Grab a credit card that gives you better rewards & more!

Best Credit Cards of 2018

Malaysia is gradually moving towards becoming a cashless society. With times changing, it’s important that you’re equipped with the right tools to go cashless and credit cards are just what you need for a smooth transition.

With the right credit card, you get best-in-class benefits and privileges in different categories, which include shopping, dining, travelling, and petrol among others.

These benefits are based on the amount you spend using your card. There are multiple types of credit cards based on the type, mechanism and the category they belong to. This includes rewards cards, cashback cards, petrol cards, travel cards, premium cards and Islamic cards.

These cards offer you various benefits with every purchase made using them. Let’s find out some of the top credit cards in Malaysia for these categories.

Here are the Best Credit Cards in Malaysia 2018

Updated on 12th December 2018

Best for Best Pick 1 Best Pick 2
Cashback Citi Cash Back Platinum Credit Card Hong Leong WISE Platinum Credit Card
Travel Citi Prestige Card HSBC Premier Travel Card
Dining AmBank BonusLink Visa Signature Card Hong Leong WISE Platinum Card
Rewards Hong Leong Sutera Platinum Card Citi Rewards Platinum Visa Signature/World Mastercard
Islamic Maybank Islamic World Mastercard Ikhwan Card-i HSBC Amanah MPower Visa Platinum Credit Card-i
No Annual Fee AmBank Cosway Gold Mastercard Citi Simplicity+ Card
Balance Transfer HSBC Premier World Mastercard RHB Smart Move Balance Transfer
Petrol Hong Leong WISE Gold Credit Card PETRONAS Maybank Visa Credit Card
Shopping Maybank 2 Platinum Cards Alliance You:Nique Card
Premium CIMB Visa INFINITE Credit card Maybank World Mastercard Credit Card
Best Credit Cards

Best Cashback Credit Card

Hong Leong WISE Platinum Credit Card gives you the option to choose the cashback categories of your choice. You can use this card for carrying out transactions in your preferred spend categories and earn cashback. Given below is the list of  Best cashback credit cards of 2018 in Malaysia:

Cards
Key Benefits
Additional Benefits
Annual Fee (p.a.)
Know More

Up to 10% cashback on two of your preferred categories.

Switch to another category whenever you want to.

Principal card: RM300.

Supplementary card: RM150.

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on card renewals and new card sign up.

Benefits

Earn 10% cashback on the chosen categories throughout the year.

Choose any two of the following categories – pharmacies, groceries, petrol, dining, departmental stores, bookstores, utilities, entertainment, and travel. Mobile is the default category.

Switch to another category as per your convenience.

More About the Card

How to use it:

  • Carry out transactions using your Hong Leong WISE Platinum Credit Card on your preferred categories to earn cashback.
  • Meet the minimum spend criterion to earn cashback on the chosen categories.

Good about It:

  • Select up to 2 categories to earn cashback on your spend.
  • The transactions carried out on supplementary cards are considered for calculating cashback.
  • You have the option to choose the categories in which you make the most purchases.
  • Earn up to RM100 in a month.

Keep in Mind:

  • You need to spend a minimum of RM2,000 to be eligible to earn cashback.
  • The cashback you earn is capped at RM100 per month.
  • When you switch to another category, you will be charged RM10 per category.
  • The minimum income requirement of this card is RM60,000 p.a.

Who Should Get It

  • Those who use their card for carrying out retail purchases.

Illustration

To understand how this card works, let’s assume you have selected groceries and dining as your preferred cashback categories. Consider you have used the card to spend RM3,000. The below table explains your monthly transactions in detail.

Expense Category Amount Spent Eligible Cashback Percentage Cashback Earned Total Cashback Earned
Dining RM1,000 10% RM100 RM100
Groceries RM1,500 10% RM150
Mobile RM500 10% RM50

You will be eligible to earn cashback as your monthly spend has exceeded RM2,000. The total cashback earned in this example would actually be RM300. However, this card comes with a cap of RM100 per month. So you earn cashback of RM100 in this instance.

Best Credit Card For Frequent Travellers

Citi Prestige Card offers rewards for overseas spends and many travel-related privileges. You get travel insurance coverage, complimentary airport lounge access, and exclusive access to events.

Cards
Key Benefits
Additional Benefits
Annual Fee (p.a.)
Know more

2x Citi Rewards points for every RM1 spent overseas.

1x Citi Rewards points for every RM1 spent locally.

Unlimited complimentary global lounge access.

Travel insurance coverage of up to RM1 million.

Principal card: RM1,000.

