The key to your question is who offers better forex rate. Some money changer offer rip off rate so in this instance you are better off with credit card. But if the money changer offer wholesale rate, then you might want to use cash.

But there is only so much cash we can carry to spend oversea.
The key still lies on credit card when spending oversea.

question; is the miles worth paying 2.5% for it?

say RM 10k equivalent to RM250 extra for 11k miles.

there is no limit on carry your cash to oversea..
just when arrival, you need to declare your money..

I thought Malaysia Gov only limit us to bring maximum USD10,000 out from the country? no?

http://www.customs.gov.my/index.php/en/com...ent/article/244

ok..enough out of topic already..
back to the topic or mod not happy..

if you need more info..PM me..

hi guys, want to ask some guidance here.

I'm currently using MBB 2 Card Plat. Majority of my purchases are for company purchase which runs about 2-5k a month. This is excluding my own expenses. including own expenses, my bill every month is around 6k, sometimes more. I'd like to apply for the 2Card premier considering that the benefits behind it.

However, my annual income does not meet the requirement. I read that it's possible to do FD pledge to get this card. How do you guys go about it? Call the card center or walk in to the bank? What's the minimum about required to pledge?

Anyone tried asking for waiver of the annual fees if spending is less than 80k? lets say annual usage around 60k, would they waive the annual fees?

This post has been edited by raist86: Dec 5 2014, 11:07 AM

You need to apply the card 1st and mention you are willing to pledge for FD in the application form. You can go card center or branches. I would recommend card center as they know better than officer in branch.

minimum pledge would be RM30k. Since you have MBB2 card, the pledge will be lesser than RM30k. Refer to calculation as below.

(Minimum Pledge) - (MBB2Card Total Credit Limit) = Your pledge amount
e.g
30000 - 10000 = 20000
Your pledge amount would be RM20k.. so it will depend much on your currenct credit limit on ur MBB2card


This card just launch this year, so nobody can answer about waiving the annual fees.
If you just use the card for 6k annualy, i don't see what benefit you can get from the card..

why dont use 1k max on MBB2 Plat to maximise your RM50 cashback, then the rest all charged into MBB2 Premier..
this way you have much better chance to hit 80k..

sorry typo on annual usage of 6k. It's 60k. Depending on time, may even exceed up to 100k cos of company expenses (flight tickets & etc).

Thanks for the advice. Will submit application to the card center in Gardens.

This post has been edited by raist86: Dec 5 2014, 11:20 AM

my experience diff a little, i went to 1U card center and the staff told me it has nothing to do with them as you need to pledge FD with a branch.

My experience (if you are ok with default 30k credit limit)

1. Write a letter to MBB, send by e-mail stating your willingness to pledge fd and ask them to advise how much to pledge
2. Wait for an official letter from MBB mail to your address
3. Bring the letter to a branch, pledge FD and pay RM10

Worse case just cancel it if they refuse to waive. 60k you already earn 67 Enrich Miles for free. Assuming you get 5xTP for the full 60k.

Call to CS last night, EM point in today, quite efficient.

One way ticket done, waiting enrich promotion (if any), meanwhile collecting return points.

Maybank Singapore Visa infinite is so much better design than Malaysia one.

Maybank Indonesia visa infinite



This post has been edited by kinabalu: Dec 15 2014, 08:08 PM

Today receive a call from CS, she explain to me how to spend in order to eligible for the free air miles, which I sent a sms few month back, something like spend 50k for 15k airmiles.

Then I ask her, are you calling to congratulate me for winning that? She say no, she calls to explain how am I going to spend to make myself eligible for it, LOL

Before hang up, she ask if any of my friend want to sign up new card, can call her.

Gimme her phone no..hehehe

PM me too plsss thanks

Yes, always tell them you want to pay in their currency and not RM. Especially if you are in Macau shopping. In Australia generally (restaurants and supermarkets) they don't ask and payment automatically in AUD but whenever I am getting stuff at Harvey Norman, I will specifically tell the cashier I want to pay in AUD as their terminal allows payment in RM.


If you are talking about cards that earn you 1X point - Use cash.

If you have Maybank 2 Premier Cards where you earn 5X points and you collecting Enrich Miles, then go with Maybank VI or AR

Bro, if compare to Visa International's rate, then around 2.5%; BUT if compare to spot rate, then we talking about extra 3.5%

But then again, money changer also charge about 1% so net net like you say 2.5% extra with card.

And with 5X points we also get back equivalent 2% in cash voucher, so with card still need to pay "more".

