• Maybank Horizon Platinum Visa Card

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    Maybank Horizon Platinum Visa Card

    Maybank Horizon Visa Signature Card Promotion

    The cardholders of Maybank Horizon Visa Signature Card can use the following promotions:

    • Cardholders can get 200 Chope-Dollars and 1-for-1 buffet offers when they reserve through Chope. This promotional offer is valid till September 30, 2017.
    • Cardholders of Maybank Visa Infinite can enjoy a discount of 20% on booking tickets for performances of the Singapore Dance Theatre. Early birds can get a discount of 15% on booking tickets to the performances using a Maybank Horizon Visa Signature credit card. This offer is valid till December 10, 2017.
    • Cardholders can get a 10% discount on the total bill at Amara Singapore Element on using the Maybank Horizon Visa Signature Card. This offer is available till December 31, 2017.
    • Cardholders can get an exclusive rebate worth 12.5% at Paradise Group of Restaurants. This discount is applicable at all Paradise Group of restaurants except One Paradise and LeNu. This promotional offer is valid till April 28, 2017.  
    • Cardholders can get 30% discount on booking tickets to Legoland Malaysia Theme Park and Water Park combined ticket while booking tickets online or onsite using Maybank Horizon Visa Signature Card.
    • Cardholders can get a discount worth 8% with no minimum spend only on Thursdays at Lazada.SG. They have to use the promo code MBTERRIFIC. New customers can enjoy a discount of S$10 on a minimum spend of S$50 by using the promo code MBNEW17. This promotional offer is valid till June 30, 2017.
    • Cardholders can enjoy up to 20% discount on dining at SPG Hotels and Resorts Singapore on using Maybank Horizon Visa Signature Card. This offer is valid from April 1, 2017 to March 31, 2018.
    • Cardholders can get 10% off at all the branches of Club 21 and free-standing boutiques in Malaysia. This offer is valid till September 31, 2017.

    Maybank Horizon Platinum Visa Card

    Maybank’s Horizon Platinum Visa Card is a travel credit card that gives multiple rewards. It can be used with equal flair in shopping, beauty and wellness, travel and leisure activities. Ideal for frequent travellers, this card also gives you exclusive discounts, travel privileges and rewards that you can redeem for a variety of purchases.

    Features Of Maybank Horizon Platinum Visa Card

    • You can be part of the Maybank Frequent Flyer Programme for free.
    • The annual fee for this card will be waived off if you spend at least S$12,000 in a year.
    • There is no annual fee ever for 2 supplementary cards.

    Rewards

    • 5 TREATS Points with every S$1 spent on flight tickets, travel packages and overseas transactions in foreign currency. These 5 points are equal to 2 air miles.

    These TREATS points are valid for approximately 1 year and will expire at the end of the quarterly period in which they were gained. For example, if you earned 200 TREATS points on October 12, 2016, it will be valid until the end of December 2017. If you want to make the most of the rewards programme, you can enrol into the Maybank Rewards Infinite scheme, which allows you to hoard your TREATS points infinitely (capped at 1 million points), and a 50% discount on TREATS redemption value in your birthday month.

    You can convert your TREATS points to air miles at a conversion fee of S$25, or redeem the points for products and services. The redemption can be done through online banking, Website Redemption on Maybank Singapore portal, phone banking 1800-629 2265 (in Singapore) or +65 6533 5229 (outside Singapore), or by downloading the redemption form from the website, filling it up and sending it to Cards and Unsecured Credit, Maybank, Robinson Road P.O. Box 788, Singapore 901538. This redemption process could take up to 14 working days to complete.

    You can present the redemption voucher at the stores where such vouchers are accepted, at the time of payment. The TREATS programme comes with special rewards every year, which can be viewed on the product catalogue on the Maybank website. The catalogue includes deals in shopping, dining, home appliances, gadgets, travel, entertainment, and fuel sectors. You could also convert the reward points into cash.

    Benefits Of Maybank Horizon Platinum Visa Card

    • Free access to selected Ambassador Transit Lounge and Plaza Premium Lounge at Singapore Changi Airport, Kuala Lumpur International Airport and Hong Kong International Airport, when you buy flight tickets or travel packages worth a minimum of S$400 in 1 transaction, at least 3 months before you’re travelling.
    • 20% discount on walk-in rates at participating Plaza Premium Lounges for 1 other person accompanying the primary cardholder, such as a spouse, parent, child, sibling or friend.
    • Access to promotional deals in dining, leisure, entertainment, shopping, travel and other spends.

