The Maybank XL Rewards Card (a.k.a. Maybank XLR) was recently launched in July 2025. With a great earn rate of 4 miles per dollar (4 mpd) on useful spending categories like dining, shopping, flights, hotels, entertainment and overseas, let’s look at why this is one of the best miles credit cards in Singapore.
Note: There are 2 variants of this card:
- Maybank XL Rewards Card: Earn 4 miles per dollar
- Maybank XL Cashback Card: Get 5% cashback
Both are great cards with similar conditions to achieve the bonus earn rates, but this review focuses on the miles variant: the Maybank XL Rewards Card.
My take on the Maybank XL Rewards Card
The Maybank XL Rewards Card is one of the best miles credit cards in Singapore for its strong 4 mpd earn rate on key spending categories like flights, hotels, shopping (online & in-person), dining, food delivery, entertainment and foreign currency spending (online & overseas).
However, be aware of its key limitations:
- Age restriction:
Only those aged 21 to 39 years old are eligible. - 1-year points validity:
Points earned on this card expire just 1 year after they are earned. Workaround: Make your points never expire through Maybank’s Rewards Infinite Programme.
Key information
Here’s a quick rundown of the important details of the Maybank XL Rewards Card.
Maybank XL Rewards Card
Card tier
Platinum Mastercard
Annual fee
S$87.20
(first 2 years waived)
Income requirement
S$30,000/year
(Singaporean, PR)
S$45,000/year
(Malaysian)
S$60,000/year
(Foreigner)
Foreign currency fee
3.25%
Points validity
1 year
(from transaction quarter)
Transfer partners
3
Transfer ratio
2.5 points = 1 mile
Min. transfer block
12,500-25,000 points
(5,000-10,000 miles)
Transfer fee
S$27.25 per transfer
Points pooling
Yes
General earn rate
1X point per dollar
(0.4 mpd)
Bonus earn rate
10X points per dollar
(4 mpd)
Calendar/Statement month
Calendar
Transaction/Posting date
Posting
Lounge access
None
Sign-up promo
Check here
Pros and cons
Here are the pros and cons of the Maybank XL Rewards Card, as compared to other miles credit cards in Singapore.
Pros
Great 4 mpd earn rate on a wide range of spending categories like flights, hotels, shopping (online & in-person), dining, food delivery, entertainment and foreign currency spending (online & overseas)
3 useful points transfer partners (KrisFlyer, Asia Miles, Enrich)
Cons
Age restriction of 21 to 39 years old
4 mpd earn rate requires at least S$500 monthly spending
4 mpd earn rate capped at S$1,000 worth of monthly spending
4 mpd earn rate on local spending is MCC-sensitive
Poor earn rate of just 0.4 mpd on non-bonus transactions
1-year points validity term
Annual fee payments don’t come with any miles
3.25% foreign currency fee (save ~1% with Amaze linkage)
Annual fee
Maybank XL Rewards Card has a lower-than-usual annual fee of S$87.20, which is automatically-waived for the first 2 years.
Related: Best Credit Cards with No Annual Fee
Is the annual fee worth it?
Although the Maybank XL Rewards Card is one of the best miles credit cards in Singapore, the annual fee is not worth it as it doesn’t come with any miles (unlike cards like Citi PremierMiles and HSBC TravelOne). In other words, the annual fee would negate some value that you earned from the card throughout the year.
Track the card’s anniversary date and request an annual fee waiver every single year.
Free Google Sheet Template: Suitesmile’s Credit Card Management Sheet
How to request an annual fee waiver?
Maybank credit card annual fee waivers can be done over the phone. Say something along the lines of “I saw the annual fee posted on my card. I am thinking of cancelling it, but can you waive the annual fee?”.
What if the annual fee waiver request is rejected?
Tracking your credit card anniversary gives you time to react if/when an annual fee waiver is not granted. It’s best to request for a waiver as early as possible (i.e. when the annual fee is posted in your card’s latest transactions, before you receive the latest statement).
