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

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LostAndFound
post Sep 30 2018, 08:03 PM

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QUOTE(fruitie @ Sep 30 2018, 07:48 PM)
Yeah, good to know this. Really hope it won't affect AmEx's benefits, will it? I don't think so.
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Unlikely in the near future, but someone has to pay for those benefits, and from the info I have it's Amex which is paying for it, not MBB. That money won't last forever.

More interesting (for me) is who is paying for the Barcelona benefits, but my source refuse to say =)
charlesj
post Sep 30 2018, 08:33 PM

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QUOTE(LostAndFound @ Sep 30 2018, 08:03 PM)
Unlikely in the near future, but someone has to pay for those benefits, and from the info I have it's Amex which is paying for it, not MBB. That money won't last forever.

More interesting (for me) is who is paying for the Barcelona benefits, but my source refuse to say =)
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No way Barcelona or MU pay to Maybank / card user!
Maybank has to pay Barcelona / MU to be their partner!
Or course, the CC might be just a small fraction in their nego with the football giants.

beLIEve
post Sep 30 2018, 08:35 PM

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QUOTE(LostAndFound @ Sep 30 2018, 08:03 PM)
Unlikely in the near future, but someone has to pay for those benefits, and from the info I have it's Amex which is paying for it, not MBB.
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Actually, don't you think it's the merchants paying for it? That's why a lot don't carry Amex.

Some more maybank2me acquired the entire Amex Msia
dannyw
post Sep 30 2018, 08:54 PM

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Is that possible to reactivate the supp card that just cancelled few weeks ago?

Or need to reapply? Any t&c that i have to wait for?

Sorry for this questions, as i didn't aspect this Visa can be cancel alone...
fruitie
post Sep 30 2018, 08:58 PM

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QUOTE(dannyw @ Sep 30 2018, 08:54 PM)
Is that possible to reactivate the supp card that just cancelled few weeks ago?

Or need to reapply? Any t&c that i have to wait for?

Sorry for this questions, as i didn't aspect this Visa can be cancel alone...
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You can try, should be OK. They will resend you a new card if you have destroyed yours.
LostAndFound
post Sep 30 2018, 09:03 PM

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QUOTE(beLIEve @ Sep 30 2018, 08:35 PM)
Actually, don't you think it's the merchants paying for it? That's why a lot don't carry Amex.

Some more maybank2me acquired the entire Amex Msia
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Merchants pay a fixed fee as a percentage of transactions (in addition to cost of machine, depending on your size). This is publicly available information, and AMEX is no longer anymore expensive in terms of that fee since Bank Negara enforced a fixed fee for all credit cards.

That fee cannot cover your 5% at all. Just about covers the 5x points, and that's not including other costs involved (administration etc)
engyr
post Sep 30 2018, 09:41 PM

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QUOTE(dannyw @ Sep 30 2018, 08:54 PM)
Is that possible to reactivate the supp card that just cancelled few weeks ago?

Or need to reapply? Any t&c that i have to wait for?

Sorry for this questions, as i didn't aspect this Visa can be cancel alone...
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Supp card SST=RM25. Same as principal card. Supp card shares same cashback pool.
Why don't you look for other cashback card?
sj0217
post Sep 30 2018, 09:42 PM

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Have make a called to cs but seem like busy, no person attend to my call.

Usually call to Visa Signature or Platinum line is fast, not sure is it because a lot of people calling to cancel the card
gastacopz
post Sep 30 2018, 09:46 PM

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QUOTE(cybpsych @ Sep 30 2018, 09:22 AM)
just called Maybank to transfer my BT (still have 1 last installment) in M2C Visa --> M2C Amex. will be reflected in next statement, which is normal and expected.

will call in again later at night after my eSI kicks-in to pay M2C Visa outstanding, then terminate the M2C Visa straightaway.
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tweet them..and their media social team called me.

told me cannot cancelled the card, except there's zero transaction on the card.
and also cannot transfer BT from visa to amex.

ask me to contact them tomorrow during office hours for confirmation with relevant officer...
cybpsych
post Sep 30 2018, 09:47 PM

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QUOTE(gastacopz @ Sep 30 2018, 09:46 PM)
tweet them..and their media social team called me.

told me cannot cancelled the card, except there's zero transaction on the card.
and also cannot transfer BT from visa to amex.

ask me to contact them tomorrow during office hours for confirmation with relevant officer...
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call direct la
gastacopz
post Sep 30 2018, 09:58 PM

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QUOTE(cybpsych @ Sep 30 2018, 09:47 PM)
call direct la
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yeah...on it now...
their line kinda bz now..
edited

done..asked me if i want to continue use the card, as the charges will start on mar 2019...told her to cancel now..scared later they remove this 1 card cancellation..mati lor...

