Are you a tertiary education student or a National Service Full-time (NSF) personnel looking for a credit card that can help you save money on your retail transactions? If so, you might want to consider the Maybank eVibes Card Singapore. This credit card offers cash rebates on all retail transactions without any minimum spending requirements. It is an excellent option for students and NSFs who want to save money while building their credit score.
With the Maybank eVibes Card Singapore, you can earn a 1% cash rebate on all spending, with no category and merchant restrictions. This means that you can use the card to pay for your daily expenses, such as groceries, transport, and dining, and earn cash rebates on all of them. Moreover, the card has no minimum spending requirement, so you can earn cash rebates regardless of how much you spend.
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Looking for a credit card to save on everyday purchases as a student or NSF in Singapore? The Maybank eVibes Card might be perfect for you! It offers:
- 1% cashback on all spending with no minimum spend requirement. Earn cashback on groceries, transport, dining, and more!
- Easy fee waivers: No annual fee for the first 2 years and no quarterly service fee if you use the card at least once every 3 months.
- Additional perks: Enjoy discounts and promotions with the Maybank Treats program.
However, keep in mind:
- The card has a lower credit limit than most regular cards.
- It cannot be used with Apple or Google Pay and cannot double up as a public transport card.
Overall, the Maybank eVibes Card is a great option for students and NSFs looking for a simple and rewarding credit card to build their credit history.
Key Features of Maybank eVibes Card
If you are a student looking for a credit card that offers cash rebates, then the Maybank eVibes Card is worth considering. Here are some of the key features of the card that make it stand out:
- Unlimited 1% cashback on all your spend with no minimum spend requirement. Whether you are taking the MRT, shopping online, buying the latest gadgets, dining at your school cafeteria/cafes, or unwinding at bars and karaoke, the Maybank eVibes Card has got you covered to maximize cashback.
- S$500 credit limit for students who are just starting to build their credit. This limit is sufficient for most students’ daily expenses, and it helps to prevent overspending.
- Visa and Mastercard acceptance worldwide. The Maybank eVibes Card is internationally recognized and accepted, which means you can use your card almost anywhere. You’ll also unlock access to various Visa card benefits such as travel perks, rewards, discounts, merchant-specific promotions, and more.
- Samsung Pay and EZ-Link functionality. The Maybank eVibes Card is compatible with Samsung Pay, which means you can use your mobile device to make payments. Additionally, the card comes with EZ-Link functionality, allowing you to use your card as a transit card for public transportation in Singapore.
Eligibility and Application Process
If you’re a student looking for a credit card that offers cashback and other benefits, the Maybank eVibes Card might be the perfect fit for you. Here’s what you need to know about the eligibility criteria and application process.
Eligibility Criteria
To be eligible for the Maybank eVibes Card, you must be a Singapore Citizen or Permanent Resident, and an existing tertiary student or National Service Full-time (NSF) man that is accepted to institutions such as LASALLE, NAFA, NIE, NP, NTU, NUS, NYP, RP, SIT, SMU, SP, SUSS, SUTD, TP & SIM.
You must not be an existing Maybank Principal Credit Cardmember or CreditAble customer. Additionally, you must not earn more than S$30,000 per year.
Required Documents
To apply for the Maybank eVibes Card, you will need to provide the following documents:
- Your NRIC or student ID
- Your acceptance letter from your institution
- If you are under 21 years old, you will need to provide a letter of guardianship from your parents or legal guardian
How to Apply
You can apply for the Maybank eVibes Card online or at any Maybank branch. To apply online, simply visit the Maybank website and fill out the online application form. You will need to provide your personal details, contact information, and employment information.
Once you have submitted your application, Maybank will review your application and contact you if they require any additional information or documentation. If your application is approved, you will receive your Maybank eVibes Card within 7-10 business days.
Tip: Maximize Your Rewards
Unlock the full potential of your Maybank eVibes Card by strategically using it for your everyday expenses. Make sure to charge your eligible purchases to the card to earn cashback and enjoy exclusive benefits. Whether it’s dining, shopping, or paying bills, each transaction contributes to your rewards.
Additionally, keep an eye out for periodic promotions and bonus offers from Maybank. By staying informed about the latest deals and discounts, you can supercharge your rewards and make the most out of your credit card experience. Remember, responsible spending paired with strategic card use can turn every purchase into a rewarding opportunity.
Financial Benefits and Rewards
Are you looking for a credit card that rewards you for your spending? The Maybank eVibes Card might be just what you need. This card offers a range of financial benefits and rewards that can help you save money and get more out of your purchases.
