Nope, I think is due to the Interchange Fee that they can collect...

Star News

i just read the news from Genx facebook page

indeed a sad news. have to apply ikhwan already

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

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

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.

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

if for debit is use by other ppl, will bank return the money instead?
i don think so since it is not their money

i dont like use credit card 
i prefer paypass and paywave..
sadly, not widely acceptable in Malaysia..
hopefully we can see more to come in future..

which part of germany you went to?
you haven't go into those small shop within housing area where don't even speak english..
then u will be surprise, they dont accept credit card at all...

from the look of this, the new info havent propagated fully to other "mirror" sites for m2u. sometimes u see it, sometimes you dont.

why i cannot see the notice of no more 5 percent rebate notice? can someone show the link to me? thanz

agree 

btw, which other card(s) you planning (from Aug) to use to pay your Unifi bills?

Haiz...over 1k trans at agoda.

Actually all my card sorted.

MiWata -insurance fully utilised.
M66 am3x-tnb/telekom/air ticket fully utilised.
m66 vs-petrol n groceries 50% utilised.
0cbc titan-all ofher till 0.1% now sit in cold palace till new mistress come(u0b vox) utilised for online trancsation.
Now looking to reapply wis3 for tnb and chg m66 vs petrol to here after they reject without valid reason..while i juz holding m662 the time.

Now looking for best card for telekom....currently max 2% from cim6 n u0b?

Lol dunwan my post become googleable..

Does your MACH card give you 5x tp?
If not of course use AMEX if got chance

Should bring your parent go out nice restaurant to eat during weekend
Like this can use AMEX

I just checked the maybank website at 9.58AM & the note was removed.

So the 5% cash back is still on?

Lets just think what is plausible to happen next. MBB, which is by far, have a large customer base and a lot of them using MBB CC. If MBB removed the clause thats make their CC appear better from the others, there is a chance that other banks will take the same measure. For now people with annual income around 30k+ should study the possibility to get another card, but do not cancel MBB card yet.

But under their T&C as at 9.58AM, it still says pure weekend cash back. Didn't mentioned about for dining only.