Overview of Maybank Credit Cards
The credit cards offered by Maybank range from a signature to a platinum and infinite cards. They also offer gold, MasterCard and Visa cards that come packed with lots of special features and privileges. Some of the features that make these cards desirable are things like the fact that some of these cards are free for the first year. There are also those that are compliant with the rules of Islamic banking and those that are meant for frequent travellers. With some of these cards, cardholders can even take up to 4 free supplementary cards.
Why Choose Maybank Credit Cards
The credit cards offered by Maybank come packed with features that can range from a weekend cashback offer to free reward points and air miles when the cards are activated. It also offers free access to golf courses across the world and can even come with special offers and discounts at various outlets. Some of these cards can offer up to 50% when used for dining with a friend. These cards can also be taken by anyone between the ages of 18 years to 65 years.
Features and Benefits of Maybank Credit Cards
- The supplementary cards for most of these credit cards are issued for free up to 4 cards.
- The reward points can be redeemed at car rental services and air tickets.
- Some of these cards also contribute to charity every time they are used.
- Some of these cards also come with Maybank Touch ‘n Go Zing card.
- Some of the cards offered are compliant with the rules of Islamic banking.
- These cards are also available to expatriates.
Maybank Credit Cards Eligibility
To be able to take these cards there are certain eligibility criteria that needs to be fulfilled by the applicants. They are:
- The applicants must either be salaried or self-employed.
- The primary cardholder must be between the ages of 21 years and 65 years.
- The supplementary cardholder needs to be between the ages of 18 years and 65 years.
- The applicant must also comply with the minimum annual income guidelines for each card.
Maybank Credit Card Documents Required
The basic documentation required to apply for a Maybank kad kredit is as follows:
- Copy of NRIC (both sides) or passport, including supplementary applicant’s passport.
- Latest income tax return (Form J).
- Latest 2 months' salary slip and latest 3 months' Savings/Current Account activity/statements.
- For Self-employed – copies of Business Registration and latest 3 months' bank statements.
- For Expatriates – Letter from employer confirming duration of employment contract in Malaysia and applicant must be a Maybank account holder.
If you have been a Principal Credit / Charge Card member for at least 1 year for a card issued in Malaysia and valid worldwide, the following documents can be sent in by mail:
- Copy of NRIC (both sides) or passport, including Supplementary applicant’s passports.
- Copy of credit/charge card (both sides).
- Copy of your latest card statement.
Maybank Credit Card Application
Maybank credit cards can be applied for online or at the Maybank bank branches.
In order to apply for a Maybank kad kredit online from official website. Just fill out the application form, and select which credit card you would like to apply for. There are different credit cards with different benefits and features that may appeal to you more than others – so choose wisely. Once this process is completed, a Maybank representative will get in touch with you and get the process started.
If you’re going to the Maybank bank branch, you will required to fill out an application form and a bank representative will get in touch with you.
Alternatively, you can call 1-300-88 6688 or 603-7844 3696 (overseas).
Maybank Credit Card Payment
The outstanding balance on your Maybank credit card can be paid off in a number of ways:
- Payments of outstanding dues on your credit card can be made online through official website.
- You can also make payments at the Maybank bank branch.
- You can set up an auto-deduct facility whereby the bank will automatically deduct the due amount from your account on a given day.
Maybank Credit Card Centre
The Maybank kad kredit Centre can be contacted at 1-300-88 6688.
Alternatively, you can fax the Credit Card Centre at 03-7953 8610 (Platinum / Premier) or 03-7953 8600 (General / Gold & Classic).
Maybank Credit Card Customer Service
The Maybank Customer service team can be contacted on the hotline at 1-300 88 6688 or 603-7844 3696 (overseas). This is a 24 hour service, 7 days a week, including holidays.
Maybank credit card cash advance & interest on cash advance
Some of these cards allow for cash advances to be taken and the fee for this facility is 5% of the transaction amount or RM 18 whichever is higher. The interest rate charged on it is 18% per annum.
Interest free period of Maybank Kad Kredit
If all payments have been made on time then cardholders can get an interest free period of 20 days.
