Other Information
Procedure of Closing of Maybank Credit Card
If the validity of the credit card will expire, the Maybank Card Center shall automatically extend your credit card. If Maybank decides to close credit card, you may contact Customer Care at at 69811 via mobile telephone or 500611. Make sure all liabilities in your card have been settled. Card closing process will be made within the period not later than 3 (three) working days as of acceptance of request of closing or date of acceptance of all liabilities.
Cash Advance
Cash advance limit for Maybank Credit Card Holder is in the amount of 60% of total credit ceiling. You are subjected to Administrative costs of 4% of cash advance amount or at least Rp60.000,- and cash advance interest rate of 2,95% is effective as of date of cash advance until billing date.
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 (2,95% per month). The minimum payment shall be of 10% of total billing or minimum Rp.75.000,- (whichever is bigger).
Example of Interest count
If Maybank credit card holder has the following data:
| Billing cycle | : date 10 |
| Transaction date: | : 15/05 |
| Date booked by Maybank: | : 20/05 |
| Total Transaction: | : Rp100.000,- |
| Interest rate per month: | : 2,25% |
| Annual Interest rate : | : 26,95% |
| Payment Period: | : 16 days |
| Due date: | : 25/05 |
Remarks: This example applies to the Maybank Credit Card holder who only makes 1 transaction. The amount of interest rate and charges are only example, it subject to change according to Bank’s policy, but the counting method remains the same.
- The Maybank Credit Card Holder is charged delay costs of Rp75.000,-
- Provisional Interest = 20/04 through 10/05 that is 21 days of Rp100.000,- = Rp2.037,-
- Anticipated Interest 1 = 11/05 through 01/06 that is 21 days.
21/365 x 35,40% x Rp100.000,- = Rp2.037,-
- Delay charge Rp 75.000,-
- Financial Charge
- Delay charge is amounting to Rp75.000,-
- Provisional Charge = 20/04 through 10/05 that is 21 days from Rp100.000,-
21/365 x 35,40% x Rp100.000,- = Rp2.037,- - Anticipated Interest 1 = 11/05 through 10/06 that is 31 days
31/365 x 35,40% x Rp100.000,- = Rp3.006,-
- Delay charge is amounting to Rp75.000,-
- Provisional Interest = 20/04 through 10/05 that is 21 days from Rp100.000,-
21/365 x 35,40% x Rp100.000,- = Rp2.037,- - Anticipated Interest 1 = 11/05 through 01/06 that is 21 days
21/365 x 35,40% x Rp100.000,- = Rp 2.037,- - Anticipated Interest 2 = 02/06 through 01/06 that is 9 days
9/365 x 35,40% x (Rp100.000,- - Rp50.000,-) = Rp436,--
- The Maybank Credit Card holder will be imposed delay charge because he/she makes payment below minimum payment of Rp75.000,-
- Provisional Interest = 26/04 through 10/05 that is 21 days of Rp100.000,-
21/365 x 35,40% x Rp100.000,- = Rp2.037,- - Anticipated Interest 1 = 11/05 through 25/05 that is 15 days
15/365 x 35,40% x Rp100.000,- = Rp1.552,- - Anticipated Interest 2 = 26/05 through 10/06 that is 16 days
16/365 x 35,40% x (Rp100.000,- - Rp30.000,-) = Rp1.018,-
Total Rp 149.607,-
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