Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Credit Card BYTES FROM OUR KITCHEN

    Maybank Credit Card

    Maybank is one of the leading banking institutes in Malaysia which also enjoys a strong presence in the surrounding regions as well. The bank caters to various sections of consumers and provides innovative banking solutions for corporate banking, personal banking, Islamic banking, investment banking and wealth management. Maybank’s consumer banking wing provides various products such as credit facilities such as secured and unsecured loans, overdraft facilities, and credit cards among other products. The credit cards offered by Maybank are a sought after product as it caters to the varying requirements of the customers.

    Why Choose Maybank Credit Card?

    Maybank has a wide range of credit cards on offer to suit the various needs of its large consumer base. The cards cater to customers from different walks of life and offer cardholders both, a conventional credit card and an Islamic credit card. The cards come packed with features such as cash rebates on specific expenses allowing cardholders to save more and the chance to earn reward points on every expense charged to the card which can be redeemed for gifts, air miles, or even more cashback. If the cardholders maintains a good record of payment, then interest rates on the card can start as low as 15% p.a. The annual fees of the card is also waived for the first year and cardholders have the provision of having it waived for subsequent years provided they meet certain spend criteria. The card is also widely recognised and makes for ideal travel companion. Not only does it earn higher rewards on overseas expenses, but is also widely accepted and recognized.

    Features and Benefits of Maybank Credit Card

    The following are the various features and benefits of Maybank Credit Cards:

    • The Maybank credit cards earn cashback on select expenses. The cashback earned can go as high as 5% on select expenses such as petrol or groceries.
    • Maybank credit cards also earn reward points in the form of TreatsPoints. These points can be redeemed for exciting gifts and can also be redeemed for air miles from a range of select frequent flyer programmes and can also be redeemed in the form of cashback.
    • Some Maybank credit cards also donate to charity. The card contributes a small percentage of the overall spend incurred on the card towards charity foundations.
    • Maybank cardholders can also enjoy ongoing promotional campaigns such as a chance to win an Umrah package or holiday package for 2 passengers every 3 months. The Maybank Islamic MasterCard Ikhwan Platinum Card provides one entry into the lucky draw for every RM200 charged to the card and a winner is announced every 3 months.
    • Cardholders can enjoy an interest-free period on the cards. Maybank cards come with a 20 days interest-free period.
    • The cardholder can enjoy golfing privileges at leading golfing institutes across the globe. Cardholders can enjoy golfing perks at over 79 golf clubs in over 17 countries.
    • Some cards also provide a complimentary travel insurance policy with a high cover any time the cardholders solely uses the card to purchase air tickets.

    Types of Credit Cards offered by Maybank

    The following are the various types of credit cards offered by Maybank:

