Maybank Grab Mastercard Platinum
1X GrabRewards Point per RM1 on Grab spend
Apply for Maybank Grab Mastercard Platinum →Last updated 21 September 2026 · Reviewed by Raymond, Rates.my
Maybank Grab Mastercard Platinum overview
The Maybank Maybank Grab Mastercard Platinum is a Platinum-tier Mastercard points card built around rewards points. 1X GrabRewards Point per RM1 on Grab spend. It best suits entry-level applicants and first-time cardholders, with a minimum income requirement of RM24,000 a year. It carries no annual fee.
Features & benefits
- ✓1X GrabRewards Point per RM1 on Grab services (rides, food, GrabPay) — revised down from 5X on 1 Apr 2023
- ✓1X GrabRewards Point per RM3 on other local spend
- ✓1,000 GrabCoins + RM50 worth of Grab vouchers on approval
- ✓Annual fee waived for life — no minimum spend condition
- ✓Being discontinued 7 Sep 2026 — existing cardholders auto-migrated to a new cashback card, mailed from 12 Sep
Is the Maybank Grab Mastercard Platinum worth it?
The Maybank Grab Mastercard Platinum is best suited to entry-level applicants and first-time cardholders — its minimum income requirement is RM24,000 a year (about RM2,000 a month). As a points card, it works best for people who will actively redeem rewards points for vouchers, gifts or air miles.
- +Free for life — no annual fee
- +Low income requirement — accessible to first-time applicants
- −Rewards only pay off if you actively redeem your points or miles
- −Like any credit card, finance charges apply if you don't pay the balance in full each month
How much could you earn?
At 0.33 points per RM1, around RM2,000 of monthly spending earns about 660 points a month — redeemable for vouchers, gifts or air miles depending on the programme. This is illustrative; redemption value varies.
Eligibility & how to apply
Requirements are general guidance — Maybank sets the final approval criteria. Confirm current terms before you apply.
The fine print, decoded
The catches most people miss on the Maybank Grab Mastercard Platinum, in plain language — so nobody gets caught out. Always confirm against the official terms.
- What's excluded
- No GrabCoins on JomPAY, FPX, MyCdd (government bodies) transactions, or e-wallet reloads other than to the Grab e-wallet itself, per the official product page.
- Foreign transaction fee
- Mastercard International's own conversion component (1.25%) plus 1% (or another rate Maybank sets from time to time) — per the official Maybank Card Agreement, Clause 13.4.
- ⚠Features were revised effective 1 April 2023 (per Maybank's own revision notice) — the product page references this without detailing the prior terms, so treat any pre-2023 review of this card as describing an outdated structure.
- ⚠This card is being discontinued 7 September 2026 (Maybank's own co-brand partnership with Grab ends) — per two independent reports (fintechnews.my, newswav.com, both 22 Aug 2026), GrabRewards stop accruing that day and every existing cardholder is automatically moved to a new cashback card (8% on dining/digital lifestyle/entertainment, RM1,500/mo threshold), same 16-digit number, no application needed. The rate/points figures above remain accurate only until that date — see the dated rates.my insight for the replacement card's terms.
Verified 22 August 2026. Summarised in our own words from Maybank's published terms — indicative only, and terms change. Read the official document before you apply.
📄 Official Maybank Grab Mastercard Platinumterms & product disclosure →Maybank Grab Mastercard Platinum FAQ
You need a minimum annual income of RM24,000 (about RM2,000 a month). Maybank also considers your overall credit standing.
No — the Maybank Grab Mastercard Platinum is free for life with no annual fee.
It earns 0.33 reward points per RM1 spent. 1X GrabRewards Point per RM1 on Grab spend.
No — the Maybank Grab Mastercard Platinum is a conventional credit card. Check with Maybank for any Islamic (card-i) equivalent.
It's a good fit for entry-level applicants and first-time cardholders who want rewards points — its main draw is "1X GrabRewards Point per RM1 on Grab spend". With no annual fee, there's little downside to holding it. Compare it with the related cards below before applying.
See how the Maybank Grab Mastercard Platinum compares
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Rates, fees and promotions are indicative and time-limited — always confirm current terms with Maybank before applying. Not financial advice. Rates.my is an independent comparison site, not affiliated with or endorsed by Maybank; card names and logos belong to their respective owners. Spotted an error or need a correction or takedown? Contact Raymond at raymond@rates.my.