Maybank eVibes Card Review: Is It the Best Student Credit Card?

Maybank eVibes Card Review: Is It the Best Student Credit Card?

Easy Cashback on All Spend for Students & NSFs

Good for

  • Students & NSF earning less than S$30,000/year
  • People looking for easy cashback on all spend
  • Individuals hoping to avoid paying an annual fee

Bad for

  • Low-income working adults (ineligible for this card)
  • Young adults who’d prefer a card with EZ-Link functionality

Analyst's Rating


Maybank eVibes Card is excellent for tertiary students and NSFs looking for an easy-to-use cashback card that rewards all spend. Cardholders earn unlimited 1% cash rebate on all retail transactions, with no category or merchant restrictions and no minimum spend requirement. In addition, the S$5 quarterly service fee is waived 2 years, and then as long as the card is used once every 3 months. Cardholders also enjoy deals and discounts through Maybank TREATS.

Maybank eVibes Card Features and Benefits:

S$20, Waived for using the card once every 3 months
  • Ages: 18 to 30 years old
  • Income: No minimum requirement
  • Must be a Singapore Citizen or Permanent Resident
  • Must be a current tertiary student or NSF man
  • 1% unlimited cash rebate on all spend
  • No minimum spend requirement
  • S$500 credit limit
  • S$5 quarterly service fee waived 2 years, then with use of card at least 1x/quarter
  • Access to Maybank TREATS discounts & privileges
  • Apply now and receive Adidas wristwatch (worth S$120) & quarterly service fee waiver for first 2 years
  • Up to 7% off hotel bookings on Agoda (until Dec.31, 2021)

What Makes Maybank eVibes Card Stand Out

Tertiary students and NSF men between 18 to 30 years old can earn top rates on all spend with Maybanks eVibes Card–perhaps the best student card on the market. Cardholders earn 1% cash rebate on all spend without merchant or category restrictions. There’s also no minimum spend requirement or cap on earnings. Most student cards offer the equivalent of 0.25% to 0.4% rebate, so Maybank eVibes Card is a great way to maximise earnings.

Another benefit is access to the Maybank TREATS program. Cardholders can enjoy discounts up to 20% off dining and entertainment, plus deals on health & wellness, online retail, travel and more. While there is no formal rebate structure, students can still enjoy promotional savings with a variety of merchants.

Low income working adults are not eligible for Maybank eVibes card, however. Cardholders must be current students or NSF men. Young adults with low incomes may qualify for, and be interested in, cards like CIMB AWSM Card or Standard Chartered Manhattan S$500 Card. Existing Maybank eVibes Cardholders, on the other hand, can continue using their cards after turning 30 years old.

Ultimately, Maybank eVibes Card offers students and NSFs and excellent way to earn cashback on all spend. Because the S$5 quarterly service fee is waived 2 years, and then as long as the card is used at least once every 3 months, consumers can also easily avoid paying a fee. Altogether, cardholders can earn on all their spend, maintenance-free, at one of the highest student rates on the market.

How Does Maybank eVibes Card’s Rewards Program Work?

Use our quick and easy-to-read guide below to learn how you you can redeem card rewards.

  • Every 1 dollar of cash rebate earned is equal to S$1
  • Cash rebate is credited to the cardholder's account on a monthly basis
  • Cashback is automatically forfeited and is non-transferable when an account is closed

Maybank eVibes Card Rewards Exclusions

Some credit card expenditures are ineligible for earning rewards. We identify these exclusions below.

FlexiCash, FlexiPay, 0% Interest Instalment Plans, funds transfers, cash advances, finance charges, late payment charges, annual fees, reversals, interest charges, any other miscellaneous bank charges as decided by Maybank
AXS and SAM transactions; payment of funds to prepaid accounts including (but not limited to) EZ-Link, Banc de Binary, Flashpay, MoneyBookers, NETS, OANDA, PayPal, Skrill, SkyFX, Transitlink, IG Markets, Plus500, YouTrip
Payments to government institutions and services (court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases and any other government services not classified here); brokerage/securities transactions, payments to insurance; any transactions deemed to be corporate/commercial; any betting or gambling transactions

How does Maybank eVibes Card Compare Against Other Cards?

Consider this if you want to maximise cashback on everyday spending

Annual Income Requirement 30000

Read our comparisons of Maybank eVibes Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

Maybank eVibes Card performs slightly above the market average for value-to-consumer after two years based on a monthly spend of S$1,500

Maybank eVibes Card v. CIMB AWSM Card


Consider this if you earn S$18,000 and S$30,000 per year and are below the age of 35

Annual Income Requirement 30000

Like Maybank eVIbes Card, CIMB AWSM Card offers unlimited 1% rebate with no minimum spend requirement–however, cashback is category-limited to dining, entertainment, online shopping & telco. A bigger difference is that CIMB AWSM Card is one of the few cards available to low income working adults, who aren’t eligible for most student cards. These individuals can greatly benefit from CIMB AWSM Card’s respectable rate, with no annual fee. Maybank eVibes Card, however, offers a more flexible option for students and NSF men.

Maybank eVibes Card v. Citi Clear Card

Consider this if you frequently visit Starbucks and Subway

Annual Income Requirement 0
Foreigner Income Requirement 0

Citi Clear Card offers students and NSFs the opportunity to earn 0.4 miles per S$1 spend–roughly equal to 0.4% cashback in value-to-consumer. While return value may be lower than Maybank eVibes Card’s, Citi Clear Card is the only student card to offer a rewards alternative to cash rebates. In addition, cardholders can access dining discounts through Citi Gourmet Pleasures, adding significant value for students who frequently eat out.

Maybank eVibes Card v. DBS Live Fresh Student Card

DBS Live Fresh Student Card
DBS Live Fresh Student Card

Consider this if actively like to shop on e-commerce sites and make purchases with mobile payments

Annual Income Requirement 0
Foreigner Income Requirement 0

DBS Live Fresh Student Card is a great option for students in terms of convenience because it works as an all-in-one card with EZ-Link functionality. The fee is high (S$128.4), but is waived for 5 years. One of the downsides, however, is that spend earns just 0.3% flat cashback, compared to 1% rebate with Maybank eVibes. DBS Live Fresh Student Card may be a preferable option to students who are frequent commuters, but Maybank eVibes card does a better job of rewarding consumer spend.

Carrie Arndt

Carrie is a Senior Analyst at ValueChampion, helping consumers find the best credit cards and other financial products based on quantitative and qualitative analysis. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research, and led development & operations and BellaVetro. She attended Duke University and Penn State University, graduating with a degree in Political Science and Government. Her work has been featured on a variety of major media such as Yahoo Finance, Asia One, Buro, Zuu Online and more.

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