Overview of Maybank Visa Platinum
A card filled with privileges and features to help you to get access to the most exclusive lifestyle and day to day needs. This card lets you make purchases overseas in Philippine Peso to help which helps you save money by means of nil currency conversion charges. The Visa Platinum Card offered by Maybank finds acceptance in over 20 million establishments worldwide.
This card is EMV compliant, which means little exposure to fraudsters, both online and offline. In addition, you don’t have to worry about being a victim of fraud with Maybank Secure Online Shopping (MSOS) that ensures maximum security online and shield against being misuse. Managing your Visa Platinum is a lot more easier as the bank provides easy access to customer service over the phone and across its well knit bank network consisting of over 79 branches.
Features & Benefits
Affordable Fees & Charges For Platinum Benefits
This card comes to you at an Annual Fee of just P3,000 for Primary Card and P1,500 for Supplementary Cards. As an icing on the cake, the interest charges are billed at the rate of just 3 percent per month, helping you save oodles of interest charges when compared to cards offered by other banks.
EzyPay Installment Option
Open to all the credit card holders of Maybank, the cardmember can buy a product at participating merchant outlets and choose to pay in installments. All single bill transactions valued P3,000 and above are eligible for easy conversion into installments of 3, 6, 9, 12, 18 and 24 months. This program helps you to buy the article that you’ve always wanted without feeling the heat of paying high interest charges.
Unique Cash Advance Benefit
A one-of-its-kind feature in the credit card segment that allows the cardmember to convert available credit into cash at promotional rates and payback in installments of 3, 6, 12, 18 or 24 months. The EzyCash feature is available at a promo rate starting 0.88% per month. The cardmember can easily avail cash under this scheme by calling the 24/7 Customer Service Hotline.
Conversion of Large Value Purchases Into Installments - EzyConvert
The cardmember can also convert outstanding purchases of P3,000 and above into installment payments of 3,6,12,18 or 24 months at an affordable Add On rate of 1.45% only. Maybank Visa Platinum cardholders can simply call the customer care with basic details of the card and make a request for conversion. This benefit helps the cardmember to save on interest charges and also pay off the purchase within a stipulated time.
EzyTransfer Balance Transfer Option
Now, you can move outstanding balances from other credit card and save on interest charges by payment in installments. The EzyTransfer option from Maybank lets you transfer balances from non-Maybank credit cards of a minimum value of P5,000 and payback in equated installments of 3,6,12,18 or 24 months. Interest charges are billed at a rate of 0.88 percent per month.
TreatsPoints - The Rewards Program
With the Maybank Visa Platinum credit card, you get 1 TreatsPoint for every P25.00 spent using this card. The accumulated points can be redeemed for a host of rewards, directly credited into your card account. All cards issued under the account including Supplementary cards are eligible for points under this program.
EazyCash - The Cash Advance Program
One of its kind benefit seen in the credit card industry, this program lets Visa Platinum card members to covert available credit into cash and payback in installments of 3, 6, 12, 18 or 24 months at a promotional rate starting at just 0.88 per month. This program helps you to avail cash at affordable rates and payback within a stipulated time.
It is quite easy to avail the Maybank Visa Platinum card from Maybank owing to simple-to-fulfill eligibility conditions. They have been listed below for reference.
- The applicant must be a resident of the Republic of the Philippines.
- Should fall between the age group of 21-65 years.
- The gross annual income (Salaried or Self Employed) should be at least P150,000 per annum.
The applicant is required to produce an ID proof issued by government agencies such as Passport, Driver's License, SSS ID etc along with the documents listed below on the basis of “Type of Employment”.
• Latest ITR (Income Tax Return) with Bank or BIR Stamp. ITR can be substituted by BIR Form 2316.
• Last three months’ payslips
• Original COE (Certificate of Employment)
• Details of an active credit card (Card number)
|Self Employed Applicants||
• SEC or DTI Registration Certificate
• AFS (Audited Financial Statements) with Bank or BIR Stamp
• Latest ITR with Bank or BIR Stamp
• Details of an active credit card (Card number)
Interest Rate & Fees
- This card is offered to customer at a monthly interest rate of 3% per month.
- The Annual Fee for Primary Card is P3,000 while Supplementary Cards are billed P1,500 per annum.
|Late Payment Fee||P500 or 5 percent of the outstanding balance, whichever is higher.|
|Cash Advance Fee||P500 or 3 percent of the amount withdrawn, whichever is higher.|
|Card Replacement Fee||P400 for each replaced card.|
|EzyCash Manager’s Check Delivery Charge||P100 for each check delivered under the EzyCash facility.|
Frequently Asked Questions
- Is there a fee for rewards redemption? I would like to redeem the accumulated rewards under the TreatsPoints program.
- I had signed up for payment in installment for a retail purchase and would like to pay if off before the actual end date. Will I be penalized?
- How do I make an application for the Maybank Visa Platinum credit card?
- Please provide the contact number for the Customer Service wing. I have a query on my Visa Platinum card.
- Is there a waiver of the Annual Fee for the Maybank Visa Platinum credit card?
Maybank will only charge you for an invalid dispute raised by the customer during the process of redeeming the rewards. A fee (Rewards Handling Fee) of P500 will be billed to your credit card account in this regard.
There will be a penalty billed at the rate of 5% of the unpaid amount in the installment account (Min. of P500) if you decide to pay off and terminate the account before the official close date. The fee will be charged to your card account.
You can apply for this card either on the official website of Maybank in the Philippines or by visiting the nearest branch. They have 79 branches spread across the country.
The Customer Service wing can be reached by calling 32-588-3888 (PLDT Domestic) or 1800-10-588-3888 (toll free) for resolution of issues/questions relating to credit cards.
This card comes free for the first subscription year, which means the Annual Fee of P3,000 remains waived for the first year.