Maybank Islamic MasterCard Ikhwan Platinum Card-i

A money-saving credit card with 5% cashback every Friday and Saturday for petrol and groceries, TreatsPoint gift redemptions, and no annual fee for life.

Maybank Islamic MasterCard Ikhwan Platinum Card-iNo Annual Fee
Min. Income
RM3,333.33/month
Annual Fee
Free
Cashback
up to 5%
Balance Transfer
From 0% p.a.
Easy Payment Plan
From 0% p.a.
Interest Rate
15% p.a.
Interest-free
20 days

Cashback

A Maybank Islamic credit card that'll make your petrol and groceries expenses cheaper! Get 5% cashback on Friday and Saturday, capped at RM50 each month. Available for principal card members only.

CASHBACK CATEGORYCASHBACK RATEMONTHLY CAPSPEND
Petrol and Groceries (Friday and Saturday only)5%RM50any amount monthly on weekends only

Rewards

Earn 1x TreatsPoint on every RM1 you spend locally and overseas. What do you do with those TreatsPoints? Use them to redeem tech gadgets, shopping vouchers, free flights (20,000 TreatsPoints are equivalent to 1,000 Enrich Miles/KrisFlyer Miles/Asia Miles) and so much more!

Maybank TreatsPoints
EarnSpend
1 point on every RM1on all local and overseas retail (except petrol and groceries spend on Friday and Saturday, government bodies and e-wallet reloads)
1 point on every RM1on education, insurance, utilities and 0% EzyPay Instalment

Petrol

Petrol prices are getting cheaper, but wouldn't it be great to drive them down even further? Get 5% cashback on petrol on Fridays and Saturdays. Monthly cap at RM50.

Premium

Stand a chance to win an Umrah package for the pilgrimage of your life or a holiday package (for non-muslims) just by spending at least RM200 or above on retail transactions in a single receipt. The said spending is equivalent to 1x entry for the giveaway. Please contact Maybank for more details. To top it off, Maybank will also contribute 0.1% of your spending to a charity managed by them.

Balance Transfer

Tired of barely paying the minimum on your credit card bills? Transfer all your credit card outstanding balances at low interest for up to 36 months with the Maybank Balance Transfer Programme.

Pay OverWith Interest Rate AtWhen You Transfer
6 months0% p.a. and 1.88%one-time upfront handling feefrom RM1,000
12 months0% p.a. and 3%one-time upfront handling feefrom RM1,000
9 months9% p.a. and no one-time upfront handling feefrom RM1,000
12 months12% p.a. and no one-time upfront handling feefrom RM1,000
24 months4.5% p.a. and no one-time upfront handling feefrom RM1,000
36 months4.95% p.a. and no one-time upfront handling feefrom RM2,000
Learn more about Maybankard Balance Transfer Islamic Ikhwan Card

Easy Payment Plans

Be flexible with your shopping! Buy what you want now, but pay for it later. Stretch your repayments over 36 long months at 0% interest with Maybank EPP. For all other purchases, you can opt for Maybankard EzyPay PLUS for an instalment of up to 24 months at 9% p.a.

Maybankard EzyPay
Pay OverWith Interest Rate AtWhen You Spend
3 months0% p.a. and no one-time upfront handling feeRM1,000
6 months0% p.a. and no one-time upfront handling feeRM1,000
12 months0% p.a. and no one-time upfront handling feeRM1,000
18 months0% p.a. and no one-time upfront handling feeRM1,000
24 months0% p.a. and no one-time upfront handling feeRM1,000
36 months0% p.a. and no one-time upfront handling feeRM1,000
Learn more about Maybankard EzyPay
Maybankard EzyPay PLUS
Pay OverWith Interest Rate AtWhen You Spend
6 months9% p.a.and no one-time upfront handling feefrom RM500to RM30,000
12 months9% p.a.and no one-time upfront handling feefrom RM500to RM30,000
18 months9% p.a.and no one-time upfront handling feefrom RM3,000to RM30,000
24 months9% p.a.and no one-time upfront handling feefrom RM5,000to RM30,000
Learn more about Maybankard EzyPay PLUS

Fees & Charges

Annual Fee
  • RM0 primary card

    Free for life

  • RM0 supplementary card
Sales and Service Tax
RM25 on each principal and supplementary card upon activation and anniversary date
Minimum Monthly Payment
RM25 or 5% of outstanding amount, whichever is higher
Late Payment Fee
RM10 or 1% of outstanding amount, up to a maximum of RM100
Cash withdrawal Fee
RM18 or 5% of withdrawn amount, whichever is higher
Interest Rate on Cash Withdrawals
18%
Contact-less Payment Methods
payWave

Requirements

Minimum Annual Income
RM40,000
Minimum Age
  • 21 to 65 years old primary card
  • 18 years old supplementary card
Who can apply
  • Malaysians and Expatriates

Features

Easy Payment Plan
Maybankard EzyPay
EzyPay is, well, easy: a 0% interest installment plan which lets you spread your payments over 36 months. Available at participating merchants only.
Maybankard EzyPay PLUS
A hassle-free solution to split your purchases into affordable monthly instalments for up to 24 months. Flexible payment is just a phone call away.
Cash Advance / Cash Loan
Maybankard Cash Treats
It's reassuring to know that you have access to cash in an emergency. With Maybankard Cash Treats it's so easy to apply as no documents are required and fast approval guaranteed!
Balance Transfer Plans
Maybankard Balance Transfer Islamic Ikhwan Card
Save more with the lowest profit rates starting from 0% and enjoy a long repayment period of up to 36 months — choose a plan that meets your needs!

