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LOL | Maybank Devalues All Its Credit Cards Again!


Oh dear. It looks like Maybank has given us a truly wonderful gift to kickstart 2025—yet another significant devaluation. Interestingly, the bank has also announced a temporary increase in the cap for converting TreatsPoints to airline miles.




I previously wrote about how ridiculous this cap was, especially considering that Maybank was once a leader in this space. It’s truly astonishing how far the bank has fallen over the past few years, and this latest move might just be the final nail in the coffin for Maybank’s credit cards.


Temporary Cap Increase


Let’s start with the temporary cap increase. From 1 February 2025 to 28 February 2025, the monthly cap for TreatsPoints conversions will be raised from 100 million to 2 billion. This is no small adjustment, given that the quota has been maxed out within minutes every month since last year.


The Big Devaluation


Now, here’s where things get interesting—Maybank has also announced a major devaluation in its TreatsPoints-to-miles conversion rates, effective 22 February 2025. If you haven’t already converted your TreatsPoints to miles, you should seriously consider doing so before this date.



With this latest devaluation, Maybank’s credit cards are now effectively worthless (in case that wasn’t obvious enough). Even its flagship card, the Maybank Diamante Visa Infinite, now earns a laughable 0.4 miles per ringgit (MPR) on overseas spend.


Imagine having an AUM of USD 1 million with Maybank and earning 0.4 MPR on overseas spend. What an embarrassment!


Final Thoughts


It’s truly disappointing to see how Maybank has continuously eroded the value of its credit card rewards. Once a frontrunner in the airline miles game, the bank now seems determined to alienate its most loyal customers.

Snippet from Enrich Ultimate Guide
Snippet from Enrich Ultimate Guide

While the temporary cap increase may provide some short-term relief, the long-term trajectory is clear—Maybank’s credit cards are no longer competitive for those who prioritize earning miles. If this trend continues, it won’t be surprising to see more customers looking elsewhere for better rewards programs.


For now, if you still hold a Maybank credit card, convert your TreatsPoints as soon as possible before the new rates kick in.


Let's be honest. None of us are probably using Maybank credit cards for airline miles at this point. If you still are, you'd probably want to read a few of my older articles to get up to speed!


As always, my Ultimate Guides are all updated to reflect the latest MPR rates on Maybank credit cards.

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