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  • Best Credit Cards for Overseas Spending Malaysia

    Credit Cards for Overseas Spending

    Frequent travellers prefer to use cards that would help them save more on their overseas purchases. Below is a list of the top credit cards that help you make the most of your overseas expenses.

    Some cards offer you more benefits on overseas transactions. Below is a list of the top credit cards that help you make the most of your overseas expenses.

    Here are the Best Credit Card for Overseas Spends Malaysia 2018

    Updated on 13th November 2018

    Card Name
    Rewards for Overseas Transactions
    Finance Charges
    Annual Income
    Know More

    5x Bonus Points

    (Rewards for Overseas Transactions)

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

    (Finance Charges)

    RM120,000 p.a.

    (Annual Income)

    5x AmBonus Points

    (Rewards for Overseas Transactions)

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

    (Finance Charges)

    RM120,000 p.a.

    (Annual Income)

    2x Happy Points

    (Rewards for Overseas Transactions)

    Government employees: 11% to 13.5% p.a.

    Private sector employees 13.5% to 17.5% p.a.

    (Finance Charges)

    RM60,000 p.a.

    (Annual Income)

    8x Reward Points.

    (Rewards for Overseas Transactions)

    15% to 18% p.a.

    (Finance Charges)

    RM72,000 p.a.

    (Annual Income)

    5x Citi Rewards points.

    (Rewards for Overseas Transactions)

    15% to 18% p.a.

    (Finance Charges)

    RM60,000 p.a.

    (Annual Income)

    6x Rewards Points.

    (Rewards for Overseas Transactions)

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

    (Finance Charges)

    RM60,000 p.a.

    (Annual Income)

    5x Timeless Bonus Points.

    (Rewards for Overseas Transactions)

    15% to 18% p.a.

    (Finance Charges)

    RM150,000 p.a.

    (Annual Income)

    *Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed upon card renewal and on new cards.

    CIMB Visa Infinite

    If you are looking for a card that offers rewards on overseas purchases and travel-related benefits, this card is for you. You get airport lounge access, exclusive travel deals, travel insurance coverage, and many other benefits with this card.

    Key Benefits

    • Earn 5x Bonus Points when you carry out overseas retail transactions.
    • Earn 5x Bonus Points for all dining spends.
    • Earn 1x Bonus Points on all other spends.
    • Enjoy travel insurance coverage of up to RM1 million when you pay the full airfare using your card.
    • Enjoy 8x Plaza Premium Lounge access to participating airports.
    • Use the CIMB Premier Travel Desk and enjoy exclusive travel offers.
    • Enjoy toll rebates with the Touch 'n Go Zing card that comes along with this card for free.
    • Get up to 50% dining discounts when you dine locally.
    • Enjoy hotel dining privileges from participating hotel partners.
    Additional Points Description
    How to Use It
    • Use your CIMB Visa Infinite Card when you shop overseas to earn Bonus Points.
    • Redeem the accumulated Bonus Points on air miles of participating partners. (10,000 Bonus Points = 1,000 Enrich Miles).
    • Redeem your Bonus Points for cash. (400 Bonus Points = RM1 in cash).
    • You can also redeem gift vouchers and lifestyle products.
    Good about It
    • The card is free for life with no conditions attached.
    • This card comes with exclusive travel-related benefits.
    Keep in Mind
    • The minimum income requirement of this card is RM120,000 p.a.
    • If you want to renew your accesses to Plaza Premium Lounge, you need to spend a minimum of RM100,000 per year.
    • You won’t earn any Bonus Points for fuel purchases, government service payments, MyDebit transactions, and charity payments.

    Who Should Get It

    • Those who use their card while dining out (locally and overseas).

    AmBank World Mastercard

    AmBank World Mastercard offers a host of privileges. You not only earn rewards when you shop overseas, but you can also enjoy unlimited airport lounge access and concierge services. Take a look at the other benefits of the card.

    Key Benefits

    • Earn 5x AmBonus Points when you carry out overseas retail transactions.
    • Enjoy unlimited lounge access to over 26 local and international airports.
    • Stay protected with travel insurance coverage of RM2 million. It also covers travel inconveniences.
    • Exclusive dining privileges and discounts on room rates from participating partner hotels.
    • All your online purchases are protected when you shop using your card.
    Additional Points Description
    How to Use It
    • Use your card for retail transactions overseas and gain 5x AmBonus Points.
    • Convert your AmBonus Points with frequent flyer programmes of participating partners.
    • Redeem your AmBonus Points on-the-spot from any of the following participating partners: ESH, Cosway, Sen Heng, Courts, MYDIN, and SenQ .
    Good about It
    • This card is free for life for the principal and the first three supplementary cardholders.
    • Enjoy 24/7 protection of your possessions during your travel.
    • Enjoy 24/7 concierge and customer services throughout your stay.
    Keep in Mind
    • The minimum income requirement of this card is RM120,000 p.a.
    • You won’t earn any AmBonus Points for online transactions, government-related payments, fuel purchases, and charity payments.
    • You don’t earn any AmBonus Points for local retail transactions.

