Collect up to 8% Cashback
The ever-increasing price of fuel, is all Malaysians have been talking about these past few months.
Well, here comes your knight in shining golden armour, the Maybank Islamic Petronas Ikhwan Visa Gold Card-i!
You can earn up to 8% cashback from all Petronas service stations, without paying a single annual fee, ever!
Maybank Islamic Petronas Ikhwan Visa Gold Card-i, Benefits on the Road
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 TreatsPoints on your gold credit card.
How do you earn these reward points? Read on.
More Points, More Rewards
Whenever you spend on weekends at any Petronas petrol station nationwide, there will be 8% cashback to be earned.
The weekday rate is not at all too bad, as you will be getting 1% cashback.
Oops, let's not forget - when shopping for groceries or any other retail (because that's the only time we can stroll along the junk food section), you will also earn 1x TreatsPoints, both locally and overseas.
Use your Maybank card when paying for your education, utilities, insurance and 0% EzyPay to earn 1x TreatsPoint as well!
As mentioned earlier, on top of redeeming Petronas petrol vouchers, you will also be able to exchange your reward points for other amazing prizes and air miles.
They can be redeemed via the Maybank TreatPoints Programme such as household items, furniture, kitchenware, and the latest tech gadgets.
Maybank Islamic Ikhwan American Express Gold Card-i - Easy Application
Any regular Joe (read: Malaysian) can apply for Maybank Islamic Ikhwan American Express Gold Card-i 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.
For expatriates, you must be earning a minimum yearly income of RM60,000 to be eligible.
Also, there will be non-compounding charges on your monthly credit card debts. What does that mean? Simply, you will not be charged interest on the interest you're already charged for - which is typical for any credit card from other banks.
Maybank Islamic Ikhwan American Express Gold 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) and 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.
This change on the 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 Ikhwan American Express Gold Card-i 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 Income Tax Return
- Latest 2 months salary slips
- Latest 3 months savings account activity/current account statement
For self-employed:
- Copy of IC (both sides) or Passport
- Copies of the Business Registration Certificates
- Latest 3 months bank statement
For expatriates:
- Letter from employer confirming duration of employment contract in Malaysia
