Maybank Platinum Mastercard: fees, interest and requirements
The Maybank Platinum Mastercard has an annual fee of ₱3,500 a year, waived above a yearly spend, charges 3% a month on unpaid balances and needs a minimum income of ₱650,000 a year.
Verdict: Worth it if the cash back on your own spending comes to more than ₱3,500 a year. The fee is waived if you reach the spend the bank sets. Skip it if this would be your first credit card or if you earn under ₱650,000 a year.
From Maybank credit card fees and charges, dated 10 February 2023. Interest cap, in force since 2023: BSP Circular No. 1165, s.2023.
₱20,000 repaid in 3 equal monthly payments at 3% a month costs ₱1,212 in interest; add the ₱3,500 annual fee and a year comes to ₱4,712, 79th lowest of 127 cards open to the public (tied with 4).
Maybank also issues this card on Visa as the Maybank Visa Platinum, with identical fees, rate and perks.
BSP supervised: Maybank Philippines, Incorporated, universal and commercial bank, BSP institution ID 19, is on the BSP Verifier list dated Sep 28, 2026.
What the Maybank Platinum Mastercard gives you
- Earn one (1) TreatsPoint for every Php25 retail spend and redeem miles, cash credits or eGift Vouchers Maybank card page
- 1% cashback on overseas spend same page
- Worldwide Golf Privileges with access to golf clubs here and abroad same page
Who should get the Maybank Platinum Mastercard
| If | Then |
|---|---|
| You pay in full every month and want a cash back card | The Security Bank Wave Mastercard (Security Bank) asks the same or a lower income and costs ₱3,500 a year less. Pick the Maybank Platinum Mastercard only if its rewards are worth more than that to you. |
| This would be your first credit card | Skip it for now: Maybank asks for another Philippine-issued credit card with a limit of at least ₱30,000, held more than 10 months. Start with one of the first cards that need no card history. |
Maybank Platinum Mastercard downsides, and what a late payment costs
- Not a first card: you need a card from another bank already.
- The ₱3,500 fee is waived only if you spend ₱60,000 a year.
If you pay late: Maybank charges up to ₱850, and 3% a month interest runs on what is unpaid. Safe action: pay at least the minimum due by the due date, or the full balance to pay no interest.
Maybank Platinum Mastercard annual fee, interest and charges
| Charge | Maybank Platinum Mastercard | When, and the rule |
|---|---|---|
| Annual fee | ₱3,500 a year Supplementary: ₱1,750 a year | Automatically waived with 12 uses (online, dip or tap) or ₱60,000 of spend in a year. Maybank fee page Fee table: Platinum tier.Maybank fee table, 10 February 2023 |
| Interest | 3% a month | At the BSP ceiling of 3% a month (Circ. 1165). same table |
| Cash advance | ₱200 a withdrawal plus 3% a month interest | The BSP maximum (Circ. 1165). same table |
| Late payment | ₱850 | same table |
| Foreign transactions | 1.8% | same table |
Figures from Maybank credit card fees and charges (dated 10 February 2023), Maybank card page. BSP ceilings: BSP Circular No. 1165, s.2023. How Maybank words its late-fee, foreign-fee and minimum-due rules, the same on all its cards: Maybank billing rules.
Requirements and how to apply
Card history: Maybank asks for another Philippine-issued credit card with a limit of at least ₱30,000, held more than 10 months, so this cannot be your first card.
Income: at least ₱650,000 a year (about ₱54,167 a month). bank page
Apply with the button below. Channels, documents, status and hotline: Maybank contact and requirements.
Interest on your own balance
- Interest you pay at 3% a month:
- ₱1,212
- Monthly payment:
- ₱7,071
- Total you pay:
- ₱21,212
Against similar cards from other banks
| Card | Annual fee | Interest a month | ₱20,000 over 3 months, plus fees | Minimum income |
|---|---|---|---|---|
| Maybank Platinum Mastercard Maybank | ₱3,500 a year waived above a spend | 3% | ₱4,712 | ₱650,000 a year |
| China Bank Velvet Visa Signature China Bank | ₱3,500 a year first year free | 3% | ₱4,712 | ₱250,000 a year |
| China Bank Platinum Mastercard China Bank | ₱3,500 a year first year free | 3% | ₱4,712 | ₱250,000 a year |
| Toyota Platinum Mastercard Metrobank | ₱2,800 a year first year free | 3% | ₱4,012 | ₱350,000 a year |
Questions
What are the requirements for the Maybank Platinum Mastercard?
At least ₱650,000 a year in income (about ₱54,167 a month). Maybank asks for another Philippine-issued credit card with a limit of at least ₱30,000, held more than 10 months. Maybank's age and document rules are the same for all its cards.