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Prepaid Cards BigPay - Prepaid MasterCard (with Mobile Apps) V2, CashBack, BigPoint & Remittance

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tohff7
post Nov 28 2018, 12:51 AM

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QUOTE(ayamback @ Nov 28 2018, 12:19 AM)
Guys, isnt it better to use BigPay to topup Boost e-wallet and then transfer the amount to bank account? Rather than withdrawing large amount of cash and having to deposit the money back into bank account. Boost charges RM2 max for bank transfer.

Am I missing something?
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Boost transaction limit is RM4.5k a month. And only RM1.5k max wallet size.

Though this limit might be raised next year..
tohff7
post Nov 28 2018, 01:20 AM

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QUOTE(xperiaDROID @ Nov 28 2018, 01:01 AM)
Thanks... biggrin.gif

But really, still no MYR wallet? It's been a while now, have you tried making it appear manually or contact their CS?
Bigpay is prepaid card, Boost and Grabpay are e wallets.

How can it even be related?
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At the end of the day, it’s just different ways to store and utilise your money. GrabPay Mastercard is coming next year..

When it comes to e-wallet, every player is aiming at the same end-game - making money via micro-credit lending etc. and have a big float to sustain the day-to-day operation
tohff7
post Nov 28 2018, 08:58 AM

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QUOTE(cybpsych @ Nov 28 2018, 07:54 AM)
ewallet fund is not allowed to be used to float its operation. it must be parked in a specific account type called trust account.
define effort?

if dont want to spend money, then refer 2 ppl, once both activated, you get the option to upgrade FOC.

user posted image
if dont want to waste time or refer ppl, you can request manually to bigpay for card replacement. there'll be rm20 replacement fee.
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Maybe to re-phrase. What i meant was every e-wallet want to have a sizeable float. So that interest on this sizeable float is able to cover the admin/operation costs of providing e-wallet functions.

This post has been edited by tohff7: Nov 28 2018, 08:59 AM
tohff7
post Nov 28 2018, 06:39 PM

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QUOTE(BacktoBasics @ Nov 28 2018, 06:07 PM)
So I will only be charged one time fee withdrawal??

How about local? Is there a way to get cash advance of like RM 10k??
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Same thing. Depends on ATM limit

RM3k is common, RM4k for HLB ATM and ppl reported RM5K at Genting ATM but not reliable
tohff7
post Nov 28 2018, 07:01 PM

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QUOTE(BacktoBasics @ Nov 28 2018, 06:40 PM)
Many thanks brothers
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Oh ya. ATM withdrawal in Malaysia is RM6 per withdrawal
tohff7
post Nov 28 2018, 09:24 PM

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QUOTE(gonzalo20 @ Nov 28 2018, 09:21 PM)
but airasia bigpay is a prepaid card hehe
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That ties with Mastercard.

So any terminals that can accept Mastercard should be able to accept BigPay
tohff7
post Nov 29 2018, 01:35 PM

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QUOTE(ClarenceT @ Nov 29 2018, 12:37 PM)
Last day to get Nov quota. After tomorrow, monthly cb is refreshed and your Nov cb quota is wasted .
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QUOTE(HMMaster @ Nov 29 2018, 01:20 PM)
Did you manage to try it? Anyone know if the MEPS ATM machine have additional charges on top of the RM6 charged by Bigpay?
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Not likely to have additional fees. But i doubt you want to use it..? Don’t think they can dispense RM3k at the minimum. Max maybe 1.5k
tohff7
post Nov 29 2018, 01:36 PM

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QUOTE(ClarenceT @ Nov 29 2018, 01:32 PM)
BP don't use MEPS.
You can only withdraw cash from a ATM using Cirrus.
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MEPS ATM machine supports Cirrus, so BP is supported
tohff7
post Nov 29 2018, 02:37 PM

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QUOTE(ClarenceT @ Nov 29 2018, 01:56 PM)
Not all the ATMs support Cirrus, but almost all the ATMs in Malaysia is now linked to MEPS.
MEPS and Cirrus are different networks.
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what i meant (and also what the other forumer asked) is that the MEPS-owned standalone ATM supports Cirrus, Plus, UnionPay, NETs etc. beside their own MEPS network
tohff7
post Dec 15 2018, 12:40 PM

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QUOTE(MGM @ Dec 15 2018, 05:05 AM)
Does BP requires OTP for ALL online transactions?
Or rather, can someone who got your BP's card number n cvv use it?
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Reloading Boost with BP not need OTP i think
tohff7
post Dec 16 2018, 02:47 AM

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QUOTE(BIGPAY ABUSER BENJAMIN @ Dec 16 2018, 12:53 AM)
Anyone else here get angry when someone hijacks your special ATM haha? Strangely, both of mine got emptied.
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Mine is at bank HQ with 3 ATMs and 1CDM capable of dishing RM3k...