    1. Maybank 2 Platinum Card: The card offers 2 iterations to cardholders that is the Platinum MasterCard and the Platinum American Express card and combines them with only one sign-up and one statement. The card earns 5X TreatsPoints on all spend incurred on the American Express card in Malaysia and overseas and earns 1X TreatsPoints on all spend incurred on the MasterCard. The card is a cashback card and earns cashback on all weekend expenses. The card earns a cashback of 5% on weekend expenses capped to RM50 per month. The card also offers dining privileges at all SPG Hotels and resorts in Malaysia and offers up to 50% savings for 2 diners and 40% savings for 3 to 10 diners.
    2. Maybank Visa Signature Card: The card comes with an annual fee waiver for the first year. The card earns TreatsPoints with every expense charged to it. The card earns 1 TreatsPoints (TPs) for every RM1 spent locally and 5 TPs for every RM1 charged to the card overseas. The card is also a cashback card and offers cardholders cashback of up to 5% on select expenses such as petrol and groceries. Only the cash rebates amounting to RM1 are awarded to the customer. The cashback earned on this card is capped to RM88 per month. TPs earned on the card can also be converted into cashback at the rate of 40,000 TPs for RM100.
    3. Maybank 2 Cards Premier: The card comes with an annual fee waiver for the first year and offers cardholders the chance to waive the fee for subsequent years when they charge a minimum of RM80,000 to the card in a year. The card also comes with up to 4 free supplementary cards. This credit card earns TreatsPoints which can be redeemed for miles. The card earns 1 TPs for every RM1 charged to the card locally and 5 TPs for every RM1 charged to the card overseas. The TPs can be redeemed for miles at the rate of 4,770 TPs for 1,000 Enrich Miles or KrisFlyer Miles or Asia Miles. The card also comes with a complimentary travel insurance policy with a cover of up to RM2 million every time the cardholder charges the entire cost of the air tickets to the card.
    4. Maybank Visa Infinite: The card comes with an annual fee waiver for the first year and fee waivers for subsequent years when the cardholders charges a minimum of RM50,000 to the card in a year. The card earns TPs and even offers TPs upon joining. The card earns up to 2 TPs for every RM1 charged locally and 5 TPs for every RM1 charged to the card overseas. The card is an ideal companion for any avid golfer. The card offers golfing privileges at over 79 golf clubs across the globe with 17 of those golf clubs in Malaysia itself. Perks include complimentary green fees for the cardholder and up to 10% in savings for any guest.
    5. Maybank Manchester United Visa Infinite: Cardholders can enjoy a far superior line of credit with this card. The card also offers a complimentary travel insurance policy with a cover of up to RM2 million when the card is solely used to purchase airfare. The card also earns TPs on every expense charged to it at the rate of 1 TPs for local charges and 5 TPs for overseas expenses. The card also earns 5X TPs for grocery expenses and 5X TPs on any purchase made using the card when Manchester United wins a Premier League match. Cardholders can also enjoy dining privileges at a wide selection of hotels and restaurants.
    6. Maybank Manchester United Visa Card: The card allows holders to not only show support for their favourite football team but also enjoy a range of perks and privileges. The card comes with a lifetime annual fee waiver with no strings attached. The card is a rewards card and earns points on every expense. The card earns 5X TPs on grocery expenses and 5X TPs on all purchases made any time Manchester United wins a Premier League match. The card also offers a discount of up to 10% on all purchases made at the United Online Megastore and Outlet and a 10% discount on all food and drink expenses incurred at Red Café, Old Trafford.
    7. Maybank 2 Gold Card: The card is a basic card which offers cardholders far more than basic perks. The cardholder can enjoy two cards that is the American Express and the Maybank in one statement and one sign-up. The card is equipped with a lifetime annual fee waiver. Expenses charged to the MasterCard or Visa card earn 1 TPs for every RM1 charged and for every RM1 charged to the American Express, the card earns 5 TPs. The card also earns cashback on the weekend at a rate of up to 5% on fuel and grocery expenses which is capped to RM50 per month. Cardholders can also enjoy a host of dining privileges at all SPG Hotels and Resorts in Malaysia.
    8. Maybank World Mastercard: This card from Maybank earns miles on every expense charged to it. The card earns 5 Treats Miles for every RM2 charged to it locally and earns 5 Treats Miles on every RM1 charged to the card overseas. These miles earned can be redeemed for Enrich Miles at the rate of 6,360 miles for 1,000 Enrich Miles. The card also offers a joining bonus of up to 50,000 Treats Miles upon successful approval of the card. The miles earned on the card never expire. Apart from miles, the card is also packed with features such as golfing privileges at over 79 golf clubs across the globe giving cardholders’ complimentary green fees and savings on guest charges as well as complimentary access passes to Plaza Premium Lounges.
    9. Maybank American Express Gold Credit Card: Those cardholders who maintain a prompt payment history can enjoy low interest rates on this card starting at just 9% p.a. The cardholder can also earn membership points on every expense charged to the card. The card earns 5X membership points on every RM1 spent on groceries, at Cathay Cineplexes, bookstores, and other select expenses. The card also earns 2X membership points on all other expense charged to the card. The card comes with a lifetime annual fee waiver and offers cardholders exciting dining perks and privileges at all SPG Hotels and Resorts in Malaysia.

