That is not what I mean ... I mean, let say I just apply MBB2Cards and just got the card with CL rm10k. I use it all within one week and my cc debt is now RM10k. before the due date, I pay RM1000, so that I have another 1k to spend the next month. Next month, I finish all 1k available and pay RM1000 again before the due date. This process continue forever. LOL. Based on 8.8% pa, my debt is actually free of interest if:

Spend RM1000 on weekend with AMEX to utilize RM50 cash back.
TP to cash voucher.

Correct?

4. You have to make minimum payment of 5% or RM50 (can't remember if MBB reduced this amount to RM25 or whatever). Since 5% of RM100 is RM5 only, Your minimum payment shall be RM50 and this will be reflected in the Statement you received.

genx: thanks bro... paying by using maybank2u itself will also takes few days for the payment to be cleared? or instant? cheers

Wrong. Pure Amex card still available and u can apply it from Maybank and few others i cant remember which.
U have to tell them u wan Amex Charge Card not credit card.

Is acquired the "correct" term to use? Can I say AMEX outsource Malaysia operations to Maybank instead?

Thanks for the links Bro.

From MBB Press Release, what I understand is that there is an agreement between them that allows MBB to issue AMEX cards and merchant acquiring (i.e. to get more business for AMEX).

In MBB Press Releases, two AMEX personnel used the word "partnership" and one said "help us to expand our brand franchise" which means AMEX is the Franchisor and Maybank is the Franchisee. Which means also Amex still gets a cut from Maybank's AMEX card operations.

However, since we don't have a copy of the Agreement, we got no idea if the license is renewable or for a specific period and on what grounds AMEX can take back the license.

The other links provided did use the words "buy" and "acquired", but those are kind like a news report where the reporter may not understand in full what is in the Agreement.

And Bro, thanks for correcting us by mentioning "Centurion Head" whereby I mentioned Trojan Head earlier based on WaCKy's Trojan Horse Logo, hahaha.

Does the 5% rebate given on the date when ezpay is transacted for the following whole lumpsum amount or does it credit based on the recurring monthly debited date?

I thought local MYR is not accepted for PayPal, even it is a MYR quoted transaction.

Extracted from: http://www.americanexpress.com.my/cms_uplo...k/T&C29nov.pdf:

1.10.1 Qualified Transaction includes transactions from departmental stores located at the Participating Shopping Malls for example Isetan, Tangs, Metrojaya, Parkson, Robinson and Jusco Departmental Stores as well as merchants that sign-up before 15 Nov 2012.
Extracted from: https://www.americanexpress.com.my/amx/pers...ampaignIndex.do

1.10.1 Qualified Transaction includes transactions from departmental stores located at the Participating Shopping Malls for example Isetan, Tangs, Metrojaya, Parkson, Robinson, Tesco and Jusco Departmental Stores as well as merchants that sign-up before 15 Nov 2012.

I also called the CS 1800-889559 and email to amex.customercare@maybank.com.my and the reply is that TESCO is not included in this campaign.