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Fortunekl
post Jul 21 2018, 10:35 AM

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QUOTE(Lego Warfare @ Jul 20 2018, 07:28 PM)
That was long long ago. Education now only gives 1x point,
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As I know overseas transaction all 5X tp
limeuu
post Jul 21 2018, 10:49 AM

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QUOTE(randomted @ Jul 17 2018, 09:29 PM)
just wondering, if i paid for education in foreign country does it consider as x5 treat point or x1
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all foreign currency transactions, or transactions conducted overseas, even if in myr, are given 5 points...
Lego Warfare
post Jul 21 2018, 01:32 PM

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QUOTE(Fortunekl @ Jul 21 2018, 10:35 AM)
As I know overseas transaction all 5X tp
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QUOTE(limeuu @ Jul 21 2018, 10:49 AM)
all foreign currency transactions, or transactions conducted overseas, even if in myr, are given 5 points...
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No, like I said

“Hi David, please be informed that the points collection for education institution (local or overseas) will be the same. Thank you.”

From Maybank
limeuu
post Jul 21 2018, 01:49 PM

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QUOTE(Lego Warfare @ Jul 21 2018, 01:32 PM)
No, like I said

“Hi David, please be informed that the points collection for education institution (local or overseas) will be the same. Thank you.”

From Maybank
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That is not my experience....fees paid for Australian universities in AUD were taken as foreign transactions and awarded 5 points....
Lego Warfare
post Jul 21 2018, 02:23 PM

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QUOTE(limeuu @ Jul 21 2018, 01:49 PM)
That is not my experience....fees paid for Australian universities in AUD were taken as foreign transactions and awarded 5 points....
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How long ago was that?
limeuu
post Jul 21 2018, 02:35 PM

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QUOTE(Lego Warfare @ Jul 21 2018, 02:23 PM)
How long ago was that?
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Last payment march this year...
Lego Warfare
post Jul 21 2018, 03:23 PM

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QUOTE(limeuu @ Jul 21 2018, 02:35 PM)
Last payment march this year...
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Ohh that was recent. Online payment?
Can’t think of any reason except merchant code for the gateway payment is not under education lol
limeuu
post Jul 21 2018, 03:28 PM

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QUOTE(Lego Warfare @ Jul 21 2018, 03:23 PM)
Ohh that was recent. Online payment?
Can’t think of any reason except merchant code for the gateway payment is not under education lol
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Online

The merchant code will NOT be that used for Malaysian education establishment, as that is a local designation....it will show up simply as a foreign currency transaction overseas....
Lego Warfare
post Jul 21 2018, 04:47 PM

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QUOTE(limeuu @ Jul 21 2018, 03:28 PM)
Online

The merchant code will NOT be that used for Malaysian education establishment, as that is a local designation....it will show up simply as a foreign currency transaction overseas....
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Merchant code is ISO standard, so it is international. Nothing to do with local designation...

https://en.wikipedia.org/wiki/Merchant_category_code
https://en.wikipedia.org/wiki/ISO_18245
Wongchoy
post Jul 21 2018, 05:02 PM

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Paying kindergarten fee in SG using M2P VI and got 5xTPs as well.
limeuu
post Jul 21 2018, 06:56 PM

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QUOTE(Lego Warfare @ Jul 21 2018, 04:47 PM)
Merchant code is ISO standard, so it is international. Nothing to do with local designation...

https://en.wikipedia.org/wiki/Merchant_category_code
https://en.wikipedia.org/wiki/ISO_18245
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Two information will be captured.... merchant category....and currency/site of transaction.... obviously the currency/site of transaction trump's the merchant category....

The points will obviously be determined by how much money the bank makes from the transaction.... obviously, there is an arrangement with educational establishments in Malaysia for a lower transaction charge....and hence the bank decides to award only 1 point....

Maybank makes a lot of money from foreign currency transactions, with the exchange being about 2% over visa rates....so there will is no need to reduce points....

The "gst" value of Maybank treats points is 0.2sen....so 5 points means 1 sen "rebate"....ie 1% rebate from myr transaction value....

