QUOTE(erry- @ Oct 12 2011, 04:14 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.

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.
This post has been edited by CP88: Oct 18 2011, 04:43 PM