    Eligibility Criteria to Avail Maybank Credit Card

    If you wish to get a Maybank Credit Card, you must meet the following eligibility requirements:

    • The minimum age requirement for a principal credit card is 21 years.
    • The minimum age requirement for a supplementary credit card is 18 years.
    • The minimum annual requirement will be as follows:
      • Maybank 2 Platinum Card – RM60,000
      • Maybank Visa Signature Card – RM70,000 to RM100,000
      • Maybank Islamic MasterCard Ikhwan Platinum Card – RM60,000
      • Maybank Islamic MasterCard Ikhwan Gold Card – RM30,000
      • Maybank 2 Cards Premier – RM120,000
      • Maybank Visa Infinite – RM120,000
      • Maybank Islamic Ikhwan Visa Infinite Card-I – RM120,000
      • Maybank Manchester United Visa Infinite – RM120,000
      • Maybank Manchester United Visa Card – RM30,000
      • Maybank 2 Gold Card – RM30,000
      • Maybank World Mastercard – RM120,000
      • Maybank American Express Gold Credit Card – RM30,000

    Documents Requirements to apply for Maybank Credit Card

    Cardholders are required to submit the following documents when submitting the duly filled application form:

    Salaried Applicant:

    • Copy of the applicant’s NRIC (front and back) or copy of the applicant’s Passport,
    • Copy of the most recent BE form along with the official tax receipt
    • Copy of the latest 3 months’ salary slips
    • Statement showing savings/current account activity for the most recent 6 months

    Self-Employed Applicant:

    • A Copy of the applicant’s Business Registration
    • Copy of the latest 6 months' bank statement
    • A copy of the most recent 3 months EPF statement

    Expatriate/Foreign Applicants:

    • A copy of the applicant’s passport with valid work permit
    • Letter of employment confirming duration of employment contract, designation and salary drawn

    Maybank Credit Card Promotions

    Maybank is one of the more popular banks in the country having a wide range of products and banking solutions. The bank has a credit card catering for its varied consumer base. The credit cards on offer not only provide cardholders with reward points that can be redeemed for miles and cashback but also offer cardholders periodic offers at select merchant outlets.

    These offers include special interest rates on payment plans such as a balance transfer plan or an EzyPay Plus. Cards also offer special discounts at select merchant outlets such as discounts on the total bill at specific stores. Cardholders can also enjoy discounts and privileges when they use the Maybank App.

    Maybank Balance Transfer

    Cardholders can manage their finances more effectively using a balance transfer plan available with the Maybank credit cards. Cardholders can transfer their outstanding credit card des accrued on other bank credit cards onto their Maybank credit card and pay them off at a lower rate of interest. Cardholders can apply for the balance transfer online on the Maybank website or by calling 1300 88 6688 to start the application process. The tenures of this plan go up to 36 months. For 6 and 9 months plan, cardholders must transfer a minimum amount of RM1,000 whereas those going in for a 24 or 36-month plan must transfer a minimum of RM2,000. Interest rates offered depend on the tenure chosen and are as follows:

    Tenure Interest rate
    6 months 0.50% per month
    9 months 0.75% per month
    12 months 0% per month with a 3% upfront fee
    24 months 0.375% per month
    36 months 0.413% per month

    Fees and Charges

    The following are the fees and charges applicable to the credit cards:

    Annual fees – Principal cards

    Maybank 2 Platinum Card – Free

    Maybank Visa Signature Card – RM550

    Maybank Islamic MasterCard Ikhwan Platinum Card – Free

    Maybank Islamic MasterCard Ikhwan Gold Card – Free

    Maybank 2 Cards Premier – RM800

    Maybank Visa Infinite – RM800

    Maybank Islamic Ikhwan Visa Infinite Card-I – RM800

    Maybank Manchester United Visa Infinite – RM800

    Maybank Manchester United Visa Card – Free

    Maybank 2 Gold Card – Free

    Maybank World Mastercard – RM1000

    Maybank American Express Gold Credit Card – Free

    Annual fees – Supplementary cards

    Maybank 2 Platinum Card – Free

    Maybank Visa Signature Card – First 4 cards are free, RM550 for subsequent cards

    Maybank Islamic MasterCard Ikhwan Platinum Card – Free

    Maybank Islamic MasterCard Ikhwan Gold Card – Free

    Maybank 2 Cards Premier – First 4 cards are free

    Maybank Visa Infinite – First 4 cards are free, RM400 for subsequent cards

    Maybank Islamic Ikhwan Visa Infinite Card-I – First 4 cards are free, RM400 for subsequent cards

    Maybank Manchester United Visa Infinite – First 4 cards are free, RM400 for subsequent cards

