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.

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.

Card comparison

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.