Maybank Islamic MasterCard Ikhwan Credit Card is one of the best groceries and petrol cash back credit card. It give 5% of cash back on all groceries and all petrol station spending.
Unlike its Maybank Islamic PETRONAS Ikhwan Visa Credit Card which limit the petrol speding to Petronas only, even though it gives 8% cash rebate. This Maybank Islamic MasterCard Ikhwan Credit Card condition is very easy to achieve for 5% cash back.
|Every Ringgit Spent
|Friday & Saturday
|Sunday to Thursday
*Friday & Saturday groceries and petrol no TreatPoint, birthday month 2X TreatPoints
Compare to Maybank Islamic PETRONAS Ikhwan Visa Credit Card, the best point is you are not limited to Petronas station, but you can pump the petrol brand you prefer during Friday and Saturday, and you can get 5% cash back. Not only petrol, all groceries spending during Friday and Saturday earn you 5% cash back as well. You can earn cash back on both Groceries and Petrol capped on RM 50 (RM 1,000 spent).
In addition, it doesn’t not have monthly allocated quota and you do not need to pay annual fee when sign up for Maybank Islamic MasterCard Ikhwan Credit Card or during annual renewal.
Minimum income for applying:
Gold – RM 30,000
Platinum – RM 60,000
You can download application form here or go to official website.
#The Cash Back will be rewarded to all merchants categorized as Petrol and Groceries by Maybank. Maybank has the absolute discretion to determine the category of the merchant.
Since the Central Bank of Malaysia Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 3.00%, BR and BLR of banks in Malaysia should be remained unchanged.
Continue reading BR & BLR – Update on November 2016
At the Monetary Policy Committee (MPC) meeting on 23rd November 2016, Bank Negara Malaysia has decided to maintain the Overnight Policy Rate (OPR) at 3.00%.
below is the press release from BNM
The global economy continued to grow at a moderate pace. Economic activity in major advanced economies has improved but remains moderate. In Asia, growth has been supported by domestic demand amid persistent weakness in the external sector. Looking ahead, the baseline estimate is for global growth to improve slightly in 2017. The prospect of a shift towards progressive use of fiscal policy in the developed economies could lead to a more balanced policy environment that would support growth going forward. Nevertheless there is uncertainty arising from risks of protectionism and financial market volatility. Heightened financial market volatility in recent weeks has had an adverse effect on various asset classes, exchange rates and yields across many emerging economies. Global financial market conditions are likely to be susceptible to policy and market developments.
The domestic economy continued to expand in the third quarter of the year, driven mainly by private sector activity with some support from net exports. Going forward, private sector activity will remain the key driver of growth. Private consumption is expected to be sustained by continued wage and employment growth, with additional support from Government measures to increase disposable income. Investment activity, although moderating, will be supported by on-going infrastructure investments and capital expenditure in the manufacturing and services sectors. On the external front, exports are expected to expand but will be constrained by soft demand from Malaysia’s key trading partners. Overall, the domestic economy remains on track to expand as projected in 2016 and 2017. Continue reading Bank Negara Malaysia decided to maintain the OPR at 3%