Thanks. Was reading Maybank amex thread and realised this new TnC for FCB. Looks like can cancel already this card now since cant even get the 10% Aug CB already.

I guess will pay Unifi and Maxis using Amex on M2U during weekend to get 5% cashback

Other banks are making the similar decisions as well, as proposed by Bank Negara.

--- BNM's FAQ ---

Would the Framework cause consumers to be worse-off as banks are likely to cut back on loyalty points, cash rebates and other cardholder rewards?

Cardholder rewards such as loyalty points and cash rebates are funded by merchants through the payment of MDR.  Merchants are likely to recover such cost through higher prices of goods and services. As such, consumers who do not use payment cards may end up subsidising the cardholder rewards enjoyed mostly by premium cardholders. 

With the implementation of the Framework, there is likely to be a dampening in the cardholder rewards. Nevertheless, consumers are not worse-off.  With more affordable payment card acceptance cost, merchants will be less pressured to pass on such cost to consumers through higher prices of goods and services. In addition, more merchants would be able to afford the acceptance of payment cards, in particular the debit card. This would provide consumers with the convenience of using their payment cards widely at more merchant outlets, thus lessening the need to carry cash.

any1 still keeping the card?

omg Barcelona card! i also recieve so little cashback
only 12 sens

Spent about 1k, received RM0.07....
What can RM0.07 do nowadays....