Maybank XL Rewards Card
Card Details
Good For
Travellers and overseas online shoppers earning miles on FCY spend
Lifestyle spenders covering dining, shopping, and entertainment
Miles collectors with consistent monthly spend
Younger customers (21–39) starting a miles strategy
Things To Note
You must meet a monthly minimum spend to unlock 4 mpd; otherwise earn the base rate
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Maybank XL Rewards Card: Overview & Key Features
The Maybank XL Rewards Card is a rewards credit card designed for young Singapore residents aged 21–39 who want to earn travel miles on everyday spending. With up to 4 air miles per $1 across dining, shopping, travel, entertainment, and overseas purchases, it's ideal for lifestyle spenders and frequent travellers building miles on both local and international spend.
Feature | Details |
Earn rate | Up to 4 miles per $1 (10X TREATS Points) on eligible categories; 0.4 miles per $1 (1X base rate) spent on other transactions |
Bonus categories | Dining, shopping, travel, entertainment, foreign currency spend |
Monthly caps | Minimum $500 monthly spend on eligible categories required; capped at 10,000 TREATS Points per month |
Annual fee | $87.20 (First 2 years waived); subsequent waiver with $6,000 annual spend |
Eligibility | Ages 21–39 Minimum annual income:
|
Redemption | Convert to airline miles (KrisFlyer, etc.), vouchers, or statement credits |
Card network | Mastercard |
How XL Rewards & Fees Work: TREATS Points, Redemption, and Charges
Here’s a practical look at how you can earn and use TREATS Points with your Maybank XL Rewards Card, while navigating potential fee traps.
How TREATS Points are earned
Spend category | Earn rate | Monthly requirement | Monthly cap |
Dining, shopping, travel, entertainment, foreign currency | 4 miles per $1 (10X TREATS Points) | $500 min. spend | 10,000 bonus points |
All other eligible spend | 0.4 miles per $1 (5 TREATS Points per $5) | N/A | N/A |
Certain transaction types classified as excluded merchant categories (MCCs) do not earn rewards:
- Insurance payments
- Utilities
- Education fees
- Government-related payments
- Charitable donations
- E-wallet top-ups
Redeeming TREATS Points
Redemption type | Details | Notes |
Airline miles (KrisFlyer) | Min. 25,000 TREATS Points per transfer | Conversion rate and admin fees may apply; other airlines available via Maybank rewards portal |
Vouchers & cashback | Variable minimum blocks | Can expect reward redemptions like gift vouchers, and statement credits Check Maybank app for specific requirements |
Points expiry | 12–15 months from end of quarter earned | E.g. Jan–Mar 2026 points will expire by 31 Mar 2027 💡 MoneySmart Tip: Pool across Maybank cards to maximise value |
Main fees & how to avoid them
Fee type | Amount / method | How to avoid or minimise |
Annual fee | $87.20 (waived for 2 years); subsequent waiver with $6,000 annual spend | Spend at least $6,000 yearly |
Late payment fee | 5% of minimum due or $100, whichever is higher | Pay at least the minimum each month, on time |
Foreign transaction fee | 3.25% of SGD equivalent | Limit non-SGD / overseas spend for non-essential purchases |
Cash advance fee | 8% of amount or minimum $15, whichever is higher | Avoid cash advances |
💡 MoneySmart Tip: Annual fee waivers are automatic if you meet the $6,000 yearly spend, but you can also request ad-hoc waivers or late fee waivers directly through Maybank’s hotline or secure message in your online banking portal/app.
Maybank XL Rewards Card vs. Competitors: Rewards Card Comparison
Here's how the Maybank XL Rewards Card stacks up against two alternative Maybank cards and two principal rewards rivals in Singapore. Use this table to zero in on key differences, but always check MoneySmart for live deals and eligibility changes.
