InstaReM's AMAZE MasterCard

[259850]

There is no point in using Amaze for wallet spend if someone doesn't mind using a few cards.

You get 1% cashback in points, but you will already be out 1.8% from Instarem's spread, and have to deal with Mastercard's lousy FX rate.

Instarem's ~1.8% spread applies only if charged to linked credit cards. It does not apply when charged to the wallet balance. Try it. My experience is that the spread for wallet spend is roughly in line with Revolut, Trust, etc.

 

[BRYSG7]

Instarem's ~1.8% spread applies only if charged to linked credit cards. It does not apply when charged to the wallet balance. Try it. My experience is that the spread for wallet spend is roughly in line with Revolut, Trust, etc.

sometimes people jump into conclusions without looking into the details. i charged USD to Amaze Wallet, rate was exactly the same as XE.com

 

[ekardo]

sometimes people jump into conclusions without looking into the details. i charged USD to Amaze Wallet, rate was exactly the same as XE.com

Ya. If using wallet, rate is same as youtrip/trust but can earn amaze point. 1%. So it’s better than youtrip. youtrip is now my last choice of use.

When is the bonus points for amaze wallet?

 

[BRYSG7]

Ya. If using wallet, rate is same as youtrip/trust but can earn amaze point. 1%. So it’s better than youtrip. youtrip is now my last choice of use.

When is the bonus points for amaze wallet?

dont know but i'm also waiting for it. have some payment to make by early next month
previous one was 4% from May to 30 June

 

[ekardo]

dont know but i'm also waiting for it. have some payment to make by early next month
previous one was 4% from May to 30 June

Oh, currently no promotion. I thot still have 4x or 2x

 

[CrashWire]

Instarem's ~1.8% spread applies only if charged to linked credit cards. It does not apply when charged to the wallet balance. Try it. My experience is that the spread for wallet spend is roughly in line with Revolut, Trust, etc.

Interesting. I just tested, and you are right!

I will edit my earlier message.

 

[RedsYWNA]

Instarem's ~1.8% spread applies only if charged to linked credit cards. It does not apply when charged to the wallet balance. Try it. My experience is that the spread for wallet spend is roughly in line with Revolut, Trust, etc.

Means amaze wallet uses MasterCard rate, but gives an add 1%?

 

[259850]

Means amaze wallet uses MasterCard rate, but gives an add 1%?

Not sure if it is MasterCard rate, but it is a low spread rate usually more or less with what you get from Revolut. Yes, you get a 1% rebate for spending in the $10-$500 range.

 

[IcYFl4mEz]

So in a way, can top up the wallet using the linked card as usual. just that no CC rebate.
then use wallet to pay, for things that wont earn rebate/$?

 

[BRYSG7]

So in a way, can top up the wallet using the linked card as usual. just that no CC rebate.
then use wallet to pay, for things that wont earn rebate/$?

yes but points are only earned for transactions charged in foreign currency

 

[highsulphur]

yes but points are only earned for transactions charged in foreign currency

Do you have to convert sgd into foreign currency in the wallet beforehand?

 

[IcYFl4mEz]

yes but points are only earned for transactions charged in foreign currency

and the exchange rate is comparable to youtrip/revolut. in this way, no need to even bring youtrip card along liao.

 

[259850]

Do you have to convert sgd into foreign currency in the wallet beforehand?

No. In fact, I'm not sure if you'd earn the 1% rebate if you convert beforehand.

 

[hwmook]

and the exchange rate is comparable to youtrip/revolut. in this way, no need to even bring youtrip card along liao.

Bring youtrip, revolut along in case need to withdraw cash. That's my strategy.

 

[BRYSG7]

Do you have to convert sgd into foreign currency in the wallet beforehand?

I don't because I don't like keeping cash/other currency in this kind of wallet. usually just top up estimated amount then charge the card

 

[BRYSG7]

and the exchange rate is comparable to youtrip/revolut. in this way, no need to even bring youtrip card along liao.

exactly, so they do have a competitive edge.

 

[cannot.remember]

Possible to use Instarem wallet in Malaysia? Don't see MYR as a listed currency or is it just load SGD can already like youtrip?

 

[Trazora]

Possible to use Instarem wallet in Malaysia? Don't see MYR as a listed currency or is it just load SGD can already like youtrip?

just topup Amaze wallet in SGD, then can use for overseas spend

 

[highsulphur]

Any reason to top up with credit card still?

 

[BRYSG7]

Any reason to top up with credit card still?

no benefits expect cash flow purposes