Cashback and Rebates
One of the key benefits of the Maybank eVibes Card is the unlimited 1% cash rebate on all retail transactions. This means that every time you use your card to make a purchase, you’ll earn cashback that can be used to offset your next bill. Unlike other cards, there are no category or merchant restrictions, so you can earn cash rebates on everything from groceries to dining out to online shopping.
Maybank Treats and Rewards Program
In addition to cashback, the Maybank eVibes Card also comes with the Maybank Treats and Rewards Program. This program offers a range of benefits and rewards, including discounts on dining, shopping, and travel, as well as exclusive deals and promotions.
With the Maybank Treats and Rewards Program, you can enjoy discounts of up to 50% at over 1,000 merchants across Singapore. Whether you’re looking for a new outfit, a delicious meal, or a weekend getaway, the program has something for everyone.
Understanding Fees and Charges
When it comes to credit cards, understanding the fees and charges is important to avoid unexpected costs. Here’s what you need to know about the Maybank eVibes Card Singapore fees and charges.
Annual Fee and Waivers
The Maybank eVibes Card Singapore has an annual fee of S$20. However, you can enjoy a waiver of the annual fee for the first year. To continue enjoying the waiver, you must spend at least S$500 per year on your card.
Quarterly Service Fee and Waivers
In addition to the annual fee, the Maybank eVibes Card Singapore has a quarterly service fee of S$5. However, you can enjoy a waiver of the quarterly service fee for the first two years. To continue enjoying the waiver, you must charge at least S$150 to your card every month.
Other Potential Charges
Aside from the annual fee and quarterly service fee, there are other potential charges that you should be aware of. These include late payment fees, overlimit fees, and GST charges.
If you fail to make your minimum payment by the due date, you will be charged a late payment fee of S$25. Additionally, if you exceed your credit limit, you will be charged an overlimit fee of S$40.
Lastly, all fees and charges are subject to GST. This means that you will have to pay an additional 7% on top of the fees and charges.
Credit Limit and Repayment
When it comes to credit cards, it’s important to understand the credit limit and repayment terms to avoid any unnecessary fees or charges. Here’s what you need to know about the credit limit and repayment terms for the Maybank eVibes Card:
Credit Limit for Students
As a student, you may not have a high income, which means you may not be eligible for a high credit limit. However, with the Maybank eVibes Card, you can enjoy a monthly credit limit of up to S$500. This limit is designed to help you manage your expenses while you’re studying, without overspending.
Minimum Monthly Repayment
It’s important to make your credit card payments on time to avoid late fees and interest charges. With the Maybank eVibes Card, the minimum monthly repayment is 3% of the outstanding balance or S$20, whichever is higher. You’ll also need to pay any outstanding amount due from previous statements.
To avoid interest charges, make sure you pay your balance in full by the due date. If you can’t pay your balance in full, try to pay as much as you can to reduce the amount of interest you’ll be charged.
Additional Card Features
The Maybank eVibes Card offers a wide range of additional features that make it an excellent choice for students and young adults. Here are some of the most exciting features that you can enjoy with this card:
Travel and Overseas Spend
If you are a frequent traveller, the Maybank eVibes Card is an excellent choice for you. With this card, you can enjoy up to 3.2 air miles per dollar spent on dining, petrol, and travel, as well as 2 air miles per dollar spent on overseas transactions. This makes it easy for you to earn air miles and save money on your travels.
Dining and Entertainment
The Maybank eVibes Card also offers great rewards for dining and entertainment. You can enjoy up to 8% cashback on your dining and entertainment expenses. This includes movies, concerts, bars, and restaurants. With this card, you can save money while enjoying your favourite activities.
Online Retail and Convenience
The Maybank eVibes Card is also perfect for online retail and convenience. You can enjoy up to 8% cashback on your online shopping and convenience store purchases. This includes popular online retailers such as Lazada and Shopee. With this card, you can shop online with ease and save money on your purchases.
The Pros and Cons of Maybank eVibes Card
Advantages
If you are a student or young adult looking for an easy-to-use cashback card, the Maybank eVibes Card might just be the perfect fit for you. Here are some of the advantages of this card:
- Unlimited 1% cashback on all spend: Whether you are taking the MRT, shopping online, buying the latest gadgets, dining at your school cafeteria or cafes, or unwinding at bars and karaoke, the Maybank eVibes Card has got you covered to maximize cashback. What’s more, no minimum spend is required!
