Maybank cards split into two camps: cashback and miles. The headline card most people search for is the Family & Friends Card, and in 2026 it works differently from the version every old review describes. From 1 January 2026 Maybank halved the rate at the old spend level: hit S$800 a month and you now earn 6%, not 8%, and you need S$1,600 a month to get the full 8% on your five chosen categories. The rest of the range runs from the XL Cashback Card for under-40s, through the Platinum Visa for low spenders, to the Horizon and World Mastercard for travel. This guide lays out every current Maybank card, the real cashback tiers and caps, the fees Maybank does not lead with, and which card pays you most for how you actually spend.
Maybank runs a fairly tight credit card line-up in Singapore, with a cashback core and a smaller miles wing. The cashback cards are the Family & Friends Card, the XL Cashback Card and the Platinum Visa; the miles and travel cards are the XL Rewards, Horizon Visa Signature and World Mastercard. There are also two football-branded cards (Manchester United and FC Barcelona) that are flat-rate cashback cards with a sporting skin.
The table below is the fastest way to see which card fits before you read the detail. Fees and rates are date-stamped because Maybank revises them, and the Family & Friends Card was revised this year. If you are new to how cashback caps and minimum spends interact, our cashback credit cards guide explains the mechanics that apply across every bank, not just Maybank.
| Card | Headline rate | Min. income | Annual fee | Best for |
|---|---|---|---|---|
| Family & Friends Card | Up to 8% on 5 of 10 categories | S$30,000 | S$196.20 (3-yr waiver) | Category-heavy spenders over S$1,600/mo |
| XL Cashback Card | 5% on Dine, Shop, Travel, Play | S$30,000 | S$87.20 | Under-40s, S$80/mo cap |
| Platinum Visa | Up to 3.33% on all spend | S$30,000 | S$20 (first 3 yrs free) | Low, broad spenders from S$300/mo |
| XL Rewards Card | 4 miles/dollar in key spend | S$30,000 | S$87.20 | Under-40 miles starters |
| Horizon Visa Signature | 2.8 miles overseas, 1.2 local | S$30,000 | S$196.20 | Travel and air-ticket spenders |
| World Mastercard | 4 miles/dollar at select merchants | S$80,000 | S$261.60 | Higher earners wanting lounges |
This is the change that breaks most older guides. Before 2026, you earned 8% on your chosen categories once you spent S$800 in a calendar month. Maybank kept the S$800 entry point but cut the rate it buys. As of June 2026, spending S$800 to under S$1,600 a month earns 6%, and you must hit S$1,600 a month to earn the full 8%. The minimum spend for the top rate effectively doubled.
Two more changes landed at the same time. The Pharmacy category was removed, so Guardian, Watsons and Unity no longer earn the bonus rate, and an Automotive category was added by splitting the old Transport bucket into Commute and Automotive. Groceries was also capped at 6% even at the higher tier, so you cannot earn the full 8% on supermarket spend. Verify the live terms in Maybank's cashback programme T&Cs before you plan around any single category, since the category list moves.
The rate is only half the story; the caps decide your real return. There is a per-category cap and a total monthly cap, and both scale with your tier. At the S$800 tier each category is capped at S$20 of cashback (so roughly S$333 of qualifying spend per category earns the bonus), and total monthly cashback is capped at S$120. At the S$1,600 tier each category cap rises to S$30 (about S$375 of qualifying spend) and the total monthly cap rises to S$180.
Run the numbers and the card rewards concentrated, planned spend, not a big random month. To extract the full S$180 you need meaningful spend spread across all five categories, not S$1,600 dumped into one. The table shows what each tier realistically pays. Before committing to S$1,600 a month, sanity-check it against your actual outgoings with our monthly budget calculator so you are not overspending just to chase rebate.
| Monthly spend | Bonus rate | Per-category cap | Total monthly cap |
|---|---|---|---|
| Under S$800 | 0.3% base only | n/a | Uncapped at 0.3% |
| S$800 to under S$1,600 | 6% on chosen 5 | S$20 each | S$120 |
| S$1,600 and above | Up to 8% on chosen 5 | S$30 each | S$180 |
You choose five categories and can change them every three months. As of June 2026 the list is below. A merchant earns the bonus only if its MCC (merchant category code) sits in your chosen bucket, so a cafe coded as a bakery may not pay the dining rate. Our note on how MCC codes decide your cashback explains why two similar shops can pay different rates.
