I see. I thought until 4/11 only.

I feel whelmed.

The badge system.... just syiok sendiri only..

If they add more functionalities to these badges, maybe will be more attractive... i.e., get access to better interest rate returns, higher loan amount, etc.

What about that Tauke Cashback badge? There's a +0.4% cashback balloon statement. Would that turn 0.1 % cashback to 0.5% cashback? Still need to spend RM 100 5 times first before it.

Just wondering if there are any debit card without annual fees which give at least 1% cashback in Malaysia?

I don't like CC, just debit cards...

Just wondering if there are any debit card without annual fees which give at least 1% cashback in Malaysia?

I don't like CC, just debit cards...

0.5% cashback with Aeon Bank debit card?

soon to have annual fees

As GXBank celebrates its first anniversary, the company unveiled a couple of new features such as TeXnovasi and GXFlexiCredit. However, customers who have been using the GXBank debit card are wondering what will happen to the cashback. After all, the GX Rewards Experience is ending today and we have the answer.

According to Pei-Si Lai, Chief Executive Officer of GXBank, it is confirmed that the initial unlimited 1% cashback reward will be reverting to just 0.1%. In context, if you are spending a RM100 with the debit card, you will only get 10 cents back instead of RM1. Previously, GXBank also adjusted the 3% daily interest rate to 2% for both Main Account and Savings Pockets from 1 October 2024.

GXBank debit card users will probably not be pleased with this but it's still usable for foreign transactions. Customers can still have:

1% cashback on all in-store overseas spending
Zero markups on exchange rates
Zero fees for overseas ATM cash withdrawals
Zero fees on overseas transactions

On top of that, the debit card will still retain zero fees for MEPS ATM cash withdrawals, as well as zero annual fees and zero card issuance fees. Additionally, customers can still earn 1.5x GrabRewards on Jaya Grocer and 3x GrabRewards on overseas Grab spending. All in all, it still has some uses for overseas.

Starting with GX FlexiCredit, this new feature will roll out progressively from November 2024 onwards to Malaysians. Eligible Malaysians who meet the requirements can get instant approval of up to RM150,000 credit limit within minutes and disbursement. This feature can help customers with the flexibility of getting immediate cash drawdown (with interest only on the drawdown amount) with zero fees if they choose to settle repayment early.

Additionally, in line with the government's Belanjawan Madani 2025 intent to help close the financing gap for MSMEs, GXBank’s GX Biz Banking aims to be a one-stop solution for the business community to open an account and have more convenient access to financing support. Similarly to a retail GX Account, GX Biz Account offers the first fully digital onboarding for businesses and daily interest payouts. With GX Biz Account, micro-entrepreneurs can seamlessly apply for the GX Biz FlexiLoan via the app and if qualified, receive instant approval for a credit line of up to RM150,000.

Business owners will also have the option of a flexible loan tenure of up to three years, and the flexibility to make early repayments without any additional fee or interest.  Beginning with merchants in Grab Malaysia’s ecosystem, GXBank aims to roll out GX Biz Banking to small businesses across Malaysia by the first quarter of 2025.

Even they are so ashamed about the 0.1% that they don't even put the number in the infographic.

I am just curious if I pay for air tickets in SGD but using GX Bank MY debit card, will the 1% cashback be able to offset the FX rate spread? 

My big ticket spending has always been in air tickets (and cafe dating recently )

read carefully it says in store overseas spending only.

Not to mention getting 150k MYR within minutes is a sure way to bankrupt someone who doesn't know the meaning of indebtedness...

I hope they have highlighted the word "up to"... 

0 fee for early settlement. Depending on rates, there may be room to borrow short term to park into Boost or KDI Save.