Supplementary card: Waived for life.

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the cards.

Benefits

Earn 2 Citi Rewards points for the equivalent of RM1 spent in foreign currency.

Earn 1 Citi Rewards point for every RM1 spent locally.

Get complimentary travel insurance coverage of up to USD1 million when you purchase your ticket solely using your card.

Enjoy relationship bonus points on your annual spend. Earn double the points if you are a Citigold member.

Get unlimited complimentary access to airport lounges across the world.

Get a free night stay at a hotel of your choice with a minimum 4-consecutive-night stay.

Enjoy a free ride to your destination from KLIA.

Get free Wi-Fi access at over 1 million hotspots worldwide.

Enjoy concierge services.

Use this card to get access to Citi Prestige Priority Line.

Get access to events and offers.

More About the Card

How to use it:

  • Swipe your card for local and overseas transactions to earn Citi Rewards points.
  • Redeem your earned points for exclusive merchandise or convert them into air miles.

Good about It:

  • You get 250,000 Citi Rewards points when you apply for this card.
  • The card doesn’t have any cash advance fee, over-limit fee, or late payment fee.
  • Fuel purchases are eligible for earning reward points.
  • The Citi Rewards points are valid for life and there is no limit to earn reward points.

Keep in Mind:

  • To enjoy the free night stay, you need to book your hotel via Citi Prestige Concierge.
  • To enjoy the free airport transfer from KLIA, you need to swipe your card thrice overseas.
  • The free Wi-Fi access is valid until 31 December 2018.

Who Should Get It

  • Those who travel overseas frequently.
  • Those who use their card to buy flight tickets.

Illustration

To understand the working mechanism of Citi Prestige Card, let’s consider you have a monthly spend of RM2,500. Assume this includes RM1,000 for local purchases and the equivalent of RM1,500 through foreign currency spend. The following table explains how the rewards are calculated.

Type of Transaction Amount Spent Citi Rewards points Awarded Citi Rewards points Calculation Total Citi Rewards points Earned
Local Purchases RM1,000 1 Citi Rewards point RM1000 x 1 Citi Rewards point 4,000 Citi Rewards points.
Overseas/foreign currency purchases RM1,500 2 Citi Rewards points RM1,500 x 2 Citi Rewards points

From the above table, it is clear that when you carry out transactions worth RM2,500 in a month, you earn 4,000 Citi Rewards points. If you are a new cardholder, you also get additional 250,000 Citi Rewards points. So the total points you can accumulate on the card is 254,000 Citi Rewards points! You can redeem the accumulated Citi Rewards points on a range of lifestyle products, gift vouchers, and air miles.

Best Credit Card For Dining

If you like to dine out frequently, AmBank BonusLink Visa Signature Card is ideal for you. You earn high rewards for dining and other selected spends. Moreover, you can earn 2 sets of reward points for transactions carried out at any BonusLink partner outlets!. Listed below are top best dining card in Malaysia.

Cards
Key Benefits
Additional Benefits
Annual Fee (p.a.)
Know More

10x BonusLink Points for the dining category.

6 BonusLink Points for every RM10 spent overseas.

Get 3 BonusLink Points for every RM10 spent locally.

Principal card: RM550.

Supplementary card: RM300.

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the cards.

Benefits

Get 10x BonusLink Points for dining, groceries, entertainment, petrol purchases at Shell Petrol, purchases at Parkson, and online transactions.

Get 6 BonusLink Points for every RM10 spent on overseas retail transactions.

Get 3 BonusLink Points for every RM10 spent on local retail transactions.

Earn 2 sets of BonusLink Points when you carry out a single transaction at any BonusLink partner outlets.

Get complimentary 5x Plaza Premium Lounge access to participating airports.

Stay protected with free travel insurance coverage of up to RM2 million.

Use the Excess Limit Service facility and spend more than your card’s available credit limit.

Enjoy golfing privileges with this card.

More About the Card

How to use it:

  • Swipe your card for retail transactions and when you dine out to earn BonusLink Points.
  • Redeem the BonusLink Points on-the-spot at selected local outlets.
  • You can also redeem BonusLink Points for cash (5,700 BonusLink Points = RM50).

Good about It:

  • The annual fee of the card is waived for the first 2 years.
  • Your companion can also enjoy discounts on airport lounge access. (25% discount on local airport lounges and 20% discount on international airport lounges).
  • You can earn unlimited cash credit.

Keep in Mind:

  • The minimum annual income requirement of this card is RM80,000 p.a.
  • The BonusLink Points you earn are valid for only three years.
  • You need to swipe your card at least 12 times a year to enjoy the annual fee waiver for the following year onwards.

