S$500) The minimum spend and cap are certainly annoying, since S$10 would rule out points on smaller items like public transport rides or snacks. The amazing part is that the cashback can be stacked with your usual bank rewards (whether its cashback or miles), which means you will receive both rewards. There is slight fx markup, similar to youtrip and any credit/debit card. Get started in 3 simple steps: Register Add payee Set up a transfer APP FEATURES - Send money on-the-go 24/7, to 55+ countries across the world - Easy sign up and log in - Great FX rates -. This would make a huge difference if you were to pay make a transaction in foreign currencies using a credit card which would incur a FCY of an additional 3.25%. 4mpd on dbs wwmc, citi rewards mc etc. 4: Link Your Preferred Mastercard. Save on hefty foreign exchange rates and enjoy Instarem FX rates with every global purchase. The Amaze Card is kind of like a VPN (virtual private network) for your credit cards. 0.5% and 1% cashback are rewarded for transactions processed in SGD and foreign currency respectively. No forex fees. . Instarem is a digital cross-border payment service that has been quietly making waves since 2014, and offers highly competitive rates for overseas money transfers. If you know, you know - a VPN allows you to get around region. 1.75% thereafter for amounts >S$350 + S$1.50/transaction fee after first two free withdrawalsS$5 per overseas withdrawal. Note that there is a cashback cap of S$50 per calendar quarter though. It does what it says on the tin you link up to 5 of your current Mastercard credit or debit cards, and you reap the Amaze 1% cashback (every quarter) on top of your credit or debit card. What is the Instarem Amaze Card? Much like Instarem's Amaze, you also get 1 per cent cashback, but at a price for $19.99 a month. On average, most banks charge foreign transaction fees that range between 2.5% - 3.25%. Instarem's amaze card lets you spend globally and pay locally with competitive foreign exchange rates based on Reuters' rates. This cashback only applies to transactions that are $5 and above, and you need to accumulate at least $500 in transactions for that given quarter. Not only does the Amaze Card offer a favorable conversion rate on foreign currency transactions, but it also converts the foreign currency transaction into a Singapore dollar transaction. Instarem's amaze card is an intriguing one that lets you earn cashback and combine cards at no extra cost. Airmiles Credit Cards - Fee Waiver. There's also a cap on how much cashback you can. Pros No annual fees 1% cashback on top of your existing credit card perks No top-ups needed Competitive FX rates with no transaction fees Cons New for 2021 - InstaRem announced in April 2021 that a new multi-currency card, known as the Amaze card, would soon be available for customers. The InstaPoint is rounded down to the nearest dollar and capped at 500 per transaction. Since all Amaze transactions code as online, you'll earn 4 mpd on the first S$1,000 per statement month, except on travel-related transactions. Wise If you've got loved ones overseas and find yourself constantly transferring cash in foreign currency, Wise is your best bet because they allow each user to store 56 currencies at one time! To do this, tap on the "cards" tab in the bottom menu and tap on "Payment Source". Cashback benefits . 1 InstaPoint per S$1 spent in FCY, subject to a minimum transaction of S$10, and capped at 500 InstaPoints per transaction (i.e. Scan to apply for your amaze card on the Instarem app today. Once your virtual card is activated, you'll need to link a Mastercard to it before you can start using it. It has zero foreign currency transaction fees, too! This applies to non-SGD transactions. Assuming you bought a product at USD100, here's what you'll be paying: You'll be paying $4 more for the product. It aims to improve the transparency of traditional money transfers which usually comes with unfavourable forex rates and additional hidden fees. For users who often transact in foreign currencies, this is a great card to consider. Can use Amaze for anything be it locally/overseas, online/offline. Instarem is one of the cheapest international money transfer providers for rupee transfers from India to the United States, Canada, the Eurozone, and the United Kingdom. Link up to 5 cards and enjoy uninterrupted spending through amaze. . 3 . How are they calculated? 7.2 NIUM has the sole discretion to supplement, revise or waive any applicable fees and charges . The 'amaze card' is both a virtual and physical card that can combine up to 5 Mastercard debit/credit cards. This is much more like a traditional bank card, although the foreign transaction fee is a little lower than that levied by many regular banks. . . Cardholders can also enjoy a host of other benefits, including 1% cashback and competitive FX rates. - Track your transfers on the go Stack up on rewards. Airmiles Credit Cards - Fee Paying. Then tap on "Link New Mastercard" and enter your card details accordingly. You may contact NIUM for information on for specific fees and charges applicable to Your Card. Amazing benefits at a glance. Just note that there is a 0.35-2.22% conversion fee for each transaction. And that will unlikely be the "Google" or "real" rate at the point of settlement. No forex fees Instarem advertises the Amaze Card as