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Friday, January 21, 2011

MAYBANKARD 2 CARDS - American Express Visa and MasterCard



 Epilogue - Battle of Cash Back Credit Cards  - First Wave

There are so many credit cards in the market, and if you have read my previous posts, there isn't one that is an all rounder or best card. The cash back scheme started with Direct Access giving 2% cash back for petrol many years ago and last year more banks offered some kind of cash back promotion. I am sure you have seen the many advertisements on credit cards cash back where some even offer up to 20% cash back. However, many of these cash back promotions are temporary and have a certain amount allocated to the promotion and therefore, not all card members will benefit. Some of the promotions even require that you register via sms. With the government imposing service tax on each credit card in 2010, many card holders decided to cancel their credit cards resulting in banks losing their customer base. Prior to 2010, banks were happily reporting an increase in their credit card customer base yearly but all that changed when the government imposed service tax and caused the outbreak of a "war" (competition) between banks to win back lost ground (customers) or to just maintain their current hold and prevent loss of their base (customers). The first wave of the battle ended last year with the revamped OCBC Titanium MasterCard being the clear leader in the on going war of credit cards.

Below is a brief write up on some of the cards in the market that have benefits in terms of cash back or extra points: 

OCBC Titanium MasterCard relaunched last year, gives 5% cash rebate for Petrol, Dining, Groceries and  Utility Bills, but there is a monthly cap of RM50 cash back and you get nothing more once this cap is reached since it does not give any reward points. OCBC Titanium card also does not provide Travel Insurance if you purchase air tickets with it but does offer Travel Inconvenience. The card is free with 12 swipes in a year and the government tax is waived by OCBC  if you spend RM10,000 with it annually.  This card is good for spending up to RM1000 per month only, assuming you maxed out the 5% cash rebate with petrol, dining and groceries. 



The American Express Gold Credit Card which was launched after mid 2009 on the other hand doesn't give cash back directly, but instead it offers 5X Membership Reward Points for Petrol, Utility Bills, Groceries and at Bookshops and all other transactions get 2X points. Prior to the revamp of OCBC Titanium, American Express Gold Credit Card 5X offer was considered very good. American Express members get to redeem RM1 for every 200 Membership Rewards Points which works out to be 2.5% cash back with the 5X points. However with OCBC giving 5% cash back, American Express Gold Card  no longer looks attractive. Also, the American Express Gold Credit Card do not offer free Travel Insurance for purchasing air tickets with it. However, there is one plus point that American Express Gold Credit Card has over the OCBC, that is AMEX Gold CC redemption for cash is not capped. So you can redeem for cash back as long as you have points and the points are evergreen. The American Express Gold Credit Card is free for life with no condition attached.  



Then there are Alliance Bank Credit Cards which give you a combination of cash back and reward points (2X reward points for overseas transactions with Plat cards) but the cash back is based on tiers. If you spend less than RM2000 with it, you get less than 1% cash back. For Alliance Platinum Credit Cards,  cash back is limited to maximum RM5,000.00 and the maximum cash back comes out to be about RM68+ which works out to be less than 1.5%. Alliance Bank Credit Cards rewards points are evergreen and the card comes with automatic annual fee waiver with certain numbers of swipes or if you spend beyond a certain amount. It has come to my attention that starting this year, Alliance Cards including Platinum credit cards no longer enjoy free Travel Insurance, but you better reconfirm and check it out for yourself if you using it to get air tickets. 



CIMB and Direct Access are generally not a cash back cards but they offer cash back at selected merchants. This year CIMB extended their 5% cash back at Guardian and for Groceries on weekends. However, CIMB and Direct Access did not extend the cash back for petrol starting this year. CIMB and Direct Access cards are free for life and have pretty good offers such as 0% Interest Balance Transfer for 6 months and  smart i-pay plan where you get 0% Interest installments for Insurance, Hospital Bills and Education Fees. CIMB and Direct Access do provide Travel Insurance for purchasing tickets with it. Also CIMB and Direct Access have extended the discount promotion at Eraman Duty Free Shop at KLIA.



Citibank has also introduced a Cash Back Credit Card recently but it is nothing to shout about. It gives 5% for petrol but is capped at RM30 monthly and only 2% cash back for groceries, Guardian and Watson and 0.3% in general. There is an annual fee for the Citibank Platinum Cash Back Credit Card. Never crossed my mind to get this card as they failed to use the magic word FREE annual fee. Moreover, the 0.3% cash back for other transactions is just too low (my children's Public Bank Debit Card gives 0.5% cash back) and you get better returns with most other cards even with just 1X reward points. 



