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Credit Cards Maybankard 2 Gold & Platinum Cards V20, 5% M2 Amex on weekend spending (NOT ALL)

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ClarenceT
post May 7 2019, 11:20 AM

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QUOTE(ben_ang @ May 7 2019, 11:10 AM)
my situation dun hav many place to utilize Amex, so even in 5% getting the full RM50/month is
quite hard already, use mostly fuel,unifi & occasion groceries shopping only. blush.gif
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Suggest you visit Finance - Ewallet - Boost Thread to discover something different. devil.gif
ClarenceT
post May 7 2019, 03:21 PM

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QUOTE(annoymous1234 @ May 7 2019, 03:18 PM)
the saying "all good things must come to an end" is true  sad.gif
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More to come... Before 1/1/2021.
ClarenceT
post May 7 2019, 03:33 PM

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QUOTE(alexwsk @ May 7 2019, 03:20 PM)
still ok, just miss 5k TP for weekend spending, hopefully next revision will come in another few years
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QUOTE(Sumofwhich @ May 7 2019, 03:21 PM)
it's okay. More ppl cancelling soon and hope they will reinstate the benefits. Use Amex on Boost for now during weekends?
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QUOTE(digidigi @ May 7 2019, 03:22 PM)
next time in order to offer benefit they need to charge high annual fees
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31 December 2020 is the due date set by Bank Negara (Payment Card Reform Framework), most of the card benefits will be revised by then unless more people fall into credit card trap to pay interest.
ClarenceT
post May 7 2019, 03:48 PM

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QUOTE(JuneResources @ May 7 2019, 03:42 PM)
Not all the place can use AMEX.. Normally physically outlet can use.. (But of course not ALL).
Even through online also issued not lot of merchant accept AMEX.

If AMEX can accept Bigpay or Boost, then still have a way to do it..
But just the process to payment need "middle man" (Oooppss.. sorry, is called "Middle card"...) whistling.gif
Not understand your statment say 31 Dec 2020 is due date.. You mean end of 2020 must change everything all benefits which set by bank negara?
Or you mean after 2020 no more credit card.. Everything is using "Prepaid or debit" card? rclxub.gif
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In accordance with Bank Negara Malaysia’s (BNM) Payment Card Reform Framework dated 23 December 2014, with effect from 1 January 2021, the CC interchange rate will be reduced to 0.48% (max) only, which was 2-3% in the past (when Treatpoints worth 0.6%) , 1.1% (TP devalued to 0.25-0.3%) in 2015.

http://www.bnm.gov.my/guidelines/50_others...m_Framework.pdf

This post has been edited by ClarenceT: May 7 2019, 03:51 PM
ClarenceT
post May 7 2019, 05:52 PM

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QUOTE(avinlim @ May 7 2019, 05:49 PM)
Yes, affected me 99 bye.gif  bye.gif
I have been using Amex for all these government thgs and utilities since 1st day I got their cards.

No need to think, during weekend, just spend on all categories... now need to check back before swiping my card.  doh.gif  doh.gif
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Get HLB Wise card loh RM1000 on Govt and RM1000 on utilities every month to get RM100 CB.
ClarenceT
post May 7 2019, 06:14 PM

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QUOTE(#Victor @ May 7 2019, 06:11 PM)
HLB wise annual fees not possible to waive right?
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Not possible.
ClarenceT
post May 8 2019, 09:37 AM

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QUOTE(facktura @ May 7 2019, 09:44 PM)
staying in condo only. well at leaat can tahan 6-8 months okay peace of mind haha. after this kenot TNB anymore haha
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6-8 months later, you may pay your TNB bills at Boost or TnG already.

We can now pay electricity bills issued by SESB (Sabah) or Sesco (Sarawak) at Boost and TnG.
ClarenceT
post May 8 2019, 02:06 PM

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QUOTE(ckweng @ May 8 2019, 01:39 PM)
People never learn to trust LYN and prefer to alert bank CS by asking about cashback "loopholes"  mad.gif  Don't complain when you no longer can reap the benefits if TnC is amended again in the future!
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All the Bigpay transactions and all the Boost transactions (regardless of using any credit cards including from other banks), and all the Amex transactions in Malaysia are exclusively managed by Maybank. So how to hide? We can't manipulate!

