not allowed

Hihi, anyone can confirm Ambank Enrich oversea spend vs Wise. Which one is cheaper ya?

Another option is use FD pledge.

wise use close to google exchange rate.

cc use the bank rate.

No, mostly use VISA/Master rate + % markup
I frequently use my Enrich Infinite so I verified it, it follows Visa rate for that day +1% markup, which isn't that bad, I use it to get RM1:1 mile

https://www.visa.com.my/support/consumer/tr...calculator.html

Just use this and set the bank fee to 1% to find out the exact amount that you'll be charged

AFAIK, local bank rate is better than international bank rate. you can try.

All card issuers will use VISA / MC rate as the benchmark when determining the final charge for overseas transactions.
Have nearly 100 AMBank transactions as reference and the final charge using VISA calculator is correct (with occasional plus/minus 0.01 difference due to rounding) after 1% markup.

This post has been edited by hye: Mar 19 2025, 07:03 PM

the markup makes the difference.

have you compared, the same day transaction with 2 cards, one with international bank and one with local bank? both visa.

The markup rates are mentioned in respective card issuer T&C. From my previous analysis - note that some of the local banks / international bank mentioned x% as the markup rate but in reality there are other fees or rates used internally thus it is not whatever % they claim. Analysis used the same merchant transaction date and currency - comparison made using the declared markup rate against the actual charge.

I can name an international FI that rides on VISA but the rate they charge is much lower than our local banks. So it depends on the FI (local or international) on how much they want to make from their customers.

This post has been edited by hye: Mar 19 2025, 09:47 PM

If you factor in the miles you will get Ambank Enrich is definitely cheaper

Does supplementary spending credit to principal enrich account or supplemental enrich account?

This post has been edited by furuku89: Mar 30 2025, 03:38 PM

Anyone has trouble to link Enrich Platinum to apply pay? I couldn't seem to link it. Have called cs, cs said no issue on system side. I can link my VS though.

No issue. Already linked it some months ago.

i had the problem when got it last time. till i need to contact apple support to look into it. then follow up with bank to resolve it. problem solved within 12h

Anybody downgraded Enrich Infinite to Platinum before to avoid the 2nd year annual fee? Have to do it before the annual fee appears in statement or can do it after?

I applied Platinum directly, knowing this issue would come later.

i was thinking to make use of the better rate for foreign spent (RM1 = 1 point) within 1 year before downgrading back to platinum (if possible)

don't think they can directly change. need to cancel and re-apply?
i might be wrong

Also same thought. Applied platinum, no need worry.
Cannot downgrade. u need to re-apply. the problem is may not get approval since u still holding Infinite. Plus, within 6 month after cancel card may applied. High chance will get rejected

Luckily, it is not a card that I die die must have. In my case, I can cancel it anytime.