Maybank World Mastercard Overview:
The Maybank World Mastercard is a premium miles card built for a very specific type of spender — someone who spends heavily in foreign currency, pumps petrol regularly, and possibly plays golf.
It’s not your everyday spend card. The local earn rate is a measly 0.4 miles per dollar, which is basically nothing. But where this card shines is in its uncapped foreign currency earn rate (up to 3.2 miles per dollar) and the fact that it comes with complimentary Rewards Infinite membership — meaning your TREATS Points never expire.
Local Earn Rate | 0.4 miles per dollar |
Foreign Currency Earn Rate | 3.2 miles per dollar |
Bonus Earn Rate | 4 miles per dollar |
Foreign Currency Fees | 3.25% |
Lounge Access | Yes (1 Complimentary Access) |
Airport Limo | No |
Points Expiry | No Expiry |
DEAL ENDS 30 JUN 2026 · 72 DAYS LEFT
Exclusive Sign-up Gift
Only applicable for new-to-bank card applicants
Samsonite RESTACKD Spinner 68/25 EXP + 2 packing cubes
Worth S$520
Lightweight (3.3kg), expandable, matte scratch-resistant
Requirements
- Apply for a new Maybank Credit Card (not applicable for Maybank XL cards)
- Charge min. S$1,300 within the first 2 months of card approval
- Fill the Google Form after signing up
- Alternative: apply for CreditAble + a Maybank Credit Card, then charge min. S$1,200 within 2 months
Eligibility & Fees:
- Minimum Age: 21 years old
- Minimum Annual Income: S$80,000 (locals/PRs)
- Annual Fee: S$261.60, waived for the first year
Key Benefits:
- Earn 4 miles per dollar (10X TREATS Points per S$5) spent at specially selected retail stores, restaurants, and all petrol stations islandwide
- Earn up to 3.2 miles per dollar on foreign currency spend with no cap (3.25% foreign currency fee applies)
- Earn 3.2 miles per dollar when you spend a minimum of S$4,000
- Earn 2.8 miles per dollar when you spend a minimum of S$800
- Earn 0.4 miles per dollar when you spend below S$800
- Earn 0.4 miles per dollar (1 TREATS Point per S$1) on local spend
- Complimentary Rewards Infinite membership — TREATS Points never expire (other Maybank cardholders need to spend S$24,000/year to qualify)
- TREATS Points can be pooled across all your Maybank TREATS Points cards
- Complimentary travel insurance coverage of up to S$1,000,000 when air tickets/travel packages are charged in full to the card
- 1 complimentary Plaza Premium Lounge visit when you charge a minimum of S$1,000 in a single retail transaction
- Complimentary green fees at over 100 participating golf clubs across 19 countries (principal cardmembers only, minimum S$2,000 spend in the previous calendar month)
- Stack petrol savings with a linked fuel card:
- Caltex Diamond Sky Fuel Card — 20.05% discount on petrol, plus 10X TREATS Points
- Shell Corporate Fuel Card — 15% upfront discount on all petrol and diesel, plus 10X TREATS Points
How to Best Optimise it:
Rewards Infinite Membership:
This is a big deal that most people overlook. When you hold the Maybank World Mastercard, you automatically get enrolled into Maybank’s Rewards Infinite (RI) programme — for free, with no spending requirement. For comparison, other Maybank cardholders would need to spend at least S$24,000 in a membership year to qualify for RI.
What does RI membership give you?
- Your TREATS Points will never expire, as long as you maintain the RI membership
- The non-expiry benefit extends to TREATS Points earned across all your Maybank TREATS Points cards (e.g. the Visa Infinite or Horizon Visa Signature)
- If you hold multiple Maybank miles cards, all your points are protected from expiry
One thing to note: there’s a cap of 5,000,000 TREATS Points in your account. Anything earned above this gets forfeited automatically. For most people, this won’t be an issue — 5 million TP is a lot of points. But if you’re a very heavy spender, keep an eye on your balance and convert before you hit the ceiling.
