Maybank Visa Platinum credit card

Also available as Amex

Maybank Visa Platinum

Distinctive Visa card for people seeking a generous line of credits and TreatsPoints on retail, petrol, utilities and even Maybank EzyPay!

  • 15% p.a. interest rate
  • 20 days interest-free period
  • 0% p.a. balance transfer over 12 months
  • Easy Payment Plan (EPP)
  • RM550.00 annual fee
  • Earn up to 2x reward points 
View product disclosure sheet.

Benefits

Because you should be rewarded for giving the bank your business

Rewards
Earn 1x Maybank TreatsPoints for every Ringgit you spend locally and 2x on every overseas spend, all year long! Plus you will get 2x TreatsPoints for every spend made during your birthday month.
Maybank TreatsPoints
EarnSpent
2 points on every RM1on your spending during birthday month
2 points on every RM1on all overseas spend
1 point on every RM1on all local spend
1 point on every RM1on education, insurance, utilities and 0% EzyPay
Your Maybank TreatsPoints earned expires in  3 years
Balance Transfer
Maybank Balance Transfer offers interest rates as low as 0% and repayment terms of up to a maximum of 36 months - that's 3 whole years to make amends with your money. Don't let owning a credit card be a burden to your lifestyle.
Pay OverWith Interest Rate AtWhen You Transfer
6 months0% p.a. and 1.88% one-time upfront handling feefrom RM1000 
9 months9% p.a. and 0% one-time upfront handling feefrom RM1000 
12 months0% p.a. and 3% one-time upfront handling feefrom RM1000 
24 months4.5% p.a. and 0% one-time upfront handling feefrom RM1000 
36 months4.95% p.a. and 0% one-time upfront handling feefrom RM2000 
Learn more about Maybankard Balance Transfer Program
Easy Payment Plan (EPP)
Maybank EzyPay offers payment terms up to 36 months, at 0% interest for purchases with participating merchants. For all other purchases, you can opt to Maybank EzyPay Plus for low rates installment of up to 24 months.
Pay OverWith Interest Rate AtWhen You Spend
3 months0% p.a. and no one-time upfront handling feefrom RM50 
6 months0% p.a. and no one-time upfront handling feefrom RM50 
12 months0% p.a. and no one-time upfront handling feefrom RM50 
18 months0% p.a. and no one-time upfront handling feefrom RM50 
24 months0% p.a. and no one-time upfront handling feefrom RM50 
36 months0% p.a. and no one-time upfront handling feefrom RM50 
Learn more about Maybankard EzyPay
Pay OverWith Interest Rate AtWhen You Spend
6 months9% p.a. and 0% one-time upfront handling feefrom RM500 up to RM30000
12 months9% p.a. and 0% one-time upfront handling feefrom RM500 up to RM30000
18 months9% p.a. and 0% one-time upfront handling feefrom RM3000 up to RM30000
24 months9% p.a. and 0% one-time upfront handling feefrom RM5000 up to RM30000
Learn more about Maybankard EzyPay PLUS
Travel
With every travel ticket charged to your Maybank Visa Platinum, you can stop having cold feet for being 30,000 feet above the ground as you are covered with a travel insurance up to RM700,000.
Travel CoverageSum Insured
Travel InsuranceUp to RM700000
Missed FlightUp to RM1000
Lost LuggageUp to RM3000
Delayed LuggageUp to RM1000

Fees & Charges

There are always fees but how much are they?

Annual Fee
RM550.00
Annual Fee for Supplementary Card
RM150.00
Sales and Service Tax
RM25 on each principal and supplementary card upon approval and anniversary date
Minimum monthly payment
RM25 or 5% of outstanding amount
Late payment fee
RM10 or 1% of outstanding amount, up to a maximum of RM100
Cash withdrawal fee
RM18.00 or 5.00% of withdrawn amount, whichever is higher
Interest Rate on Cash Withdrawals
18%
Contact-less Payment Methods
payWave

Requirements

Are you eligible for this credit card?

Minimum annual income
RM60000
Minimum age for primary card holder
21 years old
Maximum age for primary card holder
65 years old
Minimum age for supplementary card holder
18 years old
Who can Apply
Anybody

Features

Get some extra help from your credit card when you need it most

Easy Payment Plan
Maybankard EzyPay
Maybankard EzyPay PLUS
Easy payment plans (EPP) are great for large purchases that you want to pay off over a period of time.
Cash Advance / Cash Loan
Maybankard Cash Treats
Maybankard EzyCash
Cash Advance is a loan against the credit limit of your card at a reasonable rate.
Balance Transfer
Maybankard Balance Transfer Program
Balance transfer allows you to consolidate debt from your other credit cards onto this card.

Maybank Visa Platinum review

What's so good (or not so good) about it?

Seeking a platinum credit card to cater to your high-roller needs? 

Get familiar with the Maybank Visa Platinum to enjoy worldwide benefits and privileges, with exclusive memberships to the world's most prestigious clubs and societies, and a line of credit that is tailor-made to your needs.

Maybank Visa Platinum - Generous Reward Points

These are not your normal reward points, this Maybank TreatsPoints is so generous it lets you get your hands on whatever you've been eyeing for the longest time and rewards you for doing so. 

For every Ringgit you have credited on retail, education, insurance, utilities spent in Malaysia and 0% EzyPay, you will earn 1x TreatsPoints. 

In addition, for similar purchases made overseas, you will earn 2x TreatsPoints. It doesn't end just there, you can earn 2x TreatsPoints on all spending made throughout your birthday month.

Flexible Payment Plan

There are two choices of easy payment plans offered under this Maybank credit card: Maybank EzyPay and Maybank EzyPay Plus. 

You can swipe away on any items and convert the big amount into small bite-size payments over the course of 24 months, or less, with Maybank EzyPay. 

What's more, there is no interest on the amount you want to convert. 

The minus point is that not all merchants participating in Maybank EzyPay. Therefore, Maybank EzyPay Plus to the rescue. 

The payment mechanic is similar to its predecessor except that you need to pay interest over the tenure you have selected. 

Still a win-win when come to think of it.

Balance Transfer Plan

A credit card can also be a tool to effectively manage your troubled finances. 

With a brand new Maybank Visa Platinum, you will be able to transfer your outstanding balances from other credit cards at low interest rates via the Maybank Balance Transfer Program.

Your consolidated debts can be easily paid off at interest rates ranging from as low as 0% to as high as 0.75% per month, for up to 36 months. 

Buy yourself time, and catch up with your other bills.

More Cash Benefits with Maybank Visa Platinum

There are situations where cash is still king. Places such as community clinics, mom-and-pop stores and even parking machines would make your cards seem irrelevant. 

Your Maybank credit card can help turn this around by providing cash advances (Maybank Cash Treats and Maybank EzyCash) so that you can meet whatever needs that require immediate attention.


Maybank Visa Platinum 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 include:

  • 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 Visa Platinum are carried forward from the previous month's statement cycle are paid in full.

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