BestCreditCards.sg's Review of Maybank Family & Friends Card
|Highlights||Credit Card Feature|
|Things We Like||Earn up to 8% cash rebates|
|Our Least Favourite||There is a cap on amount of cash rebates you can earn|
|Our Verdict||Good cashback card for families|
- Earn 8% cash rebates on groceries, transport and selected merchants with min. S$1,000 spend per calendar month.
- Otherwise, earn 5% cash rebates at the same merchants with min. S$500 spend per calendar month.
- Unlimited 0.3% cash rebates on all other purchases
- 3-year fee waiver
- Enjoy 3X interest on your child's savings with Maybank Family Plus when you spend on your Maybank Family & Friends Card.
- Discounted and complimentary access to JetQuay.
- Free supplementary card
- Annual Fee
- Minimum Income
S$30,000 for Singapore Citizen or Singapore Permanent Resident
- Standard Interest p.a.
Maybank Family & Friends Card is a cash back credit card that lets you earn up to 8% cashback at many popular supermarkets, petrol stations and other merchants in Singapore (and Malaysia). Maybank markets this as a card geared towards family spending habits, and in our opinion Maybank Family & Friends Card cardholders do benefit from good cashback on everyday purchases and a nice range of annual and seasonal promotions on spending.
Most of all this card targets parents with young children, who want to get rebates on shopping and leisure activities. In this review of Maybank Family & Friends Card, we look at this card in detail and compare it to similar credit cards, to help you understand its benefits and costs.
Things We Like About Maybank Family & Friends Card
It gives you 8% cashback. You enjoy 8% cash rebates on purchases at selected merchants and outlets when you spend a minimum amount of $1000 per calendar month. Examples of eligible merchants include: Cold storage, Fairprice, leading petrol stations and hypermarkets (in Singapore and Malaysia), KFC Delivery, Pizza Hut Delivery, Toys "R" Us, Unity NTUC Healthcare outlets, Guardian and Watsons stores in Singapore, and Legoland Park and Waterpark tickets at the LEGOLAND® Malaysia Resort.
5% cashback if you spend $500 per month. We don't all spend $1000 per month using our credit cards. But if you charge just $500 to this card each month, you still earn 5% cashback at the selected merchants.
High cashback on taxi rides. You earn either 5% cashback (with $500 total monthly card spend) or 8% cashback (with $1000 monthly card spend) when you ride with Comfort/CityCab Taxi, Grab, Premier Taxi, Prime Taxi, SMRT Taxi or TransCab. If you ride taxis a lot, this cashback can add up to real savings.
Cash rebates on all purchases. Earn a 0.3% cash rebate on all other purchases.
Maybank privileges in Singapore, Malaysia, The Philippines & Indonesia. Take advantage of seasonal offers for theme parks, family attractions, travel, dining, retail and more! There are plenty of discount offers and rewards schemes all year round to save on spending in a variety of categories.
Our Least Favourite Things About Maybank Family & Friends Card
Cash rebates are capped. You can earn up to $600 cashback per year, which isn't bad, but if you spend a lot, you might find that limit a bit low. According to Maybank's terms and conditions, the maximum cash rebate you can earn under the 5% and 8% rebate schemes in any calendar month is S$50. That said, you can still earn cash rebates at the the prevailing basic rate of 0.3% once your S$50 cash rebate cap for the calendar month is reached.
How Other Cards Compare With Maybank Family & Friends Card
|Regular APR:||24% p.a.|
|Regular APR:||Until 31 August 2018, the interest rate is 25.92% p.a. This will be compounded if the monthly interest charges are not repaid in full. From 1 September 2018, the interest rate will be revised to 26.88% p.a.|
|Annual Fee:||S$160.50 (No annual fees for the first 2 years)|
Maybank Family & Friends Card gives you high cashback at merchants that many Singaporean families will spend a lot at. The discounts and privileges for family activities are more of a sideline.
Maybank Family & Friends Card performs well as a family rebates card thanks to the 8% cash rebate you get at a lot of everyday shopping destinations. Unless you spend a minimum of $500 a month, the rebate rate stays at 0.3%, so this card is only really worth it if you charge at least $500 of purchases to it every month. The fact that your rewards expire at the end of the calendar year means this card is best suited to you if you redeem your rewards regularly. If you shop at Cold Storage, Toys "R" Us and other merchants in the 5% rebate categories, or travel to Malaysia often for leisure and shopping, then this card can help you get a lot more for your spending.
See more Maybank credit cards.