As for miles worth the 2.5%, for economy most probably NO (except maybe London or for destinations where AirAsia do not fly to). For business class yes. For first class, definitely. And if got 50% EM Sale, no brainer, Economy also very good.

I did manage to use both the VI and AR on the same day in Melbourne on 10 December and both posted on 11 December. VI 2.98 and AR 2.99. So VI better. Having said this, if compare to spot rate, I am paying more 3.75% (based on investings.com interactive chart) more for both cards compared to spot rate!!!!

To ALL:

Coming back to bearbear question - worth while to pay 2.5% or even the 3.75% mentioned in above replies:

Say spend RM100K overseas, that means have to burned RM3750 on top of spot rate (worst case).

Get to redeem RM2000 worth of cash vouchers with 500K TP, so still loosing RM1,750.

With RM100K spending, also can get to redeem 111K Enrich Miles with Maybank 2 Cards Premier VI or AR.

CASE 1

I just checked, KL London Return on Business Class - depart KL 18 Jan and depart London 26 Jan, total need to pay RM14,950 versus

EM redemption 93500 for Business Class KUL/LHR return PLUS RM2676 tax for the same dates.

Therefore the difference between paying cash and redeeming for the "Free" Business Class is RM12,274.

In other words, spend RM100,000, we save RM12,274 (or 12.27% returns) for a return Business Class KL London. So you tell me worth while to "pay" the extra 3.7% with credit card?

And if pay the RM2676 TAX with our AR, can get about RM50 cash voucher somemore, hahaha.

CASE 2

111,000 Enrich Miles can also redeem for 2 return Economy class KL London.

For Economy, return ticket KL/LHR total RM8188 for 2 PAX versus Redeem 102,000EM for same 2 economy return tickets need to pay RM3076 Tax. Diff RM5112.

From above CASE 1 and 2, for spending of RM100K, once again, better to redeem for Business Class ticket versus Economy Class ticket.

Want to see more examples - click here to my Comprehensive Review of the Maybank 2 Cards Premier where I will show you cases where it is not worthwhile to redeem for FREE Economy class tickets and better to just redeem the TP for cash vouchers.

And guys, check my blog on 18th December @ 11.18am where my very first guest columnist will present his review of the AmBank World MasterCard and you get to see that the AMBank overseas transaction conversion rate is way better than our MBB VI.

This post has been edited by Gen-X: Dec 17 2014, 01:23 AM

+60372263900

Unfortunately, I forgot her name, don't bother to remember or jot down too haha

to be exact, you only save RM8524 since you not yet include the 3.7% 'extra charge'
anyway, saving RM8524 still better than nothing..

but there are on going promotion where you buy economy class and bid for business class for MAS..but not guarantee to get as it subject to available business class seat and higher bidder..
why not use the RM6000 or more to bid..saving even more

haha, so I conclude from your first paragraph you agree it is worth while to use Maybank 2 Cards Premier VI and AR overseas.

Bro, as for your second paragraph, say we use Case 1 and 2 mentioned above:

CASE 1 - One Business Class ticket redeem using EM need to pay RM2676 TAX PLUS "invincible" RM2700 (net 2.7% CC Surcharge after considering 1% imposed by bank or money changer for Cash) = RM5400

CASE 2 - One Economy return ticket KL/London RM4094 including taxes.

EDITED

Diff in RM Case 1 - Case 2 = RM1306

Therefore, if one does spend RM100K overseas with CASH (versus using the Maybank 2 Cards Premier VI or AR overseas), one's bid should not be more than RM1306 (including paying for any additional taxes/surcharges if applicable) to upgrade from Economy to Business Class, else he/she will be forking out more money - RETURN not one way!

Actually for apple to apple comparison, may only need about 74000 Enrich Miles to upgrade from Economy to RETURN Business KL to Europe, i.e. spend RM66.6K. So 2.5% of RM66.6K = RM1650.

Add RM1650 to the Economy Class ticket RM4094 = RM5744. Please note I have yet to include any additional taxes. So adjusting for this, one should even bid for less than RM1650 else forking out more money - RETURN not one way! What are the probabilities we can upgrade for only RM1K one way London to KL

Please note from above, I guess it answers some people questions about upgrade using EM - better to redeem in FULL for Business Class if you have enough to spare versus upgrade; but the difference in cost not substantial.

And for LOCAL spending, make sense to use our CC since no FOREX Fee. So if one spends RM100K with the AR locally, it's an entire different story. Redeeming for the Business Class return ticket KL/London total net cost RM2676 versus paying RM4094 for Economy Class ticket!!!

This post has been edited by Gen-X: Dec 17 2014, 11:00 AM