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  • 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 1st October 2018

    Card Name
    Petrol Expenses
    Groceries and Shopping
    Utility Bills and Retail Purchases
    Know More

    Up to 15% cashback

    (On Petrol)

    0.20% cashback

    (on Groceries)

    0.20% cashback

    (on online shopping)

    Up to 15% cashback

    (on Utility Bills )

    Up to 15% cashback on online retail purchases and 0.2% on all other categories

    (Retail Purchases)

    Up to 8% cashback

    (on Petrol)

    Up to 8% cashback

    (on Groceries)

    Unlimited 0.2% cashback

    (on Shopping)

    Unlimited 0.2% cashback

    (on Utility Bills)

    Unlimited 0.2% cashback

    (on Retail Purchases)

    10% cashback

    (On Petrol)

    10% cashback

    (on Groceries)

    None

    (on Shopping)

    None

    (On Utility Bills(based on chosen category ))

    Unlimited 0.2% cashback

    (on Retail (based on chosen category Retail ))

    5% cashback

    (On Petrol)

    5% cashback

    (On Grocery)

    None

    (on Shopping)

    None

    (On Utility Bills)

    None

    (On Retail Purchases)

    Up to 5% cash rebate

    (On Petrol)

    Up to 2% cash rebate

    (On Grocery)

    None

    (On Shopping)

    Up to 2% cash rebate on telephone bills

    (On Utility Bills)

    0.2% cash rebate

    (On Retail Purchases)

    None

    (On Petrol)

    None

    (On Petrol)

    3% cashback on online transactions

    (On Shopping)

    None

    (On Utility Bills & Retail Purchases)

    10% cashback (based on chosen category)

    (On petrol)

    10% cashback (based on chosen category)

    (On Groceries)

    10% cashback (based on chosen category)

    (On Shopping)

    10% cashback (based on chosen category)

    (On Utility Bills)

    10% cashback (based on chosen category)

    (On Retail Purchases)

    Up to 5% cash rebate

    (On Petrol)

    Up to 5% cash rebate

    (On Grocery)

    Up to 2% cash rebate

    (On Shopping)

    Up to 5% cash rebate

    (On Utility Bills)

    0.2% cash rebate

    (On Retail Purchases)
    Best Credit Cards for Cashback

    Standard Chartered JustOne Platinum MasterCard

    Save more with attractive cashback offers with the Standard Chartered JustOne Platinum MasterCard. The card provides a host of privileges and offers on transactions related to petrol, groceries, and more. Let’s have a look at the major features of this card.

    Key Benefits

    • Get up to 15% cashback on auto bill payments, all online purchases, and fuel transactions.
    • Get 0.2% cashback on other category spends.
    • No annual fees for the principal card in the first year.
    • Supplementary card is free for life.
    Additional Points Description
    How to Use It
    • Swipe the Standard Chartered JustOne Platinum MasterCard for any online, retail, fuel, and other transactions.
    • Get cashback credited every month based on the total amount spent.
    Good about It
    • Up to 15% cashback on a wide range of transactions.
    • Get exclusive offers and privileges with many partnering merchants.
    • Enjoy discounts and offers at 4,000 outlets of Good Life Privileges across Asia.
    • Get extra cash with the Cheque-On-Call Plus feature.
    • Make easy payments through the Samsung Pay mobile wallet
    Keep in Mind
    • Auto bill payments include payments for Telco, insurance, and utilities only.
    • The 15% cashback comes with a cap of up to RM85 per month only when you spend RM2,500 and above.
    • Annual fee is charged at RM250 after the first year.

    Who Should Get It

    • Those looking for attractive offers on online shopping.
    • Those looking for exclusive Standard Chartered offers and privileges on a host of retail and other payments.

    HSBC Amanah MPower Visa Platinum Credit Card-i

    Get up to 8% cashback on every RM1 spent on a number of categories. Read on to know more about the benefits from this card.

