Maybank World Mastercard Review | What You Need To Know

Maybank World Mastercard

Earn 4 miles per dollar on selected petrol stations islandwide and up to 3.2 miles per dollar on foreign currency spend 

Maybank World Mastercard Overview:

The Maybank World Mastercard is a premium credit card designed for frequent travelers and those seeking exclusive benefits like golf privileges. With a focus on earning miles, foreign currency spending, and golf perks, this card offers a compelling value proposition for the avid miles chaser.

Local Earn Rate
0.4 miles per dollar
Foreign Currency Earn Rate
0.4 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

Eligibility & Fees:

  • Minimum Age: 21 years old
  • Minimum Annual Income: S$80,000 (locals/PRs)
  • Annual Fee: S$240, 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 (10X TREATS Points per S$5) on local spend
  • Complimentary travel insurance coverage of up to S$1,000,000 when air tickets/travel packages are charged in full to the card
  • TREATS Points never expire
  • TREATS Points can be pooled with other Maybank cards

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
Leonian
The Par Club SG & Aparo Golf
Imperial Treasure Tasting Room
Bistro Du Vin
Michael Kors: Vivo City, Mandarin Gallery, Marina Bay Sands
Swiss Watch Gallery
Mandarin Gallery 
Marina Square
Imperial Treasure Fine Chinese Cuisine
Jinjo
Victoria’s Secret: Mandarin Gallery, Vivo City, ION Orchard
Beauty Love
Far East SHopping Centre
Imperial Treasure Super Peking Duck
Jinhonten
Steve Madden: Ngee Ann City, Vivo City
Wear + When
Sentosa Golf Club
Imperial Treasure Fine Teochew Cuisine
KOAL
Bath & Body Works: ION Orchard, Vivo City, Tampines Mall, Marina Bay Sands, Ngee Ann City, Causeway Point, Jewel Changi Airport
Polo Ralph Lauren
NSRCC Kranji
Imperial Treasure Fine Shanghai Cuisine
La Taperia
Rituals: ION Orchard, Vivo City
Swarovski
NSRCC Changi
Imperial Treasure Cantonese Cuisine
Les Amis
MLB: Mandarin Gallery, Vivo City
Tory Burch
TMCC Tampines
Imperial Treasure Steamboat Restaurant
LINO
Including brands in IMM
Michael Kors
TMCC Garden
Treasures Yi Dian Xin
Mui Kee Congee
Salvatore Ferragamo
TMCC Tampines Fitting Centre
NamNam
Coach
SICC Clubhouse
Peperoni Pizzeria
Longchamp
SICC Driving Range
Picolino
Furla
SCC Clubhouse
Shabu Jin
Versace
SCC Driving Range
Sushi Jin
Hugo Boss
Tarte by Cheryl Koh
Victoria’s Secret
Tenjin
Montblanc
Omega
Panerai
*Capped at 50,000 TP
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.
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*

Nerf:

  • 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
Here is the list of their current transfer partners:
Transfer Partners
Conversion Ratio
*Krisflyer
25,000:10,000
Asia Miles
12,500:5,000
Malaysia Airlines Enrich
12,500:5,000
AirAsia
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
Advantages:
  • TREATS Points never expire
Disadvantages:
  • Very specific use case
  • Waived conversion fee of TREATS Points to air miles will end by 1 April 2025
When can I redeem the complimentary lounge access: Each Cardmember may redeem a maximum of one (1) complimentary lounge access per day, per month, provided conditions are met (See “Utilise One Complimentary Airport Lounge Pass” under “How to Best Optimise it“)
 
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:

If you’re looking for a card with no spending cap on foreign currency purchases, the Maybank World Mastercard is worth considering. It offers non-expiring points, free point conversions (Effective 1 April 2025, a S$25 fee will be charged), and extremely competitive rates for Caltex petrol. While it might not be your primary card for everyday spending, it’s a great choice for large foreign currency transactions that exceed the spending cap of your other 4 miles per dollar cards.

💳 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.

Purchases made through links in this article may generate an affiliate commission that helps keep this site running. Found this post useful? Subscribe to our Telegram Channel for more updates!

lobangsis

Audz, your lobang sis shares personal finance to achieve happiness, prosperity and progress for us all.

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Valid till: April 24, 2025

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Get Sony Vlog Camera ZV-1F or Dyson™ Supersonic or Apple iPad (A16) 11" Wi-Fi 128GB or Dyson™ V12 Origin or S$400 Cash via PayNow when you spend S$500 by the end of the following calendar month + provide marketing consent

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Get Samsonite ENOW SPINNER 69/25 EXP or S$200 cashback when spend S$1,300 within the first two months of card approval. Or, apply for CreditAble and spend S$1,200 within first two months of card approval.

