QUOTE(kinabalu @ Feb 6 2015, 02:27 PM)
Maybank Cards with TREATS Points and Membership Rewards PointsKindly be informed that effective 1 March 2015, Maybank shall revise its point's redemption and awarding features;
•The NEW redemption conversion rate*:
TREATS Points and Membership Rewards is 400 = RM1
6,000 TREATS AirMiles = 1,000 Enrich Miles for Maybank World MasterCard
10,000 TREATS Points = 1,000 Enrich Miles for all other Maybank Cards**
•TREATS Points shall no longer be awarded for all spend made with Maybank Debit Cards
Should you have any further enquiries regarding this matter, please contact our Maybank Group Customer Care at 1 300 88 6688.
Note:
*The conversion rate may differ from standard conversion rate for selected On-The-Spot redemption partner.
** The new conversion rate is not applicable to Maybank 2 Cards Reserve American Express and all Visa Infinite Cards.
EDIT :
so our Treatpoint cashback equivalent just drop from 2% to 1.25% after 1st March 2015 No lah, if you go redeem with Maybankard 2 Cards AMEX TP, still only need 12,500TP to get RM50 voucher.
That 400TP or MR refers to cash back credited in to account directly.
For example, I have 10,000 Membership Rewards Points in my AMEX Gold Charge Card now. I can call AMEX and redeem RM50 to be credited into my AMEX Charge Card Account.
Come 1st March, with 10,000MR, I will only get RM25 credited into my account..
And my AMEX Gold Charge Card earns me unlimited 2X MR points for any transactions (and up to 5XMR for selected transaction). So now I getting 1% Cash Back with my AMEX Gold Charge Card. Come 1st March, I will only get 0.5% CB.
As for TP. if not mistaken only MBB VS allows Cash Back directly into account at 250TP = RM1. So question is, VS also affected?
This post has been edited by Gen-X: Feb 6 2015, 02:37 PM