The ever increasing price of fuel, that's all Malaysians have been talking about these past few months. Well, here comes your knight in shining golden armour, The Maybank Islamic Ikhwan American Express Gold Card-i - You can earn up to 8x the Maybank TreatPoints from all Petronas service stations, without paying a single annual fee with 6% GST, ever!
Benefits On The Road
A Free Maybankard Touch ‘n Go Zing Card - yes sir, there will be a complimentary automatic toll card for your convenience when driving on the highway. That's not all, there's a surprise for our cars as well.
We spend a lot of our time, tossing and turning around in our beds thinking about how to properly manage our finances, from electric bills to petrol expenses. This Maybank credit card can chip a little of your burdens away with a chance to be able to receive free petrol vouchers when you have redeemed enough Maybank TreatPoints on your gold credit card.
How do you actually earn these reward points? Read on.
More Points, More Rewards
Whenever you spend on weekends at any Petronas petrol stations nationwide, there will be 8% Cash Back to be earned. The weekday rate is not at all too bad, as you will be getting
1% Cash Back. Oops, let's not forget - when shopping for groceries or any other retail (because that's the only time we can leisurely stroll along the junk food section), you will also earn 1x TreatPoints, both locally and overseas.
As mentioned earlier, on top of redeeming Petronas petrol vouchers, you will also be able to exchange your reward points for other amazing prizes via the Maybank TreatPoints Programme such as - household items, furniture, kitchenware, and the latest tech gadgets. Take your sweet time accumulating those points, because your TreatPoints will not ever expire.
Easy To Apply
Any regular joe can apply for this credit card as you will only need a minimum yearly income of RM30,000, and you would need to be at least 21 years old but not older than 65. Also, there will be non-compounding charges on your monthly credit card debts. What does that mean? Simply, you will not be charges interest on the interest you're already charged for - which is typical for any credit card from other banks.
What are 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, 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
With effect from 15 August 2019, finance charge based on the prevailing tiered interest rate (above) 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 Fess 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 for retail transaction, provided that the outstanding balances carried forward from the previous month's statement cycle are paid in full before payment due date.