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  • Credit Card Eligibility

    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.

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