    Key Benefits

    • Earn up to 8% cashback on grocery and petrol payments.
    • Earn flat 0.2% unlimited cashback on all other transactions.
    • Get an interest-free period of 20 days on all transactions made with the card.
    • Get access to premium privileges offered by Visa.
    Additional Points Description
    How to Use It
    • Pay with your HSBC Amanah MPower Visa Platinum Credit Card-i for petrol, groceries, and all other expenditure.
    Good about It
    • Enjoy various offer on dining, shopping, entertainment activities, and travel expenses, both locally and overseas.
    • Get cash advance facilities with this card.
    • Get the convenience of auto-bill payments through the HSBC Amanah’s Auto Bill Payment Service.
    Keep in Mind
    • Annual fees for the primary card is RM240 and RM120 for the supplementary card. Maximum cashback cap is RM50 per month.

    Who Should Get It

    • Those who spend regularly on petrol and groceries.
    • Those looking for special privileges.

    Citi Cash Back Platinum Credit Card

    The Citi Cash Back Platinum Credit Card provides cash rebates and lets you earn cashback with every retail, grocery, petrol, and other purchases. Read below to learn more about the features of this credit card.

    Key Benefits

    • Get 10% cashback on dining, GRAB rides, shopping, and petrol transactions.
    • Earn unlimited cashback of 0.2% for all other retail purchases.
    • Automatic credit of cashback into the account at the end of each month.
    Additional Points Description
    How to Use It
  • Swipe the Citi Cash Back Platinum Credit Card for any purchase.
  • Accumulate cashback with every transaction made with the card.
  • Automatic credit of cashback into the account at the end of each month.
  • Good about It
    • Interest-free period of 20 days for retail transactions done with the card.
    • Enjoy the benefits of Citibank World Privileges with this card.
    • Get a credit limit of up to RM450,000 with the card.
    • Pay utility bills through standing instructions with the card.
    • The card comes with a maximum credit limit of RM450,000.
    Keep in Mind
    • Annual fees of RM195 for principal card and RM100 for supplementary card.
    • Cashback cap of RM15 per month on petrol, groceries, GRAB rides, and dining expenses over RM1,500.
    • Annual income requirement of RM60,000.

    Who Should Get It

    • Those looking for cashback on petrol and grocery purchases.
    • Those looking for special privileges by using a card.

    Maybank Visa Signature Credit Card

    The Maybank Visa Signature Credit Card lets you earn cashback and reward points for your transactions. In addition, you can enjoy other Visa-related privileges worldwide.

    Key Benefits

    • Get 5% cashback when you spend on petrol and groceries.
    • Earn 5 TreatsPoints for every RM1 you spend overseas.
    • For local purchases, you can earn 1 TreatsPoint for every RM1 spent.
    Additional Points Description
    How to Use It
    • Use your Maybank Visa Signature Credit Card to pay for your purchases.
    • Get cashback on the amount you spend on petrol and groceries.
    • Earn reward points for all other transactions you make with the card.
    • Redeem the accumulated reward points for the items of your choice from the redemption catalogue.
    Good about It
    • Enjoy fast track immigration at the participating international airports.
    • Get assistance related to travel, business, entertainment, and more with the 24-hour Concierge Service.
    • Get a credit line as per your needs.
    • A complimentary travel personal accident insurance coverage of up to RM2 million is available when you pay the entire airfare with the card.
    Keep in Mind
    • The cashback you earn is capped at RM88 per month.
    • No TreatsPoints are awarded for petrol, grocery, and government-related transactions.
    • The reward points redemption rate is set as 500 TreatsPoints = RM1.

    Who Should Get It

    • Those who spend on petrol every day.
    • Those who spend on grocery regularly.
    • Those who make retail purchases in Malaysia and abroad.

    UOB One Platinum Credit Card

    The UOB One Platinum Credit Card brings a number of rewards and privileges with it in addition to providing cash rebates on at least 5 categories. Based on the day of spending, you can earn up to 8% cash rebate on the specified category.

