Just recently, Maybank was running a rather generous promotion in the month of August and September where all Horizon Visa Signature cardholders were able to earn an additional 1 mile per dollar(mpd) on all their spending.
From 1 November to 31 December 2018, you will receive an additional 1 mpd on all your spend on the Maybank Horizon Visa Signature card.ย
Minimum spend of S$1,000 needed, capped at 10,000 bonus miles per month
In this new promotion from Maybank, you will earn an additional 1mpd (the equivalent of bonus 2.5 TREATS Points) on all spending made on the Maybank Horizon Visa Signature card.ย However, to earn the additional 1 mpd, a minimum spend of S$1,000 is required per month and the maximum number ofย bonus miles you can earn through this promotion is capped at 10,000 bonus miles (25,000 bonus TREATS Points) per calendar month.ย This promotion is also open to Maybank Privilege Horizon Visa Signature cardholders.
If you are able to hit the minimum spend of S$1,000 a month, here’s how many miles you will be getting on every dollar spent:
The list of excluded transactions can be found in the terms and conditions and they include the usual suspects of AXS and payments made to brokers. The Bonus TREATS Points will be credited by the 10th business day of the following month based on the date on which the transaction was posted by Maybank.
If you are able to hit the minimum spend of S$1,000 during the promotional period, this effectively makes the Maybank Horizon Visa Signature card one of the better general spending cards to use in the month of November and December 2018. Assuming you don’t hold the unicorn BOC Elite Miles card, this promotion puts the Horizon Visa Signature a step higher than the UOB PRVI Miles card as Maybank awards pointsย on every dollar charged compared to UOB which rounds off points awarding per S$5 block.
Edit: there exists an existing cap of 30,000 bonus TREATS Points on the usual bonus earn rate. So your effective earn rate will be the following as laid out by Aaron in the previous promotion:
If your spending is purely on dining, petrol, taxis, and Agoda hotel bookings, your marginal earn rates would look something like this:
- $1-4,286: 4.2 mpdย (0.4 mpd [base] + 1 bonus mpd+ 2.8 mpd [regular promo])
- $4,287-$10,000:ย 1.4 mpdย (0.4 mpd [base] + 1 bonus mpd )
- $10,001 onwards: 0.4 mpdย (0.4 mpd [base])
Or if your spending is purely on foreign currency transactions, air tickets, and travel packages, your marginal earn ratesย would look like this:
- $1-7,500: 3.0 mpdย (0.4 mpd [base] + 1 bonus mpd + 1.6 mpd [regular promo])
- $7,501-$10,000:ย 1.4 mpdย (0.4 mpd [base] + 1 bonus mpd )
- $10,001 onwards: 0.4 mpdย (0.4 mpd [base])
ย Concluding Thoughts
Personally, I won’t be taking part in this promotion as I don’t have any spending on the Horizon Visa Signature card at the present and if I did I will be left with some orphan miles. However, this promotion from Maybank is quite generous and if you currently are already spending on the Horizon Visa Signature or have some TREATS Points, you should definitely try to maximize this promotion when it begins in November 2018.
