Revised Maybank Islamic Ikhwan American Express Platinum Card-i

When I initially checked out the card above, the first thing I noted was that is is FREE For Life!!! No condition whatsoever! This automatically qualifies this card as a Best Credit Card, haha.

Then I noticed the benefits:

Bros & Sis, 8% Cash Back for Online Transactions!!! And you can earn up to RM100 per month for months of Ramadan and Syawal. Well, most of us will know when is Ramadan – Puasa month 🙂

Anyway, you can easily check when are the months of Ramadan and Syawal from google.

For example in 2024, from Google, it stated the month of Ramadan this year starts on March 11, see image below:

So the RM100 cash back cap for month of Ramadan should only be applicable for transactions starting from 11 March? I don’t know! You call Maybank Customer Service to confirm when exactly does the RM100 capped for cash back starts. Unlike the Maybank 2 Cards AMEX, the cash back cap of RM50 is based on calendar month, i.e. it resets on 1st of every month regardless of your Statement Date.

Anyway, the above cash back cap of RM100 and RM50 sounds like the old feature of the Maybank FC Barcelona Visa Signature right? Haha. If you are a long term die hard follower, you will know that the Maybank FC Barcelona today is kind of useless…. so you better go get the Maybank Islamic Ikhwan American Express Platinum Card-i asap and enjoy the cash back while it last.

TnC for Maybank Islamic Ikhwan American Express Platinum Card-i

As usual, for my review I had to go read the TnC or Product Disclosure Sheet.

Below images are taken from the Product Disclosure Sheet:

In respect to the above image, you can’t use the Maybank Islamic Ikhwan American Express Platinum Card-i for liquor……… well, what about Shopee which sells Liquor and Beer? Answer – it is based on MCC Code and Shopee MCC Code I am sure is not 5921.

Also note from above, Funerals also cannot use. Some other credit cards also has this exclusion. So before you use your credit card to pay for a funeral, you better go read the TnC of the card you intend to use!

Treats Points

1X TP for petrol with an AMEX???

For petrol transactions, you better go read my article titled The Top Best Credit Cards in Malaysia 2024 and earn yourself some meaningful returns and the money saved can grow and grow if you follow GenX’s Simple Engineered Hack for Cash Back Fans.

Now as far as Treats Points are concerned, I will just tell you to forget about this feature.

8% Cash Back For Online Transactions

The 8% cash back for online transactions is the one and only reason why I am producing this article for your benefit.

Well, from the above, except for the standard Maybank’s exclusion relating to Ezy Pay, Government,topping up eWallet, Jompay and FPX there are none for Education, Utilties and Insurance!!! Well, as far as cash back is concerned for online payments. I guess I will need to update on these said transactions relating to Education, Utilities and Insurance as my readers give me feedback.

Above is from the Disclosure Sheet, so I thought I better go check the TnC for cash back related to Education, Utilities and Insurance!!!

Guess what? I can’t find any clause in the TnC relating to how cash back is earned or any exclusions which is odd!? So I guess the information provided in the Product Disclosure Sheet is all we can rely on.

Conclusion

This Maybank Islamic Ikhwan American Express Platinum Card-i is good for Online Transactions only AND based on the information in the Disclosure Sheet, this card is also excellent for Education, Utilities and Insurance. Maybe not Education as the amount we can spend with it is limited in view of the cash back capped at RM100/month and RM50/month only.

So for months of Ramadan and Syawal, with cash back cap of RM100 per month and 8% cash back, this card is good for spending online up to RM1.250/month.

For other months, where the cash back is capped at RM50, with 8% cash back, this means we can spend up to RM625.

Like I mentioned in Page 1, if your spouse also applies or his/her own Principal Maybank Islamic Ikhwan American Express Platinum Card-i AND Maybank 2 Cards Platinum/Gold, then you can earn up to combined RM2,600 per year if you also have these said 2 credit cards from Maybank too.

With less than RM2.5K, you can experience Business Class seat with AirAsia Premium Flat Bed!!! Click here to read my article Use Your Air Miles For First Class Because You Can Afford To Experience Business Class Flat Bed

On behalf of the Rakyat, once again I thank Maybank for helping the Rakyat by offering so many types of cash back credit cards for different spending pattern to assist those who are trying to stay afloat in view of the ever increasing cost of living.