Cashback Debit Cards in Malaysia

Earn cashback every time you use your debit card to pay for daily expenses. From groceries to online shopping, you stand the chance to earn rewards with every transaction. Here are some of the best cash rebate debit cards available to customers in Malaysia.

Conventional Banks Offering Cashback on Debit Cards

Name of the Bank Name of the Card Cashback Offer Annual Fees
RHB Bank RHB Premier Visa Infinite Debit Card Earn 1% cashback on overseas retail spend. RM50 (Waived for first year).
Public Bank PB-Petron Visa Debit Card Enjoy 0.5% cashback on petrol and non-petrol purchases at Petron service stations. Free for life.
Alliance Bank Alliance Hybrid Platinum Debit Card Get 2% cashback on overseas spends. RM12.
CIMB Bank CIMB PETRONAS Debit Mastercard Get 1% cash rebate on PETRONAS spend with an average monthly balance below RM3,000. Earn 2% cash rebate on PETRONAS spend with an average monthly balance of RM3,000 and above. CIMB PETRONAS Debit Mastercard Issuance Fee – RM18. Annual fee from second year onwards – RM18.

Islamic Banks Offering Cashback on Debit Cards

Name of the Bank Name of the Card Cashback Offer Annual Fees
Alliance Bank Alliance Islamic Bank Hybrid Standard Debit MasterCard-i Earn up to 1% cash rebate on overseas transactions. RM12.
RHB Bank RHB Premier Banking Platinum Debit Card-i Get 1% cashback on overseas spending. Waived for the first year.
Kuwait Finance House KFH Debit Card-i Get up to 10% cashback on your first retail spend. Waived for life.

RHB Premier Visa Infinite Debit Card

This debit card from RHB Bank offers cashback on overseas purchases. You also get additional benefits like Premier Travel Concierge to take care of your travel arrangements, making it ideal for those who travel overseas regularly.

Features and Benefits of the Cashback Card

  • Get 1% cashback on every overseas transaction of RM1 and above.
  • Each overseas retail purchase will earn you cash rebates.
  • Issuance fee of RM50 waived for the first year.
  • You can waive off the annual fee after the first year by spending RM5,000 p.a. on retail transactions or using your card at least five times in a year.

How Can You Earn Cashback with this Card?

  • Use your debit card to make overseas retail purchases.
  • Each Ringgit you spend abroad, will earn you 1% cash rebate.

Why Choose this Card?

  • Uncapped cashback on overseas transactions and access to Premier Travel Concierge for end-to-end travel arrangements, make this card the ideal choice while travelling abroad.

Eligibility

  • Applicant must be 18 years of age and above.
  • You must hold a savings or current account with RHB Bank.

PB-Petron Visa Debit Card

With this card, you can earn cash rebate when you make purchases at Petron service stations. The cashback offer is valid on non-fuel purchases as well.

Features and Benefits of this Cashback Card

  • Enjoy 0.5% cashback on fuel and non-fuel transactions at Petron stations. The maximum cashback per month is capped at RM30.
  • Cardholders can also apply for Automatic Fund Transfer from their savings or current account.
  • Annual fee is waived for life without any conditions.

How Can You Earn Cashback with this Card?

  • Use your PB-Petron Visa Debit Card to buy fuel or other services.
  • Earn 0.5% cash rebate on all fuel and non-fuel purchases.
  • The offer is valid on all Petron service stations across Malaysia.
  • You can earn a maximum cashback of RM30 per month.

Why Choose this Card?

This card will help you save on fuel purchases, car servicing, repair and more. .

Alliance Hybrid PB Platinum Debit Card

This debit card from Alliance Bank offers cash rebate on overseas transactions. As a debit-cum-ATM card, it also gives you instant access to your funds anywhere in the world.

Features and Benefits of this Cashback Card

  • Alliance Hybrid PB Platinum Debit Card offers cash rebate of 2% on overseas transactions.
  • The cashback offer is applicable on overseas retail transactions only.
  • Get access to Plaza Premium Lounge at KLIA and KLIA2. Limited to 90 passengers for KLIA and 70 for KLIA2.
  • Withdraw cash while traveling abroad through Malaysian Electronic Payment System (MEPS) at just RM1 per transaction.

How Can You Earn Cashback with this Card?

  • Use your debit card to purchases while traveling overseas.
  • Get 2% cash rebate for all transactions.
  • Maximum cashback you can earn per month is limited to RM200.

Why Choose this Card?

This card makes traveling overseas easy. In addition, you get free access to Plaza Premium Lounge at KLIA and KLIA2. The Alliance Hybrid PB Platinum Debit Card is ideal for those who travel abroad frequently.

CIMB PETRONAS Debit Mastercard

Enjoy up to 2% cashback on transactions made at PETRONAS stations and Mesra stores. You can also make contactless payments of up to RM250 with your CIMB debit card.

Features and Benefits of this Cashback Card

  • Open a CIMB PETRONAS Savers Account to receive the CIMB PETRONAS Debit Mastercard.
  • Enjoy exclusive deals and discounts at retail outlets across Malaysia.
  • CIMB PETRONAS Savers Account offers interest rate of 0.3% p.a.

How Can You Earn Cashback with this Card?

  • Use your debit card to make purchases at PETRONAS stations and Mesra stores.
  • The cashback you earn will depend on your average monthly balance.
Average Monthly Balance Cashback offered
Less than RM3,000 1%
RM3,000 and above 2%
  • Maximum monthly cashback you can earn is capped at RM20 per account.

Why Choose this Card?

