If you’re a business owner or manager looking for a credit card that can help you streamline your expenses and earn rewards, the Maybank Business Platinum Mastercard Singapore might be the perfect fit for you. This premium financial tool is tailored for businesses and offers a range of features that can make your life easier, from global transaction convenience to expense management and reward maximization.
With the Maybank Business Platinum Mastercard Singapore, you can enjoy a waived annual fee for the first two years and a competitive annual fee of S$180 per card per annum thereafter. The card also offers a host of benefits, including reward points, global concierge service, and employee card statement generation. Whether you’re looking to earn cashback or air miles, this card has you covered with its generous rewards program.
Overall, the Maybank Business Platinum Mastercard Singapore is a top choice for modern business needs. Its combination of convenience, features, and rewards make it a valuable asset for any business owner or manager looking to streamline their expenses and earn rewards.
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In a hurry? Here’s a quick overview of the Maybank Business Platinum Mastercard Singapore:
- Rewards: Earn TREATS points for every dollar spent, redeemable for cashback, travel vouchers, and more.
- Benefits: Complimentary travel insurance, global concierge service, worldwide ATM access, waived annual fee for the first 2 years.
- Eligibility: Businesses registered in Singapore with at least 2 years of operation and S$200,000 annual sales turnover.
- Fees: S$180 annual fee after the first 2 years, competitive interest rate, and foreign transaction fees.
This card is ideal for businesses seeking to:
- Streamline expenses and earn rewards.
- Enjoy travel perks and global acceptance.
- Benefit from convenient features like online account management.
Want to learn more? Read the full article for a detailed analysis of the card’s features and benefits.
Overview of Maybank Business Platinum Mastercard
If you’re looking for a credit card that offers great rewards and benefits for your business, the Maybank Business Platinum Mastercard is definitely worth considering. With this card, you’ll enjoy a wide range of features and benefits that can help you save money and streamline your business operations.
Key Features and Benefits
Here are some of the key features and benefits of the Maybank Business Platinum Mastercard:
- 2-Year Annual Fee Waiver: You’ll enjoy a waived annual fee for the first two years of your card membership, which can help you save money right from the start.
- Earn Rewards Points: With every dollar you spend using your Maybank Business Platinum Mastercard, you’ll earn rewards points that can be redeemed for a variety of rewards, including cashback, air miles, and more.
- Complimentary Travel Insurance: When you use your Maybank Business Platinum Mastercard to purchase your travel tickets, you’ll enjoy complimentary travel insurance coverage for you and your family members.
- Global Acceptance: Since the Maybank Business Platinum Mastercard is a Mastercard, you can use it at millions of merchants worldwide, making it a great choice if you frequently travel for business.
- Expense Management: You can easily manage your business expenses with the Maybank Business Platinum Mastercard, thanks to features like online account management and automatic expense tracking.
Overall, the Maybank Business Platinum Mastercard is a great choice for business owners who want to enjoy great rewards and benefits, while also streamlining their business operations. With its waived annual fee, rewards points, and other great features, this card is definitely worth considering.
Rewards and Perks
If you’re looking for a credit card that offers great rewards and perks, the Maybank Business Platinum Mastercard Singapore might be just what you need. Here are some of the benefits you can enjoy:
Earning and Redeeming Treats Points
With the Maybank Business Platinum Mastercard, you can earn TREATS Points for every dollar you spend. These points can be redeemed for a variety of rewards, including cashback, travel vouchers, and more. Plus, you can earn bonus points when you spend on dining, entertainment, and other categories.
Complimentary Travel Insurance and Perks
As a Maybank Business Platinum Mastercard holder, you’ll enjoy complimentary travel insurance coverage of up to S$1,000,000. You’ll also get access to exclusive travel perks, such as airport lounge access and travel concierge services.
Dining and Entertainment Privileges
The Maybank Business Platinum Mastercard offers a range of dining and entertainment privileges to help you save money. You’ll enjoy discounts and deals at top restaurants, bars, and clubs in Singapore and around the world. Plus, you’ll get access to exclusive events and experiences.
Exclusive Business Rewards
As a business owner, you’ll appreciate the exclusive rewards and perks that come with the Maybank Business Platinum Mastercard. You’ll get access to special deals on office supplies, business services, and more. Plus, you’ll enjoy priority customer service and support.
Financial Management for Businesses
As a business owner, managing your finances is crucial for the success of your business. Maybank Business Platinum Mastercard offers a range of financial management tools to help you monitor your spending and reconcile expenses efficiently.