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SC Simply Cash

Get Bose QuietComfort Ultra Wireless Noise Cancelling Headphones or Apple iPad 9th 10.2" WiFi 64GB or Dyson Cool™ Fan AM07 or S$400 Shopee Voucher or S$370 Cash via PayNow when you spend a minimum of S$800 within 30 days of card approval

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Citi Rewards

Get 2x Treasures Poh Heng Gold Bar or Dyson V12 Origin or Dyson Supersonic or Apple iPad (A16) 11" Wi-Fi 128GB or DJI Osmo Action 5 Pro Standard Combo or S$450 Cash via PayNow when you spend S$500 within 30 days of card approval

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HSBC Live+

Get Sony Vlog Camera ZV-1F or Dyson™ Supersonic or Apple iPad (A16) 11" Wi-Fi 128GB or Dyson™ V12 Origin or S$400 Cash via PayNow when you spend S$500 by the end of the following calendar month + provide marketing consent

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Maybank Family & Friends

Get Samsonite ENOW SPINNER 69/25 EXP or S$200 cashback when spend S$1,300 within the first two months of card approval. Or, apply for CreditAble and spend S$1,200 within first two months of card approval.

Valid till: May 1, 2025

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Get Bose QuietComfort Ultra Wireless Noise Cancelling Headphones or Apple iPad 9th 10.2" WiFi 64GB or Dyson Cool™ Fan AM07 or S$400 Shopee Voucher or S$370 Cash via PayNow when you spend a minimum of S$800 within 30 days of card approval

Valid till: May 1, 2025

Valid for new-to-bank credit cardholders or does not own any of the bank’s credit cards in the last 12 months, unless otherwise stated.

Gift confirmation are usually sent after you have completed rewards redemption form (sent to your email) & fulfilled qualifying spend within stipulated period.

Maybank World Mastercard

  • Receive Samsonite ENOW SPINNER 69/25 EXP (worth S$570), or S$200 cashback as a new-to-bank customer, when you apply for a new Maybank Credit Card and charge a minimum of S$1,300 within the first two months of card approval. Alternatively, you may apply for CreditAble and a new Maybank Credit Card, and charge a minimum of S$1,200 within the first two months of card approval.
  • Fill up this google form after signing up to qualify for rewards
  • Read Terms and Conditions here

Maybank World Mastercard

  • 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 (10X TREATS Points per S$5) on local spend

This card is particularly useful for large foreign currency spend (eg. Flight tickets or hotel reservations or luxury goods purchases overseas)

 

Annual Fee
  • S$240, waived for the first year

 

Income Requirement
  • S$80,000 (locals/PRs)

 

Know what this card is best for

 

Terms and Conditions

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UOB Lady’s Card

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UOB Lady’s Card

    • Earn 4 miles per dollar (10x UNI$ for every S$5 spent) on your preferred category
    • Earn 0.4 miles per dollar (1x UNI$ per S$5 spent) base earn rate
    • No minimum monthly spending required
    • Spending Cap:
      • Classic Card: S$1,000
      • Solitaire & Above Card: S$2,000

    Depending on what your planned usage is, you can change the categories every quarter. 

     

    Annual Fee
    • S$196.20 (incl. GST), waived for first year

     

    Income Requirement
    • S$30,000 (locals/PRs); S$40,000 (foreigners)

     

    Points Expiry
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    Terms and Conditions

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    UOB PRVI Card

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    UOB PRVI Card

    • Earn 1.4 miles per dollar for local spending
    • Earn up to 3 miles per dollar for overseas spending (including online shopping and overseas websites)
      • 3 miles per dollar on selected currencies:
        • Malaysian Ringgit
        • Indonesian Rupiah
        • Thai Baht
        • Vietnamese Dong
      • 2.4 miles per dollar on other currencies
    • Earn up to 6.6 miles per dollar when you spend on major airlines and hotels worldwide via special landing pages UOB x Agoda and UOB x Expedia (this may be more costly)
    • One-way Airport Transfer Service for AMEX Version only
    • S$20 off Grab rides to/fro Changi Airport for Visa/Mastercard Version only

     

    Annual Fee
    • S$261.60, first year waived
     
    Income Requirement
    • S$30,000 (locals/PRs); S$40,000 (foreigners)
     
    Points Expiry
    • UNI$ expire two (2) years after the last day of the quarter in which they were earned.

     

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    Terms and Conditions

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    UOB Krisflyer Card

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    UOB Krisflyer Card

    • Earn 3 miles per dollar on SIA-related spend—Singapore Airlines, Scoot, KrisShop, and Kris+ purchases with minimum spend of S$800
    • Earn uncapped 3 miles per dollar on eligible everyday spends
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    Annual Fee
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    Income Requirement
    • S$30,000 (locals/PRs); S$40,000 (foreigners)

     

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    Mari Credit Card

    • Get up to 13% Welcome Cashback when you spend S$300 on Eligible Transactions within 30 days of card approval
    • You must be among the first 50,000 New Mari Credit Card Holders
    • Must be a new-to-bank customer
    • Valid until 30 April 2025
    • For more information on the promotion, please refer to: https://www.maribank.sg/promo

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    • No minimum monthly spend requirement and no maximum cashback cap

     

    Annual Fee
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    Income Requirement
    • S$30,000 (Singaporeans or PR)

     

    When is Cashback Credited
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    1.7% Cashback Terms and Conditions

    3% Shopee Coins

    3% Overseas Spend

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