Another credit card Announcement by GenX @ http://www.GenXGenYGenZ.com

UPDATE – after I published this article, an iFriend messaged me at Facebook to inform that the AEON Watami is no longer being issued to new customers!!! WTF!!!

A few of my iFriends messaged me yesterday and today to highlight that Maybank will be downgrading their credit cards’ benefits once again Effective 15th April 2016!!!

Maybank Premier Credit Cards –

From the above table, effective 15 April 2016, we will get ZERO Treat Points relating to government transactions, e.g. Quit Rent and Assessment. PTPTN repayments may also be affected since we have to pay online via a government related website (click here to read my PTPTN article).

But what will affect me most is that I will only be earning 1 Treat Point for every  Ringgit spent with my Maybank 2 Cards Premier for transactions relating to Education and Insurance. WTF! Looks like I have to switch to other cards to pay my children’s tuition fees.

Maybank Platinum and Gold Credit Cards –

For Maybank Platinum and Gold Credit Cards, as you can observe, it is worst off but generally the Maybank American Express credit cards will still earn 1X TP for transactions relating to Education (but not many school accept AMEX), Utilities, Petrol and Insurance.

CONCLUSION

Education Related Transactions

Like I mentioned above, what will hit me most is the Education Category where I will only earn 1X TP for every Ringgit Spent. What this means is I will only earn 1 Enrich Mile with every RM4.770 spent on my children’s tuition fee in Australia.

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