Amaze Wallet reviews & alternatives 2025,feature,pros and cons,price-crypto we hunt

Amaze Wallet reviews & alternatives 2025,feature,pros and cons,price

Brief Introduction

Amaze Wallet is a digital multi-currency wallet designed to simplify international transactions and currency exchanges. Launched in 2021, Amaze Wallet quickly gained popularity for its excellent exchange rates, cashback rewards, and user-friendly interface. It allows users to hold and exchange multiple currencies, making it an ideal choice for frequent travelers and international shoppers.

Amaze Wallet: https://amazewallet.com/

Amaze Wallet

Features

Multi-Currency Support

Amaze Wallet supports multiple currencies, allowing users to hold and exchange a wide range of foreign currencies directly from the app.

Cashback Rewards

Users can earn cashback rewards on their transactions. As of June 2024, Amaze Cardholders can earn up to 500 InstaPoints per month, which can be redeemed for $5 cashback.

No Foreign Currency Conversion Fees

Amaze Wallet eliminates foreign currency conversion fees, making international transactions more cost-effective.

Compatibility with Payment Systems

Amaze Wallet is compatible with Google Pay for Android users, allowing for convenient contactless payments.

Amaze Wallet

Link Multiple Cards

Users can link up to five Mastercard credit/debit cards to their Amaze Wallet, providing flexibility in managing their finances.

Pros

No Foreign Currency Conversion Fees: Overseas transactions are converted into SGD and charged to your underlying credit/debit card.
Cashback Rewards: Earn 0.5 InstaPoints (linked card) or 1 InstaPoint (wallet) per S$1 spent on FCY transactions of at least S$10, capped at 500 InstaPoints per transaction.
User-Friendly Interface: The app is designed to be intuitive and easy to use, making it accessible for both beginners and experienced users.
Compatibility with Google Pay: Android users can link their Amaze Wallet to Google Pay for seamless contactless payments.
No Annual or Application Fees: There are no annual, processing, or application fees associated with using Amaze Wallet.

Amaze Wallet

Cons

Limited Card Linking: Only Mastercard credit/debit cards can be linked. Visa or Amex cardholders must top up their Amaze Wallet, which does not earn rewards.
Fees for Wallet Top-ups: There is a 2.1% fee for Visa and a 1% fee for Mastercard top-ups.
Reduced Cashback Value: As of June 2024, the cashback value has been reduced, with 1,000 InstaPoints redeemable for only $5.
No Apple Pay Integration: Amaze Wallet does not support Apple Pay, limiting its usability for Apple device users.
Transaction Fees: Some transactions, such as GrabPay or e-wallet top-ups, incur a 2% fee.

Amaze Wallet

Price

Amaze Wallet is free to use, with no annual or application fees. However, users may incur fees for wallet top-ups and certain transactions.

Comparison with Other Brands

Feature/Brand	Amaze Wallet	Revolut	YouTrip	Wise
Price	Free	Free (Standard Plan)	Free	Free
Multi-Currency Support	Multiple currencies	Over 150 currencies	10 currencies	Over 50 currencies
Cashback Rewards	500 InstaPoints/month ($5 cashback)	No cashback	No cashback	No cashback
Foreign Currency Conversion Fees	No fees	No fees	No fees	No fees
Compatibility	Google Pay (Android)	Google Pay, Apple Pay	Google Pay, Apple Pay	Google Pay, Apple Pay
Transaction Fees	2.1% for Visa, 1% for Mastercard	Varies by plan	1.5% for Visa credit cards	0.41% minimum fee for currency conversion
User-Friendly	High	High	High	High

Alternatives

If Amaze Wallet doesn’t fit your needs, consider these alternatives:

Revolut: A comprehensive financial superapp that supports over 150 currencies and offers a range of services, including cryptocurrency trading.
YouTrip: A multi-currency card that supports 10 currencies and offers no foreign transaction fees, with additional features like contactless fare payments.
Wise: A platform that allows users to convert and hold over 50 currencies, with no additional markups on exchange rates.

Conclusion

Amaze Wallet is a user-friendly and cost-effective solution for managing multiple currencies and making international transactions. Despite some limitations, such as reduced cashback value and fees for wallet top-ups, its benefits make it a strong choice for frequent travelers and international shoppers. If you prioritize convenience, cashback rewards, and no foreign currency conversion fees, Amaze Wallet is definitely worth considering.

Amaze Wallet

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