Mari Credit Card First Look – SG Highest Unlimited Cashback Card

**Get S$8 no min spend Shopee Voucher* when you successfully apply for the Mari Credit Card**

*For New Mari Credit Card Holders only. T&Cs apply. Voucher usage is subject to terms and conditions found on the Shopee Voucher.

MariBank launched its first credit card, Mari Credit Card, which offers Singapore’s Highest Unlimited Cashback¹ rate of 1.7% on eligible card spend, with no minimum spend and no cashback cap. In case you haven’t heard, MariBank is a digital bank licensed by the Monetary Authority of Singapore and a wholly-owned subsidiary of Sea Limited.

Key Benefits:

Earn 1.7% Unlimited cashback on eligible card spend²
Earn 5% Unlimited Shopee Coins³ with Mari Credit Card Instant Checkout
No minimum spend and no maximum cashback cap
No Annual Card Fee and almost instant approval
Able to set up auto credit card bill repayment from your Mari Savings Account using the MariBank app making it even simpler for you

Let’s deepdive into each benefit!

1.7% Unlimited Cashback on eligible card spend

The first and most exciting benefit is that you earn 1.7% Unlimited Cashback on eligible card spend. Unlimited means that there is no maximum cashback cap. Plus, there is no minimum spend required for this card, every dollar spend is going to earn you 1.7% cashback!

Of course, there are the usual bank exclusions like insurance or government payments, but nothing out of the ordinary when compared to other banks!

5% Unlimited Shopee Coins on Shopee spend

For those who love to shop on Shopee, this card is definitely for you. Mari Credit Card has an Instant Checkout feature on Shopee that allows users to perform seamless checkout without having to key in your credit card details. This feature is called the “Mari Credit Card Instant Checkout”, simply sign up for the card and do a one-time linkage of your Mari Credit Card to your Shopee account. Here is the guide, if you need. All purchases made will be collated in your card statement, fuss-free!

It comes with 2 payment options – (1) Pay In Full, (2) 3x Installments. Only by checking out with ‘Pay In Full’, you can enjoy 5% Shopee Coins! The best part, you can instantly tell how many coins you will receive by scrolling to the bottom of the checkout page. No more mental sums! If you are still hungry for more Shopee coins, you can stack them with promotional vouchers on the Shopee platform, this includes Mari Credit Card exclusive vouchers that you may receive in your voucher wallet!

Don’t Forget to Stack Shopee Vouchers with the 5% Shopee Coins for Your Purchases!

This is purely for illustration purposes.

Recently, I became interested in a portable dishwasher that I might purchase for my future home. At the time of writing, it was priced at S$369.

I claimed a 15% cashback voucher on Shopee to get S$40 worth of Shopee Coins from the “Daily Vouchers” section. This voucher allows me to earn a maximum cashback of 4,000 Shopee Coins and requires a minimum purchase of S$50 for home appliances products. Discounts will differ from promo to promo. So do check your Shopee app for the latest voucher drops to get maximum value.

Additionally, by charging this transaction to my Mari Credit Card using the Mari Credit Card Instant Checkout Pay In Full, I enjoyed additional 5% Shopee Coins i.e. 1,845 Shopee Coins (worth S$18.45). In total, through this purchase, by stacking the voucher with my Mari Credit Card Instant Checkout, I received 5,845 Shopee Coins (worth S$58.45), which is equivalent to 15.8% of the listed price of my home appliance (excluding shipping fee).

This card is especially great for people who shop a lot on Shopee because the 5% Shopee Coins have no limit. Even if you spend a large amount, like S$1,000 or S$10,000, you’ll still get 5% Shopee Coins . Nowadays, you can find almost anything on Shopee and there are currently no credit cards in Singapore that give you UNLIMITED 5% Shopee Coins !

Do note that the following actions do not earn you 5% Shopee Coins:

Checking out via “3x Installments” instead of “Pay In Full” via Mari Credit Card Instant Checkout.
Manually entering your Mari Credit Card 16- digit number, under the Credit Card/Debit Card payment method. This checkout option will earn you 1.7% cashback instead. These rewards are not stackable.
Purchasing products under the “Digital Products” catalogue. E.g. Telco top-ups.

No Annual Card Fee and almost instant approval

Thirdly, there is no Annual Card Fee, which means that you don’t have the added hassle to call the bank for a waiver every year. Personally, I could almost instantaneously submit my card application and I got the approval really quickly.

Eligibility & Fees:

Minimum Annual Income: S$30,000
Citizenship: Singaporeans or PR
Age: 21 years old and above
Annual Card Fee: None
For other applicable fees, refer here

In summary, MariBank’s first credit card offers a compelling deal for both frequent Shopee shoppers and those seeking a high cashback card. It’s 1.7% Unlimited Cashback and 5% Shopee Coins with no minimum spend requirement and no maximum cashback cap provide substantial savings without much hassle, especially compared to other credit cards that often have minimum spending requirements or caps on the cashback earned.

Disclaimers:

¹ The only credit card in Singapore offering the highest unlimited Shopee Coins on Shopee spend via Mari Credit Card Instant Checkout and the highest unlimited cashback rates⁴ with no cashback cap or minimum spend requirements for eligible card spend. Information is correct as of 1 May 2024. For full Mari Credit Card Terms and Conditions, read here.

² Only applicable for eligible card spend in Singapore Dollars. Please refer to the Terms and Conditions Governing Cashback for Mari Credit Card for transactions that are not eligible for Cashback.

³ Awarded in Shopee Coins for eligible transactions using the Mari Credit Card Instant Checkout payment method on Shopee.

⁴ Excludes promotional rates that other banks may offer from time to time

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law.

💳 Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.

💡 We believe in always paying our credit card bills on time and in full. It is only by doing that, can we fully maximise our credit card benefits.