page added https://www.maybank2u.com.my/maybank2u/mala...united0820.page

This post has been edited by cybpsych: Aug 26 2020, 07:37 PM

https://www.maybank2u.com.my/maybank2u/mala...rglass0820.page

this is normal practice on the conversion

usually for banks/financial institutions would face 2 level of conversion/markup:

1) card scheme (visa/mastercard/amex/etc) will first convert from foreign currency --> card's currency (in this case, MYR)
2) banks/FIs will normally mark-up a certain % on top of the converted amount in MYR. this is to reduce the forex gap when the txn is posted. the gap can be a gain or loss to the banks/FIs.

bigpay or maybank mae debit card or some other FIs who sell their card features as "competitive rate" or "zero markup", usually play around with the mark-up %. they couldnt go lower than the forex converted by the card scheme

why would any bank willing to bear the forex?

they just pass it down to cardholders.

with the nature of card processing, trx date and posting date will cause forex gap.

^^^

above

above

Promotion was from 15 September 2019 - 29 February 2020

by invitation https://www.maybank2u.com.my/iwov-resources...hpoints_tnc.pdf

should be no

the question was about TP reversal, not earning.

also, no TP for converted-transaction (monthly installment), not the original transaction which still can earn TP.

IRB = government

does the card award cashback/points for govt payments?

apply from here https://www.maybank2u.com.my/maybank2u/mala...ds_listing.page