Maybank DUO Platinum Mastercard

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Key Features

  • 5%
    Cash Rebate on petrol spend in Singapore and Malaysia
  • 1.5%
    Cash Rebate on foreign currency spend
  • Unlimited
    Cash Rebate cap

Promotion

Rewards
  • You earn 1 TREATS Point for every S$1 spent on all charges, excluding selected petrol transactions.
  • You can convert TREATS Points to DUO Points to redeem DUO Rewards.
  • There’s no extra charge for converting TREATS Points to DUO Points, and you earn 1 DUO Point for every S$1 TREATS Point converted.
  • DUO Points will expire two years after the end of each month in which you earn them.
Petrol

  • 5% Cash rebate on all petrol transactions in Singapore and Malaysia on top of existing station discounts

  • No minimum spend and no cap

Overseas Spending

  • 1.5% Cash rebate for all transactions spent in foreign currency

  • No minimum spend and no cap

Cash Back

  • 5% cash rebate on petrol transactions in Singapore and Malaysia on top of existing station discounts

  • 1.5% unlimited cash rebate on all foreign currency spendings

  • Get 1 TREATS Point per S$1 spent on all local currency spendings, excluding petrol transactions

Rewards
  • Get 2 Membership Rewards® points for every S$1.60 spent.
  • With 10Xcelerator by Membership Rewards®, earn a total of 20 Membership Rewards® points for every full S$1.60 spent.
  • Your points will always be available, as they never expire.

Other Features

  • 5% cash rebate on petrol charges in Singapore and Malaysia on top of existing station discounts.
  • Enjoy an unlimited 1.5% cash rebate on all foreign currency spendings.
  • Convert TREATS Points to DUO Points to redeem DUO Rewards.
  • Receive complimentary travel insurance coverage of up to S$500,000.
  • First 3 years annual fee waived.
  • Please note that at LOANPANDA, we make every effort to ensure that our information is accurate and up to date. However, the information you see when you visit a financial institution, service provider, or specific product site may differ from ours. LOANPANDA is not responsible for any discrepancies and is not liable to compensate the customer.

Eligibility

Singaporean/PR Minimum Income
  • S$30,000
Non-Singaporean Minimum Income
  • S$60000, Malaysian Citizens (in employment for at least 1 year): S$45,000

Fees and Charges

  • Annual Principal Fee: S$120 (3 years waiver)
  • Supplementary Annual Fee: S$0
  • Fee Waiver: Available with a total yearly minimum spend of S$6,000
  • Interest Free Period: 20 days
  • Annual Interest Rate: 26.90%
  • Late Payment Fees: 5% or minimum S$100, whichever is higher
  • Minimum Monthly Repayment: 3% or minimum S$20, whichever is higher
  • Foreign Currency Transaction Fee: 3.25%
  • Foreign Check Fee: N/A
  • Cash Advance Transaction Fee: 5% or minimum S$15, whichever is higher
  • Overlimit Fee: N/A

Review

By LOANPANDA

The Maybank DUO Platinum Mastercard offers a range of cash rebates and rewards for cardholders. With 5% cashback on petrol spend in Singapore and Malaysia, 1.5% cashback on foreign currency spend, and no cap on cash rebates, this card is ideal for frequent travelers and drivers. Cardholders can also earn TREATS Points and convert them to DUO Points for redemption of DUO Rewards.

Additional perks include complimentary travel insurance coverage and a waived annual fee for the first 3 years. However, the high annual interest rate of 26.90% and foreign currency transaction fee of 3.25% should be taken into consideration.

FAQ

A credit card is a convenient tool for people to pay for purchases today, offering many perks and rewards that can add up to more savings for the cardholders.

While there are so many types of credit cards offering different features, you may wonder: How best to choose one that suits you?

Here’s a short guide LOANPANDA has compiled to help you understand the credit card requirements, interest rates and basic payment terms.

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