• Best Cashback Credit Cards of 2018

    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.

    Here are the Best Cashback Credit Cards in Malaysia 2018

    Updated on 6th June 2018

    Card Name
    Petrol Expenses
    Groceries
    Shopping
    Retail Purchases
    Know More

    10% cashback

    10% cashback

    0.2% cashback

    0.2% cashback

    5% cashback during weekends

    5% cashback during weekends

    5% cashback during weekends

    5% cashback during weekends

    8% cashback

    8% cashback

    0.2% cashback

    0.2% cashback

    NA

    Up to 5% cashback

    Up to 5% cashback

    Up to 5% cashback

    Up to 3% cash rebate

    Up to 3% cash rebate

    Up to 3% cash rebate

    Up to 3% cash rebate

    NA

    2% cash rebate

    2% cash rebate

    Up to 10% cash rebate

    5% cashback

    5% cashback

    Up to 2% cash rebate

    0.2% cashback

    NA

    NA

    8% cashback on online shopping

    Up to 8% cashback

    Best Credit Cards for Cashback

    Citi Cash Back Platinum Credit Card

    Citi Cash Back Platinum Credit Card earns you a high rate of cashback on dining, GRAB rides, and purchases of petrol and groceries. The card also earns you an unlimited cashback on all other retail purchase categories.

    Key Benefits

    • Get a cashback of 10% on all transactions related to grocery and petrol purchases.
    • Earn a 10% cashback on GRAB rides and dining transactions.
    • Obtain an unlimited cashback of 0.2% on all other retail purchases.
    • Get the cashback earned transferred automatically to your credit account.
    • Benefit from Citi World Privileges at over 24,000 hotels, restaurants, gof resorts, retail outlets, and boutiques around the globe.
    • Get 24-hour personal concierge services.
    • Get a discount of up to 20% on healthcare packages.
    Additional Points Description
    How to Use It
    • Use your Citi card to purchase petrol, book GRAB rides, buy monthly grocery, and to dine-out and earn a cashback of 10% with every transaction.
    • Use your card to carry out other retail transactions and earn an unlimited cashback of 0.2%.
    Good about It
    • Automatic crediting of cashback.
    • High cashback rate for dining, petrol, and grocery transactions.
    • Complimentary healthcare package discount.
    Keep in Mind
    • Cashback cap is RM15 per category, per month.
    • Minimum spend requirement per month to get a cashback of 10% is RM1,500.
    • For monthly spends below RM1,500, the cashback earning rate is 0.2% for all the categories.

    Who Should Get It

    • Those who require petrol on a daily basis.
    • Those who use GRAB rides for their daily commute.
    • Those who dine out on a regular basis, like food bloggers.

    Maybank 2 Platinum Card

    Maybank 2 Platinum Card comes with the benefits of two cards - Maybank 2 Visa Card/Mastercard and Maybank 2 American Express Gold Card. The card has a lifetime annual fee waiver and earns you Treats Points with every transaction made using it.

    Key Benefits

    • Earn 5% cashback on all retail purchases made during weekends.
    • Get 5x Treats Points with every RM1 spent locally and overseas using your Maybank 2 American Express Gold Card.
    • With every RM1 spent on retail transactions using Maybank 2 Visa Card/Mastercard, you can earn 1x Treats Points.
    • Get a complimentary travel insurance coverage with the card when you charge the card to book the travel tickets.
    • Get up to 50% discount on dining at SPG Hotels & Resorts.
    • Earn 1x TREATSPoints with all transactions related to insurance, 0% EzyPay facility, education, and utilities.
    Additional Points Description
    How to Use It
    • Use your card to carry out retail transactions every day and earn Treats Points with every RM1 spent.
    • Use your card to make purchases during weekends and earn a cashback of 5% with every transaction.
    Good about It
    • High rate of cashback on weekend purchases.
    • Lifetime annual fee waiver.
    • Complimentary travel insurance.
    Keep in Mind
    • The monthly cap of weekend cashback is RM50.
    • The weekend cashback is applicable only with the transaction carried out using Maybank 2 American Express Gold Card.

    Who Should Get It

    • Those who make their weekly purchases during weekends.
    • Those who shop locally and overseas.

    HSBC Amanah MPower Visa Platinum Credit Card-i

    HSBC Amanah MPower Visa Platinum Credit Card-i helps you increase your everyday savings on expenses related to grocery and petrol. The card also gives you an unlimited cashback with all other retail transactions.

