American Express® Gold Credit Card
Today, Maybank launched its AMEX Gold credit card. I know some people say that all Gold cards look the same, but I think this one looks a little different. For one, the gold colour is not as gaudy.
Although it has many benefits, one of the more interesting one is the 0% finance charge from now till December 2009. This is great for people who like me, are looking to buy big ticket items and do not want to participate in an installement plan. This way, I can stretch my Ringgit further! However, as with all spend, it pays to be prudent.
The other interesting feature is that once 2009 is over, the finance charge will be 9% as opposed to the highest in the market at 18%. Although there is a tiered pricing for credit cards now, it still does not beat this 9% mark. Previously, Affin Bank claimed to be the lowest in the market with charges of 9.9%. Now, Maybank has overtaken them. However, you need to promptly settle your minimum payment of 5% or a minimum of RM25to enjoy this.
And if you are a rewards points person, this card provides you 5X reward points for every Ringgit spent on groceries, petrol, bookstores – Kinokuniya, Borders, Times and MPH – and telco charges via Express Autopay – Celcom, Digi, Maxis and Telekom. Please refer to its website for a list of grocery stores. For all spend elsewhere, you will only get 2x reward points.
To top it all off, it is free for life!! Isn’t that great? I just faxed my application form for it. So excited about the offer.
And look, even the advertisement is great!
Are you going to apply for it?
This post has 4 comments
June 21st, 2009
Hmm…now that you put up all the benefits of the card, I’m quite moved about taking it up too. Maybe I should terminate other cards and use this one. But I wonder if it has any international status to it since it’s tied up with Amex. You reckon?
June 22nd, 2009
Apply apply, then we can help contribute more to the economy!
July 4th, 2009
Well, looks like a good deal. I pushed the girl away when she tried to promote this card. Don’t favour credit cards these days, only cash. But at 9% interest, it certainly sets a new benchmark for others to follow. I’m beginning to see an increasing possibility that Asians will be spending all their 40% average savings in decades to come and end up like the US. Learn from the Westerners mistakes but not learn the way they live.
July 6th, 2009
Haha, if only we all learn their mistakes. But I do think that we will last longer because the savings culture is something which is ingrained in us.