Thanks for the Like :)

Click on Images Below to Read Articles By GenX GenY GenZ

Chitika Ads

GenX GenY GenZ Proudly Presents Melbourne Victoria Australia

Saturday, February 18, 2012

Maybankard 2 Cards - American Express with MasterCard or Visa 2012

An article by GenX published at www.generationsxyz.blogspot.com

UPDATE February 2014 - FREE Movie Tickets at TGV every Thursday with Maybank Credit Cards including Maybankard American Express :)


UPDATE October 2013 - Good News - Our MBB 2 AMEX  now has MSOS SafeKey. I wanted to purchase Air Asia ticket and was rejected because I needed to activate AMEX MSOS SafeKey. So I called MBB CS and registered for the MSOS for my AMEX. Within minutes I received an SMS informing that my registration has been successful and immediately I can purchase the Air Asia tickets.

UPDATE (August 2013): As of August 2013, Maybank has revised upwards the TP required for redeeming the same cash voucher prior to August 2013. But with Maybankard 2 Card AMEX earning 5X TP for every Ringgit spent, it is still the best credit card for earning reward points as far as local spending is concerned. This is because, with the 5X TP and 12,5000 TP to redeem for RM50 cash voucher, we still get cash b
ack equivalent of 2%. Also please note that Treats Points earned expire in 3 years time and are no longer evergreen.

Update April 2013- Maybank AMEX is accepted at UNIQLO and Petronas as of January 2013 :)




In January 2011, Maybank launched one of the best credit card in Malaysian for local spending, that is the Maybankard 2 Card. I must say MBB did their homework and has come out with a product (actually 2 in 1) that has a combination of benefits that its competitors offer. The Maybankard 2 (called Maybankard Dua) American Express Card gives you 5X Treats Points for every Ringgit spent for ANYTHING, ANYTIME and ANYWHERE in the world. 

I can't understand the design of the Maybankard 2 Platinum Cards with the whitish rings on the card and it is like a Black Hole to me (maybe MBB got a Feng Shui master to advise them and the design is like a whirlpool sucking your money with this card and nothing left to spend with other cards, haha). 

Here are the benefits of Maybankard 2 in Maybank's website:

  • The benefits of two cards, Maybankard 2 American Express® Card and Maybankard 2 MasterCard or Visa Card, in one sign up, one service tax, and one statement.
  • Enjoy a low Finance Charge of 8.88% p.a. on your outstanding retail balance, and save up to RM2300 a year¹. All you have to do is promptly settle your minimum payment of 5% or a minimum of RM25.
    ¹Based on RM3,000 monthly spend with minimum repayment of 12 months.
  • 5x TreatsPoints for every Ringgit spent on Maybankard 2 American Express Card and 1x TreatsPoint on Maybankard 2  Mastercard/Visa Card in Malaysia or anywhere else in the world.
  • 5% Weekend cash back² when spend on Maybankard 2 American Express Card.
    ²A cap of RM50 per customer (Principal Cardmember) per month
  • Enjoy lowest finance charge of 8.88%³ per annum on your outstanding retail balance. All you need to do is promptly settle minimum payment, 5% of the outstanding balance or a minimum of RM25.
    ³Maybank reserves the right to revise the Finance Charge as and when it deems necessary, with 21 days prior notice.
  • Lifetime Fee Waiver with complimentary supplementary cards.

  • Travel Insurance Coverage
    Charge your travel fares to the card to enjoy complimentary Accidental Swath and Disablement coverage of up to RM1,000,000, as well as Travel Inconvenience coverage for missed connections, luggage delay and luggage loss. 
  • Retail ProtectionPurchase protection of up to RM20,000 per item and up to RM150,000 per card account per calendar year.
    Return Guarantee exchange or refund of up to 90days (Maximum RM1,500 per item on purchase price, up to a maximum of RM6,000 per card account per calendar year)
    Extended Warranty of up to Rm15,000 per item (Up to RM48,000 per card account per calendar year.)
  • Golf Privilege - Complimentary golf at selected golf courses around Malaysia.


To highlight again the above benefits which I feel is worth repeating:

I) 2 Credit Cards for a single GST of RM50 or shall we say RM25/each.

II) Free Lifetime Annual Fees - no conditions, no need to swipe minimum times or spend a minimum amount annually.

III) Travel Insurance for the Platinum card only - this is great as can use the card to purchase tickets and get 5X rewards points and 5% cash rebate (max RM50 but still better than nothing). 

IV) 5X Treats Points anywhere in the world plus monthly cap of RM50 cash back for every Saturdays and Sundays. The cash back capped at RM50 is combined for Principal card holder and Supp cards.