Expense Management Tools
Maybank Business Platinum Mastercard provides expense management tools that help you keep track of your expenses. You can easily monitor your spending and manage your budget with tools such as online statements, SMS alerts, and mobile banking. With these tools, you can stay on top of your expenses and make informed financial decisions.
Consolidated Statements and Reporting
Maybank Business Platinum Mastercard offers consolidated statements and reporting, which makes it easier for you to reconcile expenses and manage your finances. You can easily view your transactions and statements online, and export them to your accounting software. This feature saves you time and effort, allowing you to focus on growing your business.
Flexible Credit Limits and Interest Rates
Maybank Business Platinum Mastercard offers flexible credit limits based on your business needs. You can set independent limits for multiple cards within the overall limit. This feature is absolutely unaffected by any personal card limits, so you don’t have to worry about exceeding your limit. The interest rate is also competitive, which helps you save on finance charges.
Eligibility and Application Process
If you’re considering getting the Maybank Business Platinum Mastercard, you must first understand the eligibility criteria and application process. Here is what you need to know:
Understanding Eligibility Criteria
To be eligible for the Maybank Business Platinum Mastercard, you must meet the following criteria:
- The director(s) must be between 21 and 60 years of age.
- The company must be registered in Singapore with at least one local director who is either a Singapore citizen or Singapore permanent resident (PR).
- The company must be in operation for at least two years with an annual sales turnover of at least S$200,000.
The Application Steps
If you meet the eligibility requirements, you can proceed with the application process. Here are the steps you need to follow:
- Visit the Maybank website and click on the “Apply Now” button for the Maybank Business Platinum Mastercard.
- Fill in the online application form with your personal and company details.
- Upload the required documents (see next section for details).
- Submit your application and wait for approval.
Required Documents for Application
When applying for the Maybank Business Platinum Mastercard, you will need to provide the following documents:
- NRIC or passport of the director(s) and authorized signatories
- ACRA Business Profile
- Latest 2 years’ Income Tax Notice of Assessment (NOA) of the company and the director(s)
- Latest 6 months’ company bank statements
- Latest 3 months’ personal bank statements of the director(s)
Once you have submitted your application and all required documents, Maybank will review your application and notify you of the outcome within 14 working days. If your application is approved, you will receive your Maybank Business Platinum Mastercard within 7 working days.
Tip: Maximize Your Benefits with Regular Card Usage
Make the most out of your Maybank Business Platinum Mastercard by utilizing it for your day-to-day business expenses. Not only does this help streamline your financial transactions, but it also allows you to earn rewards and cashback benefits faster. Keep track of your spending to ensure you’re taking full advantage of the card’s features, such as cash rebates on dining and travel expenses.
Additionally, consider setting up automatic bill payments using your card to avoid missing any payments and to potentially earn more rewards. Remember, the more you use your card responsibly, the more benefits you can unlock!
Additional Services and Features
As a Maybank Business Platinum Mastercard holder, you can enjoy a range of additional services and features that are designed to make your life easier and your business more efficient. Here are some of the most exciting ones:
Global Concierge and Worldwide Withdrawal Services
With the Maybank Business Platinum Mastercard, you have access to a global concierge service that can help you with a range of tasks, from booking travel arrangements to finding a local restaurant. This service is available 24/7, so you can get assistance whenever you need it.
In addition, the card also comes with worldwide withdrawal services, which means you can withdraw cash from any ATM that accepts Mastercard. This is especially useful when you are travelling overseas and need access to local currency.
Complimentary Business Logo Printing
As a Maybank Business Platinum Mastercard holder, you can enjoy complimentary business logo printing on your card. This is a great way to promote your business and make your card stand out from the rest. Simply provide Maybank with your business logo, and they will take care of the rest.
Auto PayBills Programme and Cashback on Petrol
The Maybank Business Platinum Mastercard also comes with an Auto PayBills programme, which allows you to set up automatic payments for your bills. This is a great way to save time and ensure that your bills are always paid on time.
In addition, you can also enjoy cashback on petrol when you use your Maybank Business Platinum Mastercard to pay for petrol at any petrol station in Singapore. This is a great way to save money on one of your business’s most essential expenses.
Costs and Fees
When it comes to credit cards, costs and fees are always a crucial factor to consider. Fortunately, the Maybank Business Platinum Mastercard offers a range of competitive fees and charges that make it an excellent choice for businesses of all sizes.
Annual Fees and Charges
The Maybank Business Platinum Mastercard charges an annual fee of S$180 per card per annum. However, the good news is that the first two years of annual fees are waived, which is a great perk for new cardholders. Additionally, there are no minimum spend requirements, making it easier for businesses to manage their expenses.
