• Best Credit Cards for Overseas Spending Malaysia

    Credit cards cater to customers from all walks of life. Whether you spend more on essentials such as groceries and fuel, or tend to dine out a lot, or love to travel, you can find a card that will cater to your needs.

    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 1st July 2018

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

    1.1 Enrich Air Miles for every RM1 spent.

    15% to 18% p.a.

    RM36,000 p.a.

    5x Citi Rewards points for every RM1 spent.

    15% to 18% p.a.

    RM60,000 p.a.

    For every RM2 spent, get 3 WorldMiles.

    15% to 18% p.a.

    RM90,000 p.a.

    5x Rewards Points.

    15% to 18% p.a.

    RM150,000 p.a.

    5x Bonus Points.

    15% to 18% p.a.

    RM120,000 p.a.

    3x AmBonus Points.

    15% to 18% p.a.

    RM80,000 p.a.

    2x Happy Points.

    Government servants: 11% to 17.5% p.a.

    Private employees: 13.5% to 17.5%.

    RM60,000 p.a.

    3x Timeless Bonus Points (TBP) for every RM1 spent.

    15% to 18% p.a.

    RM60,000 p.a.

    HSBC Premier Travel Credit Card

    The HSBC Premier Travel Credit Card offers Air Miles when you use the card for both local and overseas spends. This card also offers you complimentary travel insurance, discounts on hotel bookings, and shopping deals.

    Key Benefits

    • Earn 1 Air Mile for every RM4 spent on local transactions.
    • Earn 1.1 Air Miles for every RM1 spent on overseas transactions.
    • Get 12x complimentary airport lounge access to over 850 local and international airports.
    • Get 10% and 7% off when you make hotel bookings on Expedia and Agoda, respectively.
    • Enjoy unlimited complimentary Wi-Fi access through Boingo.
    • Get great deals and discounts on shopping.
    • Stay protected with free worldwide travel insurance coverage of up to RM750,000.
    • The annual fee is waived for the first year.
    • Get a complimentary Uber ride.
    Additional Points Description
    How to Use It
    • Use your card for overseas transactions and earn Air Miles.
    • You can redeem the accumulated Air Miles.
    Good about It
    • Earn Air Miles with every transaction.
    • No annual fees are charged for the supplementary cards.
    Keep in Mind
    • The Air Miles accumulated for overseas spends and local spends are capped at 20,000 Air Miles and 30,000 Air Miles, respectively.
    • A foreign currency conversion cost of 1.25% will be charged for overseas transactions. The conversion rates are determined by Mastercard.
    • Only the principal cardholders can use the complimentary airport lounge access up to 12 times a year. Each accompanying guest will be charged USD27 per entry.
    • The annual fee will be waived from the second year onwards, provided you make a spend of RM45,000 or more.
    • The card is exclusively for HSBC Premier account holder with minimum RM200,000 account balance with HSBC.

    Who Should Get It

    • Those who travel frequently.
    • Those who shop 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 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 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% for 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.

    Standard Chartered WorldMiles MasterCard

    Standard Chartered WorldMiles Mastercard offers rewards in the form of WorldMiles. You can convert the WorldMiles you have accumulated into air miles, and benefit from the frequent flyer programmes of partnering airlines.

    Key Benefits

    • Get 3 WorldMiles for every RM2 spent on overseas transactions.
    • Get 1 WorldMile for every RM3 spent on local transactions.
    • Convert two WorldMiles into 1 AirMile of Asia Miles, KrisFlyer, Enrich, and AirAsia BIG.
    • The annual fee is waived for the first year.
    • Get unlimited Plaza Premium Lounge access.
    • Get a complimentary airport transfer when you return from your overseas travel.
    • Get rebates on hotel bookings at participating merchants.
    • Enjoy global concierge services throughout the year.
    Additional Points Description
    How to Use It
    • Earn WorldMiles when you use your card for overseas and local retail purchases.
    • Convert the accumulated WorldMiles into frequent flyer programmes of partnering airlines.
    Good about It
    • Earn WorldMiles for every local and overseas transaction.
    Keep in Mind
    • The annual fee is waived for the subsequent years for a minimum spend of RM60,000 p.a.
    • The conversion of transactions made in foreign currency to Ringgit Malaysia will be determined by Mastercard. You also have to pay 1% markup on the transacted amount.
    • The minimum income requirement for this card is RM90,000 p.a.

    Who Should Get It

    • Frequent flyers.
    • Those who spend overseas.

    RHB Visa Infinite Credit Card

    When you spend using your RHB Visa Infinite Credit Card, you earn Reward Points. You can redeem these points for air miles, and a range of exquisite items.