V) The Visa or MasterCard,you can keep in your drawer as it only gives 1X point for every Ringgit. (But if you want 0% installment plans by merchants, then this card may be of use). 


Comparison between Maybank 2 American Express Card and OCBC Titanium MasterCard

MBB 2 Amex gets 5X Reward Points Everyday, Anywhere and Anytime vs. OCBC TMC Nothing, Nil, None, Zero;

MBB 2 Amex Free Lifetime Annual Fees vs. OCBC TMC need to swipe 12 times;

MBB 2 Amex GST must pay (but with 5X points only need to spend RM2K to get 10,000 Treats Points  to offset GST ) vs. OCBC TMC must pay but auto waived if spend RM10K annually;

MBB 2 Amex 5% cash back on weekends anywhere vs. OCBC TMC 5% cash back anytime but not everywhere;

MBB 2 Amex offers Travel Insurance vs. OCBC none; and last but not least  

MBB 2 Amex overseas transactions are subjected to 2.5% Admin Charge but with 5X maybe this is acceptable vs. a lower overseas conversion rate with OCBC TMC (do note again that the RM50 cap which may limit the usefulness of OCBC Titanium MasterCard for overseas spending). 

BOTH MBB 2 Amex and OCBC Titanium cash rebate is capped at RM50/month :(

So does the above comparison conclude that you should not get the OCBC Titanium? Not necessarily. It depends on your spending pattern. 

If you don't spend more than RM1,000 per month with credit cards then maybe no point getting the OCBC as Maybank 2 Cards consists of 2 in 1 i.e. you get AMEX with Visa or MasterCard. Therefore, in the event a particular merchant does not accept AMEX, you've still got the Visa or MasterCard as standby.

For the Maybankard 2 AMEX card, on weekends it's like you get something equivalent to about 7.5% cash back for anything including Petrol (for your information if you spend your money at ESSO you get another 1.5% with Smiles Points and at 1U another 1% with the One Card). Click here to read my post - Cards to compliment your CC.

How did I get 7.5%? The 5X Treats Points (TP) you get for every Ringgit can be said to be equivalent to approximately 2.5% cash back based redemption of voucher(s). For example, 2,000 TP gets you a RM10 McD voucher, 10,000 TP gets you a RM50 Metro Jaya voucher and 20,000 TP gets you a RM100 Jaya Jusco Voucher. Click here to see Treats Points Catalogue for vouchers.

Before you go saying AMEX is not widely accepted, let me repeat here again that AMEX is accepted at ESSO/MOBIL, Guardian, Watsons, Caring, OTO, GIANT, Carrefour, Harvey Norman, Courts, All IT, DELL, TESCO, JAYA JUSCO, TGIF, FOS, Poh Kong, PappaRich, Pasta Zamai, Canton i, Air Asia, JetStar, Malaysia Airlines, DiGi, Maxis, Celcom, Assessment Tax (Cukai Pintu) and many other places and not necessarily only at high end luxury outlets. 

However, if you spend more than RM1K per month, then the Maybankard 2 American Express together with the OCBC Titanium MasterCard are must have cards to have in your wallet simply because these two cards give 5% cash back and when combined together you get a total maximum of RM100/month. Now as mentioned above, 5X TP is equivalent to approximately 2.5% cash back, so for weekdays the Maybankard 2 AMEX is still better compared to the OCBC Titanium which only gives you 1% cash back (for transactions other than Petrol, Dining, Groceries and Utility Bill).  You should only use the OCBC Titanium for Petrol, Dining, Groceries and Utility Bills to get the 5% cash back and where AMEX cards are not accepted.

The only time that you will want to use the Maybankard 2 Visa or MasterCard is when you have maxed out the OCBC Titanium Cash back of RM50 or you want to go with 0% installment plan with a particular merchant that offers it for Maybank card holders. The Maybankard 2 Visa or MasterCard only gives you 1X Treats Points or equivalent about 0.5% cash back based on voucher redemption. On the subject of 0% installment plan, ladies, did you know that Coach have 0% installment plan with OCBC credit card .

If you spend above RM3K per month, it is wise that you get another VISA or MasterCard that gives you more than the 1X Treat Points with Maybankard 2 Visa or MasterCard.  Reminder again, OCBC cash back is capped at RM50/month and therefore it is good for up to only RM5K spending (that's assuming you don't use it for Dining, Petrol and Groceries and get only 1% cash back). 

Maybank Treats Points cannot be redeemed for cash, unlike American Express Membership Reward points; however, since both the Maybank 2 American Express and Visa/MasterCard share the same statement, they share the same Treats Points. If this is the case, you can use the Maybankard  2 Visa or MasterCard as a "cash card" at 1U shopping complex with Rcubed where you can redeem 2100 Treats Points for RM10 (equivalent to 2.38% cash back based on 5X TP for every RM1).