    Who Should Get It

    • Those who like to use their card while travelling overseas.

    AmBank BonusLink Platinum Card

    This card is ideal if you are a Manchester United fan. You earn rewards for overseas spends as well as get exclusive discounts and privileges. The following are some of the features and benefits of the card.

    Key Benefits

    • Earn 5x TreatsPoints for every RM1 spent overseas.
    • Earn 5x TreatsPoints for grocery purchases.
    • Earn 5x TreatsPoints whenever Manchester United wins a Premier League Match.
    • Earn 10x TreatsPoints when you shop at United Direct Online Megastore (www.manutd.com).
    • Get 10% off dining at Red Cafe, Old Trafford and 20% off Manchester United Stadium and museum tour.
    • Earn up to 2x TreatsPoints for every RM1 spent locally.
    • Earn 1x TreatsPoint for utility bill payment, insurance payment, payment made at educational institutions, and petrol purchases.
    • Enjoy golf privileges with this card.
    • Enjoy discounts on dining and room rates from participating SPG Hotels & Resorts in Malaysia.
    • Get 5x complimentary access to Plaza Premium Lounges of participating airports.
    • Get travel insurance coverage of up to RM2 million.
    Additional Points Description
    How to Use It
    • Use your card to carry out local and overseas retail transactions and earn TreatsPoints.
    • Redeem the TreatsPoints you have accumulated on a range of lifestyle items, gift vouchers, and with frequent flyer programmes of participating airlines.
    Good about It
    • You get 10,000 TreatsPoints upon card activation.
    • You could get an opportunity to tour Old Trafford Stadium as well as dine and play golf with Manchester United legends.
    • You could get exclusive autographed premium memorabilia.
    Keep in Mind
    • The TreatsPoints you earn are valid for three years.
    • You won't earn TreatsPoints for government-related payments.
    • You need to earn at least RM120,000 per year to be eligible for this card.

    Who Should Get It

    • Manchester United fans.
    • Those who shop using their card regularly.

    BSN Platinum Mastercard

    BSN Platinum Mastercard is ideal for those who love to travel and shop. You can enjoy exclusive privileges and discounts when you use this card. What’s more, this card comes with low finance charges!

    Key Benefits

    • Earn 2x Happy Points for overseas retail spends.
    • Earn 2x Happy Points for local dining, golf, and travel from participating partners.
    • Earn 1x Happy Points for all local retail spends.
    • Get finance charges as low as 11% with this card.
    • Stay protected with travel insurance coverage up to RM1 million. The insurance also covers travel inconveniences, including baggage loss, baggage delays, flight delays, and missed flights.
    • The principal cardholder and the first supplementary cardholder will get a free BSN Zing PLUSMiles Card each. Enjoy discounts and toll rebates with this card.
    • Use the Will Writing Services facility at a nominal rate of just RM300.
    • Use the BSN Autobilling facility and earn Happy Points.
    • Use the BSN EasyCash facility if you need cash instantly.
    Additional Points Description
    How to Use It
    • Use your BSN Platinum Mastercard when you shop locally or overseas to earn Happy Points.
    • Redeem your earned Happy Points on Enrich Miles, shopping and dining vouchers, and lifestyle products.
    Good about It
    • Enjoy special discounts and deals from participating hotels, restaurants, and other merchants.
    • The annual fee is waived for this card.
    • Enjoy round the clock concierge and customer services.
    Keep in Mind
    • The minimum income requirement of this card is RM60,000 p.a.
    • The Happy Points you accumulate will expire after a period of three years. All unused points will be forfeited.

    Who Should Get It

    • Those who shop overseas.
    • Those who travel frequently.

    HSBC Visa Signature Credit Card

    The HSBC Visa Signature Credit Card comes with an exciting rewards programme that includes a number of categories. The card provides Additional Reward Points when you spend on certain categories.

