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

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tehoice
post Dec 1 2023, 11:37 AM

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How long would the processing works?
I mean application processing, mine is almost an hour already and they are still processing my registration application.

Yes, I just registered this morning via mobile app. previously was very busy and didnt manage to do so.

tehoice
post Dec 1 2023, 03:13 PM

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QUOTE(synical @ Dec 1 2023, 12:10 PM)
Just wait for the app notification.

Took me about 1.5 hours before it got approved...maybe it's being swamped now that it's no longer in beta and people want the RM28?
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QUOTE(nexona88 @ Dec 1 2023, 12:18 PM)
mine around 30min all completed...

now should be longer... coz many application to process
suddenly this GX Bank become well known among Malaysian biggrin.gif
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got it already. thanks a bunch.
tehoice
post Dec 1 2023, 04:22 PM

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QUOTE(nexona88 @ Dec 1 2023, 03:49 PM)
welcome to the club  tongue.gif

btw u got Rize or not??
that one better withdraw asap... really headache one now....
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tak da, i park my cash in KDI mostly, although above certain threshold only get 3.5% instead.
i previously wanted to use Versa, but looking at the comments, I decided not to use it. But so far so good for KDI, still using it.

now on this gxbank, wanted to try their gxcard, but too bad this is a debit card and not credit card, but if can get 1% cash back unlimited on every transaction, i think it is not too bad.
tehoice
post Dec 1 2023, 06:52 PM

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How to apply for gx card?
tehoice
post Dec 1 2023, 07:11 PM

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QUOTE(Barricade @ Dec 1 2023, 07:02 PM)
Rookie bank. How to have confidence in them when they cannot even schedule midnight maintenance?
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gib chance la, first digital bank in the country ma.
tehoice
post Dec 20 2023, 10:03 AM

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QUOTE(ericlaiys @ Dec 20 2023, 12:35 AM)
well some people matter on this and post unhappy message on facebook. those people get wrong idea and keep questioning why not shariah?
anyway, if this really matter , they can opt out or may be ask bnm instead of gxbank regarding this award.
another 4 more got deadline till april to come out their product. i am curious, what happen if they cannot come out with the app? will they revoke the license ?
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while i think it is okay to have shariah / non-shariah compliant ones, but i just think that the direction where we are heading to is wrong, or just incorrect.
tehoice
post Dec 22 2023, 11:05 AM

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QUOTE(adele123 @ Dec 21 2023, 01:16 PM)
Technically, grab has not turned profitable right? So... whether it is really Malaysia loss is still early to say?

Of course, they could have hired more skill worker by having their HQ in malaysia instead of just employ grab riders/drivers, that maybe this is the real beneficial point... oh well... but grab itself may not prove to be profitable investment...? we wait and see?
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nope, they're still ebitda negative right, but yet, they are worth billions.
but i agree, it is a loss to malaysia especially it is a unicorn.
tehoice
post Jan 3 2024, 10:51 AM

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QUOTE(ericlaiys @ Jan 3 2024, 07:52 AM)
Illustration
1. Eligible Participant makes a purchase worth RM105 using a GX Card

Eligible Cashback
1% x RM105 = RM1.05
When rounded to the nearest two (2) decimal points, the Eligible Cashback is RM1.05.


Illustration
2. Eligible Participant makes a purchase worth RM79.90 using a GX Card

Eligible Cashback
1% x RM79.90 = RM0.799
When rounded to the nearest two (2) decimal points, the Eligible Cashback is RM0.79.


Illustration
3. Eligible Participant performs an e-wallet top-up transaction of RM20 on the Grab App using a GX Card

Eligible Cashback
No Eligible Cashback as the transaction is an Excluded Transaction.
(Refer to Clause 3.3 above for Excluded Transactions).


Illustration
4. Eligible Participant performs a transaction of RM0.90 using a GX Card

Eligible Cashback
1% x RM0.90 = RM0.009
No Eligible Cashback. When rounded to the nearest two (2) decimal points, the Eligible Cashback is RM0.

