What is the Convenience Fee Waived Limit?
The Convenience Fee Waived Limit is a monthly limit of RM1,000 for you to Add Money to your Boost Wallet via Credit Card without any Convenience Fee imposed.
If you exceed your Convenience Fee Waived Limit, you will be charged the 1% Convenience Fee on the amount exceeding the Limit.
Example:
- User A has added RM500 to their Boost Wallet via Credit Card. They will not incur any charges on the RM500 and will have a Convenience Fee Waived Limit balance of RM500.
- User B has added RM1,200 to their Boost Wallet via Credit Card. They will not incur any charges on the first RM1,000, but will be charged the 1% Convenience Fee on the remaining RM200. The total Convenience Fee incurred is RM2 (RM200 * 1%).
- User C has added RM1,200 to their Boost Wallet via Credit Card in Month 1 and RM400 in Month 2. In Month 1, they will be charged the 1% Convenience Fee on the RM200, incurring a Convenience Fee of RM2 (RM200 * 1%). In Month 2, they will not incur a Convenience Fee as they have not exceeded their monthly Convenience Fee Waived Limit.