How can I earn up to 6 months of GrabUnlimited cashback? - GXBank Help Centre

// If you are a new GrabUnlimited subscriber, it will be credited within the same day or 1 day from the date of your first subscription fee payment. //

Revisions to GX Rewards Experience Campaign Terms and Conditions
9 April 2024

‍We will be revising our GX Rewards Experience Campaign Terms and Conditions with effect from 15 April 2024.

In summary, the revisions are as follows:

1. Cessation of Reward Category 3 (Link GX Account with Grab App and Subscribe for GrabUnlimited) (“Reward Category 3”)
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- Effective 15 April 2024, Reward Category 3 will cease and be removed from the GX Rewards Experience Campaign and the Campaign Reward for Reward Category 3 (i.e. up to 6 months cashback of GrabUnlimited monthly subscription fee) (“Campaign Reward”) will no longer be awarded. We have removed clauses and terms related to Reward Category 3 from the GX Rewards Experience Campaign Terms and Conditions.
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- Customers who have fulfilled the Qualifying Criteria for Reward Category 3 (“Qualifying Criteria”) prior to 15 April 2024 will continue to receive the Campaign Reward provided the customer continues to meet the Qualifying Criteria throughout the 6 month period. For more information, please refer to GX Rewards Experience Campaign (FAQ) effective 15 April 2024 available here.


2. Revision to Clause 4.1, Reward Category 1 (Retail and Online Spend Using GX Card) (“Reward Category 1”)
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- Under “Crediting of Campaign Reward” and “Campaign Reward Eligibility” for Reward Category 1, we have updated “transaction posting date” to “transaction posting/ settlement date” for clarity.
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3. Revision to Clause 4.4
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- We have updated Clause 4.4 to set out the instances where GXBank may, among others, disqualify an Eligible Participant from participating in the Campaign, decline to credit/cancel the crediting of the Campaign Reward, deduct the Campaign Reward from an Eligible Participant’s GX Account and/ or take any other action deemed necessary by GXBank (including legal action) against an Eligible Participant.


4. Insertion of a new Clause 5.13
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- We have inserted a new Clause 5.13 which requires customers to access GXBank’s website on a regular basis to view the Terms and Conditions (including any notices by GXBank relating to this Campaign) and to seek clarification from GXBank’s authorised representatives if customers do not understand any of the Terms and Conditions.


The revised GX Rewards Experience Campaign Terms and Conditions is available here (ENG), here (BM) and will also be available here effective 15 April 2024.

This post has been edited by cybpsych: Apr 10 2024, 11:45 AM

why would you see 5% now?

pbb staff suppose to call you to verify

gxbank the next 1sen thief?

This post has been edited by cybpsych: Apr 11 2024, 11:30 AM

tie your nric as duitnow id for gxbank?

not credit to bank

you do know there's another refund channel option, right?

here's the formula:

grabpay = ewallet

gxbank = bank account

grabpay --> gxbank = ewallet --> bank account


you think?

hence this wonderful idea doesnt work

end-users, you need to figure out yourself to get connected

infra-wise, banks or telcos, they have BCP and DR plans in place in case serious downtime occur.

exactly

basically money is safe in the banks cuz there's no way to withdraw hehe

unlikely

1) employer typically use bulk disbursement feature of banking, and that corporate account usually (mostly) uses IBG; of which GXbank doesnt support (dont bother either). it's up to the respective banks to upgrade their corporate account to utilize DuitNow instead (again, they usually try not to "reinvent the wheel" cuz it will incur cost)

2) FPX will be sunset by Paynet and again, replaced by DuitNow OBW. New deadline is end 2024 (effective 2025) for FPX to be sunset. Paynet has been moving the sunset goalpost repeatedly for years (!) as banks are reluctant to switch (again, cost and impact to existing businessessssssss which hsa been operating for long time using FPX).

so, there are no solid reasons for a new digital bank to adopt old technologies. and of course, the obvious rubbing Paynet's and BNM's (owner of paynet) good side.

This post has been edited by cybpsych: Apr 18 2024, 06:30 AM

aiyor, reverse calculate lah


gxbank gives 5% p.a. for up to RM5,000, right?

that generates RM0.68 per day (0.27 + 0.41)


now, you reverse calculate 0.68, you actually need about 4942 deposit. this is because of calculation rounding before gxbank credit 0.27+0.41 into your pocket acct.

so, the excess of 58 (5000-4942) per pocket or total 580 (58 x 10 pockets) can be utilized elsewhere to generate more interest eg KDI or Versa or Rize or other places.

since yesterday lor

what do you mean by "incoming transaction detail"?

what's the purpose of this?


eg this 20240423BIMBMYKL***** is the standard duitnow transaction ID format.

gxbank's id is internal txn id for reference, useless for end-users to do any checking/validations.


there's nothing much we can do if the app doesnt disclose additional info; which is normally not required by end-users anyway.

This post has been edited by cybpsych: Apr 24 2024, 09:09 AM

there are some capital requirements set by bnm

gxbank can't expect to keep 1bil forever with them without doing anything to please the depositors (to stay)

that's where marketing budget comes in.

throwing $$ to rewards depositors is not organic growth. short term trick just to make their numbers beautiful to their shareholders.

true test is actual organic growth when $$ reward lesser but breakthrough with special features that's so out-of-this world that depositors cannot live without it (rare and hard to crack)

yes

if you constantly need to transfer >50k on daily basis, then gxbank is not suitable for you and/or you are not their target segment (eg daily large outbound transfer, OTC services, etc)