If the initial annual fee waiver request is rejected, cardholders can attempt the following steps:
- Appeal the rejection via phone
- Still rejected? Redeem/Transfer out all remaining points immediately
- Wait for points transfer to complete
- Call to cancel the card
- If it was your only Maybank credit card, apply for the card 9 months later to enjoy another Maybank credit card sign-up promo
Earn rates
Maybank XL Rewards cardholders can earn 10 TREATS points per S$1 (equivalent to 4 miles per dollar) on a number of bonus categories.
Here’s the official definition:
| Bonus Category | Merchant Category Code (MCC) | Description |
|---|---|---|
| Dine (SGD) | 5811, 5812, 5814, 5462 | Caterers, Restaurant Dining, Fast Food, Bakeries, Food Deliveries |
| Shop (SGD) | 5262, 5310, 5311, 5331, 5399, 5621, 5631, 5651, 5655, 5661, 5691, 5699, 5941 | Apparels, Departmental Stores, Sporting Goods, Paid TV/Radio |
| Travel (SGD) | 3000-3299, 3300-3308, 4511, 4722, 7011 | Airlines, Lodging, Travel Agencies |
| Play (SGD) | 4899, 5813, 5815, 7832, 7993, 7994 | Bars, Cinemas, Ticketing Agencies, Arcades |
| Foreign Currency (Online or Overseas) | N/A | Transactions in foreign currencies |
In layman’s terms, this covers a wide variety of eligible merchants, including those in the following categories:
- Online shopping
- In-Person shopping
- Dining
- Flights
- Hotels
- Food delivery
- Miles/Points purchases
- Foreign Currency (online or overseas, any merchant category*)
*Broad foreign currency coverage, including Hospitals and School Fees.
✍️ The only key spending category not covered by this card is Groceries.
To enjoy this great earn rate, cardholders will have to accumulate at least S$500 of spending per calendar month, up to S$1,000 in the same period. In other words, the Maybank XL Rewards Card is only good when you spend between S$500 to S$1,000 per calendar month on the bonus categories.
Depending on your expenditure, this monthly limit may be too low. Consider other 4 mpd cards for spendings beyond S$1,000/month.
All other transactions earn just 1 TREATS point per dollar (0.4 mpd). This includes transactions that don’t belong in the bonus categories, under or above the spending bracket (S$500-S$1,000) and excluded transactions (more on this later).
Can I check the MCC before paying?
It requires a little trick, but you can! To do this, you’ll need an Amaze card to intentionally get a payment declined.
Here are the steps:
- Make sure that you have $0 or low balance in your Amaze wallet
- Link your Amaze card to the Amaze wallet (instead of a credit card)
- Next, attempt to pay for the online transaction using your Amaze card details
- The transaction will not go through (due to insufficient balance), but you can now check the MCC of the transaction in the ‘Activity’ tab in your Amaze app
Related: How to Check Merchant Category Code (MCC) Before You Pay
Amaze usage
The Maybank XL Rewards Card is best used with Amaze for foreign currency transactions (in-person or online) to save about 1% in foreign currency fee on SGD bonus categories like flights, hotels, dining, shopping (in-person & online), food deliveries and entertainment.
You’d earn 4 mpd with about 2% FX loss with this strategy (instead of 3.25%).
Usual benefit without Amaze
• Earn 4 mpd on SGD bonus categories like flights, hotels, dining, shopping (in-person & online), food deliveries, entertainment
• Earn 4 mpd on any foreign currency spending (overseas & online)
Benefits with Amaze
• Earn 4 mpd on selected SGD categories like flights, hotels, dining, shopping (in-person & online), food deliveries, entertainment
• Save about 1% in foreign currency fee
WARNING: Using Amaze for SGD spending will incur a 1% fee (min. 50 cents), making it really poor for SGD transactions, especially under S$50. To avoid this fee, use Amaze with the Maybank XL Rewards Card only for foreign currency spending.
Related: Best Credit Cards to Pair with Amaze
Maybank points rounding policy and S$5 earning block
According to the terms and conditions, TREATS Points are awarded for every block of S$5 spent per transaction, rounded down.
