Review: Maybank Family and Friends Card – a generous 8% off transportation, groceries, dining, telco bills etc
Update August 2022: read the 2022 edition here
Update April 2021: Note that this review was before the card was significantly nerfed
Tl;dr: Relatively easy way to score 8% off many daily expenses you already incur. This is a card worth getting.
It’s easy to overlook credit cards from the smaller banks in Singapore. While the OCBCs and UOBs of the world have the marketing dollars to push their cards to the masses, smaller ones like Maybank tend to be quieter about their products, even if they’re as excellent as the Maybank Family and Friends card.
The FnF card gives 5% for $500 of monthly spend, and 8% if you can hit $800, up to a total cashback of $80 a month, which is a maximum of 8% cashback on $1,000 of spend. That’s a pretty decent amount for 8% of cashback. 10% is A+ tier, and 8% makes a very respectable A tier.
Everyday categories with no sublimits
As far as conditional cards go, the spending requirement for FnF is also very simple. You get cashback on:
- Transportation (bus/train, petrol, ridehailing)
Dining at restaurants (eateries, fast food etc are excluded)
- Fast food and food delivery
- Data services (Singtel, M1, etc and Netflix)
These are categories that you probably already spend quite a bit on. What makes the card shine is also the fact that there are no annoying limits to each category which render cards like Citi Cash Back Card and CIMB Platinum Visa practically useless unless you fit squarely into their spending requirements (which nobody does).
As with most conditional cards, your rewards depend highly on your spending habits, but I would suppose the average working adult in Singapore spends at least $100 to $150 between bus/train and the occasional cab, $50 to $100 on mobile and broadband subscription as well as Netflix, and dine out to a tune of around $50 to $100 per month. This is easily around $300 clocked already, perhaps more if you’re more of a spendthrift.
One category that is a little iffy is the restaurants category. Places like McDonald’s, Starbucks, and perhaps even some high-end eateries don’t count. Unless your bill is really large, it shouldn’t really hurt that much; having a little non-qualifying spend doesn’t dilute your cashback that much (see the table a few paragraphs below).
Ways to clock $800
Once upon a time, all one had to do was to top up $1,000 to a certain other card, and instantly get 8% cashback on just about anything, but alas that game is over now for Mastercard, and Mastercard this card is.
Nevertheless, here are some ways I think would help you towards your $800 spending goal:
- Paying for your entire family’s mobile plans instead of leaving them on GIRO (~$150 – $200)
- Use your Singtel bill to top up your Dash ($200)
- Buy supermarket vouchers
Depending on your relationship your folks, I’m thinking that most mothers wouldn’t mind receiving household allowance in form of supermarker vouchers, but please check with them first before taking for granted you can get 8% off your contribution to your family. I don’t really think it’d be an issue since NTUC FairPrice vouchers are practically equivalent to cash for most households, and they come in nifty prepaid cards that you can top up which are way less troublesome than vouchers of fixed denominations.
Even if your family doesn’t spend a lot on groceries each month, there’s an argument to be made that hoarding vouchers at 8% cashback is a prudent thing to do. You get 8% on things you already spend on, and 8% on vouchers you will definitely use in the near future. Most cards that give above 5% usually don’t last very long, and I don’t expect this card to go unchanged over the long run.
It’s still pretty decent if your spend isn’t all in qualifying categories
Now let’s say you are still unable to clock spend on these categories, it’s not all that bad if you used your card like an unconditional card for other expenses to reach the minimum spending.
|Qualifying Spend||Non-Qualifying Spend||Cashback||Rate|
Hitting 8% on $600 of spending and a negligible 0.3% on $200 that doesn’t fall into any of the categories still gives 6.08%, higher than most cashback cards out there right now.
Sign up bonus
Family and Friends
New to Maybank Customers
First 5,000 applicants: apply for both an eligible Maybank Credit Card and a CreditAble Account, make a min spend of S$600 per month for 2 consecutive months, and receive:
- A pair of American Tourister Linex 66/24 Luggage TSA; or
- AirPods (3rd generation) with Lightning Charging Case; or
- S$200 cash credit
Note that you need to apply for the CreditAble account, although you do not need to use it.
- Sign up here
- Note down the Application Reference number (at the end of Application, starts with REF-XXXXXXX)
- Fill up this Google form
Please view the terms and conditions here and save a copy for your reference.
With a 10% cashback card around, does an 8% one has space? If your monthly expenditure is at least $2,800, more than the maximum of $2,000 per month for UOB One + GrabPay MasterCard, it’s an easy yes. 8% beats every other cashback card and even top-tier 4 mpd mile cards.
Even if you don’t spend all that much, taking a month to stock up on highly discounted supermarket vouchers and getting a free luggage isn’t the worst deal in the world. Also, let’s not pretend that the 10% cashback game would last for very long. The Family and Friends card comes with a rather generous 3-year fee waiver period, so there’s no harm signing up for it now. 8% is really good and you never know when it might come in handy when your expenses go up in a particular month.
- 8% cashback is a great rate
- Qualifying categories are typically incurred expenses
- No sub-limits for each category
- Getting 8% off public transportation when fares were raised by 7% feels good
- No Apple Pay (or Google Pay). Ugh
Overshadowed by 10% UOB One (which wouldn’t last long, right?)
Spending quite a bit at eating places before realising they’re not considered restaurantsRestaurants are no longer eligible 🙁
★ ★ ★ ★ ★ ★ ★ ★ ☆ ☆
8 Stars of Sethisfaction
Keep up to date on the best cashback/mile cards, financial products, attractive deals, and more tips to maximise your financial wellbeing by subscribing to my Telegram channel.
Subscribe to the channel, then join the group chat. You would often benefit from the tips shared exclusively in the group chat!
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 opnion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).
36 thoughts on “Review: Maybank Family and Friends Card – a generous 8% off transportation, groceries, dining, telco bills etc”
hi pls send me the form
Sent. Please check and thanks!
Hi, can send me the form too? Thank you!
Form sent. Thanks for supporting!
Plse send me the form
Sent, please check. Thanks!
Please send me the form
Can u send me the form
Form sent, thanks!
May I have the form please?
Sent, please check!
Hi, can send me the form too? Thank you!
Done, please check. Thanks!
Interested in applying, thtough your form
send me a form pls
Hi, can i have the form for signing up?
Hi can send me the form pls
Sent! Sorry it took so long.
Hi pls send me the form. Thank you.
Sent, sorry overlooked your message for a bit.
Hi, please can send the application form.Thank you 🙂
Please send me application thanks!
Done, please check!
Please send me the form. Thanks !
Please send me the form. Thanks lots!
Hi, the referral incentive is only for cards approved before 31 March, so unfortunately I don’t think we’d be able to make it in time with the physical form.
You can still sign up online: https://singsaver.link/sethisfy-maybank-ff
For those who have signed up for Maybank Family and Friends card earlier this year through my referral, please take note that I have checked with Maybank and they have told me that the list of referrals I have made is delayed possibly due to the current Circuit Breaker measures.
I will follow up again with them early next month and will let you know regarding your vouchers once I have the confirmation from them. Thank you
Hi is the new to bank promo still on?
Do u know if ipaymy txn count towards the $800 spend?
Hi lynn, the new to bank promo is now $100 cashback. It should work, but please read the T&C:https://www.maybank2u.com.sg/iwov-resources/sg/pdf/cards/applynow-tnc.pdf
Use sethisfy20 if you’re a new ipaymy user for $20 off the fee. 😊