Instarem sent Amaze cardholders an email today to announce upcoming changes to its terms and conditions.
If you have not heard about the Amaze card, read about it here: Amazing: Get 4 MPD and 1% cashback without FX fees with the Amaze card
Key changes
The new terms and conditions will come into effect on 1 April 2022.
| Till 31 March 2022 | From 1 April 2022 | |
|---|---|---|
| Cashback | 1% | 0.5% for SGD, 1% for non-SGD |
| Cashback cap (per quarter) | S$100 (S$10,000 spending) | S$50 (S$5,000 – S$10,000 spending) |
| Minimum spend (per quarter) | S$500 | S$1,500 |
| Minimum spend (per transaction) | S$5 | S$10 |
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Is this a big deal?
As a refresher, here are the key benefits of the Amaze card:
- Amaze card turns all transactions “online”, giving you 4 MPD on almost all offline transactions, when linked with DBS Woman’s World or Citi Rewards cards.
- Amaze card converts foreign currency spending to SGD at a good rate, saving you about 3% worth of fees on your credit cards.
You will still be receiving a 1% cashback on foreign currency spending, albeit with a lower cap and increased minimum spending.
As long as the two key benefits remain untouched, the Amaze card is still EASILY the best card in Singapore right now.
Amaze Card
Suitesmile card rating:
SIGN-UP BONUS
Get 225 InstaPoints
(worth $2.25)
Key benefit
Earn 4 miles per dollar
and 1% cashback
without FX fees
Annual fee
No annual fee
Min. Income
requirement
–
We recommend linking the following
credit cards to your Amaze card:
Citi Rewards
Citi PremierMiles
Bottom line
The Amaze card is a little less amazing right now but this is not horrible news at all. But if you’ve followed all the devaluations of the Grab card and Razer card in recent years, you can probably guess where this is going. Enjoy it while it lasts!