As the name suggest, the Visa Infinite credit card offered by Maybank is an exclusive card that comes with high credit limits and an army of features and benefits. This card comes packed with benefits that range from reward points to exclusive privileges for avid golfers and exclusive privileges for travellers. It also comes with access to customer service that is available 24x7 and even provides protection for cardholders through its travel insurance.
Some of the features that make this card so attractive are:
The annual fee for the primary card is RM 800.
The annual fee for supplementary cards taken on this card is RM 400.
The interest rate charged on these cards is 15% to 18% per annum with the lower interest rates being assigned to prompt payment of charges due.
The card also allows for a part of the credit limit to be withdrawn as cash and the interest rate charged on these transactions is 18% per annum.
The card can also be used to complete transactions in other currencies but a charge of 1% to 1.5% may be charged by MasterCard and Visa for the same.
Apart from the features, this card also offers some amazing benefits to the cardholders. These benefits are:
The annual fee for the primary cards is waived off for the first year.
The annual fee can also be waived off for subsequent years if a total of RM 50,000 is spent on the card every year.
The first four supplementary cards don’t have an annual fee associated with it them.
Cardholders can earn 2 TreatsPoints for every RM spent in Malaysia and overseas transactions earn them 5 TreatsPoints.
The card also gives 10,000 TreatsPoints for free when the card is activated.
The reward points earned can be converted into air miles where 4,770 TreatsPoints equal 1,000 air miles.
The reward points can also be redeemed when booking cruises and taking cars on rent.
The card also offers complimentary access to select golf clubs in the country and abroad.
Frequent travellers can access lounges at various airports 5 times a year for free.
The complementary access also extends to Plaza Premium Lounge at the Kuala Lumpur International Airport.
Travels also get priority treatment at immigration checks at over 200 airports around the world.
In order to be eligible for this credit card, applicants will need to fulfil certain eligibility criteria and also submit particular documents. These are:
The minimum annual income for this card is RM 180,000.
The age of the applicants will also have to be between 21 years and 65 years.
The age of the supplementary cardholders also needs to be between 18 years and 65 years.
Expats applying for this card will also have to have an account with the bank.
The documents needed depend on the applicant’s status as a resident, expat, salaried and self-employed individual. The documents that can be asked for are:
A copy of the NRIC or a passport.
The latest BE form along with a receipt for tax paid, for information on income tax.
The payslips for the last 3 months.
The bank statement for the last 6 months.
The documents pertaining to the registration of a self-employed persons business.
A letter from an expatriate’s employer confirming the employment and its duration.
The Visa infinite card allows for balance of other cards to be transferred to this card.
The protection plan offered by this card is that of a travel insurance. This travel insurance is activated when the card is used to pay for tickets and can cover the individual for an amount of up to RM 2 million. The insurance will also cover missed connecting flights, lost or delayed baggage and acquisition of emergency clothing in such cases, provided the purchase is charged to the credit card.