KUALA LUMPUR – Maybank, in partnership with Grab, and Mastercard, today unveiled the Maybank Grab Mastercard Platinum – a card designed to provide Malaysians with even more ways to be rewarded for their mobile-first lifestyle and for using Grab services.
The Maybank Grab Mastercard Platinum is launched amidst a rapid change in the lifestyle of Malaysians with more and more relying on their smartphones and going online to acquire daily services, shop, and perform banking transactions.
According to the Mastercard Impact Studies™ May 2020 edition, Malaysians are increasing their online activities – 75% are surfing online for news and entertainment, 50% for food deliveries, and almost half of those surveyed are shopping online.
Against the backdrop of a growing digital economy, and increasingly savvy, mobile-first consumers, the three organisations have joined hands to collaborate on a credit card which complements Malaysians’ changing lifestyle and reward them for their everyday routine.
Packed with benefits, cardholders will be able to earn more GrabRewards points (GRP) faster and easier, which can be used to redeem any Grab or partner vouchers, offset bills and make payments. Cardholders can earn 5X GRP for every RM1 spent on Grab services such as rides, food deliveries, Grab e-wallet top-up and even online and in-store purchases at GrabPay partner merchants.
In addition, cardholders will get 2X GRP for every RM1 spent overseas and for e-commerce purchases while all other transactions in Malaysia will earn them 1X GRP for every RM3 spent.
Upon approval, cardholders will also receive a welcome gift of 1000 GRP and an automatic Grab membership upgrade to Platinum tier for six months. Another RM50 Grab Vouchers are up for grabs if cardholders spend a minimum of RM300 in total on Grab rides, food delivery or e-wallet top-up within the first 45 days.
The digital card, built into the Maybank2u platform, can be used instantly to link to GrabPay for cardholders to start enjoying the rewards immediately. The fully digitalised process is currently only available to Maybank2u customers.
For non-Maybank2u customers, application can be done via Maybank2u and the physical credit cards will be issued within 10 business days upon approval. Available in two colours, black and white, the specially designed cards sport a sleek, minimalist look. The Maybank Grab Mastercard Platinum is also the first dual-faced credit card in Malaysia.
Malaysians with a minimum annual income of RM36,000 are eligible to apply for the Maybank Grab Mastercard Platinum, which comes with lifetime annual fee waiver. The application can be done via the Maybank2u website, starting today.
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