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MCC Exclusions & Charges

Team Instarem

February 02, 2023


Amaze Card by Instarem

  • List of merchants excluded from amaze rewards.
  • A fee of 2% is charged for funding e-wallets, external accounts, prepaid cards in SGD.

amaze rewards exclusions

We have updated the amaze rewards eligibility criteria with the following merchant category codes (MCCs) being excluded from January 1, 2022. You can earn unlimited InstaPoints on FX spends made on amaze at all other merchants, capped at 500 InstaPoints per FX transaction.

Here’s the list of merchants excluded from amaze rewards.

MCC

Description

4111 Railroads, Transportation Services
4784 Tolls and Bridge Fees
4900 Utilities: Electric, Gas, Water, and Sanitary
5047 Medical, Dental, Ophthalmic and Hospital Equipment and Supplies
5199 Nondurable Goods (Not elsewhere classified)
5960 Direct Marketing: Insurance Services
5993 Cigar Stores and Stands
6012 Financial Institutions: Merchandise, Services, and debt Repayment
6211 Security Brokers/Dealers
6300 Insurance Sales, Underwritting, and Premiums
6513 Real Estate Agents and Managers: Rentals
6540 Non-Financial Institutions – Stored Value Card Purchase/Load
7299 Other Services (Not elsewhere classified)
7349 Cleaning, Maintenance and Janitorial Services
7523 Parking Lots, Parking Meters and Garages
8062 Hospitals
8211 Elementary and Secondary Schools
8220 Colleges, Universities, Professional Schools, and Junior Colleges
8241 Correspondence Schools
8244 Business and Secretarial Schools
8249 Vocational and Trade Schools
8299 Schools and Educational Services
8398 Charitable Social Service Organisations
8661 Religious Organisations
8675 Automobile Associations
8699 Membership Organisations
9211 Court Costs, including Alimony and Child Support
9222 Fines
9223 Bail and Bond Payments
9311 Tax Payments
9399 Government Services
9402 Postal Services

2% fee charge

Starting from February 20, 2023, amaze charges a fee of 2% (minimum $0.50 SGD) when you use your amaze card with your linked card to fund e-wallets or prepaid cards, or make trading, crypto and EZ-Link wallet top-ups in SGD.

There are no fees if your transaction is made in FX, or if such payments are made when you use your amaze cards with your amaze wallet.

These include but are not limited to the below:

MCC Category Merchant Examples
6540 Non-Financial Institutions – Stored Value Card Purchase/Load GrabPay Wallet, ShopeePay, Revolut, CRO, YouTrip
6211 Security Brokers/Dealers Xmglobal, Plus500, eToro, IG.com
6051 Quasi Cash–Merchant Coinhako, Coinbase, Wirex, Kucoin
Others EZ-Link wallet top-ups and TransitLink General Ticketing Machines

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

For more information on this, please refer to amaze T&Cs.

MCC Exclusions & Charges

  • List of merchants excluded from amaze rewards.
  • A fee of 2% is charged for funding e-wallets, external accounts, prepaid cards in SGD.

amaze rewards exclusions

We have updated the amaze rewards eligibility criteria with the following merchant category codes (MCCs) being excluded from January 1, 2022. You can earn unlimited InstaPoints on FX spends made on amaze at all other merchants, capped at 500 InstaPoints per FX transaction.

Here’s the list of merchants excluded from amaze rewards.

MCC

Description

4111 Railroads, Transportation Services
4784 Tolls and Bridge Fees
4900 Utilities: Electric, Gas, Water, and Sanitary
5047 Medical, Dental, Ophthalmic and Hospital Equipment and Supplies
5199 Nondurable Goods (Not elsewhere classified)
5960 Direct Marketing: Insurance Services
5993 Cigar Stores and Stands
6012 Financial Institutions: Merchandise, Services, and debt Repayment
6211 Security Brokers/Dealers
6300 Insurance Sales, Underwritting, and Premiums
6513 Real Estate Agents and Managers: Rentals
6540 Non-Financial Institutions – Stored Value Card Purchase/Load
7299 Other Services (Not elsewhere classified)
7349 Cleaning, Maintenance and Janitorial Services
7523 Parking Lots, Parking Meters and Garages
8062 Hospitals
8211 Elementary and Secondary Schools
8220 Colleges, Universities, Professional Schools, and Junior Colleges
8241 Correspondence Schools
8244 Business and Secretarial Schools
8249 Vocational and Trade Schools
8299 Schools and Educational Services
8398 Charitable Social Service Organisations
8661 Religious Organisations
8675 Automobile Associations
8699 Membership Organisations
9211 Court Costs, including Alimony and Child Support
9222 Fines
9223 Bail and Bond Payments
9311 Tax Payments
9399 Government Services
9402 Postal Services

2% fee charge

Starting from February 20, 2023, amaze charges a fee of 2% (minimum $0.50 SGD) when you use your amaze card with your linked card to fund e-wallets or prepaid cards, or make trading, crypto and EZ-Link wallet top-ups in SGD.

There are no fees if your transaction is made in FX, or if such payments are made when you use your amaze cards with your amaze wallet.

These include but are not limited to the below:

MCC Category Merchant Examples
6540 Non-Financial Institutions – Stored Value Card Purchase/Load GrabPay Wallet, ShopeePay, Revolut, CRO, YouTrip
6211 Security Brokers/Dealers Xmglobal, Plus500, eToro, IG.com
6051 Quasi Cash–Merchant Coinhako, Coinbase, Wirex, Kucoin
Others EZ-Link wallet top-ups and TransitLink General Ticketing Machines

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

For more information on this, please refer to amaze T&Cs.

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