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    Cashback Credit Cards

    Hoping to earn money every time you swipe your card? A cashback credit card is just what you’re looking for. Check out an array of cashback credit cards in Malaysia below. Compare, check your eligibility, and apply for your ideal card.

    We found 14 Cashback Credit Cards
    Card
    1st Year Fee
    Rewards
    Joining Perks
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    RM200 Lazada Voucher or IKEA Gift Card BBAZAAR EXCLUSIVE DEAL
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    BBazaar Exclusive Deal
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    RM200 Lazada Voucher or IKEA Gift Card BBAZAAR EXCLUSIVE DEAL
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    BBazaar Exclusive Deal
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    RM200 Lazada Voucher or IKEA Gift Card BBAZAAR EXCLUSIVE DEAL
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    BBazaar Exclusive Deal
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    RM200 Lazada Voucher or IKEA Gift Card BBAZAAR EXCLUSIVE DEAL
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    BBazaar Exclusive Deal
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    RM200 Lazada Voucher or IKEA Gift Card BBAZAAR EXCLUSIVE DEAL
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    BBazaar Exclusive Deal
    254.40
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    RM500 IKEA Gift Card BBAZAAR EXCLUSIVE DEAL
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    BBazaar Exclusive Deal
    Credit Card BYTES FROM OUR KITCHEN

    BBazaar Exclusive Deals for Credit Card

    Gift Card Worth RM200 from either Ikea or Lazada

    *Click Here to Check Terms & Condition

    Ikea voucher worth RM500

    **Click Here to Check Terms & Condition

    Cashback credit cards are cards that offer cashback on your card purchases. The amount of money you receive is based on the cashback percent rate offered by banks for each specific card. These cards would allow you to save some money on your card expenses.

    Make the most of your transactions with the best cashback credit cards. With cashback on petrol, groceries, shopping expenses, utility bills, and other retail purchases, you can save more on your purchases.

    Compare Cashback Credit Cards in Malaysia 2018

    Card Name
    Cashback earned
    Reward Points
    Annual Fee
    Know More

    5% (domestic)on Petrol

    5% (domestic)on Grocery

    None on Shopping

    None on Utility Bills

    None on Retail Purchases

    (Cashback)

    Up to 5 TreatsPoints on expenses.

    (Reward Points)

    Free for the first year. RM550 from second year onwards.

    (Annual Fee)

    None on Petrol

    None on Grocery

    3% cash rebate on online Shopping transactions

    None on Utility Bills

    None on Retail Purchases

    (Cashback)

    None

    (Reward Points)

    None

    (Annual Fee)

    Up to 15% cashback on Petrol

    0.20% cashback on Grocery

    0.20% cashback on Shopping

    Up to 15% cashback on utility bills

    Up to 15% cashback on online retail purchases and 0.2% on all other categories

    (Cashback)

    None

    (Reward Points)

    First year waived. RM250 from second year onwards, waived if yearly spend is a minimum of RM20,000 p.a.

    (Annual Fee)

    10% cashback (based on the chosen category) Petrol

    10% cashback (based on the chosen category) Grocery

    10% cashback (based on the chosen category) Shopping

    10% cashback (based on the chosen category) Utility Bills

    10% cashback (based on the chosen category) Retail Purchases

    (cashback)

    None

    (Reward Points)

    RM300

    (Annual Fee)

    Up to 8% cashback on Petrol

    Up to 8% cashback on Grocery

    Unlimited 0.2% cashback on Shopping

    Unlimited 0.2% cashback on Utility Bills

    Unlimited 0.2% cashback on Retail Purchases

    (cashback)

    None

    (Reward Points)

    RM240 for principal card. RM120 for supplementary card.

    (Annual Fee)

    Up to 5% cash rebate on Petrol

    Up to 2% cash rebate on Grocery

    None on Shopping

    Up to 2% cash rebate on telephone bills

    0.2% cash rebate on Retail Purchases

    (Cashback)

    Get SMART$ Rebate for expenses at select shops.

