Maybank Platinum Visa Card For Cash Rebate: Review

The Maybank Platinum Visa Card provides up to 3.33% cash rebate for a minimum spend of S$300 in a month. This credit card is ideal for you if you’re on a tight budget. Charge your travel and retail purchases to your card and be rewarded.

Highlights:

• Earn cash rebates on local and overseas purchases.
• Get a discount on movie tickets.
• Get compliment travel insurance coverage.
• Transfer funds to any Visa card overseas at low interest rates.

Best suited to: Those who have a low monthly spend and like to earn cash rebates on all purchases.

Joining Perks and Signup Bonuses

• Receive a free Samsonite Orfeo 69cm Spinner worth S$240 if you apply for two new credit cards and a CreditAble account.
• If you’re a Singaporean, spend a minimum of S$500 on your card or withdraw that amount from your loan account within two months of sanction to activate this welcome gift.
• If you’re a foreigner, spend at least S$700 on your card to activate the gift.
• This promotion is exclusively available for first-time applicants and is available until stocks last.

Additional benefits

• Get 24/7 access to your monthly account eStatements for the past 12 months.
• Make payments easily through EzyPay, FlexiCash, FlexiPay, Posh EzyPay, Auto PayBills, and Fund Transfer.
• Transfer any amount to a Visa card overseas at low interest rates with the Visa Money Transfer facility.
• Make faster payments for all your purchases through contactless Visa payWave.
• Get a discount of S$3 on movie tickets at Shaw Theatres, valid for the first 600 redemptions each month.
• Charge at least S$500 to your card in a month in order to qualify for the SaveUp Programme and select from nine different products and services. You will also earn an interest of up to 3%.
• Visit our dedicated Maybank credit card promotions page for the latest offers available on your card.

Earning Cash Rebates

• Get a maximum cash rebate of S$30 in a quarter by spending S$300 in all the months of that quarter.
• Get a maximum cash rebate of S$100 in a quarter by spending S$1,000 in all the months of that quarter.
• Get a 0.3% rebate on any overseas spend. There is no minimum income criteria.
• Cash rebates earned will be credited directly into the principal card account in the following month.

Redeeming your Earned Cash Rebate

The cash rebate you earn will get credited to your account on a monthly basis. This rebate can be used to offset your next credit card bill.

Travel Insurance Coverage

• Get a comprehensive complimentary travel cover with this card.
• Charge all the tickets of a trip, including those of your spouse and your dependent child to your card to get this travel coverage.
• This policy is underwritten by Etiqa General Insurance.

Who All Will be Covered by the Insurance?

• You, the cardholder.
• Your family members which include:
  • Your spouse.
  • Your dependant children aged 23 or less.

Interest rates

Other Fee and Charges

• The magnetic stripe of your card has to be activated if you wish to use your card for POS transactions abroad.
• By default, the card is maintained in a deactivated state for security reasons.
• Follow the steps mentioned below to activate this feature:
  • Log in to your account and apply online.
  • Call the bank’s hotline.
  • Visit any of the bank’s branches in Singapore.

Please note – You can follow the same steps to deactivate the card once you are back in Singapore.

Instalment Payment Plans Available

Maybank offers three types of instalment payment options. They are:

• FlexiPay: Convert your retail purchases of at least S$300 into affordable instalment plans with tenurses of 6, 12, or 24 months with no interest rate. This plan has a low processing fee and is valid even at stores that do not accept card payments.
• 0% Instalment Payment Plan: Break down your retail purchases to interest-free instalment plans at more than 1,500 participating outlets. Spread out your repayments over a period of 6, 12, 24 and 36 months on spending a minimum of S$500.
• Posh EzyPay: Convert your payment of S$500 and above at select luxury brand outlets into interest-free instalment plans. You have the option to choose a tenure of 3 or 6 months with a low administrative fee.

Cash Withdrawal on the Credit Card

The daily cash withdrawal limit can be increased to a maximum of S$10,000 temporarily using an exclusive online feature called SpeedLink.

Eligibility Criteria

To know if you’re eligible for this card, visit our dedicated Maybank credit cards page.

• Report the incident to the bank by calling their hotline or writing a detailed letter.
• File a report with the police and submit a copy of the same to the bank, if asked to.
• Your liability for unauthorised transactions made on your card will be limited to S$100, provided:
  • Your weren’t grossly negligent as per the bank’s assessment.
  • You weren’t involved in the fraud - directly or indirectly - as per the assessment of the bank.
  • You informed the bank of the incident within a reasonable period from the time of its occurrence.

Looking for a credit card but not sure which card to opt for? Do you think a quick comparison of different cards on a single platform will help you? Go to our credit card comparison page and find out the differences yourself.