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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.

Best Credit Cards to Pay Insurance Premium

BBazaar's Best Credit Cards to Pay Insurance Premium

Updated on 2nd January 2019

Credit Card Insurance Perks
Maybank 2 Gold Cards Get 1x TreatsPoints on insurance payments.
PB-AIA Visa Gold Credit Card  2% cash rebate when you pay AIA Insurance premiums
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
Maybank Visa Platinum Credit Card Earn 1x TreatsPoints on insurance transactions.
Standard Chartered JustOne Platinum Mastercard Credit Card

Get up to RM1,000 cashback a year for insurance payments.

15% cashback for spends more than RM2,500.

10% cashback for spends between RM1,500 to RM2,499.99.

5% cashback for spends between RM1,000 to RM1,499.99.

0.2% cashback for spends less than RM1,000.

BBazaar Exclusive Deals for Credit Card

Gift Card Worth RM200 from either Ikea or Lazada

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Ikea voucher worth RM500

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Here are the Best Credit Cards to Pay Insurance Premium in Malaysia 2019

Updated on 2nd January 2019

Card Name
Insurance Perks
Benefits
Annual Fee
Know More

Get 1x TreatsPoints on insurance payments.

(Insurance Perks)

Get two cards with one sign up.

Up to 5x TreatsPoints on purchases.

(Benefits)

Annual fee waived for life without any conditions.

(Annual Fee)

2% cash rebate when you pay AIA Insurance premiums

(Insurance Perks)

Unlimited Cash MegaBonus on local and international spends

(Benefits)

Principal card: No charges.

Supplementary card: No charges.

(Annual Fee)

0.6% unlimited cashback on insurance payments

(Insurance Perks)

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

(Benefits)

Principal card: RM100.

Principal card: RM100.

Supplementary card: RM50.

(Annual Fee)

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

(Insurance Perks)

Complimentary RM100,000 insurance coverage

(Benefits)

Principal card: No charges.

Supplementary card: No charges.

(Annual Fee)

Earn 1x TreatsPoints on insurance transactions.

(Insurance Perks)

1x TreatsPoints for every RM1 spent in Malaysia.

2x TreatsPoints for every RM2 spent on overseas purchases.

(Benefits)

Principal card: RM550 p.a.

Supplementary cards: RM150 p.a.

(Annual Fee)

Get up to RM1,000 cashback a year for insurance payments.

15% cashback for spends more than RM2,500.

10% cashback for spends between RM1,500 to RM2,499.99.

5% cashback for spends between RM1,000 to RM1,499.99.

0.2% cashback for spends less than RM1,000.

(Insurance Perks)

Get up to RM1,000 cashback per year for petrol payments and online and daily spends.

0.2% cash rebate on all other card spends.

(Benefits)

Principal card: RM250. Waived for the first year.

Supplementary card: No charges.

(Annual Fee)

Maybank 2 Gold Cards

Card Name
Insurance Perks
Benefits
Annual Fee
Know More

Get 1x TreatsPoints on insurance payments.

(Insurance Perks)

Get two cards with one sign up.

Up to 5x TreatsPoints on purchases.

(Benefits)

Annual fee waived for life without any conditions.

(Annual Fee)

You get two credit cards, Maybank 2 American Express Gold Card and Maybank 2 Mastercard/ Visa Gold Card with one sign up. Both the cards offer benefits like cashback and reward points on selected spend categories.

Key Benefits

  • Earn up to 1x TreatsPoints on insurance payments.
  • Get up to 5x TreatsPoints on local and overseas purchases.
  • Enjoy 5% cashback on weekend purchases.
Additional Points Description
How to Use It
  • Use your Maybank 2 American Express Gold Card or Maybank 2 Mastercard / Visa Gold Card to make purchases, including insurance payments.
  • Earn reward points on your transactions.
  • Redeem your TreatsPoints for exclusive discounts, gifts, and more.
Good about It
  • Annual fee waived for life for both the cards.
  • Annual fee waived without any conditions.
  • Minimum income required to be eligible for this card is RM30,000 p.a.
  • Earn TreatsPoints on transactions made at educational institutions and payment of utility bills.
Keep in Mind
  • Weekend cashback offer is capped at RM50 per cardholder per month.
  • The 5x TreatsPoints offer is capped at RM500 per petrol transaction.
  • No TreatsPoints are awarded for transactions made at government bodies, and payments made via JomPAY and FPX.