    (Reward Points)

    Principal card: RM168.

    Supplementary card: RM30.

    (Annual Fee)

    *A sales and service tax of RM25 will be imposed on the credit cards upon renewal or new card sign up.

    Features And Benefits Of Cashback Credit Cards

    • You can earn cashback on retail purchases such as groceries and petrol.
    • You need not pay an annual fee on some cards when you meet specific criteria as set by the bank.
    • You can get money back on dining and entertainment expenses.
    • You can get an interest-free period for retail purchases and transactions.
    • You can get cashback for special purchases such as weekend purchases or Wednesday purchases.

    Why Choose A Cashback Credit Card?

    Most cards would give cashback on a specific spending type such as petrol, grocery or dining. If you spend a lot of money on a particular type, you can save money on such spending by using a cashback credit card. Since you would receive a portion of your money in your account, you can even use that money to make payments on your card.

    All cards would differ in terms of cashback and spending types. You can check the features and benefits of each card to choose one that will suit your lifestyle and budget. A suitable card would allow you to use it on things that you love and save some money simultaneously.

    However, you need to remember that in order to save money you have to pay the outstanding dues on time. The interest rates charged for outstanding dues on these cards are more than the cashback you would receive.

    How Do Cashback Credit Cards Work?

    In order to illustrate how cashback credit cards work, let’s take the example of Standard Chartered JustOne Platinum Credit Card. Since the card gives cashback on different categories, the following table shows transactions for different types of expenses. The total amount spent on the card is RM2,300.

    Spend Category Amount Spent Cashback (%) Cashback Calculation Cashback Earned
    Electricity Bill (through auto-bill payment) RM500 10% RM500 x 0.10 = RM50 RM50
    Water Bill (through auto-bill payment) RM300 10% RM300 x 0.10 = RM30 RM30
    Online Spends RM200 10% RM200 x 0.10 = RM20 RM20
    Petrol transactions RM600 10% RM600 x 0.10 = RM60 RM60
    Other retail expenses RM700 0.2% RM700 x 0.02 = RM14 RM14

    The total cashback earned is RM174. However, with the cashback cap of RM28, only RM28 shall be credited to the account.

    Reward schemes/Miles/Cashback

    Cashback credit cards also provide a number of benefits on the card.

    • Enjoy reward points or higher cashback for overseas expenses.
    • Get access to special privileges offered by the respective banks through their rewards programme.
    • Pay easily through flexible payment plans for retail transactions.
    • Consolidate credit card debts from other banks and pay them off at lower interest rates through the balance transfer programme.
    • Enjoy grace-free periods for retail transactions for a certain amount of time at some banks.

    Advantages of Cashback Credit Cards

    These credit cards provide cashback on a wide range of transactions, including petrol, retail purchases, utilities, groceries, and shopping among others. There may be some categories which have a higher cashback percentage than others, and they usually come with a cap. Some cards also offer unlimited cashback on certain categories. Depending on the nature of the card, some credit cards may offer you higher cashback than others.

    Travel Insurance

    Some cards offer complimentary travel insurance when you charge your full airfare on the card. The insurance is provided to protect you and your family in case of any unfortunate event during the journey. The insurance also covers flight delays, loss of luggage, and others. Among the cards listed above, Maybank Visa Signature Card provides a travel insurance of up to RM2 million.

    How do You Choose the Best Cashback Credit Card?

    Everything depends on how you use the card. Suppose you spend a lot on fuel payments and groceries, the Maybank Visa Signature Card can work in your favour. Similarly, if you use your credit card for online purchases, a card such as Standard Chartered JustOne Platinum credit card shall be more useful to you.

    How to Make the Most of Your Cashback Credit Card

    In order to get maximum cashback, you should use your card for a wide variety of transactions. Do keep a note of the different categories which gives you cashback, and the different caps on them. For example, the UOB One Platinum Credit Card gives a 8% cash rebate when you buy movie tickets on the weekends. You can also get substantial cashback on purchases related to petrol, groceries, and mobile. Use the card on the weekends to make the most out of it.

