10% rebate on interest charged,
seems like encouraging user to be in debt...hmm

but 5% online retail amd 2% petrol seems not bad as a back-up card
no annual fee too

but does this mean?
Finance Charge for Retail Transaction

The charges are:

1.25% per month or 15% per annum if you have promptly settled your minimum payment due for 12 consecutive months
1.42% per month or 17% per annum if you have promptly settled your minimum payment due for at least 10 months in a 12-month cycle.
1.50% per month of 18% per annum if your payment record is not within either (a) or (b) above.

............................

so is it better than ocbc 1% unlimited?

This post has been edited by candysiew: Aug 4 2014, 09:52 AM

i think they have to. if not every1 will be claiming that their card is 'lost' to get a new one. whether accidentally destroy it or damaging it due to own carelessness.

apple store malaysia do manual processing..
if they didnt call you to verify your card on weekend, it will not be process until they call u..
but still, using amex is a better option..if cant get 5% rebate, you still have 5x TP..

use amex, lower exchange rate than visa and you will get 5x TP too..

good choice on the FD..CIMB is offering 3.4% interest p.a. now..
but do they have good card to begin with?

and do not open SA account as they have annual fees...

I'm using BSA 1. No annual fee for the ATM card.

URL: http://www.cimbbank.com.my/index.php?ch=cb...&tpt=cimb_bank#

For CC, no idea yet. Haven't doing any research.

what about master exchange rate?

same, amex still better...because got 5x TP..if weekend of course get 5% but hard to control with amazon purchase as they only charge to card when they shipped..
u can head to this thread to see more information...

https://forum.lowyat.net/topic/1845691

I thought AMEX exchange rate is not as good as visa... thing changed?

yea..thing changed

Exchange rate for both are more or less the same. The problem here is the 'add on' for foreign trnx. For AMEX trnx, a single charge of 2.5% by AMEX, bank do not charge. For Visa trnx, a charge of 1% by Visa and 0.5 % by Maybank.

this doesnt make sense..based on your info..

AMEX = 2.5%
Visa = 1.5%

but the comparison i get is AMEX rate is lower than Visa..
perhaps Visa fees already increase for mbb card?

I agree with you....

Hmm.. I'm not sure if they change the rate, but this is the rate observed...
https://forum.lowyat.net/topic/1845691

sorry as i'm confused....
if based on that site:

- Maybank VISA/MasterCard : 1%
- Maybank American Express with Maybank logo on top : 2.5%

so, VISA and MC should be lower rate right?

but why you guys still insist AMEX is better?

is it coz by the 5% rebate on weekend?
if on weekdays....VISA/MC better?

below are my transactions.

VISA


AMEX


so you decide yourself

hmmm....this explain why.....thanks..

For USD, Amex may be better. It is after all AMERICAN EXPRESS
For other currency, it is best use VISA/MASTER, as Amex will always convert the currency to USD then convert back to MYR which most of the time get lower rates.

it is the same for SGD as well...
AMEX still lower than VISA...

and some other people do report for EUR as well..
same result..AMEX better result

Thanks for the info. I always thought AmEx is higher compared to VISA or MC.
Not sure if this applies for PayPal as well? Though most of the time I purposely wait until weekend to purchase stuff online and charge them to PayPal which is linked to my AmEx though.

if you use the exchange rate by the cc rather than paypal rate, i think the result would be the same as the rest of online transaction