Maybank Secure Online Shopping (MSOS)
Maybank Secure Online shopping or MSOS is a feature that allows extra level of protection and security for online shopping payment done via MSOS Code. The merchants can request an online verification of the card member before proceeding with the payment.
|Read More on Maybank Secure Online Shopping (MSOS)|
Frequently Asked Questions – Maybank Credit Card
Q. What is the minimum income required for these kad kredits?
A. The minimum income for these cards is RM 24,000 per annum.
Q. How many cards can I take from Maybank?
A. The number of cards actually depends on the annual income and you may be able to take cards as long as the total credit limit does not exceed twice the annual income.
Q. What if my outstanding balance is too big for me to pay in one go?
A. In such a situation the bank can offer a payment plan where the outstanding balance can be paid in monthly instalments.
Q. If I am an expatriate, does the same minimum income rule apply?
A.This may be a requirement that will change with each card but with some cards the minimum income requirements may be different from those required for Malaysian citizens.
Click here for all Maybank Credit Card Promotions
Other Products offered by Maybank:
Apart from offering Credit Card, Maybank offers other products and services which include:
- Cash vs Cards Payments Malaysia
- How to Find the Perfect Credit Card in Malaysia
- How to Improve your Credit Rating in Malaysia
- How to Increase Credit Limit in Your Credit Card
- How to Pick an Emergency Credit Card
- Student Credit Cards in Malaysia
- Supplementary Credit Cards in Malaysia
- When to Use Credit over Cash
- Shed the Excess Interest Rates
- Protecting One’s Credit Card While Travelling
- Defaulting Your Credit Card Bills in Malaysia?
- Top 5 Reasons Why Owning a Credit Card is Good for You
- How to improve your chances of having a credit card approved
- Credit Card fraud: Are you aware of it?
- Understand Credit Card interest free period
- Reward Credit cards Malaysia
- Best Cash Back Credit Cards in Malaysia
- Best Zero Annual Fee Credit Cards in Malaysia
- Personal Loan Against Credit Card
- How to Maximise Your Credit Card Benefits
- Popular Credit Card Fees and Charges in Malaysia
- How to Apply for Credit Cards in Malaysia for Foreigners
- Top 10 Credit Cards in Malaysia 2016
- Best Low Interest Rate Credit Cards in Malaysia
- What charges do you pay for when you swipe your card overseas
- Best Petrol Credit Cards In Malaysia
- Credit Cards for Employees in Malaysia
- Common Mistakes to Avoid While Applying for a Credit Card
News About Maybank Credit Card
Maybank to Double Contactless Payments Using Samsung Pay
Maybank or Malayan Banking Bhd is looking to double the number of its customers utilizing contactless payments by the end of 2017 with Maybank Samsung Pay.
The bank said that this positive outlook comes as a result of the wide success of Samsung Pay, the wallet launched in July, 2017, in Malaysia. The wallet has notched up 40,000 installations till date.
Michael Foong, the chief strategy officer of Maybank group, said that Samsung Pay is already the most popular service for cashless mobile payment and is expected to attract more cardholders. This service enables Maybank customers to make payments charged directly to their Visa credit or debit cards using Android smartphones without the need of using the cards physically.
Maybank cardholders had the first shot at enjoying the benefits of Maybank Samsung Pay with the July launch of a beta version of the service made available to Visa credit, debit and prepaid cardholders of Maybank. A similar wallet was also launched in September, 2016 at Singapore and registered around 5,000 installations by Maybank cardholders.
Samsung Pay is compatible with a number of Samsung smartphones like the S6 edge+, Galaxy S7 and S7 edge, Galaxy A5, Note5, and Galaxy A7.
9th January 2017
Samsung and Maybank announce the introduction of Samsung Pay
Samsung and Maybank introduced a contactless mobile payment service called Samsung Pay. It can be used to make purchases at places that accept credit cards, debit cards, and prepaid cards. The beta service will be available to users that have Maybank credit, debit, or prepaid cards and will be compatible with Samsung smartphones. The app is easy to use and will be widely available. Maybank is confident that they can provide seamless mobile payment experience to their customers to make their lives more convenient.
