KUALA LUMPUR: Mercedes-Benz Financial has entered into an exclusive partnership with Maybank to launch an industry-first credit card nationwide.
Visa was named as the exclusive payment network for the offering under the partnership.
Mercedes-Benz said in a statement that the card was the first of its kind that was made of metal and co-branded in the Malaysian automotive landscape.
The company also said the card encapsulated the element of exclusivity, style and convenience that it had identified to fulfill consumers' banking needs.
Customers can earn accelerated points on selected purchases at any Mercedes-Benz Autohaus in Malaysia, provided that the payment is made using the card.
"Cardholders would be entitled to a 10 percent discount on Mercedes-Benz parts, official merchandise, and accessories in addition to accumulating 10 times TreatsPoints with every RM1 spent per visit.
"Moreover, the card also offers up to 8 per cent discount on comprehensive Mercedes-Benz Extended Limited Warranty Programme and up to 20 per cent off MobilityPlus, a Mercedes-Benz car replacement programme," it said.
Additionally, cardholders can also get other rewards such as three per cent cash back on petrol spending which is capped at RM50 per month.
The rewards also include complimentary Accor Plus Explorer membership, dining discounts up to 40 per cent in premium dining venues at Marriott Bonvoy Hotels in Malaysia and complimentary green fees at 100 gold courses worldwide.
Mercedes-Benz cardholders can also enjoy a two-year annual fee waiver, and the subsequent year annual fees are waived with an accumulated card spending of RM80,000 per annum.
Mercedes-Benz Services Malaysia managing director Anamika Talwar said the company was thrilled to launch its first exclusive branded metal credit card along with Maybank and Visa that complement customers' luxury brand experience.
"The Mercedes-Benz Card is designed to enrich the experience of card holders who are lifestyle enthusiasts. Our customers can now have the prized 3 pointed Star, not only in their garage, but also in their wallet."she said.
Maybank head, cards group, community financial services and senior executive vice president B.Ravintharan said as the market leader for cards in Malaysia, the bank continued to offer customer centric, new value-added offerings and best in class products for our customers.
"In line with the bank's mission of Humanising Financial Services, we constantly look at new opportunities in emerging lifestyle trends to improve customer offerings and fit their current needs and way of life.
"This is also aligned to the Bank's strategy to continuously build on its strong franchise in the region by offering distinct value propositions for different market segments,"he said.
Application is open to all with a minimum annual income of RM100,000.