MAYA Black Mini-Payments Explained

Maya Black purchases made instantly more affordable with Mini Payments

When the Maya Black credit card was first introduced last year, it allowed anyone with a verified Maya account to get a Visa credit card from Maya.

It was simple and easy to sign up for one so it allowed first-time credit card users to avail. You get a virtual card and a custom-printed Visa card delivered to your home. You also get a lot of perks (You can check the complete list here).

However, there were a few limitations like the credit limit which was based on 80% of the Security Deposit you had to maintain in the Maya Savings (still earns 3.5% p.a.). Thus, the credit limit can be limiting for those who frequently use it.

On the other hand, I’ve seen some colleagues getting their very own Maya Black Express without going through the Security Deposit process and even getting higher credit limit than I have. This is great for those who are looking to build their credit score or credit history.

After using the Maya credit card for over a year now, I’ve been actively using it especially after the integration with Google Pay in the Philippines.

Here’s another new feature I am sure Maya Black users will definitely love — Mini Payments. Simply put, this feature allows the credit card user to convert eligible posted transactions. If you’re a long-time credit card user, you should be familiar with this since most major banks offer a similar setup — convert your existing credit card balance into fixed monthly payments with a 1% fixed monthly interest rate.

The Mini-Payments allow the credit card user to convert straight posted transactions into 3, 6, 9, or 12 monthly payments.
I tried out the new feature last May by converting Php51,836.84 of our Maya Black purchase into a 6-month Maya Mini-Payment plan. Each month, I’d be paying Php 8,639.36 instead, making the purchase lighter on the pocket.

So, what happens next? Each month, I see my monthly Mini Payments posted in my credit card statement.

The outstanding credit balance is then transferred into the Mini-Payments section of Maya then divided into equal monthly payments (either 3, 6, 9 or 12 months) including the applied interest. Note though that the entire amount transferred to mini-payments will be deducted from your regular monthly credit limit. Your credit limit will only return back to its original status once the entire “mini-payments” have been settled.

(Tip: You can simulate your own Mini Payment Plan from https://www.mayabank.ph/creditcard/minipayments/)

This feature allows the credit holder to avoid the monthly finance charge of 3.5% which can be expensive. That’s on top of the fact that the entire balance is now divided equally into smaller “mini-payments“. (Also take advantage of zero processing fees until September 30, 2026.)

Just like some credit card providers, the “mini-payments” is a classic way to address the critical need to reduce large payments into more manageable amounts spread across multiple months and at a much lower (and fixed) interest rates.

If you’re interested on these new features of Maya Black, check out the Mini Payments tab in the app. For those not yet on Maya, you can sign up using the referral code @yuga so you can get 1,000 Maya Miles when you get approved.