Maybank Platinum Visa Card

Maybank Platinum Visa Card

If you're not a big spender, the Maybank Platinum Card may be what you need — with just a min. spend of S$300 a month in a quarter; you'll receive up to 3.33% cashback, which is capped at S$30 per quarter.

For big spenders, you'll receive S$100 or S$200 quarterly cashback if you spend at least S$1,000 or S$2,000 per month respectively, in that quarter.

Moreover, it's also a card with very few exclusions; indeed, the Maybank Platinum Visa Card is one of the few credit cards which lets you earn rewards on insurance premiums. Your insurance payments can make up half of the monthly spend for each tier. For example, if you spend S$2,000 monthly in a quarter, your insurance payment is eligible for up to S$1,000 per month in a quarter.

What's more, it has a low annual fee of just S$20 per quarter, which is waived for the first three years. Automatic fee waivers will also be granted when you charge your card at least once every three months.

But that's not all, you'll also enjoy 20.05% fuel savings when you link your Diamond Sky Fuel Card to your Maybank Platinum Visa Card.

The Maybank Platinum Visa Card also comes with extensive travel insurance coverage; you can get up to S$500,000 in coverage when you charge your full travel package to your card.
Highlights
Benefits
Quick Facts
More Info
Guides
Eligibility
Fees
Others
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Highlights

Card benefit
 % cashback
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Annual Fee
S$ 20
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Monthly Spend Required
S$ 300
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Minimum Annual Income
S$ 30,000

Things to consider

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Local spending rebate

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Overseas rebate

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Annual Fee waiver

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Rebate cap applied

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Benefits

Cashback

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Cashback Base Rate
3.33  %
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Cashback Local
Up to 3.33  %
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flight
Cashback Overseas
Up to 3.33  %
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luggage
Cashback Travel
Up to 3.33  %
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restaurant
Cashback Dining
Up to 3.33  %
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Cashback Supermarket
Up to 3.33  %
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local_gas_station
Cashback Petrol
Up to 3.33  %
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Cashback Retail
Up to 3.33  %
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Cashback Local Online Shopping
Up to 3.33  %
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Cashback Overseas Online Shopping
Up to 3.33  %
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health_and_safety
Cashback Health
Up to 3.33  %
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domain
Cashback Department Store
Up to 3.33  %
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Cashback Digital Wallet
Up to 3.33  %
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Cashback Insurance
Up to 3.33  %
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Cashback Online Bill Payment Spending
Up to 3.33  %
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contactless
Cashback Contactless Spend
Up to 3.33  %
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commute
Cashback Transport
Up to 3.33  %
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Quick Facts

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Get up to 3.33% cash rebate on all your local and foreign currency spend.

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Earn up to 3% p.a. with the Maybank Save Up Programme, with spends on this credit card being one of the categories.

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Complimentary travel insurance coverage of up to S$500,000.

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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.

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No quarterly cashback if minimum monthly spend is below S$300 each month in a quarter.

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Cashback cap: S$100 per quarter.

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Eligibility

Eligibility

Minimum Age
21  years old
Minimum Annual Income
S$ 30,000
Monthly Spend Required
S$ 300
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Fees / Repayment

Fees

Annual Fee Waiver
3 years
Annual Fee
S$ 20
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Foreign Currency Transaction Fee
3.25  %
Cash Advance Service Charge
S$ 15
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Repayment

Minimum Payment
3  %
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Late Payment Charge
S$ 100
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Interest on Purchase
26.9  %
Interest on Cash Advance
26.9  %
Interest Free Period
20  days
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Others

Association

VISA Platinum

Supported Payment Type

Apple Pay

Samsung Pay

Tags

Maybank Platinum Visa Card Maybank Platinum Visa Card

Maybank Platinum Visa Card

  • Up to 3.33% cashback on your local eligible spend with no complicated conversions.

The Maybank Platinum Visa Card is designed for individuals who want straightforward cashback on their everyday purchases. Cardholders can earn up to 3.33% cashback on all local eligible spend, provided they meet the minimum monthly spend and transaction requirements. The card also comes with annual fee waivers for the first three years and worldwide acceptance, making it a simple yet rewarding choice for cost-conscious spenders who prefer clarity over complex reward structures.

Minimum monthly spend

Maximum awarded cashback

S$300 (minimum S$90 on selected categories)

S$30

S$1,000 (minimum S$300 on selected categories)

S$100

S$2,000 (minimum S$600 on selected categories)

S$200

Selected categories include transactions for insurance payments, medical services, education, rental, and professional services.

 

Maybank Platinum Visa Card at a glance

Air miles/Cashback

4/5

  • Earn up to 3.33% quarterly cashback on local spend.
  • To unlock the full rate, cardholders must meet the minimum monthly spend in selected categories (insurance payments, medical services, education, rental, and professional services) on top of the minimum general spend.
  • Straightforward, flat-rate cashback — no need to select categories.

Overseas spending

2/5

  • No boosted rates for specific currencies, unlike the Maybank Family & Friends Card.
  • Standard 3.25% FX fee applies, making it less rewarding for foreign spend.
  • Better suited for local cashback than travel use.

Travel

1/5

  • No complimentary lounge access.
  • No travel insurance included.
  • No concierge or travel perks — this is strictly a local cashback card.

Bill payment

4/5

  • Insurance, education, medical expenses, rental, and professional services are included in the cashback scheme.
  • To qualify for the 3.33% cashback, at least 30% of your minimum monthly spend each month in the quarter must come from this category.
  • Offers households a way to earn rebates on recurring bills.
  • Requires consistent spend distribution to maximise returns.