    Key Benefits

    • Get a cash rebate of 1% on a weekday and 5% on a weekend when you make a petrol transaction at any petrol station.
    • A cash rebate of 2% and 8% is available when you purchase movie tickets at Golden Screen Cinemas on a weekday and weekend respectively.
    • Earn 1% cash rebate when you purchase groceries at Tesco, AEON BiG, Giant, Cold Storage, or Jaya Grocer on a weekday. On weekend purchases, you can get a cash rebate of 2%.
    • When you pay telecommunication bill on a weekday, you can get a cash rebate of 1%. If you pay it on a weekend, you can get a cash rebate of 2%.
    • Get an unlimited 0.2% cash rebate when you make any other retail transactions.
    Additional Points Description
    How to Use It
    • Swipe your UOB One Platinum Credit Card when you have to pay for any transactions.
    • Based on the category and merchant, you will receive cash rebates as specified.
    • The cash rebate will be credited to set off the outstanding balance on your card.
    Good about It
    • Get the benefits of 0% Overseas Easi-Payment Plan when you make a minimum spend of RM3,000.
    • You can get a repayment tenure of 3 months when you make a minimum spend of RM1,000 on medical treatments at 0% interest rate.
    Keep in Mind
    • You can get cash rebate only when you pay the bills for the carriers, such as Maxis, Digi, and Celcom.
    • Cash rebates are awarded only when the purchase amount is a maximum of RM500 per month for petrol, RM1,500 per month for groceries, and RM300 per month for telecommunication bills.

    Who Should Get It

    • Those who spend on petrol on a daily basis.
    • Those who purchase groceries regularly.
    • Those who by movie tickets often.
    • Those who pay telephone bills and make retail purchases often.

    AmBank TRUE Visa Credit Card

    The AmBank TRUE Visa Credit Card comes with a lifetime annual fee waiver. You can share the benefits of the card with your immediate family members with a supplementary card. The card also provides you with an option to transfer the outstanding balance from other banks’ cards.

    Key Benefits

    • Get a cash rebate of 3% when you spend with the card online.
    • Get a repayment period of up to 24 months when you purchase at a participating merchant outlet with the Easy Payment Plan.
    Additional Points Description
    How to Use It
    • Pay with the card when you make online transactions.
    • Earn 3% cash rebate on every online transaction you make.
    • The cash rebate can be used to set-off the outstanding balance on your card.
    Good about It
    • The Excess Limit Service allows you to spend with the card beyond the set limit.
    • You won’t miss bill payments when you set standing instructions with the AutoBillPay feature.
    Keep in Mind
    • The cash rebate is capped at RM30 per month.

    Who Should Get It

    • Those who make online purchases regularly.

    Hong Leong WISE Platinum Credit Card

    Hong Leong WISE Platinum Credit Card offers cashback on the categories you choose from the list of available options. Enjoy the cashback deal throughout the year at an annual fee of RM300. Know more about the card here.

    Key Benefits

    • Enjoy 10% cashback on the chosen category throughout the year.
    • Switch categories based on your convenience.
    • Get the benefits of a default bonus category in addition to the categories you choose.
    Additional Points Description
    How to Use It
    • Pay with the Hong Leong WISE Platinum Credit Card when you make any transactions.
    • Meet the minimum spend criterion to earn cashback on the chosen categories.
    Good about It
    • Select up to 2 categories to earn cashback on your spend.
    • The expenses you make with supplementary cards are considered to calculate the cashback.
    Keep in Mind
    • The cashback is awarded only if the monthly spend is RM2,000 or more.
    • The cashback is capped at RM100 per month.

    Who Should Get It

    • Those who spend on one of the categories on which the card provides cashback, such as petrol, utility bills, dining, bookshop, and pharmacies.

