now they introduced referral rewards program

anyone using this card? Not much discussion here.

For me it's another debit/prepaid card which I think is very common.
Since top-up via credit card is not allow, it's probably very similar to other debit card in the current market.

Multi-currency feature is unique, let's see if anyone can share experience using this. I got mine and activated the card, but no time yet to activate this at their nearest branch.

i register at the counter yesterday, got the card and MCW activated
asked their CS
it seems, u just change the currency u want in their app
then go to that country to swipe the card and it will deduct the amount of "foreign currency" that you've preloaded inside the MCW

at least thats what the CS have told me just now

just got the card yesterday
still experimenting with it
got it mainly for the multi currency wallet and their lower than counter rate only

yes, you're correct.

Exchange the foreign currency anytime in the wallet, use it in oversea... It will deduct from the multi currency wallet in foreign currency.
Good to have it if you plan to go oversea next few months/year.
If your foreign currency not able to finish, can sell to exchange back to MYR.

it can also be used to make money via forex as well(if hold it long enough)

Now I get it. Thanks for sharing the usage of foreign currency via the card.

I initially thought when we have foreign currency, we can go any dedicated multi-currency ATM to withdraw cash in that specific currency. Look like I'm wrong. But good for me as I'll be traveling to Thai soon.

True, within the limit allow to store in this card.

to clarify to those
if u have preloaded MYR in there and spend overseas, they will convert it back to MYR and deduct the MYR inside your wallet
but if u have changed foreign currency within the app, if u spend 300thb for example, it will deduct 300thb from your wallet

that's their definition of "lock in rate and spend abroad"

ohh, tq for sharing. it's very useful information to me and forumers.

Just a thing to add, preloading your wallet with foreign currency has no additional charge compared to change on the spot if you don't have the currency preloaded.

Hi Bro,

Have you returned from Thailand? Please share us your experience.

BTW, if you register physically at the branch, you can only get the Merchantrade card + multicurrency wallet verification on the spot if you opt for the non-personalised card with no name.

If you register at the branch and want a personalised card with your name, you'll have to wait for 2 weeks and come to the branch again for verification.

If you register through the app (card with name OR no name), you'll receive the card in the post in 2 working days. After receiving the card, you'll still need to go to a branch for the multicurrency wallet verification.

Confirmed this yesterday at the KL Sentral branch. Tried registering myself but I wanted a card with my name, so will register online instead. The app registration process is currently under maintenance.

This post has been edited by greenstuffs21: Jul 29 2019, 10:57 AM

for me, i don't bother wanting a name
why?
the card itself isn't as high quality as the ones issued by banks
the font itself doesn't protrude from the card

Not yet. Coming Nov. WIll share..haha
I hardly use credit card previously in Bangkok due to high exchange rate. I use cash instead.

been using this card on my recent trip to uk. it's so convenient having loaded it with pound. over there u can even buy ticket bus with it. u can immediately see what u have spent. just a small issue since it records in malaysia time.

bare in mind that the paywave is limited to RM250 so means about 50 pound or less, which can be a little hassle after u reach your limit where u need to use it old fashion way (slot & sign)

if you go travel oversea, i fully recommend to have it.

yeah.. multi-currency feature is very convenient. got 3 currencies on my card currently. pound for my last visit to uk, AUD for my next visit to australia, & RM of course

Mr. Ajay ! Is it possible to withdraw GBP from any ATM machine in UK using Merchantrade Money Visa? Or only certain ATM ? Is there any charges for withdrawal? Tq.

yes possible. any ATM with visa sign should be accepted, but i have not tried it myself, & there will be extra charge incurred as well. for me, beter to stick to visawave or normal CC slot in payment.