    Key Benefits

    • Earn 1x Reward Points on overseas spend, online spend, local mall purchases, and all other spends.
    • Earn 7x Additional Reward Points on overseas spend and online spend in foreign currencies.
    • Get 4x Additional Reward Points on selected local mall spends and online spend using Malaysian Ringgits.
    Additional Points Description
    How to Use It
    • Use the HSBC Visa Signature Credit Card to pay for all transactions.
    • Earn reward points based on the category of spend.
    • Use the accumulated reward points to redeem gifts, vouchers, and free flights.
    Good about It
    • Get a complimentary lounge access at the participating airports.
    • Enjoy special privileges at more than 6,500 merchant outlets in Malaysia.
    Keep in Mind
    • The Additional Reward Points are awarded until 31 December 2018.
    • A maximum of 15,000 Additional Reward Points will be provided per cardholder per month.

    Who Should Get It

    • Those who travel abroad often.
    • Those who make retail purchases overseas.

    Citi Rewards Visa Signature Credit Card

    Use your Citi Rewards card and earn rewards points for every transaction. Additionally, you will also get complimentary Plaza Premium Lounge access, round-the-clock concierge services, and travel insurance coverage.

    Key Benefits

    • Earn 5x Citi Rewards points for every RM1 spent on overseas retail purchases.
    • Earn 5x Citi Rewards points for every RM1 spent at the participating departmental stores and supermarkets.
    • Earn 1x Citi Rewards points for every RM1 spent on other categories.
    • Use your Citi Rewards points at participating outlets to pay for your purchase instead of cash.
    • Convert your Citi Rewards points to pay off the outstanding balance of your credit card.
    • Enjoy complimentary Plaza Premium Lounge access in Kuala Lumpur International Airport.
    • Get a discount of 50% at participating golf clubs.
    • Enjoy VIP privileges from the Visa Luxury Hotel Collection.
    • Get 24-hour personal accident coverage of up to RM50,000.
    • Get purchase protection for eligible purchases made with your card.
    • Get a discount of 15% and 20% on walk-in hospital room rates and Executive Screening Packages, respectively.
    Additional Points Description
    How to Use It
    • Use your Citi Rewards card for local and overseas spends to earn Citi Rewards points.
    • Redeem your rewards points for air miles and a range of selected items.
    Good about It
    • Your Citi Rewards points don’t expire.
    • You can use your accumulated Citi Rewards points to pay for your purchases and pay off the unpaid principal amount on the card.
    Keep in Mind
    • The Citi Rewards points accumulated for overseas spends are capped at RM24,000 per year.
    • The Citi Rewards points accumulated for local spends are capped at RM3,000 per billing cycle month.
    • The minimum income requirement for this card is RM60,000 p.a.
    • For all overseas transactions, you will have to pay 1% administration costs plus the conversion rates determined by Visa International.

    Who Should Get It

    • Those who shop overseas using their card.

    Hong Leong Sutera Platinum Mastercard

    This card offers you rewards on both overseas and local transactions, as well as for weekend spends and all day dining. You also get complimentary travel insurance coverage when you charge the full airfare with your card.

    Key Benefits

    • Earn 6x Reward Points for all overseas spends.
    • Earn 3x Reward Points when you dine.
    • Earn 3x Reward Points for all weekend spends.
    • Earn 1x Reward Points for all other retail spends.
    • Enjoy complimentary access to Plaza Premium lounges in KLIA and KLIA2.
    • Get travel insurance coverage of up to RM1.7 million.
    • Enjoy round-the-clock concierge services.
    Additional Points Description
    How to Use It
    • Spend using your Hong Leong Sutera Platinum Mastercard and earn Reward Points.
    • Accumulate your Reward Points to redeem gifts, hotel, and dining vouchers.
    Good about It
    • The minimum credit limit of this card is RM12,000.
    • You earn 6x Reward Points for transactions carried out overseas.
    Keep in Mind
    • The annual fee is waived for both the principal and supplementary cardholders, provided you swipe each card once within 45 days from the card issuance date.
    • You won't earn any Reward Points for government-related payments, JomPAY-related transactions, and bank’s fees and charges.

    Who Should Get It

    • TThose who like to use their card while travelling.

    Alliance Bank Visa Infinite

    This card offers high rewards for all overseas spends. You can redeem the rewards with frequent flyer programmes of participating airlines. Additionally, you can also enjoy unlimited access to airport lounges in Malaysia and other countries.

