Best Credit Cards for School Fees Singapore (Miles vs Cashback)

This card gives you a strong earn rate of 4 miles per dollar on selected spending categories like flights, hotels, dining, shopping (in-person & online), food deliveries, entertainment and foreign currencies (overseas & online), when spending at least $500 and up to $1,000 per calendar month.

But oldies beware, this card is only available to those aged 21 to 39 years old.

Qualifying transactions:
Only whitelisted Merchant Category Codes (MCCs) for each spending category qualify for the bonus earn rate. Unsure about the MCC? Check before making the payment.

However, if you’re spending in a foreign currency, it doesn’t matter what the MCC is, provided it doesn’t fall under the general exclusions stated in the t&c. What’s great is that typically-excluded spending categories like Utilities, Medical and Education qualify for the 4 mpd earn rate, when paying in a foreign currency.

All other transactions earn just 0.4 mpd (uncapped).

The biggest drawback of this card is its short points expiry term of just 1 year. Cardholders should set yearly reminders to transfer out the points before they expire. Pro tip: Qualify for the Rewards Infinite programme to ensure that points earned across all your Maybank cards doesn’t expire.

Cardholders can reduce the foreign currency fee by about 1% by pairing this card to Amaze. IMPORTANT: Only do this for the non-foreign currency bonus categories (flights, hotels, dining etc.) made in foreign currency (not SGD).

📄 Complete review of the Maybank XL Rewards Card

Also check out the highly-rated Maybank XL Cashback Card.

💸 Annual fee
$87.20
(First 2 years waived)

👶 Age requirement
21 to 39 years old

💼 Income requirement
$30,000/year

🤑 Foreign currency fee
3.25%

⏰ Points expiry
1 year from transaction quarter
(No expiry if you qualify for the Rewards Infinite programme)

🫱‍🫲 Transfer partners
KrisFlyer, Asia Miles and Enrich

💯 Transfer ratio
2.5 points = 1 mile

🧮 Transfer blocks
KrisFlyer: 25,000 points (10,000 miles)
Asia Miles & Enrich: 12,500 points (5,000 miles)

💲Transfer fee
$27.25 per transfer

🤗 Points pooling
Points from this card can be combined with those from other Maybank cards and transferred out together at once.

❓How points are credited
Earn 5 base TREATS point per $5 dollar spent, plus 45 bonus TREATS points for eligible transactions (equivalent to 4 mpd in total).

📜 Terms & conditions
📜 Terms & conditions of Maybank TREATS points