Maybank Cash Back Mastercard Platinum
Maybank Cash Back Mastercard Platinum offers up to 8% cash back on selected spending categories and a 0% FX mark-up in five countries, with no annual fee.
Eligibility
Minimum Monthly Income
RM 2,000 (RM 24,000 annually)
Min. Age
Cardholder: 21 years old
Supplementary Cardholder: 18 years old
Resident Status
Anybody
Documents required to apply:
You will need to provide several documents such as (varies between different banks):
Salaried Employees (Malaysian)
- Photocopy of MyKad (both sides)
- Latest BE Form with official tax receipt
- Latest 3 months salary slip
- Latest 6 months' savings account activity/current account statement
Self-Employed (Malaysian)
- Copies of Business Registration
- Latest 6 months' Bank Statements
Fees & Charges
Interest Rate
15% - 18%
Annual Fee
RM 0
Free*
Late Payment Fee
RM 25 or 5% of the outstanding amount, whichever is higher
Interest Rate
15%
Features
Cashback up to 8%
The Maybank Cash Back Mastercard Platinum offers up to 8% cash back on dining, including online delivery, digital lifestyle spending such as ride-hailing and online groceries, and online entertainment, including video and music streaming, games, the Apple App Store, and Google Play, capped at RM18 per category. Cardholders need to spend at least RM1,500 in retail purchases that month to receive the 8% rate. Spending below RM1,500 reduces the cashback rate to 0.2%. All other purchases earn a flat 0.2%, with no cap.
0% FX mark-up in 5 countries
The 0% FX mark-up on overseas spending removes the extra fee Maybank normally charges for tap-and-swipe payments in Singapore, Thailand, Japan, South Korea, and Indonesia.
Enjoy interest rates as low as 0% for up to 36 months on big-ticket purchases, just convert them into easy monthly instalments instead of paying it all upfront. For other purchases, Maybank EzyPay Plus offers low-rate instalments of up to 24 months.
Transfer your existing debts to your new Maybank credit card and enjoy lower interest rates with a longer repayment period.
Terms and Conditions
Product review by CompareHero
What Is The Maybank Cash Back Mastercard Platinum?
The Maybank Cash Back Mastercard Platinum offers up to 8% cashback on everyday spending, like dining, ride-hailing, and streaming. It has no annual fee.
How Much Cashback Can Cardholders Earn With Maybank Cash Back Mastercard Platinum?
The 8% cashback rate covers three categories:
- Dining, including online delivery
- Digital lifestyle spending, like ride-hailing and online groceries
- Online entertainment, like streaming, gaming, and app store purchases
To get the 8% rate, cardholders need to spend at least RM1,500 in retail purchases that month. Below that amount, the rate drops to 0.2%. Each category has a monthly cap of RM18 cashback. The most a cardholder can earn from all three combined is RM54 a month, or RM648 a year. Every other purchase earns a flat 0.2%, with no cap.
How Does The 0% FX Mark-Up Work?
This card removes Maybank's own currency conversion fee for tap-and-swipe payments in Singapore, Thailand, Japan, South Korea, or Indonesia.
However, Mastercard still charges its own 1.25% fee on top, and it only works for in-person payments, not online purchases in foreign currency.
What Other Fees Should Cardholders Know About?
A few other charges can apply, depending on how the card is used:
- Cash withdrawal: 2.52% of the amount, or RM11.65, whichever is more
- Annual service tax: RM25 per card (a government fee, not a bank charge)
- Card replacement: RM50
- Dishonoured cheque: RM100
- Sales receipt copy: RM15
- Old statement request: RM5 to RM10 a month, depending on how far back
Who Can Apply For This Card?
Applicants need to earn at least RM24,000 a year. A principal cardholder must be between 21 and 65 years old. A supplementary cardholder must be between 18 and 65 years old.
Expatriates working in Malaysia can also apply, as long as they provide proof of their employment contract.
What Documents Are Needed To Apply?
The documents you need depend partly on how you're employed, but every application starts with these:
- Copy of your NRIC (both sides) or passport, and the same for any supplementary cardholder
- Latest BE form with official tax receipt
- Last 3 months' payslips
- Last 6 months' bank statement
If you're self-employed:
- Business Registration
- 6 months of bank statements
If you're an expatriate:
- Letter from employer confirming duration of employment contract in Malaysia