If you love the idea of getting your money back after spending any amount, any day on any retail items with your credit card, Maybank will make your wish come true with its brand new American Express Cash Back Gold credit card.
Maybank Credit Cards Campaign
From 1 July 2021 until 30 September 2021, apply online for any Maybank credit cards ranging from Visa, Mastercard and American Express (AMEX), and get rewarded with awesome gadgets and cashback!
Apart from new-to-bank customers, existing Maybank and Maybank Islamic customers who do not own any Maybank credit cards are eligible to participate in this campaign too. Terms and conditions apply.
As a reference, the table below shows what you will be getting for this campaign:
|Reward 1: Cashback with a minimum spend of RM300 within the first 45 days from the card's approval date|
|Cashback||RM100 cashback||RM100 cashback||RM200 cashback|
|Reward 2: Exclusive rewards to Top Spender throughout the campaign period|
|Gadgets||Apple Airpods Pro||Apple Smartwatch SE (40MM)||Apple iPad 8th Gen (32GB and WIFI)|
|Limitation||Limited to Top 50 spenders||Limited to Top 50 spenders||Limited to Top 50 spenders|
Enjoy Unlimited Cashback with Maybank American Express Cash Back Gold!
Cashback or cash rebate is a form of incentive whereby you are entitled to receive a cash refund on your credit card for purchasing a product or service.
The new Maybank American Express Cash Back Gold credit card promises to award you with an unlimited cashback on any retail purchases.
When you spend with Maybank American Express Cash Back Gold locally, you will earn 1% cashback, whereas, for transactions made overseas, you will get 1.5% cashback.
The best thing about this Maybank American Express Cash Back Gold is that there is no minimum spending requirement to receive cashback, and there is no limit as to the amount of cashback you can get in a month!
0% Flexi Payment Plan
Don't sweat on the big number as you can convert your big purchase into a smaller installment amount up to 24 months at 0% interest rate with Maybank EzyPay.
If you want the flexibility of repaying the installment over 36 months, just apply for Maybank EzyPay Plus and pay lower interest rates over the installment period.
That's not all, you can settle your outstanding balance off anytime before the end of your tenure under both easy payment plans at zero cost!
Zero to Low Annual Fee
Anyone with a minimum monthly income of RM2,500 can apply for Maybank American Express Cash Back Gold credit card.
For the first year of card membership, you don't have to worry about paying the annual fee of RM70 (exclusive of GST) as Maybank will waive for you.
The first-year annual fee waiver is also extended to your first two supplementary cardholders.
Maybank American Express Cash Back Gold Finance Charge
What is the interest rate imposed on repayments?
|Conditions of Repayments||Tiered Interest Rate (Per Annum)|
|Prompt Repayment every month||15%|
|Prompt Repayment 10 out of 12 months||17%|
|Prompt Repayment less than 10 out of 12 months AND New Cardmembers||18%|
Previously, the finance charge is only imposed on the below that are not paid after the payment due date:
- Retail transaction - finance charge is calculated from the posting date till full payment is made
- cash advances/withdrawal transaction - finance charge is calculated from the transaction date
The finance charge is now based on the prevailing tiered interest rate (above) that will be imposed on any of your outstanding balance including All Fees and Charges (except late payment charges).
These are carried forward from the previous statement until the outstanding balances are settled in full.
All Fees and Charges includes:
- Annual Fee
- Cash Advance Fee
- Card Replacement Fee
- Statement Copy Fee
- Sales Draft Retrieval Copy Fee
- Any other form of service of miscellaneous fee (if any) EXCEPT Late Payment Charges
Late Payment Charge of 1% will be imposed if the minimum payment is not made by the payment due date. This is subject to a minimum of RM10, whichever is higher up to a maximum of RM100.
This change on Finance Charge will not have any impact if you do not have any unpaid outstanding balance.
In fact, you will continue to enjoy a 20 days interest-free period, provided that the outstanding balances of your Maybank American Express Cash Back Gold carried forward from the previous month's statement cycle are paid in full.