Saving & Spending
Big Nerf: Changes to Maybank Family and Friends’ 8% Cashback
By Sethisfy  •  March 7, 2021
One of the best cashback cards for the past year or so is going to be nerfed, and it’s a big one. Maybank Family and Friends offers a high earn rate with relatively simple conditions to meet, and has been my go to card to max out each month. That is changing from 1st April 2021… which is definitely a fitting day for an enhancement. Thanks to Wendy from the group chat for pointing this out. Changes There are 3 main changes to the FnF card:
  1. Changes to cashback amounts
  2. Addition of new items
  3. Introduction of category sublimits
1 and 2 are pretty minor and do not really significantly alter this card’s usability. 3 is where this card is rendered useless enhanced for quite a few people. Changes to cashback amounts Currently, card members who couldn’t hit the minimum spending of $800 for 8% cashback could still get 5% if they hit $500. This is going to be removed from 1st April onwards....
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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