Alternate Maybank Promo: Different Gifts, Lower Minimum Spend

If you haven’t signed up for a Maybank card (or cancelled your last one more than 9 months ago), you qualify as a new cardholder for the following two promos! You can either opt for Maybank’s promo or sign up through SingSaver for a different set of welcome gifts. There are pros and cons to both which I’ll elaborate later in this article.

💳 A new Maybank cardholder refers to those who do not currently have a principal Maybank credit card, and have not cancelled any in the past 9 months. Please read terms and conditions while applying.

Promo Details

Please read through carefully as there are two different promos. The requirements and gifts are different based on which promo you opt for:

Which promo is better?

SingSaver has a significantly lower minimum spend of S$500 within 30 days from card approval while Maybank’s promo requires S$600 per month for 2 consecutive months. If minimum spend is an issue for you, SingSaver’s deal will be more attractive.

Maybank’s promo, however, is offering more cashback, miles, or a pricey suitcase. Also, a big plus point for going through Maybank directly is that your gift is fulfilled quite quickly after your spend requirement is met. A friend managed to get an SMS notification of the redemption details within a week from meeting the minimum spend. SingSaver’s fulfilment can take months.

What to spend on?

You need to meet the minimum spend to qualify for rewards while noting there are transactions which are excluded. Read the terms and conditions carefully when applying.

Generally, retail transactions like buying stuff or dining out are very safe. Things like bill payments, education expenses and CardUp or ipaymy become a lot iffier.

Someone in the Telegram group shared that they managed to get their sign-up reward using CardUp to pay income taxes. This makes sense since Maybank Platinum Visa is commonly used for CardUp and ipaymy to earn cashback, so these transactions shouldn’t have an issue being eligible spend for the sign-up promo.

Do check out this article on what you can spend on to meet the minimum spend:

Stay subscribed for more great deals

Remember to stay subscribed for more updates and great deals!

Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.

He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.

Subscribe to the channel for free updates!

Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Thank you for supporting my site!

Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opinion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).