Maybank Platinum Visa Credit Card
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Summary
Maybank Platinum Visa Card
If you prefer to pay in cash most of the time, but still don’t want to miss out on any rewards, the Maybank Platinum Visa card may be a good booster for you.
You only need to spend a minimum of S$300 per month (or equivalent in foreign currencies) to qualify for cashback. That’s much less than the typical S$600 to S$800 minimum spend for other cards. In return, you will receive 3.33% cashback, travel insurance coverage of up to S$500,000 and the convenience of Samsung Pay. There are two kinds of waivers you’ll enjoy: one being the three-year annual fee waiver, the other being the S$20 quarterly service fee waiver as long as you charge to the card once every three months.
Keep in mind, the cashback cap is set at S$100 per quarter and only local spend qualifies for the 3.33%.
Maybank Platinum Visa Card Promotion:Â Get a pair of American Tourister Linex Spinner 66/24 Luggage (worth S$336) or an Apple AirPods 3rd Gen with Lightning charging case (worth S$261.40) or S$200 cashback
- Promotion is valid for new Maybank credit card and CreditAble account applicants only
- Apply and get approved for a new Maybank credit card and CreditAble account and accumulate at least S$600 of credit card spend and/or CreditAble account withdrawals every month for 2 consecutive months from card approval date to be eligible for rewards
- Promotion is valid until 31 January 2024
- Terms and Conditions. Click here
Product Page Transparency
- Pays to access additional features
Features & Benefits:
+ Get up to 3.33% cash rebate on all your local and foreign currency spend
+ Earn up to 3% p.a. with the Maybank Save Up Programme, with spends on this credit card being one of the categories
+ Complimentary travel insurance coverage of up to S$500,000
+ Quarterly service fee of S$20 (First 3 Years Free). Subsequently, quarterly service fee is waived when you charge to your Card once every 3 months
- Min. monthly spend of S$300 each month for a quarter to qualify for cashback
- Cashback cap: S$100 per quarter
Eligibility
- Age: 21 years old and above
- Minimum income: S$30,000 and above per annum (for Singaporeans and PRs) | S$60,000 and above per annum (for Foreigners)
Fees & ChargesÂ
- Annual fee: S$0
- Quarterly service fees: S$21.80 (first 3 years waived)
- Late fee: S$100Â
- Annual interest rate: 15.00%
- Foreign currency transaction fee: 3.25%
- Minimum monthly repayment: 3% or S$20, whichever is higher
- Interest-free period: 20 days
- Interest on cash in advance: 26.90%
- Support payment type: Apple Pay & Samsung PayÂ
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Summary
Maybank Platinum Visa Card
If you prefer to pay in cash most of the time, but still don’t want to miss out on any rewards, the Maybank Platinum Visa card may be a good booster for you.
You only need to spend a minimum of S$300 per month (or equivalent in foreign currencies) to qualify for cashback. That’s much less than the typical S$600 to S$800 minimum spend for other cards. In return, you will receive 3.33% cashback, travel insurance coverage of up to S$500,000 and the convenience of Samsung Pay. There are two kinds of waivers you’ll enjoy: one being the three-year annual fee waiver, the other being the S$20 quarterly service fee waiver as long as you charge to the card once every three months.
Keep in mind, the cashback cap is set at S$100 per quarter and only local spend qualifies for the 3.33%.
Maybank Platinum Visa Card Promotion:Â Get a pair of American Tourister Linex Spinner 66/24 Luggage (worth S$336) or an Apple AirPods 3rd Gen with Lightning charging case (worth S$261.40) or S$200 cashback
- Promotion is valid for new Maybank credit card and CreditAble account applicants only
- Apply and get approved for a new Maybank credit card and CreditAble account and accumulate at least S$600 of credit card spend and/or CreditAble account withdrawals every month for 2 consecutive months from card approval date to be eligible for rewards
- Promotion is valid until 31 January 2024
- Terms and Conditions. Click here
Product Page Transparency
- Pays to access additional features
Features & Benefits:
+ Get up to 3.33% cash rebate on all your local and foreign currency spend
+ Earn up to 3% p.a. with the Maybank Save Up Programme, with spends on this credit card being one of the categories
+ Complimentary travel insurance coverage of up to S$500,000
+ Quarterly service fee of S$20 (First 3 Years Free). Subsequently, quarterly service fee is waived when you charge to your Card once every 3 months
- Min. monthly spend of S$300 each month for a quarter to qualify for cashback
- Cashback cap: S$100 per quarter
Eligibility
- Age: 21 years old and above
- Minimum income: S$30,000 and above per annum (for Singaporeans and PRs) | S$60,000 and above per annum (for Foreigners)
Fees & ChargesÂ
- Annual fee: S$0
- Quarterly service fees: S$21.80 (first 3 years waived)
- Late fee: S$100Â
- Annual interest rate: 15.00%
- Foreign currency transaction fee: 3.25%
