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Maybank Horizon Visa Signature Review: Amass Miles Over Dining And Regular Commutes

SingSaver team

SingSaver team

Last updated 14 September, 2020

Giving 3.2 miles per dollar for dining, petrol and transportation, the Maybank Horizon Visa Signature card is, hands down, one of the best miles cards in terms of local spends. 


If you regularly spend on dining, petrol and taxi fares (includes ride-sharing services), consider the Maybank Horizon Visa Signature card for its market-leading 3.2 miles per $1 local spend. Traveling overseas will earn 2 miles per $1 spend on air tickets including travel packages and foreign currency transactions. 

The best part? The annual fee of $180 is waived for the first three years.

What the Maybank Horizon Visa Signature card can do for you

Maybank Horizon Visa Signature card product summary:

  • Local spend: 3.2 miles per $1 spend for dining, petrol and transport
  • Overseas spend: 2 miles per $1 spend
  • Income requirement: $30,000 (Singaporeans/PR), $60,000 (Foreigners)
  • Minimum age: 21
  • Annual Fee (Waiver): $180 (First 3 years waived)
Pros Cons
3.2 miles per dollar on local dining, petrol, taxi fares and ride-sharing 0.4 miles per dollar on general spend
2 miles per dollar for overseas spend Minimum monthly spend of $300 to earn bonus TREATS Points
3 year fee waiver of annual fee of $180 (Subsequent annual fee waived with minimum annual spend of $18,000) Total bonus TREATS Points is capped at 30,000 per calendar month 
Complimentary travel accident insurance of up to $1 million when you charge your travel fares in full to the card Limited complimentary airport lounge access and subject to a single retail transaction of $1,000 within 3 months prior to the date of travel

Why should you choose the Maybank Horizon Visa Signature credit card?

#1: Earn miles by eating out, refueling your car and travelling around Singapore

Maybank Horizon Visa Signature card offers a generous 3.2 miles per dollar local spend (8X TREATS Points) on dining, petrol, taxi fares and Grab. This miles earn rate is applicable to all restaurant dining and petrol stations in Singapore. This would appeal to locals who head out frequently.

You also earn 3.2 mpd for contactless public transport (bus/train) charges to your card, as well as rides with selected taxi service providers, namely Comfort and CityCab, Premier Taxis, Prime Taxi, SMRT Taxis, Trans‐Cab and Grab.

#2: No annual fees for three years

Although most credit cards offer annual fee waivers to entice new customers to sign up, Maybank Horizon Visa Signature card offers a generous three year annual fee waiver, equivalent to $540 in savings. The subsequent annual fee of $180 can be waived if you spend a minimum of $18,000 per year. In other words, after the first three years, you’ll have to ensure you’re comfortably spending at least $1,500 per month if the annual fee is a bugbear. 

#3: Get rewarded for overseas travel spend

The Maybank Horizon Visa Signature card offers 2 miles per dollar spent on your vacation. This includes your air tickets, regardless of which airline you choose to book with, be it a budget carrier or a major airline. This 2 mpd earn rate is extended to travel packages with any travel agency — perfect for travellers that still prefer following a tour group when travelling overseas. 

You also get 2 mpd on all foreign currency transactions, whether it's on your online shopping purchase or when spending overseas. Lastly, be it a local staycation or a trip overseas, earn 3.2 mpd on your hotel bookings on Agoda. 

#4: Enjoy travel insurance coverage of up to $1,000,000

Chances are, you need additional travel insurance for your family members to protect them while in transit to your dream vacation. To do so, you’ll just have to charge your full travel fares (including the fares of your spouse and dependent children under the age of 23) to your Maybank Horizon Visa Signature card to get up to $1 million in complimentary travel insurance, in the event of death or permanent disablement. This travel insurance also covers missed flight connections, luggage delay and luggage loss.

Maybank Credit Card Welcome Gift: Receive a Samsonite Harts 68/25 Spinner (worth S$500) when you apply for both a credit card & a CreditAble account and make a min. spend of S$300 per month for 2 consecutive months. Valid for the first 4,500 applicants. The remaining applicants will score S$100 cashback instead. T&Cs apply.


For whom is the Maybank Horizon Visa Signature card best for?

Whether you take public transport, ride a taxi or book a Grab, the Maybank Horizon Visa Signature will reward you with 3.2 mpd for transport. If you have your own car, you’ll also earn 3.2 mpd on top of prevailing petrol station discounts. Beyond transportation, the Maybank Horizon Visa Signature card is also perfect for those that dine out frequently, reaping 3.2 mpd when you pick up the tab. 

With the three years annual fee waiver, this card also appeals to users that do not want to pay a fee for the use of their credit card. 

What charges or fees should you look out for?

  • Annual fee: $180 (first three years waived) 
  • Late payment charge: 5% of the minimum payment due or $80, whichever is higher
  • Minimum monthly payment: 3% of outstanding balance or $20, whichever is higher, plus any outstanding amount 
  • Overlimit fee: $40 if the total outstanding card balance exceeds the total credit limit at any time
  • Interest on purchases: 25.9% p.a.
  • Interest on cash advance: 25.9% p.a.

Eligibility criteria

  • At least 21 years of age
  • Minimum annual income for Singapore citizens and PRs: $30,000 
  • Minimum annual income for Malaysia citizens (in employment for at least 1 year): $45,000
  • Minimum annual income for foreigners (in employment for at least 1 year): $60,000 

How to apply? 

Click on the ‘Apply Now’ button on this page and complete the application form on SingSaver site. You might need to prepare the following documents for the application process:

  • Front and back of NRIC/Passport/Employment Pass
  • Salaried employees: Past 12 months CPF statement (Singaporean/PR) or latest Income Tax Notice of Assessment and latest original computerised payslip
  • Self-employed: Latest two years of Income Tax Notice of Assessment and latest original computerised payslip
  • Foreigners: Utilities bill or bank statement with residential address and company letter stating proof of employment of at least 1 year

Read these next: 
Top 6 Air Miles Credit Cards In Singapore 2020
DBS Altitude Card Review: Fulfill Wanderlusts With Expiry-free Miles
UOB PRVI Miles Credit Card Review (2020): Entry-level Pick For Privy Travellers
Why Citi PremierMiles may be the most useful miles card in Singapore
Cashback vs Miles vs Rewards: Which Is The Best Type Of Credit Card For You?

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