This is our review of the Maybank Horizon Visa Signature credit card issued in Singapore. It forms part of our series of credit card reviews, which are all summarised on our dedicated Credit Cards page.

Dollar amounts refer to SGD, and ‘miles’ refer to KrisFlyer Miles, except where stated. This review was updated on 10th July 2026.

Previously a bonus miles earning option for dining and petrol spend, the Maybank Horizon Visa Signature has repositioned itself as an unlimited 2.8 mpd foreign currency spend option, one of the most competitive in Singapore.

That makes it useful for those who regularly max out bonus earn rates of 4 mpd with other cards on the market for transactions in this category, though there is an $800 minimum monthly spend required to unlock the bonus rate.

The card also offers 2.8 mpd on up to $10,000 of monthly transactions on air tickets charged in Singapore dollars, also useful for high spend in this category that might otherwise exceed bonus limits on other cards. Air tickets charged in a foreign currency aren’t capped at all.

Pros	Cons
Three-year fee waiver Uncapped 2.8 mpd on FCY spend, including education 2.8 mpd on air tickets up to S$10k per month 3.2 mpd bonus occasionally offered Up to 1 lounge visit per month in SIN, KUL or HKG	Points expire after 12-15 months Only three useful miles transfer partners Lacklustre local earn rates S$5 earning blocks

• Minimum Age: 21
• Minimum Income (Singaporean / PR): $30,000/yr
• Minimum Income (Malaysian in employment for 1yr+): $45,000/yr
• Minimum Income (Foreigner in employment for 1yr+): $60,000/yr

The Maybank Horizon Visa Signature credit card comes in at the entry-level $30,000 per year income requirement for Singapore citizens and permanent residents, making it widely accessible.

Malaysian citizens and those with other nationalities working in Singapore for at least a year are also eligible, with a $45,000 or $60,000 annual income respectively.

• Annual Fee (principal): $196.20 (first three years free)
• Annual Fee (supplementary): Free
• Fee Waiver: With $18,000+ spend in the previous membership year (year four onwards)

The annual fee for the Maybank Horizon Visa Signature credit card is fairly standard for low income general spend cards at $196.20, though the good news with this one is that it is waived for the first three years.

Up to two supplementary cards are perpetually fee-free.

This card is also eligible for fee waiver in year four onwards, subject to a minimum spend of $18,000 in the previous membership year. It’s also possible to request a fee waiver even if this spend is not met, which the bank may approve at its discretion.

Other fees and interest rates for the Maybank Horizon Visa Signature credit card include:

• EIR: 27.9%
• FCY Fee: 3.25%
• Interest-free period: 20 days from statement date
• Minimum payment: 3% (capped at $20)
• Late payment fee: 5% of the minimum payment (capped at $100)
• Cash advance fee: 8% (min. $15)

There’s no annual renewal bonus for the Maybank Horizon Visa Signature card, even from year four onwards when the annual fee may become charged.

If you’re not currently holding the Maybank Horizon Visa Signature card, you can currently receive the following gift when you apply as a new-to-bank customer:

• Samsonite RESTACKD Spinner 68/25 EXP (worth S$520)

Maybank defines new-to-bank customers as those who:

• do not have an existing principal Maybank credit card or CreditAble account at the time of application; and
• have not cancelled a principal Maybank credit card or CreditAble account within nine months prior to application

To qualify, you must spend a minimum of S$1,300 within the first two consecutive months following card approval.

The gift is awarded within only five working days of meeting the spend threshold, which is nice and quick compared to other banks.

Terms and conditions are available here.

The Maybank Horizon Visa Signature card earns miles at three basic rates, if your total spend on the card is less than $800 in the same calendar month.

Less than S$800 total spend
in same calendar month

Spend Type	Spend Category	Earn Rate
Local	Education Insurance Medical Rentals Professional Services	0.16 mpd
	Dining Food Delivery Supermarkets Transport Petrol Department Stores Selected Retail Stores Air Tickets Hotels Cruises Travel Packages Car Rental	1.2 mpd
	All other Local Spend	0.4 mpd
FCY	All FCY Spend	1.2 mpd

Not much to write home about here for low spenders – you can be earning at least these rates or far more with other general and bonus spend cards on the market in Singapore.

On the plus side, the Maybank Horizon Visa Signature card is one of the few on the market in Singapore offering miles on spend categories such as Insurance, Private Hospitals and Education, though only at 0.16 mpd, and capped at S$3,000 per calendar month.

Local retail spend that earns 1.2 mpd with this card must fall under one of the following specific Merchant Category Codes (MCCs).