From the paragraphs above, it can be said that there isn't really a best card. Banks were competing amongst themselves for customers and to retain their card holders because the government's imposition of RM50 service tax has resulted in over 2 million less cards in circulation. In order to retain and attract customers, banks have no choice but to come up with more benefits/promotions and this is where we the card holders benefit.

The launching of the Citibank Platinum Cash Back Credit Card only caused ripples in the competition of cash back credit cards and ended the first wave of the battle of the cash back credit card.

To read why I have so many credit cards and how the cards are utilized, click below: 



The Maybankard 2 Cards - American Express, Visa and MasterCard - Beginning of the Second Wave in the Battle of Cash Back Credit Cards

This year in January 2011, the second wave of the battle of cash back credit cards has begun with  Maybank launching their newest credit card called Maybankard 2 Card. I must say MBB did their homework and has come out with a product (actually 2 in 1) that has a combination of benefits that its competitors offer. The Maybankard 2 (called Maybankard Dua) American Express Card gives you 5X Treats Points for every Ringgit spent for ANYTHING, ANYTIME and ANYWHERE in the world. 




This post here was originally published when Maybankard 2 Cards were just introduced. You can continue reading below; but I recoomend you click above link and read my latest updated review on the Maybankard 2 Cards where I have made some revisions. 



I can't understand the design of the Maybankard 2 Platinum Cards with the whitish rings on the card and it is like a Black Hole to me (maybe MBB got a Feng Shui master to advise them and the design is like a whirlpool sucking your money with this card and nothing left to spend with other cards, haha). If you apply now, Maybank will issue you the Maybankard 2 American Express and Visa, yes two cards. The MasterCard option is only available in April 2011.

Here are the benefits of Maybankard 2 in Maybank's website:
  • The benefits of two cards, Maybankard 2 American Express® Card and Maybankard 2 MasterCard or Visa Card, in one sign up, one service tax, and one statement.
  • Enjoy a low Finance Charge of 8.88% p.a. on your outstanding retail balance, and save up to RM2300 a year¹. All you have to do is promptly settle your minimum payment of 5% or a minimum of RM25.
    ¹Based on RM3,000 monthly spend with minimum repayment of 12 months.
  • 5x TreatsPoints for every Ringgit spent on Maybankard 2 American Express Card and 1x TreatsPoint on Maybankard 2  Mastercard/Visa Card in Malaysia or anywhere else in the world.
  • 5% Weekend cash back² when spend on Maybankard 2 American Express Card.
    ²A cap of RM50 per customer (Principal Cardmember) per month
  • Enjoy lowest finance charge of 8.88%³ per annum on your outstanding retail balance. All you need to do is promptly settle minimum payment, 5% of the outstanding balance or a minimum of RM25.
    ³Maybank reserves the right to revise the Finance Charge as and when it deems necessary, with 21 days prior notice.
  • Lifetime Fee Waiver with complimentary supplementary cards.

  • Travel Insurance Coverage
    Charge your travel fares to the card to enjoy complimentary Accidental Swath and Disablement coverage of up to RM1,000,000, as well as Travel Inconvenience coverage for missed connections, luggage delay and luggage loss. 
  • Retail ProtectionPurchase protection of up to RM20,000 per item and up to RM150,000 per card account per calendar year.
    Return Guarantee exchange or refund of up to 90days (Maximum RM1,500 per item on purchase price, up to a maximum of RM6,000 per card account per calendar year)
    Extended Warranty of up to Rm15,000 per item (Up to RM48,000 per card account per calendar year.)
  • Golf PrivilegeComplimentary golf at selected golf courses around Malaysia.
Maybankard 2 MasterCards will be available from April 2011 onwards.




To highlight again the above benefits which I feel is worth repeating:

I) 2 Credit Cards for a single GST of RM50 or shall we say RM25/each.

II) Free Lifetime Annual Fees - no conditions, no need to swipe minimum times or spend a minimum amount annually.

III) Travel Insurance - this is great as can use the card to purchase tickets and get 5X rewards points and 5% cash rebate (max RM50 but still better than nothing). 

