bad news guys..

Maybank just enforced a show stopper on one of their best selling Credit Card products. Maybank 2Card. Initially was the deflation of the Treatspoints rewards program and now the removal of the rebate system. I can foresee a lot dissatisfaction expressed over social media and forums.
https://forum.lowyat.net/topic/3612314/+300

An AMResearch article on Credit Card interchange fees. Expected loss in revenue.

http://cdn1.i3investor.com/my/files/dfgs88n/2014/11/03/1481227363-1648726733.pdf

Quoted;
"CIMB and Maybank have relatively larger market share of credit cards receivables. Of the local banks, we estimate that
CIMB and Maybank have the largest market share currently in terms of credit card receivables, at 16% and 15% respectively.
Next on line is HLBB’s 12.2%, followed by RHB Cap at 5.8%, PBB at 4.6% and AFG at 1.7%. We think this will also closely
reflect the market share of purchase transactions by credit card holders. The banks are likely to mitigate the impact of this
through, perhaps, lesser reward programmes to credit card holders."


MBB has a 7billion revenue on Credit Card Recievables;
http://cdn1.i3investor.com/my/files/dfgs88n/2015/03/13/1482069354-449038011.pdf
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