Public Bank launches MasterCard Lifestyle Debit

  • Banking
  • Monday, 25 Jan 2016

Public Mutual, a unit of Public Bank, is Malaysia

KUALA LUMPUR: Public Bank Bhd has launched its PB MasterCard Lifestyle Debit which combines the features of a debit card which can be used locally and overseas and also functions as an ATM card.

The banking group said the card was exclusively for its banking customers of all segments. 

“It is tailored for the market as a combo debit card which function as an ATM card, domestic and international debit card thus enabling retail transactions to encourage customers to go cashless,” it said. 

With the PB MasterCard Lifestyle Debit, customers will be entitled to a 1.0% cash back for overseas retail transactions and overseas online transactions. The cash back will be credited into the banking account on a monthly basis. 

Hence, this alleviates the need for PB travellers to carry a lot of cash when they are traveling around the world while also boosting the cashless initiative. 

Here’s how it works. The new debit card features MasterCard Contactless which enables payments with a simple tap at any contactless-enabled payment terminal at over three million merchants worldwide. 

There is no need for a signature or PIN if the retail purchase is RM250 and below. Hence, this reduces their time queuing at the cashier counter as it offers a secure, fast and convenient way to pay for daily purchases. 

For the launch promotion, Public Bank will reward the first 10,000 qualified Public Bank Lifestyle Debit Cardmembers with a RM38 cash back upon three retail transactions of any amount charged on the card within the first month from card issuance date. 

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