The key to this card is unlocking its bonus earn rate of 2.8 mpd on all FCY spend (completely uncapped) and on air tickets charged in Singapore dollars (up to S$10,000 per calendar month).

To do so, you’ll need to spend $800 or more on the card, though if you’re looking to benefit from the uncapped FCY spend bonus, hitting the minimum spend is likely to be no issue.

Since 1st December 2025, local spend on Education, Insurance, Medical, Rentals and Professional Services (which Maybank calls ‘Selected Categories’) no longer counts towards the $800 minimum, nor towards the minimum spend for complimentary lounge access.

Those same categories charged in a foreign currency are treated as FCY spend, however, so they do count towards the $800 threshold, and earn 2.8 mpd once it’s met.

S$800+ total spend
in same calendar month

Spend Type	Spend Category	Earn Rate
Local	Education Insurance Medical Rentals Professional Services	0.16 mpd
	Dining Food Delivery Supermarkets Transport Petrol Department Stores Selected Retail Stores Hotels Cruises Travel Packages Car Rental	1.2 mpd
	All other Local Spend	0.4 mpd
FCY	All FCY Spend	2.8 mpd
Local	Air Tickets*	2.8 mpd*

* Capped at S$10,000 spend per calendar month, thereafter 1.2 mpd

As you can see it’s the S$800+ spend cardholders who pick up the perks here – an uncapped 2.8 mpd on FCY spend, and 2.8 mpd on SGD air tickets up to the monthly cap.

Air tickets charged in Singapore dollars are capped at S$10,000 per calendar month, expressed in the T&Cs as 40,000 bonus TREATS Points. Air tickets charged in a foreign currency aren’t caught by this cap at all – they count as FCY spend, and earn an uncapped 2.8 mpd.

Spend on Selected Categories is also capped, at S$3,000 per calendar month (1,200 TREATS Points).

Note that the air tickets MCC definition shown above (4511 and 3000 – 3350) also applies when using this card in that 2.8 mpd bonus category, and only for transactions posted in Singapore dollars.

Retail transactions charged to the card within a calendar month that are successfully posted to the card account prior to the 6th day of the following calendar month will be counted towards the minimum spend of the month that the retail transactions are made.

Retail transactions charged to the card which are made within a calendar month that are only posted to the card account after the 6th day of the following month will be counted towards the following month’s minimum spend.

The main draw for this card is its uncapped 2.8 mpd for all spend in foreign currency, either at point-of-sale (physical) or online.

This gives the Maybank Horizon Visa Signature card one of the highest uncapped general spend earn rates for FCY transactions in Singapore.

This rate also applies for FCY spend in the Education, Medical and Insurance categories, which could be very useful for things like college and university fees. Unlike their Singapore dollar equivalents, these FCY transactions also count towards the $800 minimum monthly spend.

Here’s how the rate compares to other cards on the market with uncapped FCY earning of more than 2 mpd.

Uncapped FCY earn rates
(July 2026)

Card	FCY Earn Rate
Maybank XL Rewards	4.0 mpd^
SCVI	3.0 mpd*
Maybank Horizon VS	2.8 mpd**
UOB PRVI Miles	2.4 mpd
HSBC T1	2.4 mpd
DBS Altitude	2.2 mpd
DBS Vantage	2.2 mpd
OCBC Voyage	2.2 mpd
Citi PremierMiles	2.2 mpd
OCBC 90oN	2.1 mpd

^ Subject to spending S$500+ (any spend) in the same calendar month, capped at S$1,000 spend per calendar month, otherwise 0.4 mpd
* Subject to spending S$2,000+ (any spend) in the same statement month, otherwise 1 mpd
** Subject to spending S$800+ in the same calendar month, excluding Selected Categories and excluded transactions, otherwise 1.2 mpd

The new Maybank XL Rewards card leads the pack here with 4 mpd on the first S$1,000 of FCY spend per calendar month, but a minimum spend of S$500 applies in the same period, and the card isn’t available to over 40s.

While the Standard Chartered Visa Infinite (SCVI) card earns 3 mpd for FCY transactions, that requires a minimum spend of S$2,000 (across all spend) in the same statement cycle, significantly higher than the Horizon Signature’s $800 minimum spend.

The SCVI card also has a high income requirement of S$150k and an annual fee of S$600, pinning it in a different category to the Horizon Visa Signature’s S$30k income threshold and fee-free for the first three years offering.

