Maybank FC Barcelona Visa Signature Card: Why It's Worth a Consideration

Maybank FC Barcelona Visa Signature Card: Why It's Worth a Consideration

Unlimited amount of cash rebate at 1.6% + no spending requirement + low annual fee.

Good for

  • Easy cash rebate without minimum spending requirements or maximum rebate cap
  • People who spend significantly more than S$2,000 a month given its unlimited cash rebate
  • FC Barcelona Fans or Football Fans

Bad for

  • Consumers who spend much less than S$4,000-$5,000 per month
  • People who have particular spending categories that consistently dominate their monthly budgets
  • Optimisers who want immediate welcome bonuses that are easy to get

Editor's Rating

4.5/5.0

For people who are looking for a combination of high rewards rate and convenience of flat rate cards, Maybank's FC Barcelona Visa Signature Card could be a great match due to its combination of affordability and a unique rewards system. Maybank FC Barcelona Card provides an unlimited amount of cashback at a rate of 1.6%; other unlimited cashback cards tend to provide a slightly lower rate of 1.5%. Not only that, this card's already annual fee of S$120 is easily waived for most consumers, while its competitors charge a comparatively high annual fee around S$180. While it doesn't come with a petrol discount, we think this card works perfectly well for those who are looking for the convenience of unlimited flat rate card without the high cost.

ProsCons
  • Low annual fee of S$120, waived for S$10,000 of annual spend (vs competing cards charging S$180)
  • Limited extra benefits like petrol discounts
  • Unlimited 1.6% cash rebate for every dollar spent, without a minimum spending requirement
  • 1.6% cashback requires +S$6,000 of monthly spend to truly maximise value
  • 0.8 miles per S$1 spent on foreign currency transactions
  • Chance to win a free trip for 2 to FC Barcelona Live game every season
  • Promotion: complimentary Samsonite Orfeo Luggage worth S$420 with 2 Maybank credit cards and CreditAble
  • Promotion requires applying for multiple products with Maybank

What makes the Maybank FC Barcelona Visa Signature Card Stand Out

Maybank FC Barcelona Visa Signature Card stands out in the market because it provides the highest level of unlimited rebate. In general, other cards that are the most similar to this card provides a rebate of 1.5%; in contrast, Maybank FC Barcelona Card's rate is higher at 1.6% on every S$1 that is charged to the card (in so far as it's an eligible retail spend). This may not sound like much, but it could add up to a pretty meaningful sum over a time, especially for high spenders. Also, Maybank FC Barcelona Card's annual fee, which is already low at S$120, is easily waived for anyone who spends at least S$10,000 annually on the card. In comparison, other similar cards charge an annual fee around S$180.

Secondly, Maybank FC Barcelona Visa Signature Card works particularly well for affluent consumers who spend significantly more than S$2,000 a month. This is because Maybank FC Barcelona Card does not limit the amount of rebate one can earn, meaning its rewards increase proportionally with the card holder's spending level. This aspect of the card makes it one of the best cashback credit cards for high spenders. Not only that, this card is very convenient to use because it doesn't require any kind of minimum expenditure.

Last but not least, this card is true to its name in that it offers an opportunity for you and a companion to attend a live FC Barcelona game at Camp Nou. By using the card, every cardholder is automatically entered into a raffle where 2 cardholders will be selected each year to take a friend, partner or family with them to the game. 5 chances are awarded for every S$50 of local currency transactions, while 10 chances are awarded for every S$50 of foreign currency transactions.

As with every card, Maybank FC Barcelona Visa Signature Card has its own weaknesses. For one, it doesn't provide much of other benefits that are prevalent in other rewards credit cards, such as petrol discounts. Not only that, given that its flat reward rate of 1.5% applies to every spending category, consumers who tend to spend big on particular areas like dining, groceries or shopping could benefit more from other cards with rewards that are tailored for specific areas of expenditures.

Maybank FC Barcelona Visa Signature Card Benefits & Features

Maybank FC Barcelona Visa Signature Card Benefits & FeaturesDetails
Annual Fee
  • S$120
Annual Income Requirement
  • S$30,000 for locals
  • S$45,000 for Malaysians
  • S$65,000 for foreigners
APR
  • 24%
Card Details
  • 1.6% cash rebate for every dollar spent
  • 0.8 miles per S$1 spent on foreign currency transactions
  • No minimum spending requirement
  • No cap on cashback
  • Promotion: Chance to win a free trip for 2 to FC Barcelona Live game every season. Accumulated S$50 in local transaction yields 5 chances, S$50 in foreign currency transaction yields 10 chances.
  • Bonus: Apply for 2 new Maybank Credit Cards and CreditAble, and charge to your Credit Card and/or withdraw from your CreditAble Account a minimum of S$500 within the first 2 months of approval to receive a complimentary Samsonite Orfeo 69cm Spinner worth S$420

How does Maybank FC Barcelona Visa Signature Card Compare Against Other Credit Cards?

To help you decide if the Maybank FC Barcelona Visa Signature Card is the right card for your lifestyle, we've taken the time to compare it to other leading cashback cards in Singapore. However, please note that these estimates can vary dramatically depending on the individual's spending pattern.

A graph displaying how Maybank FC Barcelona Visa Signature Card compares to other credit cards in Singapore in terms of their rewards

Maybank FC Barcelona Visa Signature Card vs Standard Chartered Unlimited Cashback Card

Similar to Maybank FC Barcelona Card, Standard Chartered Unlimited Cashback Card also provides an unlimited amount of cashback without any spending requirements, albeit at a slightly lower rate of 1.5%. However, it has other "daily life" benefits that are more applicable, such as petrol and Uber discounts. In terms of annual fees, SCB Unlimited Cashback Card is much higher at S$192.6 per year, though this fee is waived for first 2 years. Overall, there's no clear winner between the two cards, and we recommend choosing between the two depending on whether you prefer a slightly overall rebate and fee waiver vs other benefits like welcome cash bonus, discounts on petrol and uber.

Maybank FC Barcelona Visa Signature Card vs American Express True Cashback Card

Like SCB Unlimited Cashback Card, American Express True Cashback Card also provides a 1.5% cash rebate with no cap on maximum one can earn. However, Amex True Cashback stands out by doubling its rebate to 3% for the first 6 months of card membership (up to S$5,000 of spending). Given that American Express is well known for its special deals for luxurious perks at restaurants, hotels and other establishments, we would recommend this card for people who are loyal to the Amex brand. However, we think SCB Unlimited Card is generally a better deal, especially given its 2 year annual fee waiver (S$192.6 per year) vs Amex True Cashback's 1 year fee waiver (S$171.2).

Maybank FC Barcelona Visa Signature Card vs UOB One Card

UOB One Card

In comparison to cards mentioned above, UOB One Card presents a better deal for most people who spend about S$2,000 per month. This card provides S$200 quarterly cash back for people who spend S$2,000 a month (i.e. up to 5%), a better yield than than most other flat-rate cards. The only two cases where Maybank FC Barcelona Card wins against UOB One card in terms of rebate is people who spend less than S$500 on the card or more than S$6,000 on the card. However, its annual fee of S$192.6 is comparatively higher, and UOB One Card's reward system can be rather complicated since it varies significantly depending on how much money you spend.

chart showing how maybank fc barcelona visa signature card and UOB one card compare in terms of cash back rate for different levels of monthly spending

*ValueChampion calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValueChampion's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

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