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Maybank Family & Friends Card: Savings in Singapore and Malaysia

High Flat-Rate Cashback for Low Spenders
PROMO: GET S$100 CASH CREDIT

Maybank Family & Friends Card: Savings in Singapore and Malaysia

High Flat-Rate Cashback for Low Spenders

4.6/5.0

ValueChampion Rating ValueChampion Icon

Rewards
Perks
Fees

Pros

  • Good for budgets of S$800/month
  • Awards 8% cashback on 5 categories of your choice
  • 3 year annual fee waiver
  • Great to use in Singapore, Malaysia, Indonesia and the Philippines

Cons

  • Merchant restrictions
  • Lacks miles & travel perks
PROMO: GET S$100 CASH CREDIT

If you're a regional spender with a low-to-moderate budget, Maybank Family & Friends Card offers an exceptional way to earn top rewards on essentials without excessive fees, requirements or limitations. Cardholders can earn 8% cashback in 5 key categories (groceries, fast food & food delivery, transport & more) with just S$800 monthly spend, which makes it easy for low spenders to earn at high rates. The best part is that you get to select which 5 out of 8 cashback categories you earn 8% on, with the selection locked in for 12 months. Spend below S$800/month earns 0.3% cashback and overall cashback is capped at $125/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.

Maybank Family & Friends Card Features and Benefits

  • Annual Fee: S$180, Waived for 3 years
  • Income Requirement: S$30,000 for citizens & PRs, S$60,000 for foreigners
Key Features:
  • Annual fee: S$180 (3 years fee waiver)
  • Up to 8% rebate on 5 preferred categories (fast food & food delivery, groceries, transport, petrol discounts & online TV streaming)
  • Up to S$125 cashback per month with S$800 min spend
  • 0.3% rebate all other spend
Promotions:
  • Get S$100 cash credit with Maybank Credit Card and CreditAble when you charge and withdraw at least S$250 for each of the 2 consecutive months upon approval (until Aug 31, 2021)
Promotions:
  • Get S$100 cash credit with Maybank Credit Card and CreditAble when you charge and withdraw at least S$250 for each of the 2 consecutive months upon approval (until Aug 31, 2021)

What Makes Maybank Family & Friends Card Stand Out

Maybank Family & Friends Card is an extraordinary option for regional spenders with low to mid-size budgets. Cardholders earn cashback for spend in Singapore and Malaysia in 5 (out of 8) key categories of their own choosing– groceries, transport, dining, retail and pets, and data communication/online TV streaming, fashion and wellness–with virtually no merchant restrictions. Rebates reach up to 8% with just S$800 monthly spend, capped at S$125/month. Spend below S$800 drops cashback rate to 0.3%.

Comparison of Cashback Cards with Low/No Minimum Spend Requirements

FeaturesCiti SMRTMB F&FUOB One
Merchant RestrictionsYesNoNo
Minimum Spend Req.S$0S$800S$500
Max. Corresponding Rate5%8%3.33%
Monthly Earnings CapS$50/moS$125/moS$16.65/mo
Annual FeeS$192.60S$180.00S$192.60
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$125/month earnings cap (compared to Citi Cash Back's S$80 cap), and even has a 3 year fee-waiver.

Maybank F&F Card Max Annual Earnings w/ Fee-Waiver

MonthlyAnnual
SpendS$1,000S$12,000
EarningsS$80S$960

Assumes S$1,000 is spent in Singapore and/or Malaysia on fast food & food delivery, 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 and want to earn on everyday spend. Few options on the market can match this card's combination of high rates and low minimum requirements, lack of merchant restrictions, and customized cashback categories based on your preferences.

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 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?

PROMO: GET S$100 CASH CREDIT
Consider this if you spend a lot of time in both Singapore and Malaysia
  • Pros
    • Good for budgets of S$800/month
    • Awards 8% cashback on 5 categories of your choice
    • 3 year annual fee waiver
    • Great to use in Singapore, Malaysia, Indonesia and the Philippines
    • Cons
      • Merchant restrictions
      • Lacks miles & travel perks

      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
      • Pros
        • Good fit for budgets of at least S$2,000 per month
        • Easy cashback on daily spend
        • Gives rebates for paying bills
        • Cons
          • Doesn't fit high budgets or low/inconsistent budgets
          • Annual fee

          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
          • Pros
            • Great dining and groceries rewards
            • High petrol discounts
            • Cons
              • Lacks shopping and entertainment rewards
              • Not suitable for lower budgets

              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

              PROMO: USE CODE 200CASH TO GET S$200 CASH CREDIT
              Consider this if you are a busy homemaker who want to maximise savings on groceries, cosmetics, pharmaceutical, medical and petrol bills
              • Pros
                • Benefits highly diversified spend with large food budgets
                • Great fit for commuters seeking a convenient, an all-in-one card
                • Cons
                  • Not suitable for consistent spend of S$2k+/mo
                  • Lacks travel rewards
                  • Has an annual fee

                  POSB Everyday Card is an excellent all-in-one rebate card with SMRT Card functionality. Cardholders earn promotional rates of up to 8% 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

                  PROMO: GET S$100 CASH CREDIT
                  Consider this if you spend S$300 to S$1,000 per month
                  • Pros
                    • Great starter card for young adults
                    • Good fit for budgets between S$300 and S$500/month
                    • S$80 annual fee
                    • Cons
                      • Few extra perks
                      • Doesn't award specialised spend (ie dining, shopping)

                      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.

                      Zoryana Melesh

                      Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.

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