• Best Credit Cards to Pay Insurance Premium

    Looking to pay your monthly insurance premium? Applying for an insurance credit card not only makes insurance payments hassle-free, but also gives you cashback, rewards, and many other offers and privileges for every transaction.

    Here are the Best Credit Cards to Pay Insurance Premium in Malaysia 2018

    Updated on 1st July 2018

    Card Name
    Insurance Perks
    Benefits
    Know More

    5x reward points on insurance payments at MyEG website/counters

    1x reward points on retail transactions

    Promotional offers at theatres and orchestras

    Discounts for concert tickets

    Redeem shopping vouchers and a range of selected items

    0.3 cash rebate on monthly spend at AGIC

    No annual fee

    Cash advance withdrawal up to 100% of their credit limit

    20 days Interest-free period

    0.6% unlimited cashback on insurance payments

    0.6% unlimited cashback on retail transactions (with the first RM5,000 spent)

    1% unlimited cashback on retail transactions (for spends more than RM5,000)

    Withdraw 70% of your credit limit at a low interest rate of 10.8% p.a

    Low cash advance fee

    0% Auto-IPP on insurance payments of RM2,200 and more

    Complimentary RM100,000 insurance coverage

    MyEG-RHB Credit Card

    Earn rewards when you use the MyEG-RHB Credit Card to make your insurance payments. You can use these rewards to redeem a wide range of products and shopping vouchers. Furthermore, you will be entitled to a discount on concert tickets and special offers at theatres and orchestras.

    Key Benefits

    • Earn 5x RHB Reward points when you renew your insurance payments.
    • Get 5x RHB Reward points when you pay your road tax online.
    • Gain 5x RHB Reward points on utility bill payments.
    • Get 1x RHB Reward points on retail and online transactions, including petrol purchases.
    • Redeem RHB Reward points for shopping vouchers and lifestyle items.
    • Get 0% interest for up to three years when you shop at partnering merchants' outlets using the Smart Instalment facility.
    Additional Points Description
    How to Use It
    • Use your card at MyEG website/counters for insurance, utility bills, and tax payments to earn 5x reward points.
    • Use this card to earn 1x reward points on retail transactions.
    Good about It
    • There is no limit on rewards earning.
    • Transactions made overseas will be eligible for 1x reward points.
    Keep in Mind
    • You won’t earn reward points for government services.
    • Reward points are valid only for one year.

    Who Should Get It

    • Those who make insurance payments at MyEG website/counters.

    Promotion

    Get a discount of 12% when you shop at Go Shop using your RHB credit card. You can apply the promo code ‘RHBS12’ when you make a minimum purchase of RM300 or more. The offer is applicable for products purchased from Go Shop's online website, mobile app or Astro TV Channels 118HD, 120SD or 303HD. This is an ongoing promotion valid until 31 July 2018.

    Allianz Insurance Gold Card

    The Allianz Insurance Credit Card is specifically made for members of Allianz General Insurance Company (Malaysia) Berhad (AGIC). As an Allianz Insurance Credit Card holder, you will be entitled to cash rebates for transactions made at AGIC.

    Key Benefits

    • Earn 0.3% cash rebate with every AGIC transaction.
    • Withdraw cash up to 100% of your credit limit.
    • Enjoy interest-free transactions within a specific period – 20 days from statement date when the previous month's transactions are fully paid by the due date.
    Additional Points Description
    How to Use It
    • Use your card to make AGIC-related payments and earn cash rebates.
    Good about It
    • Enjoy an annual-fee waiver for life with your card.
    • Zero liability if you report your lost, stolen, or misplaced card right away.
    Keep in Mind
    • This card is available only for agents and employees of AGIC.
    • Minimum income requirement for this card is RM24,000 p.a.

    Who Should Get It

    • Agents and employees of AGIC.

    Promotion

    • JomPAY Nationwide Campaign 2018

    Use your Alliance Bank credit card to pay your utility bills via JomPAY, and get a chance to win the following prizes:

      • Grand Prize: MINI John Cooper MINI John Cooper Works 3 door (2 winners).
      • Consolation prizes: iPhone X 256 GB (4 winners).
      • Weekly/monthly prizes: RM50 Cashback (166 winners).