    Maybank Manchester United Visa Card – Free

    Maybank 2 Gold Card – Free

    Maybank World Mastercard – First 4 cards are free

    Maybank American Express Gold Credit Card – Free

    Joining fee None
    Finance charge on retail transactions 15% p.a. – 18% p.a.
    Finance charge on cash advance 18% p.a.
    Cash advance fee RM18 or 5% of the amount advanced, whichever is higher.
    Late payment charge 1% of the amount due or RM10 capped to a maximum of RM100
    Minimum monthly repayment RM25 or 5% of the outstanding balance, whichever is higher.
    Interest-free period 20 days
    Additional statement fee RM5 per copy
    Sales draft retrieval fee RM15 for original RM5 for copy
    Card replacement fee RM50 per replacement
    Conversion for overseas transaction Overseas transactions are converted into Malaysian Ringgit using exchange rate determined by Visa/MasterCard/American Express and inclusive of 1.25% fee charged by Visa/MasterCard and a 1% fee charged by Maybank. The fee charged for American Express cards are 2.5% of the converted amount.

    How to apply for a Maybank Credit Card?

    Applicants can apply for a Maybank Credit Card through the following ways:

    • Online: Applicants can find and download the application form online from the Maybank website. Cardholders must submit the duly filled application form along with the required supporting documents.
    • Branch: Applicants can visit the closest Maybank Branch and apply for the credit card.
    • Applicants can also leave their contact details with Maybank on their bank website and a bank representative will get in touch with them.

    How to increase Maybank Credit Card limit?

    Cardholders may require an increase in their credit limit to meet their varying requirements. Credit limit on the Maybank cards can be increased when a cardholder has an increase in their salary. Cardholders can find the increase credit limit form on the Maybank website which needs to be filled and submitted along with the following supporting documents:

    • Salaried applicant:
      • Most recent 3 months’ salary slip
      • Most recent BE form with the official tax receipt
      • Copy of the latest EPF statement
    • Self-employed applicant:
      • Most recent 6 months bank statement.
      • Copy of the applicant’s NRIC, both front and back.
      • Copy of latest BE form with LHDN receipt
      • Commission earners must provide latest 6 months commission statement

    The duly filled application form and the supporting documents can either be emailed to mbbcardservices@maybank.com.my, faxed to 03-7953 8640, or can be sent in by mail to Maybank Card Centre, 7th Floor, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur

    Maybank Credit Card Customer Care / Hotline Number

    The customer hot line numbers for Maybank are as follows:

    By Phone:

    • 1-300-88-6688 for local calls
    • 603-78443696 for overseas calls

    The lines are open 24 hours a day, 7 days a week including holidays.

    Maybank Credit Card FAQs

    Q. Can the Maybank Credit Card be used overseas?

    A. Yes, cardholders can use Maybank Credit Cards overseas at various establishments and can even make use of ATMs to make cash withdrawals overseas as the card is globally accepted.

    Q. Does the card payment history affect the interest rate charged?

    A. Cardholders are charged an interest rate based on their payment record. Tier 1 cardholders who are new cardholders or those who make prompt minimum monthly payments for 12 consecutive months are charged 15% p.a. Tier 2 cardholders who make 10 or more consecutive payments in a timely manner for a 12-month period are charged 17% p.a. and Tier 3 cardholders who make less than 10 prompt payments in a 12-month period are charged 18% p.a.

    Q. How long is the interest-free period on the Maybank credit cards?

    A. Cardholders enjoy a 20-day interest-free period on all retail purchases made using the card. Cash withdrawals will not receive any interest-free period and the interest rate of 18% p.a. is charged from date of withdrawal till the amount has been fully repaid.

    Q. What is the minimum amount required to transfer on a balance transfer plan?

    A. The minimum amount that can be transferred using a balance transfer plan is RM1,000 for tenures of 6, 9, and 12 months. The minimum amount for transfer on a 24 or 36-month tenure is RM2,000.

    Q. What is the minimum income required to acquire a Maybank Bank Credit Card?

    A. The minimum annual income required to acquire a Maybank Credit Card is RM30,000.

    Q. Can foreign nationals apply for Maybank credit cards?

    A. Yes. Expatriates and foreign nationals can apply for Maybank credit cards provided they meet the eligibility criteria.

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