Maybank Horizon Visa Signature Card: Great Miles Card with Easy Fee Waiver

Maybank Horizon Visa Signature Card: Great Miles Card with Easy Fee Waiver

Travel Card with High Rewards Rate for Local Spend

Good for

  • People with high spend on local dining & transport
  • Mostly local spenders who also want miles for travel
  • Consumers who want to avoid annual fees

Bad for

  • Those who spend most of their time overseas
  • People who prioritise travel perks & privileges
  • Consumers seeking rewards for essentials (ie groceries)

Editor's Rating

4.5/5.0

If you have a mostly local budget but want to earn miles both at home and overseas, Maybank Horizon Visa Signature Card is one of the absolute best cards on the market. Cardholders earn 3.2 miles per S$1 spend on local dining, petrol and taxi fares (including Grab)–more than double the rate offered by most travel cards (1.2–1.4 miles). Even more, the travel and overseas rate of 2 miles per S$1 still aligns with the market average, meaning with Maybank Horizon Card, you get the best of both worlds. Finally, this card stands out because it even has a fee waiver. With just S$18,000 annual spend, you can avoid paying the S$180.0 fee altogether.

Maybank Horizon Visa Signature Card Features and Benefits:

S$180.0, Waived for annual spending of S$18,000
  • S$50,000 for locals
  • S$60,000 for foreigners
  • 3.2 miles (8 pts) per S$1 spend on local dining, petrol, taxi fares (including Grab rides) & hotel bookings through Agoda
  • 2 miles (5 pts) per S$1 spend on air tickets, travel packages and foreign currency transactions
  • 0.4 miles (1 pt) per S$1 general spend
  • S$300 minimum spend requirement for elevated rates
  • Rewards from elevated rates capped at 12,000 miles (30,000 pts) per month
  • Free access to select airport lounges (1 voucher per S$1,000 retail transaction)
  • Free travel insurance
  • Up to 17.2% fuel savings on petrol in Singapore (including card’s petrol discount)
Promotions:
  • Receive S$100 rebate w/ S$800 spend (req. 2 card applications + Creditable acct)

What Makes Maybank Horizon Visa Signature Card Stand Out

Average consumers looking for a balanced travel card with a high rewards rate for both local and overseas spend may want to consider Maybank Horizon Visa Signature Card. Not only can cardholders quickly accrue miles at home and abroad, they can also enjoy travel perks and even avoid an annual fee.

Most travel cards skew heavily towards rewarding overseas spend (2-3 miles per S$1) over local spend (1-1.6 miles per S$1), which disadvantages consumers who travel sporadically. With Maybank Horizon Card, consumers still earn 2 miles per S$1 travel spend (air tickets, travel packages, and foreign currency transactions), but also earn a market-leading 3.2 miles per S$1 local spend on dining, petrol and taxi fares (including Grab). These are top spend categories, making Maybank Horizon Card even more versatile and convenient to the average consumer.

Rewards Rates per S$1 Spend

Local Dining RateOverseas Spend Rate
Maybank Horizon Card3.2 miles2 miles
Citi PremierMiles Visa Card1.2 miles2 miles
OCBC Voyage Card1.6 miles2.3 miles
SC Visa Infinite Card1.4 miles3 miles
Please note that this table covers only a generalised sampling of travel cards and is not fully comprehensive

While Maybank Horizon Card offers great rewards rates, affluent consumers who travel frequently may still want to consider alternatives. Those willing to pay S$500+ in annual fees can earn 2.4 miles per S$1 overseas spend with Citi Prestige MasterCard or 3 miles with Standard Chartered Visa Infinite Card, while enjoying travel perks like unlimited lounge access, golfing privileges, free limo transfers and more. Maybank Horizon Card offers free travel insurance and access to select airport lounges (1 voucher for every S$1,000 retail transaction with the card), which is fairly limited for a travel card.

Overall, Maybank Horizon Card is one of the best travel cards for average consumers because of its high, balanced rates–but also because of its accessibility. Cardholders unlock rewards rates with just S$300 monthly spend, compared to S$600+ for cashback cards that provide similar value-to-consumer. In addition, Maybank Horizon Card is far more affordable than most travel cards–its S$180 fee is waived 3 years and then with each S$18,000 annual spend (S$1,500/month). Average consumers seeking miles for spend at home and abroad stand to benefit from Maybank Horizon Card.

