BestCreditCards.sg's Review of Maybank World MasterCard
|Highlights||Credit Card Feature|
|Things We Like||Earn 10X TREATS Points on petrol and at selected merchants|
|Our Least Favourite||High annual minimum income requirement|
|Our Verdict||Great card for travel and exclusive privileges|
- Golf as you travel worldwide and enjoy complimentary green fees at 86 world-class fairways, in 18 countries exclusively with your Maybank World MasterCard.
- World-Class Global Concierge
- MasterCard contactless payment lets you pay conveniently
- Exclusive 19.1% savings on petrol
- Complimentary Plaza Premium Lounge access. Terms and conditions apply.
- Enjoy Maybank TREATS privileges and promotions all year round across dining, retail, travel and lifestyle establishments.
- Complimentary travel insurance coverage of up to S$1,000,000 when you charge your air tickets or travel packages in full to your Maybank World Mastercard.
- Enjoy a host of attractive privileges in Singapore, Malaysia and Indonesia.
- Redeem your TREATS Points for a host of privileges such as vouchers and cash credits.
- Annual Fee
- Minimum Income
S$80,000 per annum
- Standard Interest p.a.
Maybank World MasterCard is a travel rewards card that lets you earn TREATS points which you can then redeem for cash credits, air miles or a lot of other rewards. Other advantages include travel insurance and hotel offers which are a plus if you travel often. But does this card really perform as a travel credit card? I've decided to dig through the details to find out how Maybank World MasterCard compares to similar cards from other issuers.
Things We Like About Maybank World MasterCard
Introductory annual fee waiver. You get a $240 annual fee waived for the first year, and 1 supplementary card free. After the first year the annual fee will be waived every year in which you spend at least $24,000.
Earn 10X TREATS Points at selected merchants. Cardholders can earn 10X TREATS Points with every $1 spent at participating outlets.
Earn 10X TREATS Points on petrol. You earn 10X TREATS Points when filling up at any petrol station in Singapore. If you drive a lot you can earn points fast!
Redeem TREATS Points for air miles. Redeem your TREATS Points for KrisFlyer Miles or Asia Miles with the Maybank Frequent Flyer Programme. The conversion rate is 2,500 TREATS Points = 1000 KrisFlyer Miles, enrolment is free and there is no conversion fee. This is a huge benefit, as many other banks charge a conversion rate which basically rips off a big chunk of your miles. For example UOB, which issues UOB PRVI Miles World MasterCard Card, charges a $25 conversion fee every time you convert points to frequent flyer miles. OCBC charges a $42.80 fee every year for unlimited miles conversions, but you may pay an additional fee equal to 2,300 OCBC$ when you convert points to KrisFlyer miles with certain OCBC cards. This Maybank card does not charge a conversion fee at all.
TREATS Points system. Earn TREATS Points when making transactions with your card at participating merchants. You will be awarded 1 TREATS Point for every retail dollar charged to your Maybank World MasterCard. Check your TREATS Points balance on your statement or online. TREATS Points can be redeemed for a huge range of rewards, cash credit or air miles. This can be done either online, by post, by phone or at participating outlets.
Complimentary Rewards Infinite membership. Cardholders can also earn TREATS Points faster with the Rewards Infinite program. This provides members with a number of additional perks such as the ability to earn 10X TREATS Points at an even larger selection of merchants. Members can also redeem selected gift items at 50% off the usual TREATS Points during their birthday month, and up to 200,000 TREATS Points per year. With Rewards Infinite TREATS Points also last longer, with unused points automatically being extended to the next year. Perks are subject to terms and conditions.
Complimentary airport lounge access. As a cardholder, you can look forward to enjoying a seamless travel experience as you indulge in the pleasures and comfort with your complimentary access to Plaza Premium Lounge. Terms and conditions apply.
Healthcare privileges. Cardholders can also enjoy a number of healthcare privileges with the Thomson Medical Group, including priority appointment booking around the clock.
Global concierge service. Allow the global concierge service to assist you with recommendations and bookings on any trips.
Complimentary travel insurance. You are entitled to travel accident insurance coverage of up to $1,000,000 if you charge your travel bookings to this card. charging air tickets or travel packages in full to their Maybank World MasterCard. You also get insurance coverage for lost baggage and delayed flights.
Our Least Favourite Things About Maybank World MasterCard
Minimum annual income requirement. To be eligible to apply for this card you must have a minimum annual income of $80,000.
If you're able to meet the $80,000 per annum minimum annual income then the Maybank World MasterCard could serve you well as a travel/exclusive privileges card. As one of Maybank's flagship cards it offers some pretty nice travel perks (insurance, special privileges) and international benefits. If you shop at TREATS partners or fill up at petrol stations in Singapore you can chalk up points pretty quickly, as you earn 10X TREATS points per $1 spent, which comes to 4 miles per dollar. Unlike most other Maybank credit cards, which charge a $25 conversion fee when you convert points to frequent flyer miles, this card doesn't charge a conversion fee so you really get a lot more value for your points. Surprisingly, the $240 annual fee waived for the first year isn't that high for a card with these benefits, although there are cheaper miles cards out there. Maybank World MasterCard also lets you redeem points for a lot of rewards in Malaysia, and provides a number of other privileges in Malaysia, so if you travel there regularly then this card will probably have a special appeal for you.
See more Maybank credit cards.