If you're a regional spender with a low-to-moderate budget, Maybank Family & Friends MasterCard offers an exceptional way to earn top rewards on essentials without excessive fees, requirements or limitations. Cardholders can earn up to 5% in key categories (groceries, dining, transport & more) with just S$500 monthly spend, which makes it easy for low spenders to earn at high rates. Those spending S$800/month earn up to 8% cashback, up to S$80/month–which is a higher cap than offered by most competitors. While these rates apply only to spend in Singapore & Malaysia, Maybank F&F Card still stands out as there are nearly no merchant restrictions. Consumers can even earn a fee-waiver by spending S$12,000 per year–a feature not available with many alternatives.
What Makes Maybank Family & Friends Card Stand Out
Maybank Family & Friends MasterCard is an extraordinary option for regional spenders with low to mid-size budgets. Cardholders earn cashback for spend in Singapore and Malaysia in key categories–dining, groceries, transport, and data communication/online TV streaming–with virtually no merchant restrictions. Rebates reach up to 5% with just S$500 monthly spend and up to 8% for those who spend S$800/month, capped at S$80/month.
The rewards structure of Maybank F&F Card makes it especially competitive for lower spenders. With most credit cards, consumers must spend S$600+ to access elevated rates, otherwise earning just 0.2%–0.3%. Cards that do have lower requirements typically offer much lower rates, and may have strict merchant limitations. Maybank F&F cardholders, however, can earn an impressive 5% cashback with no vendor restrictions after just S$500 monthly spend.
Comparison of Cashback Cards with Low/No Minimum Spend Requirements
|Features||Citi SMRT||MB F&F||UOB One|
|Minimum Spend Req.||S$0||S$500||S$500|
|Max. Corresponding Rate||5%||5%||3.33%|
|Monthly Earnings Cap||S$50/mo||S$80/mo||S$16.67/mo|
|Annual Fee||S$192.6||S$180.0 (waiver)||S$192.6|
Consumers with average budgets are also set up to benefit. Most credit cards that reward spend on essentials require an S$800+ minimum monthly spend; Maybank F&F Card also falls into this category, at least for people seeking the maximum 8% rebate. However, Maybank F&F Card has no merchant restrictions (as compared to POSB Everyday Card), a high S$80/month earnings cap (compared to Citi Cash Back's S$75 cap), and even has a fee-waiver. In fact, people who spend S$1,000/month not only max out their rewards–earning S$960 cashback per year–but are also exempt from the S$180 annual fee (which, to be fair, is already waived the 1st 3 years).
Maybank F&F Card Max Annual Earnings w/ Fee-Waiver
|Annual Fee||N/A||S$0 (waived w/ S$12k spend)|
It's important to point out, however, that Maybank F&F Card's rates apply only to spend in Singapore and Malaysia. People looking to earn cashback when they travel might be better off with POSB Everyday Card and Citi Cash Back Card, which offer high overseas rates. In fact, consumers with Maybank F&F Card will only earn a 0.3% base rebate when they spend abroad.
Nonetheless, Maybank F&F Card stands out for its incredible value to both lower and average spenders who have local or regional budgets. Few options on the market can match this card's combination of high rates and low minimum requirements, lack of merchant restrictions, and easy-to-earn fee-waiver.
How Does Maybank Friends & Family Card’s Rewards Program Work?
Use our quick and easy-to-read guide below to learn how you can redeem card rewards.
- Every 1 dollar of cash rebate earned is equal to S$1
- Cash rebates are credited to the card account by the following card statement
- Supplementary card transactions count towards the minimum spend requirement, and associated cash rebates earned are awarded to the Principal card account
- Cash rebates are non-transferable, and any accumulated rebates are forfeited with account termination
Maybank Family & Friends Card's Features and Benefits:
|Rewards Rate Details |
|Benefits & Perks |
Maybank Family & Friends Card Rewards Exclusions
Some credit card expenditures are ineligible for earning rewards. We identify these exclusions below.
How does Maybank Family & Friends Card Compare Against Other Cards?
Read our comparisons of Maybank Family & Friends 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 Family & Friends Card v. UOB One Card
Consumers who consistently spend S$2,000/month can maximise earnings with UOB One Card’s tiered quarterly rebate system. At this rate, cardholders earn 5% flat cashback up to S$300/quarter, and lower spenders earn 3.33% cashback (up to S$100/quarter with S$1,000/month minimum, S$50 with S$500 minimum). While UOB One Card's rebates apply both locally and overseas, consumers with a local budget who spend less than S$2,000/month have higher earning potential with Maybank F&F Card.
Maybank Family & Friends Card v. Citi Cash Back Card
Consumers with high local and overseas spend on food and transport–and who can also meet the S$888 monthly minimum–may want to consider Citi Cash Back Card. Cardholders earn 8% cashback globally on groceries, dining, and petrol, up to S$75/month. However, consumers primarily spending in Singapore & Malaysia may benefit more from Maybank F&F Card–cardholders can earn 8% in these same categories after just S$800 minimum spend, and can earn up to S$80/month. However, only local/regional merchants apply. As a result, Citi Cash Back Card is a better fit for those who frequently spend overseas.
Maybank Family & Friends Card v. POSB Everyday Card
POSB Everyday Card is an excellent all-in-one rebate card with SMRT Card functionality. Cardholders earn promotional rates of up to 15% on online food delivery, dining, groceries, transport, personal care and recurring bills. However, rewards rates are often restricted to spend with select merchants only. While versatile, POSB Everyday Card’s eligible merchants are more restrictive for groceries and transport, and consumers who can't achieve an assigned Personal Spend Goal (provided by POSB) only earn a 0.3% rebate. As a result, local spenders who don't want to keep track of eligible merchants might prefer Maybank F&F Card.
Maybank Family & Friends Card v. Maybank Platinum Visa Card
While Maybank Platinum Visa Card is a great cashback card for lower spenders with primarily local budgets. Consumers receive 3.33% rebate up to S$30/quarter for S$300/month spend, or S$100/quarter for S$1,000/month in local spend. Overseas spend earns just 0.3%. Consumers who spend time abroad, especially splitting time between Singapore and Malaysia, can earn more cashback with Maybank F&F Card.