Back in January 2019, in my article titled It’s A Miracle – GOD Gave Me Back My Bragging Rights for 2019! I showed you guys that I have been an American Express Member Since 1988 🙂 However in 2017, because Maybank refused to waive the annual fee for my American Express Gold Charge Card which I have been holding for close to 30 years, I had to downgrade to the standard Entry Level American Express Charge Card which is FREE FOR LIFE.
In respect to the above paragraph, Maybank Customer Service assured me that my Entry Level FREE FOR LIFE AMEX card will still have Member Since 88. However, I was shocked when I received the Entry Level AMEX, it stated Member Since 11 (the year I signed up for Maybank 2 Cards Platinum). I was pissed off but then again I had nothing to complain since it is FREE FOR LIFE, hahaha.
FYI, I have not used the Entry Level AMEX even once since I received it back in 2017, hahaha.
Well, I received an email from Maybank recently stating that there is a 10X Bonus Membership Reward Points for the AMEX Platinum Credit Card, AMEX Gold Charge Card and even for my Entry Level AMEX Charge Card!!! I guess Maybank would have sent out a similar or better promo to their Platinum Charge Card (annual fee is more than RM3K) holders else they will be pissed off when they read this, hahaha.
10X Bonus Membership Reward Points!!! Is this good?
Before I even answer the above question, I guess I should first give you a brief review of the American Express Platinum Credit Card, AMEX Gold Charge Card and Entry Level FREE FOR LIFE AMEX. And since I am doing a review of the these said cards, I might as well review The American Express Platinum Charge Card too.
The review will be based on how much we need to spend with each of the above mentioned cards to earn 1 Air Mile.
Now, for those of you who are into Emirate Skyward, the American Express Platinum, Gold and Entry Level Charge Card and The AMEX Platinum Credit Card are fantastic compared to the Maybank 2 Cards Premier AMEX which does not allow us to covert our Treats Points to Emirate Skyward Miles!!!
Below are the Membership Reward Points required to redeem for 1000 Enrich or KrisFlyer ot Asia Miles or Emirate Skyward. I added AirAsia Miles Big Points just for fun as only a fool will redeem them, hahaha.
Basically we need 5600 Membership Reward Points to redeem 1000 Air Miles.
The American Express Platinum Card Review
This card is for the elites who are not kedekuts. You get unlimited lounge access and invites to special events.
You will earn 5X Membership Points with every RM1 spent locally or overseas. With conversion rate of 5,600 MR = 1,000 Air Miles, this works out to 1 air mile for every RM1.12 spent.
So, for Enrich, KrisFlyer and Asia Miles, the AMEX Platinum Charge Card is not as good as the Maybank 2 Cards Premier AMEX Reserve where we earn 1 air mile for every RM0.90 spent locally or overseas. If you are new to my blog or have yet to read my articles on credit cards, I strongly recommend that you click here now and read my FREE Credit Card Tutorial 101.
HOWEVER, as I mentioned earlier, if you are into Emirates Skywards, then the American Express cards that earns your Membership Reward Points (NOT Maybank Treats Points) are great. Therefore, this AMEX Platinum Charge Card is probably the best card in Malaysia to earn Emirates Skywards Miles!!!
The American Express Platinum Credit Card Review
This AMEX Platinum Credit Card with annual fee RM800 earns you 5X Membership Reward Points for Groceries, Bookstores, Movie Tickets and TELCO Bills. BUT even with 5X Membership Reward Points, it is still not as good as the Maybank 2 Cards Premier for accumulating Enrich or Kris Flyer ot Asia Miles!!!
If 5X MR is not good, there is nothing good about the 2X MR for general transactions!!!
And if you look at the Maybank email above, it is stated that this card does not earn you anything for government related transactions and only 1X MR for Insurance, Utility Bills and Education which is exactly the same as the Maybank 2 Cards Premier, Platinum and Gold.
The American Express Gold and Entry Level Charge Card Review
Both these said cards only earn you 2X Membership Reward Points for most transactions except for those related to Government (ZERO), Utility (1X), Education (1X) and Insurance (1X).
Now these said cards are once again not as good as the Maybank 2 Cards Premier AMEX Reserve, Maybank 2 Cards AMEX Platinum and Maybank 2 Cards AMEX Gold.
HOWEVER, if you want Emirates Skywards, then this card is good but you will be earning less air miles compared to the Maybank 2 Cards AMEX Reserve, Platinum and Gold which earn you 5X Treats Points.
CONCLUSION – for general transactions, all the above mentioned cards without the Maybank Logo in front of the card, i.e. AMEX Platinum Charge Card (5X MR), AMEX Platinum Credit Card (2X & 5X MR) , AMEX Gold Charge Card (2X MR) and Entry Level FREE FOR LIFE AMEX (2X MR) are all useless if you are into Enrich Miles or KrisFlyer Miles or Asia Miles.
However, if you are into Emirates Skywards, then it is a different story and you should consider getting any of the above mentioned cards. Of course you can use your Enrich Miles to redeem for Emirates tickets too which is going to be a big hassle but most likely you can’t redeem your Enrich Miles for a Emirates First Class ticket.
10X Membership Reward Points until 30th April for Selected Members
Coming back to the 10X Membership Reward Points Promo, firstly you are entitled to this promo only if you received an email or SMS from Maybank.
The promo is capped at RM5K only. What the heck!!! But then again it is 10X MR Points, so let’s see what we can get with RM5K spending up to 30th April 2019.
Spend RM5K and we shall earn 50K Membership Reward Points.
Conversion rate 5,600 MR Points = 1,000 Air Miles
Therefore we will earn 50,000 Membership Reward Points with RM5K spending where we can convert to 8.9K air miles. Technically we can’t redeem 8,900 air miles because we need to redeem by block of 1K air miles.
In reality we have to redeem 9K air miles with 50,400 Membership Reward Points. So with 2X Membership Reward Points, we just need to spend another RM200.
So by us spending RM5.2K we will earn 9,000 Air Miles OR 1 Air Mile for every RM0.577778
Bros & Sis, 1 air miles (Enrich or KrisFlyer or Asia Miles or Emirates Skywards) for every RM0.58 spent LOCALLY is freaking good!!!
So those of you who holds the AMEX Platinum Credit Card, AMEX Gold Charge Card and the Entry Level AMEX Charge Card, go check if you received an SMS or email from Maybank because this is one deal you won’t want to miss.
I now have a reason to start using my Entry Level FREE FOR LIFE AMEX Charge Card, but up to RM5K only because I do have some Evergreen Membership Reward Points left over from the days I held the AMEX Gold Charge Card, hahaha.