Who Should Get It

  • Those who like to dine out frequently.
  • Those who use their card for fuel purchases.
  • Those who shop at Parkson.

Illustration

To understand how AmBank BonusLink Visa Signature Card works, let’s assume you have used the card for a total monthly spend of RM5,000. The table below explains the breakup of the spends:

Type of Transaction Amount Spent BonusLink Points Earned Total BonusLink Points Earned
Local Dining RM700 21,000 BonusLink Points 126,390 BonusLink Points
Overseas Dining RM1,000 30,000 BonusLink Points
Grocery Spends RM1,300 39,000 BonusLink Points
Entertainment RM500 15,000 BonusLink Points
Parkson Spends RM500 15,000 BonusLink Points
Fuel Purchases RM200 6,000 BonusLink Points
Local Retail Spends RM300 90 BonusLink Points
Overseas Retail Spends RM500 300 BonusLink Points

When you use your card for a total monthly spend of RM5,000, you earn 126,390 BonusLink Points! You can redeem the earned points on-the-spot at over 1,100 participating merchant outlets in Malaysia. You can also use this card for redeeming cash credit. You can utilise 125,400 BonusLink Points out of your earned points to redeem RM1100. Keep accumulating your points to earn more cash credit. Or you could even redeem the remaining amount on lifestyle items and gift vouchers. You can also make use of this card for exclusive promotions on dining.

Best Credit Card To Earn Reward Points

Use your Hong Leong Sutera Mastercard and enjoy high rewards for all-day dining spends, overseas purchases, and weekend spends. This card also offers airport lounge access and travel insurance coverage. The best rewards cards for the year 2018 are contained in the table below:

Cards
Key Benefits
Additional Benefits
Annual Fee (p.a.)
Know More

6x Rewards Points for overseas spends.

3x Rewards Points for local weekend spends and all day dining.

1x Rewards Point for all other retail spends.

Travel insurance coverage of up to RM1.7 million.

Principal card: RM400.

Supplementary card: RM200.

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the cards.

Benefits

Earn 6x Reward Points when you use your card for overseas transactions.

Earn 3x Reward Points for dining and weekend spends.

Earn 1x Reward Point for all other retail purchases.

Enjoy complimentary access to Plaza Premium lounges in KLIA and KLIA2.

Get complimentary travel insurance coverage of up to RM1.7 million.

More About the Card

How to use it:

  • Use your Hong Leong Sutera Platinum Mastercard for retail spends and dining to earn Reward Points.
  • Redeem the earned Reward Points on a range of exclusive items, vouchers, and air miles.

Good about It:

  • Get high rewards when you use the card for shopping overseas.
  • This card offers round-the-clock concierge services.
  • Existing cardholders can enjoy the balance transfer programme at a lower rate of interest during their birthday month.

Keep in Mind:

  • To be eligible for this card, you must earn at least RM60,000 p.a.
  • You won't earn any Reward Points for JomPAY-related transactions and government payments.
  • The annual fee is waived for the first year, provided you swipe the card within 45 days from the card issuance date.
  • To continue enjoying the annual fee waiver for the following years, you need to make a minimum spend of RM15,000.

Who Should Get It

  • Those who use their card for shopping overseas.

Illustration

Consider you have used your Hong Leong Sutera Platinum Card for a total monthly spend of RM3,000. The following table explains the break-up of the expenses.

Type of Transaction Amount Spent Reward Points Awarded Reward Points Calculation otal Reward Points Earned
Local Purchases RM1,000 1x RM1,000 x 1x Reward Point = 1,000 Reward Points 10,000 Reward Points
Overseas Purchases RM1,000 6x RM1,000 x 6x Reward Points = 6,000 Reward Points
Weekend Spends RM500 3x RM500 x 3x Reward Points = 1,500 Reward Points
All Day Dining RM500 3x RM500 x 3x Reward Points = 1,500 Reward Points

Best Islamic Credit Cards

Maybank Islamic World Mastercard Ikhwan Card-I offers reward points when you use it for local and overseas transactions. The card also comes with travel takaful coverage, airport lounge access, and many other travel-related perks.

Cards
Key Benefits
Additional Benefits
Annual Fee (p.a.)
Know More

Earn 5x TreatsPoints for every RM2 spent locally.

Takaful coverage of up to RM2 million.

Principal card: RM800.

Supplementary card: Waived for the first four cards.

RM400 will be charged for the fifth card onwards.

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the cards.

