AmBank launched NexG PrePaid MasterCard at July 1st, 2006. You can get the starter pack at 7-Eleven for RM25.
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What is NexG PrePaid MasterCard
Similar to debit card, you can use the card to purchase stuffs as if you are using a credit card but the usage is limited to how much prepaid money you have in the card.
How to get NexG PrePaid MasterCard?
Simply buy the AmBank NexG PrePaid MasterCard Starter Pack which is available now at 7-Eleven in the Klang valley. Sign your name on reverse of the card and submit registration form in the Starter Pack, along with a photocopy of your NRIC.
How to top-up the prepaid card?
AmBank cash deposit machines and internet banking facility.
Fees and Charges?
The starter pack is RM25. The monthly fee is RM3 per month, which will be deducted automatically. For oversea transactions (online purchase?), a Foreign Exchange/Copnversion Fee based on 1% of the purchase value will be charged. Plus, RM1 for Retail Transaction Fee.
Can NexG used for online purchase?
I am not sure. I can’t get a starter pack here yet.
Generally, if the card has a card number, expiry date and secure number, then it can be used for online purchase.
Should I use PB debit card or AmBank NexG PrePaid MasterCard?
Personally, I recommend PB debit card because:
- PB debit card is FREE registration.
- PB debit card does not charge monthly fee. Yearly fee is only RM24.
- PB debit card does not charge for overseas/online transactions.
- PB debit card sends you monthly statements.
My two cents
AmBank NexG PrePaid MasterCard looks interesting but, in my opinion, PB debit card is a cheaper and more reliable solution. I am a happy PB debit card user. Would I get NexG card too? Yes, I would. I will test it for online purchase and PayPal verification.
Have you got the NexG starter pack?
[Thanks to Shahirudin for the news]