InstaReM's AMAZE MasterCard

[bladez87]

Grab topup using amaze is considered as debit card top up. You can send this to your bank. This even milelion has mentioned. There is no limit to this other than grab daily transaction limit. So you can theoretically transfer like say 30k a month from your card to bank account and just keep rotating the credit each month. You can earn interest on that 30k these days it is like 4%.

I read about amaze wallet, there is an annual transaction limit of 30k. So that is really the NERF here guys.

So with 30k credit at 4%, that works out to be about $100/mth

But you mentioned amaze has annual txn limit of 30k, so not really able to roll more than a month?

 

[fr33d0m]

So with 30k credit at 4%, that works out to be about $100/mth

But you mentioned amaze has annual txn limit of 30k, so not really able to roll more than a month?

You can roll it now but after Feb 20th, only wallet is free to top up, credit cards need pay 2%

 

[highsulphur]

You can roll it now but after Feb 20th, only wallet is free to top up, credit cards need pay 2%

Why not top up wallet first with mastercard

 

[revhappy]

So with 30k credit at 4%, that works out to be about $100/mth

But you mentioned amaze has annual txn limit of 30k, so not really able to roll more than a month?

The transaction limit is for the wallet topups, not for linked card transactions. I suspect Amaze did this change to limit this abuse.

 

[revhappy]

Why not top up wallet first with mastercard

I think you can. Subject to annual limit of 30k.

 

[bladez87]

The transaction limit is for the wallet topups, not for linked card transactions. I suspect Amaze did this change to limit this abuse.

OH. So top up grab wallet using amaze card linked to any cc (card A) . Then withdraw from grab and deposit into bank account. Then use card B to pay card A? So the float remains in the bank?

 

[revhappy]

OH. So top up grab wallet using amaze card linked to any cc (card A) . Then withdraw from grab and deposit into bank account. Then use card B to pay card A? So the float remains in the bank?

Yes

 

[wira]

OH. So top up grab wallet using amaze card linked to any cc (card A) . Then withdraw from grab and deposit into bank account. Then use card B to pay card A? So the float remains in the bank?

how to use card B to pay Card A?

basically this hack gives you interest free loan up to $30K lah ?

 

[hclee01]

OH. So top up grab wallet using amaze card linked to any cc (card A) . Then withdraw from grab and deposit into bank account. Then use card B to pay card A? So the float remains in the bank?

If you have CitiBank cards, can do the same too. Use Citi PayAll with zero fees. While you will not earn cashback or points, you can earn free float too. Cos the funds can be transferred to a bank account.

https://milelion.com/2022/10/29/citi-payall-offering-1-8-mpd-on-all-payments-buy-miles-at-1-1-cents/
The “miscellaneous payments” category is surprisingly broad. You could use PayAll to pay for wedding expenses, donations, renovations, even the nebulously defined “travel expenses” and “payment for retail good and services”. Most of these don’t even require supporting documentation; you can simply transfer funds to someone else’s bank account.

 

[wira]

If you have CitiBank cards, can do the same too. Use Citi PayAll with zero fees. While you will not earn cashback or points, you can earn free float too. Cos the funds can be transferred to a bank account.

https://milelion.com/2022/10/29/citi-payall-offering-1-8-mpd-on-all-payments-buy-miles-at-1-1-cents/
The “miscellaneous payments” category is surprisingly broad. You could use PayAll to pay for wedding expenses, donations, renovations, even the nebulously defined “travel expenses” and “payment for retail good and services”. Most of these don’t even require supporting documentation; you can simply transfer funds to someone else’s bank account.

Err CitiPAyall Charges 2% fee so its not exactly zero fees.

 

[hclee01]

Err CitiPAyall Charges 2% fee so its not exactly zero fees.

Recently they implemented where you can choose to opt for zero fees, but no rewards or cashback. You can try it on your Citi Apps.

 

[wira]

Recently they implemented where you can choose to opt for zero fees, but no rewards or cashback. You can try it on your Citi Apps.

oh you are right. didnt realised they giving 'free money' now

 

[Belford]

Recently they implemented where you can choose to opt for zero fees, but no rewards or cashback. You can try it on your Citi Apps.

I don’t see that option. Using cashback+ card

 

[hclee01]

I don’t see that option. Using cashback+ card

This is how it looks like. You do not have the option to enjoy Citi PayAll with Zero Fees?

 

[Belford]

This is how it looks like. You do not have the option to enjoy Citi PayAll with Zero Fees?

I don’t have. Only shows how much cashback I can earn.

 

[nintendog]

I don’t have either

 

[bladez87]

Yes

Thanks. Then why they charging ezlink also?

 

[Trazora]

Thanks. Then why they charging ezlink also?

to patch loophole also

 

[yiron]

If you have CitiBank cards, can do the same too. Use Citi PayAll with zero fees. While you will not earn cashback or points, you can earn free float too. Cos the funds can be transferred to a bank account.

https://milelion.com/2022/10/29/citi-payall-offering-1-8-mpd-on-all-payments-buy-miles-at-1-1-cents/
The “miscellaneous payments” category is surprisingly broad. You could use PayAll to pay for wedding expenses, donations, renovations, even the nebulously defined “travel expenses” and “payment for retail good and services”. Most of these don’t even require supporting documentation; you can simply transfer funds to someone else’s bank account.

Essentially a free balance transfer.

 

[revhappy]

This is how it looks like. You do not have the option to enjoy Citi PayAll with Zero Fees?

I have this option also I never knew this.