Of course it’s worth bearing in mind that many 4 mpd cards on the market in Singapore earn at their bonus rates for FCY spend as well as for local spend, so you should be exhausting these first where possible, subject to the spend category and monthly caps applicable.

For example, online spend in FCY with the DBS WWMC card earns 4 mpd, but that’s capped at S$2,000 per month.

Since this card is all about the bonus rate for foreign transactions, here’s the usual reminder on DCC.

Maybank maintains a list of spend which will not earn TREATS Points and will also not count towards the minimum $800 monthly spend to unlock the enhanced 2.8 mpd earn rate.

Some of the most important exclusion categories are:

• Charitable donations
• Utility bill payments
• Parking
• NETS and eNETS transactions
• Government or government-related payments
• Betting or gambling transactions
• Grab mobile wallet top-ups and other stored value card purchases or top-ups
• Transactions made via AXS or SAM machines
• Payment of funds to prepaid accounts like EZ-Link and YouTrip

Remember that education, insurance, private hospitals, rentals and professional services payments in Singapore dollars do earn miles with this card, at the 0.16 mpd rate, capped at S$3,000 per calendar month.

Since 1st December 2025, however, they no longer count towards the $800 minimum monthly spend. Note that utility bill payments, which previously earned 0.16 mpd, no longer earn TREATS Points at all with this card.

Don’t use the Maybank Horizon Visa Signature card for CardUp or ipaymy payments, since these fall under Professional Services, earning just 0.16 mpd and no longer counting towards the $800 minimum monthly spend.

No, rather than being credited miles directly you’ll accrue ‘TREATS Points’ for your spending on this card. These transfer to KrisFlyer miles at a 2.5:1 ratio.

The various accrual rates are:

• 2 TREATS Points per $5 spent (0.16 mpd)
• 1 TREATS Point per $1 spent (0.4 mpd)
• 3 TREATS Points per $1 spent (1.2 mpd)
• 7 TREATS Points per $1 spent (2.8 mpd)

TREATS Points will be added to your rewards account as soon as each eligible transaction on the card is posted to your account, usually within three days of the transaction itself, at the base earn rate.

Bonus TREATS Points (to reach 7 TREATS Points per $1 for 2.8 mpd) for FCY and Air Ticket spend are awarded “when the minimum spend of S$800 is met”.

You’ll have to wait until the 7th of the following month to have the bonus element of the TREATS Points reflected in your account.

Yes, Maybank allows TREATS Points transfers to four frequent flyer programmes.

Frequent Flyer Programme	Transfer Blocks (TREATS Points Miles)
Singapore Airlines KrisFlyer	25,000 10,000
Cathay Pacific Asia Miles	12,500 5,000
Malaysia Airlines Enrich	12,500 5,000
Air Asia Rewards	4,000 2,000

Our advice? Avoid Air Asia Rewards Points, which are only worth about $0.0034 each (0.34 cents), or about a fifth of the value we put on KrisFlyer miles or Asia Miles.

As we reported back in April 2021, to get the usual 2.5:1 ratio when transferring Maybank TREATS Points to KrisFlyer miles, you now need to use the bank’s TREATS SG app.

If you don’t have the app already, you can download it at the links below.

Otherwise you end up with fewer miles, when using the online portal and the manual methods.

This doesn’t apply for transfers to other programmes, but do be careful not to use a method giving you fewer miles when transferring to KrisFlyer.

The minimum quantity of TREATS Points you can convert into KrisFlyer miles is 25,000 (giving you 10,000 miles), while for Asia Miles and Malaysia Enrich smaller 12,500 Points to 5,000 miles blocks are available.

It means, for example, if you have 49,999 TREATS Points, and you don’t have time to tick it over by making a small purchase, you’ll only be able to transfer 25,000 points across to KrisFlyer (10,000 miles). You will then be left with 24,999 TREATS Points in your rewards account.

Maybank charges a $27.25 fee for each transfer from TREATS Points to airline miles, regardless of the number of transfer blocks, with the exception of transfers to AirAsia Rewards Points, which are free.

The official line from Maybank is “up to 15 business days”.

Actual data points show that in reality points transfer within one or two days – which is relatively quick and good news if you need KrisFlyer miles in a hurry.

Yes, a big downside of TREATS Points is that they are only valid for one year after the end of the quarterly period in which they are earned. Typically this gives you just over a year to redeem in most cases, with the expiry structure working as shown in the example below.

Points Earned Between	Expire On
1 Jan – 31 Mar 2026	31 Mar 2027
1 Apr – 30 Jun 2026	30 Jun 2027
1 Jul – 30 Sep 2026	30 Sep 2027
1 Oct – 31 Dec 2026	31 Dec 2027

There is an exception however, called ‘Rewards Infinite’.