Benefits

Earn 5x TreatsPoints for every RM2 spent on local retail purchases.

Earn 5x TreatsPoints for every RM1 spent on overseas retail purchases.

Earn 1 TreatsPoints on petrol, utilities, insurance, and EzyPay transactions.

Get a Muslim-friendly travel package to South Africa and Mauritius inclusive of all expenses.

Enjoy free access to Plaza Premium Lounges in Malaysia and across the world.

Enjoy complimentary travel takaful coverage of up to RM2 million for you and your family.

Get up to 50% discounts when you dine at participating SPG Hotels & Resorts.

Enjoy golf privileges in participating golf courses in Malaysia and across the world.

0.2% of your cross border purchase value will be donated to Waqaf & Zakat.

More About the Card

How to use it:

  • Swipe your Maybank Islamic World Mastercard Ikhwan Card-i for local and overseas retail transactions to earn reward points.
  • Redeem your TreatsPoints with the frequent flyer programme of Malaysia Airlines (6,360 Treats AirMiles = 1,000 Enrich Miles/KrisFlyer Miles/Asia Miles).

Good about It:

  • Earn 10,000 TreatsPoints when you carry out your first transaction using the card.
  • You earn high rewards when you carry out transactions using this card.
  • The annual fee for the principal card waived for the first year.
  • The annual fee waived for the first 4 supplementary cards are free for life.

Keep in Mind:

  • The minimum income requirement of this card is RM100,000 p.a.
  • To continue enjoying the annual fee waiver, you need to spend a minimum of RM50,000 per year.
  • You don’t earn any TreatsPoints on government-related transactions.
  • You are eligible for travel takaful only when you use your card to book international flight tickets.
  • You can get 5 complimentary accesses to Plaza Premium Lounges for is valid until 31 December 2018.

Who Should Get It

  • Those who travel overseas frequently.

Illustration

To understand how you can benefit from Maybank Islamic World Mastercard Ikhwan Card-I, let’s assume you have used the card to carry out transactions worth RM3,000. The following table explains the type of transactions and the reward points calculation.

Type of Transaction Amount Spent TreatsPoints Earned TreatsPoints Calculation Total TreatsPoints Earned
Overseas Shopping RM1,000 5 TreatsPoints RM1,000 x 5 TreatsPoints = 5,000 TreatsPoints 11,000 TreatsPoints
Local Retail Purchases RM1,000 5 TreatsPoints RM1,000 x 5 TreatsPoints = 5,000 TreatsPoints
Insurance Premium Payments RM500 1 TreatsPoint RM500 x 1 TreatsPoint = 500 TreatsPoint
Fuel Purchases RM500 1 TreatsPoint RM500 x 1 TreatsPoint = 500 TreatsPoint

With a monthly spend of RM3,000, you earn 11,000 TreatsPoints. These points can be used to redeem frequent flyer programmes of Malaysia Airlines (Enrich Miles), Singapore Airlines (KrisFlyer Miles, and Cathay Pacific (Asia Miles).

Best No Annual Fee Credit Cards

AmBank Cosway Gold Mastercard is ideal for those who shop frequently at Cosway stores. This card is free for life for both the principal and the supplementary cardholders, with no conditions attached. You can get travel insurance and also exceed the card’s credit limit. Here are the best cards with no annual fee:

Cards
Key Benefits
Additional Benefits
Annual Fee (p.a.)
Know More

3x Cosway Points for spends at over 850 Cosway stores.

1 Cosway Point for retail transactions.

Travel insurance coverage of up to RM1 million.

Principal card: Waived for life.

Supplementary card: Waived for life.

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the cards.

Benefits

Get 3x Cosway Points for all transactions carried out at 850 Cosway stores, Cosway Pharmacies, and Country Farm Organic Stores.

Get 1 Cosway Point for all local and overseas retail purchases.

Stay protected with travel insurance coverage of up to RM1 million. The insurance covers luggage loss, flight delays, and other travel inconveniences.

Spend more than the available credit limit of your card using the Excess Limit Service facility.

Make your monthly payments on time using the card’s AutoBillPay facility.

More About the Card

How to use it:

  • Swipe your card at any of the Cosway stores and for other retail transaction’s to earn Cosway Points.
  • Redeem the earned Cosway Points on-the-spot at Cosway stores when you visit the next time.

Good about It:

  • The minimum annual income requirement of this card is just RM24,000 p.a.
  • If you are a new cardholder, you can apply for the 0% balance transfer plan.

Keep in Mind:

  • You won’t earn any Cosway Points for charity payments and government-related payments.
  • You can only redeem the Cosway Points you earn at Cosway stores.

