Now that the “revenge travel” phenomenon has finally tapered off, many of us may finally be looking to treat ourselves to some much-needed R&R overseas – whether it is for balik kampung to London or catching a Taylor Swift concert in Europe (because you couldn’t get tickets in Singapore). As you tick off your travel checklist, you may also be planning how much cash to carry with you.

Budgeting aside, there are also different payment methods to consider: cash, prepaid cards, debit cards, credit cards, and, for some countries, even e-wallets! Most of the time, a cash + card combo does the trick – but which card?

Cash? Card? E-Wallet? Traveller’s Cheque?!

There are various credit cards that offer boosted rewards for overseas transactions, but they also come with foreign currency markup and conversion fees that are usually hidden in the fine print. These may come up to 2-3% of the transaction value, so if your card’s rewards or benefits cannot compensate for this extra cost, you’ll end up paying more.

Meanwhile, prepaid cards have grown popular in recent years as a credit card alternative with no hidden fees. In recent times, however, their exchange rates are no longer as competitive as they used to be, which then means you also pay more without really noticing.

That leaves us with debit cards. Traditionally, a debit card also has some foreign conversion fees and does not come with any rewards or benefits, thus not making it a viable option beyond being a convenient one. But what if we tell you that there is a debit card that goes beyond the norm, offering perks on top of the usual conveniences? 

Enter the GX Card, the new debit card from GXBank – Malaysia’s first digital bank. The GX Card combines the convenience of a debit card with additional benefits, making them a surprisingly compelling payment option – both internationally and locally. 

ZERO Markups & No Hidden Fees On Overseas Transactions

With the GX Card, your overseas spending is as straightforward and transparent as it can be. Unlike your standard credit or debit card, the GX Card has zero hidden fees on transactions made abroad – that means no conversion fees, no bank markups, and at competitive rates determined directly by Mastercard. 

The best part is this feature isn’t limited only to retail transactions, but also applies to online purchases as well. You’ll also still enjoy the competitive conversion rates for overseas cash withdrawals too (but do note that overseas ATMs usually have withdrawal fees set by the local banks). All of these mean that you can enjoy the actual cost of your shopping, dining, transportation, and virtually any foreign transaction without worrying about inflated prices due to hidden fees. 

1% Unlimited Cashback

Beyond having no markups and hidden fees for your foreign transactions, the GX Card further rewards your holiday spending with 1% unlimited cashback, even for transactions abroad!

Yes, you read it right, it’s unlimited — there is no maximum limit or capping, for all local and foreign transactions above RM1.  So, with the GX Card as your overseas spending companion, you can look forward to considerable savings.

Why? When you factor in the competitive FX rates, zero markups or hidden fees, and the 1% unlimited cashback, these all can amount to immediate savings of over 3% compared to paying with a credit card. Even when compared to cash, you’re looking at at least 1% in savings – after all, not all money changers offer competitive rates like the GX Card!

Not to forget, this cashback benefit applies not only to your travels, but also to virtually every transaction you make locally too! Of course, some exclusions apply, such as e-wallet reloads and government-related transactions, but this is currently the only debit card in Malaysia offering unlimited cashback in this manner.

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The GX Card is not your regular debit card. Thanks to its native features and unlimited cashback advantage, it aims to combine the best parts of other payment methods into a single card – making it a particularly useful travel companion.

Looking to get one for yourself? Simply download the GXBank mobile app, complete the account opening process, and once verified, you’ll be greeted with a banner to apply for the debit card. Next, click apply, confirm your mailing address, and you’ll have it delivered right

• TAGS:
• Cashback
• GX Card
• GXBank
• GXBank Debit Card
• Overseas Spending