Best For Local Spend on Selected Merchants:
- You can get the 4 miles per dollar (10x TREATS points per S$5) when you spend on these selected merchants:
Imperial Treasure | Les Amis Group | Valiram Group | Luxury Galleria at Resorts World Sentosa |
Imperial Treasure Bar + Grill
| Bistro Du Vin | Michael Kors: Vivo City, Mandarin Gallery, Marina Bay Sands | Swiss Watch Gallery |
Imperial Treasure Fine Chinese Cuisine | Jinjo | Victoria’s Secret: Mandarin Gallery, Vivo City, ION Orchard | Beauty Love |
Imperial Treasure Super Peking Duck | La Taperia | Steve Madden: Ngee Ann City, Vivo City | Wear + When |
Imperial Treasure Fine Teochew Cuisine | Les Amis | Bath & Body Works: ION Orchard, Vivo City, Tampines Mall, Marina Bay Sands, Ngee Ann City, Causeway Point, Jewel Changi Airport | Polo Ralph Lauren |
Imperial Treasure Fine Shanghai Cuisine | LINO | Rituals: ION Orchard, Vivo City | Swarovski |
Imperial Treasure Cantonese Cuisine | Mui Kee Congee | MLB: Mandarin Gallery, Vivo City | Tory Burch |
Imperial Treasure Steamboat Restaurant | NamNam | Including brands in IMM | Michael Kors |
Treasures Yi Dian Xin | Peperoni Pizzeria | Salvatore Ferragamo | |
Imperial Treasure Huaiyang Cuisine
| Picolino | Coach | |
Scotts Griil | Longchamp | ||
Shabu Jin | Furla | ||
Sushi Jin | Versace | ||
Sushi Ryujiro Singapore | Hugo Boss | ||
Tarte by Cheryl Koh | Victoria’s Secret | ||
Tenjin | Montblanc | ||
Unagi Yondaime Kikukawa | Omega | ||
Wagyu Jin | Panerai | ||
Zeniya Singapore
| Capped at 50,000 TP |
- You can also get 4 miles per dollar + 10% discount on these merchants:
Leonian | Aparo Golf & The Par Club SG | Leonian Sportique | KGOLF |
Far East Shopping Centre | Marina Square | Mandarin Gallery | Far East Shopping Centre |
Sentosa Golf Club | Mandarin Gallery | ||
NSRCC Kranji | |||
NSRCC Changi | |||
TMCC Tampines | |||
TMCC Garden | |||
TMCC Tampines Fitting Centre | |||
SICC Clubhouse | |||
SICC Driving Range | |||
IMM (only valid for 10X TREATS Points)
|
Best For Local Petrol Spend at Caltex:
- Receive 20.05% discount with the Caltex Diamond Sky Fuel Card, plus 10X TREATS Points on your Maybank World Mastercard
- Receive a 15% discount with the Corporate Fuel Card, plus 10X TREATS Points which can be redeemed for a further 4.85% savings with cash credits on your Corporate Fuel Card.
Best for High-Value Foreign Currency Spending With No Cap:
- If you make large overseas purchases (like luxury items), this card is an excellent choice. You’ll earn 3.2 miles per dollar on all foreign currency spending with no spending limit. This is especially beneficial if you spend over S$4,000 in a calendar month, charged in foreign currency.
- Bonus: While it is not the best for miles on everyday local purchases, this card is one of the rare card that offer some rewards for charitable donations, education, hospital, and utility bills (0.4 mpd for local spend). But if you spend on those items overseas (e.g. overseas hospital bills), you can earn 3.2 miles per dollar on those payments, charged in foreign currency.
- However, there is a foreign currency fee of 3.25% that applies to all foreign currency transactions
Therefore, here is the cost per mile for each tier (taking into account the fx fee):
Miles per Dollar | Spending Requirement | Cost per Mile | Audz’ Rating |
3.2 | S$4,000 | 1.01 cents per mile | Only for Biz Class & Above Redemptions |
2.8 | S$800 | 1.16 cents per mile | |
0.4 | <S$800 | 8.1 cents per mile | X |
Enjoy Complimentary Green Fees At Golf Clubs:
- Enjoy Complimentary green fees all year round at 100 participating golf clubs in 19 countries. Only for principal cardmembers and must spend a minimum of S$2,000 in the previous calendar month. Cardmember’s guests can also enjoy 10% savings on walk-in rates. Also you must book through Maybank Cards Priority Customer Service and is subject to availability on a first-come-first-served basis
Utilise One Complimentary Airport Lounge Pass:
- Charge a minimum of S$1,000 in a single retail transaction to your Maybank World Mastercard to enjoy one (1) complimentary Plaza Premium Lounge access, within 3 months from transaction date. Your guest(s) can enjoy 20% off walk-in rates with payment made with card.
