Bro, just for the heck of it, I did some comparison between Credit Cards versus Bank TT versus Money Changer (Mid Valley) vs Spot Rate

From the attached image:

AUD/MYR Spot Rate on 22 December 3.30pm - 2.8385

AUD/MYR Bank TT on 22 December 3.35pm - 2.8897. Diff between Spot Rate 1.8%!

AUD/MYR Money Changer on 22 December 3.32pm - 2.892. Diff between Spot Rate 1.885%!

Right now AUD/MYR Spot Rate - 2.8342, down from 3.30pm

From above example, better to TT because we get discount off the bank's official rate when converting more than RM20K.,


What about Credit Card? From Money Master website, i.e. Money Changer at Mid Valley, on 12 December, AUD/MYR 2.935

Well, I did 2 transactions on 10 Dec and both posted on 12 December.

AMEX RESERVE AUD/MYR - 2.99. Diff versus Money Master - 1.87%
MBB VI AUD/MYR - 2.98. Diff versus Money Market - 1.53%

So from the above, using MBB VI or MBB AR credit cards we are still paying more BUT not necessarily 2.5% extra for AUD/MYR case (for USD may be a complete different story as Money Changer Rate very close to Spot Rate) because no way we can get Spot Rate.

This post has been edited by Gen-X: Dec 22 2014, 06:52 PM


Attached thumbnail(s)

Yes, if RM happens to strengthen while we overseas and use our CC, that's the best

Bro, I went and did the comparison because I remembered when I transacted with my AR and VI in December, AUD/MYR spot rate was already 2.8xxx and I was surprised to learned I was imposed 2.98/2.99 for my transactions posted on 12 December (which is more than the rate I TT back in August 2014).

Anyway, by doing the comparison, I can tell myself that I am only "paying extra" of around 1.5% to 1.8% instead of 2.5% like what is stated in MBB T&C, haha

Same thing when you go redeem on the spot at merchant, Always check were they deducting the points from. See their computer screen and confirm card number before they press ENTER!

Why you so busybody ask personal questions? One question not enough must ask 3 some more.

I also busybody, so asking you a question - You still chasing after post count ar? hahahaha

sms2u, if you got nothing to contribute, stop spamming in Finance Section by posting questions that are irrelevant! Waste my bloody time reading your posts which are 90% irrelevant/repetitive questions and 9.99% copy and paste other people's work without giving them credit and maybe only 0.01% of your posts in Finance Section are actually informative.

This post has been edited by Gen-X: Jan 12 2015, 02:00 PM

You sharing information and giving guidance, hahahaha. From what I have been reading from your hundreds of questions (when it has been answered over and over again) here in Finance Section, you, sms2u are one of the blur-est persons and of course the No.1 Spammer in Credit Card Section.

Bro, like I said you blur-est person in Credit Card Section. Simple math also don't know and want to give guidance to others. Zero means nothing lah!!!

It is a fact that you are now after post counts again. It is so obvious that you stopped posting as smsbusiness2u and started another username with sms2u. This new username joined in December 2013 and today got 500+ posts!!!! But it is not surprising how you got so many posts in such a short time as you have spamming every where in the Finance Section instead of just sticking to Garage Sale where you got no post count.

hahahaha, and you admitted you No.1 Spammer in Credit Card Section. And of course you will reply this post because you after post counts, hahaha

To ALL: over the years, many con men (including sellers at garage sale) have come to Credit Card section and post for the simple fact to get post counts so that they can give the impression to others that they are members that contribute.

and this sms2u is the top spammer known as smsbusiness2u previously.

This post has been edited by Gen-X: Jan 12 2015, 03:02 PM


Attached thumbnail(s)

Apply in April, no more RM50 GST for credit cards - VergonDC gave a link at MBB VS Thread, click here to MBB VS thread, see post #667 and check out the link.

This post has been edited by Gen-X: Feb 16 2015, 02:05 PM

ALL Maybank Credit Cards (non-islamic) will share the same combined CL.

Yes, you will get the same CL as VS.

You sure ar with CL30K can get MBB2 Cards Premier? Got auto upgrade?

After get the CL approved, then only worry about getting the M2CP

Loser pay green fees, buggy and drinks for all

My Free For Life CIMB WMC also gives me FREE Green Fees for years

Maybank 2 years back (or maybe 3 when I only had the stand alone MBB VI) invited me to play golf and this year also..... but I don't play golf and I was constructing a golf course before I quit my job in 2011, hahaha. My ex-boss also gave me a golf set but I got no idea where it is now, haha

Last month I requested 30% increase in my CL as my children tuition fees were to be paid with their Supp VI. Then I wanted to buy a watch where the dealer accepts AMEX plus 0% Installment Plan for Maybank CC. I know I have use up close to my credit limit. So I called Maybank Premier Card CS to check my available credit limit and was told I already overshot my temporary increase in CL by RM10K (and yet Maybank approved my transactions, I really like Maybank).