Click here to see Rcubed redemption.

And to find out why the 5X Treats Points we earn with the Maybankard 2 Amex is so wonderful, click here to read my article at My Credit Cards where I published an article titled Apple iPad2 for RM999 with Maybank On The Spot Redemption.


OVERSEAS TRANSACTIONS

If you noted, I started of with saying that the Maybankard 2 AMEX is great for local transactions with the 5X Treats Points. I also mentioned that the MBB 2 AMEX earns you 5% cash back  anywhere on earth on Saturdays and Sundays; but the maximum cash back is capped at RM50/month. So you have to work out if using the Maybankard 2 AMEX for your overseas transactions is worthwhile taking into consideration that 5X Treats Points is approximately equivalent to 2.5% returns and the cash back on weekends is capped at RM50.

Here is a very useful information table comparing overseas transactions between Maybankard 2 AMEX versus Maybank MasterCard prepared by a member of LYN by the nickname jchong.

Above table prepared prior Aug 2013, it now takes 12,500TP to redeem for RM50 cash voucher. 

From the above table by jchong, it can be noted that AMEX's rate can be as high as 3.3% whereas MasterCard's rate is flat at 1.03%. What this means is that you will be paying upfront more with the Maybankard 2 AMEX when the bill comes but you also earn 5X TP. So you have to consider you want to fork out money upfront and earn more Treats Points or pay less with the MasterCard.

Click here to check Visa International Foreign Exchange Rates

Click here to check MasterCard Foreign Exchange Rates


HOW TO APPLY FOR THE MAYBANKARD 2 CARDS

If you are an existing Maybank card holder, you may simply apply for any MBB cards via phone, no need to fill in any forms at all. Click here to read about my application for MBB Platinum MasterCard last year via phone call. So once again as I was too lazy to fill in an application form, I applied for the Maybankard 2 Cards via phone on 18th January 2011 through Maybank Tele-Marketing unit at 03-58914777 which is based at Bukit Jelutong. However, when applying via phone you cannot apply for supp card which can only be done after the principal card has been approved. You can also call Customer Service Toll Free line but I prefer to call the tele-marketing line as it's easier for me to speak to the same girl I spoke to for my application when I want to follow up on my Maybankard 2 Card later on.

Alternatively, you may download the application form and fax to Maybank (this method may be faster as all your details are filled in by you and the possibility of an error is less and easier for MBB officer to process your application).

You can email the application form to amexcards@maybank.com.my or fax to 03-2282 0373.

And of course you can just walk into any of the 400 Maybank branches to apply for the Maybankard 2 Cards.

And the fastest way to get the Maybankard 2 Cards is go to Maybank Card Centre at 1 Utama or KLCC where they will process you application within 2 hours.


MBB claims that you can be issued the Maybankard 2 cards in 60 minutes at their 1 Utama and KLCC Card Centre. Well, this is indeed very good for those living in Klang Valley.

It is stated that you need to bring along your MyKad, lastest 2 months salary slips, EPF Statement, Income Tax BE Form and official Tax Receipt and other supporting documents. I was told that most credit cards issuers now no longer consider new application based on existing credit cards.

Best you call the card centre to double confirm the relevant documents required before you go over.

Maybankard Centre at 1 Utama
Lot G-341B, New Wing, 1 Utama Shopping Center, Petaling Jaya, Selangor
03-7728 5451



The End. Hope the above has been informative to you. Thank you for reading.

For more FREE Financial Tuition, click here to my article Credit Card Effective Cash Back Rate. In this article I will show you the maximum effective cash back rate for the Maybankard 2 Cards, OCBC Titanium MasterCard, Hong Leong Bank Wise and even CIMB Cash Rebate Platinum if you getting it for online transactions only.


Click here to read my review of OCBC Titanium MasterCard which gives you 5% cash back for Petrol, Dining, Telco Bill, TNB Bill, Astro and Groceries. 



Click here to read my review on the UOB One Card Visa.  I have prepared a table showing cash back comparison between OCBC Titanium MasterCard versus Citibank Platinum Cash Back versus Maybankard 2 Amex versus UOB One Card.

Click here to read more about Maybank Credit Card Promotions and Benefits 2012 - New, posted in  March 2012.

Click here to see reward cards that can compliment any credit cards.

Click here to read The Best Credit Cards for Petrol 2012.

Click here to read my brief updated comparison of Maybankard 2 Cards versus Citibank Platinum Visa/MasterCard Cash Back Card.



Click here to read Maybank2U for Maybank Credit Cards - You Don't Need a Savings or Current Acct.