However, my statements show TREATS Points calculated on the total spend for the calendar month, rounded down to the nearest S$5, for both base and bonus points. Small transactions lose almost nothing to rounding. This works like the HSBC Revolution Card, which also calculates points on the month’s total.
As this differs from the terms and conditions, Maybank may change it without notice, so keep an eye on your statement.
Here’s how TREATS Points are awarded on the Maybank XL Rewards Card, based on my statements:
| Spend Type | How to calculate? |
|---|---|
| Bonus (4 mpd) | Total eligible spend for the calendar month round down to nearest S$5 → divide by 5 → multiply by 50 Example: S$627.20 → S$625 ÷ 5 × 50 = 6,250 points (2,500 miles) |
| Base (0.4 mpd) | Total spend for the calendar month round down to nearest S$5 → divide by 5 → multiply by 5 Example: S$627.20 → S$625 ÷ 5 × 5 = 625 points (250 miles) |
And here’s how the Maybank XL Rewards Card earns on small transactions, as compared to other 4 mpd cards:
| Card | Bonus Rate | S$1 | S$4.99 | S$9.99 | S$15 | S$19.99 | S$25 |
|---|---|---|---|---|---|---|---|
Maybank XL Rewards*† | 4 mpd | ~4 miles 4.0 mpd | ~20 miles 4.0 mpd | ~40 miles 4.0 mpd | 60 miles 4.0 mpd | ~80 miles 4.0 mpd | 100 miles 4.0 mpd |
 UOB Preferred Visa | 4 mpd | 0 miles 0 mpd | 0 miles 0 mpd | 20 miles 2.0 mpd | 60 miles 4.0 mpd | 60 miles 3.0 mpd | 100 miles 4.0 mpd |
 Citi Rewards | 4 mpd | 4 miles 4.0 mpd | 16 miles 3.21 mpd | 36 miles 3.6 mpd | 60 miles 4.0 mpd | 76 miles 3.8 mpd | 100 miles 4.0 mpd |
 UOB Lady’s* | 4 mpd | ~4 miles 3.6 mpd | ~18 miles 3.6 mpd | ~38 miles 3.8 mpd | 60 miles 4.0 mpd | ~78 miles 3.9 mpd | 100 miles 4.0 mpd |
 DBS Woman’s World | 4 mpd | 2 miles 2.0 mpd | 16 miles 3.21 mpd | 36 miles 3.6 mpd | 60 miles 4.0 mpd | 76 miles 3.8 mpd | 100 miles 4.0 mpd |
 UOB Visa Signature*^ | 4 mpd | ~4 miles 3.6 mpd | ~18 miles 3.6 mpd | ~38 miles 3.8 mpd | 60 miles 4.0 mpd | ~78 miles 3.9 mpd | 100 miles 4.0 mpd |
 HSBC Revolution* | 4 mpd | ~4 miles 4.0 mpd | ~20 miles 4.0 mpd | ~40 miles 4.0 mpd | 60 miles 4.0 mpd | ~80 miles 4.0 mpd | 100 miles 4.0 mpd |
* Bonus is calculated on the monthly total, so figures show each transaction’s share.
^ Requires S$1,000 minimum spend per category per statement period.
† Requires S$500 minimum spend per calendar month.
Calendar or statement month?
Bonus earn rates on specialized miles credit cards typically have monthly caps, which come in two forms:
- Calendar month (ends on the last day of the calendar month)
- Statement month (ends the day before your statement date)
The Maybank XL Rewards Card’s bonus earn rate is capped at S$1,000 worth of spending per calendar month. This translates to a maximum of 10k points (4k miles) that can be earned in a month, or 120,000 points (48,000 miles) in a calendar year.
Transaction date or posting date?
Credit card providers determine monthly qualifying spend based on either:
- Transaction date (date of the transaction, in Singapore time)
- Posting date (date when the transaction is posted in your credit card account, usually 2 to 4 days after the transaction)
The Maybank XL Rewards Card considers the posting date. However, as shared in point 3.5 of the terms and conditions, transactions made in a calendar month that are posted by the 10th day of the folowing month will count towards the minimum spending and cap of the transaction month.
