No More Cashback And Rewards Points For E-Wallet Reloads For Maybank Cardholders
Author Avatar

 

No More Cashback And Rewards Points For E-Wallet Reloads For Maybank Cardholders

Maybank has announced that effective 8 July, all reloads to third-party e-wallets in Malaysia using Maybank credit cards will no longer be eligible for cashback and rewards points.

In an announcement posted on its website today, Maybank has removed all card benefits for reloading e-wallets using its credit cards, effectively ending the “double-dipping” of credit card and e-wallet perks that cardholders have been enjoying.

This move will affect every Maybank cardholder using e-wallet apps, especially GrabPay and Boost, both of which accept American Express cards. The popular Maybank 2 Gold/Platinum Amex, for example, offered 5% weekend cashback and 5x TreatsPoints for every RM1 spent before its June 2019 revision, which made it exceptionally beneficial to use with GrabPay and Boost.

Of course, this won’t just affect Maybank 2 Gold/Platinum cardholders. Cashback cards such as the FC Barcelona Visa Signature will not yield cashback for e-wallet top-ups, while premium cards such as the Maybank Amex Reserve, World Mastercard, and Visa Infinite will not earn TreatsPoints with favourable frequent flyer conversion rates as well.

This announcement does not affect Maybank’s own e-wallet, MAE, since it does not have a top-up feature; funds are deducted directly from the user’s bank account or credit card (using QRPay).

(Source: Maybank)

 

0 0 votes
Article Rating

SHARE

Comments (2)

Subscribe
Notify of
2 Comments
Inline Feedbacks
View all comments
karman
1 year ago

what about big pay?

Pang Tun Yau
1 year ago
Reply to  karman

Nope, not eligible also :/

Top Credit Card News Articles
Post Image
Things You Didn’t Know Can Help Reduce Your Credit Card Payment
Desiree Nair
- 14th March 2017
We’ve got a few ideas up our sleeves to help you bring down that bill and possibly even make future payments much more affordable!
Post Image
Citi eWallet Campaign Offers RM400 In Cashback And Additional 10x Rewards Points
Jacie Tan
- 12th February 2020
Citibank has launched an e-wallet top-up campaign for all Citi credit cardholders, offering up to RM400 in cashback […]
Post Image
Affin Bank Renews Rebate Campaign For BHPetrol Touch & Fuel Mastercard
Jacie Tan
- 3rd December 2019
Affin Bank BHPetrol Touch & Fuel Mastercard cardholders can enjoy up to 10% petrol rebate on weekends.
Post Image
HSBC Amanah MPower Platinum Credit Card-i Relaunch: New Cashback For E-Wallet Reloads & More
Pang Tun Yau
- 17th September 2019
HSBC is announcing another "relaunch" – this time, for the HSBC Amanah MPower Platinum Credit Card-i.

Related articles

Related Posts Image

Alliance Bank Teases Launch Of A New Credit Card

Jacie Tan -
2nd February 2021
Related Posts Image
Related Posts Image
Related Posts Image