IV) 5X Treats Points anywhere in the world plus monthly cap of RM50 cash back for every Saturdays and Sundays. Note that it was mentioned Principal card holder only, better check if Supp cards also enjoy the 5% cash back when you apply for it. 

V) The Visa or MasterCard,you can keep in your drawer as it only gives 1X point for every Ringgit. (But if you want 0% installment plans by merchants, then this card may be of use). 


Comparison between Maybank 2 American Express Card and OCBC Titanium MasterCard

MBB 2 Amex gets 5X Reward Points Everyday, Anywhere and Anytime vs. OCBC TMC Nothing, Nil, None, Zero;

MBB 2 Amex Free Lifetime Annual Fees vs. OCBC TMC need to swipe 12 times;

MBB 2 Amex GST must pay (but with 5X points only need to spend RM2K to get 10,000 Treats Points  to offset GST ) vs. OCBC TMC must pay but auto waived if spend RM10K annually;

MBB 2 Amex 5% cash back on weekends anywhere vs. OCBC TMC 5% cash back anytime but not everywhere;

MBB 2 Amex offers Travel Insurance vs. OCBC none; and last but not least  

MBB 2 Amex overseas transactions are subjected to 2.5% Admin Charge but with 5X maybe this is acceptable vs. a lower overseas conversion rate with OCBC TMC (do note again that the RM50 cap which may limit the usefulness of OCBC Titanium MasterCard for overseas spending). 

BOTH MBB 2 Amex and OCBC Titanium cash rebate is capped at RM50/month :(

So does the above comparison conclude that you should not get the OCBC Titanium? Not necessarily. It depends on your spending pattern. 

If you don't spend more than RM1,000 per month with credit cards then maybe no point getting the OCBC as Maybank 2 Cards consists of 2 in 1 i.e. you get AMEX with Visa or MasterCard. Therefore, in the event a particular merchant does not accept AMEX, you've still got the Visa or MasterCard as standby.

For the Maybankard 2 AMEX card, on weekends it's like you get something equivalent to about 7.5% cash back for anything including Petrol (for your information if you spend your money at ESSO you get another 1.5% with Smiles Points and at 1U another 1% with the One Card). Click here to read my post - Cards to compliment your CC.

How did I get 7.5%? The 5X Treats Points (TP) you get for every Ringgit can be said to be equivalent to approximately 2.5% cash back based redemption of voucher(s). For example, 2,000 TP gets you a RM10 McD voucher, 10,000 TP gets you a RM50 Metro Jaya voucher and 20,000 TP gets you a RM100 Jaya Jusco Voucher. Click here to see Treats Points Catalogue for vouchers.

Before you go saying AMEX is not widely accepted, let me repeat here again that AMEX is accepted at ESSO/MOBIL, Guardian, Watsons, Caring, OTO, GIANT, Carrefour, Harvey Norman, Courts, All IT, DELL, TESCO, JAYA JUSCO, TGIF, FOS, Poh Kong, PappaRich, Pasta Zamai, Canton i, Air Asia, JetStar, Malaysia Airlines, DiGi, Maxis, Celcom, Assessment Tax (Cukai Pintu) and many other places and not necessarily only at high end luxury outlets. 

However, if you spend more than RM1K per month, then the Maybankard 2 American Express together with the OCBC Titanium MasterCard are must have cards to have in your wallet simply because these two cards give 5% cash back and when combined together you get a total maximum of RM100/month. Now as mentioned above, 5X TP is equivalent to approximately 2.5% cash back, so for weekdays the Maybankard 2 AMEX is still better compared to the OCBC Titanium which only gives you 1% cash back (for transactions other than Petrol, Dining, Groceries and Utility Bill).  You should only use the OCBC Titanium for Petrol, Dining, Groceries and Utility Bills to get the 5% cash back and where AMEX cards are not accepted.

The only time that you will want to use the Maybankard 2 Visa or MasterCard is when you have maxed out the OCBC Titanium Cash back of RM50 or you want to go with 0% installment plan with a particular merchant that offers it for Maybank card holders. The Maybankard 2 Visa or MasterCard only gives you 1X Treats Points or equivalent about 0.5% cash back based on voucher redemption. On the subject of 0% installment plan, ladies, did you know that Coach have 0% installment plan with OCBC credit card .

