Wrong, Maybank 2 Card stills gives higher simply due to the 5% set cashback. RHB one is just advertising fluff, do notice that is it based on 20% of the total spending so if you pump RM100 every weekend you are not getting RM40, but rather RM400X20%X5-10% means the maximum you can get is RM8. M2card gives a solid 5% which means 400X5% gets you RM20 cashback for petrol alone.

The reason Amex is stronger in giving cashback compared to others is due to their higher tax charges on merchant, around 5-6% while Visa and Master (used by the other banks) are just 2-3% so unless the Cards team have an advertising budget to cover for paying the transaction earning they lose to cashback, they won't beat Amex.

If you are talking about Petrol alone, Maybank 2 Card gives you the most with its Amex as they have 5% solid cash back + 5xTP, but the cash back is capped at RM50 (RM500 will give you RM25), so if you are spending more than RM1000 a month, you might want to consider pairing it up with a OCBC Titanium as well.

Good discussion bro, but I think both our calculation bit off .. Lets try to recalculate it. RHB's cashback is based on 20% of the monthly total spending, so you have to take that 10% FROM the 20%, if I assume correctly, so if he pumps petrol alone at RM400 it will mean:

RHB
1st week: (RM100 x 20% = RM20) (RM20 x 10%) = RM2
2nd week: (RM100 x 20% = RM20) (RM20 x 5%) = RM1
3rd week: (RM100 x 20% = RM20) (RM20 x 5%) = RM1
4th week: (RM100 x 20% = RM20) (RM20 x 5%) = RM1
Total: RM5

M2C
1st week: RM100 x 5% = RM5
2nd week: RM100 x 5% = RM5
3rd week: RM100 x 5% = RM5
4th week: RM100 x 5% = RM5
Total: RM20

I am not sure if you are aware that you used RM400 as the first week calculation, when RM400 is the total monthly calculation. If my calculations are more 'correct', this cashback even worse if pump petrol alone.

My monthly M2C cash back also cannot max out la bro

Ya ya, it says Cash Back is based on 20% of total monthly retail spend. So in a sense, you only get 20% from your usage and not just the first week. This is because they are also giving cashback for weekdays not just weekend. The * does not apply to the first week, it is to describe the cashback mechanism.

Thats why I said the advertising is misleading, but not lying. You can check out their FAQs to get a better idea: http://www.rhb.com.my/Whats_New/cards/petr...shback/faqs.pdf

Who pumps RM400 of petrol every week?

Yea, so in your calculation, the 20% needs to be based on RM100 la bro, not RM400

No worry, I also think its abit too low, but I thought that is because my calculation is off also


But the T&C was what worries me, because when it shows the "how to get RM50-RM60" scenario, it gives us this:

Monthly Total Spend - Petrol Spend - Capping 20% - Maximum Cash Back - 10% Cash Back
5000 500 1000 60 50
5,000 2,000 1,000 60 60

So, even if u spend RM5K with 500 on petrol you only get RM50, which is really low lo ...