21st December 2016
Wealth app introduced by Maybank
Maybank introduced a new mobile application called Maybank Wealth App for its private wealth and premier wealth customers. The new app introduction is in conjunction with the continued growth of digital affluent customers. The app will simplify the way affluent customers can view and manage their accounts. There has been 11% growth in affluent and high net worth customer base. This was achieved by continuous innovation in the product offering and service delivery. The app offers personalised advice and arranges for a call back anytime. It will also act as a personal finance calendar and update the user about the maturity, news, etc.
25th November 2016
Malayan Banking exits Visa
Maybank sold its entire state in Visa Inc for $93.9 million. This move will boost the bank’s capital position. The sale involves class- A common 1.19 million shares in Visa. This is a part of Maybank becoming capital efficient by rationalising its non-core assets. The proceeds of the sale will be used as working capital. The business relationship with Visa will continue. The buyer of these shares has not been disclosed. The sale is less than 0.1% stake in Visa. In August, Maybank disposed its Thai asset management company and also exited Papua New Guinea in September.
23rd November 2016
Maybank and CIMB to get a boost from bilateral move
The Indonesian and Malaysian regulators move to give banks greater access to each other’s market will boost the top line and bottom line of Malayan Banking and CIMB Group Holdings. This will give the banks a wider access to grow their financing books. This is a win-win situation as the foreign investor will obtain access to growing middle class in the South East Asia’s economy. This agreement will reduce disparity between countries in the banking activities and market access.
8th August 2016
Maybank Investment Bank named as Malaysia’s best Investment Bank
Maybank Investment Bank has been named as the best Investment Bank in Malaysia for the second consecutive year. Maybank IB’s CEO Jatuk John Chong in a statement attributed this honour to the clients and to the team. Maybank IB was commended for Malaysian Equity Capital Market deals. Maybank IB has the biggest sukuks and ringgit bonds in Malaysia. Some of the notable deals completed were Sime Darby’s RM3 billion Perpetual Subordinated Sukuk Programme, Jimah East Power’s RM8.98 billion Sukuk Murabahah and Indonesian deals for XL Axiata and Garuda.
1st August 2016
Maybank launches MaybankPay- Malaysia's first mobile wallet
Recently, Maybank launched MaybankPay in Malaysia - the first mobile wallet in Malaysia. MaybankPay is launched with the purpose of helping customers pay cashless payments by using smartphones or other handheld devices. The newly launched service is a part of Maybank's agenda of improving its digital offerings. Using this service, now customers can easily make cashless payments simply by scanning their mobile phones at merchant cards stations. In the first year, Maybank targets to get minimum 20,000 users to register for this service.
25th July 2016
Maybank expect slower credit card spending
Maybank is expecting a lower credit card spending for the year as consumers are more prudent on spending. The bank is however aiming to maintain a 15% growth in its credit card base for the year. Maybank has been the highest card issuer with over 1 million credit card customers. Maybank launches MaybankPay that will enable customers to make cashless payment using their smartphones and the payment will be charged to Visa cards. This is part of the bank’s strategy to strengthen their digital offering. The bank is planning on implementing MaybankPay in Singapore, Philippines and Indonesia.
22nd July 2016
Maybank’s Net Profit down, says CIMB Research
In the first quarter of 2016, Maybank's net profit has gone down. This is revealed by a comparative research done by CIMB. It says that Maybank’s net profit in the first quarter of 2016 was 20% which is below expectation of CIMB’s full year forecast. The research also states that no dividend was declared in this quarter. The CIMB Group reveals that the poor result in the first quarter compelled CIMB to lower their financial earnings per share forecasts by 3.6%, and its DDM-based target price to RM10.6 in 2016.
1st June 2016
CIMB and Maybank are likely to be affected by New BNM regulations.
It is expected that the new guidelines which Bank Negara is planning to introduce may affect the two major banks in the UAE - CIMB and Maybank. Maybank and CIMB may severe problem as the proposed new rules, chief executive officer of a bank would not be able to take over as a chairman of the board. Bank Negara Malaysia proposed this rule with the purpose of improving the governance standards in the board of all financial organizations, Malaysia.
The new rules also include that banks must have a majority of independent directors on their individual boards. BNM has already sent the guidelines to banks in the month of March seeking feedback from banks. It is expected that the new guidelines set by Bank Negara Malaysia shall be adopted by banks shortly.
25th May 2016