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Credit Card Eligibility

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

A credit card is a handy tool for making cashless payments for our various day-to-day expenses. It also offers you benefits and privileges in the form of reward points, airmiles, or cashback on your purchases charged to the card. You also get access to credit card promotional offers that provides discounts and offers across categories like dining, shopping, travel, etc.

However, in order to enjoy the perks of a credit card, you are required to meet certain eligibility criteria to acquire the card. Read below to find out more about the eligibility requirements for credit cards offered in Malaysia and the factors affecting it.

Credit Card Eligibility Criteria

Bank> Minimum Age Annual Income Required Nationality Explore
HSBC Credit Cards

HSBC Credit Cards

Minimum of 21 years

For Malaysian citizens: RM36,000 p.a. to RM200,000 p.a. in total relationship balance with HSBC

For foreigner applicant: Minimum RM10,000 per month

Malaysian citizens, Expats Explore Cards
Citi Credit Cards

Citi Credit Cards

Minimum of 21 years RM24,000 p.a. Malaysian citizens, expats Explore Cards
Standard Chartered Credit Cards

Standard Chartered Credit Cards

21 years to 65 years RM24,000 p.a. to RM90,000 p.a. or up to RM250,000 of Assets Under Management per month, on the last day of the month (Priority Banking Visa Infinite) Malaysian citizens, expats Explore Cards
Maybank Credit Cards

Maybank Credit Cards

Minimum of 21 years RM24,000 p.a. to RM120,000 p.a. Malaysian citizens, expats Explore Cards
UOB Credit Cards

UOB Credit Cards

Minimum of 21 years RM24,000 p.a. to RM180,000 p.a. Malaysian citizens, expats Explore Cards
CIMB Credit Cards

CIMB Credit Cards

Minimum of 21 years Minimum RM24,000 p.a. to RM250,000 p.a. Malaysian citizens, expats Explore Cards
Public Bank Credit Cards

Public Bank Credit Cards

Minimum of 21 years RM24,000 p.a. to RM100,000 p.a. Malaysian citizens, expats Explore Cards
RHB Credit Cards

RHB Credit Cards

Minimum of 21 years RM24,000 p.a. to RM150,000 p.a. Malaysian citizens, expats Explore Cards
AmBank Credit Cards

AmBank Credit Cards

Minimum 21 years RM24,000 p.a. to RM120,000 p.a. Malaysian citizens Explore Cards
Hong Leong Bank Credit Cards

Hong Leong Bank Credit Cards

Minimum 21 years to 65 years old RM24,000 p.a. Malaysian citizens or permanent residents Explore Cards
Bank Rakyat Credit Cards

Bank Rakyat Credit Cards

Minimum 21 years RM24,000 p.a. Malaysian citizens Explore Cards
OCBC Credit Cards

OCBC Credit Cards

Minimum 21 years RM24,000 p.a. to RM100,000 Malaysian citizens Explore Cards
Alliance Bank Credit Cards

Alliance Bank Credit Cards

Minimum 21 years RM24,000 p.a. Malaysian citizens, foreign nationals Explore Cards
Affin Bank Credit Cards

Affin Bank Credit Cards

Minimum 21 years RM24,000 p.a. Malaysian citizens, foreign nationals Explore Cards

Credit Card Eligibility Criteria

  • Age: Most banks in Malaysia require applicants to have completed 21 years of age. Age criteria is imposed to make sure that the applicant is an earning member of the society and he/she can pay back the dues. However, to apply for a supplementary credit card, the minimum age criteria is commonly 18 years. There can also be a set criteria of the maximum age until when you can apply for a credit card.
  • Annual income: Your annual income determines if you are capable of paying your bills, as well as fees and charges associated with the card. Depending on the credit card that you care applying for the bank has a set annual/monthly income criterion that you have to fulfil if you want a particular card. The minimum salary to apply credit card in malaysia is RM24,000 Per Annum. The more benefits a card has to offer, the higher the annual income requirement is.
  • Residential status or nationality: Both Malaysians as well as non-Malaysians can apply for a credit card, depending upon the bank. However, most of the banks have a different income criteria for a foreign national which is generally more than what is required for a Malaysian citizen or permanent resident. There also are some banks that do not offer credit cards to foreigners.