What to Avoid:
Exclusion List:
- NETS and eNETS transactions;
- Payments made to government or government-related institutions and services (court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra?government purchases and any other government services not classified here)
- Betting or gambling transactions;
- Brokerage/securities transactions;
- Payments to insurance companies;
- Transactions classified under the following Merchant Category Codes (“MCC”):
- MCC 6012 – Financial Institutions – Merchandise, Services and Debt Repayment
- MCC 6051 – Non-Financial Institutions – Foreign Currency, Non-Fiat Currency (including but not limited to Cryptocurrency), Money Orders, Account Funding, Travelers Cheques, and Debt Repayment
- MCC 6540 – Non-Financial Institutions – Stored Value Card Purchase/Load (including by not limited to Grab mobile wallet top-ups) g) Transactions made via AXS or SAM;
- 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;
- Payment of funds to prepaid accounts such as those listed below (such 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):
-
- EZ LINK PTE LTD (FEVO)
- EZ Link
- EZ-LINK*
- EZLINK
- EZ-Link
- EzLink
- EZLINKS.COM
- EZ Link transport
- EZ-LINK (IMAGINECARD)
- EZ-Link EZ-Reload (ATU)
- BANC DE BINARY
- BANCDEBINARY.COM
- Flashpay ATU
- MB * MONEYBOOKERS.COM
- NETS VCASHCARD
- OANDA ASIA PAC*PAYPAL* BIZCONSULTA
- PAYPAL* CAPITALROYA
- SKR*Skrill.com
- SKR*xglobalmarkets.com*
- SKYFX.COM*
- SNACK BY INCOME
- TRANSIT*
- TRANSITLINK*
- TRANSIT LINK*
- WWW.IGMARKETS.COM.SG
- WWW.PLUS500.CO.UK
- WWW.MYEZLINK.COM.SG
- YOUTRIP*
- Effective 1 July 2025:
- MCC 7523 – Automobile Parking Lots & Garage
- MCC 8651 – Political Organisations
- MCC 8661 – Religious Organisations
- MCC 8398 – Charitable and Social Services Organisations
Past Buffs/Nerfs:
Nerfs:
- Effective 1 July 2025, these will be added to the exclusion list:
- MCC 7523 – Automobile Parking Lots & Garage
- MCC 8651 – Political Organisations
- MCC 8661 – Religious Organisations
- MCC 8398 – Charitable and Social Services Organisations
- Effective 1 April 2025, a S$25 conversion fee (S$27.25 inclusive of GST) will apply to the Maybank Frequent Flyer Programme affecting Maybank World Mastercard and Maybank Visa Infinite cardholders
Transfer Partners:
Here is the list of their current transfer partners:
Transfer Partners | Conversion Ratio |
Krisflyer | 25,000:10,000 |
Cathay Pacific Asia Miles | 12,500:5,000 |
Malaysia Airlines Enrich | 12,500:5,000 |
AirAsia a rewards | 4,000:2,000 |
- You must convert KrisFlyer miles via the TREATS SG app
- A S$25 conversion fee (S$27.25 inclusive of GST) will be applied
Is it Worth it:
This card is worth it if you:
- Spend heavily in foreign currency (at least S$800/month, ideally S$4,000+)
- Pump petrol regularly and want to stack fuel card discounts with miles earning
- Play golf and want complimentary green fees
- Already hold (or plan to hold) multiple Maybank miles cards and want to pool non-expiring TREATS Points
This card is NOT worth it if you:
- Primarily spend locally — 0.4 mpd is terrible for local spend
- Spend less than S$800/month in foreign currency — you won’t hit the tier that makes this card worthwhile
- Don’t want to deal with the S$27.25 conversion fee every time you redeem miles
- Are looking for a simple, all-rounder miles card
Frequently Asked Questions:
When are TREATS Points credited?
TREATS Points are credited monthly to your account.
Do my TREATS Points expire?
No. As a World Mastercard holder, you’re automatically enrolled in the Rewards Infinite programme, which means your TREATS Points never expire. This benefit extends to TREATS Points earned on your other Maybank TREATS Points cards too.
Can I pool TREATS Points across my Maybank cards?
Yes, TREATS Points are pooled across all your Maybank TREATS Points cards automatically.
Is the foreign currency earn rate really uncapped?
Yes. There’s no spending cap on the foreign currency tiers. As long as you hit the monthly threshold, every dollar earns at the stated rate.
How do I get the petrol discount?
Apply for a Caltex Diamond Sky Fuel Card or Shell Corporate Fuel Card separately and link it to your Maybank World Mastercard. The fuel cards are free.
What’s the annual fee and can it be waived?
The annual fee is S$261.60, waived for the first year. Officially, you need to spend S$24,000 in a membership year for a fee waiver, but you can also try calling Maybank to request a waiver.
Can I pair this card with Amaze card to save on foreign currency fee?
You can, but it will not be worthwhile. As Amaze converts the transaction from foreign currency to SGD, the transaction will be recognised as a local transaction, thereby giving you 0.4 miles per dollar, instead of 3.2 miles per dollar.
Final Thoughts:
The Maybank World Mastercard is a specialist card. It does a few things very well — foreign currency, petrol, golf — but it’s not trying to be your one-and-only card. Pair it with a strong local spend card and it becomes a powerful part of your miles-earning strategy.
💳 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.