For example, a transaction made on 31st May and posted on 3rd June will count towards the minimum spending and cap for the month of May.
Maybank rewards exclusions
Maybank shares a list of transactions that are excluded from earning rewards points. Using the Maybank XL Rewards Card for the following transactions will not earn any points:
tl;dr: Maybank’s exclusion list is more generous than other banks, as transactions like Hospitals and School Fees are not mentioned, giving you the opportunity to earn 4 mpd on these categories, but only when paying in a foreign currency (the card’s bonus category without MCC restrictions).
(a) NETS and eNETS transactions;
(b) Payments made to government or government institutions, agencies or companies or for government institutions or statutory boards or for government or government-related services (e.g. court cases, fees, fines, bail and bonds, tax payments, postal services, parking lots and garages, intra-government purchases or any other government services not classified here);
(c) Betting or gambling transactions;
(d) Brokerage/securities transactions;
(e) Charitable, Religious and Political Organisations;
(f) Cleaning, Maintenance & Janitorial Services;
(g) Utilities;
(h) Payment to insurance companies or for insurance premiums, excluding Etiqa Insurance;
(i) Transactions classified under the following Merchant Category Codes (“MCC”):
- MCC 6012 – Financial Institutions (Merchandise, Services, and Debt Repayment)
- MCC 6050/6051 – Financial Institutions/Non-Financial Institutions – Foreign Currency, Non-Fiat Currency (including but not limited to Cryptocurrency), Money Orders (Not Money Transfer), Account Funding (not Stored Value Load), Travelers Cheques, and Debt Repayment
- MCC 6529, MCC 6530, MCC 6540 – Financial Institutions/Merchants/Non-Financial Institutions – Stored Value Card Purchase/Load (including but not limited to Grab mobile wallet top-ups)
- MCC 4829/6534 – Money Transfer
- MCC 6010/6011 – Cash Disbursement
- MCC 7511 – Quasi Cash
(k) Transactions made via AXS or SAM;
(l) FlexiCash, FlexiPay, 0% Interest Instalment Plans, funds transfers, cash advances, finance charges, late payment charges, annual fees, reversals, interest charges, or any other miscellaneous charges charged to the Cardmember;
(m) Payment of funds to prepaid accounts such as those listed below (the following list is not exhaustive and Maybank reserves the right to amend the list from time to time without giving prior notice or reason to any party):
- BAGUS*
- BANC DE BINARY
- BANCDEBINARY.COM
- CANTINE*
- EZ Link
- EZ Link transport
- EZ LINK PTE LTD (FEVO)
- EZ-Link
- EZ-Link EZ-Reload (ATU)
- EZ-LINK (IMAGINE CARD)
- EZ-LINK*
- EzLink
- EZLINK
- EZLINKS.COM
- Flashpay ATU
- INSTAREM
- MB * MONEYBOOKERS.COM
- NETS VCASHCARD
- OANDA ASIA PAC*
- PAYPAL* BIZCONSULTA
- PAYPAL* CAPITALROYA
- RAZERPAY*
- SEDAP*
- SGEBIZ*
- SIMPLYGO*
- SINGAPORE E-BUSINESS*
- SINGTEL DASH
- SKR*Skrill.com
- SKR*xglobalmarkets.com*
- SKYFX.COM*
- TRANSIT*
- TRANSIT LINK*
- TRANSITLINK*
- WWW.IGMARKETS.COM.SG
- WWW.MYEZLINK.COM.SG
- WWW.PLUS500.CO.UK
- YOUTRIP*
(n) Any other transactions which Maybank may determine from time to time without prior notice.
When are points credited?
Cardholders will receive both their base (1X) and bonus (9X) TREATS Points at the same time. These points are credited in a single lump sum on the 11th of the calendar month following the transaction month.
