Yes MBB is subsidizing the GST for the Amex. In product info it is marked as waived.

No need to care about that. They are willing to offer that to consumer so just enjoy it.

mbb got money ... look at their 15% cash rebate and the allocation for each month. no other bank can compete with them for that promotion.

you are right on.

Don't know if you guys remember, when the GST was first announced a high ranking officer at MBB said they not waiving it and something like they want "quality" customers. Guess they learned their lesson when many good customer cancel their cards as Malaysians in general always look out for things that is value for money (in other words kedekut). They have started to waive the GST and now 2 cards for price on 1. I guess the 1 statement is a loop hole to go about this ruling.

This post has been edited by Gen-X: Jan 18 2011, 05:14 PM

well, mbb only allocate 1million each month for 15% cashback. so if u wanna grab the cashback, better spend on the beginning of month.

All thanks to Najib's 1Malaysia campaign. Even Maybank is introducing 1Statement now for this new bundled product

Anyway, the main reason why Maybank is willing to give 5xTP for each RM1 charged to this new Maybankard AMEX 2 is probably because the RM50 credit card tax ruling has hit their AMEX business hard. The low acceptance rate for AMEX in Malaysia doesn't help either. Maybank took over the AMEX business in Malaysia at a very high cost and i am sure the loyalty fee plus commission Maybank has to pay to American Express Co are enormous. My RM0.02.

Maybank News
500k members? big claim

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Added on January 18, 2011, 6:56 pmtrue oso, now planning when to switch

This post has been edited by alexwsk: Jan 18 2011, 06:56 PM

which mbb card gives 15% cash back?

It's actually AMEX.

Good news.
Called to 1800883231, I was told that new cards issued follows the old cards expiry date for existing customers. So that I can apply now and cancel my petronas gold before the expiry date. That means no GST once the card approved and only pay on the card expiry date.

hmmm different news from what other people are saying?

Looks like it the Maybankard 2 AMEX Platinum card doesn't have the word Platinum printed on it.

Wanted to cancel my CIMB DA Platinum but unable to do so since one of my BT is not completed. Have to clear the BT first before can cancel the card. I thought the accounts are separated.

Which AMEX, charge or credit card ? gold or platinum? Pantai Amex? Maybankard 2 gold amex?
Can't find them on MBB website?

This post has been edited by MGM: Jan 18 2011, 09:23 PM

If you're referring to the time-limited 15% cash back from AMEX, here's the site you can get the details:

http://www.americanexpress.com.my/amx_info...-OffersServices

Hey guys,

Since some of your are credit/charge card collectors. Can someone tell me what is the use of :

1. AMEX Credit Card
2. AMEX Charge Cards

Since both have very low acceptance... Any difference in terms of acceptance betweent he credit/charge variant?

Regarding the new Maybank 2 cards, I wonder Gold & Platinum got any difference in the points given & cashback rate?

no difference in points and cb

yeah. how to access plaza premium lounge then? or this card cannot access eh?

no diff of acceptance. as long as got amex logo.

the diff is, charge card must pay full balance while credit card can pay minimum balance (actually all credit card should pay full balance too like charge card).
another diff is charge card have no pre-set spending limit, while credit card got credit limit.

nops. just plat get plat benefits such as complimentary golf at selected golf courses and travel insurance coverage.

btw, mbb webmaster doing copy paste work.
at plat page at top shows "Minimum annual income:RM60,000" but at bottom shows "Malaysians and expatriates with a minimum annual income of RM30,000" (must be copied from gold page. haha)

This post has been edited by erry-: Jan 18 2011, 11:10 PM

Thanks for the links. It says AMEX card enjoys the 15% cash back until 28-feb-2011, so all AMEX cards(credit, charge, platinum, gold, pantai, maybankard 2) enjoy such benefits?