Amaze Wallet adds Malaysian Ringgit (MYR) support, with 4,000 InstaPoints bonus

Amaze Cardholders can now store MYR in their wallet, and earn 4,000 InstaPoints (S$40) when they spend at least S$1,500 on MYR transactions by 29 February 2024.

With the Singapore Dollar reaching all-time highs against the Malaysian Ringgit (MYR), there’s a considerable amount of interest in locking in current rates for future trips. 

This is not possible with Revolut or YouTrip, since neither wallet offers MYR at the moment. However, Amaze has just added support for MYR, which dovetails nicely with CNY travel.

To mark the occasion, Amaze is also offering a bonus of 4,000 InstaPoints to Amaze Cardholders who spend at least S$1,500 in MYR till the end of February 2024, whether funded via wallet or linked card.

Amaze Wallet adds MYR support

With the addition of MYR support, Amaze Cardholders can now hold 11 different currencies in their wallet.

👛 Amaze Wallet: Supported Currencies
🇦🇺 Australian Dollar (AUD)
🇨🇦 Canadian Dollar (CAD)
🇨🇭 Swiss Francs (CHF)
🇪🇺 Euros (EUR)
🇬🇧 British Pounds (GBP)
🇯🇵 Japanese Yen (JPY)
🇲🇾 Malaysian Ringgit (MYR) New
🇳🇿 New Zealand Dollar (NZD)
🇸🇬 Singapore Dollar (SGD)
🇹🇭 Thai Baht (THB)
🇺🇸 United States Dollars (USD)

Amaze claims to have zero mark-up on MYR wallet conversions, and indeed the rates I’m seeing on the app are more or less identical to those on Google. There’s no indication of how long the zero mark-up period will last, however, so DYODD before making a transfer. 

In addition to locking in today’s rates for future spending, topping up your Amaze Wallet allows you to make overseas ATM withdrawals. Cardholders can withdraw up to the equivalent of S$1,000 daily at overseas ATMs, though with a 2% fee they’d be better off using the Trust Debit Card instead.

A few points to note: 

  • Amaze Wallet top-ups code as MCC 6540 (POI Funding Transactions), so just like Revolut or YouTrip, you won’t earn any credit card rewards for top-ups
  • A 1.5% fee applies to any Amaze Wallet top-ups using a Visa card
  • All Amaze Wallet top-ups must be at least S$20; however, there are no fixed intervals beyond that; e.g. you could top-up S$20.76 or S$43.25
  • The maximum amount that can be stored in the Amaze Wallet at any time is S$5,000, and the maximum amount transacted through the Amaze Wallet is S$30,000 per calendar year. While MAS has increased the permissible limits to S$20,000 (stock) and S$100,000 (flow), Amaze has yet to adopt this

You do not need to pre-select a currency before spending; Amaze will automatically deduct the relevant currency, and make instant conversions from your other Wallet balances to top-up the difference if needed. 


Any balance you hold in the relevant transaction currency will automatically be debited first, to minimise your conversion costs (e.g., if you are making a payment in Europe, your EUR balance will be debited by default). If you do not hold any balance in the relevant transaction currency, or the balance you hold in the relevant currency is insufficient, your balance held in other currencies will be debited, starting from your SGD balance, followed by EUR, USD, JPY, THB, GBP, AUD, CHF, NZD, CAD and MYR, in this order.

If the transaction currency is a currency other than SGD, EUR, USD, JPY, THB, GBP, AUD, CHF, NZD, CAD and MYR, your SGD balance will be used to make the payment. If your SGD balance is insufficient, your balance held in other currencies will be converted to SGD to make the payment, in the following order: EUR, USD, JPY, THB, GBP, AUD, CHF, NZD, CAD and MYR.

-Instarem FAQs

For example, if I have S$100, €100 and £100 in my wallet, and make a transaction of €200:

  • €100 will first be deducted from my wallet
  • The equivalent of €70 will then be deducted from my SGD balance
  • The equivalent of €30 will then be deducted from my GBP balance

Earn 4,000 bonus InstaPoints for MR spend

From 9-29 February 2024, Amaze is offering 4,000 InstaPoints (worth S$40 cashback) to all cardholders who spend the equivalent of at least S$1,500 in MYR transactions.

Each MYR transaction must be at least S$10. For example, a transaction of S$5 worth of MYR would not be considered in the computation of the S$1,500 minimum spend.

Both card and wallet-funded Amaze transactions are included. Do note, however, that the exchange rate for wallet-funded transactions will be superior to card-funded transactions (where a spread of about 2% over Mastercard rates can be expected). That’s the price you pay for earning rewards, though with the right credit cards you’ll often find that it’s worth it.

No registration is required for this offer, and the 4,000 bonus InstaPoints will be credited by 31 March 2024.

You can find the T&Cs of this offer here.

The 4,000 bonus InstaPoints is on top of the usual earn rates of 0.5-1 InstaPoint per S$1.

Trxn Currency Funding Source
Amaze Wallet Debit & Credit Card
FCY 1 InstaPoint per S$1 0.5 InstaPoints per S$1

Amaze 2,000 InstaPoints joining bonus

If you don’t have an Amaze Card yet, there’s a special CNY joining bonus for The MileLion Community. 

From now till 18 February 2024, signing up with the referral code MILELN will get you 2,000 bonus InstaPoints (worth S$20 cashback), with no minimum spend required.

The bonus points will be credited by 31 March 2024.

You can find the T&Cs of this offer here.


The Amaze Wallet now supports Malaysian Ringgit, with competitive exchange rates and 4,000 bonus InstaPoints up for grabs to customers who spend at least S$1,500 in MYR from 9-29 February 2024.

If your main objective is to skip the moneychanger lines, however, do remember that withdrawing cash at overseas ATMs via the Trust Debit Card is probably a better option, as Amaze will impose a 2% fee.

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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