Who Should Get It

  • Those who use their card to make everyday purchases.

PB-AIA Visa Gold Credit Card

The Public Bank-AIA Visa Gold Credit Card is a co-branded card that provides cash rebates when you pay premiums for your AIA insurance policy. The card also provides rewards when you use the card for other transactions.

Key Benefits

  • Get 2% cash rebate on every ringgit spent on AIA insurance payment.
  • Earn Cash MegaBonus of 0.1% on local and overseas retail transactions.
Additional Points Description
How to Use It
  • Use the PB-AIA Visa Gold Credit Card to pay your insurance premiums and other retail transactions.
  • Earn cash rebates and Cash MegaBonus based on the type of transaction done with your card.
Good about It
  • Get an annual fee waiver for a lifetime.
  • The Cash MegaBonus you can earn has no maximum limit.
  • Enjoy 24-hour assistance with the bank’s Help Desk.
  • Open a Public Bank Current Account without an introducer.
  • Access the banking transactions at your fingertips with the PBe Service.
Keep in Mind
  • The cash rebate on insurance payment is capped at RM350 p.a.

Who Should Get It

  • Those who have AIA insurance policy.
  • Those who pay insurance premiums online.

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.

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

Maybank Visa Platinum Card

Card Name
Insurance Perks
Benefits
Annual Fee
Know More

Earn 1x TreatsPoints on insurance transactions.

(Insurance Perks)

1x TreatsPoints for every RM1 spent in Malaysia.

2x TreatsPoints for every RM2 spent on overseas purchases.

(Benefits)

Principal card: RM550 p.a.

Supplementary cards: RM150 p.a.

(Annual Fee)

With the Maybank Visa Platinum Card, you can rewards on all transactions. This card offers reward points on a variety of purchases, and gives you exclusive privileges like discounts, gift vouchers, and more.

Key Benefits

  • Earn 1x TreatsPoints on insurance payments.
  • Get 1x TreatsPoints on every RM1 you spend in Malayisa.
  • Every Ringgit you spend on overseas purchases, you can earn 2x TreatsPoints.
Additional Points Description
How to Use It
  • Swipe this card to make insurance transactions including payment of premiums.
  • Earn TreatsPoints on each transaction you make.
  • You can redeem your TreatsPoints for shopping vouchers, gifts, exclusive merchandise, and more.
Good about It
  • Earn 2x TreatsPoints on all purchases made during your birthday month.
  • Get automatic complimentary travel coverage of up to RM70,000.
  • Earn 1x TreatsPoints on petrol purchases and payment of utility bills.
  • Convert your big-ticket purchases into convenient 0% monthly instalments.
Keep in Mind
  • The minimum income required to be eligible for this card is RM80,000 p.a.
  • No TreatsPoints awarded for transactions made at government bodies and payments made via JomPAY.

Who Should Get It

  • Those who are looking for a card that offers rewards on payment of insurance premiums.
  • Those who use their card to make purchases regularly.

Standard Chartered JustOne Platinum Mastercard Credit Card

Card Name
Insurance Perks
Benefits
Annual Fee
Know More

Get up to RM1,000 cashback a year for insurance payments.

15% cashback for spends more than RM2,500.

10% cashback for spends between RM1,500 to RM2,499.99.

5% cashback for spends between RM1,000 to RM1,499.99.

0.2% cashback for spends less than RM1,000.

(Insurance Perks)

Get up to RM1,000 cashback per year for petrol payments and online and daily spends.

0.2% cash rebate on all other card spends.

(Benefits)

Principal card: RM250. Waived for the first year.

Supplementary card: No charges.

(Annual Fee)

Standard Chartered JustOne Platinum Mastercard Credit Card is ideal for those who pay their insurance premium and utility bills regularly. You earn cashback depending on the amount you spend.

