Maybank is the biggest bank in Malaysia, and the fourth biggest bank in Singapore. Naturally, it can’t help but have a robust set of credit cards for Singaporeans on par with some of the other great cards we have featured on our site. We at ValuePenguin understand just how confusing and convoluted choosing a credit card can be. To help you find your ideal card our team has picked out 2 Maybank credit cards with outstanding features and value propositions. No card is perfect for every person because everyone wants different things; and these two cards are not exceptions. In our analysis, we consider what makes these two cards stand out amongst over 100 cards we have analyzed, and discuss who might find these cards most suitable for them.
The following cards are among the best for their respective categories. Read our reviews to assess whether any of them meets your standard.
|Best Maybank Cards||Annual Fee||*2-Year Dollar Value|
|Maybank Family & Friends Platnium MasterCard||S$80.0||S$1,174|
|Maybank Horizon Platnium Visa Card||S$150.0||S$571|
Maybank Family & Friends MasterCard Credit Card: Best for frequent travelers between Singapore and Malaysia
If you frequently go back and forth between Singapore and Malaysia, Maybank Family & Friends MasterCard Credit Card is a great way to earn cashback in both countries. For petrol, taxis and groceries, Maybank Family & Friends card awards 8% of cashback regardless of which side of the border you are on. It is also extremely easy to use because its low annual fee is waived for anyone who can spend S$1,000 a month. Because of its unique cross-border offerings, it is a must consideration for those who split their lives between Singapore and Malaysia.
Pros of Maybank Family & Friends MasterCard Credit Card
- Very low annual fee of S$80, waived with S$12,000 of annual spend
- Great cashback of 8% on petrol, taxis and groceries in both Singapore and Malaysia
- S$80 cash credit for new members with S$400 spent in the 1st month
Cons of Maybank Family & Friends MasterCard Credit Card
- No mile awards
- S$600 cap on annual cash rebate
- Low petrol rebates at 8%
Maybank Horizon Platinum Visa Card is one of our favorite travel cards for people with modest budgets. First, for anyone who can spend S$1,000 a month on the card, it is absolutely free to use. On top of this, it adds outstanding award of 2 miles per s$1 spent on travel, dining and petrol. It also comes with other exceptional travel benefits like 1% foreign transaction fee (compared to 2% offered by other cards) and complimentary airport lounge access. For those who find annual fees to be undesirable, Maybank Horizon puts forward a travel awards card with excellent value.
Pros of Maybank Horizon Platinum Visa Card
- Low annual fee of S$150, which is waived with S$12,000 of annual spend
- 2 miles for S$1 spent on air tickets, travel packages and overseas
- 2 miles for every S$1 spent on petrol & dining on weekends
- Only 1% foreign transaction fee, one of the lowest in the country
- Complimentary VIP airport lounge access
- S$80 cash credit for new members with S$400 of spend in the first month
Cons of Maybank Horizon Platinum Visa Card
- Limited perks
- S$25 fee for converting miles
- 2 miles for every S$1 spent on petrol & dining on weekends expiring in July, not clear what will happen afterwards
To help you find your ideal rewards card, we have compared an contrasted each of the Maybank cards with similar cards from other banks. Most of these cards offer fantastic rewards in that cater to people with different needs.
Maybank Horizon Platinum vs HSBC Advance
HSBC Advance Visa Platinum Card is another great travel card without an annual fee. Its annual fee, however, does not require a minimum spend level to qualify for the fee waiver; its fee is waived perpetually unconditionally. These two cards' biggest difference, then is their reward system. HSBC Advance definitely wins on local dining, entertainment and online travel bookings because it offers 4 miles per S$1 spent on these categories. However, Maybank Horizon is still better in categories like overseas expenditures (2 miles vs 0.4 miles from HSBC Advance) and foreign transaction fee (1% vs 1.5% from HSBC Advance). Both cards have excellent value propositions for people with modest budgets. However, Maybank Horizon may be more suitable for customers who spend a considerable portion of their time and money outside of Singapore. On the other hand, HSBC Advance makes more sense for people who will be spending most of their money locally especially on dining and entertainment.
Maybank Horizon Platinum vs OCBC Titanium
OCBC Titanium is a decent air miles card designed for frequent travelers with average income. While its annual fee waiver only requires a S$10,000 of annual spend, OCBC Titanium does not particularly distinguishes itself from the crowd on other fronts. Although it is a quite decent travel awards card, we think there are other cards that might represent better value for despite your needs and spend level. We suggest exploring other cards like Citi PremierMiles Card or HSBC Advance Card.
*ValuePenguin calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValuePenguin's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.