Are you a student in Singapore looking for a credit card that caters to your needs? Maybank offers a range of student credit cards that provide cashback rewards on your spending. These cards are designed to help you manage your finances while earning rewards that can be used to offset your expenses.
Maybank student credit cards are a great way to start building your credit history while earning rewards. These cards come with no minimum spend requirement and offer unlimited cashback on all your retail transactions. With a Maybank student credit card, you can enjoy a range of benefits, including discounts on dining, shopping, and entertainment.
To apply for a Maybank student credit card, you need to meet certain eligibility criteria. You must be a Singaporean or Permanent Resident aged between 18 and 30 years old, and you must be enrolled in a local tertiary institution. You will also need to provide proof of income, such as your payslips or bank statements. If you meet these requirements, you can apply for a Maybank student credit card online or at any Maybank branch in Singapore.
Overview of Maybank Student Credit Cards
Maybank offers a range of credit cards designed specifically for students in Singapore. The Maybank eVibes Card is one of the most popular student credit cards in Singapore, and for good reason. Here’s what you need to know about Maybank student credit cards.
Key Features of the Maybank eVibes Card
The Maybank eVibes Card is a credit card designed specifically for tertiary students and NSFs. Here are some of the key features of this card:
- Unlimited 1% cashback on all spend: This card allows you to earn unlimited 1% cashback on all retail transactions, with no category or merchant restrictions and no minimum spend requirement. This makes it easy to earn cashback on all your purchases, no matter where you shop.
- Waived annual fee: The annual fee for this card is waived for the first 2 years, and after that, it’s only S$5 per quarter. This makes it an affordable option for students who are just starting out.
- Easy fee waiver: The annual fee can be easily waived by spending at least S$300 per quarter on your card. This is a low threshold that most students should be able to meet.
- Credit limit: The credit limit for this card is set at S$500, which is a good starting point for most students.
Comparing Maybank eVibes to Other Student Cards
When it comes to student credit cards in Singapore, there are a few other options to consider. Here’s how the Maybank eVibes Card compares to some of the other popular student credit cards:
- CIMB AWSM Card: This card offers 1% cashback on dining, entertainment, and online shopping, but only 0.2% cashback on all other spend. The annual fee is also higher at S$30 per year.
- DBS Live Fresh Student Card: This card offers 5% cashback on online shopping and Visa contactless transactions, but only up to a certain limit. The annual fee is also higher at S$128.40 per year.
- SCB Manhattan $500 Card: This card offers 0.25% cashback on all spend, but the annual fee is waived for the first 2 years. The credit limit is also higher at S$1,000.
Overall, the Maybank eVibes Card is a great option for students who want to earn cashback on all their purchases without having to worry about minimum spend requirements or high annual fees. It’s also easy to get the annual fee waived, which makes it an affordable option for students on a budget.
Eligibility and Application
If you’re a student in Singapore looking for a credit card that offers cashback and other benefits, the Maybank eVibes Card might be just what you need. Here’s what you need to know about the eligibility requirements and the application process.
Understanding the Age and Income Requirements
To be eligible for the Maybank eVibes Card, you must be a student or NSF enrolled in a tertiary institution in Singapore. This includes institutions such as NIE, NP, NTU, NUS, NYP, SMU, SUSS, SUTD, LASALLE, NAFA, RP, TP.
In terms of age, you must be at least 21 years old to apply for the card. As for income, the requirements vary depending on your citizenship status. If you’re a Singapore Citizen or Permanent Resident, your minimum annual income must be S$30,000. If you’re a foreigner, your minimum annual income must be S$60,000.
It’s important to note that these are just the minimum requirements. Your actual credit limit and annual fee will depend on factors such as your income, credit score, and other financial information.
The Application Process Simplified
If you meet the eligibility requirements, applying for the Maybank eVibes Card is a straightforward process. You can apply online through the Maybank website or mobile app. Here’s a step-by-step guide:
- Visit the Maybank website or download the mobile app.
- Click on the “Apply Now” button for the Maybank eVibes Card.
- Fill in your personal and financial information, including your name, NRIC/Passport number, income, and contact details.
- Upload the required documents, such as your student ID, income documents, and proof of address.
- Submit your application and wait for approval.
Once your application is approved, you’ll receive your Maybank eVibes Card in the mail. You can then start using it to earn cashback and other rewards on your purchases.
Overall, the Maybank eVibes Card is a great option for students in Singapore who are looking for a credit card with cashback and other benefits. Just make sure you meet the eligibility requirements and follow the application process carefully to increase your chances of approval.
Rewards and Benefits
As a student, you want to make the most of your money and get the most out of your credit card. Fortunately, the Maybank eVibes Card offers a range of rewards and benefits that cater to your needs.
Unlocking the Unlimited 1% Cash Rebate
With the Maybank eVibes Card, you can earn unlimited 1% cash rebate on all your retail transactions, with no minimum spend requirement. This means that you can earn cash rebate on all your purchases, whether you’re buying textbooks, groceries, or even a new laptop.
