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Maybank Horizon Visa Signature Card | Air Miles Credit Card Offers Singapore

Credit Cards
by Priyadarshini 29 September 2022

The Maybank Horizon Visa Signature Card is a sound air miles card in Singapore. This unassuming air miles card offers up to 3.2 miles per $1 spent. Furthermore, the annual fee is waived for three years, which is an eternity in the world of credit cards.

Maybank Horizon Visa Signature

The Maybank Horizon Visa Signature credit card earns air miles. That is, you accumulate air miles as you spend. These miles can then be converted to KrisFlyer miles and credited to your account before being exchanged for free flights. The card stands out with a fairly attractive earn rate of up to 3.2 miles per dollar spent. Agoda.com/horizon offers a 3.2 = $1 earn rate on restaurant dining, gasoline, public transportation (including Grab and taxi rides), and hotel bookings. You can also earn two air miles for every dollar spent on airline tickets, travel packages, cruise packages, and foreign currency transactions, whether done online or in person.

Annual Fee for Maybank Horizon Visa

The Maybank Horizon Visa Signature Card is an entry-level card, which means Singaporeans and PRs with a minimum income of $30,000 can apply for it.

  • The annual fee stands at $180
  • Annual Fee Waiver for three years then waived with a yearly spend of $18,000
  • No Annual Fee for Supplementary Card
  • 20-day interest-free period
  • 26.9% is the annual interest rate
  • Late payment penalty of 5% or $100, whichever is greater.
  • The minimum monthly repayment is 3% or $20, whichever is greater.

Expiry of Maybank Horizon Visa Signature Miles

Here’s a quick guide to earning air miles with the Maybank Horizon Visa Signature Card:

At Agoda.com/horizon, 3.2 miles = $1 (8X TREATS points) on dining, gasoline, public transportation (including Grab and taxi rides), and hotel bookings.
On air tickets, travel packages, cruise packages, and foreign currency transactions, 2 miles = $1 (5X TREATS points), whether online or overseas.
On other purchases, 0.4 miles = $1 (1X TREATS points).

You must spend at least $300 in a calendar month to earn the 5X and 8X bonus TREATS points. Otherwise, you only earn points at the paltry 1X TREATS point rate, which equates to a pitiful 0.4 miles per $1 spent. You can also make up to 30,000 Bonus TREATS points per calendar month. Bonus points are any points earned in addition to the standard 1X TREATS points earn rate. If you only spend on things that can make you 5X or 8X TREATS points, that translates to about $4,286 to $7,500 worth of spending, which is plenty, so there’s no need to worry about hitting the cap unless you’re a real high roller or spending on something huge in a particular month. The bad news is that TREATS points are only valid for one year from the quarter in which they were earned. So, before you lose them, remember to convert them to miles.

Lounge Access

In theory, the card entitles you to free lounge access at the following locations:

Ambassador Transit Lounge at Singapore Changi Airport
Plaza Premium Lounge at Singapore Changi Airport
Kuala Lumpur International Airport
Hong Kong International Airport

In order to receive one lounge pass, you must spend at least $1,000 in a single retail transaction within three months of the lounge access date. In other words, you must make a single $1,000-plus purchase. You are also limited to one lounge pass every three months.

How can I make the most of my Maybank Horizon Visa Signature Card?

Use your card whenever you can earn 3.2 miles for every $1 spent to maximize your earning potential. That includes linking your card to ride-sharing apps and SimplyGo for bus and MRT rides, as well as always using the card when you eat out or fill up your gas tank. It should also be used for travel expenses, such as flight reservations and spending money at your vacation destination. You can also use the card for online shopping; just remember to select the foreign currency option rather than SGD.

Sign up for the card now and spend $300 in the next two months to receive a Samsonite Harts 68/25 Spinner suitcase worth $550. The promotion is only available to the first 4,500 new Maybank customers. If you are not one of the first 4,500 applicants, you will receive a $100 cash credit.

Is the Maybank Horizon Visa Signature right for me?

The Maybank Horizon Visa Signature is a low-cost air miles card with a reasonable bonus mile earning rate. If you spend a lot of money, this is a good card to have, especially since there are many ways to earn bonus miles other than just spending money abroad. If you eat out frequently or spend a lot of money on transportation, you’ll be able to really maximize your air miles.

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