Review

Don’t pay any credit card fees or GST, and give to charity instead with a platinum MasterCard from Maybank Islamic. 

And true to the principles of giving, you’ll also get a chance to win a free Umrah package trip every week with the MasterCard Ikhwan Platinum Card.

Umrah trip or holiday package from Maybank

Stand a chance to win an Umrah package for the pilgrimage of your life or a holiday package (for non-muslims) with the Maybank Islamic MasterCard Ikhwan Platinum. 

Each week, one winner will get a 2 pax package to Mecca (non-Muslims will get a 2 pax holiday package instead) and all you have to do is spend RM200 or above in a single receipt which will count as a single entry. 

Every 3 months Maybank Islamic will draw a weekly winner from these entries. Do contact Maybank if you wish to find out more details about this giveaway.

5% cash rebates to collect

Save more on the daily essentials when you spend on Friday and Saturday with your Maybank Islamic credit card. 

You’ll be rewarded with 5% cash back on groceries and petrol at outlets across Malaysia, capped at RM50 each month.

Max out the rewards of this cashback offer when you send RM1,000 each month. A total of up to RM600 in savings is yours each year. 

Remember that you cannot carry over the spending from a single month for cashback in the next.

Collect TreatsPoints with Maybank Islamic MasterCard Ikhwan Platinum Card-i

Other than cashback, swipe your Maybank Islamic MasterCard Ikhwan Platinum credit card to earn reward points anywhere and everywhere you go including overseas.

Each RM1 charged to your Mastercard will earn you 1 TreatsPoint which you can use to collect cool prizes and redeem air miles (20,000 TreatsPoints = 1,000 Enrich/KrisFlyer/Asia Miles) from Maybank!

However, your transactions on utilities, government-related, education, insurance, EzyPay and EzyPay PLUS will not be rewarded with TreatsPoints.

Charity Donations

Give towards a good cause each time you use your MasterCard Ikhwan credit card. Maybank will donate 0.1% of all your spending to Islamic Relief Malaysia and MERCY Malaysia. 

That’s a little bit of charity on your part every day because every little amount counts.

Maybank Islamic MasterCard Ikhwan Platinum Card-i 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 of less than 10 out of 12 months AND New Cardmembers 18%

Previously, the finance charge was only imposed on the below that were 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 balances including all fees and charges (except late payment charges).

These are carried forward from the previous statement until the outstanding balances are fully settled.

All fees and charges include:

  • Annual Fee
  • Cash Advance Fee
  • Card Replacement Fee
  • Statement Copy Fee
  • Sales Draft Retrieval Copy Fee
  • Any other form of service of the miscellaneous fee (if any) EXCEPT Late Payment Charges

A 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.

The changes made on this finance charge will not have any impact if you do not have any unpaid outstanding balance. 

You will continue to enjoy a 20-day interest-free period, provided that the outstanding balances of your Maybank Islamic MasterCard Ikhwan Platinum are carried forward from the previous month's statement cycle and are paid in full.

What are the required documents to make an application?

To apply as a principal cardholder, please prepare the following documents accordingly.

For salaried employees:

  • Copy of IC (both sides) or Passport
  • Latest BE form with an official tax receipt
  • Latest 3 months salary slips
  • Latest 6 months savings account activity/current account statement

For self-employed:

  • Copy of IC (both sides) or Passport
  • Copies of the Business Registration Certificates
  • Latest 6 months bank statement

For expatriates:

  • Letter from employer confirming duration of employment contract in Malaysia

Maybank Online Acquisition 2024 Credit Cards Campaign

From 1 May 2024 until 31 July 2024 (“Campaign Period”), be the first 300 eligible customers (first 100 eligible customers per card scheme every month) throughout the Campaign Period to grab an RM100 cashback prize. Terms and conditions apply!

Here’s an illustration of the campaign mechanics:

Card Scheme Rewards Spend Criteria Campaign Period
Maybank/Maybank Islamic Visa Cards
RM100 Cashback

(capped at the first 100 eligible customers per card scheme every month) 

Minimum retail spend of RM300 within the first 45 days from card approval date  1 May 2024 - 31 July 2024
Maybank/Maybank Islamic Mastercard Cards
Maybank/Maybank Islamic American Express Cards

To be eligible for the prize, you must be either:

  • New-to-bank individuals or
  • Existing customers of Maybank who are a resident of Malaysia aged 21 years at the time of applying and have yet to own any existing Visa, Mastercard or American Express principal credit cards issued by Maybank/Maybank Islamic

If you fall under the mentioned eligibility criteria, here are the steps to take part in this campaign:

  • Make an online application for any one of the eligible credit cards (or more) via the Maybank2u website or the MAE App within the Campaign Period
  • Complete the e-application form and upload all the required supporting documents
  • Wait for approval from the bank
  • Once approved, perform a minimum retail spend of RM300 within the first 45 days from the card’s approval date to be eligible

Individuals who are not eligible to participate in this campaign include:

  • Permanent and/or contract employees of Maybank (including its subsidiaries and related companies);
  • Any Eligible Customer who had cancelled any of his/her Maybank Credit Card within six (6) months before the date of application and is reapplying for another Maybank Credit Card under the Campaign;
  • Present holders of any Maybank Credit Card(s) whether issued in Malaysia or otherwise; and/or
  • Any Eligible Customer who has committed or is suspected of committing any misconduct, fraudulent, wrongful acts or in default and breach of terms to their account(s), any facility, and/or any services granted by Maybank.

If you require any help or enquiries regarding this campaign, please read through the T&C here or contact Maybank’s Customer Care Hotline at 1-300-88-6688 or +603 7844 3696.

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