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Banking GXBank - First Malaysian Digital Bank (by Grab), UNLIMITED 1% cashback+3% p.a. interest!

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ronnie
post Jan 18 2024, 03:56 PM

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QUOTE(nickcct @ Jan 18 2024, 11:45 AM)
They don't charge for getting physical card right?
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free till 31/12/2024
Natsukashii
post Jan 18 2024, 03:57 PM

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QUOTE(xander2k8 @ Jan 18 2024, 03:27 PM)
Read the PDS 🤦‍♀️ for now yes because they waive FX admin fee of 1.2%

You need to check the FX rate using MasterCard website for the actual exchange rate transacted and make sure no 1.2% being charged for the time being
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I see. So it's part of the promo only, I thought it's permanent feature.

Looks like will need to go back to wise after the promo ends.


theevilman1909
post Jan 18 2024, 04:01 PM

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QUOTE(Natsukashii @ Jan 18 2024, 03:57 PM)
I see. So it's part of the promo only, I thought it's permanent feature.

Looks like will need to go back to wise after the promo ends.
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who know. they might give some extension tongue.gif

This post has been edited by theevilman1909: Jan 18 2024, 04:03 PM
privatequity
post Jan 18 2024, 04:14 PM

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QUOTE(xander2k8 @ Jan 18 2024, 03:45 PM)
Don’t be so happy 🤦‍♀️ as excluded spend includes EWallet, govt services, insurances and certain online transaction that Grab can deemed anytime excluded spend
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yea treat it like normal spending. 1% am happy.
leanman
post Jan 18 2024, 04:15 PM

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QUOTE(Natsukashii @ Jan 18 2024, 03:57 PM)
I see. So it's part of the promo only, I thought it's permanent feature.

Looks like will need to go back to wise after the promo ends.
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If its a permanent feature, they will not list the time frame

This post has been edited by leanman: Jan 18 2024, 04:17 PM
Natsukashii
post Jan 18 2024, 04:22 PM

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QUOTE(xander2k8 @ Jan 18 2024, 03:45 PM)
Don’t be so happy 🤦‍♀️ as excluded spend includes EWallet, govt services, insurances and certain online transaction that Grab can deemed anytime excluded spend
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QUOTE(privatequity @ Jan 18 2024, 04:14 PM)
yea treat it like normal spending. 1% am happy.
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Yea.. grocery got 1%.. ok lah tu

Petrol also included.

cybpsych
post Jan 18 2024, 04:43 PM

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QUOTE(ericlaiys @ Jan 18 2024, 02:50 PM)
tested pay maxis bill from app. approved via gxbank app. transaction under processing under gxbank. money deducted and maxis app also minus out. no rebate 1%.
may be need to wait 3 days for transaction to commit
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QUOTE(ericlaiys @ Jan 18 2024, 02:58 PM)
updated-
feesback from cs
The cashback will be credited to your GX Account by the end of the next day from the posting date of your Eligible Spend transaction.
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giving 1% cb immediately is suicide la. imagine the potential fraud could happen when fraudster charge large amount then trigger* cancellation/refund/reversal immediately.

must wait to be posted so that txn is finalized.


tbc: i wonder if payment reversal/refund/cancellation will clawback the 1% cb brows.gif
victorian
post Jan 18 2024, 04:46 PM

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QUOTE(Natsukashii @ Jan 18 2024, 04:22 PM)
Yea.. grocery got 1%.. ok lah tu

Petrol also included.
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I think it's good if you are lazy to think about which card to use.

Else, there are better card out there that offers cashback for grocery, petrol etc.


kiritoffx
post Jan 18 2024, 05:16 PM

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QUOTE(cybpsych @ Jan 18 2024, 04:43 PM)
giving 1% cb immediately is suicide la. imagine the potential fraud could happen when fraudster charge large amount then trigger* cancellation/refund/reversal immediately.

must wait to be posted so that txn is finalized.
tbc: i wonder if payment reversal/refund/cancellation will clawback the 1% cb  brows.gif
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Probably cash back will reverse. Even tng reward points got reverse after i got refund from merchant 😕😕
theevilman1909
post Jan 18 2024, 05:22 PM

