Min. Monthly Income
- Up to 3.33% cash rebates on local transactions
- 0.3% cash rebates on overseas spend
- Free from annual fee with a low interest rate of 15%
- Get a S$50 Cash Credit when you apply and spend!
Product Review by
So Much Fun Await!
Maybank Platinum Visa Card rewards you with the best cash rebates programme. If you charge your local purchase to this card, you will get up to 3.33% cash rebates. If you charge your overseas purchase to this card, you will get 0.3% cash rebates, with no minimum monthly cap. With this card, you will also get to enjoy movie with your loved ones at Shaw Theatres at discounted rate, which is S$3 off from the price. This card comes with insurance coverage when you charge travel related purchase to this card, with coverage of up to S$500,000. With Maybank Fund Transfer programme, you will get to enjoy repaying outstanding balances at 0% interest rate for first 6 months upon card approval. Processing fee is only 1.38% if your transfer amount is more than S$10,000; 1.68% if your transfer amount is more than S$5,000; and 1.88% if your transfer amount is more than S$2,000. If you prefer to repay your outstanding balances within the first 12 months, you will then need to pay for higher interest, which is 5.98% per annum, with minimum transfer amount of S$2,000. If you repay your outstanding balances within first 12 months upon card approval, the interest charge for repaying outstanding balances is 5.98% per annum.
Fees and Charges
Quarterly annual fee of $20 is waived for first 3 years. If minimum monthly payment is received from you by payment due date, which is considered as prompt payment, then you are entitled for interest of 15% per annum. If no minimum monthly payment received by payment due date, you will need to pay your outstanding balances with interest of 24% per annum. Minimum monthly payment is S$20 or 3% of outstanding balances, whichever is greater, plus amounts exceed credit limit and overdue amounts. You would be penalised on late payment, with minimum charge of S$50, or 5% of minimum monthly payment. If you withdraw cash from ATMs, you will be charged for S$15, or 5% of withdrawn amount.
Are You Eligible For Maybank Platinum Visa Card?
To apply Maybank Platinum Visa Card, you must be 21 years and above. If you are a Singaporean or Singapore permanent resident, your monthly income must not less than S$2,500. If you are foreigner who stays in Singapore, your monthly income must be S$5,000 and above. For supplementary card holder, you must be age 18 and above.
Looking for more options to choose from? Our credit card experts, also recommend you to check out other similar credit cards such as Maybank Family and Friends Platinum Card and ANZ Optimum World MasterCard Credit Card, which may match your requirements. If you prefer to broaden your credit card search, review more Maybank credit cards and start comparing today!