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Grab card retires

Maybank Grab Mastercard Platinum Discontinued: What Replaces It From 7 September 2026

RaymondRates.my4 min read

Maybank retires the Grab Mastercard Platinum on 7 September 2026. Cardholders don't need to apply — a new cashback card replaces it automatically, same 16-digit number. What changes, before the switch.

7 Sep 2026
Grab-branded card retires
GrabRewards points stop earning that day
8%
New cashback rate
Dining, digital lifestyle & entertainment, RM18 cap each
RM1,500
Monthly spend to unlock it
Below it: flat 0.2% cashback, no cap

The timeline: three dates that matter

14 AugDiscontinuation announcedMaybank confirms the Grabco-brand partnership is ending7 SepGrab benefits stopLast day GrabRewards pointsare earned on this card12 Sep → OctReplacement cards shipAutomatic delivery, same cardnumber — no application needed
Maybank announced the change on 14 August. GrabRewards stop accruing on 7 September; replacement cards ship automatically from 12 September through October.
  • No application needed — the swap to the new cashback card happens automatically for every cardholder.
  • Your 16-digit card number carries over — GrabPay top-ups and subscriptions keep working without interruption.
  • Existing GrabCoins still expire six months after being earned — none carry over to the new card.
A hand entering a PIN code into a bank ATM keypad, with a bank card inserted
Nothing to activate and no new PIN to set — the replacement card is meant to slot into your existing routine. · Photo: Unsplash

Old GrabRewards vs. the new cashback card

GRAB MASTERCARD PLATINUMretiring 7 Sep 20261x GrabRewards/RM1 on Grab spend1x GrabRewards/RM3 elsewhereNo stated monthly capNEW CASHBACK CARDreplaces it automatically8% dining, digital lifestyle(e-hailing + groceries), entertainmentRM1,500/mo needed · RM18 cap eachBelow RM1,500: flat 0.2%, uncapped
The Grab Mastercard Platinum's points-based structure against the cashback card that replaces it, effective 7 September 2026.
  • Overseas spend gets cheaper too — in-person payments in Singapore, Thailand, Japan, South Korea and Indonesia skip the fee.
  • Everywhere else, and for online overseas purchases, Maybank's standard 1.25%-plus-1% Mastercard markup still applies.
  • Annual fee stays free for life — only the usual RM25 service tax per card continues.

What to actually do before 7 September

See the full current terms on rates.my's Maybank Grab Mastercard Platinum page, or read our breakdown of cashback cards' fine-print traps before deciding whether to keep this one.

  • Spend on the lower side? Compare this card against Maybank's other cashback options first.
  • Spend more, and the new flat-rate cashback likely beats the old points-only Grab rate.

What to watch

  • 7 Sep 2026GrabRewards stop accruing on the Grab Mastercard Platinum — the new cashback structure takes over from this date.
  • 12 Sep – Oct 2026Replacement cashback cards are mailed out automatically, in stages, to every existing cardholder.
  • Before 7 SepSpend down any GrabCoins you don't want to lose — they keep their normal 6-month expiry and don't transfer to the new card.
Not financial advice. This is general information based on Maybank's own announcement and independent reporting of it, as at 22 August 2026. It is not a recommendation to keep, cancel or apply for any card. Confirm current terms directly with Maybank before the 7 September changeover — cashback categories, caps and thresholds can be revised without notice.

Sources & further reading

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This article is general information, not personalised financial advice. Rates.my is not a licensed financial adviser — always verify rates with the institution and consider your own circumstances.

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