Maybank Cards spend & redeem promo: Get luggage or Accor Plus Explorer membership

Maybank has launched a new spend and redeem promotion, which offers an American Tourister luggage, or Samsonite luggage and an Accor Plus Explorer membership to cardholders who spend at least S$3,000 on travel and foreign currency (FCY) bookings between now and 31 October 2024.

While the gifts aren’t guaranteed, it’s still worth registering just in case, since you’re likely to be using the Maybank Horizon Visa Signature anyway if you’re spending the amounts required for this offer.

That’s all the more since Maybank has a very generous definition of eligible spending, even covering charitable donations, education and utilities– the type of transactions that other banks have long ago excluded.

Maybank Cards spend and redeem promotion

Promo Details

From 1 September to 31 October 2024, registered Maybank cardholders will receive the following gifts when they meet a minimum spend of S$3,000 or S$8,000. 

For avoidance of doubt, you can only receive a maximum of one gift from this promotion, so it’s either the S$3,000 or S$8,000 tier gift.

The minimum spend must be made on travel bookings and/or FCY transactions, defined as the following.

This would cover all your major airlines, hotel chains, car rental companies, as well as Airbnb, Klook and Pelago (though I’d only recommend using your Maybank Horizon Visa Signature for air tickets, or FCY spending since those are its bonus categories). 

If you’re ever in doubt about the MCC, remember that there’s three easy ways of checking  it before making a transaction.

Now, some of you will look at the “first X” cap and shake your heads, and though it’s true that there’s no guarantee you’ll get a gift, the way I see it is that you’ll probably be using your Maybank Horizon Visa Signature for big-ticket travel bookings or FCY spend anyway. 

While there are 4 mpd-earning alternatives available, such as the UOB Visa Signature or the UOB Lady’s Cards, these all have bonus caps of S$2,000 or less per month, and earn just 0.4 mpd after that. 

In contrast, the Maybank Horizon Visa Signature cardholders who spend at least S$800 in a calendar month earn:

• An uncapped 2.8 mpd on FCY spend
• 2.8 mpd on air ticket spend, capped at S$10,000 per month

If you’re spending S$3,000 or even S$8,000, then it’s possible you may have already bust the caps on your 4 mpd cards, in which case the Maybank Horizon Visa Signature is one of the best options for uncapped general FCY spending.

💳 FCY Earn Rates by Card (For general spending cards with uncapped earn rates only)
Card	Earn Rate	Remarks
StanChart Visa Infinite Apply	3 mpd	Min. S$2K spend per s. month Review
Maybank Horizon Apply	2.8 mpd	Min. S$800 spend per c. month Review
UOB PRVI Miles Apply	2.4 mpd	Review
HSBC TravelOne Apply	2.4 mpd	Review
OCBC VOYAGE (Premier, PPC, BOS) Apply	2.3 mpd	Review
OCBC Premier Visa Infinite Apply	2.24 mpd
DBS Vantage Apply	2.2 mpd	Review
OCBC VOYAGE Apply	2.2 mpd	Review
OCBC 90°N Card Apply	2.1 mpd	Review
All other options earn 2 mpd or less

It’s true that the StanChart Visa Infinite slightly edges it with an uncapped 3 mpd on FCY spend, but this:

• Has a higher FCY fee of 3.5% (compared to 3.25% for Maybank)
• Requires a higher minimum spend of S$2,000 per statement month (compared to S$800 for Maybank)
• Has an income requirement of S$150,000 (compared to Maybank’s S$30,000)
• Has a non-waivable annual fee of S$594 (compared to Maybank with the first three years free)

Besides, the Maybank Horizon Visa Signature still offers 2.8 mpd for FCY spend on charitable donations, education and utilities. That in itself is the X-factor, since almost every other card has long excluded these transactions.

So in that sense, the possibility of getting an extra luggage or Accor Plus Explorer membership is just the icing on the top, and you might as well register to give yourself a shot. I see it as a lucky draw more than anything else. 

How to register

Registration is required, and can be done via the Maybank TREATS app. 

Go to Privileges > Highlights > Travel & Overseas Charge and Redeem Promotion Registration > Save to My Coupons, and you’re done. 

Detailed instructions can be found in the screenshot below.

When are gifts awarded?

I’m quite pleased by how fast Maybank is with fulfilling these promotions (my welcome gift was awarded within five days of meeting the minimum spend), and this one is similarly snappy. 

Cardmembers who are eligible to receive the gifts will be informed via the TREATS mobile app, and receive an eCoupon for redemption by 30 November 2024. 

Terms & Conditions

The T&Cs for this offer can be found here.

Overview: Maybank Horizon Visa Signature

Apply Here
Income Req.	S$30,000 p.a.	Points Validity	12-15 months
Annual Fee	S$192.60 (3 yrs free)	Min. Transfer	25,000 points (10,000 miles)*
Miles with Annual Fee	N/A	Transfer Partners	4
FCY Fee	3.25%	Transfer Fee	S$27.25
Local Earn	0.4 mpd	Points Pool?	Yes
FCY Earn	2.8 mpd	Lounge Access?	No
Special Earn	1.2 mpd on selected local spend 2.8 mpd on air tickets	Airport Limo?	No
Cardholder Terms and Conditions

The Maybank Horizon Visa Signature has a minimum income requirement of S$30,000, and offers a three year waiver of its S$192.60 annual fee.

Where this card excels is for air ticket and FCY spending, where cardholders can earn up to 2.8 mpd (capped at S$10,000 per month for air tickets, and uncapped for FCY spending) subject to a minimum spend of S$800 per calendar month. 

For more on this card, refer to my detailed review below.

Review: Maybank Horizon Visa Signature Card

Conclusion

Maybank has launched a new spend and redeem promotion for cardholders who make travel bookings and FCY spend between now and 31 October 2024.

To the extent that you’d be using your Maybank Horizon Visa Signature card for these transactions anyway, you might as well register and see whether you get a nice surprise in November. 

(HT: Matthew)