Greatest Maybank Credit score Playing cards in Singapore – Credit score Card Opinions 2020

Boycott Malaysia all you want, however the truth stays that Malaysian banks like Maybank and CIMB are recognized for providing good offers with regards to bank cards, financial institution accounts and different monetary companies.

With some important updates to the minimal spend standards for the Maybank Household & Mates Card, it’s time to relook the Maybank bank cards on provide in Singapore proper now.

Greatest Maybank bank cards in Singapore 2020

Maybank bank card	Key advantages
Maybank Household & Mates Card	8% or 5% cashback on groceries, transport, family-oriented retailers
Maybank Platinum Visa Card	3.33% quarterly flat rebate with min. spend $300 or $1,000
Maybank Horizon Visa Signature	$1 = 3.2 miles on eating, petrol, taxis, Agoda
Maybank World Mastercard	Golf privileges, $1 = 4 miles on petrol, chosen eating & buying
Maybank FC Barcelona	1.6% limitless cashback
Maybank DUO Platinum Mastercard	13% or 5% cashback on petrol in Singapore & Malaysia

Maybank Household & Mates – on a regular basis cashback for households

True to its title, the Maybank Household & Mates Card is likely one of the greatest cashback playing cards for households, overlaying most of the common Singaporean breadwinner’s key bills.

This Maybank bank card is likely one of the most beneficiant grocery bank cards in Singapore – you get a whopping 8% rebate at NTUC FairPrice and Chilly Storage, plus Malaysia hypermarkets like Tesco. Nice information if your youngsters’ insatiable appetites devour a big chunk of your month-to-month bills.

One other key space the place you’ll be able to earn 8% rebates is on petrol in Singapore and Malaysia, or native bus/MRT/taxi rides if you happen to don’t drive. You additionally get 8% cashback at Common, Yamaha, Toys ‘R’ Us and quick meals supply.

The 8% rebate is topic to your assembly the $800 minimal spend (lowered from 1 Sep 2019) which shouldn’t be a difficulty if you happen to’re elevating a rising household in Singapore… However even if you happen to don’t, you continue to get 5% rebate on these classes as long as you handle to spend $500.

Thoughts the cashback cap with this one – you don’t earn cashback past $80 a month.

Key options:

Earn 8% money rebates on groceries, eating, transport and petrol, studying & retail and information communication & on-line TV- streaming if you happen to meet minimal spending requirement of $800
Earn 5% as a substitute on the identical classes if you happen to spend not less than $500
Groceries embody NTUC Fairprice, Chilly Storage, Large, Sheng Siong, RedMart, Honestbee, Market Place and Jasons in Singapore in addition to Aeon, Large, Tesco and Pacific Hypermart in JB.
Transport consists of petrol in Singapore and Malaysia, and MRT, bus and taxi rides
Studying & retail, Common, Yamaha and Toys ‘R’ Us
Knowledge communication & on-line TV streaming embody Starhub, Singtel, M1 Restricted, Circles.Life, MyRepublic and Netflix
Cashback is capped at $80 a month

Important information:

Minimal revenue: $30,000
Annual charge: $180 (waived for 3 years)
Payment waiver if you happen to spend a minimal of $12,000 in a yr

Maybank Platinum Visa Card – flat rebate for constant spenders

One of many “clones” of the ever-popular UOB One Card, the Maybank Platinum Visa Card is a type of bank cards that offer you a flat payout on the finish of the quarter so long as you spend constantly in all 3 months.

Although the mechanics of it sound sophisticated, this technique is definitely nice if you happen to’re a constant spender, however should not detail-oriented sufficient to micromanage your totally different expenditure varieties.

It’s additionally one of many few cashback playing cards for low spenders as you’ll be able to nonetheless get the rebate even if you happen to spend solely $300 a month. (Most cashback playing cards have a minimal spend of $500 and above.)

However for the reason that cashback per quarter is mounted at both $30 or $100, it’s best to cease utilizing the cardboard quickly after you hit the minimal spending requirement of $300 or $1,000 every month.

Take into consideration which one you’ll be able to comfortably meet each month, as a result of failing to satisfy the spending necessities in a single single month will jeopardise your probability to earn cashback for the whole quarter.

Key options:

Spend $1,000 regionally each month in 1 / 4 to get $100 rebate on the finish (equal to most 3.33%)
Or spend $300 regionally each month in 1 / 4 to get $30 rebate (equal to most 3.33%)

Important information:

Minimal revenue: $30,000 a yr
Quarterly charge: $20 (waived for 3 years)
Subsequently, charge is waived when card is charged as soon as each 3 months

Maybank Horizon Visa Signature Card – miles card for the common Joe

The Maybank Horizon is a wierd one. Consider it as an air miles card for aspiring frequent flyers. Key phrase being “aspiring”. (Which, TBH, is most of us working adults in Singapore.)

