instarem amaze High spread?

[xiaosinsinful]

Anyone notice that AMAZE card spread is ridiculously high?

e.g weekday rate sgd/myr

online rate 3.51
Money changer rate 3.475
Amaze rate 3.4 or 3% lower then online rate

 

[RedsYWNA]

Anyone notice that AMAZE card spread is ridiculously high?

e.g weekday rate sgd/myr

online rate 3.51
Money changer rate 3.475
Amaze rate 3.4 or 3% lower then online rate

I thought Amaze spread is usually 1.8% worse than Mastercard's rate?

 

[xiaosinsinful]

I thought Amaze spread is usually 1.8% worse than Mastercard's rate?

That’s what I thought as well, usually 1-1.8% , now it seems like something like 3%+

 

[wira]

oh wow ..spread getting bigger now ....

i think if you want good rates for MYR, use iChange ...but of course means no miles earning

 

[sglandscape]

I thought Amaze spread is usually 1.8% worse than Mastercard's rate?

Use the trust card if you don't want to warn miles and wanting to pay the least for FX fees

 

[poooff]

Too high already, when the trend started I just don't use amaze.

 

[wira]

Use the trust card if you don't want to warn miles and wanting to pay the least for FX fees

i find ichange rate better leh ...in fact seems better than spot rate.

for eg ichange now 1SGD=3.537 MYR

spot rate is 3.51

 

[mp4005 help]

I used it for jpn and USA. 1.9-2%.


Read HWZ Forum Rules!

 

[RedsYWNA]

That’s what I thought as well, usually 1-1.8% , now it seems like something like 3%+

Do you have any examples? So far, my MY rates had been quite close to 1.8%

 

[xiaosinsinful]

Do you have any examples? So far, my MY rates had been quite close to 1.8%

Yes. My rates shown in the first post is effective today

Anyone notice that AMAZE card spread is ridiculously high?

e.g weekday rate sgd/myr

online rate 3.51
Money changer rate 3.475
Amaze rate 3.4 or 3% lower then online rate

 

[yiron]

Yes. My rates shown in the first post is effective today

Amaze is about 1.8% worse than MC rate (not your online spot rate of 3.51).
Today MC rate is about 3.465. 1.8% worse off MC rate gives u 3.4 which is same as your Amaze.

https://www.mastercard.us/en-us/personal/get-support/convert-currency.html

 

[CrashWire]

That’s what I thought as well, usually 1-1.8% , now it seems like something like 3%+

Mastercard rates always lag normal rates by a few days, and always take the worst possible rate (benefiting the bank) for the point in time.

 

[xiaosinsinful]

Amaze is about 1.8% worse than MC rate (not your online spot rate of 3.51).
Today MC rate is about 3.465. 1.8% worse off MC rate gives u 3.4 which is same as your Amaze.

https://www.mastercard.us/en-us/personal/get-support/convert-currency.html

MC rate isn’t really that good as well

 

[yiron]

MC rate isn’t really that good as well

Yup, if u want the best spot rate, use iChange. If u want to earn credit card rewards, most efficient is probably still Amaze (except DBS which excludes Amaze).
Think of it as paying 3% more to buy 4mpd (e.g. Amaze + CRMC).

 

[xiaosinsinful]

Yup, if u want the best spot rate, use iChange. If u want to earn credit card rewards, most efficient is probably still Amaze (except DBS which excludes Amaze).
Think of it as paying 3% more to buy 4mpd (e.g. Amaze + CRMC).

Ya I would say it’s 3% from spot rates

 

[ilte2377]

Instarem sux. You trip much better.

 

[sglandscape]

Mastercard rates always lag normal rates by a few days, and always take the worst possible rate (benefiting the bank) for the point in time.

Actually the rate appears bad due to the cut off timing for when they snap it plus account for intraday volatility. If you smooth it with spot, it would be about 0.1% higher or slightly lower for the major currencies.