    Key Benefits

    • Earn 5x reward points on overseas transactions.
    • Earn 1x reward points on local transactions.
    • Enjoy unlimited Plaza Premium Lounge access in Singapore and Malaysia.
    • Enjoy golf privileges at participating golf clubs.
    • The annual fee is waived for the card.
    • Get complimentary travel insurance coverage of up to RM2 million.
    • Get preferred rates for foreign currencies using the RHB Bureau-de-Change facility.
    • Enjoy Visa Infinite privileges.
    • Enjoy 24-hour concierge services.
    Additional Points Description
    How to Use It
    • Use your RHB Visa Infinite Credit Card for local and overseas retail transactions to earn RHB Reward Points.
    • Redeem your RHB Reward Points for air miles from over 40 airline partners and air flight vouchers. (4,000 RHB Reward Points = 500 Enrich Miles).
    Good about It
    • This card is free for life.
    • There is no expiry date for the reward points.
    • You can earn high rewards on local and overseas transactions.
    Keep in Mind
    • You won't be entitled to reward points for government-related payments, petrol purchases, and cash advance.
    • The minimum credit limit for this card is RM50,000.
    • Only the first 1,000 RHB cardholders are entitled to Plaza Premium Lounge access. Subsequently, you will get 25% off the walk-in rates.
    • The minimum income requirement for this card is RM150,000 p.a.

    Who Should Get It

    • Frequent flyers.
    • Those who shop overseas.

    CIMB Visa Infinite Credit Card

    The CIMB Visa Infinite credit card offers rewards on overseas purchases in the form of Bonus Points. Moreover, you will also be entitled to complimentary travel insurance, airport lounge access, and many other privileges with this card.

    Key Benefits

    • Earn 5x Bonus Points on overseas purchases.
    • Earn 5x Bonus Points on dining anywhere in the world.
    • Earn 1x Bonus Points on all other retail transactions.
    • The card is free for life.
    • Enjoy 8x Plaza Premium Lounge access when you spend RM100,000 and above.
    • Stay protected with complimentary travel insurance coverage of up to RM1 million.
    • Enjoy 50% off on dining privileges across Malaysia.
    • Use the CIMB Premier Travel Desk facility to enjoy deals on airlines and travel packages.
    • Enjoy premium airport ride privileges.
    • Get a free Touch ‘n Go Zing Card along with this card.
    Additional Points Description
    How to Use It
    • Use your CIMB Visa Infinite Credit Card to earn Bonus Points.
    • Redeem these Bonus Points for a preferred item available on the rewards catalogue.
    • Use your card for overseas dining and retail purchases.
    Good about It
    • You can redeem your Bonus Points for Bonus Miles, vouchers, and a range of exquisite items.
    • The annual fees are waived for both the principal and the supplementary cards.
    • Earn high rewards when you shop or dine overseas using this card.
    Keep in Mind
    • The Plaza Premium Lounge vouchers are only for principal cardholders.
    • The minimum income requirements for this card is RM120,000 p.a.
    • Bonus Points come with a validity of 3 years.
    • You won’t be able to earn Bonus Points on petrol purchases, bank-related fees and charges, or any government-related payments.

    Who Should Get It

    • Those who dine overseas.
    • Those who shop overseas.

    AmBank Visa Signature Card

    Get rewarded with AmBonus Points when you use your AmBank Visa Signature Card for overseas purchases. What’s more, you also get a host of other perks, which includes free travel insurance coverage, Plaza Premium Lounge access, and golf privileges.

    Key Benefits

    • Get 3x AmBonus Points on all overseas retail transactions.
    • Get complimentary travel insurance of RM1 million when you pay the full airfare with your card.
    • The annual fee is waived for the card.
    • Enjoy 5x Plaza Premium Lounge access throughout the year.
    • Get an additional 25% off on airport lounges in Malaysia, and 20% off on overseas lounges.
    • Convert your AmBonus Points to Air Miles (Enrich, Asia Miles, Singapore Airlines KrisFlyer and AirAsia BIG).
    • Enjoy golf privileges at exclusive golf courses.
    • Enjoy up to 50% off on dining discounts at participating Hilton Hotels in Malaysia, Thailand and China.
    • Get a discount of 10% on available room rates at all participating hotels in Asia.
    • Get round-the-clock concierge services.
    Additional Points Description
    How to Use It
    • Use your AmBank Visa Signature Card for all overseas transactions to earn AmBonus Points.
    Good about It
    • You get high rewards for overseas spends, which can be redeemed for air miles and a wide range of selected items.
    • The principal card and the first three supplementary cards are free for life with no conditions.
    Keep in Mind
    • AmBonus Points are valid only for 3 years.
    • Online transactions are not entitled to AmBonus Points.
    • The minimum income requirement for this card is RM80,000 p.a.

