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    Maybank Islamic Credit Card

    Maybank is among the leading banks in Asia and enjoys a strong presence in Malaysia and in the surrounding ASEAN regions as well. The bank mainly caters to consumer banking and commercial banking but also provides expertise and service in investment banking and wealth management. Maybank offers both conventional and Islamic banking solutions to its commercial as well as consumer banking customers. Maybank’s Islamic consumer banking wing provides a host of credit facilities with the Islamic credit cards being one of their more popular products as it caters to the varying requirements of the customers.

    Why Choose Maybank Islamic Credit Card?

    Maybank’s Islamic credit cards are first and foremost Shariah compliant and can be used at Halal only merchants. The profit rates offered on the card are competitive and start as low as 15% p.a. for cardholders who make prompt minimum monthly payments. The cards are packed with a range of features that reward the cardholder on every expense charged to the card. The card earns cash rebates on specific expenses at varying rates which allow cardholders to save more. The cards also earn reward points on every expense charged to the card which can be redeemed for air miles, gifts, or even cashback. The annual fees of two of the three Islamic cards are waived for life. The cards along with being internationally recognised, even offer value added perks such as a complimentary golf green fees at over 62 golf clubs across the globe making it an ideal travel companion. The Maybank Islamic credit cards also donate a portion of the expenses charged onto the card towards a charitable cause.

    Benefits of Maybank Islamic Credit Cards

    The following are the various features and benefits of Maybank’s Islamic credit cards:

    • The Maybank Islamic credit cards are Shariah compliant and can only be used at Halal merchants or to purchase halal items.
    • The annual fee is waived for the Maybank Islamic MasterCard Ikhwan Platinum Card and Maybank Islamic MasterCard Ikhwan Gold Card
    • The Maybank Islamic MasterCard Ikhwan Platinum Card offers cardholders a chance to win a weekly Umrah or holiday package through a lucky draw. The amount charged to the card will determine how many entries a cardholder can get to participate in the draw and winners are announced every 3 months.
    • The cards earn cash rebates on specific expenses such as groceries and petrol. The cash rebate earned is for specific expenses on Fridays and Saturdays.
    • The Maybank Islamic Ikhwan Visa Infinite Card-I earns reward points on every expense charged to it. The points earned can be redeemed for frequent flyer miles such as Enrich Miles, KrisFlyer Miles or Asia Miles.
    • The card offers golfing perks such as complimentary green fees at over 62 leading golf clubs globally.

    Types of Credit Cards offered by Maybank Islamic

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

    1. Maybank Islamic MasterCard Ikhwan Platinum Card: This Islamic credit card from Maybank offers cardholders a chance to either win an Umrah package (for Muslim cardholders) or a holiday package (for non-Muslim cardholders). The card offers holders a weekly Umrah or Holiday package for 2 passengers as part of a lucky draw. For every RM200 charged to the card, the cardholder gets 1 entry into the campaign. The winner is announced every 3 months. Apart from a free Umrah/Holiday package, the card also earns cash rebates of up to 5% on petrol and grocery expenses incurred on Fridays and Saturdays. The cash rebate earned is capped to RM50 per month. The card also contributes 0.1% of all spend towards charity purposes.
    2. Maybank Islamic MasterCard Ikhwan Gold Card: This Islamic card from Maybank offers cardholders an Umrah package or Holiday package as part of a lucky draw. For every RM200 charged to the card the cardholder is given 1 entry into the draw. The winner of the draw is announced every 3 months and winners will get 1 Umrah package for 2 passenger or a holiday package for 2 passengers if the cardholder is non-Muslim. The package cannot be transferred or exchanged. The card also earns 5% cash rebate on all petrol and grocery expenses incurred on Fridays and Saturdays which is capped to RM50 per month. The card also contributes 0.1% of all expenses charged to the card towards charity.
    3. Maybank Islamic Ikhwan Visa Infinite Card-i: The card is a rewards card which earns points on every expense charged to it. The card earns up to 5 TPs on all overseas expenses charged to it and earns 2 TPs on all local expenses charged to it. The card also offers cardholders 10,000 TPs upon joining. The TPs earned can be redeemed for air miles from various frequent flyer programmes. The redemption rate is 4,770 TPs for 1,000 Enrich Miles or 1,000 KrisFlyer Miles or 1,000 Asia Miles. Cardholders can also enjoy complimentary green fees on this card when used for golfing. Cardholders can enjoy this perk at over 17 clubs in Malaysia and at over 62 cubs globally.

