Maybank · Visa Signature · Cashback

Maybank myimpact Visa Signature

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 interest.
Free travel cover up to RM1 million when the fare is on the card.

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.

Cash back, as a share of what you spend.

Spending	Earns	Details
Health / pharmacy, EV charging, Education and more	8%	Up to RM35 back a month.
Spending in shops except Health / pharmacy, EV charging, Education and more	0.5%	Up to RM35 back a month.
Petrol, Airlines (direct), Utilities and more	Nothing	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.

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, delinquent, 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.

Free. The cover starts once you pay the full fare with this card.

Travel accident: Up to RM1 million Covers you, plus a spouse and children under 23 whose fares are on the card.
Travel inconvenience: Up to RM3,000 for lost luggage RM1,000 each for a missed connection or luggage delayed over 12 hours. Pay for emergency clothing with this card, or the claim is refused.
Shopping and fraud cover: Not listed Maybank does not list this cover for this card.
Insurer: Etiqa General Insurance

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 No compounding: interest is charged on the principal only. The rate 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: None Other Maybank cards charge 1% of the balance, RM10 to RM100.
Cash withdrawal: 2.52% fee, at least RM11.65 Plus 18% a year interest, worked out daily. No interest-free days.
Replacement card: RM50

Income: RM36,000 a year or more
Age: 21 to 65 Extra cardholders from 18.
Documents: Copy of NRIC (both sides) or passport, supplementary applicants too
Latest BE form with the official tax receipt
Latest 3 months' salary slips
Latest 6 months' savings or current account statements
Self-employed: business registration and 6 months of bank statements. Expatriates: a letter from the employer on the length of the contract.

Concierge: Visa Signature Concierge 24/7 by phone, WhatsApp or online. Travel, gift, business and entertainment requests. You pay for what you buy.
Pay by phone: Apple Pay, Google Pay, Samsung Pay Add it in the MAE app, Apple Wallet or Google Wallet. Tapping by phone also earns the 0.5% cash back.
Card network: Visa Signature