Maybank Amex Card Offers 5x Membership Points

maybankamex

Maybank American Express Gold Credit Card can give you up to 5x rewards point. Besides, American Express Gold Credit Card is the first in Malaysia to offer the lowest interest rate of 9% per year. However, the credit card holders need to make consistent minimum payments to enjoy the 9% interest rate instead of normal charges of 16% per year.

maybankamericanexpress

Based on what I’ve known, not many local banks offer AMEX card. As I know, Maybank offers it. AMEX is not popular because not many merchants accept it as well. Also, AMEX’s merchant charges are higher than VISA and MASTERCARD; so this is reason why a lot of shops doesn’t get AMEX merchant’s

Minimum Requirement To Apply Maybank Amex Card

Minimum annual income:

RM36,000

Benefits of Maybank Amex Card

maybankamericanexpress

You can earn 5x Membership Rewards Points for every RM1 spent at groceries (Carrefour, Cold Storage, Cosmart, Giant, Jusco Supermarket, Tesco), petrol station, selected bookstores like Borders, Kinokuniya, MPH, Times, and telecommunication charges via auto debit service like Maxis, Celcom, Digi, Telekom.

Apart from above mentioned merchant, you can earn 2x Membership Rewards Points for every RM1 spend elsewhere.

Limitation of Maybank American Express Card

I noticed that it’s actually brought benefits mainly for credit card holders who have monthly outstanding balance only! The 9% so called lowest interest rate in Malaysia is not for good credit card payment holder like me. I always make full payment for my credit card’s monthly payment bill. So, the major selling point of the credit card is no longer my consideration.

In conclusion, this Maybank Amex Card will give more rewards in bonus points rather than a cash rebate. So, if you are a frequent traveler then this could be a good card for you to earn fast points.

8 thoughts on “Maybank Amex Card Offers 5x Membership Points”

  1. Gold price shall rise up to $1200 an ounce by end 2009 is TRUE.
    Crude Oil price shall rise up to $89 a barrel.

    Insiders source.

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  3. What is this nonsense about RM 5 for monthly statement????

    Forcing customers to register for online statement!!!

    Isn’t this a basic requirement for credit facilitators, Is Maybank trying to take the law into their own hands?

    I can’t argue about this yet, as Maybank has shifted it’s deadline for cardholders to register online for e-statement from May 2010 to July 2010.

    Until they begin to charge we cannot say anything.

    Hope they will reconsider this move…

    Let’s See…

    Mahen

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