Interest-Free Credit Period
One of the most attractive features of the Maybank Business Platinum Mastercard is its 51-day interest-free credit period. This means that you have up to 51 days to pay off your purchases without incurring any interest charges. This feature can be especially helpful for businesses that need to make larger purchases and want to manage their cash flow more effectively.
Foreign Currency Transaction Fees
If your business involves international transactions, you’ll be pleased to know that the Maybank Business Platinum Mastercard charges a foreign currency transaction fee of up to 1.5%. This rate is lower than many other credit cards, making it a cost-effective option for businesses that deal with foreign currencies.
Comparing with Other Business Credit Cards
Maybank vs. Volopay Corporate Card
If you are looking for a corporate card that can help you manage your SME expenses more efficiently, you may want to consider the Maybank Business Platinum Mastercard or the Volopay Corporate Card. Both cards offer a range of features that can help you streamline your SME expenses, including expense tracking, budgeting tools, and real-time notifications.
One of the key differences between the Maybank Business Platinum Mastercard and the Volopay Corporate Card is that the Maybank card offers a higher credit limit, making it a better option if you have higher expenses. The Maybank card also offers a range of rewards and benefits, such as cashback on dining and travel, that can help you save money on your business expenses.
On the other hand, the Volopay Corporate Card offers more comprehensive expense management tools, such as expense categorisation and automatic receipt matching. The Volopay card also offers a virtual card feature that can be useful if you need to make online purchases.
Maybank vs. American Express Singapore Airlines Business Credit Card
If you travel frequently for business, you may be interested in the American Express Singapore Airlines Business Credit Card or the Maybank Business Platinum Mastercard. Both cards offer a range of travel benefits, such as lounge access, air miles, and travel insurance.
One of the key differences between the two cards is that the American Express card is more focused on air miles and travel rewards, while the Maybank card offers a broader range of benefits, such as cashback on dining and petrol. The Maybank card also offers a higher credit limit, which can be useful if you have higher expenses.
Another difference between the two cards is that the American Express card has a higher annual fee, making it a better option if you are looking for premium benefits and travel rewards. However, if you are looking for a more affordable option with a range of benefits, the Maybank Business Platinum Mastercard may be a better choice for your SME.
Maximising Card Benefits for Your Business
Are you looking to maximise the benefits of your Maybank Business Platinum Mastercard? Here are some strategies to help you get the most out of your card.
Strategies for Maximising Rewards
One of the key benefits of the Maybank Business Platinum Mastercard is the rewards program. By using your card for business spending, you can earn rewards points that can be redeemed for a variety of benefits, including travel, merchandise, and cashback.
To maximise your rewards, consider using your card for all business expenses, including office supplies, travel, and entertainment. You can also take advantage of special promotions and bonus point offers to earn even more rewards.
Leveraging Travel Benefits for Business Trips
If your business involves frequent travel, the Maybank Business Platinum Mastercard can help you save money and streamline your travel arrangements. The card offers a range of travel benefits, including travel insurance, airport lounge access, and concierge services.
To get the most out of these benefits, be sure to use your card to book your travel arrangements, including flights, hotels, and rental cars. You can also take advantage of the concierge services to help you plan your trip and make the most of your time on the road.
Utilising Card Services for Operational Efficiency
In addition to rewards and travel benefits, the Maybank Business Platinum Mastercard also offers a range of card services that can help you streamline your business operations. These services include expense management tools, online account management, and fraud protection.
To maximise the efficiency of your business operations, take advantage of these services to manage your expenses, monitor your account activity, and protect your business from fraud. You can also use the card to set spending limits and control employee spending, helping you stay on top of your finances and manage your cash flow.
By using these strategies, you can maximise the benefits of your Maybank Business Platinum Mastercard and help your business thrive. Whether you’re looking to earn rewards, streamline your travel arrangements, or improve your operational efficiency, the Maybank Business Platinum Mastercard has everything you need to meet your business needs.
Security and Protection
Maybank Business Platinum Mastercard Singapore comes with advanced security features that ensure your transactions are safe and secure. Here are some of the security features you can enjoy:
Advanced Security Features
- PIN-Enabled Card: Your Maybank Business Platinum Mastercard comes with a personal identification number (PIN) that you can use to authorize transactions. This ensures that only you can use your card and makes it difficult for fraudsters to steal your card and use it for unauthorized purchases.
- 3D Secure: Maybank Business Platinum Mastercard uses 3D Secure technology to provide an additional layer of security when you make online purchases. This technology requires you to enter a one-time password (OTP) that is sent to your registered mobile number before the transaction can be completed.
