Maybank Horizon Visa Signature offering 3.2 mpd on selected FCY spend

The Maybank Horizon Visa Signature underwent a major overhaul in November 2023, which transformed it into one of the best options for foreign currency (FCY) spending. Cardholders who spend at least S$800 in a month will earn an uncapped 2.8 mpd, making it an excellent option for big-ticket overseas purchases which would burst the bonus caps on higher-earning cards.

Maybank has periodically boosted the earn rate even further during peak travel periods, and now it’s launched a promotion which offers an uncapped 3.2 mpd for spending in selected currencies between now and 30 June 2026. 

While it’s not as generous as previous promotions, where all FCY spending was bonused, it still covers a wide range of popular destinations including Hong Kong, Malaysia, Japan, South Korea, Taiwan and Thailand. 

What’s more, the bonus extends to commonly-excluded categories like education, medical and insurance payments, and is available for both in-person and online spending. 

Maybank Horizon offering 3.2 mpd on selected FCY spend

Maybank Horizon Visa Signature
Min. Spend	S$800 per c. month
FCY Earn Rate	3.2 mpd 🇨🇳 🇭🇰 🇮🇩 🇯🇵 🇲🇾 🇹🇼 🇰🇷 🇹🇭
FCY Earn Rate	2.8 mpd (All others)

From 1 April to 30 June 2026, Maybank Horizon Visa Signature cardholders will earn an uncapped 3.2 mpd for in-person and online transactions made in the following currencies:

Transactions made in other foreign currencies will continue to earn an uncapped 2.8 mpd, as before.

A minimum spend of S$800 in the same calendar month is required. If the minimum spend is not met, all FCY spend will earn just 1.2 mpd. 

When will bonus points be awarded?

Maybank Horizon Visa Signature cardmembers will earn 3X TREATS Points (1.2 mpd) when the transaction initially posts.

Should the S$800 minimum spend be met, an additional 5X TREATS Points (2 mpd) will be credited the following calendar month in a lump sum, usually by the 7th day. 

What transactions are ineligible?

Maybank’s regular rewards exclusion list applies to this promotion, which means you won’t earn 3.2 mpd on:

• Betting or gambling transactions
• Charitable donations
• Government services
• Prepaid top-ups including GrabPay and YouTrip
• Utilities

However, education, hospitals and insurance premiums are not on the exclusion list. You will be able to earn 3.2 mpd on such transactions, provided they’re charged in FCY.

What counts towards the minimum spend?

The minimum S$800 monthly spend required to unlock the 3.2 mpd earn rate consists of all SGD and FCY transactions that are eligible to earn TREATS Points, with the exception of education, insurance, medical, rentals, professional services and utilities (collectively referred to by Maybank as “Selected Categories”).

These “Selected Categories” earn 0.16 mpd with the Maybank Horizon Visa Signature, but do not count towards the minimum spend requirement. 

Principal and supplementary cardholder spending is pooled for the purposes of this calculation (e.g. if the sum of spending across both cards is S$800, then both principal and supplementary cardholders will earn 3.2 mpd on FCY spend). 

Terms & Conditions

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

Alternatives for FCY spending

An uncapped earn rate of 3.2 mpd would make the Maybank Horizon one of the best options for FCY spending, arguably better than the DCS Imperium (by invitation only, with a S$1,294.92 annual fee) and the Maybank Visa Infinite/World Mastercard (both of which offer 3.2 mpd, but with a minimum spend of S$4,000).

The main drawback are the S$5 earning blocks and the limited transfer partners. 

