Maybank Family & Friends MasterCard Credit Card: Savings in Singapore and Malaysia

Maybank Family & Friends MasterCard Credit Card: Savings in Singapore and Malaysia

Easy Cashback for Lower Spenders in Singapore & Malaysia

Good for

  • People who spend time both in Singapore and Malaysia
  • Consumers with a budget of S$500 to S$1,500/month
  • People seeking cashback on groceries & transport
  • Individuals hoping to avoid an annual fee

Bad for

  • Consumers who dislike merchant restrictions
  • People who consistently spend S$2,000+/month
  • Travellers seeking miles & travel perks

Editor's Rating

3.5/5.0

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.

ProsCons
  • Up to 8% rebate on dining, groceries, & transport in SG & MY
  • Up to 8% rebate on data communications & online TV streaming
  • Up to 22% fuel savings with select petrol merchants
  • Easy fee-waiver w/ S$12,000 annual spend
  • Highest rebate rates require S$800 min. spend
  • Most overseas spend (exc. MY) earns just 0.3% cashback
Promotions:
  • Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)
Card Overview
Pros:
  • Up to 8% rebate on dining, groceries, & transport in SG & MY
  • Up to 8% rebate on data communications & online TV streaming
  • Up to 22% fuel savings with select petrol merchants
  • Easy fee-waiver w/ S$12,000 annual spend
  • Promotions: Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)
Cons:
  • Highest rebate rates require S$800 min. spend
  • Most overseas spend (exc. MY) earns just 0.3% cashback

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

FeaturesCiti SMRTMB F&FUOB One
Merchant RestrictionsYesNoNo
Minimum Spend Req.S$0S$500S$500
Max. Corresponding Rate5%5%3.33%
Monthly Earnings CapS$50/moS$80/moS$16.67/mo
Annual FeeS$192.6S$180.0 (waiver)S$192.6
Max. Corresponding Rate equals the highest rebate rate accessible to cardholders spending at the minimum spend level. Where different categories earn at different rates, such as with Citi SMRT Card, the highest rebate category is referenced

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

MonthlyAnnual
SpendS$1,000S$12,000
EarningsS$80S$960
Annual FeeN/AS$0 (waived w/ S$12k spend)
Assumes S$1,000 is spent in Singapore and/or Malaysia on dining, groceries, transport, petrol, and data communications

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:

Card Overview
  • Annual Fee: S$180.0, Waived for annual spend of S$12,000
  • Income Requirement: S$30,000 for locals, S$60,000 for foreigners
Rewards Rate Details
  • Up to 8% rebate on groceries, dining, petrol, taxis, ride-hailing services, and contactless bus & train rides in Singapore & Malaysia
  • Up to 8% rebate on data communication & online TV streaming (any telecommunication, pay television, cable or radio service)
  • Up to 8% rebate with select retail merchants (POPULAR, Toys 'R' Us, Yamaha Music)
  • General & overseas (exc. MY) spend earns 0.3% rebate
  • Rewards capped at S$80/month
Benefits & Perks
  • Discounted & complimentary access to JetQuay
  • Access to discounts on dining, entertainment, shopping, travel, wellness & more
Promotions:
  • Receive free American Tourister Luggage w/ S$300 monthly spend for 2mo (req. both card + Creditable applications)

Maybank Family & Friends 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 Family & Friends Card Compare Against Other Cards?

Consider this if you spend a lot of time in both Singapore and Malaysia

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000

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 and Friends Card performs far above the market average for value-to-consumer after two years based on a monthly spend of S$2,000

Maybank Family & Friends Card v. UOB One Card

Consider this if you want to maximise your cash rebate and spend about S$2,000 per month

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

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

Consider this if you spend mostly on food and transportation

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

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

Consider this if you are a busy homemaker who want to maximise savings on groceries, cosmetics, pharmaceutical, medical and petrol bills

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

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

Consider this if you spend S$300 to S$1,000 per month

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000

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.

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