    Key Benefits

    • Earn a cashback of 8% on all petrol and grocery purchases.
    • Get an unlimited cashback of 0.2% on all other retail transactions.
    • Benefit from VIP SmartPrivileges Programme.
    • Enjoy a range of premium privileges from Visa.
    Additional Points Description
    How to Use It
    • Use your card to purchase grocery and petrol.
    • Reach the monthly requirement to be eligible for cashback earning.
    • Get the cashback credited in your credit account.
    Good about It
    • High cashback rate with petrol and grocery purchases.
    • Unlimited cashback earning with other retail transactions.
    • Low income requirement, i.e. RM36,000 p.a.
    Keep in Mind
    • The minimum spend requirement to earn the cashback is RM2,000 per month.
    • The monthly cap of cashback is RM50.

    Who Should Get It

    • Those who use their own vehicles for daily commute.
    • Those who wish to enhance their savings related to monthly grocery purchases.

    Standard Chartered Cashback Platinum Mastercard

    You can boost your monthly savings with the use of Standard Chartered Cashback Platinum Mastercard. The card earns you cashback with all the purchases on a monthly basis.

    Key Benefits

    • Cashback of 5% with all transactions completed using this card.
    • Annual fee waiver for the first year.
    • Enjoy a range of exclusive offers and privileges at more than 4,000 outlets within Asia.
    • Get an annual fee waiver when you spend RM20,000 p.a. using the card.
    Additional Points Description
    How to Use It
    • Use your card to make retail purchases and earn up to 5% cashback every month.
    • Get exclusive offers at participating merchant outlets when you pay the bill using your card.
    Good about It
    • High rate of cashback with retail purchases.
    • Low income requirement, i.e. RM24,000 p.a.
    Keep in Mind
    • The rates of cashback earning depends upon the monthly spend and is given below:
      • For monthly spend under RM500, the cashback rate is 2%.
      • For monthly spend between RM500 and RM800, the cashback rate is 3%.
      • If the monthly spend is more than RM1,500, the cashback rate is 5%.
    • The monthly cap of cashback is RM50.
    • You can earn cashback on all retail categories except insurance and petrol purchases.

    Who Should Get It

    • Those who want to increase their monthly savings on retail purchases.

    Alliance Bank You:nique Card

    Alliance Bank’s You:nique Card helps you save on your monthly expenses with a cash rebate on all transactions. The card comes with a feature that allows you to personalise your face card and earns you Timeless Bonus Points (TBPs) with every retail transaction.

    Key Benefits

    • Earn a cash rebate of 3% with all the retail transactions you complete using the card.
    • Personalise the card with an image of your choice.
    • Earn 2x TBPs with all purchases made using this card.
    • Enjoy an annual fee waiver on the card for the first 3 years.
    • Enjoy a low interest rate of 9% p.a. on retail purchases.
    • Swipe your card 12 times or charge your card for RM5,000 or more in a 12-month period and get the annual fee waived from 4th year onwards.
    Additional Points Description
    How to Use It
    • Use your Alliance Bank card to make retail purchases.
    • Earn 2x TBPs and 3% cash rebate.
    Good about It
    • Low finance charges starting from 9% p.a.
    • Cash rebates earned on all retail transactions.
    • Option to customise your card.
    • No cap on cash rebate earning.
    Keep in Mind
    • The TBPs are earned on all retail transactions except for transactions related to government services and petrol.
    • 3% cash rebate is awarded only when the monthly spend lies in the range of RM2,000 to RM3,000.

    Who Should Get It

    • Those who wish to increase their monthly savings related to retail purchases.

    Hong Leong Mach Visa Card

    Mach Credit Card allows you to choose from different packages available based on your lifestyle requirements. The card lets you choose from the following:

    • Savvy package
    • Social package
    • Trendsetter Package

    Key Benefits

    • Earn cashback on the following categories under the Social Package:
      • 10% on movies at GSC, MBO, Cathay, and many more.
      • 2% on nightlife including major pubs and cafés.
      • 3% on musical events.
    • Earn cashback on the following categories under the Savvy Package:
      • 3% on mobile.
      • 2% on groceries.
      • 2% on health and fitness.
    • Earn cashback on the following categories under the Trendsetter Package:
      • 5% on dining.
      • 2% on clothing shopping.
      • 1% on hotel and travel bookings.
    • Earn cashback on online shopping and departmental store purchases.
    • For retail categories outside the chosen package, earn a cashback of 0.2%.
    • Enjoy an annual fee waiver with a minimum of 12 swipes per year.
    Additional Points Description
    How to Use It
    • Choose your preferred package.
    • Use your card to make retail purchases in the available categories.
    • Earn cashback with every transaction.
    Good about It
    • Annual fee waiver with 12 swipes per year.
    • Convenience of switching categories.
    • High cashback on shopping for your preferred categories.
    Keep in Mind
    • Maximum cash rebate you can earn per category is RM100 per quarter.
    • Maximum cashback you can get with all other retail purchases is RM50 per month.

    Who Should Get It

    • Those who want to increase their monthly savings on a specific type of retail purchases.

