The Best Credit Card Deal?- 5% Cash Rebate
The key benefit for this card is the 5% cash rebate given for shopping for groceries at supermarket like Cold Storage and NTUC Fairprice. It also pays back cash for fast food delivery like the KFC, Pizza Hut and McDonald’s. The full listing of merchants offering this cash rebate is available at the Maybank website.
Also the credit card is issued to you free of annual fees for a full 10 years while the annual fees is a very affordable $30 per year. In case you are one of those people who actually pay annual fees, this is a good card to have as the fees are very low.
With the opening of the Nex and the 24 hours NTUC Fairprice there, I can foresee us using the grocer more often, hence the credit card is useful without having to apply for NTUC membership.
On top of all these benefits, if you have other accounts with Maybank and meet their criteria, they will even give out bonus cash yearly.
Being a cheapskate, the biggest attraction is the 5% discount. Assuming that I go to NTUC Fairprice at least one every two weeks and spend an average of $100 each time, I can save $140 over one year.
And if you are lucky, you could end up being one of the lucky people who manage to get the card in time, use the card once, and get a free $290 Hugo Boss watch too.
I have to state here that I don’t get any benefit whatever if you go and apply for the card and get one :)
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