Maybank has once again launched the 0% interest EzyCash offer, which allows credit card holders to withdraw cash from their credit cards.
The EzyCash/-i Promotion is open for application from April 22 to July 31, 2024, according to the official website of Maybank. Cardholders can enjoy 0% interest and 0% One-time Upfront Fee as long as they opt for a 6-month installment.
Under this offer, cardholders can spend 70% of the Credit Limit on their Maybank credit card, with a minimum spending of RM2,000. For example, if your credit limit is RM5,000, then you can spend RM3,500 in cash, and you only need to pay back RM583.33 monthly. This amount will be credited to your credit card statement every month for a period of 6 months.
Simply put, this can be interpreted as a loan from the bank, but the amount of the loan will be determined by the credit limit of the credit card. When participating in this offer, cardholders will enjoy 0% interest on the loan, i.e. borrowing RM5,000 and repaying RM5,000, borrowing RM10,000 and repaying RM10,000, with no additional interest to be paid.
Originally, you need to pay 3.88%p.a. One-time Upfront Fee when applying for 6-month EzyCash/-i, but it will be waived during the promotional period. If you apply for 12, 18, 24 or 36 months EzyCash/-i, you will have to pay 8.88%p.a. interest.
Caution! You must hold a Maybank Personal Savings or Current Account to participate in this offer as the cash applied for spending will be remitted to your Personal Savings or Current Account.
How to participate in EzyCash/-i Promotion
Step 1: Login to Maybank2u.
Step 2: Go to Cards and select Credit Card.
Step 3: Select More Details at the top right corner and select Apply EzyCash.
Step 4: Select your credit card in the Transfer from section.
Step 5: Select your savings or current account in the Transfer to field and enter the amount you want to apply.
Step 6: Select the EzyCash package you want to participate in.
Step 7: Read and understand the terms and regulations.
Step 8: Click Submit.
Step 9: Validate your application.