Of course Maybank will further reduce the benefits in coming months or next year, due to the payment framework by Bank Negara. Not because of increasing activities at Bigpay and Boost, or people asking "silly" questions.
ClarenceT
post May 8 2019, 02:21 PM

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QUOTE(inquiries @ May 8 2019, 02:13 PM)
Thanks, but you actually check it through https://forum.lowyat.net/topic/3711577, where Boost (MCC 5968) is definitely not under Utilities.

By the way, in case if anyone else are curious about GrabPay (MCC 6540), no, it is not under Utilities either.
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MCC 5968 for Visa if I am not wrong.
Different MCC if using Amex.
You can find Boost under different categories at M2U's pie-chart.
ClarenceT
post May 8 2019, 03:08 PM

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QUOTE(mytaffeta @ May 8 2019, 02:57 PM)
finally got my plat m2c.. if i plan to use only amex, can i just activate amex and not the visa? will SST apply on my visa?
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Yes SST on every CC, for M2 2xRM25.
ClarenceT
post May 8 2019, 03:19 PM

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QUOTE(mytaffeta @ May 8 2019, 03:16 PM)
can i just not activate visa to avoid sst charge?
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You choose a bundled product M2. You still need to pay SST for inactive Visa/MC.

You can choose stand-alone Amex, only 1xSST.
ClarenceT
post May 8 2019, 03:37 PM

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QUOTE(TrinitySoul0903 @ May 8 2019, 03:34 PM)
Mine one is upgraded M2C plat on march'19. i just activated amex only but still charge my visa on may'19 even i yet activate. my anniversary year on coming November will charge SST again..u are not allow to cancel either one card if approval after 1st Sept'18
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I don't think Maybank will charge you SST in Nov 2019. Your next SST will be in Nov 2020.
Same fiscal year (January - December)
ClarenceT
post May 9 2019, 07:31 AM

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QUOTE(KuzumiTaiga @ May 9 2019, 07:09 AM)
thanks!

they just rejected my permanent CL increase application despite new income tax info :x probably coz i'm still too new

afaik temp increase is only for hospitals/actual emergencies no?
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Don't fall into credit card trap.
ClarenceT
post May 9 2019, 08:40 AM

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QUOTE(WaCKy-Angel @ May 9 2019, 08:26 AM)
New card anniversary should follow the approved/issued month why would it anniversary on Nov?
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New additional cards follow expiry month+year of existing cards as they are sharing 1 credit limit. Easier for the bank to review the credit facility every year.
ClarenceT
post May 9 2019, 12:51 PM

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QUOTE(WaCKy-Angel @ May 9 2019, 12:42 PM)
Amex no more CB for weekend? i thought i saw NO TP ?
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No CB on Govt and Utilities transactions only.
ClarenceT
post May 9 2019, 12:59 PM

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QUOTE(WaCKy-Angel @ May 9 2019, 12:56 PM)
Thats why im confused why he says Amex no CB on weekend because for Govt and Utilities is already no CB regardless weekend or weekdays
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No. All the while we could get weekend CB from Govt+Utilities, but No TP for govt and 1TP for utilities.
ClarenceT
post May 9 2019, 08:12 PM

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QUOTE(saitong09 @ May 9 2019, 08:08 PM)
Now have to simpan the TP for subsequence year SST redemption
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Top up Boost RM2000.
ClarenceT
post May 9 2019, 08:22 PM

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QUOTE(saitong09 @ May 9 2019, 08:17 PM)
Already top up Boost 1k with Amex last weekend, last time always using point to redeem voucher. Now have to save it for SST  laugh.gif
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I used Amex to top up Boost RM5000 last month. 1% (5xTP) return is good. No need to use Bigpay to top up Boost now.
ClarenceT
post May 9 2019, 08:31 PM

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QUOTE(saitong09 @ May 9 2019, 08:26 PM)
Good idea, after top up 5k withdraw 4.5k. Still earn about rm44 after minus the rm6 service charge  rclxms.gif
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On top of RM50 weekend rebate.
ClarenceT
post May 10 2019, 07:35 AM

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QUOTE(asiatrader98 @ May 10 2019, 07:31 AM)
thank you

If my cards were approved before 1st Sept 2018 then i can choose to cancel Visa/MasterCard and keep Amex only but the amex still entitle the 5 x TP points and 5% CB weekend now? flex.gif
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5XTP OR 5% CB effective 1/6/19. No longer "AND".

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