Malaysia is gradually moving towards becoming a cashless society. With times changing, it’s important that you’re equipped with the right tools to go cashless and credit cards are just what you need for a smooth transition.
To top it off, the best credit cards get you the best-in-class benefits and privileges in different categories, including shopping, dining, travelling, and petrol among others.
These benefits are based on the amount you spend using your card. There are multiple types of credit cards based on the type, mechanism and the category they belong to. This includes rewards cards, cashback cards, petrol cards, travel cards, premium cards and Islamic cards.
These cards offer you various benefits with every purchase made using them. Let’s find out some of the top credit cards in Malaysia for these categories.
Not sure what credit card is best for you or which credit card is better? Finding credit card based on your lifestyle is really simple here, just select the card category, check eligibility, compare and apply credit card online.
Updated on 14th November 2018
|Best for||Best Pick 1||Best Pick 2|
|Cashback||Citi Cash Back Platinum Credit Card||Standard Chartered Justone Platinum MasterCard|
|Travel||Standard Chartered WorldMiles World Mastercard||HSBC Premier Travel Card|
|Dining||HSBC Premier World Mastercard||Hong Leong WISE Platinum Card|
|Rewards||Alliance Bank Platinum Credit Card||Citi Rewards Platinum Visa Signature/World Mastercard|
|Islamic||RHB Islamic Platinum Credit Card-i||HSBC Amanah MPower Visa Platinum Credit Card-i|
|No Annual Fee||Standard Chartered Visa Platinum Credit Card||Citi Simplicity+ Card|
|Balance Transfer||Maybank Visa Platinum Credit Card||RHB Smart Move Balance Transfer|
|Petrol||Standard Chartered JustOne Platinum Mastercard||PETRONAS Maybank Visa Credit Card|
|Shopping||RHB Islamic Smart Value Credit Card-i||Alliance You:Nique Card|
|Premium||HSBC Premier World Mastercard||Maybank World Mastercard Credit Card|
The Citi Cash Back Platinum Credit Card offers cash rebates on your retail transactions. You also get exclusive offers on shopping and dining from participating partner outlets. Given below is the list of Best cashback credit cards of 2018 in Malaysia:
The Standard Chartered WorldMiles World Mastercard offers rewards on retail transactions and several other travel-related benefits. You also get unlimited access to participating airport lounges and exclusive travel deals as well. The best travel credit cards for 2018 is listed below:
3 WorldMiles for every RM2 spent overseas
1 WorldMile for every RM3 spent locally
Unlimited access to KLIA and KLIA2 Plaza Premium Lounges when you travel internationally
Principal card: RM600 Waived for the 1st year
Supplementary card: No charges
The HSBC Premier World Mastercard gives high rewards when you dine overseas and locally. This card is free for life for both principal and supplementary cardholders. You also enjoy access to airport lounges of participating airports. Listed below are top best dining card in Malaysia.
10x Reward Points for overseas dining
10x Reward Points for overseas hotel spends
8x Reward Points for purchases made at the Mid Valley Megamall and The Gardens Mall
5x Reward Points for buying air tickets
5x Reward Points for local hotel and dining spends
Complimentary access to Plaza Premium Lounges of selected airports
Principal card: Free for life
Supplementary card: Free for life
The Alliance Bank Platinum Credit Card is ideal for those who want to get the best value on their expenses. You not only get rewards for retail transactions, but also discounts and deals from participating partners and KLIA Plaza Premium Lounge access. The best rewards cards for the year 2018 are contained in the table below:
3x Timeless Bonus Points (TBP) for every RM1 spent overseas
2x TBP for every RM1 spent on petrol, grocery and utility payments
1x TBP for every RM1 spent locally
Air miles redemption
6,000 TBP = 1,000 Enrich Miles
3,000 TBP = 1,000 BIG Points
Principal card: RM438
Supplementary card: No charges
RHB Islamic Platinum Credit Card-i is a Shariah-based credit card that offers reward points for dining and retail transactions. You can also enjoy golf privileges and airport lounge access with this card.
5x Reward Points for dining during your birthday month
3x Reward Points for daily dining spends and overseas retail purchases
2x Reward Points on utility bills, insurance premiums, and shopping transactions
Get 1x Reward Points on all other retail spends
Complimentary lounge access to Plaza Premium Lounges in Malaysia
Travel Takaful of RM600,000
Principal Card - RM200
Supplementary Card - No charges
Use your Standard Chartered Visa Platinum Credit Card to earn rewards for retail purchases. The annual fee for both principal and supplementary cardholders is waived with no conditions. Here are the best cards with no annual fee:
5x reward points for dining spends, departmental store purchases, and overseas expenses
1x reward point for grocery spends, petrol purchases, and medical expenses
5,000 bonus points awarded every month on a minimum spend of RM1,500
Principal card: Free for life.
