What Is Wise Card?
The Wise Card is an international debit card that connects to a Multi-Currency Account. This card helps you save money when you spend globally. It converts your funds using the real exchange rate that you see on Google. It’s ideal for travel and online shopping.
Frequently Asked Questions (FAQ) For Wise Card
1. What are the benefits of the Wise Card?
The Wise Card is a multi-currency card that allows you to spend in over 40 currencies across 160 countries and territories.
A major benefit is that you never have to worry about exchange rate markups or high transaction fees when spending abroad. You can use the Wise virtual card with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay straight away for instant online and in-store payments.
The card also features enhanced security, letting you instantly freeze and unfreeze your card, generate up to 3 virtual cards for peace of mind, and receive notifications for every transaction.
Additionally, you can take out cash abroad for free on withdrawals up to the first RM1,000, after which only a super-low fee applies.
Other than that, you can also send money worldwide by making fast and cheap international transfers to save on fees, and receive money fast by getting paid easily in other currencies with global account details.
2. What are the fees and charges I have to pay?
The primary fee is a one-time card order fee of RM13.70. There are no exchange rate markups as Wise uses the real exchange rate. You get 2 free withdrawals monthly under RM1,000. After that, it's an RM5 fee per withdrawal, and transactions over RM1,000 incur a 1.75% charge on the excess amount.
3. Who can apply for the Wise Card?
The card is available to residents of eligible countries, including Malaysia, who must open and verify a Wise account.
How can I apply for the Wise Card?
To apply for the card, you must first open a free Wise account in minutes. Once the account is opened and verified, you can order the physical card. After ordering, you can immediately start spending with a Wise virtual card.