    Key Benefits

    • Earn 5x Timeless Bonus Points when you spend overseas.
    • Earn 2x Timeless Bonus Points when you spend locally.
    • Get complimentary Priority Pass Membership with this card and enjoy 6x access to over 850 airport lounges across 100 countries in the first year of card membership.
    • Get travel insurance coverage of up to RM2 million when you charge the air ticket with your card.
    Additional Points Description
    How to Use It
    • Use your card when you shop overseas and earn Timeless Bonus Points.
    • Redeem your Timeless Bonus Points with frequent flyer programmes of Malaysia Airlines and AirAsia.
    • Redeem 6,000 Timeless Bonus Points with 1,000 Enrich Miles and 3,000 Timeless Bonus Points with 1,000 BIG Points.
    Good about It
    • Enjoy privilege banking services with this card.
    • Enjoy 24/7 concierge services with this card.
    Keep in Mind
    • You won’t earn any Timeless Bonus Points for petrol purchases and government-related transactions.
    • You can earn an annual fee waiver with this card, provided you make a purchase of at least RM30,000 per year.
    • To continue enjoying unlimited airport lounge access and 12x access to airport lounges in the subsequent years, you need to make a cumulative spend of RM300,000 p.a. and RM150,000 p.a., respectively.

    Who Should Get It

    • Frequent travellers who use their card regularly..

    How to Choose the Best Card for Overseas Purchases

    Compare all these cards before you make a decision. Check for all features and benefits including any fees and charges. Pick a card that suits your overseas travelling and shopping needs. Compare all the cards and apply for the one that suits your lifestyle.

    Review

    When you compare all the cards that offer rewards for overseas spending, one card that stands out is Hong Leong Sutera Platinum Mastercard. You not only get high rewards with this card, but also when you dine and carry out transactions during the weekend. This card also offer travel-related benefits like travel insurance coverage, concierge services, and plaza premium lounge access to participating airports. You get a minimum credit limit of RM12,000 with this card and can get an annual fee waiver when you swipe your card within 45 days of card activation.

    Illustration

    To understand the working mechanism of Hong Leong Sutera Platinum Mastercard, let’s say you make a monthly purchase of RM3,000. The following table explains the break-up of your total spending.

    Type of Transaction/ Privilege Amount Spent Rewards Points Earned Total Rewards Points Earned
    Overseas Spends RM1,500 9,000 12,500 Rewards Points
    Dining Spends RM500 1,500
    Weekend Spends RM500 1,500
    All Other Retail Spends RM500 500

    When you carry out transactions worth RM3,000, you earn 12,500 Rewards Points. Make the most of your credit card by using it to redeem the Rewards Points on lifestyle items, and hotel, and dining vouchers.

    BBazaar's Best Credit Card for Overseas Spends 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 Rewards for Overseas Transactions
    CIMB Visa Infinite 5x Bonus Points
    AmBank World Mastercard  5x AmBonus Points
    Maybank Manchester United Visa Infinite 5 TreatsPoints for every RM1 spent overseas
    BSN Platinum Mastercard 2x Happy Points
    HSBC Visa Signature Credit Card

    8x Reward Points.

    Citi Rewards Visa Signature Card

    5x Citi Rewards points.

    Hong Leong Sutera Platinum Mastercard

    6x Rewards Points.

    Alliance Bank Visa Infinite Credit Card 5x Timeless Bonus Points.

    FAQs on Overseas Spending Credit Cards

    Q. What are the applicable finance charges or interest rates for overseas transactions?

    A. Banks generally charge an interest rate between 15% p.a. to 18% p.a. You should at least make your minimum monthly payment on or before the due date to enjoy lower interest rates and to avoid any late payment penalties.

    Q. What documents are required if I want to apply for any one of the aforementioned credit cards?

    A. You will need a following set of documents if you are applying for a credit card:

    • A copy of NRIC or MyKad
    • Bank account details
    • Salary slips
    • Any other document as requested by your bank

    Q. Is there a validity period applicable to the air miles that I earn on my card?

    A. Validity for air miles is different for different banks. Some banks offer air miles without an expiry date whereas others may restrict the air miles for 1 year or 3 years. Read the credit card terms and conditions carefully before getting a credit card.

    Q. Will the overseas transaction conversion fees charged based foreign currency rates?

    A. The transaction you make in a foreign currency will first be converted into Malaysian Ringgit at an exchange rate set by Visa/Mastercard and then the administrative fees will be applied.

    Q. Can I get an interest-free period on my credit card?

    A. Most credit cards offer you an interest-free period of up to 20 days during which you will not be imposed with any interest rate. This feature is applicable for your retail purchases including overseas purchases.

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