Maybank Islamic PETRONAS Ikhwan Visa Platinum Card-i

A Straightforward Fuel Cashback Card

The Maybank Islamic PETRONAS Ikhwan Visa Platinum Card-i is a petrol-centric cashback card built almost entirely around spending at PETRONAS service stations. Its core attraction is the 8% cashback on weekends and 1% cashback on weekdays, capped at RM50 per month.

In practical terms, the weekend cashback cap is fully reached with approximately RM625 in fuel spend. This makes the card particularly effective for users who can plan refuelling on Saturdays and Sundays, while weekday usage provides only marginal value.

For non-fuel spending, the card functions as a basic points earner, granting 1x TreatsPoints on categories such as utilities, education, and insurance. Given the relatively weak redemption value of TreatsPoints, this base earning rate is effectively negligible and should be treated as incidental rather than a meaningful reward.

The card’s strengths lie in its lifetime annual fee waiver and non-compounding Shariah-compliant structure, making it easy to keep without worrying about long-term holding costs. Support for Apple Pay, Google Pay, and Samsung Pay adds everyday convenience, despite the narrow reward scope.

Verdict: This card works best as a dedicated PETRONAS fuel card. It delivers predictable weekend cashback with zero holding cost, but offers little incentive beyond petrol spend and should be paired with another card for groceries, dining, or miles accumulation.