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Maybank · American Express · Cashback + Miles

Maybank Ikhwan Amex Platinum

Earns
0.1 miles per RM Dining
Lounge
Not stated
Min income
RM40,000 a year
Annual fee
Free for life
See it on Maybank's site

Good for

  • No annual fee, for life.
  • Online shopping. 8% cash back, up to RM50 a month (RM100 in Ramadhan and Syawal).
  • 2 TreatsPoints per RM1 on retail spend in shops.

Watch out

  • Online spend past RM625 a month earns nothing: it never earns TreatsPoints.
  • Utilities, telco bills, subscriptions and auto-debits earn no cash back.
  • Overseas fee is 3.5%: up to 2.5% Amex plus 1% Maybank.

What it earns

Cash back and TreatsPoints. The points rows show the miles those points make in Enrich, KrisFlyer or Asia Miles.

SpendingEarnsDetails
Spending in shops except Utilities, Education, Insurance and more2 points per RM 0.1 miles per RM.
Utilities, Education, Insurance and more1 point per RM 0.05 miles per RM.
Spending online except Utilities, Telco, Streaming and games and more8% Up to RM50 back a month.
Government / LHDN / JPJ, JomPAY / FPX / DuitNow to billers, Touch 'n Go reload and moreNothing 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
By the 15th of the next month, to the principal card Supplementary card spend is added to the principal's. Under RM1.00, nothing is paid.
Which month counts
The calendar month, by posting date The cap counts per month: RM50, or RM100 in the months of Ramadhan and Syawal. A purchase posted in the next month counts in that month.
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, closed, investigated or disputed account, and reverses it on refunds.

Points and transfers

Enrich
20,000 points for 1,000 miles Moved in blocks of 20,000 points.
KrisFlyer
10,000 points for 500 miles Moved in blocks of 10,000 points.
Asia Miles
20,000 points for 1,000 miles Moved in blocks of 20,000 points.

Travel

Overseas spending fee
3.5% Up to 2.5% Amex 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 An Islamic card (Commodity Murabahah): these are effective profit rates, not compounded. They depend 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
RM40,000 a year or more
Age
21 to 65 Extra cardholders from 18.
Documents
  • NRIC or passport, both sides
  • Last 3 months' salary slips
  • Last 6 months' savings or current account statements
Self-employed: tax return (Form B or EA form), business registration and 6 months' bank statements. Expatriates: employer letter on the contract length.

Other perks

Pay by phone
Apple Pay Google Pay takes only Maybank Visa and Mastercard cards.
Card network
American Express

Where this comes from