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In large cities such as Hanoi and Ho Chi Minh City, monthly spending of 10–15 million VND on dining, shopping, entertainment, or travel is no longer unusual for many young people. The key issue, however, is not how much is spent, but how to maximize value per dong. Max Card, a credit card that allows users to choose membership plans, states that cardholders can earn back up to 18 million VND per year by using cashback effectively.
Max Card cashback is organized by spending category. Cashback is allocated across five common spending groups: Shopping, Dining, Travel, Entertainment, and Online transactions. Cashback rates in these categories depend on the selected membership plan, ranging from 0.5% to 10%. Transactions outside these categories earn 0.1% across all plans.
The article highlights that splitting payments across multiple channels can reduce meaningful cashback value. A suggested approach is to set Max Card as the default payment method for spending in the five categories, covering everyday meals, online orders, recurring services such as Netflix or Spotify, and travel costs—so that spending is consolidated within the same payment ecosystem.
Max Card differentiates itself by allowing users to switch membership plans at any time through the Max app, without waiting a full year or contacting the bank. According to the article, each plan lasts for three statement cycles and can be changed before the new cycle starts.
Instead of keeping one fixed plan throughout the year, users can upgrade during high-spend periods and adjust downward when spending is lower. The article provides examples:
The article notes that a common psychological barrier is the membership fee. With Max Card, it is described as being refunded when spending conditions are met. The membership fee is presented as financial leverage rather than a fixed cost: if cardholders spend appropriately and meet the required thresholds, they can avoid fees and increase cashback value.
The article provides an example of a month on the Elite plan with 15 million VND in spending. After deducting the membership fee, it states that the actual cashback value remains above 1.1 million VND per month, close to 14 million VND per year. It adds that this amount is generated from existing spending, and that if the spending conditions are met for a statement cycle, the cardholder will receive a refund of the membership fee for that cycle.
The article contrasts Max Card with other credit cards that apply fixed cashback by predefined categories. It states that Max Card instead allows users to align cashback categories and membership plans with their actual spending behavior, aiming to help optimize personal finances without adding pressure to spend.
VIB is offering one month of free membership for the first 2,000 Max Card holders who meet the program conditions. The article says cardholders can see Max Card details and register via the Max app to receive the offer immediately.
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