Nerfed: Mari Credit Card to Stop Offering 5% Shopee Coins From 23rd January
Update: Mari Credit Card now gives a reduced 3% Shopee Coins earn rate. The good news is that there is still no minimum or maximum spend applicable.
In a new set of terms and conditions, MariBank has effectively nerfed the Mari Credit Card. The promotional earn rate of 5% Shopee Coins will last until 23rd January 2025. Seems like the digital bank has claimed the first nerf of 2025 already and we haven’t even seen 2024 off yet!
Mari Savings Account / Credit Card
Use code 5HCT18VM
Account: 0.88% p.a.
Card: get unlimited 1.5 Shopee Coins on eligible Shopee spend, 1.5% cashback on eligible card spend and 1.5% cashback on overseas card spend with no fx fee. Read the review
🎁 Bonus Rewards
Sign up with code 5HCT18VM in August 2026
- If you sign up for Mari Savings Account as first product: get bonus S$8 and qualify as new user for Account
- If you sign up for Mari Credit Card as first product: get bonus S$15 (Savings Account will be opened as well, and you will qualify as new user for both Account and Card)
💰 Mari Savings Account
Sign up with code 5HCT18VM and get up to 2.88% p.a. on the first S$100,000.
| Interest Rate | |
|---|---|
| Base Rate | 0.88% p.a. |
| Bonus Rate | +1.60% p.a. on first S$100,000 for 30 days |
| ShopeeVIP | +0.40% p.a. on first S$100,000 |
| 2.88% p.a. |
💳 Mari Credit Card
Sign up for Mari Credit Card Bundle with promo code 5HCT18VM and spend S$300 within the first 30 days and get³:
- S$30
- S$70 Shopee voucher pack
⚠️ Terms and conditions
- Limited to the first 10,000 customers who successfully open a Mari Savings Account during the Promotional Rate Period, and successfully make Fixed Deposit placement(s) within 30 days from the date of successful account opening. Terms and Conditions
- Terms and Conditions For Bonus Units
- Terms and Conditions For Credit Card Promos
For reference only; refer to exact details in terms and conditions
No min nor max spend for 5% Shopee Coins
Mari Credit Card’s 5% earn rate on Shopee purchases has been something I thought to be very useful. Cashback cards with higher earn rates tend to impose a minimum spend amount per month while Mari Credit Card did not, allowing smaller shoppers to get 5% rebates easily.
Another compelling feature of the Mari Credit Card is that it does not cap the 5% earn rate, making it uniquely useful for big spenders on the Shopee platform. Without this feature after the nerf kicks in, Mari Credit Card will be a lot less attractive, so it begs the question whether MariBank would announce new features to make up for this nerf. Stay subscribed for updates.
If you have large purchases to make on the shopping website, you have about a month until late January 2025 to take advantage of Mari Credit Card’s 5% earn rate. Remember to use Instant Checkout with Mari Credit Card to get your 5% rebate, and note that the rebate is in the form of Shopee Coins. See the terms and conditions here.
1.7% cashback for local transactions and 3% cashback for overseas spend
After the nerf, Mari Credit Card will continue to offer 1.7% cashback on local transactions. At this rate, it offers the highest unlimited cashback rate tied only with UOB Absolute. 1.7% is a relatively low rate, but it is about what you expect from a card that does not require you to spend on specific categories.
It will also continue to offer 3% cashback until 31st December 2025, though MariBank charges an overseas transaction fee of 3%. I have confirmed with MariBank that the 3% cashback is on the transaction amount excluding transaction fees, which is why the cashback does not fully negate the overseas transaction fee. Tap here for a list of travel cards compared.
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We haven’t even crossed the new year yet and already got our first nerf for 2025! Stay subscribed to the Telegram to be notified of news and deals so you can earn more from credit cards, savings accounts and other financial products. Leave notifications turned on so that you don’t miss time-sensitive updates!
H/T: IJustTryLah
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.
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