This is an important detail to note, as it means you’ll need to wait until the next month to see your rewards. For instance, points from all your eligible spending in September will only be credited on 11 October. Factoring in this delay can be crucial when planning your points redemptions.
Points validity
Points earned on the Maybank XL Rewards Card expire 1 year after the calendar quarter when they were earned.
Here are some examples:
| Points earned | Points expire (1 yr from transaction quarter) |
|---|---|
| 20 Sep 2025 (Q3) | 30 Sep 2025 (Q3) |
| 5 Oct 2025 (Q4) | 31 Dec 2025 (Q4) |
| 15 Nov 2025 (Q4) | 31 Dec 2025 (Q4) |
| 27 Dec 2025 (Q4) | 31 Dec 2025 (Q4) |
| 3 Jan 2026 (Q1) | 31 Mar 2027 (Q1) |
Maybank XL Rewards cardholders can check expiring TREATS points in their monthly credit card statement, which can be found in the Maybank2u mobile app.
Rewards Infinite programme
As mentioned above, one of the significant drawbacks of the Maybank XL Rewards Card is the short 12 to 15-month validity period for TREATS Points earned. However, the workaround to make your points evergreen is by qualifying for the Rewards Infinite programme.
There are two ways to qualify for the Rewards Infinite programme:
- Complimentary Membership: Hold a Maybank World Mastercard or Maybank Visa Infinite Card
- Qualify by Spending: Spend a minimum of S$24,000 in a membership year on points-earning Maybank credit cards, including the Maybank XL Rewards Card
Points pooling
Points earned on the Maybank XL Rewards Card pool with those earned on other points-earning Maybank cards, like the Maybank World Mastercard and Maybank Horizon Visa Signature Card.
Related: Best Maybank Credit Cards in Singapore
Points pooling gives you 2 key advantages:
- If you don’t get an annual fee waiver on 1 card, you can cancel that card and keep the points, as long as you have at least 1 other points-earning Maybank card.
- When transferring points to a frequent flyer program (FFP), you’ll pay the S$27.25 transfer fee only once, regardless of how many Maybank cards you’re pooling from.
Transfer partners
TREATS points earned on the Maybank XL Rewards Card can be converted to miles on 3 useful FFPs, KrisFlyer, Asia Miles and Enrich.
P.S. TREATS points can also be transferred to AirAsia, but it’s almost impossible to extract good value with the 4,000:2,000 conversion ratio. Besides, do you really want to spend time and effort maximizing the benefits of this card just to redeem for budget airline flights?
Related: Credit Card Transfer Partners in Singapore (all banks)
| Frequent Flyer Program | Conversion Ratio & Block |
|---|---|
| Singapore Airlines KrisFlyer | 25,000 TREATS points ↓ 10,000 miles |
| Cathay Pacific Asia Miles | 12,500 TREATS points ↓ 5,000 miles |
| Malaysia Airlines Enrich | 12,500 TREATS points ↓ 5,000 miles |
How to transfer Maybank points?
You can convert your Maybank TREATS Points to airline miles through the Maybank TREATS SG App or the Maybank2u website. The process is straightforward.
How much do Maybank points transfers cost?
Each transfer from Maybank points to miles costs S$27.25.
How long do Maybank points transfers take?
TREATS points transfers to airline miles typically take 2 to 5 working days.
Additional note: If the validity term allows, keep your miles/points in the credit card instead of transferring to FFPs speculatively. This gives you the flexibility to only transfer the points to an FFP when making a booking, after checking award availability.
Best ways to redeem Maybank points
The best way to redeem Maybank TREATS points is to convert them to air miles and redeem them for flights. As shared above, Maybank only has 3 useful transfer partners (vs Citibank’s 8), each of them offering best value on different routes:
- Singapore Airlines KrisFlyer: Between Singapore and New Zealand, Australia, Beijing, Shanghai, India, Maldives, Nepal, Sri Lanka, USA
- Cathay Pacific Asia Miles: Between Singapore and Hong Kong, Mainland China, Europe
- Malaysia Airlines Enrich: Between Malaysian cities
✍️ Read more about the cheapest ways to fly to Japan, South Korea, Europe, US/Canada using Singapore credit card miles.
