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Maybank · American Express · Cashback

Maybank Amex Cash Back Gold

Earns
1.5% Overseas
Lounge
None
Min income
RM30,000 a year
Annual fee
RM70 First year free
See it on Maybank's site

Good for

  • Simple cash back with no cap: 1% on local spend, 1.5% overseas.
  • First year free, for the main card and 2 supplementary cards.

Watch out

  • RM70 a year from the second year, and no spend waives it.
  • No cash back on utilities, JomPAY, FPX, government payments or e-wallet reloads.
  • Foreign currency spend carries a 2.5% Amex conversion factor, more than the 1.5% back.

What it earns

Cash back, as a share of what you spend.

SpendingEarnsDetails
Spending in a foreign currency1.5%
Everything else1%
Utilities, Government / LHDN / JPJ, JomPAY / FPX / DuitNow to billers and moreNothing Utilities, Government / LHDN / JPJ, JomPAY / FPX / DuitNow to billers, Touch 'n Go reload, Grab top-up / GrabPay, Boost top-up, ShopeePay top-up and MAE / other e-wallet.

Getting your cash back

How it's paid
1st of the following month Credited to the principal card account on the 1st of the following month, and shown on the statement after that date. Each transaction's cash back is cut to the sen, never rounded up.
When you lose it
If the account is overdue or closed Maybank can withhold or cancel cash back while the account is overdue, delinquent, closed, under investigation or in dispute with the bank. Refunded or disputed purchases earn none.

Travel

Airport lounges
None
Overseas spending fee
2.5% 2.5% Amex conversion factor on Maybank's fee page. The PDS says the Amex rate plus 1% Maybank.

Insurance

Insurance
None listed Maybank lists no cover for this card.

Fees and charges

What it costs if you don't pay in full, or use it for cash.

Annual fee
RM70 Free the first year.
Extra (supplementary) cards
RM45 a year Free in the first year for the first 2 supplementary cards.
Service tax
RM25 a year per card A government charge on every credit card in Malaysia, billed by the bank.
Interest
15%, 17% or 18% a year Depends on how reliably you paid over the last 12 months. None if you pay the full balance by the due date (20 days after your statement).
Minimum monthly payment
5% of the balance, or RM25 Whichever is higher, plus any instalments and past-due amounts.
Late payment
1% of the balance, RM10 to RM100 Charged when the minimum payment is late.
Cash withdrawal
2.52% fee, at least RM11.65 Plus 18% a year interest, worked out daily. No interest-free days.
Replacement card
RM50

Who can apply

Income
RM30,000 a year or more
Who
Maybank account holders only
Age
21 to 65 Extra cardholders from 18.
Documents
  • Copy of NRIC (both sides) or passport
  • Latest 3 months' salary slips
  • Latest 6 months' savings or current account statements
Self-employed: tax return (Form B or EA), business registration and 6 months of bank statements.

Other perks

Pay by phone
Apple Pay Apple Pay only: add it in Apple Wallet or the MAE app. Google Pay takes only Maybank Visa and Mastercard cards.
Card network
American Express

Where this comes from