That hasn't taken into account the transaction fee visa and banks charge.....
Lego Warfare
post Jul 21 2018, 07:26 PM

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QUOTE(limeuu @ Jul 21 2018, 06:56 PM)
Two information will be captured.... merchant category....and currency/site of transaction.... obviously the currency/site of transaction trump's the merchant category....

The points will obviously be determined by how much money the bank makes from the transaction.... obviously, there is an arrangement with educational establishments in Malaysia for a lower transaction charge....and hence the bank decides to award only 1 point....

Maybank makes a lot of money from foreign currency transactions, with the exchange being about 2% over visa rates....so there will is no need to reduce points....

The "gst" value of Maybank treats points is 0.2sen....so 5 points means 1 sen "rebate"....ie 1% rebate from myr transaction value....

That hasn't taken into account the transaction fee visa and banks charge.....
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This has nothing to do with how much Maybank makes in foreign transaction or if they have an arrangement with local education establishment for lower transaction charge.
The point is Maybank already declared education transactions local or overseas as 1 point. That means they also look at merchant code for point awarding system, not just currency/site transaction.

Attached Image

No point arguing with me since this is from Maybank themselves. You can clarify with them.


limeuu
post Jul 21 2018, 08:02 PM

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QUOTE(Lego Warfare @ Jul 21 2018, 07:26 PM)
This has nothing to do with how much Maybank makes in foreign transaction or if they have an arrangement with local education establishment for lower transaction charge.
The point is Maybank already declared education transactions local or overseas as 1 point. That means they also look at merchant code for point awarding system, not just currency/site transaction.

Attached Image

No point arguing with me since this is from Maybank themselves. You can clarify with them.
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The fact remains, you will get 5 points.... irrespective of what the sc staffs say....just trying to explain the facts....

This post has been edited by limeuu: Jul 21 2018, 08:06 PM
Lego Warfare
post Jul 22 2018, 01:44 AM

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QUOTE(limeuu @ Jul 21 2018, 08:02 PM)
The fact remains, you will get 5 points.... irrespective of what the sc staffs say....just trying to explain the facts....
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Me: I’ve read that there are people who are getting 5x points due to oversea/foreign transaction although for university fees?
Does that mean as long as it is an overseas transaction with foreign currency you can still get 5x points?

MBB: Yes, correct but it is also depending on the merchant code reading.

There you go. 2 factors comes into play.
digidigi
post Jul 22 2018, 10:12 AM

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QUOTE(limeuu @ Jul 21 2018, 08:02 PM)
The fact remains, you will get 5 points.... irrespective of what the sc staffs say....just trying to explain the facts....
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Depend, some people get 5point some get one, it was reported before
limeuu
post Jul 22 2018, 10:44 AM

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Why do you all think Maybank decided to reduce some spendings to 1point from the previous 2/5?....if you can see why, you will understand how they have configured this exception.....
ju146
post Jul 22 2018, 08:08 PM

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Hi, how do you guys trace if MBB credited the points correctly I.e 1/2/5 multiplier? Is that reflect in statement?
cybpsych
post Jul 22 2018, 08:10 PM

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QUOTE(ju146 @ Jul 22 2018, 08:08 PM)
Hi, how do you guys trace if MBB credited the points correctly I.e 1/2/5 multiplier? Is that reflect in statement?
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check in m2u a few days after transaction.


limeuu
post Jul 23 2018, 12:54 AM

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QUOTE(cybpsych @ Jul 22 2018, 08:10 PM)
check in m2u a few days after transaction.
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i am not aware you can see specific points awarded in m2u....

you will only know the points after you view/download the statement....and even then, you wouldn't know which transaction got what points, just the total points you get, and the extra points if overseas/fc spends....
Jack128
post Jul 23 2018, 04:15 PM

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hi guys sorry abit off topic - do we get any discounts if redeeming KF miles online compared to calling them up? Their website is a pain to use and there is literally zero availability to any destination. what sort of frequent flyer program is that

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