?ch=12&pg=629&eId=box1

again, rates at bnm website is just for reference.
we dont know exact exchange rate use by maybank ~

This post has been edited by erry-: Oct 13 2011, 10:23 AM

yes u can. but no 0% plan.

refer here - http://www.maybank2u.com.my/WebBank/BTf300511.pdf

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Added on October 14, 2011, 11:58 amlook for internal transfer

This post has been edited by erry-: Oct 14 2011, 11:58 AM

download ur bill, then view, look at last page.



the top 1 is including all from ur maybankard - atm, savings acc, visa, mastercard & amex with maybank logo (x1)

the below is only maybankard 2 amex 4x bonus

yes u can.

view all cards - select card - View supplementary cards (bottom right) - select card - Transaction history

This post has been edited by erry-: Oct 16 2011, 04:08 PM

correction, amex just need to swipe rm2,000 to redeem/cover the gst.

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Added on October 17, 2011, 9:21 amactually, its toooo late.

thats gst for 1st year la. other bank charged it when the card is issued. but maybank (and hsbc) charged 1-2 months later.

next year, it will be charged on ur month of annivessary. dont expect 1-2 months later ~

This post has been edited by erry-: Oct 17 2011, 09:21 AM

redeem on-the-spot rates still same like before. i thought the points lower

for kfc rm30, redeem at maybankard center less 1k points, mcd rm10 less 700 points

same goes to carrefour voucher actually, redeem+pos for rm50 is 11k points, but on-the-spot can redeem rm10 for 2k, so total 10k points only. besides me myself prefer voucher in rm10 domination than rm50

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Added on October 17, 2011, 10:03 ambut last time went to maybank pudu carrefour rm10 no stock

This post has been edited by erry-: Oct 17 2011, 10:03 AM

should be no problem to use amex there

pay the statement balance amount, rm1000.
rm50 will be credited in next statement.

yes got, but no on-the-spot redemption, either at maybank center or the outlet itself ~

not 1 day, but 1 hour and yes the offer still there. u get rm10 starbucks voucher and go back there after 1 hour.

deduction of points can be either from just 1 acc (or in ur case, 1 credit card) or multiple acc (saving/current/atm/credit card) combined, as long under 1 IC.

if u redeem online, the combined method will be use ~

for me, i dont want to make calculation of 5TP = 2.5%

coz u can only redeem TP with certain amount.

1. Yes no TP.

2. Check with ur current bank for early settlement penalty/fee for the IPP.

3. Some bank received amount BT to offset current statement only, not IPP.

1 of them is CIMB.
Let say u have CIMB statement balance rm3k and IPP still have rm2k.
if u do rm5k BT to MBB, CIMB will take rm3k to clear ur statement balance only, and rm2k for advanced payment, but ur IPP will still remain rm2k.
ur next bill will still have monthly payment for IPP but will be clear automatically by the rm2k carry fwd amount (if u didnt swipe anything else), this will continue till the IPP is finished.



This post has been edited by erry-: Oct 18 2011, 10:58 PM

ur welcome.

yes u r correct about the points.

but the most important thing is the IPP early settlement penalty fee u need to pay.

some bank charged rm50, some rm100

should ask at citibank thread

btw, here:

simple explanation for MSOS is, u will received PIN on your mobilephone, enter the PIN at the website to proceed the payment.
same as TAC method to pay/transfer onl.
but only for visa and master.

AMEX dont have any security

for ask PIN at maybank branch office, i believed the agent means PIN to apply maybank2u

but so far amex cs is so fast call to make verification. if u didnt perform the transaction, just said no.

also got website that add security for amex, read my post #9 at 1st page of this thread

yes its provided by the website, not by amex

err agree with u, maybe they wont verify transaction with amount like that.

if u trust the website, then no need to worry lah