Instarem – Amaze card nerfed, charging 1% fees

1313
Instarem - Amaze card nerfed, charging 1% fees - Multicurrency cards offer a range of advantages that make them a convenient and efficient option for travelers and individuals dealing with international transactions. 

Instarem – Amaze card nerfed, charging 1% fees – Multicurrency cards offer a range of advantages that make them a convenient and efficient option for travelers and individuals dealing with international transactions.

Changes to amaze fees that will come into effect starting 13th October 2023

AMAZE transaction fee of 1% (with a minimum fee of 0.50 SGD) will apply to select payments made in SGD with amaze linked to a card.

These include payments for insurance, healthcare, education, car dealers, and business services. Transactions made to these merchants with amaze linked to a wallet will remain fee-free.The current transaction fees on select merchants like GrabPay, prepaid cards and other e-wallet top-ups, will be reduced from 2% to 1% (with a minimum fee of 0.50 SGD) and are chargeable with amaze linked to a card as well as the wallet.

Annual fees Free
Card issuance Free
Card replacement and delivery Free
FX (non-SGD) transactions Free
Chargeable SGD transactions 1% fee (minimum 0.50 SGD) on transactions made in SGD to select merchants.

Note: Some SGD transactions that are linked to amaze wallet will not incur this fee.

amaze wallet top-up with Mastercard Free
amaze wallet top-up with Visa card 1.5% fee
amaze wallet top-up with PayNow Free
Overseas ATM cash withdrawal 2% fee

Chargeable SGD transactions

sgd-chargeable-transaction

amaze rewards exclusions

amaze payments to the below merchants are excluded from amaze rewards (InstaPoints/Cashback) eligibility.

amaze rewards exclusions

However, you can earn unlimited InstaPoints on FX spends made on amaze at all other merchants, capped at 500 InstaPoints per FX transaction

Source: Instarem

As usual, are you a money changer? Join us by leaving your contact here directly and stand to gain our whole suit of software and hardware for free to help digitize your business. 🙂

Missed our recent news? Catch up on news like Instarem – Amaze card nerfed, charging 1% fees here https://stories.cashchanger.co/

Compare Remittance best rates to send money to Malaysia from #Singapore – https://remit.cashchanger.co/singapore/sgd-to-myr

Catch us on:

Web: https://cashchanger.co | https://remit.cashchanger.co/
Twitter: https://twitter.com/cashchanger
Telegram: https://cashchanger.co/telegram
Facebook: https://fb.me/cashchanger
Instagram: https://www.instagram.com/cashchangercom/
#exchangerate #remittance #compareexchangerates #compareremittancerates #fxrates