If you spend above RM3K per month, it is wise that you get another VISA or MasterCard that gives you more than the 1X Treat Points with Maybankard 2 Visa or MasterCard.  Reminder again, OCBC cash back is capped at RM50/month and therefore it is good for up to only RM5K spending (that's assuming you don't use it for Dining, Petrol and Groceries and get only 1% cash back). 
Maybank Treats Points cannot be redeemed for cash, unlike American Express Membership Reward points; however, since both the Maybank 2 American Express and Visa/MasterCard share the same statement, I would say they share the same Treats Points. If this is the case, you can use the Maybankard  2 Visa or MasterCard as a "cash card" at 1U shopping complex with Rcubed where you can redeem 2100 Treats Points for RM10 (equivalent to 2.38% cash back based on 5X TP for every RM1).

Click here to see Rcubed redemption.

For now, you can only get the Maybankard 2 American Express and Visa combination as the MasterCard will only be available in April 2011. I think this is a strategy by MBB to increase their Visa customer base as more people would prefer MasterCard in Malaysia for shopping with the many promotions at malls during the annual Mega Sales and year end shopping.

If you are an existing Maybank card holder, you may simply apply for any MBB cards via phone, no need to fill in any forms at all. Click here to read about my application for MBB Platinum MasterCard last year via phone call. So once again as I was too lazy to fill in an application form, I applied for the Maybankard 2 Cards via phone on 18th January 2011 through Maybank Tele-Marketing unit at 03-58914777 which is based at Bukit Jelutong. Going to follow up with the girl I spoke to next week on the application status. However, when applying via phone you cannot apply for supp card which can only be done after the principal card has been approved. You can also call Customer Service Toll Free line but I prefer to call the tele-marketing line as it's easier for me to speak to the same girl I spoke to for my application when I want to follow up on my Maybankard 2 Card later on.

Alternatively, you may download the application form and fax to Maybank (this method may be faster as all your details are filled in by you and the possibility of an error is less and easier for MBB officer to process your application).

Click here to download Maybankard 2 Cards Application Form.

Click here to download Maybankard 2 Supplementary Application Form.

Or just Click here to go to Maybankard 2 website.

You can email the application form to amexcards@maybank.com.my or fax to 03-2282 0373.

And of course you can just walk into any of the 400 Maybank branches to apply for the Maybankard 2 Cards.

[Updated 23 July 2011 - You can now apply for Maybankard 2 Cards at their 1 Utama and KLCC Card Centre. Click here to read my article where your application is suppose to be approved within 60 minutes.]

Most likely I will cancel my MBB Petronas Platinum Visa and American Express Gold Credit Card after I get my new Maybankard Dua. Got to go to 3 Telcos and transfer my DiGi BlackBerry Plan. DiGi Broadband, DiGi iPhone Plan, Celcom Postpaid and Maxis Postpaid auto debits from the AMEX Gold CC to the new Maybankard 2 AMEX. Luckily my AMEX Gold CC anniversary date is in July or August so there's ample time for the transfer to take effect. Still keeping my AMEX Gold Charge Card because of Member Since 88 (shiok sendiri lah).

The End. Hope the above has been informative to you. Thank you for reading.

Below, Top Secret for bankers' eyes only. Non-bankers please do not read it, and if you have accidentally  wasted time reading it, best that you erase what you have read from your long term memory for your own good.


With Maybank launching Maybankard 2 Cards into the battlefield, all other banks are forced to go back to the drawing board and re-plan their strategies on how to prevent an onslaught by Maybankard Dua on their territory. And I have an intelligence insight for you guys at Hong Leong Bank which is losing ground day by day in the war of credit cards by over relying on kids (meal) - launch an immediate counter attack by unleashing your HLB 3 Dragons (a 3 in 1 product - I am sure that you bankers would agree than 3 in 1 coffee taste better than 2 in 1 and more value for money) and the secret weapon is 8% cash rebate where 1% Sunday to Thursday for anything everywhere and extra 7% on Friday and Saturday limited to clubbing (use men for your battles - and these men are drunk anyway and won't realize it is capped at RM10 per month) or whatever as long as it adds up to 8%. Imperative to have 8 for Feng Shui purposes and a must for marketing. Code name prior to launching CR83D, 83 good number again, this 3 in 1 product with single GST at RM50 guaranteed to be successful as consumers will think they're getting more for the same amount of money. Being a double agent, my intelligence insight can be bought by the highest bidder or if you need your General to be replaced , do call on me to lead your battle :) 


Click here to read about Hong Leong Bank Fortune Credit Card - The HLB Fortune Visa credit card  was launched in February 2011 and I was kind of disappointed that HLB did not take the opportunity to offer a better card than the Maybankard 2 Cards. Instead HLB gave us a product which is complicated and not rewarding you anything if you spend less than RM1K per month with it. In this article there is also a brief comparison of Hong Leong Bank Fortune Visa versus MBB's Maybankard 2 Cards. 