The Family & Friends Card carries an annual fee of S$196.20, waived for the first three years. After that, Maybank waives it on a rolling basis only if you spend at least S$18,000 in a card year (which is S$1,500 a month, comfortably below the S$1,600 you would already spend to chase 8%). The retail interest you pay if you revolve a balance runs at an effective rate of around 27.9% per annum, the same order as other unsecured cards in Singapore. Read what that figure actually costs before you ever carry a balance in our explainer on effective interest rate (EIR).
Eligibility is the standard Maybank line. You need S$30,000 a year for Singapore citizens and permanent residents (foreigners typically face a higher bar) and to be at least 21 for the principal card. The card is a poor overseas pick on price alone: foreign-currency transactions carry a fee of about 3.25%, which eats most of the cashback you would earn abroad. The MYR and IDR 8% category is the exception, which is why this card is genuinely useful for Malaysia and Indonesia trips but not for spending in other currencies.
If the Family & Friends Card's S$1,600 hurdle is too high for you, the other Maybank cards cover different spend profiles. The XL Cashback Card pays a flat 5% on its Dine, Shop, Travel and Play categories with a S$500 monthly minimum, but it caps bonus cashback at S$80 a month and is open only to applicants aged 21 to 39. The Platinum Visa is the low-spender pick: up to 3.33% on all local and foreign spend from just S$300 a month, capped at S$100 a quarter, with a token S$20 annual fee that is free for three years.
On the miles side, the Horizon Visa Signature targets travellers with 2.8 miles per dollar on overseas and air-ticket spend and travel insurance cover, while the World Mastercard pushes 4 miles per dollar at selected merchants but demands S$80,000 income and charges S$261.60 a year. Both are niche next to specialist miles cards; if miles are your goal, compare the wider field in our best miles credit cards guide rather than defaulting to your existing bank.
Get the Family & Friends Card if you reliably spend S$1,600 a month across dining, transport, online shopping and the other bonus categories, and you can change your five picks each quarter to match. At S$1,600 and full S$180 cashback you are netting around 11.25% back on the qualifying portion, which still beats most flat-rate cards. Below S$1,600 the 6% rate and S$120 cap make it ordinary, and below S$800 it collapses to 0.3%.
Pick the Platinum Visa instead if your spend is low or unpredictable, the XL Cashback Card if you are under 40 and your spend fits its four fixed buckets, and a dedicated travel card over the Horizon or World Mastercard unless you bank with Maybank already. Map any of these against the wider market in our best credit cards in Singapore guide, and if you are picking your very first card, start with the guide to applying for a credit card in Singapore.
Yes, but the spend needed changed. From 1 January 2026 you earn 8% on your five chosen categories only if you spend at least S$1,600 a month. Spending S$800 to under S$1,600 now earns 6%, and spending below S$800 earns a flat 0.3% base rate.
You choose five categories from a list of ten, including dining, groceries, online shopping, commute, automotive and beauty and wellness. You can change your five picks once every three months, and groceries is capped at 6% even at the higher S$1,600 spend tier.
The cap depends on your tier. At S$800 to under S$1,600 a month, cashback is capped at S$20 per category and S$120 in total. At S$1,600 and above, the cap rises to S$30 per category and S$180 in total per calendar month.
The Maybank Platinum Visa Card suits low or unpredictable spenders. It pays up to 3.33% on all local and foreign spend from a minimum of S$300 a month, capped at S$100 a quarter, and charges only a S$20 annual fee that is waived for the first three years.
Yes. The Family & Friends Card charges about 3.25% on foreign-currency transactions, which erodes the cashback you earn overseas. The exception is Malaysian ringgit and Indonesian rupiah spend, which earns 8% cashback, making the card useful specifically for Malaysia and Indonesia trips.
This is general financial information for Singapore, not personal financial advice. Figures change — verify current rates against the official sources above before acting. See our full disclaimer.