    CIMB Cash Rebate Platinum Credit Card

    CIMB Cash Rebate Platinum Credit Card helps you enhance your monthly savings. The card gives you cash rebate with a number of retail purchases and bill payments.

    Key Benefits

    • Get up to 5% cash rebate with transactions related to grocery, petrol, cinema, and utility bill payment.
    • Earn 2% cash rebate with online and retail transactions completed using foreign currency with this card.
    • Earn 0.2% cash rebate with all other types of retail spends.
    • Get faster checkouts at tolls with a complimentary Touch ‘n Go Zing card.
    • Enjoy a lifetime annual fee waiver for both principal and supplementary cards.
    Additional Points Description
    How to Use It

    Use your to carry out online/in-store transactions and to pay utility bills.

    Spend amount equal to or more than the required minimum spend to earn cashback per month.

    Earn cash rebate with every transaction.

    Good about It
    • Cash rebates with a wide range of retail transactions.
    • Lifetime annual fee waiver.
    • 0.2% unlimited cash rebates with all retail purchases except petrol, grocery, cinema, and bill payments.
    • Low income requirement of RM24,000 p.a.
    Keep in Mind
    • Cash rebate of 5% with the selected categories is valid only when the monthly spend requirement of RM3,000 is met.
    • For monthly expenses of RM3,000 and below, the rate of cash rebate is 2% with all purchases.
    • Cash rebate is capped at RM30 per month, per cardholder.

    Who Should Get It

    • Cinema-goers.
    • Those who use their own vehicle for every day commute.
    • Those who shop from online stores.

    UOB YOLO Card

    UOB YOLO Card is especially made for the younger customers. The card offers you a high rate of cashback with purchases related to dining, online shopping, and traveling. The card also offers you a range of travel and lifestyle privileges.

    Key Benefits

    • Earn a cashback of 8% on all purchases made using this card associated with dining, traveling, and online shopping.
    • Activate and use your card once within the first 60 days of approval and get a promo code worth RM10.
    • Enjoy benefits from a range of promotions related to cinema, shopping, and clubs.
    • Make quicker payments via Visa payWave.
    • Enjoy a wide array of dining, shopping, travel, and lifestyle privileges.
    • Get an annual fee waiver for the first year for the primary card and two-year annual fee waiver for the supplementary card.
    Additional Points Description
    How to Use It
    • Use your UOB YOLO Card to get the benefits from latest club, shopping, and dining promotions.
    • Use your card to pay for dining, travel, and shopping online, and get a cashback of 8% credited back to your account.
    Good about It
    • Annual fee waiver for the first year.
    • Low annual fee of RM90.
    • Low income requirement of RM24,000 p.a.
    • High rates of cashback with online shopping transaction, dining bills, and travel bookings.
    Keep in Mind
    • The monthly cap of cashback is RM50.
    • With 15 or lesser transactions made on the card in a month, the cashback rate is 5%.

    Who Should Get It

    • Those who prefer shopping online.
    • Those who dine out and go to nightclubs.

    How to Choose the Best Cashback Cards?

    A cashback or cash rebate credit card can help you increase your savings on a monthly basis. There are a number of cashback cards available that earn you cash rebates on a range of retail transactions. Most of these Credit cards come with a minimum spend requirement for you to earn the cashback with every retail transaction.

    It is highly recommended that you read all the terms and conditions before choosing a card that suits your lifestyle and monthly financial budget needs the best. While searching for the suitable card, it is also suggested that you take into account the annual fees, income requirement, and other fees and charges of the card before opting for a card.

    If you are interested in other types of card, check the best petrol credit cards and the best shopping credit cards

    BBazaar's Best Cash Back Credit Cards of 2018

    Use this guide to compare and choose the card that is best suited to you. Make sure you read all terms and conditions pertaining to the card before opting for one. Identify your preferred spending category and budget to pick a card that will meet your financial needs. This table below will explain the categories that each individual card is ideal for. Utilize this table when comparing cards to choose the best card for yourself.

    Credit Card Best For Cashback Rate
    Citi Cash Back Platinum Credit Card Petrol and Grocery 10%
    Maybank 2 Platinum Credit Card Petrol, Shopping,Groceries and Retail Purchases 5%
    HSBC Amanah MPower Visa Platinum Credit Card-i Petrol and Groceries 8%
    Standard Chartered Cashback Platinum Mastercard Shopping,Groceries and Retail Purchases Up to 5% cashback
    Alliance Bank You:nique Card Petrol, Shopping,Groceries and Retail Purchases Up to 3% cash rebate
    Hong Leong Mach Visa Retail Purchases Up to 10% cash rebate
    CIMB Cash Rebate Platinum Credit Card Petrol and Groceries 5%
    UOB YOLO Card Retail Purchases Up to 8% cashback

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