This post has been edited by gastacopz: Sep 30 2018, 10:11 PM
dannyw
post Sep 30 2018, 10:13 PM

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QUOTE(fruitie @ Sep 30 2018, 08:58 PM)
You can try, should be OK. They will resend you a new card if you have destroyed yours.
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Card still keep well. Let me consider twice before make decision. smile.gif

QUOTE(engyr @ Sep 30 2018, 09:41 PM)
Supp card SST=RM25. Same as principal card. Supp card shares same cashback pool.
Why don't you look for other cashback card?
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Well, my intentions is to keep 1 spare card for my wife, and can pay Management fee. If i can cancel Visa, then i can consider activate back my Barcelona supp card which serve all the purpose i want.

Ya. in term of SST amount, i still paying the same in total. I cancel 1, activate back 1. She is not working at the moment, and we hardly hit the CB quota unless the 10% mths..

Feel bad to do, but not all my mistake. Is the initial policy make me have such decision, just never aspect they will be so kind to change the policy.... let me reconsider smile.gif
annoymous1234
post Oct 1 2018, 12:36 AM

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hallelujah! this forum is the best!! gonna cancel my master tomorrow biggrin.gif
excaliburcombo
post Oct 1 2018, 01:32 AM

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call cs asking to cancel master but the lady told cannot. She also mention m2c cannot cancel 1 card. need to cancel both bangwall.gif
boonhan
post Oct 1 2018, 01:53 AM

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I just redeemed 20k tp for both card sst.

Walaoeh..... probably will proceed cancel the useless one within this year.
beLIEve
post Oct 1 2018, 03:08 AM

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QUOTE(excaliburcombo @ Oct 1 2018, 01:32 AM)
call cs asking to cancel master but the lady told cannot. She also mention m2c cannot cancel 1 card. need to cancel both bangwall.gif
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Why are you banging your head on the wall? You should bang her head on the wall. Call again so that another person can help la.
MilesAndMore
post Oct 1 2018, 03:30 AM

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QUOTE(LostAndFound @ Sep 30 2018, 08:03 PM)
Unlikely in the near future, but someone has to pay for those benefits, and from the info I have it's Amex which is paying for it, not MBB. That money won't last forever.
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Maybank is the master franchisee for American Express in Malaysia and is also now the sole issuer for AMEX in Malaysia, previously Hong Leong Bank offered AMEX too but had discontinued a few years ago. Citibank briefly issued PremierMiles in AMEX and had also discontinued the product and is now issuing VISA Signature instead.

As for who is paying the benefits that come with the card ? The bank is actually and they get the allocation or money from the interests or late payment fees earned from 90% of credit card holders who always owe Maybank money.
beLIEve
post Oct 1 2018, 04:01 AM

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Thanks for the info, /lost+found and miles&more. Good to know these info. 90% is scary. No wonder my neighbor say credit card is good business.

So I guess most of the remaining 10% are people here

This post has been edited by beLIEve: Oct 1 2018, 04:03 AM
LostAndFound
post Oct 1 2018, 04:26 AM

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QUOTE(MilesAndMore @ Oct 1 2018, 03:30 AM)
.

As for who is paying the benefits that come with the card ? The bank is actually and they get the allocation or money from the interests or late payment fees earned from 90% of credit card holders who always owe Maybank money.
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For Maybank2Kard AMEX benefits that isn't true. Money isn't from MBB.
MGM
post Oct 1 2018, 06:18 AM

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QUOTE(beLIEve @ Oct 1 2018, 04:01 AM)
Thanks for the info, /lost+found and miles&more. Good to know these info. 90% is scary. No wonder my neighbor say credit card is good business.

So I guess most of the remaining 10% are people here
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I read it is more like 4:2:4 whereby 40% pay on time, 20% pay minimum and 40% can't pay.

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