gxbank has been pretty quiet about it so far...

Coz no point to announce earlier if end. So use it faster within this few days before put inside drawer

This site mention Nov 6 end
https://www.winrayland.com/2024/10/gxcard.h...LVrF69TiBZQ&m=1

Probably no more rebate after Nov 6

Very bad very bad...

No more 6 Nov...

i hope they revise to something like 0.5% or 1% but got limit a month still better than nothing. getting rid of it means sad - no more cashback

no more money to burn

When purchasing a one-way airline ticket from Malaysia to another destination, the fare is charged in MYR. However, if you buy a ticket from another country back to Malaysia, it’s charged in that country’s currency. Sometimes, websites like AirAsia don’t accept payment via GX cards, though Wise cards usually work. To avoid this issue, I prefer buying the same ticket on Trip.com instead.

I think is air asia problem cause i try use sc debit card also cannot, at the end i pay in RM , rugi a bit on the exchange rate

AA problem lorh...

They don't really accept foreign currency especially if one uses Digital banks..

Use Others platform to buy AA tickets

seems confirm no more 1% by 5th November - use it while it last - but looks like other rewards are coming:


This post has been edited by CyberKewl: Oct 29 2024, 11:57 AM

BT HOCK LOCK SIEW

Banks should look to educate customers for better returns
Rather than creating new products which introduce debt, perhaps there should be a renewed focus on financial literacy

(With paywall) https://www.businesstimes.com.sg/opinion-fe...-better-returns



Expect the same to come in Malaysia? Credit card without the usual stringent checks in brick-and-mortal commercial banks...

I will try to find the full version of the article once it's available on my uni's library e-portal... Stay tuned.

This post has been edited by TOS: Oct 30 2024, 11:14 AM

So sad. I almost transferred all remaining balances out from GX to other digital banks liao.

Leave behind 1006.50, you still get 4% p.a. on those figures... With BoostBank's 5% promo ending soon, GX is relatively more attractive again.

This = RM 20++ pa more than others amount. Worth the trouble ??

jagjag very subjective. for you to ask this, means it's not worth your trouble + storage space of 1 extra app on your phone. and do take note that TOS will actually rajin2 withdraw out RM0.01 * 11 pockets daily to other banks

This post has been edited by Medufsaid: Oct 30 2024, 02:37 PM

Well, GX Bank change their offer once a month. After 5th of November new promos may come.

I am not sure how you arrive at RM 20++? We seek to earn 1 cent per saving pocket/main account, for a total of 11 MYR cents per day. Multiply that over 366 days a year give some 40.26 MYR.

If you want more convenience you can just leave the daily interests in the saving pockets/main accounts. End of year, on the last day you still earn 3.85% p.a. on the remaining balance...

*Easy to compute:

(0.11*366)/(1006.50+40.26-0.11)*100 = 3.85% p.a. (effective rate on last day of the year)

Which is way higher than many FD or HYSA accounts with tonnes of conditions.

I don't see why you should skip this offering. Also their IT system is a lot steadier than many other digital banks, it's as good as say CIMB, Maybank etc.... except without branches...

Hi..my 20++ is actually ddt the original 2% interest you get regardless how much amount you put in. Its actually the additional 2% you are getting with the 1006.50 thing.
Anyway i actually see no problem for anyone to do that but just wonder izzit worth the trouble to earn the RM 20 more. Its not 2% more per se coz you cant actually have more than the 1006.50 in the account to get the 2%.

Yea exactly. don get me wrong, im not someone who can jst disregard RM 20 or even less than tat. Jst wonder izzit worth all the hassle or not.

it's 1006.50 with liquidity / urgent use.
not much other options, second to boost normal jars.