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

Pang Tun Yau

18th August 2020 - 3 min read

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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Pang Tun Yau

A seasoned tech journalist who now focuses on his other passion, Pang is a firm believer in old-school DCA and optimised spending.

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Comments (11)

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RObert

4 years ago

Upon approval, cardholders will also receive a welcome gift of 1000 GRP and an automatic Grab membership upgrade to Platinum tier for six months

i have received 1000 GRP, but member not yet upgrad to platinum. how long my member will be upgrade to Platinum ar? Thanks

Pang Tun Yau

4 years ago

Reply to RObert

it should be upgraded already – you should check with Maybank on this.

Vivienne Wong

5 years 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.

Vivienne Wong

5 years 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.

Bkv

5 years ago

I tried using my card in a merchant but it decline. Is grab card only for digital purchases

Daniel Goh

5 years ago

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

-1

Pang Tun Yau

5 years ago

Reply to Daniel Goh

May I know which card are you referring to?

Please note that the claim is made by Maybank & Grab, and is included in the press release sent to all journalists. Note that for balance, our write up also covers the “special edition” cardfaces from RHB.

5 years 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.

Pang Tun Yau

5 years ago

Reply to S

They’re the same thing, ie 5 pts for every RM1. It’s just common practice to say the multiplier vs the actual points accrual. Maybank considers topping up GrabPay Wallet as “a Grab transaction”, and therefore this, as well as GrabFood/GrabRide/GrabMart transactions, will give 5 points for every RM1 spent. If you use the card to top up GrabPay Wallet, you also earn 3pts for every RM1 spent using GrabPay Wallet (in Platinum tier) – so in that sense you earn GrabRewards Points both for topping up and spending using GrabPay Wallet.

Vincent

5 years 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?

Pang Tun Yau

5 years ago

Reply to Vincent

Yes. All cardholders will automatically be upgraded to Platinum status, too, so they will all get the 3x points multiplier when they spend with their GrabPay wallet.