• Best Credit Card for Low Income

    If your income is not high enough to obtain you a top-class credit card, you don’t have to worry. You still can get a good credit card that is designed for people with low income. Generally, an annual income of RM24,000 is considered to be lowest income that can qualify you for a credit card. Here is a compilation of various credit cards from different banks in Malaysia that consider low-income earners.

    Here are the Best Credit Cards for Low Income Earners in Malaysia 2018

    Updated on 1st July 2018

    Card Name
    Minimum Income Criteria
    Financial Charges
    Annual Fee
    Know More

    RM24,000.

    15% p.a. to 18% p.a

    Principal Card: Waived for life.

    Supplementary Card: Waived for the first 3 cards.

    RM75 from the fourth card onwards.

    RM24,000.

    11% p.a. to 17.5% p.a (government employees).

    13.5% p.a. to 17.5% p.a. (private employees

    Principal Card: Waived.

    Supplementary Card: Waived.

    RM24,000.

    12% p.a. to 17.5% p.a.

    Waived for the first year.

    Principal Card: RM50 from the second year onwards.

    Supplementary Card: RM35 from the second year onwards.

    RM24,000.

    15% p.a. to 18% p.a.

    Principal Card: RM160.

    Supplementary Card: RM80.

    RM24,000.

    15% p.a. to 18% p.a.

    Waived.

    RM24,000

    15% p.a. to 18% p.a.

    Principal Card: RM250.

    Waived for the first year.

    Supplementary Card: Waived.

    RM24,000.

    15% p.a. to 18% p.a.

    Principal Card: Waived.

    Supplementary Card: Waived.

    RM24,000.

    15% p.a. to 18% p.a.

    Waived for the first year.

    Principal Card: RM30

    Supplementary Card: RM20

    AmBank CARz Gold Visa Credit Card

    Ambank CARz Credit Card comes in two variants—Mastercard Platinum and Gold Visa. The Gold Visa version of the CARz Card is an affordable option for low-income earners as the minimum annual income requirement is RM24,000. Also, the annual fee of the card is waived without any minimum spend conditions.

    Key Benefits

    • Get 3% cash rebate on petrol transactions if you make a minimum or partial payment by the due date.
    • Earn 2% cash rebate on petrol transactions if you make the complete payment by the due date.
    • Earn 1 CARz Point for every RM1 spent on retail purchases.
    Additional Points Description
    How to Use It
    • Pay with the card for all your purchases.
    • Earn a cash rebate on petrol transactions.
    • Accumulate CARz Points for all other purchases.
    Good about It
    • Enjoy the convenience of auto-bill payments with the AmBank AutoBillPay feature.
    • Get e-Statements for free to help you take care of monthly expenses.
    Keep in Mind
    • CARz Points can be used to redeem auto-related goods and services only.

    Who Should Get It

    • Those who have a low income.
    • Those who spend on petrol transactions.
    • Those who make retail purchases often.

    BSN Classic Credit Card

    BSN Classic Credit Card offers an annual fee waiver for life. You can enjoy the basic set of features a credit card can provide, such as reward points, balance transfer, and cash advance.

    Key Benefits

    • Every ringgit you spend on local retail purchases will fetch you a Happy Point.
    • Get 2x Happy Points when you spend on overseas purchases with the card.
    • Get an automatic travel accident and inconvenience coverage of up to RM300,000.
    Additional Points Description
    How to Use It
    • Pay with the BSN Classic Credit Card for all the purchases you make.
    • Earn Happy Points on every RM1 you spend with the card.
    Good about It
    • Enjoy lower finance charges as compared to the finance charges of other banks.
    • Use the card to shop and dine anywhere in the world.
    Keep in Mind
    • The travel insurance is available only when you charge the complete airfare to your card.

    Who Should Get It

    • Those who earn a low income.
    • Those who spend on retail purchases in Malaysia and abroad.

    AFFINBANK Mastercard Classic Credit Card

    AFFINBANK Mastercard Classic Credit Card provides you with rewards on all your retail purchases. You get an annual fee waiver for the first year. The annual fee charged for the second year onwards is affordable to those who earn an annual income of RM24,000.

    Key Benefits

    • Earn 1 AFFIN Rewards Point for every RM1 spent on retail purchases.
    • Get a complimentary flight and travel insurance cover of up to RM250,000.
    Additional Points Description
    How to Use It
    • Use the AFFINBANK Mastercard Classic to pay for all your purchases.
    • Collect AFFIN Rewards Points on every ringgit you spend on retail purchases.
    Good about It
    • Opt for the Easy Instalment Plan at an upfront interest rate as low as 2%.
    • Enjoy finance charges starting at 12% p.a. when you make partial payments.
    Keep in Mind
    • The reward points you earn will expire in 36 months.

    Who Should Get It

    • Those who earn RM24,000 or more in a year.
    • Those who make retail purchases regularly.

    Mach Credit Card

    Mach by Hong Leong Bank offers Mach Credit Card that provides cash rebate on a number of retail categories. Check the different categories under the available packages, and choose the package that suits your lifestyle the best.