Factors Affecting Credit Card Eligibility

  • Credit score: Your credit score is one of the most important factors that determine whether you are eligible for a new credit card or not. Having a good credit score increases your chances of getting a credit card without any hassle, while a bad credit score can be a contributing reason behind a rejected application.
  • Occupation: The type of employment you have, e.g. salaried, commission based, self-employed etc., is also essential as banks prefer someone who can pay off the dues. Businesspersons or self-employed individuals need to present details about their business and their earnings while obtaining a credit card.
  • Existing debts/overdrafts and loans: Your existing debts and loans are taken into consideration while assessing your credit card application. If your dues are exceeding beyond a granted limit (which is determined according to your income), your application might get rejected.
  • Documents: Lack of proper documentation and proofs of your earnings will reject your credit card application. All the documents and paperwork submitted by you must be authentic and valid. Every bank has a different set of obligation when it comes to documents. However, you need to collect the basic documents that include, identification proof, salary slips, bank statements, etc.
  • Work permit/visa (for a foreigner applicant): If you are a foreign national applying for a credit card in Malaysia, you need to have your valid work permit and employment confirmation letter while applying for a credit card.
  • Relationship with bank: Last but not the least, if you have a good relationship with your bank, you can get your credit card approved much quicker. Many banks offer a credit card considering your relationship and assets maintained with the bank.

How to Apply for a Credit Card on BBazaar.my

If you are looking to get a credit card, BBazaar offers you the easiest way to do it online. You can follow the procedure given below and make an application for a credit card of your choice:

Visit BBazaar Malaysia’s official website https://www.bbazaar.my and Choose Your Product as Credit Cards in that Page and do the following steps to apply for a credit card

Step 1: Check Your Eligibility

Here, you will get 3 options- ‘Compare Cards’, ‘Check Eligibility’, and ‘How to apply?’. Click on the ‘Check Eligibility’ tab to start applying for a new credit card.

Check Your Eligibility

Step 2: Residential Status

In this section, you need to select your residency status from 3 options provided- ‘Malaysian’, ‘Permanent Resident’, and ‘Foreigner’.

Residential Status

Step 3: Choose Your Category

Choose your preferred category from various options such as Cashback, AirMiles, Shopping, Rewards, Grocery, Petrol, etc.

Choose Your Category

Step 4: Enter Your Age Details

Fill in the details regarding your age. You need to select your birth year and date to complete this step.

Enter Your Age Details

Step 5: Type of Employment

Select the type of your employment from the given sectors: Salaried, Government Job, Self Employed, Unemployed, and Retired. 

Type of Employment

Step 6: Net Month Salary Details

Provide your net monthly salary in this step. You need to include only the Fixed Net Monthly Salary credited to your account after all the deductions. Do not mention your incentives, bonus, or one-time payments.

Net Month Salary Details

Step 7: Select Your Existing Credit Card

If you are already a credit cardholder, you are required to select your bank  with which you are holding the card. If you don’t have a credit card, you can select, ‘None’.

Select Your Existing Credit Card

Step 8: Enter Your Outstanding Debts if any

In this step, you need to give the amount of your outstanding debts that you have to pay to you loan/card provider bank(s). You can skip this step if you do not have any outstanding debts.

Outstanding Debts

Step 9: Enter Your Contact Details

Provide your contact details if you choose to speak to a customer support representative. Click on ‘View free offers’ to find various options of credit cards suitable for you.

Enter Your Contact Details

Step 10: Click on Apply Now Button

There will be multiple options of various credit cards offered by banks in Malaysia. Click on ‘Apply Now’ to apply for your preferred credit card.

Apply Now

Step 11: Credit Card Application Process

Provide your personal information and contact details to process your application for a selected credit card. Click on ‘Save and Validate’.

Credit Card Application

Consider the credit card eligibility criteria before making an application to obtain a card. Bank-wise eligibility requirements given in the article will help you prepare for your application in advance. Remember to keep your supporting documents required in place to avoid any unnecessary delays in processing of the application.

*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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