Here are some of the best ways to redeem Maybank TREATS points:
| Route (to/from SIN) | FFP | Airline | Miles Required (Class) |
|---|---|---|---|
| Kuching, Kota Kinabalu | KrisFlyer |  Scoot | 2k (Economy) |
| Bangkok, Phuket | KrisFlyer | Scoot | 2.5k (Economy) |
| Hong Kong, Taipei | Asia Miles |  Cathay Pacific | 9k (Economy) |
| 27k (Business) | |||
| Beijing, Shanghai | KrisFlyer |  Singapore Airlines | 20.5k (Economy) |
| 45k (Business) | |||
| Mumbai, Maldives | KrisFlyer | Singapore Airlines | 45k (Business) |
| Japan, S. Korea | KrisFlyer | Scoot | 12.5k (Economy) |
| Asia Miles | Cathay Pacific | 20k (Economy) | |
| KrisFlyer | Singapore Airlines | 54.5k (Business) | |
| Perth | KrisFlyer | Scoot | 6.5k (Economy) |
| Melbourne, Sydney, Auckland | KrisFlyer | Singapore Airlines | 29k (Economy) |
| 72k (Business) | |||
| Europe | Asia Miles | Cathay Pacific | 27k (Economy) |
| 91k (Business) | |||
| US/Canada | Asia Miles | Cathay Pacific | 38k (Economy) |
| KrisFlyer | Singapore Airlines | 112.5k (Business) |
Maybank FOMO Fridays
Maybank XL Rewards cardholders can enjoy special offers on their Maybank app once every two Fridays.
Key FOMO Fridays promo terms
- Promo runs for 2 weeks, from the 1st and 3rd Fridays of each month, at 10am
- Each cardholder can only claim 1 offer per promo period
- Claim offers in the Maybank TREATS SG mobile app
- Limited quantities available (while stocks last)
- Instant purchase offers are immediately charged to the card, after tapping the ‘SAVE TO MY COUPONS’ button
🎁 Check out the latest FOMO Friday deal
Here are some past and present FOMO Fridays deals:
How to save FOMO Fridays offers
Maybank shared the following steps to save FOMO Fridays offers:
- Download the Maybank TREATS SG app and log in
- Tap on ‘Privileges’ and ‘FOMO Fridays’
- Tap on ‘SAVE TO MY COUPONS’ to claim an offer
Maybank XL Rewards Card alternatives
As a reminder, the best miles credit cards in Singapore award 4 miles per dollar on your spending, albeit with monthly caps.
Here’s how the Maybank XL Rewards Card compares against other good miles cards:
| Card | Bonus Earn Rate | Min./Max. Spend (per month) | Bonus Categories | Transfer Partners (useful ones) | Miles Validity |
|---|---|---|---|---|---|
Maybank XL Rewards | 4 mpd | Min. S$500 Max. S$1k |
| 3 | 1 year |
Citi Rewards | 4 mpd | Max. S$1k |
| 8 | 5-year cycles |
HSBC Revolution | 4-8 mpd | Max. S$1k (or S$1.2k) |
| 6 | 3 years |
UOB Preferred Visa | 4 mpd | Max. S$600 (per category) |
| 2 | 2 years |
DBS Woman’s World | 4 mpd | Max. S$1k |
| 2 | 1 year |
UOB Lady’s | 4 mpd | Max. S$1k | CHOOSE ONE:
| 2 | 2 years |
UOB Visa Signature | 4 mpd | Min. S$1k Max. S$1.2k (per category) |
| 2 | 2 years |
 OCBC Rewards | 4 mpd | Max. S$1.11k |
| 2 | 2 years |
Frequently asked questions
Here are some frequently asked questions about the Maybank XL Rewards Card:
Is the Maybank XL Rewards Card a good miles card?
Yes, one of the strongest 4 mpd cards for travel. Earn 4 mpd on a wide range of bonus categories, including flights, hotels, online and in-person shopping, dining, food delivery, entertainment and foreign currency spend.
