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Best Credit Cards for Overseas Spending Malaysia

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.

Best Credit Cards for Overseas Spending

BBazaar's Best Credit Card for Overseas Spends of 2019

Updated on 8th February 2019

Credit Card Rewards for Overseas Transactions
Alliance Bank Visa Infinite Card 5x Timeless Bonus Points for overseas spends.
Hong Leong Sutera Platinum Card   6x Reward Points on purchases made in foreign currency.
Maybank Islamic World Mastercard Ikhwan 5 TreatsPoints for every RM1 spent overseas.
CIMB World Mastercard 2 Bonus Points for every RM1 spent on overseas retail purchases.
AmBank World Mastercard

5x AmBonus Points on your overseas transactions

BSN Platinum Credit Card

2x Happy Points on your overseas purchases.

Citi Rewards Visa Signature Card

5x Citi Rewards points for every RM1 spent overseas

RHB Premier Visa Infinite Credit Card 8x Rewards Points on your overseas retail purchases.

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Here are the Best Credit Card for Overseas Spends Malaysia 2019

Updated on 8th February 2019

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

5x Timeless Bonus Points for overseas spends.

(Rewards for Overseas Transactions)

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

(Finance Charges)

RM150,000 p.a.

(Annual Income)

6x Reward Points on purchases made in foreign currency.

(Rewards for Overseas Transactions)

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

(Finance Charges)

RM60,000 p.a.

(Annual Income)

5 TreatsPoints for every RM1 spent overseas.

(Rewards for Overseas Transactions)

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

(Finance Charges)

RM100,000 p.a.

(Annual Income)

2 Bonus Points for every RM1 spent on overseas retail purchases.

(Rewards for Overseas Transactions)

15% to 18% p.a.

(Finance Charges)

RM90,000 p.a.

(Annual Income)

5x AmBonus Points on your overseas transactions

(Rewards for Overseas Transactions)

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

(Finance Charges)

RM120,000 p.a.

(Annual Income)

2x Happy Points on your overseas purchases

(Rewards for Overseas Transactions)

Government employees: 11% to 17.5% p.a. Private sector employees 13.5% to 17.5% p.a.

(Finance Charges)

RM48,000 p.a.

(Annual Income)

5x Citi Rewards points for every RM1 spent overseas.

(Rewards for Overseas Transactions)

15% to 18% p.a.

(Finance Charges)

RM60,000 p.a.

(Annual Income)

8x Rewards Points on your overseas retail purchases.

(Rewards for Overseas Transactions)

15% to 18% p.a.

(Finance Charges)

N.A

(Annual Income)

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

Alliance Bank Visa Infinite Card

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

5x Timeless Bonus Points for overseas spends.

(Rewards for Overseas Transactions)

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

(Finance Charges)

RM150,000 p.a.

(Annual Income)

Enjoy a wide range of benefits when you travel overseas with the Alliance Bank Visa Infinite Card. Not only do you earn reward points on overseas purchases, you also get complimentary Priority Pass Membership for convenient access to airport lounges.

Key Features and Benefits of this Card

  • Earn 5x Timeless Bonus Points (TBP) on overseas retail purchases.
  • Get 2x TBP on local retail spends.
  • Get a supplementary card with this card.
  • Enjoy complimentary unlimited access to Plaza Premium Lounge in Kuala Lumpur International Airport.
  • Get complimentary travel accident coverage of up to RM2 million.
  • Enjoy round the clock Visa Infinite Concierge service.
Additional Points Description
How to Use it
  • Pay for your overseas and local purchases with the Alliance Bank Visa Infinite Card.
  • Earn TBP on all retail purchases.
  • Redeem your TBP for Enrich Miles or AirAsia BIG Points.   
Good About it
  • Timeless Bonus Points do not expire.
  • You can redeem your TBP for free flights or upgrade.  
Keep in Mind
  • Annual fee waived on your principal card if you spend RM30,000 p.a.
  • You can earn TBP only on local and overseas retail purchases.
  • Annual income requirement to be eligible for this card is RM150,000.

Who Should Get it?

  • Those who use their credit card to make overseas purchases.
  • Those who are looking for a card that allows you to redeem reward points for free flights.   

Hong Leong Sutera Platinum Card

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

6x Reward Points on purchases made in foreign currency.

(Rewards for Overseas Transactions)

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

(Finance Charges)

RM60,000 p.a.

(Annual Income)

This card offers reward points on overseas, dining, and weekend purchases. You can redeem your reward points for dining or hotel vouchers, frequent flyer miles, and offset your payment at partner outlets.  

