Any card you can recommend for utilities?

Any card you can recommend for utilities?

don't rush for that first. if they change their cc benefits one by one, the next might be on ikhwan or vs.

Sorry, any summary?

I actually didn't want Ikhwan already after they rejected me...
Looks like I will still need to apply one now.

I think you can convert from your M2C to Ikhwan no?

https://www.facebook.com/Maybank/posts/9992...d_comment_reply

SPAM THEM!!!

Seems like they have closed down their maybankard FB page. The staff looking after that page was resourceful.

any suggestions besides wise.. sifu genx recommends watami.. 3% + points..

*Maybank reserves the right to revise the Finance Charge as and when it deems necessary, with 21 days prior notice.

lol kena taruk too gao gao, changed again?

Hi all,

Need to seek advise, I just received my maybank card but wanted to understand about the Amex cash rebate.

Since the cash rebate is only on sat and sunday, can I make my monthly (online) payment of TNB bill, unifi bill, insurance (Great Eastern) and maintenance bill on the weekend and get the rebate?

basically merchant pay banks a fee to use their credit card terminal for transaction. (there's also interbank fees where let's say u swipe ocbc card on mbb terminal, there is a fee that ocbc pay maybank or vice versa, something like that)
this is why sometimes we get 2% charge when paying by cc, because merchant pass this fee to consumer.
the collection of this fees in turn was used by the bank as benefits to cardholders (ie cash bank, treatpoints, contest)
these fees get higher as banks offer more benefit, in turn, merchant will charge goods higher price for cc payment.

BNM wants to encourage cashless payment, so they enforced a ceiling price for these fees.
banks get lower collection from these fees, in turn, less benefit for cardholders.

there is a long article for this, but this is my understanding of it. someone correct me if i am wrong please.

yes

Yes. That's correct. But please take note of the recent news that everyone is freaking out about. The 5% is gone after 1st August this year.

As I have mentioned, due to BNM Credit card framework, AMEX interchange fee will drop to 1% from 3% previously from 01 July. That is, the bank income from AMEX card trnx will drop 3 fold. So naturally , it is true that BNM framework did affect us card users .

summary:
bank use interchange fee to fund the rewards(cashback, treatpoint, etc)
BNM lower the cap of interchange fee
bank can't afford to give the rewards anymore

*read the red color text in the spoiler for related info, blue color text for interesting point

ini BNM is nbtd?

opsss.. fast move from maybank


but it didn't said it is apply for amex only
does it mean this 5% for weekend dining, apply for both amex and visa/master?

This post has been edited by zaqre: Jun 26 2015, 03:31 PM

Still thinking if I want to convert because 5xTP is also not too bad though high inflation.
I plan to add and not converting.

Yeah, tried to find just now... Only found Maybank FB page.

Thanks guys, for the really good summary.

BNM really has nothing to do eh.

Lel. Malaysia prices once goes up, will never go down.