Card name | Bonus rewards earn rate | Annual fee | Minimum annual income (Singaporean / PR) | Unique perk | ⭐ Best for |
4 miles per $1 (10X TREATS Points) on dining, shopping, travel, entertainment & foreign currency Min. $500 spend per month required Capped up to 10,000 bonus points per month | $87.20 (first 2 years waived); $6,000 for continuing waiver | $30,000 | Ages 21–39 only | Young professionals (aged 21–39) earning miles on lifestyle spend | |
Up to 8% cashback on 5 chosen categories (groceries, dining, transport, data/streaming, retail) 8% cashback on MYR and IDR currency Min. $800 spend per month Capped at $25 per category per month | $196.20 (first 3 years waived); $12,000 annual spend for subsequent waivers | $30,000 | Customisable categories & international cashback across select Southeast Asian countries | Families optimising daily essentials and cross-border spend | |
2.8 miles per $1 (7X TREATS) on air tickets & foreign currency (min. $800 per month) 1.2 miles per $1 (3X TREATS) on local travel / dining / shopping | $196.20 (first 3 years waived); $18,000 annual spend for subsequent waivers | $30,000 | Up to S$1 million complimentary travel insurance coverage Airport lounge access with $1,000 in a single spend | Frequent flyers spending on flights and overseas | |
10X Citi ThankYou Points (4 miles per $1) on online and shopping (excludes travel / mobile wallets); base 1X earn rate otherwise Capped at 9,000 bonus points per month | $196.20 (1st year waived) | $30,000 | Points valid for 5 years since accrual | Online shoppers seeking to maximise online spend but redeem points infrequently | |
4 miles per $1 (10X Points per $5) on eligible online transactions 1.2 miles per $1 on eligible overseas spend 0.4 miles per $1 on all other spend | $196.20 (1st year waived) | $80,000 | Complimentary e-commerce protection Accessible to all genders despite card name | High-income earners maximising eligible online retail spend |
Eligibility & Application Process For Maybank XL Rewards Card
Eligibility criteria
Criteria | Requirements |
Age | Must be at least 21 years old; maximum 39 years old |
Citizenship / Residency | Singapore Citizens, Singapore Permanent Residents (PRs), and Foreigners (with valid work pass) |
Minimum annual income | Singapore Citizens/PRs: $30,000 annual income Malaysian citizens: $45,000 annual income Other foreigners: $60,000 annual income |
Required documents | Valid identification:
Proof of income: Latest payslip, Income Tax Notice of Assessment, or CPF contribution statement For foreigners only: Valid work pass/Employment Pass/S Pass (min. 6 months validity) + proof of Singapore address (utility bill, bank statement, or tenancy agreement dated within 3 months) |
How to apply for Maybank XL Rewards Card: Step-by-step guide
Action | Details |
| Browse MoneySmart's Maybank credit card comparison page and select the Maybank XL Rewards Card. When ready, click the "Apply Now" button to kickstart your card application journey. At this stage, you'll also be prompted to fill in your email address on the MoneySmart Rewards Form to qualify & track ongoing promotions and statuses. |
If there are no ongoing promos, you'll be redirected to Maybank's secure online application portal. For Singaporeans/PRs, use Singpass for faster auto-fill of personal and income data. For foreigners, prepare to manually enter details and upload documents such as your passport, work pass (min. 6 months’ validity), latest payslip, and proof of Singapore address. ⭐ File requirements: PDF, JPG, or PNG format; max 5MB per file; ensure all 4 corners visible and text legible. | |
Double-check all details are accurate. Review terms and conditions, then submit your application. You'll receive an acknowledgment email with your application reference number. | |
Maybank reviews your application and conducts KYC (Know Your Customer) checks. Typical processing time: 7–14 business days If additional documents are needed, you'll receive an email or SMS notification. Check your email/SMS regularly for updates. | |
Upon approval, your digital card should be available to you almost instantly. Meanwhile, your physical card will be mailed to your registered address via registered mail within 7–14 business days. Delivery requires signature. Activate your card via Maybank app or call 1800-MAYBANK (1800-629 2265) before first use. |
💡 MoneySmart Tip: For more in-depth step-by-step guidance and broader application requirements, see our guide on requirements to get a credit card in Singapore.
What Customers are Saying About Our Credit Card Applications (From Google Reviews)
Your Spending Deserves Even More Rewards
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What If Your Credit Card Application is Unsuccessful?
