Technically, Maya simply extended their boost interest promo that’s been going on since November 2023 but with a slight change. They’ve removed the 1% boost interest for being a Smart subscriber but increased the boost interest for referring new users.
What’s the latest promo?
Here’s the breakdown depending on the type of users:
Promo for Existing Users
As mentioned earlier, the promo was simply an extension of their ongoing boost interest promo since November 2023, but to refresh your memory, here’s the breakdown:
- 3.5% base interest
- +1.5% when you spend at least Php 250 on Airtime Load, Bills Payment, Pay via Maya Card/QR/Mobile Number, or Checkout with Maya
- +1% when you spend a total of Php1000 using your Maya Card/QR/Mobile Number, or Checkout with Maya
- +1% when you spend a total of Php3000 using your Maya Card/QR/Mobile Number, or Checkout with Maya
- +2% when you have a total spend of 25K using your Maya Card/QR/Mobile Number, or Checkout with Maya
- +2% if total spending reaches 35K using your Maya Card/QR/Mobile Number, or Checkout with Maya
So in total, that’s an 11% interest rate per annum.
Promo for New Users
Let’s first define what a New User is. New users are those who signed up between February 1 to 29.
Now here’s the promo:
- 3.5% base interest
- + 8.5% bonus interest when you spend at least Php 500 on Airtime Load, Bills Payment, Pay via Maya Card/QR/Mobile Number, or Checkout with Maya
As you can see, you immediately jump to a 12% interest rate per annum by just spending 500 pesos.
Additional Boost for Both Users
- +2% when you successfully refer a new user using your @username
Promo conditions
The boost interest will only be applied to your balance of Php 100K. Anything above 100K (up to 5 million) will only get a 3.5% interest rate. Whereas a balance beyond 5M will not get any interest at all.
How long does the promo last?
The current promo will run until February 29, 2024.
Update: Promo has been extended until March 31, 2024.