amaze fees

amaze card related fees

Update:

Starting 1st April 2024, the below fee changes will come into effect:

    • Change in 1% MCC fee: 1%MCC fee on domestic payments for security brokers, insurance, healthcare, education, car dealers, government and business services will be removed.

      Note:

      • Payments that fall under MCC 6540 (e.g. E-wallet top ups) and MCC 4111 (EZ-Link wallet top-ups and TransitLink General Ticketing Machines only) will continue to incur a 1% MCC fee (min. 0.50 SGD).
      • To check the Merchant Category Code (MCC) of your amaze transactions, go to the ‘Activity’ tab on your app and tap on the specific transaction.
    • New 1% domestic fee on SGD transactions: When amaze is linked to a card, a 1% fee (min. 0.50 SGD) will be applied on all monthly domestic spending in excess of 1,000 SGD.

      Note:

      • Alerts will be sent via email and push notification when your domestic spend is nearing the 1,000 SGD fee-free cap. You can also track your domestic spending in-app.
      • The 1,000 SGD limit applies to all your monthly domestic spending. This includes spends that have been refunded, and in some cases, where a merchant puts a temporary hold on your money before a purchase (pre-authorisation).
      • All domestic monthly spend below 1,000 SGD will remain fee-free.
      • All domestic monthly spend when amaze is linked to a wallet will remain fee-free.
      • International spending in foreign currencies will not incur this fee or count towards the 1,000 SGD fee-free cap.

Here’s a summary of the fees (updated as of 1st June 2024):

Annual Fees Free
Card issuance Free
Card replacement and delivery Free
FX (non-SGD) transactions Free
Domestic (SGD) transactions 1% fee (minimum 0.50 SGD) on:
  • Monthly domestic spending over 1,000 SGD with amaze linked to a card.
  • All domestic payments to merchants with MCC 6540 (e.g. E-wallet top ups) and MCC 4111 (EZ-Link wallet top-ups and TransitLink General Ticketing Machines only)
amaze wallet top-up with PayNow Free
Overseas ATM cash withdrawal 2% fee Fee-free (until 31 December, 2024)

amaze rewards

Update:

Starting 1st June 2024, the following amaze reward changes will come into effect:

  • You can earn 0.5 InstaPoint for every 1 SGD spent in foreign currency via both, your amaze wallet and linked bank card.
  • You can earn up to 500 InstaPoints per calendar month.
  • You can redeem 1,000 InstaPoints for 5 SGD cashback or 2,000 InstaPoints for 20 SGD cashback.

amaze rewards exclusions

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

However, you can earn unlimited InstaPoints on foreign currency spends made on amaze at all other merchants, capped at 500 InstaPoints per month.

Please note: MCCs are assigned by payment card organisations (e.g. Visa, MasterCard). Instarem does not have a say in the assignation of these codes. A merchant’s registered MCC may not always correspond with its nature of business.