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

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jchong
post Dec 7 2011, 06:05 PM

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This is an excellent thread for info on the Maybank 2 Cards. Thanks to Gen-X for starting it. I'm also thinking of this 2 Cards thing and have been doing some reading. A few questions:

1. Seems to me the best benefit is the 5x TP when using the Amex card. So of course the idea is to use the Amex as much as possible. Is this 5x TP applicable with any spending, incl petrol, utilities autopay, etc? In the blog it says:

QUOTE
The American Express Gold Credit Card which was launched after mid 2009 on the other hand doesn't give cash back directly, but instead it offers 5X Membership Reward Points for Petrol, Utility Bills, Groceries and at Bookshops and all other transactions get 2X points.


2. Next benefit is the 5% Weekend cash back when spend on Maybankard 2 American Express Card capped at RM50 per customer per month. Is this applicable with any purchase at any store? In Malaysia only or also includes overseas/internet transactions? This 5% weekend cash back is on top of the usual 5x TP right?
jchong
post Dec 7 2011, 10:55 PM

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QUOTE(MilesAndMore @ Dec 7 2011, 06:38 PM)
Yes. Everything.
In Malaysia as well as overseas and internet transactions. And yes, you'll still get the usual 5xTP on top of the 5% weekend cash rebate.
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Thanks for the clarification.
jchong
post Dec 7 2011, 11:03 PM

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[quote=Gen-X,Dec 7 2011, 07:58 PM]
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[/quote]

jchong,

This is American Express Gold Credit Card
user posted image

This is Maybankard 2 American Express Gold card
user posted image
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[/quote]

I see. Thanks for illustrating the difference.
jchong
post Jan 2 2012, 05:07 PM

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QUOTE(overclockkk @ Jan 1 2012, 11:48 PM)
As per AMEX exchange rates.. I think not big different. unless u charge for a car
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Anybody know if the Amex forex rates are better or worse than Visa/Master?
jchong
post Jan 2 2012, 06:05 PM

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QUOTE(mengsuan @ Jan 2 2012, 05:39 PM)
Definitely worse. It's a safe enough assumption.
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Yeah, I just looked back at my records and did some rough analysis.

It seems Mastercard has a surcharge about 0.8% - 1.0% on top of the forex rate. Whereas Amex is 2.6% - 2.9% surcharge! So you get billed higher in RM with Amex and I guess this is where they can afford to give you 5x TP. So my conclusion is that for Internet transactions the Amex 5x TP is only a very marginal benefit.
jchong
post Jan 3 2012, 07:40 AM

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QUOTE(MilesAndMore @ Jan 3 2012, 01:18 AM)
Using MBB2 AMEX to pay for a payment in foreign currency is better if you can be certain that you'll get the weekend 5% rebate + 5x TP.
When I asked, they said internet transactions don't qualify for weekend 5% rebate. To qualify the card must be swiped.
jchong
post Jan 4 2012, 04:04 PM

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QUOTE(Gen-X @ Jan 3 2012, 08:59 AM)
this has been discussed many times before and I have mentioned in Post#2 that many reported that they don't earn the 5% cash back with their online transactions as it depends on the timing the merchant processes the transactions.

Actually hye did start a thread just for the purpose to identify which online merchant does earn us the 5% cash back click here to read more. fruitie is one of the few people who have taken the trouble to share with us that she did get 5% cash back for Pay Pal and flickr. Important thing to note also, for overseas transaction, you have to take into account the different timezone. Hopefully all members who transact with their MBB 2 AMEX on weekend can update in this said thread to benefit others.

I guess if you frequently do online transaction with a particular merchant, it may be worthwhile trying out a transaction with them on a Saturday or Sunday to find out if you do earn 5% cash back (you have to take note of the time difference too).
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Haha, trust you have to be best info on this topic. I'll read that thread to know more.


QUOTE(MilesAndMore @ Jan 3 2012, 10:17 AM)
I can tell you they are so wrong. Internet transactions do qualify for the 5% weekend cash rebate but as Gen-X said, it all boils down to the transaction date + posting date of your payment.
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I'm glad they are wrong.
jchong
post Jan 5 2012, 07:57 PM

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QUOTE(desmond_fantasy @ Jan 5 2012, 04:31 PM)
Me used CC at Singapore no additional charges.... biggrin.gif
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Are you sure there are no additional charges? It is normally factored inside the exchange rate, so you must compare your actual rate vs a known reference to see whether there is any service charge. Normally there is.
jchong
post Jan 6 2012, 01:53 PM

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QUOTE(desmond_fantasy @ Jan 6 2012, 08:55 AM)
From what i see is the exchange rate is the same as the bank.....i think in SGD1=RM2.45. It is even cheaper than some of the FOREX counter.... tongue.gif
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The bank's sell rate to you already includes their fee/profit element. You need to compare to something else like XE or the MasterCard site: http://www.mastercard.com/global/currencyc...sion/index.html
jchong
post Jan 7 2012, 08:12 AM

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QUOTE(MilesAndMore @ Jan 7 2012, 01:06 AM)
It's 3% (0.5% + 2.5%). This information was given by an AMEX user. You can refer to the back of you AMEX statement if you are currently using an AMEX charge card.
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Hi,

1. Where does that extra 0.5% come from? The T&C only mentions 2.5%.

2. Is the AMEX charge card the same as the AMEX Maybank2 Card?
jchong
post Jan 7 2012, 12:27 PM

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QUOTE(MilesAndMore @ Jan 7 2012, 10:03 AM)
0.5% from Maybank and 2.5% from AMEX. Anyway, idoblu has confirmed this too.