Key Features and Benefits of this Card

  • Earn 6x Reward Points on overseas purchases.
  • Get 3x Reward Points on dining and weekend retail purchases.
  • Earn 1x Reward Points on all other purchases.
  • Annual fee waived for principal and supplementary cards when you make a purchase with each card within 45 days of issuance.
  • Redeem your Reward Points for air miles, or to offset your annual fee.
  • Enjoy complimentary access to Plaza Premium Lounges at KLIA1 and KLIA2.
  • Get automatic coverage of up to RM1.7 million for travel accident and inconvenience benefit.
Additional Points Description
How to Use it
  • Use your Hong Leong Sutera Platinum Card for overseas transactions.
  • Earn Reward Points on local and overseas purchases.
  • Redeem your Reward Points for gifts, vouchers, or air miles.
Good About it
  • Reward Points can be earned when you make purchases in foreign currencies irrespective of the location.
  • You can use your Reward Points to offset the annual fee as well as pay for purchases at selected outlets.
  • Minimum credit limit is RM12,000.
  • You can earn rewards on all retail transactions.
Keep in Mind
  • Annual income requirement to be eligible for this card is RM60,000.
  • Annual fee is waived off after the first year only if you make retail purchases worth at least RM15,000 per year.

Who Should Get it?

  • Those who use their credit card for transactions in foreign currencies.
  • Those who are looking for a card that offers travel benefits.

Maybank Islamic World Mastercard Ikhwan

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

5 TreatsPoints for every RM1 spent overseas.

(Rewards for Overseas Transactions)

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

(Finance Charges)

RM100,000 p.a.

(Annual Income)

The Maybank Islamic World Mastercard Ikhwan offers a range of benefits like reward points, discount on dining, complimentary lounge access, and more. This is a Sharia-compliant credit card.

Key Features and Benefits of this Card

  • Earn 5 TreatsPoints for every Ringgit you spend overseas.
  • Get 5 Treatspoints for every RM2 spent on local purchases.
  • Earn 10,000 TreatsPoints on your very first spend.
  • Get 5x complimentary access to Plaza Premium Lounges in Malaysia and across the world.
  • Enjoy complimentary green fees at selected gold clubs in Malaysia and across the world.
  • Earn 1x TreatsPoints on petrol purchases, and payment of utility bills, education fees, EzyPay, and insurance premiums.
  • Get a discount of up to 20% on the best available room rate at selected SPG Hotels & Resorts in Malaysia.   
  • Get complimentary travel takaful coverage of up to RM2 million.
  • Enjoy exclusive Word Mastercard privileges and offers.
  • Get spa, shopping, dining, and other offers with the Mastercard Airport Experiences.
Additional Points Description
How to Use it
  • Earn TreatsPoints when you use the Maybank Islamic World Mastercard Ikhwan to make overseas and local purchases.
  • Redeem your TreatsPoints for Enrich Miles (Enrich Miles (MAS), KrisFlyer Miles (Singapore Airlines), and Asia Miles.
  • Conversion rate is 6,360 Treats AirMiles = 1000 Enrich Miles.
Good About it
  • 0.2% of your overseas purchases will be donated to Waqaf & Zakat, a charity to help those in need.
  • Get 50% off your food when you dine with one other person and 40% off when you dine in a group of 3 to 10 at any SPG Hotels & Resorts in Malaysia.
  • Annual fee waived for the first year without any conditions.
Keep in Mind
  • After the first year, annual fee is waived on a minimum yearly spend of RM50,000.
  • No TreatsPoints are awarded on transactions made at government bodies.
  • Travel takaful coverage is applicable only when you use your card to buy flight tickets.

Who Should Get it?

  • Those who use their credit card to make overseas purchases frequently.

CIMB World Mastercard

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

2 Bonus Points for every RM1 spent on overseas retail purchases.

(Rewards for Overseas Transactions)

15% to 18% p.a.

(Finance Charges)

RM90,000 p.a.

(Annual Income)

This card offers a range of exclusive privileges. You can earn reward points on both overseas and local purchases made using this card.

Key Features and Benefits of this Card

  • Earn 2 Bonus Points for every RM1 spent on overseas retail spends.
  • Get 1 Bonus Point for every RM1 spent on local retail purchases.
  • Enjoy 4x complimentary green fees at each of the selected golf clubs.
  • Get automatic complimentary travel insurance coverage of up to RM1 million.
  • Enjoy exclusive privileges with World Mastercard.
  • Enjoy personal concierge services 24/7.
Additional Points Description
How to Use it
  • Pay for your overseas and local retail purchases with this card.
  • Earn Bonus Points on all retail spends.
  • Redeem your Bonus Points for merchandise and gifts.
Good About it
  • Annual fee waived for principal and supplementary cards without any condition.
  • Enjoy dining privileges at selected partner hotels.
  • Get exclusive discount on airport premium rides.
Keep in Mind
  • The annual income required to be eligible for this card is RM90,000.
  • Bonus Points can be earned only on retail purchases.

