The Maybank Grab Mastercard Platinum Is Malaysia’s First Dual-Faced Credit Card

Maybank has officially launched its latest credit card, the Maybank Grab Mastercard Platinum. The card, a product of “three like-minded forces coming together”, is now open for application and offers cardholders rewards in the form of GrabRewards points.

The Maybank Grab Mastercard Platinum is also Malaysia’s first dual-faced credit card, as it is available in Black and White options. While there are limited edition card faces for some cards in Malaysia (such as the RHB Visa Rewards and RHB Visa Cash Back Olympic Games 2020 limited edition cards), the Maybank Grab Mastercard’s two colour options are permanently available.

As covered in our report yesterday, the Maybank Grab Mastercard Platinum is a credit card made for heavy Grab users. The card’s benefits come in the form of GrabRewards points instead of the usual TreatsPoints, with multipliers given based on different types of spending.

The most rewarding will be on using the card on any transaction in Grab at a rate of 5 GrabRewards points for every RM1. Meanwhile, cardholders also earn 2 GrabRewards points for every RM1 spent on overseas, cross-border, and e-commerce transactions. Finally, other transactions will yield 1 GrabRewards points for every RM3 spent on local transactions (based on Maybank’s list of eligible transactions).

It is worth noting that this card also offers 5x GrabRewards points for topping up the GrabPay Wallet, which makes this the only Maybank credit card that offers rewards for e-wallet top-ups (albeit only for GrabPay).

In addition, all Maybank Grab Mastercard holders will automatically be upgraded to Platinum on GrabRewards, allowing them to enjoy accelerated points earnings of 3 GrabRewards Points for every RM1 spent using GrabPay, as well as other perks.

New cardholders will receive two welcome gifts: 1,000 GrabRewards points upon activation, as well as five RM5 GrabFood and GrabRide vouchers upon meeting a spend criteria of RM300 on Grab services within 45 days from card approval.

At the launch event, Maybank also announced that this card is the first card to be available on a fully-digitalised application process, with same-day approval and digital card issuance for existing Maybank2u users. This allows successful applicants to immediately use their cards in online channels – such as linking it to Grab – without waiting for the physical card to be delivered.

Finally, it also appears that with the launch of this card, there will not be a GrabPay Card launching in the Malaysian market, as confirmed by Priyanka Madan, Head of GrabPay Malaysia.

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Vincent
2 months ago

Assuming you already have platinum status in grab, does that mean that reloading grab gives you 5x grab points and using grabpay to pay gives a further 3x grab points?

S
2 months ago

The information posted seems to differ from other sites. Some sites have cited that instead of 5 points for every RM1 transacted in Grab, it is 5x points for every RM1 transacted in Grab. It is also stated here there will be 5x points when we top up the Grab e-wallet with this card. However there is no existing points awarded for topping up the e-wallet? So what would the multiplier be worth? Hope the article can be further updated to confirm on these few pointers.

Daniel Goh
2 months ago

uhm my ShittyBank Credit card is already dual faced before Maybank launched this…. terrible reporting

Vivienne Wong
1 month ago

I am Vivienne WONG YOKE KUAN here, grab platinum driver for 3 years plus grab driver, Wining to growth all with grab, I did apply new launch Maybank Grab MasterCard Platinum credit card, and received replied, approved. May I know when can I proceed to Maybank Pyramid of Bandar Sunway to redeem Grab Maybank MasterCard Platinum, I am regular customer to maybank。 I make rental and car instalment via Maybank, FREQUENTLY MAKE PAYMENTS 3 TIMES A WEEKS, A HOOD MEMBER TO MAYBANK AND HARDWORKING FULL TIME PLATINUM TO GRAB . TOGETHER WE GROWTH WITH GRAB FIR ALL.NOTICE ME WHEN CARD… Read more »

Vivienne Wong
1 month ago

I am grab full time platinum driver, intend to apply maybank grab MasterCard Platinum credit cards.hope ability to collect at maybank pyramid Bandar subway branch.mail me for details,2019 yearly income Rm62k.

Vivienne Wong
1 month ago

Being replied, application approved at August, Till now, September still haven’t receive platinum grab maybank MasterCard.
I am platinum full time grab driver about+3years ++ ,with ,2019 yearly income Rm62k.Hopefully to get my maybank grab MasterCard platinum card at maybank pyramid.TQ.

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