Maybank Platinum Visa Credit Card

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: 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

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• 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 & Charges 

• Annual fee: S$0
• Quarterly service fees: S$21.80 (first 3 years waived)
• Late fee: S$100 
• 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 Pay