Key Benefits

  • Enjoy more than RM1,000 cashback a year when you make insurance payments, depending on the amount you spend:
    • Get 15% cashback when you spend more than RM2,500.
    • Get 10% cashback for spends between RM1,500 and RM2,499.99.
    • Get 5% cashback for spends between RM1,000 and RM1,499.99.
    • Get 0.2% cashback when you spend less than RM1,000.
  • Get 0.2% cashback for all other credit card spends.
  • Enjoy privileges and offers from over 4,000 participating partner outlets in Malaysia and Asia.
  • Principal cardholders can enjoy an annual fee waiver for the first year.
Additional Points Description
How to Use It
  • Make insurance payments using your Standard Chartered JustOne Platinum Mastercard Credit Card and earn cashback.
  • Earn up to RM1,000 cashback per year.
Good about It
  • The minimum income requirement of this card is just RM24,000 p.a.
  • You can get up to RM1,000 cashback per year.
Keep in Mind
  • The cashback for the respective spends comes with the following cashback cap:
    • Spends below RM1,499.99: RM12.
    • Spends between RM1,500 and RM2,499.99: RM28.
    • Spends above RM2,500: RM85.

Who Should Get It

  • Those who make insurance payments regularly.
  • Those who pay utility bills.
  • Those who make petrol purchases frequently.

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. You can also take a look at the best credit cards for utility bill payment.

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.

Review

There are many cards that offers benefits on insurance payments. However, the Standard Chartered JustOne Platinum Mastercard Credit Card stands out with its cashback offer, exclusive privileges, annual fee waiver, and more. You can get up to 15% cashback on auto payment of insurance premium. This means that not only do you ensure on-time payments, you also get rewarded for doing so. You can also earn 0.2% cashback on all other transactions.

This card offers purchase protection plan to ensure safe online purchases.

Illustration

To help you make the most of this card, let us take a look at how the cashback offer works. Consider that you RM2,500 per month on your daily purchases including insurance payments.

Spend Category Amount Spent Total Amount Spent Per Month Total Cashback Earned
Insurance Payments RM700 RM2,500 RM85
Petrol Purchases RM500
Dining RM400
Utility Bill Payment RM250
Online Purchases RM650

 

Since your total expenses for the month is RM2,500 and above you get 15% cashback with a cap of RM85. Total cash rebate you earn is RM85.

Cash rebates you can earn depends on your total monthly expenses. There is a cap on the rebate you can earn on different amounts spent.

Total Monthly Retail Spend Cashback on Auto Bill Payments, and Petrol Other Categories Cap on Cashback
Below RM1,000 0.2% 0.2% RM12
RM1,000 to RM1,499.99 5% 0.2% RM12
RM1,500 to RM2,499.99 10% 0.2% RM28
RM2,500 and above 15% 0.2% RM85

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*Terms & Condition to get Gift Card Worth RM200 from Lazada or Ikea

Apply for your new credit card through BBazaar and stand a chance to win a gift voucher on approval. You can get a gift card worth RM200 from either Ikea or Lazada. The offer is valid on credit card applications made between 19 December 2018 and 31 January 2019, and applies to any of the following cards.

Alliance Bank Credit Cards Citibank Credit Cards Standard Chartered Credit Cards
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  • Alliance Bank You:nique Rewards Credit Card
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  • Citi Cash Back Card
  • Citi Clear Card
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  • Standard Chartered JustOne Platinum MasterCard
  • Standard Chartered Visa Platinum
  • Standard Chartered Platinum MasterCard Basic
 

**Terms & Condition to Win an Ikea Voucher Worth RM500

Win an Ikea voucher worth RM500 when you apply and get approval for a new credit card through BBazaar. The exclusive deal is valid from 19 December 2018 to 31 January 2019, and is applicable when you apply for any of the following credit cards.

Alliance Bank Credit Cards Citibank Credit Cards Standard Chartered Credit Cards
  • Alliance Bank Visa Infinite Credit Card
  • Alliance Bank Platinum Credit Card
  • Citi Prestige Card
  • Citi PremierMiles Visa Card
  • Citi Cash Back Platinum Card
  • Citi Rewards Visa Signature Card
  • Standard Chartered Priority Banking Visa Infinite Credit Card
  • Standard Chartered WorldMiles World MasterCard
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