I heard soon 5X points no more? somewhere this year will take effect? Is this true or just rumour?

from an Aeon credit card promoter.. he sound so convincing saying by November this year latest next year 5X is gone.

reason is Maybank reached their quota of getting customers contacts already (for loans, promotions, calls etc) so they no longer emphasize on this. (which explains reducing the value of treatpoints by half recently)

yeah Aeon Card dont have quota one they have been doing this for 10+ years d. Reason they do this is to promote more customers to shop at their malls.. not for some quota sake.

Maybank got agenda behind one. Same with other banks. It's true la what he said credit card is a loss-loss for banks. The interests they earn is peanuts compare to the rewards they have to hand out to customers at the end of the day (esp for cards like Maybank 2 Cards with so many goodies earlier on).

So maybe one day when Maybank desperate for customer contacts again they will push some other nice card rewards. Imo no point to cancel also since this year's GST implementation no need to pay 50 for tax a card d.. the tax have been abolished as Gov cannot impose so many taxes on people. They decided to scrap the credit card tax. You wanna have 100 credit cards also no issue as long can waive their annual fee (check properly as some cards need swipe a number of times, above certain spending amount etc).. enjoy the 5X points while u can.. but prepare to have backup plan when the day arrives.

This post has been edited by Davidtcf: Sep 11 2015, 08:44 PM

yeah.. this impact aint as big as revising the point's value. Now points value is 1/2 of what we used to be getting prior to 1st August this year. Need double the amount of points to change for an item/voucher/service.

today went to Harvey Norman buy printer... exchange all my 40k+ points as cash.. only got RM114 deductible... haih so much difference compare to last time before they halved the points.