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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Cashback Health
Up to 3.33  %
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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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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

 

Other similar cards to consider

What are the benefits of the Maybank Visa Platinum Card?

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The Maybank Visa Platinum Card is ideal for low spenders; you can get up to 3.33% cashback on all your local and foreign currency spend with a minimum spend of S$300 per month in a quarter, and the cashback is capped at S$30.

You'll also receive S$100 and S$200 quarterly cashback if you spend S$1,000 and S$2,000 respectively per month in that quarter. 

Plus, it's also one of the few credit cards that earns you cashback for insurance premiums; you can earn up to S$200 cashback in a quarter. 

What is the difference between a Visa Platinum and a normal Visa?

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Visa credit cards come in three tiers: Platinum, Signature, and Infinite. Visa Platinum comes with basic features such as security and consumer protection, zero liability policy, and more. 

Meanwhile, Visa Signature is the next level up and comes with the same benefits included above as well as additional perks such as travel and emergency assistance services, and extended warranty protection. 

Lastly, Visa Infinite is the highest tier and comes with most of the benefits above, plus more perks like concierge services, auto rental collision damage waiver, and travel accident coverage. 

Can I use the Maybank Visa Platinum Card overseas?

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Yes you can. You'll earn cashback on foreign currencies as long as you spend an equivalent of S$300 per month in that quarter. 

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