Supplementary card: Free for life.
The Maybank Visa Platinum Credit Card offers rewards in the form of TreatsPoints when you carry out transactions during your birthday month. You also get travel insurance coverage when you opt for this card. The best cards with balance transfer facility are listed below:
2x TreatsPoints for all transactions carried out during your birthday month
2x TreatsPoints for every RM1 spent overseas
1x TreatsPoint for every RM1 spent locally
1x TreatsPoint for insurance payments, utility bill payment, payments made to educational institutions, and fuel purchases
Travel insurance coverage of up to RM700,000 when you buy the full air tickets using your card
Principal Card - RM550
Supplementary Card – RM150
The Standard Chartered JustOne Platinum Mastercard offers cashback for petrol purchases and for all other retail transactions. This card also provides exclusive discounts and offers from participating partner outlets. Let’s look at the best petrol cards available in 2018 for your everyday petrol needs:
The RHB Islamic Smart Value Credit Card-i is ideal for those who want to increase their monthly savings. You can earn up to 5% cashback for online and retail transactions. This card also offers travel Takaful coverage for you and your family. Lets take a look at the best shopping cards in Malaysia for the year 2018:
The HSBC Premier World Mastercard is a premium card offered to those who love to shop and travel. This card offers high rewards on overseas hotel reservations and overseas dining, and shopping at selected partner outlets.
Lets take a look at the Best Premium Credit Cards in Malaysia for the year 2018:
10x Reward Points for overseas hotel room and dining expenses
8x Reward Points for transactions at the Mid Valley Megamall and The Gardens Mall
5x Reward Points for flight ticket purchases
5x Reward Points for local hotel and dining spends
1x Reward Points on other retail transactions
Complimentary access to Plaza Premium Lounges of participating airports
Principal card: No charges
Supplementary card: No charges
There are more than 3.6 million credit card users in Malaysia and you can be one too. All you have to do is compare the various cards on BBazaar, check your eligibility, and select the one that matches your lifestyle.
The card options are endless—cashback, rewards, groceries, petrol, entertainment, and travel cards, to name a few. Whether you’re a student on a budget or a salaried professional, you can find your choice of card on BBazaar..
Any additional perks? You will get promotional offers, sign-up bonuses, and other exciting offers when you apply for a card through BBazaar.
Before applying for a card, it’s important to meet the eligibility criteria issued by the bank. The criteria varies and depends on your income level as well as citizenship and employment status. Most banks also require you to be employed with your current company for at least 3 months or in business for at least a year.
Take a look at the main eligibility criteria in Malaysia and see if you qualify before signing up:
|Minimum Income for Application||RM2,000 p.m. or RM24,000 p.a.|
|Minimum Age Requirement for Principal Cardholder||21 years|
|Minimum Age Requirement for Supplementary Cardholder||18 years|
|Citizenship Requirement||Malaysian citizen or Permanent Resident|
There are credit cards for foreigners in Malaysia as well. However, you will require a valid work permit and will need to be employed in Malaysia for a reasonable amount of time.
Just like there are different criteria for you to satisfy before you apply for a credit card in Malaysia, there are specific documents that you need to pair up with your application for successful approval. The kind of documents you need vary according to your employment status, the card issuing bank, and the type of card itself.
To get your credit card application approved, you will need to support it with certain documents. The requirement changes based on your employment status, the issuing bank, and the type of card itself.
Here’s a list of main credit card requirement in Malaysia to apply for card:
It’s not that difficult a task to choose the best credit card in Malaysia. However, here are some tips that you may consider while choosing a card:
Choose a category that suits you: Before you select a card, you need to figure out which category you fit into. For instance, if you’re a frequent spender, choose a cashback or rewards card.
Compare the shortlisted cards: Once you have figured out a category, compare various credit cards under that category.
Look for special features: Some cards in Malaysia offer additional features like purchase protection, price guarantee, zero late payment fees, and more.
Check the fine print: Read the terms and conditions as well as the product disclosure sheet. It’s crucial to understand what the card offers and the associated fees and charges.
Pick a card with the best value: Your ideal card should give you the best value on every purchase you make. This could mean no expiry on reward points, no annual fees, or 0% interest on payment plans.
The application process can differ from bank to bank and the type of card, the way to apply for a credit card in Malaysia remains pretty much the same across most banks.At BBazaar, in just 3 easy steps, you can instantly apply credit card online and choose your preferred card or supplementary card from top card issuers in Malaysia.
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Rewards cards let you earn rewards points for every Ringgit you spend through your card. You can earn points on purchases related to petrol, groceries, online stores, and more.
A cashback credit card earns you a percentage of the transaction with every use. The cashback earned is transferred to your credit account with every transaction or on a monthly basis. A cashback card can help you boost your monthly savings.