💳 FCY Earn Rates by Card (For cards with uncapped earn rates only)
Card	Earn Rate	Remarks
DCS Imperium Card Apply	4 mpd	By invite only. Min. S$4K FCY spend per c. month Review
Maybank World Mastercard Apply	3.2 mpd	Min. S$4K spend per c. month. 2.8 mpd with min. S$800 spend per c. month Review
Maybank Visa Infinite Apply	3.2 mpd	Min. S$4K spend per c. month Review
Maybank Horizon Visa Signature Apply	3.2 mpd Selected FCY 2.8 mpd Other  FCY	Min. S$800 spend per c. month Review
StanChart Visa Infinite Apply	3 mpd	Min. S$2K spend per s. month Review
BOC Elite Miles Card Apply	2.8 mpd	No min. spend Review
HSBC Premier Mastercard Apply	2.76 mpd	No min. spend. Requires HSBC Premier relationship (min. S$200K AUM) Review
UOB PRVI Miles Card Apply	3 mpd Selected FCY 2.4 mpd Other  FCY	No min. spend. 3 mpd for IDR, MYR, THB, VND Review
HSBC TravelOne Card Apply	2.4 mpd	No min. spend Review
UOB Visa Infinite Metal Card Apply	2.4 mpd	No min. spend Review
All other options earn below 2.4 mpd

Of course, you could earn 4 mpd with the Maybank XL Rewards Card or UOB Visa Signature for general FCY spending, or 4 mpd with the HSBC Revolution or OCBC Rewards Card for FCY spending in their respective bonus categories.

Ideally, you’d try to utilise these cards first. However, if you’ve exhausted their bonus caps, or if you’re making a big-ticket purchase and unable to split it over several cards, then the ability to earn an uncapped 3.2 mpd with the Maybank Horizon Visa Signature would be very useful indeed.

For more on FCY spending options, refer to the post below. 

2025 Edition: Best Cards for Overseas Spending

What can you do with TREATS Points?

TREATS Points can be transferred to four airline partners, though Malaysia Airlines Enrich and airasia rewards are close to worthless in my opinion, leaving Asia Miles and KrisFlyer as the only realistic options.

Frequent Flyer Programme	Conversion Ratio (TREATS Points: Partner)
	25,000 : 10,000
	12,500 : 5,000
	12,500 : 5,000
	4,000 : 2,000

A S$27.25 conversion fee applies to all transfers, and TREATS Points are pooled among all Maybank cards.

As a reminder, you’ll need to download the Maybank TREATS app to convert TREATS Points to KrisFlyer miles. This is a separate app from the Maybank2u SG app that’s used for all other internet banking matters.

TREATS Points expire after 12-15 months, depending on when they were earned. However, if you have a Maybank Visa Infinite or Maybank World Mastercard, or spend at least S$24,000 in a membership year on your Maybank XL Rewards Card (not the XL Cashback Card), you’ll receive a Rewards Infinite membership that makes your points evergreen.

How does the Maybank Rewards Infinite programme work?

Overview: Maybank Horizon Visa Signature

Maybank Horizon Visa Signature
Apply
Income Req.	S$30,000 p.a.	Points Validity	12-15 mo.
Annual Fee	S$196.20 (3 Years Free)	Min. Transfer (KF)	25,000 TREATS (10,000 miles)
FCY Fee	3.25%	Transfer Fee	S$27.25
Local Earn	0.16 to 1.2 mpd	Points Pool?	Yes
FCY Earn	2.8 mpd	Lounge Access?	No
Special Earn	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. Its S$196.20 annual fee is waived for the first three years, and even thereafter, securing a waiver is generally not difficult.

Its earning structure is rather unique, awarding miles according to two different schemes, depending on the total spend in a given calendar month.

Spend <S$800 per calendar month

At the sub-S$800 spending level, the Maybank Horizon Visa Signature is relatively unexciting. 1.2 mpd is the best you can hope for, on all FCY spend and selected local transactions. 

Spend ≥S$800 per calendar month

However, once you cross the S$800 threshold, the picture changes significantly. The earn rate for air tickets and FCY spend is boosted to 2.8 mpd — uncapped, in the case of the latter.

For a detailed review of the Maybank Horizon Visa Signature, refer to the post below.

Review: Maybank Horizon Visa Signature Card

Conclusion

The Maybank Horizon Visa Signature is now offering cardholders an uncapped 3.2 mpd for spending in eight countries over the next three months, a ~15% boost from the usual 2.8 mpd.

This promotion runs from now till 30 June 2026, and will cover the mid-year travel peak. It even includes education and hospital expenses, provided they’re charged in FCY.

Just make sure you spend at least S$800 in a calendar month, and after that, the sky’s the limit!