    CIMB Cash Rebate Credit Card

    The CIMB Cash Rebate Credit Card provides cash rebates on a number of categories. You can also earn cash rebates when you spend in a foreign currency, online or offline. Check out the details here.

    Key Benefits

    • Spend RM3,000 or more in a month to earn a cash rebate of 5% on petrol, movie tickets, groceries, mobile bill payment, and utility bill payment.
    • A statement balance below RM3,000 will fetch you a cash rebate of 2% on the specified categories.
    • Earn a cash rebate of 2% when you make retail or online transactions using a foreign currency.
    • All other online and retail transactions will get you a cash rebate of 0.2%.
    Additional Points Description
    How to Use It
    • Use your CIMB Cash Rebate Credit Card to pay for your purchases.
    • Based on the statement balance and the type of transaction, you will receive the designated cash rebates.
    Good about It
    • The card if free-for-life.
    • Enjoy CIMB credit card privileges over a variety of categories, such as dining, travel, shopping, personal grooming, and more.
    • On all other online and retail transactions, you can get unlimited 0.2% cash rebate.
    Keep in Mind
    • The cash rebate for mobile and utility bill payment will be awarded only if you set a standing instruction.
    • The cash rebate is capped at RM30 per month per card for the categories—cinema, petrol, grocery, mobile bill, and utility bill.

    Who Should Get It

    • Those who spend on grocery and petrol on a regular basis.
    • Those who set standing instructions on mobile and utility bills.
    • Those who buy movie tickets often.

    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

    Review

    As compared to the other card in the list, the Standard Chartered JustOne Platinum Credit Card can be considered as the better card. You can earn a cashback of up to RM1,000 in a year when you make auto-bill payments, online purchases, and other retail transactions with the card. You will earn up to 15% cashback when your retail spend for the month is RM2,500 and above on the specified categories.

    Even in other cases, you will earn better cashback as compared to the other cards in the list. The cashback you earn is capped at different levels and the capping ranges from RM12 up to RM85. The annual fee for the first year is waived. For the subsequent years, you have to pay RM250 as the annual fee. However, this fee can be waived on a minimum spend of RM20,000 in a year.

    Illustration

    Consider that you have spent RM600 for electricity bill, RM15 for water bill, RM300 on online purchases, RM400 for petrol, and RM1,000 on other retail purchases. Based on the total spend of the month of RM2,315, you will be eligible for 10% cashback on auto-bill payment, online purchases, and petrol transactions. All other retail spends will get you 0.2% cashback.

    Spend Category Amount Spent Cashback (%) Cashback Calculation Cashback Earned
    Electricity Bill RM600 10% RM600 x 0.10 = 60 RM60
    Water Bill RM15 10% RM15 x 0.10 = 1.5 RM1.5
    Online Purchases RM300 10% RM300 x 0.10 = 30 RM30
    Petrol Transactions RM400 10% RM400 x 0.10 = 40 RM40
    Other Retail Transactions RM1,000 0.2% RM1,000 x 0.002 = 2 RM2

    The total cashback earned will sum up to RM133.5. However, the cashback is capped at RM28. Therefore, RM28 will be credited to your card account.

    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
    Standard Chartered JustOne Platinum MasterCard Petrol and Utility Bills Up to 15% cashback
    HSBC Amanah MPower Visa Platinum Credit Card-i Groceries and Petrol Up to 8% cashback
    Citi Cash Back Platinum Credit Card Petrol and Grocery 10%
    Maybank Visa Signature Credit Card Petrol and Grocery 5%
    UOB One Platinum Credit Card Petrol Up to 5% cashback
    AmBank TRUE Visa Credit Card Shopping 3% cashback on online transactions
    Hong Leong WISE Platinum Credit Card Petrol, Groceries, Shopping, Utility Bills and Retail Purchases 10% cashback (based on chosen category)
    CIMB Cash Rebate Credit Card Petrol, Grocery and Utility Bills Up to 5% cash rebate

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