Haven’t experience no notes yet
tohff7
post Dec 19 2018, 12:38 PM

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QUOTE(stuffx @ Dec 19 2018, 12:24 PM)
thanks guys... i was just thinking to exploit the loophole... apparently we can't do that  tongue.gif
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QUOTE(Kcee @ Dec 19 2018, 12:28 PM)
Since the 'loophole' you mentioned can't be exploited, could you 'share the loophole' with us?
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QUOTE(alexanderclz @ Dec 19 2018, 12:30 PM)
likely unlimited cashback cards?
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Unlimited cashback return is very low.

Unlimited reward points...that's another thing icon_idea.gif
tohff7
post Dec 19 2018, 01:01 PM

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QUOTE(#Victor @ Dec 19 2018, 12:57 PM)
Which card gives unlimited cashback? ohmy.gif
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There's already few cards listed in first post. But like i said, very low return <1%
tohff7
post Dec 19 2018, 01:16 PM

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QUOTE(alexanderclz @ Dec 19 2018, 01:08 PM)
hsbc?
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depends on what you looking for

not too sure about which card is best for those collecting for gifts/vouchers etc

for travel, it's Maybank M2C or VI rclxms.gif
tohff7
post Dec 19 2018, 01:42 PM

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QUOTE(laith @ Dec 19 2018, 01:20 PM)
Any idea which CC gives the best points for item redemption?
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No idea but generally the return quite sucks now after devaluation since 2-3 years ago. That's why it's better to opt for cashbacks nowadays (although with monthly caps)

For e.g. for Maybank Treatpoints

You need 32,000 TP to redeem RM50 voucher (AEON, Giant, etc.)

In best case scenario where you get 5x TP per RM, means you spend RM6400 to get RM50 = 0.78% return. Imagine the return if it's the normal 1x or 2x TP.

When it comes to item redemption, how they set the required points won't deviate too far from the 'implied rates' they used for cash voucher.

In Maybank case, the best is to redeem for air tickets using cards like M2C Premier or VI
tohff7
post Dec 20 2018, 03:04 PM

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QUOTE(voyage23 @ Dec 20 2018, 02:53 PM)
Hi all,

I will be going to Bangkok tomorrow and I have to pay for my hotel room at the property for THB24000.

May I know is it advisable to load up my BigPay and use to pay for it, or use credit card straight, or use cash @ 12.92/100THB?
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For about RM3k++, I would used my best CC to collect points. Higher bonus points usually for overseas spending

BigPay will save you the convenience of holding so much cash, while the rates should be competitive
tohff7
post Dec 20 2018, 06:18 PM

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QUOTE(wilson1149 @ Dec 20 2018, 05:05 PM)
user posted image

user posted image

UOB Thai or any Thai ATM charges extra 220 baht on ATM withdrawal, and the rate lower than those thai 'local' money changer which offer 0% fee.

Super difficult and waste time to find Malaysia local bank ATM in Thailand also.

This was my first and last time.
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Why you choose bank to convert for you?

tohff7
post Dec 21 2018, 04:35 PM

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QUOTE(LalaluSan @ Dec 21 2018, 03:56 PM)
Does anyone knows how long bigpay / petrol station lock out rm200? Kinda annoying when i accidentally key in wrong pin and my rm200 got locked.
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3-4 days i think
tohff7
post Dec 22 2018, 07:09 PM

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QUOTE(ericlks91 @ Dec 22 2018, 06:53 PM)
What is the new wave card? Your mean contactless? Isn't the current big card already support master card wave?
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They only introduced Paywave like 3 months ago. Those with older card have to refer 2 friends to change to the new contactless card for free. Or Pay RM20
tohff7
post Dec 23 2018, 12:34 AM

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QUOTE(alexanderclz @ Dec 23 2018, 12:13 AM)
these kinda e-commerce sites usually have the same business model. burn money to get volume, then slowly reducing the benefit to buyers and sellers. if you see through the fees and charges, many which are 'waived till further notice'. once they get the volume, don't be surprised if they start to charge. in the meantime, enjoy while you can.

ATM Withdrawal Fee
Local: RM6.00 per transaction
Overseas: RM10.00 per transaction or 2% of withdrawal amount, whichever is higher
(NOTE: For overseas, only RM10.00 will be charged until further notice)

Currency Conversion Fee
(Applied when the purchase is effected in currencies other than Malaysian Ringgit)
1% + network charges
(NOTE: Only charges by the network will be applied until further notice)

Cross-Border Transaction Fee
(Applied when the purchase is through merchant acquired outside of Malaysia but charged in Malaysian Ringgit)
Waived until further notice

https://www.bigpayme.com/fees-charges
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Just hope that BNM will give them the go ahead to do micro-lending with less onerous term. This is where they will get the return once the user base become big enough.

From the BFM interview with BigPay CEO last time, BNM still capped the interest rate max at 18% p.a. This means that they can't do very short-term micro-loan that charge with 1% with 1-2 weeks of repayment, for example.

This post has been edited by tohff7: Dec 23 2018, 12:34 AM

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