The watch cost me around RM30K. So, if I want to use my MBB AMEX Reserve, I need at least RM40K increase in CL after taking into consideration of the RM10K I have overshot.

The other option is go bank in immediately RM40K but my funds were stuck.

It was after 12pm when I spoke to MBB CS and I wanted to get the watch before 5pm. Told CS my predicament and requested for RM50K increase in CL. CS said she will inform the relevant department and that I need the temporary CL increase urgently.

And if I want to go with 0% Installment Plan using my AMEX Reserve, I have to bank in more than RM40K into my CC account immediately so that I have available credit limit of RM30K below my normal assigned CL.

But when I reach my watch dealer before 5pm, still no call from MBB, so use my UOB credit card instead for 0% Installment Plan.

At around 6.30pm, MBB called me to inform me they have approved my request, but I told them I already bought the watch. And the lady actually apologized for the delay!!! I should be thanking them for approving the temp increase in CL in just a few hours time. Pretty efficient if you ask me.

Click here to my article A Little Bit Of This and A Little Bit OF That - Volume I, Chapter VIII if you want the long version of the story.

This post has been edited by Gen-X: Mar 25 2015, 10:55 PM

Bro, if you click here to my article A Little Bit Of This and A Little Bit OF That - Volume I, Chapter VIII, not only will you get a longer version of the above story but you'll be informed of the following:

a. those of us Malaysians who holds a Maybank principal credit card are richer than 3.5bilion other people.

b. Maybank Q-Cash a short term deposit product to earn you interest close to 1 Mth FD tenure where you can park your funds before paying your Maybank CC bills.

c. The watch that cost me close to RM30K and was offered a profit of RM1K on the same day.

But if you only want to see the watch, then click here to my Money For Luxury blog and read my short write up on it.

OT.

Thank you Bro for the kind words.

As for own domain, no money to pay for it, hahahaha. Blogspot is FREE but you are right, my GenXGenYGenZ.blogspot was deleted by google because they claim it was generated by a non-human! And worst still, google allowed someone else to reuse it!

To tell you the truth, no idea how to go about getting own domain and design the layout. Blogpspot got many free templates and easy to use. And if google delete my generationsxyz.blogspot, then I guess it is a sign for me to stop blogging

But by me blogging, I have made a few good i-friends

By the way Bro, checkout my Facebook Page, you don't need a facebook account or Like me to see my posts where I update very frequent as compared to my blog. And best of all, very minimal ads, hahahaha

This post has been edited by Gen-X: Mar 27 2015, 02:29 AM

Below posted at Suspicious Telephone Calls Thread. What was the number that called you?

if you currently have a Maybank CC, then like bearbear mentioned, easy, just go to Maybankard Centre and you will be approved their other cards since the credit limit is combined.

However, if you do not own a MBB CC currently and want a MBB CC, you need to submit relevant docs to proof income PLUS declare your liabilities too. However, many here have also managed to get the M2CP by pledging FD if they do not meet the income requirements or self-employed.

Wow! 35K FREE Air Miles! Congrats!

Maybank 2 Cards TP are not transferable to Maybank 2 Cards Premier as the rate for redeeming Enrich is different.

To all:

Recently, I log on to my M2U and saw that I was imposed the RM800 annual fee and 6% GST too for my Maybank 2 Cards Premier. And since I did spend the minimum amount to qualify for auto annual fee waiver, RM800 was instantly credited into my account AND best of all, so was RM48 (6% GST)!!! No need to beg them

Also, just in case for those who are not aware, zenquix posted at Free access to Airport Lounge Thread that Maybank Visa Infinite Supp cards holders are also entitled to UNLIMITED free entries to Plaza Premium Lounge nationwide

I guess you answered your own question Just make sure you trust your Supp card holders 101% where they don't go burst your CL and more importantly they are responsible enough to make sure the card is not lost!

Yes Bro, the VI now got Valet Parking. Now my CIMB WMC also got the same FREE Valet parking but then I read only limited to 500 per month and thought it may not be of any use to me.

Ya loh, Maybank gone crazy......

Really bad news for MBB VS cardholders but not so bad for MBB VI because we started off with 5X FREE entries with the Priority Pass Membership Card, so, with 5X FREE entries to PPL nationwide, not too bad.

Aiyah, I cancelled my stand alone VI few months back. Maybe I should go and get it reinstated so that I can get another 5X FREE entries with the card to PPL + another 5X FREE entries with the PPMC. Then combined with the Maybank 2 Cards Premier, I will have 20 FREE entries, hahaha.