    Check the partner outlets and use your card to reap more benefits. Also, look for various promotions available with partnering outlets and use your card accordingly.

    Lost Card and Overseas Assistance

    In case you have lost your card, please contact the bank immediately by calling their helpline number. The bank should be notified at the earliest in order to prevent any unauthorised transactions. The bank would block the card accordingly, and you will be issued a replacement card at a nominal fee or for free (depends on the bank).

    Each bank also have a support desk catering to international expenses. When you are travelling abroad, you can call this helpdesk and get support for any of your issues. Some premier cards also have their exclusive support desk aimed at select customers.

    Difference Between Cashback, Rebates And Rewards

    • Cashback: You would get a percentage of the money you spend on your card back to you. This money would not be in the form of cash instead it would be credited to your account.
    • Rebates: Rebates are a form of a discount on a particular product. When you purchase a specific product with your card, you would get a discount on that product. The percentage rate of rebates is determined by banks and merchants.
    • Rewards: Rewards are an incentive program. You can earn reward points on your card purchases which you can redeem for a different product. Banks would usually have a rewards programme catalogue from which you can choose a product as per your preference. Some products that you can redeem your reward points are vouchers, gadgets, home products, air miles and travel offers.

    Eligibility Criteria to apply Cashback Credit Cards

    Required Age
    Minimum age requirement (Principal Card) 21 years
    Maximum age requirement (Principal Card) 65 years
    Minimum age requirement (Supplementary Card) 18 years
    Maximum age requirement (Supplementary Card) 65 years

    Minimum Income Requirement to apply Cashback Credit Cards

    Credit Card Income
    Maybank Visa Signature Card RM70,000 to RM100,000 p.a.
    AmBank TRUE Visa Credit Card RM36,000 p.a.
    Standard Chartered JustOne Platinum Credit Card RM24,000 p.a.
    Hong Leong WISE Platinum Credit Card RM60,000 p.a.
    HSBC Amanah MPower Visa Platinum Credit Card-i RM36,000 p.a.
    UOB ONE Platinum Credit Card RM48,000 p.a.

    Documents Required To Apply For Cashback Credit Cards

    Applicant Type Documents Required
    Salaried employees
    • Copy of MyKAD, NRIC, or Passport.
    • Bank statements of the last 6 months.
    • Payslips of the last three months.
    Self employed
    • Copy of MyKAD, NRIC, or Passport.
    • Copies of Business Registration Certificate or Form 9, Form 24, and Form 49 orTrading License.
    • Income tax returns (Form B or the latest EA Form)
    • COmpany or personal bank statement of the last 6 months.
    Expatriate (if eligible)
    • Letter of employer stating the duration of employment in Malaysia)
    Supplementary Cardholder
    • Copy of MyKAD, NRIC, or Passport.

    Promotions on Cashback Credit Cards

    • Use Maybank credit cards and get 15% off normal priced items at San Francisco Coffee outlets, anywhere in Malaysia. The offer is valid till 2 September 2019.
    • Enjoy 30% off Mushroom Asada Burrito, Falafel Wrap, or Spinach Mingle Salad at Sala Vegan restaurants, when you pay with your RHB card. The offer is valid till 14 January 2019.

    Cashback credit cards can be very helpful when used judiciously. You can compare different cashback credit cards online and choose the one that suits your lifestyle.

    FAQs on Cashback Credit Cards

    Q. Is there always a cap on the cashback provided on the card?

    A. Not necessarily. Depending on the card you use, you may get unlimited cashback on certain transactions. For example, among the cards given above, HSBC Amanah MPower Visa Platinum Credit Card-i provides unlimited cashback on different transactions. Usually, the percentage of cashback for unlimited transactions is usually very low. Make sure you read the related documents of the card carefully in order to know more about how the cashback works.

    Q. I need to furnish my credit card bills to a bank for a loan. Is there a way in which I can get a hard copy of my transactions?

