Rewarding cashback!
Maybank Islamic PETRONAS Ikhwan Visa Platinum Card-i: Best Credit Card for Petrol Savings & Islamic Banking Benefits
If you’re a regular at PETRONAS, why not earn cashback and rewards every time you refuel? Petrol is a necessary expense, but with the Maybank Islamic PETRONAS Ikhwan Visa Platinum Card-i, you can cut costs and get more value from every ringgit spent at PETRONAS stations.
This Shariah-compliant credit card not only gives you up to 8% cashback on fuel and non-fuel spending at PETRONAS but also TreatsPoints and Mesra Points to stack up even more rewards. Best of all? It’s completely free for life– no annual fees, no hidden costs.
But is this the right credit card for you? Let’s break down its features and see if it’s worth adding to your wallet.
Why Should You Apply?
This card is ideal for:
- PETRONAS customers who want to maximize cashback and rewards.
- Drivers who refuel on weekends to get the highest cashback rates.
- Shariah-conscious users looking for anIslamic credit card with no riba.
- Anyone looking for a free-for-life credit card (no annual fees, ever).
- Eco-conscious consumers, as this card is made from biodegradable material.
If you fit into these categories, this card can be a great way to reduce fuel costs and earn extra perks.
How Much Cashback Can You Earn?
Cashback is the main highlight of this card, and if you use it smartly, you can maximize your savings every month.
8% Cashback on Weekends – Maximize Your Fuel Savings
- 8% cashback on fuel and non-fuel purchases at PETRONAS (Kedai Mesra included!).
- Capped at RM50 per month, so you’ll get the full cashback if you spend RM625 monthly at PETRONAS.
- Only valid on weekends (Saturday & Sunday).
Best way to use this: Plan your refueling for weekends to get the highest cashback possible. If you hit theRM625 spending cap, you’ll fully maximize the RM50 cashback limit.
5% Cashback on Weekdays – Still a Good Deal
- 5% cashback on all PETRONAS fuel and non-fuel purchases.
- Still capped at RM50 per month.
- If you can’t refuel on weekends, this is still a solid cashback rate.
Best way to use this: If you must refuel on weekdays, you’re still getting 5% back, which is better than most cards.
What’s the Catch?
- Cashback only applies to PETRONAS stations. No cashback for Shell, BHP, Caltex, or Petron users.
- Max cashback is RM50 per month, so if you spend a lot on petrol (RM625+ monthly), you won’t get additional cashback beyond this limit.
What About Rewards? TreatsPoints + Mesra Points!
Apart from cashback, this card doubles up on rewards with two types of points – Maybank TreatsPoints and PETRONAS Mesra Points.
1. Maybank TreatsPoints – Earn & Redeem for More Perks
- 8x TreatsPoints per RM1 on weekends at PETRONAS.
- 5x TreatsPoints per RM1 on weekdays at PETRONAS.
- 1x TreatsPoint per RM1 on education, insurance, utilities & 0% EzyPay.
- Redeem points for PETRONAS fuel vouchers, shopping vouchers, air miles, and more.
Best way to use TreatsPoints: Convert them into fuel vouchers or air miles for extra value. If you fly often, these points can be converted into Enrich, KrisFlyer, or Asia Miles.
2. PETRONAS Mesra Points – Earn Extra Fuel Savings
- Every time you use this card at PETRONAS, you still earn Mesra Points.
- Mesra Points can be redeemed for fuel discounts.
Stacking Rewards: Since you get cashback + TreatsPoints + Mesra Points, every ringgit spent at PETRONAS gives you triple the value.
Other Perks & Benefits
- Lifetime-Free Card – No Annual Fees, Ever
Unlike some cashback cards that charge RM100+ per year, this card is completely free. No need to worry about hidden fees or extra costs.
- Shariah-Compliant – No Riba
This is a fully Islamic credit card, meaning it follows Shariah principles and does not charge interest in the conventional way.
- Eco-Friendly Design – A Small but Nice Touch
This card is made of biodegradable PLA material (from non-edible corn) to reduce plastic waste. It’s a small step toward sustainability, which is a nice extra for eco-conscious users.
How the Charges Work (Ujrah-Based Fees)
Instead of interest, you pay a fixed monthly fee (Ujrah charge) based on your outstanding balance:
| 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% |
- No compounding fees – If you’re used to conventional cards where interest snowballs, this system gives you more control.
- Avoid Ujrah charges by paying in full – You get a 20-day grace period to clear your balance before the charge kicks in. Should you worry about fees? If you pay your bill in full each month, you won’t have to pay Ujrah charges at all. If you carry a balance, the fee is flat and predictable, making it easier to manage compared to compounding interest on conventional cards.
Who Can Apply?
This card is a good fit if you:
- Are a Malaysian citizen or an expatriate working in Malaysia.
- Earn at least RM60,000 per year – This makes it more suitable for professionals or high-mileage drivers.
Documents Required for Application:
For salaried employees:
- IC (both sides)
- Latest 3 months’ salary slips
- 6 months’ bank statements.
For self-employed individuals:
- IC (both sides)
- Business registration certificates
- 6 months’ company or personal bank statements.
For expatriates:
- Employment confirmation letter with contract duration in Malaysia.
Final Thoughts: Is This the Right Card for You?
The Maybank Islamic PETRONAS Ikhwan Visa Platinum Card-i is perfect for:
- Frequent drivers who want to save on fuel with up to 8% cashback at PETRONAS.
- Shariah-conscious consumers looking for an Islamic credit card with no riba (interest) and compounding charges.
- Cardholders who want free takaful coverage and rewards on their everyday spending.
With no annual fees for life, strong fuel savings, and Shariah compliance, this card is a great option for smart spenders who drive regularly.
