well the debit card would be a better option to prevent those that cant control their spending. debit card is good for that and at least give them some rewards - sort of consolation prize maybe? LOL.

honestly the 3% interest is not much (unless u buy something huge like > 1K) if u fact in that's annual VS 1% CB which is immediate.

What can we do if we found any fraud transaction ?
I kena in Wise then lounge a report and get back refund with a new card.

GX Bank will do the same?

https://help.gxbank.my/security-and-privacy...empt_or_scam%3F

not sure if downpayment for house hv 1% or not.. better you read the tnc first.
coz i wanted swipe for EDUCATION FEES. and read there is no 1% for that.

50 days at 3% interest in GX is far from better than 1% rebate what's more you can only get 50 days interest free if you spend on the first day after your cc statement date which is not practical in real life situation.

is education fees an exclusion?

Agree.. in the first two weeks when I received my GX Card, because it is new toilet, I was using it to make all my purchases instead of credit card but now, I have reverted back to using CC. GX Card is just my ATM Card for cash withdrawal and it's free on any MEPS network currently.

This post has been edited by brandonkl: Feb 21 2024, 08:19 PM

the MEPS fee for ATM... is it charged and revert back in a few days ? or zer0 from transaction date ?

The Rm100 deposited is refundable?

lol, its savings account, you can transfer it out immediately

Immediately... you will see a RM1 charge and then another transaction for RM1 waiver.

3% per annum
rebate of 1% of the transaction, which is immediate.

simple illustration:
(i) RM100 x 3% p.a. / 365 days x 49 days = RM0.40

(ii) RM100 x 1% cash back = RM1.00

Directly receiving immediate RM1.00 is better than receiving 40cents, no?
or did i misunderstood your viewpoint?

This post has been edited by tehoice: Feb 21 2024, 05:42 PM

i was thinking the same as I was doing the math. the 1% cash back definitely better. if I just go by 30 days rather than 49 days, that's worse - u get 25 cents because 3% is per annum not per month.. so the calculation is about the same anyway:

RM 100 x 3 / 12 = RM 0.25
RM 100 x 1 / 100 = RM 1

So I cannot see how paying with CC makes sense at all.

If you compare using a basic credit card...
Usually credit cards have cashback or points though. Depending on how good the card is, it may or may not be an "obvious" choice anymore.

Anyway someone posted previously that the 1% cashback is only for this year? Not sure but enjoy it while it last anyway. A straightforward 1% cashback has its charms.

for me, this 1% cashback card is good for miscellaneous purposes that is not covered by credit card and/or ur credit card cashback has maxed out.

still couldn't find reasons to use gxcard (yet) cuz using affin vs/duo+ 3% for daily use.

only plausible use is for txn >RM250 and merchant refuse to split payments to multiples of 250 contactless using affin vs/duo+.

Depends on the credit card and how you use also..hlb and Maybank cashback card possible to exceed 1% cashback (with cap)

would really love to see some math demo that using CC (for the payment) while keeping the cash in Gxbank for the 3% VS using debit card to get 1% cashback can give more.

No need to overdo the math, the 3% p.a interest is negligible for the 30 days.

Just use whatever credit card (or debit card) that gives the highest cashback.

plus this temp cb is good enough for user who never own or plan to use cc. not all prefer cc