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Maybank · Mastercard Platinum · Cashback

Maybank myimpact Ikhwan Mastercard Platinum

Earns
Up to 8% Health / pharmacy, EV charging, Education and more
Lounge
Not stated
Min income
RM24,000 a year
Annual fee
Free for life
See it on Maybank's site

Good for

  • 8% cash back on e-hailing, pharmacies, EV charging, public transport and education, up to RM35 a month.
  • No annual fee, no late payment charge and no compounding profit.
  • An Islamic card with a lower income bar than the myimpact Visa Signature: RM24,000.

Watch out

  • Other spend earns 0.5% only when you tap or pay by phone, and nothing otherwise.
  • Petrol, airlines and utilities earn no cash back.
  • The 8% cap is reached at about RM438 of spend a month.

What it earns

Cash back, as a share of what you spend.

SpendingEarnsDetails
Health / pharmacy, EV charging, Education and more8% Up to RM35 back a month.
Spending in shops except Health / pharmacy, EV charging, Education and more0.5% Up to RM35 back a month.
Petrol, Airlines (direct), Utilities and moreNothing Petrol, Airlines (direct), 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
On the 1st of each month Maybank credits the cash back to the principal card's account on the 1st of every month, including cash back from supplementary card spend. Under RM1.00, nothing is paid.
Which month counts
The calendar month it posts in Spend and the RM35 caps count per calendar month. A purchase made at the end of one month but posted in the next counts in the next month (for example, made 30 April, posted 1 May: counts in May).
When you lose it
If you close the card Closing the card account forfeits any cash back not yet credited. Maybank credits it on the 1st, and on that day the card must be active and in good standing. If the account is overdue, closed, under investigation or in dispute, Maybank can withhold or cancel the cash back. If a purchase is refunded or reversed, its cash back is reversed too.

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 for life
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
None Other Maybank cards charge 1% of the balance, RM10 to RM100.
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, Samsung Pay Tapping by phone also earns the 0.5% cash back.
Card network
Mastercard Platinum

Where this comes from