QUOTE(CP88 @ Oct 18 2011, 04:42 PM)
Hi bro erry,
Even though you have max out the RM50/month rebates, the 2.5% admin fee will also be weighed back by the 5x TP(~2.5%). In other words from the transaction above,
$23 = RM68.3675 + 2.5% (admin fee) =rm70.0766875
Rm70.0766875 - 2.5% (5X TP) = RM68.3675

Correct me if I am wrong.Â

Actually the 5x takes into account the admin fee you already paid.
so $23 = RM68.375
+ 2.5% admin fee = RM70.0766875
- 5x TP (assume intrinsic value of 2.5%) = RM68.3247703125
However you need to note :
- you only gain the 2.5% if you redeem your treapoints at
0.5 sen to a treatpoint. There are redemptions that are more, there are redemptions that are less
- with the Amex admin charge, you are actually 'buying' your points at a discount... you save 0.05 sen in the transaction above (coz the value of the treatpoints you earned you have already paid for via the Amex admin charge) i.e. you get RM10 worth of points by paying RM9.95 upfront
This post has been edited by zenquix: Oct 18 2011, 05:09 PM