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Credit Cards Maybankard 2 Gold and Platinum Cards V3, AMEX with Visa or MasterCard

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xjeez
post Nov 25 2011, 11:16 AM

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QUOTE(chemistry @ Nov 25 2011, 02:14 AM)
Guys,

Is it feasible/legal to charge an amount to Paypal using M2Amex and then withdraw funds from Paypal? by this way, if the trxn is posted on a weekend we would be able to earn 5% from this in-and-out trxn.
*
I'm not sure if you can even deposit an amount into Paypal from your Credit Card in the first place?

AFAIK linked credit cards are only used when you buy something online via Paypal payment, where Paypal will act as the middle man to forward the charge to your credit card (with fees of course).

To actually get funds into your Paypal account there's only 2 ways -

1. Transfer from your own Bank Account
2. Sent from another Paypal user, either personal transfer or bought something from you online via Paypal.


tifosi
post Nov 25 2011, 11:26 AM

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This post has been edited by tifosi: Nov 25 2011, 11:32 AM
ronnie
post Nov 25 2011, 11:33 AM

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QUOTE(xjeez @ Nov 25 2011, 11:16 AM)
2. Sent from another Paypal user, either personal transfer or bought something from you online via Paypal.
*
So you can indeed get cash with 2 PayPal users helping each other.

User A links his PayPal to Maybankard 2 AMEX
User B links his PayPal to Maybankard 2 AMEX
User A transfer PayPal funds (>RM400) to User B
User B transfer PayPal funds (>RM400) to User A

User A withdraw RM from PayPal
User B withdraw RM from PayPal

User A & User B MUST TRUST EACH OTHER
maru
post Nov 25 2011, 12:12 PM

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QUOTE(ronnie @ Nov 25 2011, 11:33 AM)
So you can indeed get cash with 2 PayPal users helping each other.

User A links his PayPal to Maybankard 2 AMEX
User B links his PayPal to Maybankard 2 AMEX
User A transfer PayPal funds (>RM400) to User B
User B transfer PayPal funds (>RM400) to User A

User A withdraw RM from PayPal
User B withdraw RM from PayPal

User A & User B MUST TRUST EACH OTHER
*
wow not bad....

i still havent utilize this month 5% rebate....

anyway if use like that....u can earn the AMEX points, am i rite?

so i do like sure earn lots of point? anyone did it?

really brilliant idea
hiansitt
post Nov 25 2011, 01:20 PM

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QUOTE(ronnie @ Nov 25 2011, 11:33 AM)
So you can indeed get cash with 2 PayPal users helping each other.

User A links his PayPal to Maybankard 2 AMEX
User B links his PayPal to Maybankard 2 AMEX
User A transfer PayPal funds (>RM400) to User B
User B transfer PayPal funds (>RM400) to User A

User A withdraw RM from PayPal
User B withdraw RM from PayPal

User A & User B MUST TRUST EACH OTHER
*
pls include all the charges incurred as well.. smile.gif
digilife
post Nov 25 2011, 01:30 PM

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if i use my MC today and the transation get posted tomorrow/Sunday, will it get the rebates of the weekend spending?

thanks
SUSDavid83
post Nov 25 2011, 01:36 PM

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QUOTE(digilife @ Nov 25 2011, 01:30 PM)
if i use my MC today and the transation  get posted tomorrow/Sunday, will it get the rebates of the weekend spending?

thanks
*
It follows transaction date not posting date.
celaw
post Nov 25 2011, 01:41 PM

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QUOTE(ronnie @ Nov 25 2011, 12:33 PM)
So you can indeed get cash with 2 PayPal users helping each other.

User A links his PayPal to Maybankard 2 AMEX
User B links his PayPal to Maybankard 2 AMEX
User A transfer PayPal funds (>RM400) to User B
User B transfer PayPal funds (>RM400) to User A

User A withdraw RM from PayPal
User B withdraw RM from PayPal

User A & User B MUST TRUST EACH OTHER
*
QUOTE
Debit/Credit Card Fee

2.9% of total amount sent plus $0.30 per transaction (the sender decides who pays this fee).