A travel credit card helps you get a better travel experience with a range of travel privileges like travel insurance, wallet protection in the unfortunate event of theft, exclusive concierge service, airport lounge access and more.
A Petrol Credit Cards helps you to get better benefits of your fuel purchases.
Check out the best credit cards which has zero annual fee with great benefits and privileges.
Check out the best dining credit cards which allows you to earn reward points and cash rebates or even offer discounts on your dining-related spends. Some credit cards may also provide you with exclusive dining privileges.
Many travel credit cards offer complimentary airport lounge access. Check out the best airport lounge access credit cards.
Check out the best credit card which have greater sign up offers in Malaysia.
Check out the best credit card for different income groups.
Are you getting low income? Check out here to compare the best credit cards for low income employees and get the one which suits your needs.
A guide on everything you need to know before you start using your first credit card to avoid any future pitfalls.
Keep a close eye on these mistakes to be a savvy card user and manage your balance efficiently.
Master the art of accumulating reward points, especially if you travel often and require those air miles to save more on your airfares.
Your credit score is extremely important and improves your chances of getting approval for other financial products.
Understand the core differences between Islamic and conventional banking, and which one is better suited for you.
Earn Rewards Points Quickly, Redeem Them for Goodies and Air Miles.
One of the best cards to earn more rewards points. You can earn more points on dining, overseas spends etc.,
Earn more rebates on daily fuel spends with Shell Citi Gold Credit Card
Get 10% Unlimited interest back every month with Citi Simplicity+ Cards.
A best credit card to earn more air miles and best credit card for conversion rate for your treatpoints to miles.
BBazaar's Study : How Malaysia is Catching Up Fast With Singapore When it Comes to Credit Card Usage?
Fees and charges for cards in Malaysia can vary from one bank to another and at times, according to the type of card itself.
|Type of Fees or Charges||What Does it Mean?||Range of the Fee/Charge|
|Annual fees||This fee is what you pay to use all the features and benefits that come with a credit card for a year.||RM0 – RM1060|
|Minimum monthly payment||This is the minimum due amount you should pay every month to continue using the card.||5% of the outstanding balance or RM50, whichever is higher.|
|Late payment charge||This is the amount you need to pay if you miss any of your monthly payments.||1% of the outstanding balance or a minimum of RM10 to a maximum of RM100.|
|Cash advance fee||This is the fee to be paid if you use your credit card to withdraw cash from an ATM.||RM10.60 to 5.3% of the total cash advance amount.|
|Retrieval request fee||This fee is if you wish to request for a copy of the sales draft in order to substantiate a specific transaction.||RM15 – RM21.20 per copy.|
|Card replacement fee||This fee has to be paid if you want a replacement card in case your original card was lost or stolen.||RM0 – RM50|
|Statement request fee||This fee should be paid if you want a duplicate monthly statement sent to you physically.||RM5 – RM5.30|
|Overlimit fee||This fee comes into play when you exceed your card’s assigned credit limit.||RM26.50|
Q. How long does the credit card application process take?
A. To get your application approved, you will have to meet the criteria given by the issuing bank. You will also have to submit the relevant documents. While the processing time changes for each card issuer, you should receive your card within 7 to 10 working days once it’s approved.
Q. Can I apply for more than one credit card?
A. Unless you earn lesser than RM36,000 per annum, you can apply for more than one card.
Q. How does the card issuer decide my card limit?
A. If your annual income is under RM36,000, you will receive a credit limit of two times your monthly salary. However, if your annual income is more than RM36,000, the bank will determine the credit limit and communicate this to you. You can also request your bank for an increase in your credit limit.
Q. What are the fees and charges I have to pay for my card?
A. The major fees and charges associated with a credit card are given below:
Q. What’s the best way to use my card?
A. You should apply for a credit card that matches your lifestyle and spending habits. If you travel frequently, choose a card that offers travel-related benefits. There are certain common mistakes you should avoid try to as well.
Q. Can I use my credit card outside Malaysia?
A. Yes, you can use your card outside Malaysia provided you have activated it for overseas use. You will be charged with an additional overseas transaction fee that is a combination of a fee charged by Visa or MasterCard International and any administration fee charged by the card issuing bank.
Q. How do I pay my credit card bill every month?
A. The payment methods vary for each card issuer. Some of the most common options are online banking, mobile banking, phone banking, or visiting the bank to clear your dues.
Q. What do I do if I lose my card or it gets stolen?
A. If you lose your card or your card gets stolen, you should immediately reach out to the bank via its customer support number. The bank will get your card blocked in order to avoid any unauthorised transactions.
Q. How does a balance transfer work?
A. A balance transfer feature on your credit card lets you transfer the outstanding balance accrued on credit cards issued by other banks onto your credit card. You can then repay the transferred amount at a lower rate of interest within a specific tenure.