    Insurance Provided By The Card

    If you pay for your travel package and air tickets – including those of your spouse and dependent children under the age of 23 – using the Maybank Horizon Platinum Visa card, you are eligible for free travel insurance coverage of up to S$1 million. The protections available are:

    Accidental death or Total Permanent Disablement when using public transportation during your holiday Up to S$1,000,000
    Missed Flight Connection Up to S$400
    Luggage Delay Up to S$400
    Luggage Loss Up to S$1,000

    Instalment Payment Plans

    The three instalment payment plans that Maybank offers for the Horizon Platinum Visa Card are:

    1. EzyPay: This plan allows you to spread out the payments for transactions higher than S$500 at selected outlets, at zero interest. This can be paid back in instalments over a period of 3 to 36 months. The interest rate is waived off only if you pay the entire instalment amount before due date. Delayed payments will attract the usual credit card finance charges.
    2. Posh EzyPay: This plan works just like EzyPay, but is to be used only at participating luxury brand boutiques for a minimum purchase of S$500. The repayment duration is 3 to 6 months.
    3. FlexiPay: This plan can be used for any purchase, at any outlet, with transactions of at least S$300, even at stores that do not take credit cards. The repayment periods and applicable interest rates are:
    Duration Effective interest rate Processing fee
    6 months 14.02% S$30
    12 months 13.5% S$30
    24 months 16.14% S$30

    TREATS points will not be accrued on payments that are converted into any of the instalment payment plans.

    Fees And Charges:

    Annual fee S$150
    Supplementary card fee Free for life (2 cards)
    Interest rate (annual) 24%
    Late payment charges 5% of the minimum due or S$50, whichever is higher
    Cash advance fee 5% or S$15, whichever is higher
    Interest on cash advance (annual) 24%
    Interest-free period 23 days

    Overseas Use Of The Card

    Foreign currency transactions are subject to an administrative fee of 2.5% – 1.5% charged by Maybank and 1% charged by Visa, while a currency conversion charge of 1% is applicable when you pay for purchases overseas using Singapore dollar.

    Cash Withdrawals:

    Maybank allows its credit cardholders to withdraw cash from their credit card – a kind of term loan - if they need money urgently. The money can be withdrawn from Maybank’s local or overseas ATMs, from the bank branches, or through transfer of funds from the credit card to any bank account using Maybank’s Dial-A-Transfer service. The amount you can withdraw is linked to your available credit limit. Other credit card-based loan options available with Maybank are CreditAble and FlexiCash. CreditAble is a personal line of credit that allows you to borrow up to 4 times your monthly income at a time. FlexiCash is an instalment loan that gives you loan at an interest rate of just 5.88% per year, and is approved within 3 working days.

    How To Apply For Maybank Horizon Platinum Visa Card

    You can place a request to get the Maybank Horizon Platinum Visa Card in 2 ways:

    1. Online application: For online application, you can go to the Maybank website, select the card, fill in your personal and contact information, income and employment details, and upload the relevant documents. The bank will call you to complete the application process.
    2. Offline application: You can walk into any Maybank branch with the required documents and apply for a credit card.

    Eligibility Criteria For Maybank Horizon Platinum Visa Card

    • Minimum age: 21 years for primary cardholder, 18 years for supplementary cardholder
    • Minimum income:
      • Singaporeans & permanent residents: S$30,000
      • Malaysian Citizen in employment for at least 1 year: S$45,000
      • Foreigners in employment for at least 1 year: S$60,000

    Documents Required:

    • Salaried individuals:
      • Photocopy of NRIC (front and back)
      • Income documents such as last 12 months’ CPF contribution history, latest computerised payslip, or latest Income Tax Notice of Assessment
    • Self-employed individuals, freelancers, part-time employees:
      • Photocopy of NRIC (front and back)
      • Last 2 years’ Income Tax Notice of Assessment
    • Foreigners:
      • Passport
      • Employment Pass with at least 6 months’ validity
      • Utility bill or bank statement with residential address
      • Company letter stating proof of at least 1 year of employment
      • Income documents such as last 12 months’ CPF contribution history, latest computerised payslip, or latest Income Tax Notice of Assessment
    • Supplementary card:
      • Photocopy of card applicants NRIC (front and back)

    Repayments:

    You have to pay, every month, at least 3% of outstanding balance or S$20, whichever is higher. Any past dues from the previous months also have to paid apart from the minimum amount. If you make payments after the due date, you have to pay a fee of 5% of the minimum payment due or S$50, whichever is higher. You can pay your credit card bills in one of the following ways:

    1. At AXS Stations or AXS Station QuickBill counters at Cheers or FairPrice Xpress convenience stores
    2. At SingPost SAM counters
    3. By cash at any Maybank branch
    4. By cheque, mailed to the bank, with your credit card number as the payee
    5. Through Maybank ATMs if you have a Savings or Current account with the bank
    6. Via Maybank Cash Deposit Machines
    7. Using online banking
    8. By activating recurring Interbank GIRO transfer

    Reporting Lost/Stolen Credit Cards:

    The Association of Banks in Singapore (ABS) has set guidelines on how to deal with stolen or lost credit cards and the customer’s liability in such a situation. These guidelines are:

    • As soon as you discover that your credit card is missing – either stolen or lost or misplaced – inform the bank right away.
    • If the card has been stolen, also inform the police.
    • If your card is used by someone else fraudulently before you are able to report the loss, the maximum liability you have towards the bank is S$100.
    • This minimal liability of S$100 is revoked if it is proved that the card was compromised because of your negligence or you were part of the fraud in some way, or you failed to inform the card issuer about the loss immediately.

    It would be best if you take utmost care in physical and virtual handling of your credit card, and follow safe transaction procedures always.

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