    Who Should Get It

    • Those who shop overseas frequently.

    BSN Platinum Mastercard

    The BSN Platinum Mastercard offers rewards points not only for overseas spends, but also on dining, flight ticket purchases, and other local retail transactions. You are entitled to other benefits such as complimentary travel insurance, airline deals, and low finance charges.

    Key Benefits

    • Earn 2x Happy Points on overseas retail purchases.
    • Earn 2x Happy Points on local golf, dining, and air ticket purchases.
    • Earn 1x Happy Points on local retail purchases.
    • Get free travel accident insurance coverage of up to RM1 million when the full flight ticket is charged with your card.
    • Enjoy special privileges and offers on hotels, restaurants, travel companies, and retailers.
    • Get quick cash on a low monthly repayment plan using the BSN EasyCash facility.
    • Government servants and private sector employees can enjoy low finance charges of just 11% p.a. and 13.5% p.a., respectively, for punctual repayments.
    • Get a free BSN Zing PLUSMiles Cards along with your BSN Platinum Mastercard.
    • This card is free for life
    • Use the BSN Autobilling facility to pay your monthly utility bills and earn rewards points.
    • Use the BSN Instalment-Pay Plan facility to convert your transactions into interest-free monthly instalments.
    Additional Points Description
    How to Use It
    • Use your card for overseas transactions, and earn Happy Points.
    • Redeem the Happy Points for Enrich Miles, shopping and dining vouchers, and lifestyle items.
    Good about It
    • You can earn high rewards when you shop overseas.
    • The finance charges for government servants and private sector professionals are very low.
    • The annual fee is waived for the card.
    Keep in Mind
    • The minimum income requirement for this card is RM60,000 p.a.
    • Happy Points have a validity of 3 years, after which, all the unused points are forfeited.
    • You won't earn Happy Points for bank-related transactions, government-related payments, and petrol purchases.
    • The conversion rates are determined by Mastercard. You must also pay an administration cost of 1% and transaction fees if any.

    Who Should Get It

    • Overseas shoppers.

    Alliance Bank Platinum Card

    The card offers Timeless Bonus Points (TBP) on overseas transactions. You can also enjoy an annual fee waiver provided you meet certain criteria while using the credit card. Furthermore, this card provides complimentary lounge access and interest-free instalment payment plan.

    Key Benefits

    • Earn 3x TBPs on overseas retail transactions.
    • Earn 2x TBPs when you spend on grocery, petrol, and other utilities.
    • Earn 1x TBPs for local retail transactions.
    • Redeem TBPs for Enrich Miles and AirAsia BIG Points.
    • Get exclusive discounts and deals at participating merchant outlets.
    • Get free KLIA Plaza Premium Lounge access.
    • Enjoy the instalment payment plan at just 0% p.a.
    Additional Points Description
    How to Use It
    • Use your card for overseas transactions to earn rewards.
    • Spend on grocery, petrol, and other overseas retail purchases to earn rewards points.
    Good about It
    • You can redeem the accumulated TBPs on a range of items, including air miles.
    • This card comes with interest-free instalment payment plan.
    • Earn TBPs that never expire.
    Keep in Mind
    • The minimum income requirement for this card is RM60,000 p.a.
    • The annual fee is waived for this card, when you spend a minimum of RM5,000 or when you swipe 12 times within a year.
    • You cannot earn TBPs on government-related payments.

    Who Should Get It

    • Those who use their card overseas retail purchases frequently.

    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. If you want to know more about cards that offer maximum benefits on overseas spending, check the best travel credit cards.

    Other than Overseas Spends credit cards, you can also compare best rewards credit cards and best shopping credit cards to choose a card that offers you benefits on all these categories.

    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
    HSBC Premier Travel Credit Card 1.1 Enrich Air Miles for every RM1 spent.
    Citi Rewards Visa Signature Card  5x Citi Rewards points for every RM1 spent.
    Standard Chartered WorldMiles MasterCard For every RM2 spent, get 3 WorldMiles.
    RHB Visa Infinite Credit Card 5x Rewards Points.
    CIMB Visa Infinite Credit Card

    5x Bonus Points.

    AmBank Visa Signature Card

    3x AmBonus Points.

    BSN Platinum Mastercard

    2x Happy Points.

    Alliance Bank Platinum Card 3x Timeless Bonus Points (TBP) for every RM1 spent.

    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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