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Maybank Credit Card Terms and Conditions

These Terms and Conditions for Use of Maybank Credit Card are an agreement between the Credit Cardholder and Maybank, therefore before using the Maybank Credit Card, the Credit Cardholder is required to first read and understand the terms and conditions for using the Maybank Credit Card as regulated in the Terms and Conditions of Use of Maybank. This Credit Card. By using the Maybank Credit Card and/or signing the back panel of the Maybank Credit Card, it means that the Credit Cardholder has read, understood, accepted and is subject to and bound by the Terms and Conditions of Use of this Maybank Credit Card. If there are things that need further explanation related to the Maybank Credit Card and the Terms and Conditions of Use of the Maybank Credit Card, please contact Maybank Customer Care at 1500611

V. Cash Advance

Cash advance can be made at Maybank branch offices or ATM bearing logo Cirrus, ATM Bersama and Prima with use of PIN those are available both locally and internationally.
Cash Advance is subject to administrative charge and interest which amount will be fixed by Maybank and delivered to the Main Maybank Credit Card Holder from time to time.
The interest as referred to in article V.2 shall be counted as of date of cash advance up to the date of full payment done by the Customer.
Unless specifically declared by Maybank, maximum cash advance shall be:

In the amount 50% of the Maybank Credit Card
In the amount of remaining Maybank Credit Card limit, or
A certain amount whose amount is determined by Maybank.

PT Bank Maybank Indonesia Tbk has the right to cancel, delay, extend or end this program before; varies, delete, or add one of the conditions and conditions of absolute decision by providing notifications in accordance with applicable regulations and will be informed at www.maybank.co.id

Other Information

Procedure of Closing of Maybank Credit Card
Maybank Credit Card holders who will terminate and/or close the Maybank Credit Card facility must provide a written statement via or email to customercare@maybank.co.id The process of closing the Maybank Credit Card facility, no later than 3 (three) working days from written application is accepted. If you need other information, you can contact Maybank Customer Care at 1500611.

Cash Advance
Cash advance limit for Maybank Credit Cardholder is in the amount of 50% of total credit limit. with administration fees and interest rates following the applicable Maybank Credit Card provisions.

Interest Counting Method

Finance Charge

If Maybank credit card holder fails to make payment of the billing entirely or delay in making payment, so he/she is subjected to finance charge. The financial charge shall be adjusted with the interest rate prevails at Maybank. The minimum payment shall be of 10% of total billing or minimum IDR50,000 (whichever is bigger).

A. Calculation of interest on purchases (retail interest) when paying with a minimum payment

Calculation Example
Shopping Interest (retail interest) : 1.75% / month
Minimum payment : 10% of the total bill
Print date : 05/10/21

Date of Transaction	Date of Bookkeeping	Information	Amount (IDR)
	05/08/21	Previous Bill	0
05/09/2021	06/09/2021	Transaction I	10,000,000
09/09/2021	10/09/2021	Transaction I	15,000,000
Ending balance			25,000,000

Print date : 05/11/21

Date of Transaction	Date of Bookkeeping	Information	Amount (IDR)
25/10/2021	05/10/2021 25/10/2021	Previous Bill Minimum Payment (10% x IDR25,000,000) Spending interest	25,000,000 (2,500,000) 826,954
Ending balance			23,326,954

Information :

Retail interest for transaction I from the bookkeeping date to the payment date
(06/09/2021 to 24/09/2021) IDR10,000,000 x 1.75% x 50 days x 12 / 365 = IDR287,571
Retail interest for transaction II from the bookkeeping date to the payment date
(10/09/2021 to 24/09/2021) IDR15,000,000 x 1.75% x 46 days x 12 / 365 = IDR396,986
Retail interest for last month's remaining payments (25/09/2021 to 05/10/2021)
IDR22,500,000,- x 1,75% x 11 days x 12 /365 = IDR142,397
Total interest on purchases (retail interest) IDR826,954

B. Calculation of retail interest if you do not pay.

Shopping Interest (retail interest) : 1.75% / month
Minimum payment : 10% of the total bill
Print date : 05/10/21

Date of Transaction	Date of Bookkeeping	Information	Amount (IDR)
	05/08/2021	Previous Bill	0
05/09/2021	06/09/2021	Transaction I	10,000,000
09/09/2021	10/09/2021	Transaction I	15,000,000
Ending balance			25,000,000

Print date : 05/11/21

Date of Transaction	Date of Bookkeeping	Information	Amount (IDR)
25/10/2021	05/10/2021 25/10/2021	Previous Bill Minimum Payment (10% x IDR25,000,000) Late Charge Spending interest	25,000,000 (2,500,000) 100,000 826,954
Ending balance			23,326,954

Information :

Retail interest for transaction I from the bookkeeping date to the payment date
(06/09/2021 to 24/09/2021) IDR10,000,000 x 1.75% x 50 days x 12 / 365 = IDR287,571
Retail interest for transaction II from the bookkeeping date to the payment date
(10/09/2021 to 24/09/2021) IDR15,000,000 x 1.75% x 46 days x 12 / 365 = IDR396,986
Retail interest for last month's remaining payments (25/09/2021 to 05/10/2021)
IDR22,500,000 x 1,75% x 11 days x 12 /365 = IDR142,397
Total interest on purchases (retail interest) IDR826,954

C. Calculation of retail interest if you pay after the due date

Shopping Interest (retail interest) : 1.75% / month
Minimum payment : 10% of the total bill
Print date : 05/10/21

Date of Transaction	Date of Bookkeeping	Information	Amount (IDR)
	05/08/2021	Previous Bill	0
05/09/2021	06/09/2021	Transaction I	10,000,000
09/09/2021	10/09/2021	Transaction I	15,000,000
Ending balance			25,000,000

Print date : 05/11/21

Date of Transaction	Date of Bookkeeping	Information	Amount (IDR)
25/10/2021	05/10/2021 25/10/2021	Previous Bill Minimum Payment (10% x IDR25,000,000) Late Charge Spending interest	25,000,000 (2,500,000) 100,000 832,707
Ending balance			23,432,707

Information :

Retail interest for transaction I from the bookkeeping date to the payment date
(06/09/2021 to 24/09/2021) IDR10,000,000.- x 1.75% x 50 days x 12 / 365 = IDR287,571
Retail interest for transaction II from the bookkeeping date to the payment date
(10/09/2021 to 24/09/2021) IDR15,000,000 x 1.75% x 46 days x 12 / 365 = IDR396,986
Retail interest for last month's remaining payment (24/09/2021 to 28/09/2021) IDR25,000,000 x 1.75% x 4 days x 12 / 365 = IDR57,534 and
(28/10/2021 to 05/11/2021) IDR22,500,000 x 1,75% x 7 days x 12 / 365 = IDR90,616
Total interest on purchases (retail interest) IDR832,707

Maybank Credit Card Terms and Conditions

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