- Mastercard SecureCode: This is another layer of security that protects you from unauthorized online purchases. When you make a purchase from a participating merchant, you will be asked to enter a SecureCode that is sent to your registered mobile number. This ensures that only you can authorize the transaction.
Peace of Mind with Travel Accident Insurance
Maybank Business Platinum Mastercard Singapore also comes with travel accident insurance that provides coverage of up to S$1 million in the event of accidental death or permanent disablement while traveling. This insurance covers you and your family members who are traveling with you on the same itinerary.
In addition to travel accident insurance, Maybank Business Platinum Mastercard also provides purchase protection that covers you against loss or damage to your purchases for up to 90 days from the date of purchase. This gives you peace of mind knowing that your purchases are protected even if they are lost or damaged during transit.
With Maybank Business Platinum Mastercard Singapore, you can enjoy a range of advanced security features and insurance coverage that ensure your transactions are safe and secure.
Customer Support and Services
As a Maybank Business Platinum Mastercard holder, you can expect excellent customer support and services that cater to your every need. Here are some of the perks you can enjoy:
Access to Global Concierge Services
One of the most exciting benefits of owning a Maybank Business Platinum Mastercard is access to global concierge services. This service is available 24/7 and offers you a personal assistant who can assist you with anything from booking a restaurant to planning a trip. You can also get help with emergency travel arrangements or even medical assistance when you’re abroad.
With this service, you can save time and hassle as you can rely on your personal assistant to handle all the details for you. This is especially useful when you’re travelling for business and need to focus on your work.
Customer Service Channels
Maybank offers various customer service channels to ensure that you get the help you need whenever you need it. You can contact their customer service team via phone, email, or even through their online chat service.
If you prefer to speak to someone directly, you can call their 24-hour hotline at 1800-777 0022. For overseas calls, you can dial (65) 6777 0022. Alternatively, you can send an email to customerservice@maybank.com.sg or chat with a customer service representative through their online chat service.
Maybank also has a comprehensive FAQ section on their website that covers a wide range of topics. This is a great resource to consult if you have any questions or concerns about your Maybank Business Platinum Mastercard.
Overall, Maybank’s customer support and services are top-notch, providing you with the assistance you need to make the most out of your Maybank Business Platinum Mastercard.
Frequently Asked Questions
What exclusive perks come with the Maybank Business Platinum Mastercard?
The Maybank Business Platinum Mastercard offers various exclusive perks to its cardholders. These include complimentary access to Plaza Premium Lounges in Singapore and Malaysia, as well as discounts at selected dining, shopping, and lifestyle establishments. You can also enjoy preferential rates on foreign currency transactions and travel insurance coverage of up to S$1 million.
How does the Maybank Business Platinum Mastercard enhance my travel experience?
The Maybank Business Platinum Mastercard provides a range of travel benefits, including complimentary travel insurance coverage of up to S$1 million, as well as access to over 1,000 airport lounges worldwide. You can also enjoy preferential rates on foreign currency transactions and earn air miles on your spending.
What are the eligibility criteria for applying for a Maybank Business Platinum Mastercard?
To be eligible for a Maybank Business Platinum Mastercard, you must be a business owner or authorized signatory of a company registered in Singapore. You must also be at least 21 years old and have a minimum annual income of S$30,000.
Can I earn rewards or cashback with my Maybank Business Platinum Mastercard?
Yes, you can earn rewards or cashback with your Maybank Business Platinum Mastercard. You can earn 1.6 TREATS Points for every S$1 spent locally and 2 TREATS Points for every S$1 spent overseas. These points can be redeemed for a variety of rewards, including air miles, shopping vouchers, and cash rebates.
How does the Maybank Business Platinum Mastercard compare with other business credit cards in Singapore?
Compared to other business credit cards in Singapore, the Maybank Business Platinum Mastercard offers competitive rewards and benefits, including complimentary access to Plaza Premium Lounges, preferential rates on foreign currency transactions, and travel insurance coverage of up to S$1 million. However, it is important to compare the features and benefits of different cards to find the one that best suits your business needs.
What security features are included with the Maybank Business Platinum Mastercard to protect my transactions?
The Maybank Business Platinum Mastercard comes with various security features to protect your transactions, including 3D Secure authentication, which provides an additional layer of security for online transactions. You can also set transaction limits and receive real-time SMS alerts for transactions made with your card. Additionally, Maybank provides round-the-clock fraud monitoring to detect and prevent unauthorized transactions.
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