Maybank World Mastercard Review | What You Need To Know

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:

• You can also get 4 miles per dollar + 10% discount on these merchants:

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

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

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

Here is the list of their current transfer partners:

• You must convert KrisFlyer miles via the TREATS SG app
• A S$25 conversion fee (S$27.25 inclusive of GST) will be applied

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