Who Should Get it?

  • Those who are looking for a card that offers reward points on overseas purchases as well as a range of travel benefits.

AmBank World Mastercard

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

5x AmBonus Points on your overseas transactions

(Rewards for Overseas Transactions)

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

(Finance Charges)

RM120,000 p.a.

(Annual Income)

The Ambank World Mastercard comes with a wide range of benefits for frequent flyers. So, whether it’s bonus points for overseas purchases or complimentary travel insurance, this card offers it all.

Key Benefits

  • Enjoy 5x AmBonus Points on all your overseas transactions.
  • Redeem your existing airmiles at more than 50 participating airline outlets.
  • Relax at Plaza Premium Lounge with exclusive lounge access in 26 leading local and international airports.
  • Get a discount of 25% at all Malaysian lounges.
  • Receive an additional discount of 20% for your accompanying guests at overseas lounges.
  • Get a complimentary travel insurance worth RM2 million.
  • Enjoy a discount of 25% on dining at selected Hilton Restaurants across 16 different Asia Pacific Nations.
  • Get rewards points against both your principal and supplementary card.
  • Enjoy up to 50% discount on the leading golf courses across South East Asian countries.
Additional Points Description
How to Use It
  • Use this card on your dining and retail spends across the globe.
  • Redeem exclusive airmiles on your overseas transactions with this card.
  • Convert your AmBonus points to AirMiles with the leading Frequent Flyer Travel Reward Programs.
Good About It
  • Redeem exclusive rewards with every transaction you make with the AmBank World Mastercard.
  • Earn on-the-spot rewards at the participating outlets of the bank.
  • Enjoy complimentary lounge passes for up to 2 travel companions when your flight is delayed.
  • Backed by 24 hours customer and concierge service that addresses all your queries about travel details, entertainment planning, and more.
  • Comes with e-commerce purchase protection that secures all your online purchases.
Keep in Mind
  • The airport lounge access is only applicable at participating lounges.
  • Airport lounge access upon the delay of your flight is only applicable on selected commercial flights.
  • You can only access the 25% discount on Hilton Hotels if you spend RM 30,000 or more on a single calendar year.
  • The 0% Easy Payment Plan is only accessible by users who spend at least RM500 on a single calendar year.

Who Should Get it?

  • Those who use their credit cards to book airline tickets and hotel rooms.

BSN Platinum Credit Card

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

2x Happy Points on your overseas purchases

(Rewards for Overseas Transactions)

Government employees: 11% to 17.5% p.a. Private sector employees 13.5% to 17.5% p.a.

(Finance Charges)

RM48,000 p.a.

(Annual Income)

The BSN Platinum Credit Card offers exclusive privileges on your overseas spends. The card is available at a low financing cost, and it gives you the opportunity to earn rewards points, cashback, Enrich Miles, and more on all your transactions.

Key Benefits

  • Earn up to 2x Happy Points on your overseas retail transactions.
  • Receive 2x Happy Points on local dining, golf, and travel expenses.
  • Get 1x Happy Points on all other local spends.
  • Enjoy low financing charges of 11% p.a. for government professionals, and 13.5% p.a. for private sector employees.
  • Get a complimentary BSN Zing Plus Card with your principal and supplementary card.
  • Use your Happy Points to redeem miles, gifts, and exclusive shopping vouchers.
  • Enjoy an annual fee waiver for lifetime.
Additional Points Description
How to Use It
  • Use the BSN Platinum credit card for your overseas retail and dining transactions.
  • Redeem gadgets, shopping promotions, utility items, and more with your reward points.
Good About It
  • Receive a complimentary travel insurance up to RM1 million.
  • Enjoy an interest free period for 20 days from the last statement date of your retail purchases.
  • Conveniently transfer your funds with BSN’s Balance Transfer Program.
Keep in Mind
  • The low financing rates and interest-free period is only available when you pay your outstanding dues on time.
  • The complimentary travel insurance is only applicable if you settle your entire travel fare with the BSN Platinum Credit Card.

Who Should Get it?

  • Those who use their credit cards for making overseas retail purchases.
  • Those who book airline tickets with their credit cards.

Citi Rewards Visa Signature Card

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

5x Citi Rewards points for every RM1 spent overseas.

(Rewards for Overseas Transactions)

15% to 18% p.a.

(Finance Charges)

RM60,000 p.a.

(Annual Income)

The Citi Rewards Visa Signature Card offers a wide range of rewards on your overseas retail and dining purchases. You can also enjoy complimentary access at airport lounges with this card.