having Great FX rates, which is a rare occasion where marketing understates the actual benefit of a product. Not only do you get the physical card for free, but you get ZERO foreign currency (FCY) transaction fees. Amaze giving 1% rebate and the card linked to Amaze still can earn card benefits e.g. Enjoy 1% cashback, zero FX fees and a lighter wallet with Instarem's all-in-one smart card. Sign up and get yours in minutes via the Instarem app. You will find both fees combined and presented as one in your credit card bill. Instarem has launched the Amaze Card (a consumer debit card) in Singapore and it will allow you to link up to five mastercard credit or debit cards which will help you avoid foreign currency fees of up to 3.5% in Singapore. Instarem users will get to enjoy 1 per cent cashback with the Instarem Amaze card on top of other card rewards for every transaction of S$5 and above. Stock up on rewards with up to 1% cashback on top of your current cards' rewards. All banks operating in Singapore like UOB, DBS, OCBC levy this fee that can range from 2.8% to 3.25%. Launched by Instarem, the Amaze card is a one-stop payments solution that offers the convenience of spending and managing your expenses all in one place. The first fee is from when you transact in foreign currency. All Credit Cards. Amaze promises to give "Instarem FX rates": Amaze offers competitive FX rates, unlike banks which typically add a substantial markup and FX admin fee. For example, if you spent SGD 500 in foreign currency in a single transaction, you will receive 500 InstaPoints. From June 2021 to June 2022, Instarem also ranked highly for transfers from the United States to Canada and for transfers from Canada to the United States and the Eurozone. InstaRem's Amaze card. Replacing and deleting cards in-app are also super easy. Instarem advertises the Amaze Card as having Great FX rates, a rare instance of marketing exaggerating a product's genuine benefit. The minimum spend to earn InstaPoints is S$10 No minimum quarterly spend is required to earn InstaPoints There's a limit of 500 InstaPoints per transaction, which means that whether you charge S$500 or S$5,000 in foreign currency, you'll earn the same number of points Link up to five Mastercard credit/debit cards; Foreign currency transactions on Amaze are converted into SGD (with no FCY transaction fees) and charged to the underlying credit/debit card . Through Sept 23, 2021, signing up for the Instarem Amaze card. 10x points on Citi rewards mastercard, and no foreign currency fee or cross border fee. This eliminates the need for you to carry multiple cards. Cashback Credit Cards. Get started in 3 simple steps: Register Add payee Set up a transfer APP FEATURES - Send money on-the-go 24/7, to 55+ countries across the world - Easy sign up and log in - Great FX rates - Low Transfer Fees - No Hidden Charges - Multiple payment and pay-out options including card, bank, and cash. In other words, avoid using your Amaze + Citi Rewards Card to: Buy flight tickets Pay for a hotel stay Pay a tour agency or activities provider Buy train tickets Book a rental car Book a cruise The 0.5%/1% Amaze rebate is a bonus if meet the $1500 quarterly spend. 2. Trazora said: no foreign transaction fees. In addition, no associated foreign currency transaction fees will be tacked on to your shopping bills when you use your amaze card to pay in foreign currencies. Get cashback from Instarem on top of miles & cashback from your linked cards. You get 1 InstaPoint for every 1 SGD-equivalent in foreign currency made on your amaze card. Get $220 + $350 when you deposit $15,000 in Citi bank account + apply for credit card! For Visa card holders, you can fund your amaze card through the 'amaze wallet'. InstaReM AMAZE Card Founded in Singapore in 2015, InstaReM is a digital cross-border remittance company focussed on making it easier and cheaper to send money globally. Groceries Credit Cards. Best Credit Cards. . To qualify for the cashback, users will have to spend S$500 per . The user-friendly app interface only requires you to make a few taps to complete an action. Instarem advertises the Amaze Card as having Great FX rates, which is a rare occasion where marketing understates the actual benefit of a product.Not only does the Amaze Card give a good currency exchange rate on foreign currency transactions, it converts the foreign currency transaction into a SGD one. Another noteworthy Instarem perk? NO Foreign Currency Transaction Fees. Main point is can earn points/cashback on the linked card e.g. That gets you the 1per cent cashback, increased threshold for free overseas withdrawal from. The Instarem Amaze card is a rare gem as it gives extra cashback benefits on top of your usual credit card perks. Enjoy full control in real-time By using amaze via the Instarem app, maximise your dollar value on transactions by strategically selecting your preferred linked card for specific payments at any time. You'll have to wait for the card itself to arrive in your mailbox if you want to use it for public transport commutes, though. What's more, the SGD amount charged to your card is based on the exchange rate decided by your bank. Their new AMAZE Card allows you to link up to 5 debit or credit cards and continue earning cashbacks, reward points and air miles. Dining Credit Cards. 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