Another Credit Card Review by GenX @ http://www.GenXGenYGenZ.com
Last week someone who holds the Maybank 2 Gold Cards messaged me at Facebook to ask for my opinion on Maybank’s Singapore Airline KrisFlyer AMEX. He pointed out to me that with the “Bonus Miles”, we can get an equivalent of 1 KrisFlyer Mile for every Ringgit Spent! This is really as good as the fabulous Maybank 2 Card Premier where we can earn 1 KrisFlyer Mile with every RM0.954 spent. Considering the fact that Malaysia Airlines nowadays has terminated so many of their routes, we now have to look at other airlines for our desired destinations. So I thought I should also share with you guys this good news and do a mini review of the Maybank KrisFlyer AMEX Gold Credit Card.
Singapore Airlines KrisFlyer American Express® Gold Credit Card Mini Review
Annual Fee: 1st year fee-waiver. subsequent years RM250 (principal) / RM125 (supplementary). However, Maybank will waive the annual fee if you request for it on condition you spend x amount. So call Maybank Customer Service and ask before applying for the card.
Minimum annual income: RM48,000
- Earn 2 KrisFlyer miles for every RM2 spent when you purchase tickets online at http://www.singaporeair.com. Valid for flights originating from Malaysia only. Effective 1 May 2010.
- Use your Card for all your purchases and earn 1 KrisFlyer mile on every RM2 spent
- Bonus 3,000 KrisFlyer miles when you use your Card for the 1st time
- Present your Card for complimentary access to the Plaza Premium Lounge at KLIA, KLIA2, Senai Johor Airport, Langkawi International Airport, Penang International Airport, Kuching International Airport and Kota Kinabalu International Airport.
Kindly be informed that effective 8th March 2016, access to the Plaza Premium Lounge is now up to a maximum of 5 times per calendar year.
- Complimentary Insurance Coverage**. Charge your travel fares to the Card to enjoy complimentary Travel Personal Accident coverage of up to RM750,000 for Singapore Airlines KrisFlyer American Express Gold Credit Cardmembers, as well as Travel Inconvenience coverage for missed connections, luggage delay and luggage loss.
Now, earning 1 KrisFlyer mile on every RM2 spent is not much different from the FREE FOR LIFE Maybank 2 Cards Gold AMEX where you also earn 5X Treats Points for every RM1 spent locally or overseas where 10600 TP = 1,000 KrisFLyer Miles. BUT there is one big different between these 2 cards, the Maybank 2 Cards Gold AMEX only earns you 2X TP for Insurance, Education and Government Related Transactions whereas you will earn 1 KrisFlyer Mile for every RM2 spent on these said transactions!!!
Now, come the best part IF you can spend between RM60K to RM200K with the Singapore Airlines KrisFlyer AMEX – you can double up your miles with minimum spending of RM60,000 within twelve (12) months Card anniversary year effective from 1 January 2015 onwards.
From the above table, like I mentioned, for spending between RM60K to RM200K with the KrisFlyer AMEX, it means you will earn 1 KrisFlyer Miles for every RM1 spent locally or overseas from any type of transactions!!!
CONCLUSION – This is a mini review, hahaha
If you do spend RM60K a year and you want earn KrisFlyer Miles, this card is very good. But for big spenders, you got to remember that there is a cap of 100K Bonus KrisFlyer Miles, i.e. up to RM200K spending.
Now, actually the Maybank 2 Cards Premier AMEX Reserve and Visa Infinite Combo 5X TP is a better option compared to the KrisFLyer Miles AMEX because you will earn 1 KrisFlyer Miles with every RM0.954 spent starting from RM1 til infinity, i.e. you can earn UNLIMITED KrisFlyer Miles.
Having said the above, the Maybank KrisFlyer Miles is more than 100% better compared to the Maybank 2 Cards Premier when it comes to transactions related to Insurance (e.g. Etiqa and AIA HQ accept AMEX), Government Related Transactions (e.g. your Local Council Assessment – Cukai Pintu) and Education.
Come to think of it, this AMEX KrisFlyer is much better than the CIMB Enrich Elite World MasterCard (click here to read my review) where you need to pay the annual fee of RM1288 unless you spend RM1,000,000 with it; and worst of all, the maximum Enrich Miles you can earn per year with the CIMB Enrich Elite is 150K! The CIMB Enrich (not the Elite) World Master Card is even worse off as the cap on the Enrich Miles you can earn is much less.
Now, if you are new to KrisFlyer Miles, I suggest you first go do some homework and you can start by clicking here and read my Comprehensive Review of The Best Credit Card to Redeem Frequent Flyer Miles. In this said article and thanks to my iFriends, we will show you that it is very hard to redeem for a return ticket Singapore to and from London for the Saver Category (136,000 KrisFlyer Miles after 15% discount)!!! The next Category is called Standard where there were seats available for redemption with 204,000 KrisFlyer Miles (with 15% discount) but that means you need 50% more KrisFlyer Miles and close to 100% more versus Enrich Miles (127,500)!!!
And until 30th April 2016, Maybank is having a contest where you may win additional KrisFlyer Miles with the Singapore Airlines KrisFlyer AMEX but you got to register for the contest via SMS. Visit Maybank2U for more info.
A Credit Card Tutorial by GenX