Maybank has enhanced its Family & Friends Card by increasing the cash rebate for grocery shopping, taxi/petrol, fast food delivery, Guardian & Watsons etc from 5% to 8%…. provided you meet the spending requirement! Previously, the maximum rebate was 5%, but following changes to the rebate structure to Citibank Dividend’s card (read the update here), Maybank has adopted a similar cash rebate of 8%! Of course, where Citibank Dividend’s bonus rebates were limited to grocery shopping, petrol and dividend, Maybank offers a bit more – including Taxi, pharmacies like Guardian & Watsons, Popular and fast food delivery.
However, do note that there is a minimum monthly spend that you need to hit, which is $1000 before you get 8% rebate for the bonus categories. Anything between $500-$999 will get you 5% (which is not too bad) and anything lower will be a miserable 0.3%.
From the website’s T&C, it appears that the promotion is only till 31/12/16, but it may get extended if it becomes popular. Other nitty-gritty details to note: spend the amount within the calendar month and ensure that it gets posted before that (that means avoid spending on the last few days where the transaction may be posted in the following month). One last thing, there is a cap of $600 for the bonus rebates per year – referring to the 4.7% + 3% that is given when you spend more than $1000 in a month, which is definitely a good thing for consumers who spend on various cards since you can consider resting this card once you’ve maximised its potential.
For further details, please check out Maybank homepage on Family & Friends card here