Entrance fees may be waived if the cardholder has been a cardholder for 2 years or more.
|Cash advance commission/Fee*||VISA/MasterCard (Both Classic and Gold)||Flat rate of 5.00% of the total amount of cash advance|
|Finance fees||VISA/MasterCard (Both Classic and Gold)||1.13% - 1.46% per month|
|Late fees||VISA/MasterCard (Both Classic and Gold)||1.00% of total balance outstanding as at statement date or a minimum of RM5, whichever is higher (Maximum: RM50)|
|Commission on cash transfers from credit card to current account, saving account, etc through ATM||Flat rate of 5.00% of the total amount of cash advance|
|VISA Gold Card|
* The commission/fees will be imposed by the Credit Card Centre.
Changes to your interest rate, late payment charges and interest-free period
As part of our commitment to encourage the use of cashless payments as well as to reward customers with good financial discipline in managing their credit card bills, several changes to Maybank Credit Cards' Terms & Conditions will be introduced no later than 1 July 2008.
1. Lower interest rate
The quantum of interest rate charged for repayments have been reduced to a minimum of 13.5% to a maximum of 17.5% a year. The interest rate charged will be determined based on the customer's previous 12 month's repayment period from the implementation date as follows:
Repayment months out of total 12 months
Interest rate charged on outstanding payment
|For prompt** repayment all 12 months|
|For prompt repayment 10 out of 12 months|
|For prompt repayment less than 10 out of 12 months|
|* Payment is tracked over 12 consecutive months|
** Defined as having paid at least your minimum payment amount on or before your due date
2. Late payment charges and interest free period
To further encourage prudent financial management, the following revisions will be effective simultaneously:
|Late payment charges|
|If the minimum payment is not made by the payment due date, a late charge will levied at 1% of the total balance outstanding as at your statement date or a minimum of RM5, whichever is higher (up to a maximum of RM50).|
|Interest free period for retail transactions|
|No charge for 20 days from statement date if you have paid the full amount of your previous month retail transactions.|
|If you opted to pay partial or minimum repayment of your previous statement account, the finance charges on your unpaid retail transactions will be calculated from the day the transaction is posted to your card account.|
The above revision is only applicable to customers with outstanding balances in their credit card statement.
Call usGot a question? Call our Customer Care hotline at
1300 88 6688, any time,