upon swiping, the charged amount is still floating. u don't see it, bank can see.

once merchant performed settlement at their end, the charges is officially posted to your account and finalized as complete transaction.

just my simplified understanding.


example, I reloaded TNG at petronas on 1 Jan. this is the transaction date. but I can't see it in m2u.

that petronas took 4 days to perform settlement on 4 Jan. this is the posting date, and where it is finalized into my card account.

if merchant doenst perform settlement for long period, that charge amount will not appear at all in your statement very rare to happen, but it does.

This post has been edited by cybpsych: Jan 3 2017, 09:54 PM

If we want that 8% cashback on weekend..Does posting date matter?Or only transaction date is needed?

transaction date determines the eligibility (if u swiped on weekends or not)

however last weekend Saturday was 31 Dec. if it get posted in January (likely), then it will utilize Jan cashback quota.

I got 2 petrol transactions on 31 Dec. posted on 1 Jan. my December cashback didn't include the 2 petrol swiped on 31 Dec cuz it got posted in Jan already.

This post has been edited by cybpsych: Jan 3 2017, 10:04 PM

For the Maybank Islamic PETRONAS Ikhwan Visa Platinum/Gold Card-i, 8% cashback for petrol during weekends? No minimum amount spent required? Any hidden terms?

Okay thanks for the clarification

8% only for Petronas.
No minimum amount, no hidden terms.

Yeah. Confirm that letter don't have statement date which make sense too. It doesn't make sense to have statement date based on letter- ie: the delay in card delivery, late activation etc.

So any idea how to know my billing cycle period? Or should call customer service?

as written above, wait for 1st statement in m2u.

when did u apply the card? this is the 1st statement you're waiting right?

Either wait or can call CS to check out.

Guys, quick question, to be eligible for the petrol cash back, we are required to swipe it at the individual petrol island right? Not at the counter? Meaning if i buy engine oil and pay at the counter, i wont be getting that 5% rebate?

8% Cash Back
Enjoy 8% Cash Back on weekends (Saturday and Sunday) and 1% Cash Back on weekdays (Monday to Friday) for every PETRONAS spend. (capped at RM 50 per month)

SOS: http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards

mastercard is 5%, right?

Yes.

Ikhwan MasterCard:
5% - Friday & Sat (Petrol & Groceries)

Ikhwan Visa:
8% - Sat & Sun
1% - Mon - Fri

counter yes. although i didnt buy engine oil, i reload touch n go at counter and gotten cashback for ikhwan visa petronas 8%. not tested with ikhwan mastercard 5%.

If I use my ikhwan master card to reload touch n go,will it entitle for 5% rebate under petrol?

That's right.

Really? I remember reading somewhere here that its not eligible so wanted to confirm again. But ok thanks for the confirmation. Thats awesome!!

Yea i didnt state which card. Its the ikwan mastercard. But tempted to apply for petronas and enjoy that 8% though...

no rush la. wait for statement to generate first.

for ikhwan, I don't recall of such restriction.

If I use my ikhwan master card to reload touch n go,will it entitle for 5% rebate under petrol?