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