    This is an ongoing promotion valid until 30 September 2018.

    Hong Leong Essential Credit Card

    The Hong Leong Essential Credit Card offers unlimited cashback on your insurance premium payments and other retail transactions. Additionally, you can get cash advances at a low interest rate.

    Key Benefits

    • Get 1% unlimited cashback on retail transactions with a spend of RM5,000 or more.
    • Earn 0.6% unlimited cashback on retail transactions with spends of up to RM5,000.
    • Withdraw up to 70% of your credit limit at a low interest rate of 10.8% p.a.
    • Get cash instantly with a low cash advance fee of 2%.
    • Get an annual-fee waiver if you spend a minimum of RM8,000 p.a. or with at least 12 retail transactions per year.
    Additional Points Description
    How to Use It
    • Use your card for insurance transactions and enjoy unlimited cashback of 0.6%.
    • Shop using your card and enjoy up to 1% unlimited cashback – 0.6% on transactions up to RM5,000 and 1% on transactions more than RM5,000.
    Good about It
    • Unlimited cashback up to 1% for retail transactions.
    • Low cash advance fee of 2%.
    • The interest rate for advance cash is as low as 10.8%.
    Keep in Mind
    • Government services are excluded for the cashback programme.
    • In order to get an annual fee waiver, you need to make at least 12 retail transactions in a year or spend a minimum of RM8,000 for retail expenses.
    • The minimum income requirement is RM24,000 p.a.

    Who Should Get It

    • Those who use their card to pay insurance premiums.
    • Those who wish to save on retail transactions.

    Promotion

    Use your Hong Leong credit card for purchases at any of the Giant outlets and earn 20% cashback. The cashback will be credited to your account within eight weeks after the campaign period. The cashback is capped at RM60 per month for each cardholder. This is an ongoing promotional valid until 31 July 2018.

    OCBC Great Eastern Platinum Mastercard

    The OCBC Great Eastern Platinum MasterCard is created especially for applicants who hold insurance policies from GE (Great Eastern). You can charge your insurance premium to your card and it will be split into affordable instalments. In addition, when you spend RM10,000 or more for retail expenses, you will be entitled to insurance coverage renewal in the subsequent year.

    Key Benefits

    • 0% Auto-IPP (Instalment Payment Plan) for 12 months when you make insurance transactions of RM2,200 or more through Auto Debit.
    • Enjoy a range of offers and privileges through the Live Great Privileges programme.
    • No annual fees for both principal and supplementary cards.
    • Benefit from round-the-clock concierge services.
    Additional Points Description
    How to Use It
    • When you pay insurance premium of RM2,200 and more, you can benefit from 0% Auto-IPP.
    Good about It
    • Interest-free Auto-IPP for 12 months.
    • Lifetime annual-fee waiver.
    Keep in Mind
    • This card is applicable only for GE policyholders.
    • For this card, the minimum income requirement is RM24,000 p.a.

    Who Should Get It

    • GE policyholders

    Promotion

    New and existing OCBC credit card users can use the promo code ‘OCBC10’ to get 10% off when you shop at Shopee. The offer is only valid when you purchase products via the mobile app. The discount is capped at RM10 per cardholder. This is an ongoing promotion valid until 31 July 2018.

    How to Choose the Best Insurance Credit Cards

    An insurance credit card is for those who are looking for offers and privileges for insurance transactions. You will find credit cards that give you cashback, rewards, and other privileges.

    Before zeroing in on a particular credit card, be sure to check the minimum income requirement, fees and charges, and other criteria. It’s also important that you read the fine print thoroughly and check if the card’s benefits suit your needs.

    Other than Insurance Premium 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 Cards to Pay Insurance Premium

    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 Insurance Perks
    MyEG-RHB Credit Card 5x reward points on insurance payments at MyEG website/counters
    Allianz Insurance Gold Card  0.3 cash rebate on monthly spend at AGIC
    Hong Leong Essential Credit Card 0.6% unlimited cashback on insurance payments
    OCBC Great Eastern Platinum Mastercard 0% Auto-IPP on insurance payments of RM2,200 and more

    Looking for More

    Pick Up the Other Best Credit Card Category You May Like

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