Maybankard 2 - King of Cash Rebate Card

After GST is imposed to credit card, the banks have come up with many attractive packages to keep existing card holders and to get more new customers. In 2011, Maybank had introduced a new card, the Maybankard 2, which a card holder got 2 cards (AMEX + Visa or AMEX + Mastercard) with 1 sign up.

The Features

1. Lifetime annual fee waiver, no hidden terms & conditions.
2. Get 2 cards but GST is charged to 1 card only (save RM50).
3. 5x TreatsPoints for every Ringgit spent on AMEX (including petrol filling).
4. 1x TreatsPoints for every Ringgit spent on Visa/ MasterCard.
5. 5% Weekend cash back (Sat & Sun) when spend on AMEX (max RM50 rebate). 
6. 8.88% finance charge per annum on outstanding retail balance (for spending on Visa/ MasterCard).

Actual Rebate Calculation

Weekday Spending Scenario

Every 10000 Treat Points can be exchanged for RM50 equivalent voucher
or to settle GST, so 10000TP = RM50.

And every RM2000 spent on AMEX we can get RM50,

means that every RM100 spent on AMEX we can get RM2.50 which is 2.5% rebate.

Weekend Spending Scenario

5% weekend cash back + 2.5% TP reward = 7.5% cash rebate!

Minimum Requirement

Malaysians and expatriates with a minimum annual income of RM30,000