------------------------------------------------------
Other Related Posts 

Click here to read about Maybank Balance Transfer Plan - 12 Months 0% Interest. 

Click here to see reward cards that can compliment any credit cards.

Click here to read and see My Credit and Debit Cards as of March 2011. 

Update - 18 February 2011

Click here to read about my Application for the Maybankard 2 Cards where it was a frustrating and interesting experience. Received the Maybankard 2 Platinum American Express and Visa on 18th Febraury 2011. 


Update - 25 February 2011

If you want to apply by phone, you need not call the number I mentioned above, you can just call up MBB Customer Service number behind your existing MBB Credit Card.

Update - 26 February 2011

Click here to read my post titled Maybank targets 500,000 new cardmembers with Maybanakrd 2 Cards. 

Update - 2 March 2011

Click here to read my brief updated comparison of Maybankard 2 Cards versus Citibank Malaysia Platinum Cash Back Card.

Update - 4 March 2011

Click here to read Maybank2U for Maybank Credit Cards - You Don't Need a Savings or Current Acct.

Update -  13 March 2011

Click here to read Overseas Transaction - What Credit Card is The Best? Part II 

Click here to my other blog to read my article titled Currencies Rolex No.8 where I mentioned about buying a Rolex watch with Maybankard2 Amex and then do Balance Transfer to CIMB.

Update - 15 March 2011

Click here to my other blog to read my article Mobile Online Fraud with a photo shawing a fake M2U Email.

Update - April 2011

Click here to see 2 comparison of Maybankard 2 Cards versus HSBC Visa Signature

Click here to read my article The Best Credit Card in Malaysia - Is There Really One?

Click  here to read AMEX promotion April 2011

Updated - May 2011

Click here to read my article titled Malaysia Top Ten Credit Cards - Ultimate Showdown 2011. Check it out and see Maybankard 2 card ranking. Is Maybankard 2 card the best credit card in Malaysia?

Updated - June 2011

Click here to read my article titled Revamp UOB One Card - It's A Pure Cash Back Card July 2011. (War of Credit Cards Saga). In the article I have prepared a table showing cash back comparison between OCBC Titanium MasterCard versus Citibank Platinum Cash Back versus Maybankard 2 Amex versus UOB One Card.





Updated - July 2011


Click here to see My current Credit Cards and Debit Cards and Guide to my previous articles.







Update - October 2011. Published an article on Maybank Credit Card Promotion 2011. Click here to see if you can benefit from any of the promotions. For me, maybe the 0% Balance Transfer Program and 6% discount for online hotel booking with agoda may benefit me.


Update - October 2011. If you travel overseas very often, check out the Maybank Visa Infinite where you can earn 5X TP for every RM1 spent overseas. TO read my review on the Maybank Visa Infinite - click here.






[Update - For American Express Promotions December 2011 - early 2012, click here to and start saving money or go with 0% Ezy Pay installment plan with your AMEX. ]


48 comments:

  1. how can 2 cards paying 1 gst?
    i dont understand.

    ReplyDelete
  2. I have just canceled my UOB-Plat and decided to cancel Amex Gold Credit Card too as it expires later this year. If I still want an amex, it will be Maybankcard Dua Amex. My worries is that the Maybankcard Dua Amex might be excluded from the 15% cash back promotion in the major shopping malls in the year end promotion .... Any clue?

    I am also considering using just one single card.

    ReplyDelete
  3. Simon, who cares how many cards paying 1 GST. As long as you think its beneficial to you, then worth getting it.

    Rattling, yah UOB better come out with something good fast. As for the 15% cash back, sure Maybankard 2 AMEX will be entitled for the 15% cash back but we don't know if end of this year got similar promotion.

    ReplyDelete
  4. GX
    Pls share which bank absorb GST.