Click here to my other blog to read my article titled Currencies Rolex No.8 where I mentioned about buying a Rolex watch with Maybankard2 Amex and then do Balance Transfer to CIMB.

Click here to my other blog to read my article Mobile Online Fraud with a photo shawing a fake M2U Email.

Click here to see 2 comparison of Maybankard 2 Cards versus HSBC Visa Signature

Click here to read my article The Best Credit Card in Malaysia - Is There Really One?

Click here to see To Guide to my previous articles.

If you travel overseas very often, check out the Maybank Visa Infinite where you can earn 5X TP for every RM1 spent overseas. To read my full and complete review of the Maybank Visa Infinite - click here.


Those of you who are interested in converting you Treats Points to Enrich Miles, click here to read my article Toshiba i5 for RM999 with Maybankard On The Spot Redemption and  ENRICH MILES REDEMPTION 


Click here to read my article titled FREE Money From Maybankard and BonusLink for My Wife's SK-II.



In July 2012, a new pure cash back credit card called MACH by Hong Leong Bank was launched. This card is targeted at the Entry Level users where the annual income requirement is RM24K/year. This is another innovative credit card by Hong Leong Bank. Click here to read my article Mach By Hong Leong Bank For GenY - First Look.

Click here to read my article My Son Is Going To The USA on Business Class Again and learn how you can get more than 10% cash back from using the wonderful Maybankard 2 American Express and Maybank Visa Infinite.


Up to 31 December 2013, we can get up to 7% discount when with book our rooms with Agoda using our Maybank credit cards. Click here to read my article Online Hotel Bookings with My Credit Cards and see for yourself if the offer is really good.

Click here to my article titled New Credit Cards 2013 in Malaysia where I did a review comparing CIMB Cash Rebate Platinum MasterCard versus Citi PremierMiles American Express versus Citi Prestige MasterCard Master Elite versus Hong Leong Bank Wise Visa versus, RHB Visa Signature vs. Standard Chartered Bank WorldMiles MasterCard.

8 comments:

  1. Thanks for the write up on credit cards. I've been using a few now (HLB Essential, Citi AA) and I'm thinking of getting one that's best suited to my expenses.

    Your site provides good information on such issue.

    ReplyDelete
  2. Man Bucit, thank you for the reading and glad that you find my blog helpful.

    ReplyDelete
  3. Can i ask genX, the membership benefit shown in american express website (eg. for dining, travelling or retail purchase etc), is it applicable for the maybankard 2 american express as well?

    ReplyDelete
  4. MD, thank you for visiting my blog. Please sign up as a follower to comment (it is stated above the comment box). This comment will be deleted in 24 hours if you still have not sign up.

    As for your question, answer is YES and NO. You have to check if it states Maybankard 2 Platinum or not. Generally, a promotion is not applicable to Maybankard if the ad states "The Platinum Card" or "Membership Reward". Best you goto M2U site and click on AMEX Promo.

    ReplyDelete
  5. Hi, thank you for your wonderful blog.
    Have gone tru almost cc to choose if i spend 1-3k per month. (that included mostly insurance installment monthly auto-payment)
    Shud i need both MBB duo n OCBC titanium to cover all my expenses or i need more.
    Kindly advise. Thank you.

    ReplyDelete
    Replies
    1. 晓鸿 thank you for reading my articles. I would appreciate if you could kindly sign up as a "Follower" as mentioned in my Notice in order to comment or ask question. I will reply you this time :)

      If your expenses are mostly for insurance, MBB 2 Cards may not be appropriate because man insurance companies do not accept AMEX.

      If your insurance is with GE, go get OCBC Great Eastern credit card. Else for insurance up to RM3K, the OCBC Titanium MasterCard is pretty good with 1% cash back for insurance premiums and annual fee waived with 12 swipes.

      The Free For Life Maybankard 2 Cards AMEX is very good where the OCBC Titanium MC don't earn yu 5% cash back. And better still if you transact on Saturday and Sundays at places that accept AMEX (e.g. AEON, Giant, Tesco, Best Denki, Harvey Norman, etc). You just need to spend RM2,000 a year with the AMEX card to earn 10,000 Treats Points to offset GST for the following years.

      If you ask me, no harm getting both the Maybankard 2 Cards and OCBC Titanium MasterCard.

      Delete
  6. Hi.. Amex is american express right? Just wanna know is amex acceptable at petrol station??

    ReplyDelete
    Replies
    1. Yes, with the Maybankard 2 American Express credit card, we get to earn 5% cash back on weekends and 5X TP too at most petrol stations including Petronas.

      Delete

Only followers of GenX GenY GenZ comments will be published :)