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QUOTE(cybpsych @ Jan 18 2024, 04:43 PM)
giving 1% cb immediately is suicide la. imagine the potential fraud could happen when fraudster charge large amount then trigger* cancellation/refund/reversal immediately.

must wait to be posted so that txn is finalized.
tbc: i wonder if payment reversal/refund/cancellation will clawback the 1% cb  brows.gif
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Sure got reversal one 🙏
cybpsych
post Jan 18 2024, 05:24 PM

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QUOTE(kiritoffx @ Jan 18 2024, 05:16 PM)
Probably cash back will reverse. Even tng reward points got reverse after i got refund from merchant 😕😕
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QUOTE(theevilman1909 @ Jan 18 2024, 05:22 PM)
Sure got reversal one 🙏
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more interested to see whether acct balance goes -ve due to cb reversal or acct auto-suspend sweat.gif
privatequity
post Jan 18 2024, 05:34 PM

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guys, if im using grab often. better i dont link my GX debit card to Grab Pay n pay via grab pay right?

Best is to pay from GX debit card straight?
SUSxander2k8
post Jan 18 2024, 05:37 PM

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QUOTE(Natsukashii @ Jan 18 2024, 03:57 PM)
I see. So it's part of the promo only, I thought it's permanent feature.

Looks like will need to go back to wise after the promo ends.
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Nothing is free in this world as long is below 1% admin fee still worth it to use

QUOTE(theevilman1909 @ Jan 18 2024, 04:01 PM)
who know. they might give some extension  tongue.gif
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Unlikely 🤦‍♀️ even GXS cutting down after 6months particularly interest paid out as they have the clause to claw back and scale down as it sees fits

QUOTE(privatequity @ Jan 18 2024, 04:14 PM)
yea treat it like normal spending. 1% am happy.
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Physical spending no issue only online spend you have to look and watch out for the cash back

QUOTE(Natsukashii @ Jan 18 2024, 04:22 PM)
Yea.. grocery got 1%.. ok lah tu

Petrol also included.
*
privatequity
post Jan 18 2024, 05:38 PM

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QUOTE(xander2k8 @ Jan 18 2024, 05:37 PM)
Nothing is free in this world as long is below 1% admin fee still worth it to use
Unlikely 🤦‍♀️ even GXS cutting down after 6months particularly interest paid out as they have the clause to claw back and scale down as it sees fits
Physical spending no issue only online spend you have to look and watch out for the cash back
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physical spend - i can set up GX card on my apple pay right? better set up GX virtual card or physical card ya?
BetterCallSaul
post Jan 18 2024, 08:30 PM

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QUOTE(privatequity @ Jan 18 2024, 05:38 PM)
physical spend - i can set up GX card on my apple pay right? better set up GX virtual card or physical card ya?
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There is no Apple Pay / Google Pay support for GX card.
ericlaiys
post Jan 19 2024, 12:20 AM

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QUOTE(privatequity @ Jan 18 2024, 05:34 PM)
guys, if im using grab often. better i dont link my GX debit card to Grab Pay n pay via grab pay right?

Best is to pay from GX debit card straight?
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link get 1.5x point. u can select gxbank and set limit
so no need to use card
kiritoffx
post Jan 19 2024, 05:32 AM

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Need to confirm if I put part of money in pocket money, the money stay there and can't be access or touch via card or online transfer right?

Card and online transfer only touch the main account only right?
SUSxander2k8
post Jan 19 2024, 06:49 AM

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QUOTE(privatequity @ Jan 18 2024, 05:38 PM)
physical spend - i can set up GX card on my apple pay right? better set up GX virtual card or physical card ya?
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No Apple Pay support as GX doesn’t intend to do you either use the card or the GX app to pay
Barricade
post Jan 19 2024, 07:27 AM

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I won’t be applying for the card. It doesn’t add any value to me especially I have multiple credit cards that gives me better cashback than 1%
leanman
post Jan 19 2024, 07:55 AM

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QUOTE(Barricade @ Jan 19 2024, 07:27 AM)
I won’t be applying for the card. It doesn’t add any value to me especially I have multiple credit cards that gives me better cashback than 1%
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I am looking at it for overseas spending purposes, as mentioned, no mark up, no hidden fees. Just another safer way than carrying cash overseas vs. CC with high fees unless got promo with overseas spent

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