    ReplyDelete
  5. Simon, besides OCBC which I have posted, I don't really know. If you have read one of my post earlier on GST, I posted if not willing to pay GST, go get a debit card instead. All I can say is that if the card don't give you more in return than RM50 a year, don't get that card.

    ReplyDelete
  6. GX
    you are really good at cards. That is why I ask this because not many aware of this hidden info.

    But you are quite aggressive on the new card issue(to attract new customer)

    While I am looking for benefits. But overall m2u did attract me. While I am same like you with 1 amex gold, 1 amex charge, 1 master...

    If I apply this, I have to pay more and more GST.....

    ReplyDelete
  7. Simon, like you, I have the Amex Gold CC and Amex Charge Card and in my post here I did mention that I am going to cancel my Amex Gold CC but keeping the charge card. The Maybankard 2 Cards is better than Amex Gold CC with 5X Treats Points for all kind of transactions plus we get 5% cash rebate (capped at RM50/month, big spender no difference to them) which no other Amex Card offer. As for GST, it is not a hidden info, it is public knowledge and have resulted in 2 million less card in circulation.

    ReplyDelete
  8. GX, you have a great and informative blog. Can you help us confirm if this Maybankard2 provides cashback of 5% for petrol purchases if we pump it on Sat/Sun? I didn't see anywhere in MBB clause saying this.

    Thank you. Appreciate it.

    ReplyDelete
  9. AAW&F, thank you. This is what is stated by MBB:

    5% Weekend cash back² when spend on Maybankard 2 American Express Card.
    ²A cap of RM50 per customer (Principal Cardmember) per month.

    From above, yes 5X TP & 5% is given for Petrol with Maybankard 2 AMEX only. Only thing I not sure is does cash back applies to supplementary card. Also note, if you pump at Petronas then may be a problem as many Petronas Stations do not accept AMEX. And like most Visa and MasterCard, the Maybankard 2 Visa and Mastercard you get nothing for pumping petrol.

    ReplyDelete
  10. Very informative, Thank you.
    Just spoke the Maybank cs, the 5% weekend cash back is anything anywhere, excluding any online transactions. If the retailer charge your card through the online system (sometime airline and telco do that, it make no different with some other bank or cc) instead of swipe the card, the rebate does not apply. This is not good for ppl like me that like to shop and pay everything by just sitting in front of the laptop.

    Btw, does post office accept AMex card ? and how to pay assessment in weekend ?

    ReplyDelete
  11. serene, I got no idea if Pos Malaysia even accept Visa or MC. Haha, wonder if local the council office will be open on the last weekend during end of Feb and end of August where everyone rushing to pay assessment.

    ReplyDelete
  12. thanks alot for d info! good job!

    ReplyDelete
  13. hi, i found that maybankard 2 card only have 7 payee to choose in m2u online bankin to make online bill payment while me maybank master platinum have 67 payees to select. Can anyone clarify whether the m2card is limited for doing online bill payment?

    ReplyDelete
  14. Hi,

    Anyone knows if the Maybankard 2 supplementary card holder enjoys the 5% rebate on weekend for AMEX?

    ReplyDelete
  15. kee Siong, yes supp card also entitled to the 5% on weekend and share the total cash back cap of RM50/month with Principal card.

    ReplyDelete
  16. can anyone answer question by kee siong pls..thanks

    ReplyDelete
  17. Just want to ask, is it anyone also can apply Maybank Duo? Do they limit the salary to apply this?

    ReplyDelete
  18. Huei Wei and Julie, yes anyone can apply but to be eligible for the Maybankard 2 Cards, you need to income of RM30K and RM60K per year for the Gold and Platinum respectively. Below is what is stated in MBB site:

    Who can apply?

    * Malaysians and expatriates with a minimum annual income of RM30,000
    * Principal cardholders: those between 21 to 65 years old
    * Supplementary cardholders: at least 18 years old

    Required Documents - Please include the following with your application form:

    * Copy of NRIC (both sides) or Passport, including that of supplementary applicant's
    * Latest BE form with official tax receipt
    * Latest 2 months' salary slips
    * Latest 3 months' savings account activity/current account statements

    ReplyDelete
  19. Greetings!

    Thank you for the detailed analysis. May I ask is the AMEX 5% cashback during weekends guaranteed? Like for Ambank, they only allocate 200k per month for cashback. It's more possible to get it when you spend it at the 1st weekend compared to others.