Ok. Does this 0.5+2.5% then apply to the Amex charge card or the Amex MBB credit card or both?
jchong
post Jan 7 2012, 09:18 PM

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QUOTE(MilesAndMore @ Jan 7 2012, 05:14 PM)
OMG! No wonder they are so good to offer 5xTP for all overseas transactions for MBB VI. Got us all happy for nothing. I am so keen to get this card (long shot but definitely in my to-get list)  vmad.gif


But in his blog post, the analysis shows the fee only 1.25%. So perhaps not as bad as we think?

Perhaps the next test for overseas transaction is MBB Amex vs MBB VI. Do it on same day and see which has better conversion rate (since both also 5x TP).
jchong
post Jan 8 2012, 10:49 AM

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QUOTE(Gen-X @ Jan 8 2012, 02:44 AM)
ixole and jchong, you guys just did some transactions right, please share the details.
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My transactions are posted on the other thread.
jchong
post Jan 8 2012, 06:02 PM

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QUOTE(Gen-X @ Jan 8 2012, 02:45 PM)
saw your latest post on MBB MC and MBB 2 AMEX overseas conversion rates, info should be of use great use to zenquix.

Must say a BIG Thank You to you for sharing the transactions for the benefit of others.

It can be observed that with MBB2 AMEX, we are paying about 3% more for the conversion. From your own point of view and with 5X TP with AMEX, which card woild you go with.
No problem. I also learned a lot from the sharing by others here, so similarly I hope my sharing can help to improve the knowledge for everyone.

Yup, with MBB 2 AMEX the conversion is about 2% more than MC. So that extra 2% does offset a lot of the "benefit" of the 5x TP. However, I think there is still a slight advantage with AMEX. I did one theoretical example below. Hope my calculation is correct. Any mistake please highlight to me.

Attached Image

This post has been edited by jchong: Jan 8 2012, 06:04 PM
jchong
post Jan 8 2012, 09:53 PM

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QUOTE(hye @ Jan 8 2012, 06:39 PM)
Not all MBB Visa and MC points system are the same.


What do you mean by this? You mean the redemption is not the same?

QUOTE
The Premier cards have a 5x multiplier similar to AMEX cards.
And the Premier cards (both VISA and Mastercard) are not subjected to AMEX extra "fees".


When you say premier cards you mean like VI and WMC?

Yeah, their 5x TP for overseas spending is very attractive especially if their conversion fees are lower compared to Amex. But since I've got neither I can't compare.
jchong
post Jan 9 2012, 05:43 PM

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What's the best voucher to redeem with TP? I think it is Parkson voucher, 9300 TP = RM50. Or got other better things to redeem?
jchong
post Jan 9 2012, 08:03 PM

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QUOTE(roger roger @ Jan 9 2012, 05:47 PM)
parkson voucher no gooding, always chop expirly date like 5 days or 7 days left. unlike jusco. Hence, i save my 100k and growing for the next treats fair.


Actually Parkson voucher is valid for 1 year. Jusco has no expiry.

Anyway, I found that Metrojaya voucher and Robinsons voucher is RM50 for 9000 TP.
jchong
post Jan 9 2012, 09:54 PM

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QUOTE(cempedaklife @ Jan 9 2012, 08:37 PM)
Hushpuppies voucher Lagi lesser. 8500TP if not mistaken. But I still thinking to redeem my soon to be 10k TP with the GST at the end of month. Though higher TP for same rm50 value, but with GST I no need incurred more expenses as oppose to voucher. Coz I seldom shop for needs with those outlet that give rm50 with > 10k TP.
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For me department store vouchers are better since got more choice of goods to buy. Hush Puppies is much more limited selection, unless you have something specific to get from that brand.

Redeem TP for GST also good idea.
jchong
post Feb 2 2012, 08:29 AM

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QUOTE(asdzxc @ Feb 2 2012, 08:23 AM)
I thought Dell will ask for ur CCV in order to purchase online??
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There is a difference between giving your credit card details online via website (normally secured by https) vs typing it in an email and sending.

If you give it via website it might be processed automatically by the system, the sales person does not get to see your card details. You send it by email, the sales person will see it. If he wants to, he can copy and paste it or forward to others.
jchong
post Feb 8 2012, 05:55 PM

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QUOTE(zenquix @ Feb 5 2012, 10:00 AM)
as long as the country of transaction is not MY (Malaysia) then it is considered an overseas transaction. So it depends on the country that processed the payment.

Before you make payment next time look out for an option where paypal either does the forex for you (hence the transaction in RM + bad rates) or to let the banks do it for you.

do share once your statement comes.

edit: typo tongue.gif
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Going back to Paypal, recently made a payment using it. I have 2 cards linked to Paypal, a MBB2 AMEX and MBB Visa.

The transaction was in USA. When I chose the MBB2 AMEX the payment was quoted in USD. When I chose the MBB Visa the payment was quoted in RM. How come this happens? Is it because there is a tighter integration with Visa such that it can take the live quote and do conversion there and then?

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