31st March 2023 - 2 min read
Maybank has launched the Maybank American Express Explorer Business Platinum Card, a new credit card aimed at business owners. Offering enhanced benefits as well as the ability to earn Membership Rewards (MR) points for business transactions, it makes for a compelling option in a relatively untouched space.
With a host of travel perks, Maybank states that this card is designed to be the go-to card of choice for business owners for travel expenses. Cardholders not only earn double the MR points for overseas transactions, they also enjoy 6x complimentary PriorityPass airport lounges worldwide – and up to RM1 million in complimentary travel protection if they purchase their flights and hotel stays with the card.
All local spend with the card will still earn MR points at a rate of 5 MR for every RM5 spent. On top of that, the Amex Explorer Business Platinum comes with a 3-year annual fee waiver without any spending requirements. And to further sweeten the deal, cardholders will enjoy a bonus 110% MR points if they spend a minimum of RM60,000 on local transactions in a year.
“As one of the largest and leading financial institution in the region, Maybank has always been at the forefront of the digital sphere, bringing to the market numerous innovative solutions, while constantly offering upgraded products and services to cater to the evolving needs of its customers. With the cashless trend accelerating amid economic growth, the American Express Explorer Business Platinum Card supports our M25+ aspiration by offering a customer-centric and lifestyle-improving card,” said Dato’ John Chong, Group CEO of Community Financial Services at Maybank.
Ms Divya Jain, American Express Vice President, Global Network Services, Asia & South Pacific said, “Maybank and American Express are introducing a dedicated travel credit card to support businesses’ growth ambitions and help them overcome their challenges. The new product is part of our overall strategy to continue working with our valued partners like Maybank, who is a strategic fit for the American Express network to further grow attractive portfolios and drive more volume.”
All new Maybank Amex Explorer Business Platinum cardholders will enjoy various one-time perks, including:
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