The CIMB PETRONAS Debit Mastercard offers cashback of up to 2% on purchases made at PETRONAS stations and Mesra stores across Malaysia, making it ideal for those who spend on petrol regularly.

Eligibility

  • To get this card, you must open a CIMB PETRONAS Savers Account.

Alliance Islamic Bank Hybrid Standard Debit MasterCard-i

Save on your overseas purchases with the Alliance Islamic Bank Hybrid Standard Debit Mastercard-i.  The card offers cash rebate of up to 1% on all overseas transactions.

Features and Benefits of this Cashback Card

  • Get cash rebate of up to 1% on all overseas transactions.
  • Enjoy convenience of contactless transactions for up to RM250 in Malaysia.

How Can You Earn Cashback with this Card?

  • Use your Alliance Islamic Bank Hybrid Standard Debit Mastercard-i to make overseas purchases.
  • Cashback is applicable for overseas retail purchases only.
  • Cash rebate is capped at RM50 per month.  

Why Choose this Card?

With a low annual fee of RM12 and the chance to save on your overseas retail transactions, the Alliance Islamic Bank Hybrid Standard Debit Mastercard-i is ideal for those who travel regularly.

Eligibility

  • You need to hold a savings or current account with Alliance Bank to apply for this card.

RHB Premier Banking Platinum Debit Card-i

Earn cash rebate of 1% on overseas purchases with the RHB Premier Banking Platinum Debit Card-i. This is a Sharia-compliant card, with 24-hour Platinum Priority service.

Features and Benefits of this Cashback Card

  • Get 1% cashback on overseas spending.
  • Free MEPS transactions.
  • Annual fee waived for the first year.
  • Annual fee is waived for subsequent years if you spend at least RM5,000 on retail transactions, or swipe your card for a minimum of 5 times, or make 3 auto billing payments before the anniversary.

How Can You Earn Cashback with this Card?

  • Swipe your RHB Premier Banking Platinum Debit Card-i to make overseas transactions.
  • Transactions are limited to retail purchases only.
  • There is no cap on the amount of cashback you can earn per month.

Why Choose this Card?

As a cashback debit card, this card has no cap on the rebate that you can earn per month. With annual fee waived for the first year, you will be able to save more on your overseas retail transactions.

Eligibility

  • This is available only for Premier Banking customers.
  • You have to be 18 years of age and above to apply.
  • Only savings or current account holders are eligible to apply for this card.

KFH Debit Card-i

The KFH Debit Card-i offers cardholders cashback on retail purchases. You can now save on your day-to-day expenses and also enjoy shopping deals with participating outlets across Malaysia.

Features and Benefits of this Cashback Card

  • Enjoy 10% cashback on your first retail transaction.
  • The card offers 0.5% cashback on all retail purchases.
  • Annual fee is waived for life without any conditions.
  • You get a complementary supplementary card which you can give to your children or other family members.

How Can You Earn Cashback with this Card?

  • Use your KFH Debit Card-i to make retail purchases.
  • Get 10% cashback on your first retail transaction.
  • 10% cashback is limited to RM20 for primary cardholders. For supplementary cardholders, the offer is capped at RM10.
  • You get 0.5% cashback for all subsequent retail transactions.
  • There is no limit on the 0.5% cashback offer.

Why Choose this Card?

The card offers uncapped 0.5% cashback on retail purchases and shopping discounts at selected outlets. The annual fee is waived for life. You can save on your day-to-day expenses with the KFH Debit Card-i.

Eligibility

  • You must hold a savings-i or a current-i account with Kuwait Finance House, Malaysia.
  • You must at least 18 years of age to apply for this card.
  • Supplementary cardholders must be 12 years or older.

How to Choose the Best Cashback Debit Card?

Now that you have seen the features and benefits offered by some of the best cashback debit cards in Malaysia, you need to choose one that offers rewards as per your spending patterns. If you travel overseas frequently, then the Alliance Hybrid PB Platinum Debit Card could be your best choice. It offers 2% cashback on overseas retail transactions and access to Plaza Premium Lounge at KLIA and KLIA2.

If you use your debit card to make day-to-day local retail purchases, then KFH Debit Card-i can be the ideal card for you. It offers 0.5% cashback on retail purchases. You also get a supplementary card free of cost.

How to Apply for a Cashback Debit Card?

Online
  • Visit the bank website and click on the page for debit cards.
  • Scroll through the different card options till you find the right one for you.
  • Click on apply now.
  • Fill out the online application form.
Offline
  • Visit a bank branch near you.
  • A representative of the bank will help you fill out the application form.
  • Submit the completed form along with the required documents.

FAQs

Q. What are the fees and charges imposed on a cashback debit card?

A. Typically, banks charge a set of fees on debit cards that include:

  • Annual fees
  • Issuance fees
  • ATM withdrawal fee for local and overseas transactions
  • Card replacement fees
  • Overseas transaction conversion fees

Your bank can waive off any of the above mentioned fees.

Q. Are there any limitation on using Islamic debit cards?

A. Yes, as Islamic cards are Sharia-compliant, you cannot use them for non-halal transactions.

Q. What are the safety features of a debit card?

A. To ensure safe transactions and to prevent fraudulent usage, most debits cards come with a chip and pin feature. This facility allows you to make purchases only after entering a secret 6-digit PIN at the Point Of Sales (POS) terminals. Malaysian Electronic Payment System and MyDebit make sure that all your online payments are safe.

Q. What do I do if my card is lost or stolen?

A. The first thing you must do if your card is lost or stolen is contact your bank’s customer care and report the issue. They will immediately block the card to prevent unauthorised transactions. You can then apply for a replacement card.

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