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Maybank · Mastercard Platinum · Cashback

Maybank Cash Back Mastercard Platinum

Earns
2.25% Dining, from RM1,500 a month
Minimum spend
RM1,500 a month or it pays 0.2%
Min income
RM24,000 a year
Annual fee
Free for life
See it on Maybank's site

Good for

  • No annual fee, for life.
  • 8% on e-hailing and online groceries, dining and food delivery, and streaming, up to RM18 each a month.
  • No Maybank overseas fee on card-present spend in Singapore, Thailand, Japan, South Korea and Indonesia.

Watch out

  • The 8% needs RM1,500 of spend in the statement month; below it, everything earns 0.2%.
  • Each 8% category is full at RM225 of spend; spend past it earns nothing.
  • Government and utility payments earn no cash back.
  • Cash back is paid in whole ringgit, rounded down, so you can get up to RM0.99 a month less than the calculator shows.

What it earns

Cash back, as a share of what you spend.

  • Counts toward the minimum: every billed purchase, except the ones below.
  • Does not count: Utilities, Government / LHDN / JPJ, JomPAY / FPX / DuitNow to billers, Touch 'n Go reloads, Grab top-up / GrabPay, Boost top-up, ShopeePay top-up and MAE / other e-wallet.
SpendingUnder RM1,500RM1,500 or moreMonthly cap
Grab rides 0.2% 8% RM18 shared with Groceries online, reached at RM225 between them
Groceries online 0.2% 8% RM18 shared with Grab rides, reached at RM225 between them
Dining and Food delivery 0.2% 8% RM18 reached at RM225
Streaming and games 0.2% 8% RM18 reached at RM225
Everything else 0.2% 0.2% None
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 Nothing Nothing

Getting your cash back

How it's paid
Each statement month, rounded down to RM1 Supplementary card spend is added to the principal's, and the cash back goes to the principal card. The T&C do not give a payment date.
Which month counts
The statement month, by posting date Spend, the RM1,500 minimum and the RM18 caps count per statement cycle. A purchase posted in the next cycle counts in that cycle.
When you lose it
If you close the card or fall behind Closing the card account forfeits cash back built up. Maybank can withhold or cancel it for an overdue, delinquent, closed, investigated or disputed account, and reverses it on refunds.

Travel

Overseas spending fee
2.25% 1.25% Visa or Mastercard plus 1% Maybank

Fees and charges

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

Annual fee
Free for life No spending needed to keep it free.
Extra (supplementary) cards
Free
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.
Minimum monthly payment
5% of the balance, at least RM25 Plus any instalments, past-due amount and amount over the limit.
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
Replacement card
RM50

Who can apply

Income
RM24,000 a year or more
Age
21 to 65 Extra cardholders from 18.
Documents
  • NRIC or passport, both sides, also for supplementary applicants
  • Latest BE form with tax receipt
  • Last 3 months' salary slips
  • Last 6 months' savings or current account statements
Self-employed: business registration and 6 months' bank statements. Expatriates: employer letter on the contract length.

Other perks

Pay by phone
Apple Pay, Google Pay
Card network
Mastercard Platinum

Where this comes from