Maybank in partnership with Grab has officially launched the new Maybank Grab Mastercard Platinum credit card that promises to offer more rewards for Grab services. As mentioned earlier, this isn’t an eWallet-linked GrabPay Card that was launched in Singapore and the Philippines. It’s a co-branded credit card which is somewhat similar to Shopee.
The Grab Credit Card offers up to 5x points for every card transaction. Here’s how much GrabRewards Points you can earn with every spend:
- 5x – Every RM1 spent with Grab (GrabRide, GrabFood, GrabDelivery, GrabMart, GrabPay)
- 2x – Every RM1 spent on purchases for overseas, cross-border and e-commerce.
- 1x Every RM3 spent in Malaysia (excluding Grab and e-commerce transactions).
When you sign up, Maybank offers 1,000 welcome points for the principal card holder. There’s also a lifetime fee waiver and free upgrade to Grab Platinum status for 6 months.
If you accumulate a spend of RM300 within 45 days after the card is approved, you will also get 5x RM5 GrabRide vouchers and 5x RM5 GrabFood vouchers. In addition, cardholders can enjoy additional deals and discounts from Alpro One Click online platform, Harvey Norman online store, Hermo, Klook, SoCar and Zalora.
Black or White card options
The Maybank Grab Credit Card comes in either Black or White colour options. The front of the card is clean without any card details and it also supports contactless payments. However, the card number, name, expiry and CVV are all printed at the back.
According to Maybank, this is the first dual-faced credit card in Malaysia.
The Platinum card is open to Malaysians with a minimum annual income of RM36,000. The principal cardholder must be aged between 21 to 65 years old while the supplementary cardholders can be aged between 18 to 65 years old.
Temporary Digital Card
Applications can be done via Maybank2U or through the Grab app. Once approved, Maybank will issue a digital card which you can use on the Grab app while you wait for the physical card the arrive. Details of the digital card (card number and CVV) is accessible via the Maybank2U website and comes with a limit of RM300. The digital card will be deactivated when your actual physical card is activated.
You can learn more here.