TNG eWallet has reduced its credit card transferrable limit from RM5,000 to RM1,000 amount. If you want to cash out more from your credit card, TNG eWallet still allows you to do so but they will charge a fee.
which seems to be an attempt to curb users from cashing out their credit card reloads. Verified TNG eWallet users on the premium level are currently permitted to transfer reloads made by credit card up to RM5,000 per month. With the upcoming change which will take effect from 22nd March 2023, credit card reloads with be subjected to a monthly transferable limit of just RM1,000 per month.
As stated in the new T&C, the monthly quota of transferrable credit card reload amount will be limited to just RM1,000 regardless if you’re a verified Pro or Premium eWallet user. However, if you really need to transfer more, TNG eWallet will still allow you to do so but they will impose additional fees.
It is mentioned that once you’ve hit the accumulative RM1,000 per month limit, any subsequent manual reloads using credit cards will be provided with an option to choose the reloaded sum to be categorised as transferrable or non-transferable. If you choose transferable, TNG eWallet will charge you a 1% administration fee per transaction. This means an additional RM1,000 transferrable fund via credit card reload will cost you RM10.
It is mentioned that credit card reloads exceeding the RM1,000 quota conducted via auto reload will be categorised as non-transferable and you won’t be charged the 1% admin fee. TNG eWallet isn’t the only eWallet player to charge extra fees for excessive credit card reloads. BigPay initially reduced its
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