- Minimum monthly repayment: 3% or S$20, whichever is higher
- Interest-free period: 20 days
- Interest on cash in advance: 26.90%
- Support payment type: Apple Pay & Samsung PayÂ
3.8
4 Reviews
High to Low
Posted 6d ago
Purchased
Maybank Platinum Visa Card
[Cashback Card] Love the cashback! Real savings instead of redeeming points/miles, and no strings attached like salary crediting or bill payment. You don't need to have a savings account with Maybank. And I do NOT have Maybank CreditAble. The lowest tier of $300/month is manageable for a frugal lifestyle. As insurance premiums can contribute to eligible spend for up to 50% of the monthly spend, I opted to pay monthly instead of annually for one of my insurance plans. It's possible to get $30 cashback per quarter for $150/month non-insurance spend. Do note that it's not any 3 consecutive months, but fixed to the billing cycle of the calendar months. Once I've hit the target tier for the billing month, we switch to using other cards. Now that I'm having big ticket purchases due to upcoming BTO, we're spreading out our payments/deposits so that I can hit the $2000/month tier. I recently got $200 quarterly cashback from the $6000+ spend (dining, groceries, furniture, fittings, insurance) in Apr-Jun 2025. Definitely recommend this card if you're preparing for expenditure like new laptop, wedding etc. E.g. can pay in 3 installments of $900/month and spend another $100/month in day-to-day expenditure, so that you can hit the $1000/month tier and get $100 quarterly cashback. I applied for this credit card a few years ago specifically because insurance premiums are considered eligible spend, and also because no annual fee. Redeemed a free suitcase when I first got the card. Then I redeemed another free suitcase at NATAS travel fair last year.0
What are your thoughts?Posted 10 Jan 2022
Purchased
Maybank Platinum Visa Card
[Fee Waivers] Perpetual fees waiver (just need to use one per quarter) [Bill Payment] U can use it for recurrent payments of all kinds of bill including your insurance premiums. [Cashback Card] Monthly spend of $300 required to enjoy more than 3% of cashback. Lowest amongst Singapore credit cards (as far as I know). [Useful For...] Insurance premiums, utilities and recurrent payments.2
What are your thoughts?View 1 other commentsAlan Goh
06 Mar 2022
Learner at Always Learning
Reply
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Posted 07 Jan 2024
Purchased
Maybank Platinum Visa Card
ok card in terms of cashback consideration, pretty straight forward, approval pretty fast overall ok0
What are your thoughts?Posted 10 Oct 2022
Purchased
Maybank Platinum Visa Card
Waste of time. 3.33% cashback is pointless, not to mention it is capped at $100 per quarter. There are better cashback cards out there.0
What are your thoughts?
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Eligibility for Maybank Platinum Visa Card
- Principal cardholders minimum age must be at least 21 years of age Â
- Singaporeans and PR; Minimum annual income of $30,000
- Foreigner; Minimum annual income of $60,000
Fees and Charges for Maybank Platinum Visa Card
- Annual fee: S$0
- Quarterly service fees: S$21.80 (first 3 years waived)
- Late fee: S$100Â
- Annual interest rate: 15.00%
- Foreign currency transaction fee: 3.25%
- Minimum monthly repayment: 3% or S$20, whichever is higher
- Interest-free period: 20 days
- Interest on cash in advance: 26.90%
- Support payment type: Apple Pay & Samsung PayÂ
How to apply for Maybank Platinum Visa Card?
You can apply online, with or without MyInfo, OR visit Maybank branches to apply.
The documents needed to apply for the Maybank Cards are as follows:
For Full-time Employee
- Photocopy of NRIC (front and back) AND
- Either of your: Latest 12 months of CPF contribution history, Latest computerised payslip, OR Latest Income Tax Notice of Assessment
For Self-Employed / Full-Commission Earner
- Photocopy of NRIC (front and back)
- Latest 2 years of Income Tax Notice of Assessment
For Commission/ Variable Income Earner
- Photocopy of NRIC (front and back)
- Either of your: Latest 12 months of CPF contribution history, Latest 3 months of computerised payslip, OR Latest Income Tax Notice of Assessment
Additional documents for Foreigners
- Valid passport
- Employment Pass with at least 6 months validity
- Utilities bill or bank statement with residential address
- Company letter stating proof of employment of at least 1 year
Maybank Contact
- Reach out to Maybank if you require additional assistance via Maybank's official website or
- Tel: 1800-629 2265 (1800-MAYBANK)
- Tel: (65) 6533 5229 (Overseas)
Still unsure? Find out everything you need about credit cards - including what the best credit cards in Singapore are for miles and Cashback, factors to consider before getting one, fees to know, and why a good credit score matters.
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Hi Eric, sorry for the late reply. Yes, according to the Terms and Conditions. You can browse it at https://www.maybank2u.com.sg/iwov-resources/sg/....