Which Malaysian air miles credit card offers the best conversion rate?

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Maybank 2 Cards Premier Offers the Best Conversion Rate for Air Miles in Malaysia

The Maybank 2 Cards Premier credit card provides the most favourable conversion rate for earning air miles in Malaysia, offering RM0.95 for every 1 Enrich Mile accumulated through all local and overseas spending made on its American Express component. This premium card allows cardholders to redeem air miles for various airlines, including KrisFlyer, Asia Miles, and AirAsia BIG Points.
Maybank 2 Cards Premier Structure and Benefits

The Maybank 2 Cards Premier is a dual-card package comprising the Maybank2 Cards Reserve American Express and the Maybank Visa Infinite. The American Express card is particularly rewarding, granting 5 TreatsPoints (TP) for every RM1 spent both locally and internationally. The accompanying Visa Infinite card offers 2TP per RM1 spent locally and a higher 5TP per RM1 spent on overseas transactions. This structure enables Maybank 2 Premier cardholders to redeem twice the number of air miles compared to those holding ordinary Maybank Visa or Mastercard products.
Expenditure Required for Air Miles Redemption

To achieve the best conversion rate, spending RM950 on the Maybank 2 Cards Premier, excluding categories like utilities, education, EzyPay, and insurance, can yield 1,000 Enrich Miles. This efficient accumulation is a key feature that distinguishes it from other cards in the market. The rewards points earned through this card are valid for a period of three years.
Eligibility and Annual Fee Considerations

The Maybank 2 Cards Premier has a minimum annual income requirement of RM120,000. The annual fee is set at RM800, though it is waived for the first year. Subsequently, the annual fee can be waived by meeting a minimum annual spend of RM80,000. These criteria position the card for higher-income earners seeking premium air mile benefits.
Comparison with Other Cards

While the Maybank 2 Cards Premier stands out for its conversion rate, other cards offer different advantages. For instance, the Maybank 2 Gold Cards provide a conversion rate of RM2 per Enrich Mile with a lower income requirement and no annual fee. The Alliance Bank Visa Infinite offers a rate of RM1.20 per Enrich Mile for overseas spending but requires a higher minimum income of RM150,000. The HSBC Visa Signature card presents a conversion rate of RM1.31 per Enrich Mile on overseas and foreign online spend, with a minimum income requirement of RM72,000.

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Which Malaysian air miles credit card offers the best conversion rate?

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