Key Benefits

  • Earn 5x Citi Rewards Points for every RM1 spent on overseas transactions.
  • Get 5x Citi Rewards Points for every RM1 spent at leading departmental stores.
  • Enjoy 1x Citi Rewards Points for every RM1 spent locally.
  • Get complimentary access to the Plaza Premium Lounge at Kuala Lumpur International Airport.
  • Enjoy 50% discount on green fees at participating golf clubs.
  • Receive VIP privileges from the Visa Luxury Hotel Collection.
Additional Points Description
How to Use It
  • Use this card to earn reward points on overseas retail purchases.
  • Get reward points when you use this card at participating departmental stores.
  • Reduce your credit card balance by paying for your recent purchases with the Citi Rewards Visa Signature Card.
Good About It
  • Redeem gifts, air miles, and hotel stays with your Citi Rewards Visa Signature Card.
  • Enjoy cash advance facility from more than 500,000 Visa PLUS ATMs.
  • Get exclusive privileges at more than 24,000 establishments across the globe.
  • Receive an overseas personal accident coverage of up to RM50,000.
Keep in Mind
  • You can only redeem the points at participating retail outlets.
  • The local rewards points are only applicable for card holders who spend RM3,000 or more every year.
  • You can only earn rewards points on your overseas transactions when you spend RM24,000 annually.

Who Should Get it?

  • Those who use their credit card to book airline tickets.
  • Those who use book hotels with their credit cards.

RHB Premier Visa Infinite Credit Card

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

8x Rewards Points on your overseas retail purchases.

(Rewards for Overseas Transactions)

15% to 18% p.a.

(Finance Charges)

N.A

(Annual Income)

Enjoy rewards, rebates, and attractive cashbacks on your transactions with the RHB Premier Visa Infinite Credit Card. This card is recognized across the globe and it has affiliate banks in more than 210 countries.

Key Benefits

  • Earn 8x Rewards Points on your overseas retail transactions.
  • Get 3x Rewards Points on local dining, shopping, airline, and retail spends.
  • Enjoy 1x Rewards Points on every other retail purchase.
  • Receive a discount of 20% on participating Premium Plaza Lounges across the globe.
  • Enjoy a 25% discount on selected Premium Plaza lounges in Malaysia.
  • Get discounted golf privileges at selected locations.
  • Redeem air miles from over 40 leading airlines.
  • Get a complimentary travel insurance coverage of up to 2 million.
Additional Points Description
How to Use It
  • Use the RHB Premier Visa Infinite Credit Card on your shopping, dining, and entertainment transactions across the globe.
  • Redeem your reward points against gift vouchers, promotions, and goodies.
  • Get 1,000 Enrich Miles with 6,000 Reward Points.
Good About It
  • Earn attractive cash rebates on your overseas purchases.
  • Enjoy complete travel assistance with the RHB Premier Travel Concierge Service.
  • Pay your bills conveniently with the multiple bill payment option.
  • Reward Points are valid for lifetime.
Keep in Mind
  • You cannot use the reward points against government institutions, charities, and fuel transactions.
  • Doesn’t charge any annual fee.

Who Should Get it?

  • Those who use their credit card for booking flight tickets.
  • Those who frequently shop and dine with their credit cards.

How to Choose the Best Credit Card for Overseas Transactions?

If you’re looking to choose the right credit card for overseas transactions, compare their offerings and financing charges to make the best pick. Assess each card individually and check the number of rewards points they are offering. You should also consider other facilities like airport lounge access, deals on hotels, discounts on golf courses, and more.

Review

While each of the mentioned cards come with excellent benefits, the RHB Visa Premier Credit Card stands out with its exclusive offerings. This card offers maximum reward points on your overseas transactions, retail purchases, and dining spends both during the week and the weekend. You can redeem your rewards against gift vouchers, air miles, and more. Additionally, you can also use the on-the-spot redemption feature to redeem exclusive offers at participating stores. Your rewards points will be valid for lifetime.

Transaction Category Amount Spens Reward Points Offered Rewards Calculation eward Points Earned
Overseas purchases RM1,200 8x 8 x RM1,200 = 9,600 9,600
Dining RM400 3x 3 x RM400 = 1,200 1,200
Online Purchases RM200 3x 3 x RM200= 600 600
Other purchases RM500 1x 1 x RM500= 500 500

So, when you spend RM2,300 a month, you will earn RM11,900 reward points. You can use these points for redeeming gifts, promotional offers, vouchers, and more. However, do note that if you’re looking to redeem your points against air miles, you’ll first have to register with the frequent flyer program with your preferred airline.

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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