    Eligibility Criteria to Avail Maybank Islamic Credit Card

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

    • The minimum age required to acquire a principal credit card is 21 years.
    • The minimum age required to acquire a supplementary credit card is 18 years.
    • The minimum annual requirement will be as follows:
      • Maybank Islamic MasterCard Ikhwan Platinum Card – RM60,000
      • Maybank Islamic MasterCard Ikhwan Gold Card – RM30,000
      • Maybank Islamic Ikhwan Visa Infinite Card-I – RM120,000

    Documents Requirements to Apply for Maybank Islamic Credit Cards

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

    Salaried Applicant:

    • A front and back copy of the applicant’s NRIC or valid Passport
    • A copy of the latest BE form along with the official tax receipt
    • A copy of the most recent 3 months’ salary slips
    • A copy of the bank statement showing activity in savings/current account for the most recent 6 months

    Self-Employed Applicant:

    • A copy of the applicant’s Business Registration
    • A copy of the latest bank statement showing at least 6 months of activity
    • A copy of the latest 3 months EPF statement

    For Foreign Nationals:

    • A copy of the applicant’s valid passport along with a valid work permit
    • A letter of employment from the applicant’s employer confirming designation, duration of the employment or contract, and the salary drawn by the applicant

    Maybank Islamic Credit Card Promotions

    Maybank being one of the more popular banks in Malaysia offers not just reward points and cash rebates upon use of the card but also rewards cardholders with a slew of promotional offers and discounts. These promotional offers are provided on a periodic basis and allow cardholders to enjoy perks such as vouchers and discounts at select merchant outlets. The offers don’t just end at participating outlets. Cardholders can also enjoy promotional rates on services offered by Maybank credit cards such as promotional interest rates on balance transfer plans and on instalment payment plans. Cardholders who use the Maybank App can also enjoy exclusive promotional offers.

    Fees and Charges

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

    Annual fees – Principal cards

    Maybank Islamic MasterCard Ikhwan Platinum Card – Free

    Maybank Islamic MasterCard Ikhwan Gold Card – Free

    Maybank Islamic Ikhwan Visa Infinite Card-I – RM800

    Annual fees – Supplementary cards

    Maybank Islamic MasterCard Ikhwan Platinum Card – Free

    Maybank Islamic MasterCard Ikhwan Gold Card – Free

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

    Finance charge on retail transactions

    15% p.a. for Tier 1 cardholders

    17% p.a. for Tier 2 cardholders

    18% p.a. for Tier 3 cardholders

    Finance charge on cash advance 18% p.a.
    Cash advance fee The higher of RM18 or 5% of the amount advanced.
    Late payment charge 1% of the amount due or RM10 with a maximum fee of RM100
    Minimum monthly repayment The higher of RM25 or 5% of the outstanding balance.
    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 for every replacement
    Conversion for overseas transaction Overseas transactions are converted into Malaysian Ringgit using exchange rate determined by Visa/MasterCard International. An additional fee of 1.25% is charged by Visa/MasterCard along with a 1% fee charged by Maybank.

    How to Apply for a Maybank Islamic Credit Card?

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

    • Applicants can find and download and submit the duly filled application form along with the required supporting documents. The form can be found on the Maybank website.
    • Applicants can visit the nearest Maybank Branch and apply for the credit card.
    • Applicants can leave their contact details with Maybank on their website and a bank representative will get in touch with them.

    Maybank Islamic 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 Islamic Credit Card FAQs

    Q. Can the Maybank Islamic Credit Card be used overseas?

    A. Yes, cardholders can use the cards overseas to withdraw cash at ATMs. The card can only be used for purchases at Halal merchants or for halal items only.

    Q. Who are Tier 1, Tier 2, and Tier 3 cardholders?

    A. Tier 1 cardholders are new cardholders or those who make prompt minimum monthly payments for 12 consecutive months and are charged the least profit rate of 15% p.a. Tier 2 cardholders are those who make 10 or more consecutive payments in a timely manner for a 12-month period are charged a rate of 17% p.a. whereas Tier 3 cardholders are those who make less than 10 prompt payments in a 12-month period and are charged the highest profit rate of 18% p.a.

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

    A. Cardholders will receive a 20-day interest-free period on all retail purchases made using the card. The interest-free period is not applicable to cash withdrawals.

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

    A. The minimum amount that has to be transferred using a balance transfer plan is based on the tenure chosen. For tenures of 6, 9, or 12 months, a minimum amount of RM1,000 has to be transferred. For tenures of 24 or 36 months, a minimum amount of RM2,000 is required.

    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 non-Muslims apply for Maybank Islamic credit cards?

    A. Yes. Non-Muslim applicants can apply for the Islamic credit cards provided they meet the eligibility criteria.

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