V2 new thread new wish ::
Let's hope TP conversion rate stays same.

I am starting to look for alternative cash back card,

hong leong visa infinite
annual fee = free for life
enrich conversion:
RM 2.8 to 1 EM local
RM 1.8 to 1 EM overseas
https://www.hlb.com.my/main/personal/cards/infinite


CIMB Enrich World MasterCard (max cap 50k miles/year)
annual fee = RM 588
enrich conversion:
RM 3.0 to 1 EM local
RM 1.0 to 1 EM overseas
http://www.cimbbank.com.my/en/personal/pro...mastercard.html


CIMB Enrich World Elite MasterCard (max cap 150k miles/year)
annual fee = RM 1,288
enrich conversion:
RM 2.0 to 1 EM local
RM 1.0 to 1 EM overseas
http://www.cimbbank.com.my/en/personal/pro...mastercard.html


_________________
other amex

MAS American Express® Platinum Credit Cards
annual fee = RM 500 (first year waived)
enrich conversion:
RM 2.5 to 1 EM local
RM 1.25 to 1 EM overseas
(min spend RM10k above locally per year to get this rate)
(must be a director of company to apply this)
https://network.americanexpress.com/my/en/h...iness-card.aspx

American Express® Platinum Charge Cards
annual fee = RM 3,445
enrich conversion:
RM ** hard to calculate
RM ** hard to calculate
https://network.americanexpress.com/my/en/h...tinum-card.aspx

any official word?

so meaning to say, amex from 5x down to 1x,
what about visa infinite? 2x down to 1x as well (for thoese affected category)

my concern is utilities and petrol

is Visa Infinite affected?

petrol and utilities remain 2x or become 1x?

yup, pay company bill, pay parent house bill, pay own house bill, and my petrol 1 mth near to RM1k ....

starting to find cash back card now.

it will affect 80% of my AMEX transaction.

1 alternative for petrol


Affinbank BHPetrol - 10% weekend BHP, cap RM50


http://www.affinbank.com.my/Consumer-Banki...MasterCard.aspx

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.

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

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.

I use AMEX, it becomes 2x TP

formed a strategy, this is my own case

Utilities (TNB) roughly RM2.8k per mth, i save RM250 x 12mth = RM3000 per year
RM100 - HLB WISE card, 10% for utilities max cap RM100
RM100 - HLB WISE card, 10% for utilities max cap RM100 (2nd card register using wife name)
RM 50 - PBB Visa Signature, online spending 6%, max cap RM50

Petrol roughly RM 800 per month, by estimation i can save RM 40 x 12mth = RM 480 per year
RM 20 - citibank cash back platinum -5% petrol cap RM20
RM 20 - uob one card platinum - 5% petrol cap RM25 weekend

It is stated in the policy
http://www.maybank2u.com.my/iwov-resources...rtInsurance.pdf

Read the section of missed connection.


In fact, most of other card's insurance or travel insurance do the same.

for my recent trip to europe, i used both amex and visa, to study which cards give better conversion rate.

The rate really uncertain,

in London, sometime amex better, sometime Visa better.



In europe, travel to Paris, Brussels and Amsterdam, Visa has better rate.



side notes:
now i realize we should avoid using AMEX for Gov related transaction because it only give 1x TP.
i reload my Oyster card using both AMEX and VISA (pay to Transport for London, some kind of gov entity), VISA earning 5x TP, while AMEX only 1x TP.

i just realized using Visa paying for services via paypal, will earn 5x TP.

last month i pay a local web hosting provider (exabytes) via paypal, pay TGV ticket with paypal.. all 5x points.

it was in RM, no extra charge

it will take 60 to 90 days

last year, i bring my wife into lounge overseas using the priority pass, the charge reflected after 6x days