If you charge at least S$24,000 to your Maybank Horizon Visa Signature card in the preceding year you will be eligible to join (or retain) Rewards Infinite status. Your TREATS points will then never expire, provided you continue to be eligible for and maintain Rewards Infinite under the same terms (i.e. S$24k+ per annum of spending).

If you earn then subsequently lose Rewards Infinite status your TREATS points will expire at the end of the calendar quarter following the lapsed membership, plus one year. The table below illustrates this.

Lapsed RI Membership	Points Expire On
1 Jan – 31 Mar 2026	30 Jun 2027
1 Apr – 30 Jun 2026	30 Sep 2027
1 Jul – 30 Sep 2026	31 Dec 2027
1 Oct – 31 Dec 2026	31 Mar 2028

Maybank Visa Infinite, World Mastercard and Catholic High Alumni Platinum Associates cardholders are automatically enrolled into the Rewards Infinite programme, so their pooled TREATS Points across all cards (including the Horizon Visa Signature) do not expire.

Remember once your points are transferred into KrisFlyer they will then have a further validity of three years from that month, while Asia miles never expire provided you earn or redeem at least one mile in the programme every 18 months.

Unfortunately back in November 2022 Maybank moved to the UOB-style $5 earning block rounding for points accrual, which means no points or miles for smaller transactions of up to $4.99.

For other small transactions, this also adversely affects the earn rate when you fall just below a $5 spend threshold, and that’s not easy to predict when you’re spending in FCY, since the rounding is applied after conversion to SGD.

Since any amount in Singapore dollars is first rounded down to the next $5 denomination, $5.00 is the minimum transaction amount to earn TREATS Points (and therefore miles) using the Maybank Horizon Visa Signature card.

Smaller transactions, including those converted from foreign currency into SGD which are subsequently charged to your card account at less than $5, will not earn any points.

For sub-$5 transactions, consider the DBS Altitude card (see our review) with a $1.54 minimum spend to earn miles, or the Citi PremierMiles card (see our review) with a $1 minimum spend.

Maybank charges a 3.25% fee for FCY transactions on its credit cards, so when spending at the 2.8 mpd rate you are effectively ‘buying’ miles at a cost of 1.22 cents each (which also assumes a 0.3% spread, so should be a worst-case scenario).

That’s quite competitive for general uncapped overseas spend, and remember it includes online transactions charged in currencies other than SGD, not just physical spend when you’re on a trip.

It’s worth pointing out that while the SCVI card can earn up to 3 mpd for FCY spend, its 3.5% FCY fee means buying miles at exactly the same cost (1.22 cents each).

Obviously cost per mile is less for eligible FCY spend on specialised bonus cards like 4 mpd options, which you should be exhausting first where possible.

Principal Maybank Horizon Visa Signature cardholders can benefit from complimentary access to the Ambassador Transit Lounge at Changi Airport, and to Plaza Premium Lounges in Singapore, Kuala Lumpur and Hong Kong, with a single retail transaction of $1,000 or more in the three months prior to the lounge visit.

Note that Excluded Transactions and Selected Categories spend don’t count towards that $1,000 single transaction.

Only one complimentary lounge visit per month will be issued to the principal cardholder, regardless of the number of $1,000+ transactions charged within three months prior to lounge visit.

Just present your physical credit card to gain access to the lounge, but do note you will be charged S$45 if you didn’t meet the $1,000+ retail spend in a single transaction in the last three months.

Your accompanying guests can also be admitted for 20% off walk-in rates at the Plaza Premium Lounges in Singapore, Kuala Lumpur and Hong Kong, if payment is made using the card. The guest discount doesn’t extend to the Ambassador Transit Lounge.

One nice thing about the Maybank Horizon Visa Signature card is that it occasionally offers an upsized 3.2 mpd earn rate on foreign currency spend, instead of the usual year-round 2.8 mpd rate. The exact scope varies from one promotion to the next – some have covered all FCY spend and air tickets, others only selected currencies.

The most recent of those deals ran from April to June 2026, offering an uncapped 3.2 mpd on FCY spend, but only for transactions in eight selected currencies – Chinese Yuan, Hong Kong Dollars, Indonesian Rupiah, Japanese Yen, Malaysian Ringgit, New Taiwan Dollars, South Korean Won and Thai Baht – as outlined below.

