Maybank Visa Signature Credit Card
- APR
- 15.0% – 15.0%
- Annual Fee
- RM550
- Rewards
- Up to 5.0%
The Maybank Visa Signature Credit Card is a great choice for travelers but may not be the best for those who primarily shop locally.
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Our Verdict
The Maybank Visa Signature Credit Card offers exceptional rewards for frequent travelers and those who spend on petrol and groceries.
Pros
- 5x TreatsPoints on overseas spending
- 5% cashback on petrol and groceries
- First year annual fee waived
- Visa Signature dining and travel privileges
- Minimum spend requirement for fee waiver is achievable
Cons
- High annual fee of RM550 after the first year
- 5% cashback capped at RM88/month
- 1x TreatsPoints on local spend is low compared to overseas rate
- Approval may require good credit history
This card shines with 5x TreatsPoints for every RM1 spent overseas, making it a strong contender for travelers. The 5% cashback on petrol and groceries, albeit capped at RM88 per month, adds significant value for everyday purchases.
The annual fee is RM550 after the first year, which could deter casual users. If you don't plan to spend RM30,000 annually, you'll face this fee without any exemptions. Therefore, it’s crucial to evaluate your spending habits.
Customer feedback indicates that while rewards are appealing, the application process might be stringent, particularly for those with a less-than-perfect credit score. As such, it is advisable to check your credit status before applying.
Comparatively, other cards like the CIMB Cashback Card offer broader cashback categories without a high annual fee, making them more suitable for local spenders. We recommend carefully assessing your spending patterns against the rewards structure of the Maybank Visa Signature before committing.
Who It's For
Ideal for frequent travelers and those who can meet the minimum spending requirement for fee waivers.
Watch Out
Be aware of the high annual fee if you don't meet the minimum spend requirement to waive it.
Summary
The Maybank Visa Signature Credit Card is a great choice for travelers but may not be the best for those who primarily shop locally.
Best For
This card is ideal for those who frequently travel abroad and spend on fuel and groceries.
You'll be redirected to maybank2u.com.my
What Customers Say
Cardholders appreciate the rewards on overseas spending but are cautious about the high annual fee.