    A. Yes. You can apply for a sales draft retrieval copy for a fee. The fees may vary from bank to bank.

    Q. Is there any way to stop the Card-not-Present functionality of the card?

    A. Yes. Most banks allow you to stop the Card-not-Present functionality. You can contact the bank and request them to stop the functionality. It is advisable to verify with the bank whether such a process can be done or not.

    Q. Are there any differences between Islamic and conventional cards?

    A. Yes. Conventional cards can be used for a variety of purchases, however Islamic cards can only be used for Shariah-compliant transactions. The below mentioned purchases are excluded from Islamic cards:

    • Gambling transactions.
    • Wine, beer, and liquor shops.
    • Horse-racing, dog-racing, non-sports intrastate internet gambling transactions.
    • Bars, discotheques, cocktail lounges, nightclubs, and taverns.
    • Dating and escort services.
    • Cigar stores and stands.

    Q. Where can I apply for a card?

    A. First, check with the bank on how to apply for the card. Usually, banks have a online application system in place. You can submit the application online or through the counter.  A bank representative will get in touch with you to help you further the application. You can also call the bank’s helpline number for further assistance.

    Q. Do I get a cashback on all transactions?

    A. Although most credit cards offer a cashback on all kinds of retail transactions, some of them don’t consider fuel expenses, government agency spends, or card-related transactions such as monthly repayments, finance charges, etc. It’s important that you go through the fine print so you’re aware of what transaction does and what doesn’t qualify for a cashback.

    Q. Can you use the cashback you’ve earned to pay your card’s annual fee?

    A. Quite a few card issuers allow you to use the cashback you earn using your credit card to pay off the annual fee or even offset it for your monthly payments.

    Q. Are there any terms and conditions of cashback?

    A. Yes. Most banks have their own specific terms and conditions. They could impose a monthly cap on cashback. This would mean that there is a limit on the amount you can earn back while using your card. All such terms and conditions would be specified by each bank so that you are aware of the limitations.

    Q. What happens to my cashback if I return any goods that I purchased?

    A. Most banks in Malaysia reverse any kind of cashback that’s processed in case of refunded, disputed, unauthorized, or fraudulent retail transactions.

    Q. How long would the application process take?

    A. The processing time would vary from bank to bank. If your card application is approved, you would receive your card within 7 to 10 working days.

    *Terms & Condition to get Gift Card Worth RM200 from Lazada or Ikea

    Apply for your new credit card through BBazaar and stand a chance to win a gift voucher on approval. You can get a gift card worth RM200 from either Ikea or Lazada. The offer is valid on credit card applications made between 19 December 2018 and 31 January 2019, and applies to any of the following cards.

    Alliance Bank Credit Cards Citibank Credit Cards Standard Chartered Credit Cards
    • Alliance Bank You:nique Rebate Credit Card
    • Alliance Bank You:nique Rewards Credit Card
    • Alliance Bank You:nique Rates Credit Card
    • Citi Cash Back Card
    • Citi Clear Card
    • Citi Simplicity+ Card
    • Shell-Citi Credit Card
    • Standard Chartered JustOne Platinum MasterCard
    • Standard Chartered Visa Platinum
    • Standard Chartered Platinum MasterCard Basic
     

    **Terms & Condition to Win an Ikea Voucher Worth RM500

    Win an Ikea voucher worth RM500 when you apply and get approval for a new credit card through BBazaar. The exclusive deal is valid from 19 December 2018 to 31 January 2019, and is applicable when you apply for any of the following credit cards.

    Alliance Bank Credit Cards Citibank Credit Cards Standard Chartered Credit Cards
    • lliance Bank Visa Infinite Credit Card
    • Alliance Bank Platinum Credit Card
    • Citi Prestige Card
    • Citi PremierMiles Visa Card
    • Citi Cash Back Platinum Card
    • Citi Rewards Visa Signature Card
    • Standard Chartered Priority Banking Visa Infinite Credit Card
    • Standard Chartered WorldMiles World MasterCard
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