Note for those who used amaze > $1000 in a month. There will be a fee.
Starting 1st April, we will be making the below changes to ensure we can continue offering you the best travel card experience and competitive foreign exchange rates.
Change in 1% MCC fee:
1% MCC fee on domestic payments for security brokers, insurance, healthcare, education, car dealers, government and business services will be removed.
Note:
- Payments that fall under MCC 6540 (e.g. E-wallet top ups) and MCC 4111 (EZ-Link wallet top-ups and TransitLink General Ticketing Machines only) will continue to incur a 1% MCC fee (min. 0.50 SGD).
- To check the Merchant Category Code (MCC) of your amaze transactions, go to the ‘Activity’ tab on your app and tap on the specific transaction.
New 1% domestic fee on SGD transactions:
When amaze is linked to a card, a 1% fee (min. 0.50 SGD) will be applied on all monthly domestic spending in excess of 1,000 SGD.
Note:
- Based on your spending patterns in the last 2 months, this fee is unlikely to affect you.
- Alerts will be sent via email and push notification when your domestic spend is nearing the 1,000 SGD fee-free cap. You can also track your domestic spending in-app.
- The 1,000 SGD limit applies to all your monthly domestic spending. This includes spends that have been refunded, and in some cases, where a merchant puts a temporary hold on your money before a purchase (pre-authorisation).
- All domestic monthly spend below 1,000 SGD will remain fee-free.
- All domestic monthly spend when amaze is linked to a wallet will remain fee-free.
- International spending in foreign currencies will not incur this fee or count towards the 1,000 SGD fee-free cap.