1.25% is when you redeem the voucher at Maybank on the spot counter.

Unlimited 1.25% cash back in the form of shopping voucher ? That's better than most VISA/MC in the market.

It is 1.3125% for AEON Big gift card, not 1.25%.

I beg to differ. Before Maybank introduced this wonderful card (Maybank 2 Cards) about 4 or 5 years ago, everyone was rushing to apply the Gold American Express credit card (without Maybank logo) as that was the first American Express card in Malaysia that gives 5x Membership Rewards Points and best of all, it is annual fee free. And before that, we were all using American Express charge card and we had to pay a fee to subscribe for turbo Membership Rewards Points (which many of us didn't mind paying).

Yes. The return of this card is not as good as it used to be (with TP inflation and the cut of 5% weekend cash back except for dining) but it is still a lot better than most VISA or MasterCard on the market.

Yes. I am very well aware of the difference between AMEX charge card and AMEX credit card. As a matter of fact, i have used many different versions of AMEX. I started off with an AMEX credit card that comes with a Maybank logo. Then i changed to the green AMEX charge card. After that AMEX introduced the gold AMEX (without Maybank logo). That is the original AMEX card that comes with 5x Membership Rewards Points. Then Maybank came up with Maybank 2 Cards. Almost all AMEX Gold credit card (the original AMEX with 5x MR) jumped ship.

Many years ago there was no such thing as weekend 5% cash back with any AMEX card, be it charge card or credit card (both with and without Maybank logo).

The point i am trying to stress is, AMEX is and will still trump most VISA and MasterCard in term of rewards return on the market.

And as one fellow member has pointed out, one of the main reasons banks have been cutting down on credit card benefit is due to the recent cap introduced on "Merchant Discount Rate" (MDR). It is almost a certain thing that this is not the end of it. Instead we may see more banks make further cut on credit card benefit in the near future. Many banks in fact have increased silently the number of rewards points needed to redeem a shopping voucher (Citibank, HSBC, CIMB Bank just to name a few). So for most VISA and MasterCard out there, the effective cash back is only around 0.20% to 0.40% compared to 1.25%- 1.3125% for MBB2 AMEX.

This post has been edited by MilesAndMore: Aug 5 2015, 11:01 PM

Did you miss the bold text most ? And how many credit cards offer 2-10% cash back ? Just a few. Hence the bold text most. And many of these 2-10% cash back are only for select categories and there is also a cap on the cash back you can earn.

MBB AMEX 2 on the other hand, still gives you unlimited 5x TP at all places accepting AMEX except government bodies, education and insurance payment. Therefore this still makes MBB AMEX 2 the best all rounder credit card!

No. I canceled the charge card before the government started charging RM50/RM25 credit card service tax a few years ago. In fact i stopped using it already as soon as i received my Maybankard 2 Cards. That was definitely a good card. Back then it came with 3-year annual fee waiver and it gave unlimited 2x Membership Rewards Points. At that time one needed only around 16,500 Membership Rewards Points to redeem RM100 (5x RM20) Jaya Jusco vouchers. That was around 1.212% cash back for every Ringgit spent. Almost old regulars here had either the Green or Gold Charge Card (or the Gold AMEX with Maybank logo - very ugly design, withdrawn from sale some time ago). And at least two people here have(had ?) the Centurion Charge Card. Back then turbo membership rewards points, platinum charge card annual fee, who has the Centurion charge card were the main points of discussion when it comes to American Express on this card. And we also didn't have a dedicated credit card sub-forum then.

This post has been edited by MilesAndMore: Aug 6 2015, 01:14 AM

The extra 0.25% is a small difference indeed but there is this Malay proverb that goes like this : "lama-lama jadi bukit". It's a bit like putting your money in FD. You don't really need the money now and you just let it rolls. And i used my OCBC World MasterCard that gave me unlimited 1.20% cash back until a few months ago wherever AMEX is not accepted. Otherwise, AMEX is still my primary card even after the recent TP inflation and benefit cut. I am also using Hong Leong Bank Wise VISA and Mach by Hong Leong VISA now but those cards are strictly for my selected categories only.

This post has been edited by MilesAndMore: Aug 6 2015, 12:49 PM

I did manage to get the annual fee waived for this year. It is strictly case by case basis, as far as i'm concerned.

It used to be giving unlimited 1.20% cash back but was revised to the current T&C a few months ago.