    Key Benefits

    • Choose the package that suits you the best—Social, Trendsetter, Savvy, and Others.
    • Get up to 10% cashback on spend categories based on the package you choose.
    • Earn a cashback of 0.2% on the amount spent on all other retail spends.
    Additional Points Description
    How to Use It
    • Use the card to pay for your purchases.
    • Earn cash rebates when you spend on the categories from the chosen package.
    Good about It
    • Subscribe for additional categories so you can enjoy cash rebates when you spend on them.
    • Choose up to 2 packages to earn cash rebates.
    Keep in Mind
    • The cash rebate is capped at RM100 per category per quarter.
    • You can choose an additional category at the cost of RM5 per quarter per category.

    Who Should Get It

    • Those who earn an income of RM24,000 or more.

    Citi Simplicity+ Card

    Citi Simplicity+ Card makes your life simple as you don’t have to pay any late payment fee, overlimit fee, or annual fee. If you make on-time payments, you will be rewarded with a cashback on the interest charges.

    Key Benefits

    • Make the minimum monthly payment on time to get 10% cashback on the interest of cash advance and purchases.
    • Enjoy exclusive privileges on shopping, travel, beauty, and wellness categories throughout the year.
    Additional Points Description
    How to Use It
    • Make sure to pay for all your purchases with the Citi Simplicity+ Card.
    • Earn cash rebates by making the minimum monthly payment by the due date.
    Good about It
    • The cash rebates you earn will be credited to your account automatically.
    • There is no limit on the cash rebate you can earn with the card.
    Keep in Mind
    • You are not eligible for cash rebates if the net payment amount is less than the required minimum monthly payment amount.

    Who Should Get It

    • Those who have an annual income equal to RM24,000 or more.

    Standard Chartered JustOne Platinum Mastercard

    Standard Chartered JustOne Platinum Mastercard offers high cashback deals of up to 15% on selected spend categories. The cashback percentage depends on the total monthly spend you have made using the card.

    Key Benefits

    • Earn cashback of up to 15% on auto-bill payment, online purchases, and petrol categories.
    • Get 0.2% cashback when you spend on other categories.
    Additional Points Description
    How to Use It
    • Pay with the JustOne Platinum Mastercard for all your purchases and utility bill.
    • Collect cashback based on the amount you have spent with the card.
    Good about It
    • The annual fee will be waived when you spend a minimum of RM20,000 with the card.
    • Enjoy exclusive privileges and offers at the participating merchant outlets.
    Keep in Mind
    • The cashback is capped at RM12 when the total spend per month is within RM1,499.99.
    • The maximum cashback you can earn with a monthly spend between RM1,500 and RM2,499.99 is RM28.
    • The cashback you can earn with a monthly spend of RM2,500 and above is capped at RM85.

    Who Should Get It

    • Those who have a low income.
    • Those who spend on auto-bill payments, petrol, online purchases, and other retail transactions.

    CIMB Cash Rebate Platinum Credit Cards

    CIMB Cash Rebate Platinum Credit Card offers cash rebates of up to 5% on various spend categories. The percentage of cash rebate you can earn depends on the statement balance for the month. Know more about the cash rebate program of the card below:

    Key Benefits

    • Get up to 5% cash rebate on petrol, movies, grocery, and mobile and utility bill payments if the statement balance is above RM3,000 per month.
    • Enjoy 2% cash rebates on foreign currency expenditure, both retail and online purchases, if the statement balance of the month is within RM3,000.
    • Earn 0.2% cash rebates on other online and retail transactions.
    Additional Points Description
    How to Use It
    • Use the card to pay for all your transactions.
    • Earn cash rebates based on your statement balance and the category on which you spend.
    Good about It
    • Get a Touch ‘n Go Zing card with the auto-reload facility.
    • Enjoy the privileges offered by CIMB.
    Keep in Mind
    • The cashback you earn is capped at RM30 per month per card.
    • Mobile and utility bill payments are considered for cash rebate calculation only when you set standing instructions on the card.

    Who Should Get It

    • Those who earn an annual income of RM24,000 or more.
    • Those who spend on grocery shopping, movies, utility bill payments, and mobile bill payments.
    • Those who spend using foreign currencies.

    AEON Visa Classic Card

    The card offered by AEON Credit Service rewards you for the money you have spent with the card, irrespective of the spend category. The card also gives you the privilege of instant approval when you choose the easy payment plan.

    Key Benefits

    • Earn 1 Reward Point on every RM1 spent with the card.
    • Enjoy up to 50% discount at merchant partner outlets in Malaysia and overseas.
    Additional Points Description
    How to Use It
    • Use the card to pay for all your transactions worldwide.
    • Accumulate reward points on every RM1 you spend with the card.
    Good about It
    • Enjoy worldwide recognition so you can shop and dine with the card anywhere.
    • Get access to cash whenever and wherever required through the wide network of ATMs.
    Keep in Mind
    • Reward points are not issued on petrol and government-related transactions.

    Who Should Get It

    • Those who earn a minimum annual income of RM24,000.
    • Those who spend regularly on retail purchases.

    How to Choose the Best Card for a Low Income Earner

    Apply for a credit card only if you qualify with respect to all the eligibility requirements mentioned for the card. Also, try to choose a card that has no or minimum annual fee. Many cards in the market today come with a waiver on the annual fee.

    Some cards may have waived the annual fee only for the first year. If you want to choose such a card, do consider the annual fee for the second year onwards. Go for the card only if you can afford to pay it. It would be good to prefer a card with low finance charges if you think you can’t make complete payments every month.

    BBazaar's Best Credit Cards for Low-Income Earners 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.

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