HeyMax Card Maximiser now tracks minimum spend

I’ve previously written about the HeyMax Card Maximiser feature, which helps keep track of points earned and the remaining bonus caps on your credit cards.

This is crucial for cards like the HSBC Revolution, which earns 4 mpd on the first S$1,500 spent at bonus merchants each month, and just 0.4 mpd beyond that. If you accidentally go beyond the limit, your average earn rate will drop very quickly!

However, there’s another important thing to keep track of too: minimum spends. For some cards, the bonus rates don’t kick in until a certain minimum spend has been met. Spending below that threshold could be a costly oversight too.

It’s usually a pain to keep tabs on this, because most banking apps track card spending on a statement cycle basis, even if the minimum spend is enforced based on calendar month. But here’s some good news: the HeyMax Card Maximiser has just been enhanced to add support for minimum spend tracking. 

HeyMax Card Maximiser now tracks minimum spends

HeyMax users can now track minimum spend progression for the following credit cards.

Card	Min. Spend	Unlocks
StanChart Smart Card Apply	S$800 per s. month	7.42 mpd or 8% rebates on bonus categories (no cap)
	S$1.5K per s. month	9.28 mpd or 10% rebates on bonus categories (no cap)
DBS yuu Visa Apply	S$800 per c. month	10 mpd on yuu merchants (capped at S$823 per c. month)*
Maybank Horizon Visa Signature Apply	S$800 per c. month	2.8 mpd on FCY spending (no cap) and air tickets (capped at S$10K per c. month)
*Also requires spending at 4x yuu merchants per calendar month

Users will be able to track their progress on the linked card page, and receive a notification from the app when they hit the target. 

HeyMax tells me the tracker is sophisticated enough to filter out ineligible minimum spend. For example, if you were to spend on utilities with the Maybank Horizon Visa Signature, that amount will not count towards the S$800 minimum, and will not affect the tracker.

I don’t see much incremental value here for the DBS yuu Visa, since the yuu app already tracks (yuu app > Brands > DBS) your minimum spend and progress towards the 4x merchant requirement each month.

However, it’s a useful feature for the StanChart Smart Card and Maybank Horizon Visa Signature, especially the latter since the Maybank app has this annoying bug (feature?) where it does not show pending transactions.

Of course, the real challenge will be getting the Card Maximiser to support cards like the UOB Preferred Platinum Visa and UOB Visa Signature, with their tricky bonus sub-caps and (in the case of the latter) minimum spend. HeyMax says that support for these two cards should be added in the near future.

Other (miles-earning) cards which have minimum spend requirements include:

• Maybank XL Rewards Card: Min. S$500 per c. month for 4 mpd on bonus categories
• Maybank Visa Infinite: Min. S$4K per c. month for 3.2 mpd on FCY spend
• Maybank World Mastercard: Min. S$800 per c. month for 2.8 mpd on FCY spend, min. S$4K per c. month for 3.2 mpd on FCY spend
• KrisFlyer UOB Credit Card: Min. S$1K spend on SIA Group in a m. year for Accelerated Miles

That said, we’re unlikely to see support for anything but the Maybank Visa Infinite, as the rest of these cards are Mastercard, and the Card Maximiser relies on a transaction feed that Visa provides.

Recap: HeyMax Card Maximiser

Get a HeyMax account

The HeyMax Card Maximiser allows you to automatically track your expenditure, points earned and remaining bonus cap for selected Visa cards.

To use the Card Maximiser, you need to first pair your card with your HeyMax account.

• Login to your HeyMax account
• Navigate to Your Cards
• Click on Add Card, then follow the instructions

A test transaction of S$0.01 (or S$1, depending on the card) will be charged and later refunded. This is very similar to ShopBack GO or Qatar’s Card Linked Offers, both of which rely on the transaction feed that Visa provides to track and reward card spending.

Once the linking is completed, HeyMax will start tracking how much you’ve spent on each card, and deduct it from the bonus cap accordingly.

In the case of the Citi Rewards Visa, StanChart Journey Card and UOB Visa Signature, where bonus caps are tracked by statement month, you’ll be prompted to enter the last day of your statement date so the system knows when to reset your cap.

While the Card Maximiser supports transaction tracking for (almost) every Visa card, the calculation of points earned and remaining bonus caps is only supported for the following Visa cards.

💳 HeyMax Card Maximiser Supported cards for points and bonus cap tracking
Card	Earn Rate	Bonus Cap
Chocolate Visa Debit Card Apply	1 mpd	S$1K per c. month
Citi PremierMiles Visa	1.2 mpd (SGD) 2.2 mpd (FCY)	N/A
Citi Rewards Visa	4 mpd	S$1K per s. month
DBS Altitude Visa Apply	1.3 mpd (SGD) 2.2 mpd (FCY)	N/A
DBS Vantage Card Apply	1.5 mpd (SGD) 2.2 mpd (FCY)	N/A
DBS yuu Visa Apply	10 mpd	S$823 per c. month
HSBC Revolution Apply	4 mpd	S$1.5K per c. month
Maybank Horizon Visa Signature Apply	2.8 mpd	S$10K per c. month (for air tickets; no cap for FCY)
StanChart Journey Card Apply	3 mpd	S$1K per s. month
StanChart Smart Card Apply	9.28 mpd	N/A
UOB Preferred Platinum Visa Apply	4 mpd	S$1.2K per c. month (2x sub-cap of S$600)
UOB Visa Signature Apply	4 mpd	S$2.4K per s. month (2x sub-cap of S$1.2K)

Conclusion

HeyMax’s Card Maximiser feature now supports minimum spend tracking for the DBS yuu Card, Maybank Horizon Visa Signature and StanChart Smart Card. This saves cardholders from having to manually tally their spending, and alerts will be sent once the minimum spend for the month has been reached.

Separately, HeyMax plans to add support for the UOB Preferred Platinum Visa and UOB Visa Signature, which will be a huge quality-of-life improvement if it can get the bonus sub-cap tracking right.