Outside the US

Small fee of 0.5% to 2% (depends on destination) when fully funded with bank account or PayPal balance. 3.4% to 3.9% if paying with a credit or debit card.
But it is worthwhile as 5% rebate already more than enough to cover the fees and u earned 5x pts somemore smile.gif

This post has been edited by celaw: Nov 25 2011, 01:47 PM
maru
post Nov 25 2011, 02:11 PM

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How am I suppose to take back out the money
hiansitt
post Nov 25 2011, 04:28 PM

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QUOTE(digilife @ Nov 25 2011, 01:30 PM)
if i use my MC today and the transation  get posted tomorrow/Sunday, will it get the rebates of the weekend spending?

thanks
*
bro, MC din have any rebate... AMEX have


@celaw
what i see is actually 3.4% +rm2 sos cili
and still not sure whether any other charges..


This post has been edited by hiansitt: Nov 25 2011, 04:37 PM
ronnie
post Nov 25 2011, 05:45 PM

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we need to get a PayPal expert in here to see whether worth it to get 'special cash advance from Maybankard 2 AMEX'
Human Nature
post Nov 25 2011, 06:50 PM

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QUOTE(ronnie @ Nov 25 2011, 05:45 PM)
we need to get a PayPal expert in here to see whether worth it to get 'special cash advance from Maybankard 2 AMEX'
*
We need to find out whether sending payment as personal gift from a malaysian account to another malaysian account in RM has any charges to either party.
alexwsk
post Nov 25 2011, 06:53 PM

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QUOTE(Human Nature @ Nov 25 2011, 06:50 PM)
We need to find out whether sending payment as personal gift from a malaysian account to another malaysian account in RM has any charges to either party.
*
1) u can't send RM through AMEX
2) sending payments to malaysia registered paypal acc only can be done in RM
3) the recipient has to pay a receiving fee, couple with high amex forex charges, means the 5% is gone
4) keep sending personal payments to the same acc and paypal will investigate

i would have done it long time ago if it's worth while, i had both malaysian and US paypal accounts

This post has been edited by alexwsk: Nov 25 2011, 06:55 PM
MilesAndMore
post Nov 25 2011, 07:07 PM

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QUOTE(tifosi @ Nov 25 2011, 10:06 AM)
The Starbucks 10% offer I got is from April this year where I didn't use the card for the first 2 weeks after obtaining it. They sent a postcard saying that if I use RM 50 and above within X number of days, I will get the voucher. This is like 6 months ago laugh.gif
Oh, so that's the one ? My mom received the same card too and i just remembered about this offer a few days ago. Told my mom i will help her to write in and file a complaint. Well, will wait for a few more days then biggrin.gif


QUOTE(tifosi @ Nov 25 2011, 10:06 AM)
Check the exchange rate different. You may lose the exchange rate conversion cause Paypal gives pretty low conversion rate from USD back to MYR. The rate I usually get is 0.1 lower than what they advertised on XE.com.
MBB2 rate is even lower biggrin.gif

rjb123
post Nov 25 2011, 07:44 PM

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So it looks like for rewards and if you spend more than RM1K per month , this is the cards to go for at the moment? I can now apply to other card apart from the HSBC I have now, hopefully can apply by next week and get it approved smile.gif
Human Nature
post Nov 25 2011, 08:30 PM

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QUOTE(alexwsk @ Nov 25 2011, 06:53 PM)
1) u can't send RM through AMEX
2) sending payments to malaysia registered paypal acc only can be done in RM
3) the recipient has to pay a receiving fee, couple with high amex forex charges, means the 5% is gone
4) keep sending personal payments to the same acc and paypal will investigate

i would have done it long time ago if it's worth while, i had both malaysian and US paypal accounts
*
awww...too bad. No loophole biggrin.gif
dopp
post Nov 26 2011, 11:26 AM

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Which card more worth it for ebay buying?
Should use my maybank 2 card visa for better rate or wait till weekend and transact using maybank 2 card Amex for 5x and rebate?
hiansitt
post Nov 26 2011, 12:04 PM

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amex with paypal.. then use it in saturday night or sunday i presume.. smile.gif
realone
post Nov 26 2011, 03:25 PM

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M2card amex gold accepts shell @ batu berendam, Melaka.


SUSvanderbilt
post Nov 26 2011, 06:06 PM

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I noticed Maybank has revised the design of the Maybankard 2 Platinum slightly when my gf received her cards.

The writing 'Platinum' on top right for both cards are now in capital letters.

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