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.
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Our Picks For the Best of Maybank Cards in 2017
The following cards are the best Maybank credit cards that we have handpicked for our readers. Each card has its distinct set of advantages and disadvantages that make them ideal for different types of people. Read our reviews to assess whether any of them meets your standard.
Best Golf Credit Card: Maybank World Mastercard
Maybank World Mastercard is easily the best credit card in Singapore for golfers. That's because it provides its cardholders complimentary green fees all year around at 79 world-class fairways in 15 different countries, by far the best deal available for golfers in the country. Not only that, it comes with mile and cash back rewards to cover a golfer's every major expenditure area: dining, petrol and travel expenses. Though this card comes with a relatively high annual fee of S$240, it's much cheaper to use than other luxury cards that come with worse golf privileges. Furthermore, Maybank World Mastercard's benefits are more than valuable enough to offset the annual fee for people who golf at least once or twice a month.
Pros of Maybank World Mastercard
- 2 complimentary green fees per month at 79 world-class fairways in 15 countries
- 10X TREATS points (or 4 miles) per S$1 spent at select retail and dining establishments and all petrol stations in Singapore
- 19.1% savings on petrol with Corporate Fuel Program (including the 4 miles per S$1 spent on petrol)
- Up to 20% savings at select SPG Hotel and Resorts reataurants
- Complimentary VIP Access to JetQuay at Changi Airport
- Promotion: Complimentary Delsey Belfort 76cm 4-Wheel Trolley Case upon charging S$400 to your new card within the first month approval
Cons of Maybank World Mastercard
- S$240 of annual fee, 1 year waiver
- 0.4 miles (or 1 point) per S$1 spent on everything else
- Requires S$1,000 of spend in the previous calendar month to qualify for complimentary golf green fees
Maybank Horizon Visa Signature Card: No Annual Fee Miles Card
Upgraded from Platinum Visa to Visa Signature, Maybank Horizon Visa Signature Card is an awesome miles credit card for people with a moderate monthly budget. If you are conscious of paying the upfront annual fees that most rewards credit cards charge, Maybank Horizon Visa Signature card provides a neat way of avoiding high annual fees while still earning air miles at a great rate. For instance, Maybank Horizon card's annual fee (S$150 per year) is waived every year for those who spend just S$1,500 on the card every month (S$18,000 per year).
Not only that, Maybank Horizon card will award 3.2 miles for every S$1 you spend on dining or on petrol, which is practically one of the best deals we've seen for these two categories. You can also earn 2 to 3.2 miles per dollar on your travel bookings and on the money you spend overseas. By providing great mile award rates for your travel expense as well as your daily needs, Maybank Horizon helps you build up miles while saving up on the annual fee you would otherwise have to spend with other cards.
Pros of Maybank Horizon Visa Signature Card
- Low annual fee of S$180, which is waived with S$18,000 of annual spend
- 2 miles for S$1 spent on air tickets, travel packages and foreign currency transactions
- 3.2 miles for every S$1 spent on petrol, dining, taxi fares and hotel bookings via agoda.com/horizon
- Complimentary access to selected VIP airport lounges
- Complimentary travel insurance when you charge your travel fares in full to the Card.
- Promotion: Apply for 2 new Maybank Credit Cards and CreditAble, and charge to your Credit Card and/or withdraw from your CreditAble Account a minimum of S$300 within the first month of approval to receive 1 pair of tickets to Universal Studios Singapore® and 2 pairs of tickets to Adventure Cove Waterpark™ worth S$304.
Cons of Maybank Horizon Visa Signature Card
- Only 0.4 miles for S$1 spent on everything else outside of travel, dining and petrol
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, transportation 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
- Up to 20.88% savings on petrol including merchant discount
- 8% rebate on transportation (taxis, bus and train rides)
- Up to 9.3% rebate on groceries including merchant discount
- 8% rebate on fast food delivery (i.e. foodpanda), and other retail transactions at special merchant outlets
- Above rebates apply in both Singapore & Malaysia
- Promotion: Universal Studios Singapore tickets & Adventure Cove Waterpark tickets worth S$304 if you apply for 2 new Maybank credit cards & CreditAble
Cons of Maybank Family & Friends MasterCard Credit Card
- No mile awards
- S$600 cap on annual cash rebate
- Low petrol rebates at 8%
Maybank Platinum Visa Credit Card: No-Fee Card for Low Income Consumers
Maybank Platinum Visa Card provides low-income consumers with an inexpensive way to save daily. While it charges no annual fee, it provides up to 3.33% in cash rebate for every dollar you spend in Singapore. Though it caps its total rebate at S$100 per quarter (S$400 per year), it's still one of the highest yielding cashback cards in the market for modest spenders with a monthly budget of around S$1,000.