How Does Maybank Horizon Visa Signature Card’s Rewards Program Work?

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

  • Spend officially rewarded in points, redeemable as cash, miles, or vouchers
  • Points expire 1 year from the quarterly period in which they are earned
  • Points can be redeemed in blocks of 17,000 for S$50 cash credit
  • Points can be converted to miles via the Maybank Frequent Flyer Programme [FFP]
  • AsiaMiles are converted at the rate of 5,000 Points for 2,000 miles (manual)
  • KrisFlyer Miles are converted at the rate of 12,500 Points for 5,000 miles (online)
  • There is a S$25 conversion-to-miles fee

Maybank Horizon Visa Signature Card Rewards Exclusions

Some credit card expenditures are ineligible for cash back or rebate. We identify these exclusions below.

Cash advances, FlexiCash, FlexiPay, fund transfers, 0% interest instalment plans, annual fees, interest charges, late payment charges, finance charges & other miscellaneous bank charges
AXS and SAM transactions, Skrill transactions
Any transactions deemed to be corporate/commercial

How does Maybank Horizon Visa Signature Card Compare Against Other Cards?

Consider this if you want to maximise miles earned on dining and petrol

Annual Income Requirement S$50,000
Foreigner Income Requirement S$60,000

Read our comparisons of Maybank Horizon Visa Signature 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 Horizon Visa Signature Card performs above the market average for value-to-consumer after two years based on a monthly spend of S$6,000

Maybank Horizon Visa Signature Card v. DBS Altitude Visa Card

DBS Altitude Visa Signature Card
DBS Altitude Visa Signature Card

Consider this if you are looking for a good miles credit card with an easily waived annual fee

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

DBS Altitude Visa Card offers average spenders an opportunity to maximise miles for diversified spend while avoiding a fee. Cardholders earn 1.2 miles per S$1 local spend, 2 miles overseas, and 3 miles for online travel booking, and the S$192.6 fee is waived with each S$25,000 annual spend. Local rates are lower than with Maybank Horizon Card, but rates are not restricted by category and there’s no minimum spend requirement. Cardholders also receive travel perks (golfing privileges and 2 free lounge visits/year) that make DBS Altitude Card a better card for more frequent travellers.

Maybank Horizon Visa Signature Card v. HSBC Revolution Card

Consider this if you spend mostly on shopping, dining and entertainment

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

Consumers can earn an unlimited 2 miles per S$1 spend on local dining and entertainment, plus online spend, with HSBC Revolution Card. Not only does the card lack a minimum spend requirement, it also offers a waiver for its S$160.5 fee with each S$12,500 annual spend. While average consumers can easily earn miles for daily spend, they only earn 0.4 miles per S$1 overseas spend–therefore, people looking to also earn miles when they travel might instead consider Maybank Horizon Card.

Maybank Horizon Visa Signature Card v. Citi PremierMiles Visa Card

Consider this if you are looking for a standard miles rewards credit card

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

Citi PremierMiles Visa Card is a great option for average spenders who are willing to pay the S$192.6 fee to access free travel insurance and 2 free airport lounge access vouchers per year. Cardholders earn 1.2 miles per S$1 local spend and 2 miles overseas, which is fairly standard for the market. However, consumers also receive 10,000 bonus renewal miles per year (worth S$100) and earnings are unlimited. Overall, consumers with high local spend might benefit more from Maybank Horizon Card.

Maybank Horizon Visa Signature Card v. Standard Chartered Visa Infinite Card

Consider this if you travel frequently for business

Annual Income Requirement S$150,000
Foreigner Income Requirement S$150,000

Standard Chartered Visa Infinite Card offers a market-leading 3 miles per S$1 overseas spend (contingent on S$2,000 monthly spend), paired with luxury travel perks like free travel insurance, airport lounge access, a complimentary yacht hire, golfing privileges and more. Local spend earns just 1.4 miles per S$1, so this card is best for frequent travellers. While Maybank Horizon Card is great for average spenders, SC Visa Infinite Card is intended for the affluent. Consumers must earn S$150,000+/year to qualify, and then pay a S$588.5 non-waivable annual fee.

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