Where ru moving funds to

Abandon the GX card only, whiles still keep minimum money in pockets for max interest.

This post has been edited by Lancer07: Nov 5 2024, 07:25 PM

4% u can get from boost jars. Just bank run GXBank unless u need the FOC MEPS withdrawal

yup. gxbank is the best option when travelling use. already stop using tng visa, bigpay and wise

Just curious. When they say 0 markups on FX rates, do they compare that against mid-market rates quoted by XE.com and those used in wholesale corporate banking rates? That means you are getting rates exactly the same as those reported in international FX markets?

If they compare against say, Mastercard's rate, you still lose some 30-50 basis points right (benchmarked against the international FX market)?

This post has been edited by TOS: Nov 5 2024, 08:46 PM

TOS it is still correct. Mastercard marked up their rates, GX will give you mastercard rates without additional fee

So, Mastercard's FX markup is 30-50 basis points? I just made up that figure in my previous post lol

yea... i did a comparison months ago

Still the best card for me when I travel and spend overseas.

how much is the minimum amount should put into each pockets ?

91.50 to get 4% effective.

if you want to put more, then park elsewhere better cause more than 91.50 it's just 2%

Better than wise eh? Hopefully can let us enjoy few more months.. Lol

how many pockets should I put?

Of course! With the 1% cashback for overseas spending, definitely better than wise.

10 pockets + 1 in the main account so, you will have RM1006.50 earning 0.11 sen daily, in order to max it out

This post has been edited by leanman: Nov 6 2024, 08:55 AM

Has anyone received the flexi credit features already?

You help us check what is the lowest effective rate for the loans yea

If it's below most other bank's FD rate for a comparable tenure, we can run GX bank down!

Hahaha I wanted to know their effective rate also, still waiting for the feature to be made available. So far nothing 'For you' yet

you sure you can run GX bank down?

Haha joking. I don't think the lowest effective rate will be below FD rates. Banks make money by pay less interests on deposits and earn more interests on loans.

The problem with digital banks however, is that they don't have a huge customer base like conventional banks, e.g. RHB, Maybank, CIMB, Public, Hong Leong etc.

Also, they don't offer diversified loans like car loans, housing loans etc. None of the digital banks' loans are collateralized too, so unsecured loan rates should be high....