Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • 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 4th September 2018

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

    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.

    1.1 Enrich Air Miles for every RM1 spent.

    15% to 18% p.a.

    RM36,000 p.a.

    6x Rewards Points.

    15% to 18% p.a.

    RM60,000 p.a.

    5x Bonus Points

    15% to 18% p.a.

    RM120,000 p.a.

    5x AmBonus Points

    15% to 18% p.a.

    RM120,000 p.a.

    5x Timeless Bonus Points

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

    RM150,000 p.a.

    8x Reward Points

    15% to 18% p.a.

    None

    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% 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.

    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 2 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.

    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.
    • 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.
    • The minimum income requirement is just RM36,000 p.a.
    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.
    • 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.

    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

    • Those who like to shop overseas.

    CIMB Visa Infinite Credit Card

    CIMB Visa Infinite Credit Card is ideal for those who like to dine and shop overseas. You not only earn rewards but also get access to airport lounges and enjoy dining privileges in Malaysia. Take a look at some of the benefits of the card.

    Key Benefits

    • Earn 5x Bonus Points when you shop overseas.
    • Earn 5x Bonus Points when you dine overseas.
    • Earn 1x Bonus Point for all other retail transactions.
    • Get 8x access to Plaza Premium Lounges.
    • Get complimentary travel insurance coverage of up to RM1 million when you charge the full airfare with your card.
    • Get up to 50% discount on dining in Malaysia.
    Additional Points Description
    How to Use It
    • Shop and dine overseas with your CIMB Visa Infinite Credit Card and earn Bonus Points.
    • Redeem your Bonus Points on gifts, vouchers, selected items, and air miles.
    Good about It
    • The annual fee is waived for this card.
    • You can enjoy toll rebates with the free Touch ‘n Go Zing Card, which comes along with the CIMB Visa Infinite card.
    Keep in Mind
    • You can continue enjoying access to Plaza Premium Lounges provided you make transactions of over RM100,000 per year.
    • Bonus Points are valid for a period of three years.
    • You won’t earn any Bonus Points on government-related payments, charity payments, and petrol purchases.

    Who Should Get It

    • Those who like to shop overseas.
    • Those who dine frequently.
    • Those who like to travel.

    AmBank Visa Infinite Credit Card

    AmBank Visa Infinite card offers rewards when you spend overseas. Moreover, you also get unlimited access to airport lounges and golf privileges with this card.

    Key Benefits

    • Earn 5x AmBonus Points when you use your AmBank Visa Infinite Credit Card for overseas shopping.
    • Get unlimited access to Plaza Premium Lounges at over 26 local and international airports.
    • Get complimentary travel insurance coverage of up to RM2 million with this card. It also covers travel inconveniences like luggage and flight delays.
    • Enjoy golf privileges at exclusive golf courses.
    Additional Points Description
    How to Use It
    • Use your AmBank Visa Infinite card to carry out overseas transactions to earn AmBonus Points.
    • Redeem the AmBonus Points you have accumulated with frequent flyer or travel rewards programmes (Enrich, Asia Miles, KrisFlyer, and AirAsia BIG).
    • You can also redeem your AmBonus Points on-the-spot at participating partner outlets.
    Good about It
    • The principal card and the first three supplementary cards are free for life.
    • Enjoy exclusive dining and hotel room privileges.
    • Enjoy 24-hour concierge services.
    Keep in Mind
    • You don’t earn any AmBonus Points for all local retail transactions.
    • The minimum income requirement of this card is RM120,000 p.a.

    Who Should Get It

    • Those who travel abroad frequently.
    • Those who spend overseas.

    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 Air Asia.
    • 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

    • Those who travel a lot.
    • Those who spend overseas.

    RHB Premier Visa Infinite Credit Card

    RHB Premier Visa Infinite Credit Card offers high rewards for all transactions carried out overseas. Additionally, you also get unlimited access to airport lounges in Malaysia and selected overseas locations, travel insurance, and concierge services.

    Key Benefits

    • Earn 8x Reward Points when you shop overseas.
    • Earn 3x Reward Points for local hotels, airlines, duty-free, dining, and online spends.
    • Earn 1x Reward Point for all other retail spends.
    • Enjoy unlimited access to Plaza Premium Lounges in Malaysia, Abu Dhabi, Hong Kong, London, Singapore, and Taipei. Get a discount of 20% on Plaza Premium Lounges worldwide and a discount of 25% for your accompanying guest for Plaza Premium Lounges in Malaysia.
    • Enjoy golf privileges with this card.
    • Get travel insurance coverage of up to RM2 million.
    Additional Points Description
    How to Use It
    • Use your card to shop overseas and earn Reward Points.
    • Accumulate Reward Points and redeem them on airline miles from over 40 major airlines and air flight vouchers with Firefly and AirAsia.
    • You can also redeem the points on non-flight rewards, including gift vouchers and lifestyle items.
    Good about It
    • The Reward Points are valid for life.
    • The annual fees are waived for this card.
    • Get preferential rates for major foreign currencies.
    Keep in Mind
    • The minimum credit limit of this card is 50,000.
    • You can enjoy the unlimited access to Plaza Premium Lounges, provide you make a minimum spend of RM100,000 in a year. If you spend less than RM100,000, you earn just 10x complimentary access.

    Who Should Get It

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

    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
    Citi Rewards Visa Signature Card 5x Citi Rewards points for every RM1 spent.
    Standard Chartered WorldMiles MasterCard  For every RM2 spent, get 3 WorldMiles.
    HSBC Premier Travel Credit Card 1.1 Enrich Air Miles for every RM1 spent.
    Hong Leong Sutera Platinum Mastercard 6x Rewards Points.
    CIMB Visa Infinite Credit Card

    5x Bonus Points.

    AmBank Visa Infinite Credit Card

    5x AmBonus Points.

    Alliance Bank Visa Infinite Credit Card

    5x Timeless Bonus Points

    RHB Premier Visa Infinite Credit Card 8x Reward 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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