	Upsized Bonus Miles
Spend Period	1 Apr 2026 to 30 Jun 2026
Min. monthly spend	S$800
FCY Spend – 8 currencies (uncapped)	2.8 mpd 3.2 mpd
Other FCY spend (uncapped)	2.8 mpd

Unlike some earlier promotions, this one didn’t extend the bonus to air tickets, and was limited to those specific currencies rather than all FCY spend.

Previous deals were more generous. One running from November 2024 to January 2025 applied 3.2 mpd to all FCY spend and air tickets, as did a similar promotion in May and June 2024.

It’s good to know that you can probably expect a couple of these enhanced earn rate promotions to come up each year with this card, though the terms differ each time, so it’s worth checking the fine print.

The Maybank Horizon Visa Signature card also comes with the following perks:

• 20% Fuel Discount at Caltex Stations
  Get 20.05% discount and earn 1.2 mpd when you link your Diamond Sky Fuel Card to your Maybank Horizon Visa Signature card
• Complimentary travel insurance coverage of up to S$1,000,000
  When you charge your travel fares in full to your card. Details here
• Visa Concierge
  A 24/7 digital personal assistant and “lifestyle guide”

The Maybank Horizon Visa Signature card also comes in a Privilege version, reserved exclusively for Maybank Privilege Banking customers, who must meet the same income requirements as the standard card and maintain deposits and/or investments of S$50,000 or more with the bank.

This variant shares identical earn rates with the standard ‘classic’ edition, including the uncapped 2.8 mpd on FCY spend and 2.8 mpd on SGD air tickets up to S$10,000 per month (subject to the S$800 minimum monthly spend threshold). However, it unlocks a few additional perks designed to appeal to higher-net-worth individuals.

Key benefits of the Privilege Horizon Visa Signature include:

• A lifetime annual fee waiver, eliminating the need to meet the S$18,000 annual spend requirement for ongoing fee exemptions after the initial three years, though only for as long as you maintain Maybank Privilege status.
• Two complimentary Grab airport transfers per calendar year, each capped at S$20, for rides to or from Changi Airport. You’ll need to register once a year via the TREATS SG app to receive a promo code, then pay with the card via GrabPay, with any fare above S$20 charged to the card. Note the benefit is limited to the first 1,000 Privilege Horizon Visa Signature cardholders, and GrabHitch and GrabShuttle are excluded.
• The minimum spend for complimentary lounge access is halved from S$1,000 to S$500 in a single retail transaction within the prior three months, making it easier to redeem the one free visit per month at the Ambassador Transit Lounge in Singapore, or Plaza Premium Lounges in Singapore, Kuala Lumpur and Hong Kong.

Note that Maybank’s Privilege Banking web page advertises “unlimited” complimentary lounge access with this card. Its own terms and conditions, which prevail in the event of any inconsistency with marketing material, limit this to one visit per month.

If you’re already a Maybank Privilege Banking client or qualify to become one, this version offers a subtle upgrade without altering the core miles-earning potential, though the classic card remains sufficient for most of our readers focused purely on rewards.

Here are links to the full terms and conditions applicable to the Maybank Horizon Visa Signature card.

 Maybank Credit Card T&Cs
 Privileges and TREATS Points Programme T&Cs

The Maybank Horizon Visa Signature card now offers an uncapped 2.8 mpd on foreign currency transactions, including the likes of education and medical expenses, provided you spend at least $800 on the card in the same calendar month.

That’s a great selling point for those who regularly max out bonus earn rates of 4 mpd with other cards on the market, or for large transactions like tuition fees, which would otherwise exceed bonus spend caps.

There’s also a generous 2.8 mpd on air ticket spend with any airline, up to $10,000 per calendar month for tickets charged in Singapore dollars, and uncapped for those charged in foreign currency.

For both new and existing cardholders, these 2.8 mpd rates are even occasionally hiked to 3.2 mpd.

The card also benefits from being fee-free for the first three years (and probably thereafter for most), but do be aware of lacklustre local earn rates and 12-month points expiry.

Our Rating

3.5 / 5 among general spend cards

Maybank Horizon Visa Signature Card APPLY HERE

How we rate credit cards Best in class: A must-have for the miles earner in Singapore Excellent: A leader in its category with few if any downsides Very good: Drawbacks largely outweighed by the positive aspects Good: Useful benefits despite some poor features vs. other cards Average: Worth considering but not an essential addition to your wallet Conflicted: Some benefits but much better cards exist in the same category Poor: Few benefits worth having Very poor: Almost no benefits, not recommended Awful: Not worth considering

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(Cover Photo: Paul Carmona)