QUOTE(kenlui @ May 13 2015, 12:55 PM)
Maybank just launched a new MAS-Amex card, free 8x lounge visit, I assume it's the MAS golden lounge instead of the PPL. Anybody up for it? Targetted towards business users though.
A few observations:
1. Annual fee is RM500 per year
2. Lounge access is after you "renew" your Card membership. Does this mean we don't get it for the 1st year?
3. 1 enrich mile every RM5 is a pretty bad, compared to CIMB or even Maybank's own Premiere Card, both roughly 1 enrich mile per RM1 spent. Granted Premiere is RM800 per year compared to RM500 but it's also more flexible with transfers to AM and KF. With the 100% bonus it is a tiny bit better, but still nasty.
4. depending on the terms & conditions, the 5% off could pay off the RM500 fee if you spend RM10k or more on international airfare each year.
Overall not a card I'd be willing to use for daily spend. I'd take it for a year, get my 10k Enrich Miles and move on to the next card after this.
Might go down to the Maybank branch to find out