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i think i fail my primary school math rounding.

tehoice
post Jan 3 2024, 12:35 PM

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QUOTE(cybpsych @ Jan 3 2024, 12:18 PM)
their choice of words is a bit misleading

the example is not rounding, but more of truncating/cutoff to 2 decimal value; just like how maybank2card amex 5% cb is being calculated.

user posted image
in short, gx pay less cb to us  sweat.gif
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ah okay, truncating is the right choice of word.
you are right, means we are getting lesser cashback in the long run.
tehoice
post Feb 5 2024, 03:55 PM

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Me too, still haven't receive anything on GX Card application thingy on my app.

But you can now get a small box of free orange (or mandarin oranges) when you buy anything from Jaya Grocer and redeem immediately (no min spending).
tehoice
post Feb 21 2024, 05:41 PM

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QUOTE(leanman @ Feb 21 2024, 12:36 PM)
I was thinking, many were so happy with the 1% CB, that is we are paying with hard cash. Isn't it better off if you use any other CC to pay for it, where you can get up to 50 days credit. Instead of hard cash out from the GX card, it can be now in GX account for the next 49 days with 3% interest.
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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
tehoice
post Apr 13 2024, 10:39 AM

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Do you guys have any issue using gxbank card to checkout on Taobao?

Last time it was alright but now I couldn't. Any idea guys?
tehoice
post Apr 13 2024, 09:25 PM

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QUOTE(hightechgadgets8 @ Apr 13 2024, 11:23 AM)
Recheck your app. Maybe you turn off online spending
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Can't be. Cos I'm able to use it on Lazada or Shopee app or other online shopping portal though.
tehoice
post Apr 23 2024, 03:58 PM

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QUOTE(deano_cole @ Apr 22 2024, 10:42 PM)
Previously my purchase at AliExpress got rejected as well and my money stucks for one month, after one month baru refund.

Perhaps, gx bank cannot be use for purchase at AliExpress and Taobao.
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I called GX Bank, they informed that it is Taobao and its payment gateway's issue, the card has got no issue.
Told me to unbind from lazada app, then bind the GX Bank card again, then try paying on taobao again, but this doesn't work this time, unfortunately.
But I am able to use this on other shopping platform. Next time will try using on taobao again.

QUOTE(wjleong15 @ Apr 22 2024, 10:57 PM)
No issue can use but taobao charge 2.5% like cc
Used once and feel cheated
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If you linked to lazada wallet, then it's flat 1.5%, same as you using bank transfer.
tehoice
post Apr 23 2024, 05:32 PM

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QUOTE(samus_ng @ Apr 23 2024, 05:17 PM)
Has anyone encountered issues making overseas transactions using GXbank? Tried making a purchase on Amazon Japan which has failed.

Somehow there is no option available for me to activate overseas transactions as per the screenshot below, when according to the FAQ there is one. I'm wondering if it is because my physical card is being delivered right now. But shouldn't that not matter as GXbank is being promoted as a digital bank?
user posted image
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what was the error message?
tehoice
post Apr 23 2024, 05:55 PM

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QUOTE(samus_ng @ Apr 23 2024, 05:38 PM)
Amazon sent an email essentially saying the charge was declined and to update my payment method.

When I called GX customer support, they mentioned there was no pending charge that came in at all  doh.gif

user posted image
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ahhh this is something different from what i was experiencing, perhaps for this, GX bank could give you an answer.
tehoice
post May 2 2024, 10:33 AM

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QUOTE(TongCN @ May 2 2024, 09:54 AM)
does paying utilities such as using Maxis Pay Platform entitle the 1% cash back?
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Not sure about telco bills, but i used it to pay TNB bills, yes I get the 1% cash back.
tehoice
post May 7 2024, 03:17 PM

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QUOTE(soonwai @ May 7 2024, 09:59 AM)
RM61 lah. no need .01

If got extra money, +122 for the next 0.01.
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so to be a successful one cent thief, the additional money to be deposited into each pocket is in the multiple of 61 bucks?
tehoice
post May 14 2024, 12:18 PM

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I know we won't be able to get cash back for payment on insurance, etc as per the T&C.

Have anyone got their 1% cashback for say, car/bike insurance payment?
tehoice
post May 14 2024, 05:47 PM

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QUOTE(Ramjade @ May 14 2024, 03:48 PM)
Can hawker QR code with with gxbank?
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can, i tried paying the other day, save and except for TNG only QR cannot.

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