Pros of Maybank Platinum Visa Credit Card
- S$0 annual fee, S$20 quarterly servicing fee waived if you use the card at least once every 3 months
- Up to 3.33% cash rebate on all expenditures (max S$100 per quarter)
- 0.3% cash rebates on overseas spend
- Travel insurance coverage of up to S$500,000
- Promotion: Up to 3% cash rebate when you charge all transactions in foreign currencies to your Maybank Platinum Visa Card (until 30 Sept 2017)
- Bonus: Apply for 2 new Maybank Credit Cards and CreditAble, and charge to your Credit Card and/or withdraw from your CreditAble Account a minimum of S$300 within the first month of approval to receive 1 pair of tickets to Universal Studios Singapore® and 2 pairs of tickets to Adventure Cove Waterpark™ worth S$304
Cons of Maybank Platinum Visa Credit Card
- Low cash rebate for consumers who spend meaningfully more than S$1,000 per month
- Can be tricky to optimise as its cash rebate differs depending on your monthly spending (S$100 quarterly cashback for at least S$1,000 of monthly spend, or S$30 quarterly cashback for at least S$300 monthly spending)
Summary of Best Maybank Credit Cards
In case you want a quick look at our picks, here are ValuePenguin's best Maybank credit cards.
|Best Maybank Cards||Summary||Annual Fee|
|Maybank Family & Friends Platinum MasterCard||Casback in Singapore & Malaysia||S$80.0|
|Maybank Horizon Visa Signature Card||Best Miles Card for Moderate Spenders||S$150.0|
|Maybank World MasterCard||Best Card for Golfers||S$240|
|Maybank Platinum Visa||No annual fee, up to 3.33% of cash back||S$0.0|
Similar Cards From Other Banks To Consider
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.
Furthermore, you should note that the dollar value can heavily depending on your spending habits. Therefore, it is very important to read through each card's review and assess if it fits your monthly budget and spending habits. There are also other "intangible" benefits like complimentary travel insurance and free access to airport lounges whose values are difficult to quantify but nevertheless incredibly valuable to some consumers.
Maybank Horizon vs HSBC Revolution
HSBC Revolution Card is another great travel card without an annual fee. Its annual fee, however, has an even lower spending requirement of S$12,500 to qualify for the annual fee waiver. HSBC Revolution card provides 2 miles per S$1 spent on dining, entertainment and online shopping (including travel bookings). For those who qualify for the HSBC Advance status, HSBC Advance card is an even better option than HSBC Revolution as it doubles Revolution card's 2 mile per S$1 spent to 4 miles. Maybank Horizon is still better in categories like dining, travel bookings, overseas expenditures and foreign transaction fee (1% vs 2.5% 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 Revolution and HSBC Advance makes more sense for people who will be spending most of their money locally especially on dining and entertainment.
Maybank Horizon vs Citi PremierMiles Visa Card
Citi PremierMiles Visa Card, in our opinion, is the best air miles credit card for the average consumer. Unlike Maybank Horizon, Citi PMV Card has a more general rewards program that can earn miles for every expenditure you may have. It earns 1.2 miles per S$1 spent locally and 2 miles per S$1 spent overseas. While this card costs S$192.6 of annual fee, it more than offsets this cost with a generous 10,000 bonus miles every year when you renew, as well as another 30,000 bonus miles when you spend S$10,000 within your first 3 months. If you don't mind paying the annual fee, this could represent the easiest way to rack up miles quickly.
Maybank Horizon vs DBS Altitude Card
DBS Altitude Card, like Citi PremierMiles Visa Card, offers a way to earn miles on every purchase. For every S$1 spend locally with DBS Altitude, you earn 1.2 miles. For every S$1 spend overseas, you can earn 2 miles. Unlike Citi PMV Card, however, DBS Altitude provides a waiver for your annual fee (S$192.6) as long as you spend S$25,000 on the card annually. While this limit is slightly higher than Maybank Horizon's, DBS Altitude can be a great alternative for those who are looking for a no-fee air miles card that is more general purpose than Maybank Horizon.
*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.