If your card application was rejected, fret not. Here are some potential reasons and solutions to resolve the rejection:
Reason | Details |
Eligibility criteria not met | Income, age, residency status, or document requirements don't meet Maybank's standards. Review the Eligibility Criteria table above for complete requirements. ⭐ If additional documents are needed, you'll receive an email or SMS. Submit via Maybank's online portal or email to continue processing. |
Maximum credit limit reached | Total credit limit across all banks already at regulatory maximum (typically 2x monthly income) |
Overdue loans or defaults | Outstanding overdue payments with other banks or negative credit bureau records |
Employment verification failed | Maybank unable to verify employment details or income stated |
⚠️ MoneySmart Tip: To avoid application scams, only apply via official MoneySmart or Maybank channels. Never share your Singpass login, OTP codes, or passwords with anyone claiming to be from the bank. If you receive suspicious emails, SMS, or calls requesting personal details or upfront payments, verify directly by calling 1800-MAYBANK (1800-629 2265) before responding.
Common Maybank XL Rewards card pitfalls
Watch out for these frequent mistakes:
❌ Missing the $500 minimum monthly spend: If you don't spend $500 in eligible categories monthly, all spend reverts to base rate (0.4 miles per $1 instead of 4 miles per $1).
❌ Overlooking the monthly cap: Bonus points capped at 10,000 per month. Beyond that, you earn base rate only.
❌ Excluded merchants: Utilities, insurance, government payments, education fees, donations, and e-wallet top-ups don't earn points. Check merchant category codes before large purchases.
❌ Foreign currency fees eat into rewards: 3.25% fee on overseas spend can erase value. Calculate whether bonus points justify the cost.
❌ Points expire quickly: TREATS Points expire 12–15 months from quarter earned. Set redemption reminders or pool across Maybank cards to avoid losing points.
📰 Policy changes: Maybank may update earn rules, exclusions, or redemption options at any time per MAS guidelines. Review current terms in the Maybank app or online portal before major spend.
FAQs About Maybank XL Rewards Card in Singapore
How do I earn 10X TREATS Points (4 miles per S$1) with the XL Rewards Card?
To unlock the top earn rate, spend at least $500 monthly in dining, shopping, travel, entertainment, or foreign currency to earn 10X TREATS Points (4 miles per $1) on eligible purchases, capped at 10,000 bonus points per month. Spend above the cap or in non-eligible categories earns the base 0.4 miles per $1 rate.
Excluded transactions like utilities, insurance, education fees, government payments, donations, e-wallet top-ups, will not earn bonus points / miles.
What should I do if my points are missing or not credited correctly?
First, verify that your purchases fall under eligible categories and you’ve hit the monthly $500 minimum spend. Transactions like insurance, utilities, educational, and government payments do not earn points. If all criteria are met and you still don’t see your points, contact Maybank customer service at 1800-MAYBANK (1800-629 2265) or via the secure messaging in your Maybank app.
What are the main fees for the Maybank XL Rewards Card?
Key charges to look out for are:
- Annual fee: $87.20 (waived for the first 2 years). After that, waived if you spend $6,000 or more each year.
- Late payment fee: 5% of the minimum payment due or $100 (whichever is higher).
- Foreign currency fee: 3.25% for any transaction in non-SGD currencies.
- Cash advance fee: 8% of the withdrawn amount or minimum $15.
Monitor your monthly spend and pay your bill on time to avoid late fees. Try to minimise overseas and cash advance usage unless the rewards outweigh the costs.
How can I request an annual fee waiver for the Maybank XL Rewards Card?
Annual fee waivers are automatic if you spend $6,000+ annually from year 3 onwards. For ad-hoc waivers, call 1800-MAYBANK (1800-629 2265), submit via Maybank app or online banking, or visit any branch. Approval depends on spend history and payment record and are not guaranteed.
How do I redeem TREATS Points for airline miles or other rewards?
Log in to Maybank rewards portal (app or online banking) and select "Redeem Points." Options include:
- Converting points for miles: Minimum 25,000 points (KrisFlyer, Asia Miles, Enrich)
- Rebate redemptions like shopping vouchers, statement credits, or cashback
Points expire 12–15 months from the quarter earned (e.g. Jan–Mar 2026 points expire 31 Mar 2027).
Who is eligible for the Maybank XL Rewards Card?
You must be a Singaporean or PR aged 21–39, with minimum annual income of $30,000. Foreigner requirements are $45,000 per year (Malaysia citizens) or $60,000 per year (other foreigners), plus valid work pass and proof of local address.