    2. Is the AMEX 5% cashback applicable anywhere?

    Thank you for your time.

    ReplyDelete
  20. This comment has been removed by the author.

    ReplyDelete
  21. Clarence, yes as mentioned above, the 5% cash back is guaranteed for ALL transactions on weekends but the total is capped at RM50 per month. However for online, it is a bit tricky as it will depend on when the merchant process your payment.

    As for AMBank 20% cash back, it is based on RM50 and capped at RM80 and not applicable to ALL type of transaction. Check out my article on AMBank CC promotions.

    And thank you for reading my blog :)

    ReplyDelete
  22. Hi

    It's my pleasure to read your blog. Is there any expiry date for the accumulated Treat points as well as this promotion?

    ReplyDelete
  23. Clarence, MBB Treats Points are evergreen. The 5X TP and 5% cash back are MBB 2 AMEX card features and shall remain until MBB decides to change it.

    ReplyDelete
  24. Hi, Your blog is very very useful. Keep up a good job.

    ReplyDelete
  25. Hey

    Just got my 2 Cards and happy with it. I got the treatpoints right after 1 day of my spending. Adding to the list, Amex is accepted at Parkson too.

    ReplyDelete
  26. Congrats Clarence, got cash back too yah since it's a Sunday :) AMEX is acceptable at all major departmental stores, and hypermarkets. Air Asia too.

    ReplyDelete
  27. Hi

    Any idea whether Amex is accepted at AIA, Popular and MPH?

    ReplyDelete
  28. Adding to the list:

    Popular and Soxworld do not accept Amex.

    Canton-i accepts Amex.

    ReplyDelete
  29. Very good and informative blog, but 1 thing to be confirmed the 5% cash back and 5x point is application on Shell if i go on weekend right?

    and the cash back is it will be giving out every month which is not like citibank they will accumulate few months then only give out.

    Thanks for the info ya..^^

    ReplyDelete
  30. Danielicious, yes, you will earn 5% cash back and 5X TP when you pump petrol at Shell (or any type of transaction anywhere) on Saturdays and Sundays.

    Whatever cash back you earn ( can be RM0.01 or up to max RM50 ) will be credited into your account in the following month statement.

    ReplyDelete
  31. Thanks alot Genx for the info, Another thing is the Citibank platinum Visa card also having the similar benefit as maybank amex card as they giving 5x citi point, but i'm not sure it that restrict to particular shop or petrol station only, i cant find much info on this. Do you know much about this?

    ReplyDelete
  32. Danielicious, you're welcome. As for Citi Plat, go click on my Guide To This Blog and then go look for my article Citibank PremierMiles where I also compared it to Citibank Platinum.

    ReplyDelete
  33. First of all, this is my 2nd time re-visit your blog, your blog really impressed me.

    How to earn 7.5% from telco like digi and
    celcom? if we get auto debit, we can get RM5 off from telco directly. but the auto debit if fall on weekend, then we get extra of 7.5%, if the auto debit fall on weekdays, we get 2.5%.
    Is my assumption correct?

    If my assumption is correct, better still i autodebit OCBC titanium card instead of maybank amex, because i will confirm get 5%. correct me if i am wrong. thanks.

    ReplyDelete
  34. wong, thanks for reading my blog.

    Yes, you are right, better go with OCBC Titanium where you are sure to get 5% cash back.

    ReplyDelete
  35. Hi all!

    Padini concept store accepts Amex too!

    Say if I book AirAsia ticket using Amex on Saturday, do I get 5% cashback or only 5x TP?

    Between MBB Amex and MBB Mastercard, which is of better value when it's used oversea?

    Thank you.

    ReplyDelete
  36. Clarence, if you read serene comments above, online transaction are not entitled to 5% cash back.

    Me on the other hand understand that it depends on when the merchant process your payment. So if you book on Saturday but Air Asia only process your payment on Monday, you won't get 5% cash back. But it is still good as we get 5X TP.

    As for what card to use overseas, please read my article titled Overseas Transactions where I had posted the link above. You have to decide for your self, for my case I got MBB MC Plat (not MBB 2 Plat) which gives me 2X TP so that's the card I use.

    ReplyDelete
  37. GenX,

    Have you try online system during weekend and got 5% as well?

    how about kiosk machine? do we still get 5% rebate? machine for telco, insurance and so on.