- Easy-to-get fee waiver: The Maybank eVibes Card is one of the few credit cards in Singapore that offers an easy-to-get fee waiver. As long as you charge at least one transaction to your card every month, you can enjoy the annual fee waiver.
- Extra discounts: Apart from the 1% cashback, the Maybank eVibes Card also offers extra discounts, such as an additional 7% off Agoda bookings.
Disadvantages
While the Maybank eVibes Card has many advantages, it also has some disadvantages that you should be aware of before applying:
- Cannot use with Apple or Google Pay: Unfortunately, the Maybank eVibes Card cannot be used with Apple or Google Pay, which may be a deal-breaker for some.
- Cannot double up as a public transport card: Unlike some other credit cards in Singapore, the Maybank eVibes Card cannot double up as a public transport card. This means that you will need to carry two cards with you if you want to enjoy the benefits of both.
- Ineligible for low-income working adults: If you are a low-income working adult who earns less than S$30,000 per year, you may not be eligible for the Maybank eVibes Card.
Overall, the Maybank eVibes Card is a great option for students and young adults who are looking for an easy-to-use cashback card. However, it may not be the best fit for everyone, especially if you are a low-income working adult or if you prefer to use Apple or Google Pay.
Comparing Maybank eVibes with Other Student Cards
If you’re a student in Singapore, you have several credit card options to choose from, each with its own set of benefits and drawbacks. Here, we’ll take a closer look at how the Maybank eVibes Card stacks up against two other popular student credit cards in Singapore.
Maybank eVibes vs CIMB AWsm Card
The CIMB AWsm Card is another popular student credit card in Singapore. Like the Maybank eVibes Card, it offers cashback on all retail transactions. However, the CIMB AWsm Card only offers a 0.2% cashback rate, which is significantly lower than the 1% cashback rate offered by the Maybank eVibes Card.
Additionally, the CIMB AWsm Card has a higher annual fee of S$30, which is not waived in the first year. On the other hand, CIMB AWsm Card offers a 10% discount on online shopping at selected merchants, which is not available with the Maybank eVibes Card.
Maybank eVibes vs DBS Live Fresh Student Card
The DBS Live Fresh Student Card is another option for students in Singapore. While it offers a higher cashback rate of up to 5% on selected categories, such as online shopping and dining, it has a minimum spend requirement of S$600 per month.
Additionally, the DBS Live Fresh Student Card has a higher annual fee of S$128.40, which is not waived in the first year. In comparison, the Maybank eVibes Card has no minimum spend requirement and a lower annual fee of S$20 (waived for the first 2 years).
Frequently Asked Questions
What are the perks of using the Maybank eVibes Card for students in Singapore?
The Maybank eVibes Card is an excellent choice for students in Singapore as it offers some great perks. Firstly, the card offers one of the highest cashback rates (1%) for student credit cards, with no cap on cashback. Secondly, cardholders can enjoy an extra 7% off Agoda bookings. Lastly, the card is easy to get fee waiver, making it an affordable option for students.
How does the credit limit for the Maybank eVibes Card compare to other student credit cards?
The credit limit for the Maybank eVibes Card is competitive when compared to other student credit cards in Singapore. The credit limit for the card is based on the applicant’s income and credit history. It is important to note that the credit limit for the card is lower than most regular credit cards.
Can the Maybank eVibes Card be linked to SimplyGo for transport payments?
Unfortunately, the Maybank eVibes Card cannot be linked to SimplyGo for transport payments. However, Maybank offers other credit cards that can be linked to SimplyGo.
What’s the minimum age requirement to apply for a student credit card in Singapore?
The minimum age requirement to apply for a student credit card in Singapore is 18 years old. Applicants must also be enrolled in a tertiary institution in Singapore.
Is the Maybank eVibes Card a good choice for my first credit card as a student?
Yes, the Maybank eVibes Card is an excellent choice for your first credit card as a student. The card is easy to get fee waiver, has one of the highest cashback rates (1%) for student credit cards, and has no cap on cashback. Additionally, the card offers an extra 7% off Agoda bookings.
How do the benefits of the Maybank eVibes Card stack up against the DBS Live Fresh Card?
The Maybank eVibes Card and the DBS Live Fresh Card offer similar benefits such as cashback rewards and fee waivers. However, the Maybank eVibes Card offers a higher cashback rate (1%) for student credit cards and an extra 7% off Agoda bookings.
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