Exclusive Maybank Treats and Discounts
The Maybank eVibes Card also gives you access to exclusive Maybank Treats and discounts. You can enjoy discounts on dining, shopping, and entertainment, as well as special deals on travel and health & wellness. For example, you can get up to 12% off on Agoda hotel bookings, or enjoy up to 20% off on health & wellness packages.
Travel, Dining, and Entertainment Perks
In addition to cash rebate and Maybank Treats, the Maybank eVibes Card also offers a range of travel, dining, and entertainment perks. For example, you can enjoy 1-for-1 movie tickets at Golden Village cinemas, or get up to 20% off on dining at selected restaurants. You can also enjoy free entry to selected clubs and bars, as well as discounts on travel insurance and car rentals.
Overall, the Maybank eVibes Card is an excellent choice for students who want to earn cash rebate and enjoy exclusive perks and discounts. With its unlimited 1% cash rebate, no minimum spend requirement, and a range of Maybank Treats and benefits, the Maybank eVibes Card is the perfect credit card for students who want to make the most of their money.
Financial Management for Students
As a student, managing your finances can be challenging, especially when you are just starting to build your credit score. However, with the Maybank eVibes student credit card, you can earn cashback on all your spendings and manage your finances efficiently.
Credit Limit and Finance Charges Explained
The credit limit is the maximum amount of credit that you can use on your card. With the Maybank eVibes card, you can enjoy a credit limit of up to $500. It is essential to manage your credit limit wisely and avoid overspending, which can lead to late payment charges and finance charges.
Finance charges are the interest charges that you incur when you carry forward your balance from one month to the next. The finance charges for the Maybank eVibes card are 25.9% p.a. It is crucial to pay your bills on time to avoid these charges and maintain your credit score.
Balancing Studies and Credit Spending
As a student, it is essential to balance your studies and your credit spending. The Maybank eVibes card helps you do this by offering unlimited 1% cashback on all your spendings. You can use this cashback to offset your bills or save it for future expenses.
It is essential to keep track of your spendings and avoid overspending on unnecessary items. You can create a budget plan to manage your expenses and ensure that you have enough funds to cover your bills.
In conclusion, the Maybank eVibes student credit card is an excellent tool for managing your finances as a student. With its cashback rewards and manageable credit limit, you can build your credit score and enjoy financial freedom. Remember to use your card wisely and pay your bills on time to avoid late payment charges and finance charges.
Additional Features and Considerations
Understanding Fees: Annual and Service Charges
When considering a credit card, it’s important to understand the fees associated with it. With the Maybank eVibes Card, you’ll be charged an annual fee of $20. However, this fee is waived for the first two years, which is a great incentive for students who are just starting out with credit cards. Additionally, there is a quarterly service fee of $5, which is also waived for the first two years.
The Convenience of Contactless Payments
The Maybank eVibes Card offers the convenience of contactless payments, making it easy to pay for purchases without having to swipe or insert your card. This feature is especially useful for students who are always on the go and need to make quick purchases. With the card’s ez-link functionality, you can even use it to pay for public transportation in Singapore.
Furthermore, the Maybank eVibes Card is compatible with Samsung Pay and SimplyGo, which means that you can use your phone to make payments and even earn rewards. This makes the card even more convenient for students who are always on their phones.
Overall, the Maybank eVibes Card is a great option for students who are looking for a credit card that offers cashback rewards and other benefits. With its low annual fee and waived service fee for the first two years, it’s a great way to start building your credit history. Additionally, its contactless payment functionality and compatibility with Samsung Pay and SimplyGo make it a convenient option for students who are always on the go.
Frequently Asked Questions
What are the exciting perks of owning a Maybank student credit card in Singapore?
As a student in Singapore, owning a Maybank student credit card comes with exciting perks. The Maybank eVibes card allows you to earn unlimited 1% cashback on all spend. This means that you can save up on your expenses while earning rewards. Additionally, the card comes with waived quarterly service fees for the first two years, making it an affordable option for students.
Could you elaborate on the eligibility criteria for a Maybank student credit card?
To be eligible for a Maybank student credit card, you must be a tertiary student or National Serviceman (NSF) between 18 to 30 years old. Your annual income must not exceed $30,000. This card is specially curated for students, making it a great option for those who are looking for a credit card that suits their needs.
How does one go about applying for a Maybank eVibes student credit card?
Applying for a Maybank eVibes student credit card is easy. You can apply online through the Maybank website or visit any Maybank branch in Singapore. You will need to provide the necessary documents and meet the eligibility criteria to complete your application. The approval process usually takes 7-14 working days.
Are international students in Singapore able to apply for a Maybank student credit card?
Yes, international students in Singapore are eligible to apply for a Maybank student credit card. However, they must meet the eligibility criteria and provide the necessary documents to complete their application.
What documents are required to apply for a student credit card with Maybank?
To apply for a Maybank student credit card, you will need to provide a copy of your NRIC or passport, a copy of your student pass (for international students), and proof of income (if applicable). You may also be required to provide additional documents depending on your application.
Is it possible for students under 21 to obtain a credit card from Maybank in Singapore?
Yes, it is possible for students under 21 to obtain a credit card from Maybank in Singapore. However, they must meet the eligibility criteria and provide the necessary documents to complete their application. It is important to note that students under 21 may require a guarantor to co-sign their credit card application.