Not like the everyday air miles bank card, which is optimised for individuals who journey loads, this Maybank bank card allows you to acquire miles whereas nonetheless being shackled to your desk and woefully restricted by your measly annual go away days.

It offers you a very good 3.2 miles per $1 spent regionally on eating, petrol and taxis, that are key spending classes for career-focused PMEBs on this revenue bracket (incomes $50,000 a yr). That very same earn price applies on chosen Agoda lodge bookings.

Nevertheless, with regards to precise journey bills – like flight bookings and abroad spending – you don’t get a lot bang in your buck right here, simply 2 miles per greenback.

Key options:

$1 = 3.2 miles (8X TREATS factors) on eating, petrol, taxi fare and Agoda lodge bookings
$1 = 2 miles (5X TREATS factors) on air tickets, journey packages and overseas forex transactions
Complimentary entry to Ambassador Transit Lounge and Plaza Premium Lounge at Changi, KL Worldwide and HK Worldwide Airports (min. spend $1,000 in a single retail transaction inside 3 months prior)
Complimentary journey insurance coverage of as much as $1m when full journey fare is charged to card

Important information:

Minimal revenue: $30,000
Annual charge: $180 (waived for 3 years)

Maybank World Mastercard – golf privileges & taitai rewards

The principle benefit of this card is the complimentary inexperienced charges at golf golf equipment in Singapore and abroad while you spend not less than $1,000 in the earlier month.

Different perks embody the petrol financial savings, and the truth that you get a beneficiant 4 miles per greenback while you spend at chosen taitai institutions. These embody Crystal Jade, Imperial Treasure, Paradise Group and Les Amis Group eating places, and boutiques like Membership 21 and DFS T Galleria.

As you’ll be able to see, you’ve received to be a golfer and a reasonably excessive spender to actually profit from this card’s perks. The $80,000 minimal annual revenue shuts out the remainder of us plebs.

Key options:

Complimentary inexperienced charges at 4 golf golf equipment in Singapore and 92 golf golf equipment abroad while you spend not less than $1,000 within the earlier month
Earn 10X TREATS Factors (or 4 air miles) while you spend on the above retail and eating institutions, in addition to all petrol stations worldwide
19.1% financial savings on petrol
Complimentary entry to Plaza Premium Lounge in 14 airports in Asia and Australia (should cost not less than $1,000 in a single retail transaction inside 3 months previous to get lounge entry)

Important information:

Minimal revenue: $80,000
Annual charge: $240 (waived for first yr)

Maybank FC Barcelona Visa Signature – limitless 1.6% cashback

You is perhaps tempted to provide this one a miss if you happen to’re not into soccer or if FC Barcelona isn’t your most well-liked group.

However regardless of the considerably odd branding of this Maybank bank card, it’s a stable limitless cashback bank card as a result of respectable 1.6% cashback price you get on all native spending, with no cashback cap in any respect. That is supreme for one-time huge bills like an entire revamp of your house theatre, or (groan) marriage ceremony banquet.

At 1.6%, it’s only a tiny bit higher than the opposite limitless cashback bank cards available on the market, which generally provide 1.5%. The downside is that you just don’t earn rebates on abroad spending, solely factors.

Key options:

Earn 1.6% limitless money rebates on all native spending
Earn 2X TREATS Factors for each $1 spent in overseas forex
No minimal spending necessities
No cashback cap

Important information:

Minimal revenue: $30,000
Annual charge: $120 (waived while you spend not less than $10,000 per yr)

Maybank DUO Platinum Mastercard – petrol card for Malaysia

Right here’s a Maybank bank card card that you need to use at any petrol station not simply in Singapore, but in addition in Malaysia, making it supreme if you happen to usually nip throughout the Causeway. You get 5% money rebate on petrol payments in Singapore and Malaysia.

Aside from the petrol rebate, although, it doesn’t actually do a lot else. In case you usually pump petrol in Singapore, you’ll be able to in all probability discover a higher petrol bank card for native use.

Key options:

Get 5% money rebate on petrol in Singapore and Malaysia
1.5% limitless money rebate on all overseas forex spending
1 TREATS level per $1 on different spending

Important information:

Minimal revenue: $30,000 a yr
Annual charge $120 (waived for 3 years)

Maybank bank card promotions

In case you’re eyeing any card talked about above, making use of quickly with the most recent promotion can internet you a free American Tourister Linex 66/24 TSA Baggage (value S$260) while you apply for a brand new Credit score Card and CreditAble. There’s additionally a minimal spend standards of $300 per thirty days for the primary 2 months.

Head on to MoneySmart to check and apply Maybank bank cards.

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