48 SMART: Revision on Maybank TreatsPoints
+Smartan Dad

Monday, 5 August 2013

Revision on Maybank TreatsPoints

When I received my Maybankard 2 statement last week, I'm shocked to notice that there was an announcement which Maybank is going to impose a 3-year expiration period on its TreatsPoints effective from 1st August 2013. 

TreatsPoints earned in a particular month are valid until the end of third year of the calendar month. Below table shows the points accumulated and the applicable expiry date:

TreatsPoints Accumulation
TreatsPoints Expiry
Prior to July 2013
Up to 31st July 2013
31st July 2016
1st August to 31st August 2013
31st August 2016
1st January to 31st January 2014
31st January 2017

Besides, there is also revision on the value of TreatsPoints (TP). Previously 10000 TP can exchange for RM 50 Government Service Tax. However, from 1st August onwards, 12500 TP is needed to exchange for the same amount. So there is 0.1% reduction in the cash back, from 0.5% to 0.4%.

Standard Chartered and Maybank have revised their reward points this year. I guess other banks will review their current reward points and make necessary adjustment too. Let's wait and see.


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