Credit Cards Deals

Maybank boosts miles rates on the Horizon Visa card for 2 months – up to 4.2mpd

Another welcome miles earning boost kicks off just as Citi and OCBC call time on their promotions

EXPIRED This article relates to an offer or promotion which has now expired.

Maybank Building (Erwin Soo).jpg

Good news for those of you who hold the Maybank Horizon Visa Signature card (you may even be looking closely at it following our review of the card on Monday this week) – a new promotion has been announced boosting the miles earning rates on all the spending categories by an extra 1 mile per dollar.

Update 2nd August 2018: The promotion has now been extended to holders of the Maybank World Mastercard. “Maybank World Mastercard cardmembers now enjoy 5 air miles at participating merchants and 1.4 air miles for all other spend!” See here.

Labelled the ‘Triple One Campaign’ to celebrate Singapore National Day, the offer is valid from 1st August 2018 (today) to 30th September 2018, so you have 2 full months to take advantage.

You’ll need to spend at least S$1,000 on your card in both August and September to enjoy the enhanced rates throughout the promotional period, alternatively you can choose to participate for just one of the two months if you prefer (we clarified this with Maybank).

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The bonus rates

Category Standard Rate Bonus Rate
Dining
Petrol
Taxi fares
3.2 4.2
Overseas spend
Air tickets
Travel packages
2.0 3.0
All other spend 0.4 1.4

While the headline rate is clearly in the dining, petrol and taxi fares spend category, it’s the increases for overseas spend and general (local) spending which are the standouts here for us – rising to 3.0 miles per dollar and 1.4 miles per dollar respectively.

Now that the Citi 8 mpd with Apple Pay has ended and the OCBC 4 mpd mobile payments offer comes to a premature end in the next few days, these enhanced rates from Maybank are up there with the best credit cards on the market right now (with the exception of the BOC Elite Miles card, but let’s face it – who actually has one of those yet? Processing will take at least 2-3 weeks from application date according to a BOC representative we spoke to).

Here’s how Maybank break down the number of miles you can achieve in this promotion with an example: