Maybank Family & Friends Card - End of Easy

One of the delights of Maybank Family & Friends credit card is that we get a 5% rebate for purchases made from their designated merchants. We automatically whip out this card whenever we wish to order from McDonalds, Pizza Hut, Popular, NTUC, etc.

From 1st April 2014, however, it may not be so easy anymore.  We have to ensure a minimum spend of $500 in that month, to enjoy the 5% cash rebate.  Else, the rebate sinks to 0.3% - far worst than the industry minimum of 0.5%, which is already paltry enough.

Revision of eligibility for 5% cash rebate on Maybank Family & Friends Platinum MasterCard

With effect from 1 April 2014, to enjoy the 5% cash rebate at selected merchant outlets on your Maybank Family & Friends Platinum MasterCard, a minimum spend amount of S$500 per month is required. Otherwise, the 0.3% cash rebate will apply. This comes after they up the minimum $500 bank deposit on their savings account to $1,000. Or a minimum fall-below fee of $2 will apply.