    ReplyDelete
  38. wong, I don't use my MBB 2 for online or kiosk machine so cannot answer your question.

    As for my insurance I go with my Alliance Plat card to maximize my cash rebate of up to 2%. Anyway, not many insurance companies accept AMEX.

    Put it this way, when you pay with MBB 2 AMEX on weekends for online and telcos autodebit, be happy that you getting 5X TP which is better than normal CC, if you get the 5% cash back, it's like kena lottery, hahaha

    ReplyDelete
  39. GenX is correct. Sometimes online transactions do not post the $$$ into your credit card immediately. If you try to align the transaction to weekends for MBB 2 Amex, it does not mean the transaction will appear on weekend. Perhaps you can try Friday 11:59pm and click 'Place Your Order'. This way you have full 48 hours to widen the band.
    In Amazon.com, you can purchase their email gift card and the transaction is posted into MBB 2 Amex immediately. Use the code that comes with gift card against your purchase. Email gift cards allow odd amount like
    USD 123.45. This is one way you can effectively utilize your MBB2 card discount.

    5% cashback does not apply to auto billing. There is a code which lets Maybank discern the nature of auto billing from 'retail transactions'.

    I also found a quirk. Big Bad Wolf sale (where several thousands of visitors) do not support Amex.

    Overall I am happy with MBB 2 Amex.

    ReplyDelete
  40. Just wanna add some info that may be useful. I just got off the phone with Maxis customer service. They told me that I can use AMEX to pay via the telephone. So basically just call Maxis and tell them you want to pay using AMEX, and they'll get your card details (except for the security code). Then after a while another Maxis customer care officer will call you to get your AMEX card security code.

    I think this method may be more useful if you want to increase your chances of making Maxis bill payment on weekends (getting the 5% cashback) instead of relying on auto-billing (which I have not yet tried so feel free to correct me).

    Might not be worth the hassle for most users but my maxis bills (with 10 lines under company account) are about RM2500 per month so I'm looking forward to raking up some serious Treatpoints and cashback. :)

    ReplyDelete
  41. Peasant, thanks for sharing. Do let us know next month if you got the 5% cash back.

    ReplyDelete
  42. Just received my first statement for Maybankard 2 and was shocked why my 5% cashback was not credited. Called customer service and they told me that the 5% cashback for Amex weekend spend will only be credited on the 1st of following month irregardless of the statement date. So I guess I'll have to wait till 1st December to see if my cashback works.

    Anyway, I also took this chance to verify with the customer service officer what transactions are entitled to the 5% cashback. They officer said ANY transactions (online or offline), for retail or utlities, that occur during weekend (Saturday 00.00am till Sunday 11.59pm) are entitled to 5% cashback. This contradicts what Serene mentioned earlier, that online transactions are not eligible. So now I'm not sure whether Maybank changed their MBB 2 policy or did either of us speak to an officer who is unsure of the cashback entitlement. Maybe someone else can call up customer service and verify again.

    ReplyDelete
  43. Peasant, yes, the cash back is credited usually on 1st to 3rd of every month.

    I also would like to point out to you the following:

    a) Say you do a transaction on 29th November and the Posting Date is on 1st December 2011, the cash back will then be credited into the January statement.

    b) You may have done an online transaction on a weekend local time, but if the merchant processes your transaction on a Friday (different time zone for overseas) or on a Monday, you won't get cash back.

    ReplyDelete
  44. If maybankard2 has cash back n 5x points with it's Amex card, wouldnt it be a good card for petrol too?
    That's if you don't pump more than RM 1000 per mth which then u can get rm50 for cash back and 5000 points.

    ReplyDelete
  45. Does it matters if you opt for online credit card statement or Hardcopy statement sent via snail mail? Do u have to pay for the latter?
    I found out that if you want the former, they will no longer send you the latter.

    ReplyDelete
  46. MD, yes, that is the main benefit of MBB 2 AMEX, you earn both 5% cash back and 5X TP for any transactions on Saturdays and Sundays :)

    The monthly statements by mail are FOC as of date and you still can check your transactions history online.

    ReplyDelete
  47. Any insurance company can use AMEX over the weekend? Car insurance or life insurance?
    some of the months i cannot commit 1k on AMEX due to either merchant not available during weekend or they dont accept AMEX.

    my usage on AMEX on weekend mainly are broadband/phone bill, petrol, and touch and go.

    ReplyDelete

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