Petrol

2.5/5 

  • Petrol spend counts towards the 3.33% cashback rate if you meet the monthly spend/transaction criteria.
  • A practical option for drivers who can consistently hit the spend threshold.

 

Annual interest rate and fees

  • Quarterly service fee: S$21.80 (inclusive of GST)
  • Fee waiver: 3-year waiver (waived subsequently when you charge to your card quarterly)
  • Interest-free period: 20 days
  • Annual interest rate: 27.9% p.a.
  • Late payment fees: 5% of minimum monthly repayment or S$100, whichever is higher.
  • Minimum monthly repayment: 3% of monthly outstanding balance or S$20, whichever is higher.
  • Foreign currency transaction fee: 2.25%
  • Cash advance transaction fee: 8% of amount withdrawn or S$15, whichever is higher.

Minimum income requirements

  • Singaporean/PR minimum income: S$30,000 
  • Malaysian minimum income (in employment for at least 1 year): S$45,000 
  • Foreigner minimum income (in employment for at least 1 year): S$60,000 

 

Why apply for the Maybank Platinum Visa Credit Card

Perks and benefits

  • Earn up to 3.33% cashback on all eligible local and overseas spend.
  • To unlock the full rebate, cardholders must spend at least S$300 per month for three consecutive months in a calendar quarter.
  • Compatible with contactless payments and mobile wallets such as Apple Pay, Google Pay, and Samsung Pay.

Additional benefits

  • Annual fee waived for the first 3 years.
  • Free supplementary cards for life.
  • Cashback credited directly — no need for points or miles conversion.
  • More accessible compared to premium cards, with a lower income requirement (S$30,000 for Singaporeans/PRs; S$45,000 for Malaysians, S$60,000 for foreigners).

Everyday value

  • A straightforward entry-level cashback card with simple mechanics.
  • Suited for consistent spenders who can meet the minimum monthly spend each quarter.
  • Works well for those who want predictable cashback without tracking categories.
  • Less attractive for frequent overseas travellers.

SingSaver’s take

The Maybank Platinum Visa Card is a straightforward cashback card that rewards consistent spenders with up to 3.33% cashback on all local and overseas transactions, provided you meet the minimum monthly spend requirement across each quarter. Cashback is capped at S$200 per quarter, which is still decent but lower than some competitors that cap monthly instead. 

The structure is simple — no need to track categories — making it ideal for those who prefer fuss-free rewards. However, the tiered spend condition and quarterly rebate cycle may feel restrictive, and frequent travellers might find better value in miles-earning cards. Overall, it’s a practical entry-level cashback card for everyday spenders who value consistency and predictability.

Pros Cons
✅  Earn up to 3.33% cashback on both local and overseas spend.
✅  Simple, fuss-free structure — no categories to track.
✅  Quarterly rebate cap of S$200 is decent for moderate spenders.
✅  Annual fee waived for the first 3 years.
✅  Free supplementary cards for life.
✅  Lower minimum income requirement (S$30,000 for Singaporeans/PRs).		 ❌  Cashback is capped quarterly, not monthly, which can feel restrictive.
❌  To get the maximum rebate, you must hit the minimum monthly spend every month in the quarter.
❌   No extra perks like lounge access, insurance, or travel privileges.
❌    Not ideal for high spenders, as rebate cap may be limiting.

 

Card comparison

Card

Miles/Rewards

Annual fee (principal)

Other perks

Maybank Platinum Visa Card

3.33% cashback with minimum monthly spend, capped at S$200 quarterly

S$21.80 quarterly service fee (waived for first 3 years)

Free supplementary cards, 

Maybank Family & Friends Card

8% on preferred categories (S$800 minimum spend) / 0.3% on all other spend

S$196.20 (waived for first 3 years)

Free supplementary cards, FX spend in MYR and IDR qualifies for bonus cashback

Standard Chartered Visa Infinite Card

Up to 3 miles per S$1 on overseas spend

~S$594 (Including GST)

6 visits per year to Priority Pass, strong travel insurance

 

The Maybank Platinum Visa Card stands out for its fuss-free 3.33% cashback on all spend with a quarterly cap of S$200, making it a simple, predictable choice for consistent everyday spenders.

 

Application process

  1. Click “Apply Now” on this page and follow the prompts.
  2. Alternatively, you may head down to a physical branch to apply.
  3. Wait for your card to be approved (typically within 14 business days).
  4. Upon approval, your card will be ready for immediate use, both physically and through your mobile wallet.

 

Frequently asked questions about Maybank Platinum Visa Card

What are the benefits of Maybank Platinum Visa?

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The Maybank Platinum Visa offers up to 3.33% cashback on eligible spend when you meet the monthly spend requirement each quarter, capped at S$200 per quarter. It comes with added perks that include three years of fee waivers, free supplementary cards, and mobile wallet compatibility.

Which card is better, Visa or Visa Platinum?

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Visa Platinum is generally better than a standard Visa card as it provides higher cashback potential, more perks, and greater protections, though its value depends on whether you meet the spending and income requirements.

Who qualifies for a Visa Platinum Card?

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While this will differ from card to card, you must be at least 21 years old with a minimum annual income of S$30,000 for Singapore Citizens/PRs (S$45,000 for Malaysians, S$60,000 for foreigners) to qualify for a Maybank Visa Platinum Card.

What is the annual fee for a Visa Platinum Card?

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The Maybank Platinum Visa Card charges a quarterly fee of S$21.80 (inclusive of GST), waived for the first three years and usually waived thereafter with regular card use.

Related pages

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