Two catches. It is only open to applicants aged 21 to 39, and TREATS points expire 1 year after they are earned, though you can make them never expire by joining Maybank’s Rewards Infinite programme.
Which categories earn 4 mpd?
Online shopping, in-person shopping, dining, flights, hotels, food delivery, miles and points purchases, and any foreign currency spend. Groceries are the one major category left out.
Is there a minimum spend?
Yes. You need at least S$500 of total card spend in a calendar month to earn 4 mpd on the bonus categories, capped at S$1,000 of bonus spend.
When do TREATS points expire?
One year after the calendar quarter in which they were earned. Expiring points show in the monthly statement in the Maybank2u app.
Points stop expiring if you qualify for Rewards Infinite by holding a Maybank World Mastercard or Visa Infinite, or by spending S$24,000 a year on points-earning Maybank cards.
Which frequent flyer programs can I transfer to?
KrisFlyer, Asia Miles and Enrich, at 2.5 TREATS points per mile and S$27.25 per transfer. Transfers take 2 to 5 working days.
Should I use Amaze with this card?
Only for foreign currency spend on the bonus categories, where it cuts the FX cost from 3.25% to about 2% while keeping 4 mpd. Amaze adds a 1% fee (minimum 50 cents) on SGD spend, so it is a poor pairing for local transactions.
When are TREATS points credited on the Maybank XL Rewards Card?
Both base (1X) and bonus (9X) TREATS points are credited together, in a single lump sum, on the 11th of the calendar month following the transaction month. For example, spending in September is credited on 11 October.
Is the annual fee on the Maybank XL Rewards Card worth it?
No, it’s not worth it as the S$87.20 fee doesn’t come with any miles, so paying it negates some of the value the card earns. Request a waiver every year.
Sign-up promotion
New cardholders of Maybank can usually get miles, cash, vouchers and/or gadgets worth up to S$700 when applying for a Maybank credit card.
Previous Maybank credit cardholders who cancelled their last card with the bank (as a principal cardholder) more than 9 months ago will also qualify as a new cardholder.
🎁 Check latest sign-up promotion for Maybank XL Rewards Card
Should you get the Maybank XL Rewards Card?
As there aren’t many good miles credit cards for flight, hotel and overseas spending, the Maybank XL Rewards Card fills the gap nicely. As a bonus, cardholders can also enjoy the great 4 mpd earn rate on other non-travel categories like online shopping, dining, groceries and food delivery.
However, the 1-year points validity term can be problematic, if you don’t use this card regularly to accumulate enough points to transfer out. Definitely consider qualifying for the Maybank Infinite Rewards Programme to keep the points from expiring.
The S$500 minimum monthly spending requires some pre-planning, because there’s no point of using this card when spending less than that in a calendar month.
Get the card if you:
- Are between 21 and 39 years old
- Want to accumulate miles fast for future travels
- Consistently spend at least S$500 per month on the bonus categories
- Understand the extra work that comes with the Miles Game (e.g. tracking miles validity, award availability, transfer timing etc.) and have rough award goals
- Are disciplined enough to track the short points expiry term on this card and transfer the points out before they expire
- Want to earn miles on foreign spend with few MCC restrictions
- Want to take advantage of a good sign-up promo
Don’t get the card if you:
- Don’t travel much
- Only want cashback
- Hardly spend over S$500 per month
- Want better miles flexibility (get the Citi Rewards Card instead)
- Have absolutely no idea how to redeem miles for flights (get some basic knowledge beforehand; don’t dive in blindly)
- Don’t want the trouble of requesting an annual fee waiver every year (consider credit cards with no annual fee)
✍️ Apply for the Maybank XL Rewards Card
P.S. This card is part of my miles & credit card strategy for 2026.
Terms and conditions
Check out the official documents of the Maybank XL Rewards Card:
- Maybank XL Rewards Card terms and conditions
- Maybank TREATS Points Rewards Programme terms and conditions
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