Crap... I have close to 10k utilities per month charged to my amex... Guess have to go for cashback card... Any options to recommend?

I think no point going for those cash back card and what not to save RM50 or RM100 per month. The value of these card is in the points for miles to enjoy luxurious business or first class travel. Will still stick to Premier 2 cos it is still the best despite cutting and maybank knows it. I just hope other banks will step up and launch an aggressive campaign to wrestle away all those higher limit cards via better miles accrual system. I just dont understand. The margin for credit card debt should be high enough for more competitive packages..but no....so far...all also like shit

Cos malaysian banks are not competitive enough unlike US banks..

From 50k tp to 10k tp... Geesh. What a big drop.

Wow! that's a lot of utilities!

Depending on your goal and willingness to take the trouble in order to maximize the cashback. Most if not all, cashback credit cards are capped at RM50 per month, with the exception of HLB WISE at RM100 per month.

And also, channel of paying for the utilities, i.e. via Online, Paying at the Grocery Stores, Autodebit, etc will also rewards you with cashbacks. But then you must be willing to apply for all the cards and apportion your payment accordingly. It will be a lot of hassles.

If I am you, this is like a project that I will need to carefully plan. And if you are into travelling, consider those premium travel cards like sugggested above which will help you fast track to the dream vacation you want on business/first class flights.

for those AMEX usage only 10-30% affected, and if the amt not high, can continue stay with premier.
like my case is RM4k per mth in utilities, then getting a 10% cash back worth a lot. imagine if i apply it under my name, my wife, my parents name, 4x RM100 x 12mth = RM4,800

then getting another card for petrol, at least another saving RM700 per year.

One good alternative will be SIA Krisflyer Gold

1. 5x Msia PPL access
2. 3000 krisflyer miles upon sign up
3. RM2 = 1 miles awarded; if you spend 60k & above, you will be awarded with basically RM1 = 1 miles

borrow picture from captain

I have that.

Just that Im more into AM than KF, and the bonus miles come in on anniversary, where the AF kicks in too n made me hesitate.

no waiver regardless of spending?

this is Maybank, so sorry, nope

I actually can bet on the anniversary thing, got this KF card few months ago, and suppose AF only kicks in by Sep 2017, if bonus miles can credit in Sep 2016 (less than 12 months usage) then I will go for it.

This post has been edited by herc: Mar 17 2016, 10:16 AM

in actual sense, our m2p card earning rate has dropped quite abit after factoring in all the categories that don't earn 5x on amex.... even VI don't give x2 on those categories anymore..

the way i see it, it's like RM 4.77 to 1 mile... it's as good as increasing the redemption point requirement for m2p.

yes, if you value EM as RM0.10, then RM0.10/RM4.77 = 2%, still high la.
but what if you value EM as RM0.05? then it becomes 1% cash back

today, i just applied pbb visa signature 6%, and now otw to HongLeong for WISE 10% card

i have all the available cash back cards and fully utilized for my spending, so now dunno where to spend for the balance.

TP collection half way, no up no down, sighs.

Just called Amex, they just need 1.5k spending for 6 months to waive the KF Amex card.

That's a good news! Case by case or can get any black n white?

Does anybody know the goverment and education is it worldwide or only Malaysia? Genxyz in his blog seems to say that he now can't pay his children's overseas tuition fee as that education. Would not that be under foreign spend?
Likewise insurance, is it only local insurance?
What if I have UK or Australian investment insurance? Would that be under foreign spend?

local insurance and overseas insurance will still be insurance.
Local hotel and overseas hotel will still be hotel.

Foreign spending is when you swipe physically at foreign country in foreign currency.

I think better to call CS to confirm. As I know, as long as u charge non-MYR, then it's considered as foreign spending.

Overseas insurance is considered as insurance. But, I can also say that oversea insurance is considered overseas ma. :-)

Not too bad then but forced to use SIA only.

foreign spending may not be 5x point.

i have many experience, pay customs duty at singapore, only earn 2x TP (mbb did stated that payment to gov body only get 2x TP)

just 2 months ago, i reload my OysterCard at london, payment is to TFL (transport for london) a gov body, only get 2x TP.

i did my tracking day by day, so i can tell this is true.

Thanks for the data point, in other words Maybank is looking at the merchant code/category, not what currency it's being charged.

So if your merchant code is government then you won't get 5x treat points no matter what currency it's charged in.