Who Should Get It

  • Those who shop at any of the Cosway stores.

Illustration

Consider you have used your AmBank Cosway Gold Mastercard for a total monthly spend of RM4,000. The spends include RM1,000 for purchases made at Cosway stores, RM1,000 for spends made at Cosway Pharmacies, RM500 for other local spends, and RM1,500 for overseas spends.

Type of Transaction Amount Spent Rewards Calculation Rewards Earned Total Cosway Points accumulated
Purchases Made at Cosway Stores RM1,000 RM1,000 x 3x Cosway Points 3,000 Cosway Points 8,000 Cosway Points
Purchases Made at Cosway Pharmacies RM1,000 RM1,000 x 1 Cosway Point 3,000 Cosway Points
Local Retail Purchases RM500 RM500 x 1 Cosway Point 500 Cosway Points
Overseas Retail Purchases RM1,500 RM1,500 x 1 Cosway Point 1,500 Cosway Points

When you spend RM4,000 a month, you earn 8,000 Cosway Points. You can accumulate the Cosway Points and redeem them on-the-spot at Cosway Stores, Cosway Pharmacies, and Country Farm Organic Stores.

Best Balance Transfer Credit Card

HSBC Premier World Mastercard offers balance transfer plans from 0% interest p.a. You can also use this card for carrying out retail transactions to earn high rewards. What’s more, the fees for both the principal and supplementary cardholders are waived for life.

Cards
Key Benefits
Additional Benefits
Annual Fee
Know More

The balance transfer rates start from 0% interest p.a. for 6 months.

10x Reward Points for booking hotel rooms and for dining overseas.

8x Reward Points for spends at Mid Valley Megamall and the Gardens Mall.

Complimentary access to Plaza Premium Lounges of participating airports.

Principal card: Waived for life.

Supplementary card: Waived for life.

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the cards.

Benefits

Earn 10x Reward Points for overseas hotel room and dining spends.

Earn 8x Reward Points when you shop at Mid Valley Megamall and The Gardens Mall.

Earn 5x Reward Points for flight ticket purchases as well as for local hotel room and dining expenses

Earn 5x Reward Points for transactions carried out at selected local malls.

Earn 1x Reward Points on all other spends.

Enjoy unlimited WiFi at over 1 million Boingo hotspots located all over the world.

Get complimentary access to Plaza Premium Lounges of selected airports.

The balance transfer rates start from 0% onwards.

More About the Card

How to use it:

  • Use your HSBC Premier World Mastercard for carrying out transactions to earn Reward Points.
  • Transfer the outstanding debt of your card to your HSBC Premier World Mastercard using the card’s balance transfer programme.

Good about It:

  • Get high reward points various transactions.
  • Enjoy discounts and offers as a part of the HSBC Smart Privileges Programme.

Keep in Mind:

  • The 0% balance transfer plan comes with a 3% upfront fee.
  • This card is open for HSBC Premier account holders. You need a minimum relationship balance of RM200,000 with HSBC to get this card.
  • The 10x Rewards Points come with a cap of RM20,000 per month.
  • The 5x and 8x Rewards Points come with a cap of RM9,000 per month

Who Should Get It

  • Those who use their card for shopping.
  • Those who like to dine overseas.

Illustration

To understand how the HSBC Credit Card Balance Transfer programme works, take a look at the below table:

Repayment Tenure Minimum Balance Transfer Amount Maximum Balance Transfer Amount Rate of Interest
6 Months RM1,000 75% of the credit limit, after deducting the amount already spent. 3% upfront interest (one-time payment).
6 Months RM1,000 75% of the credit limit, after deducting the amount already spent. 4.99% p.a.
12 Months RM1,000 75% of the credit limit, after deducting the amount already spent. 6.99% p.a.
6 Months (for new users only) RM1,000 75% of the credit limit, after deducting the amount already spent. 1.99% p.a.

The normal retail finance charges are at 18% p.a. If you are a new user, you can save this by applying for the 6-month balance transfer plan. Existing customers can opt for either the 6-month or the 12-month plan. No matter what plan you choose, you need to pay an upfront fee. For all the plans, the maximum transfer amount is 75% of the credit limit.

To sum things up, these are some of the best credit cards in Malaysia for a wide range of spending categories. So, if you’re looking to get a new credit card and need the best one that suits your lifestyle and spending habits, this up-to-date list will surely help you.

It would also help if you compare your options and see which card suits you the best.

Best Credit Card For Your Petrol Purchases

Hong Leong WISE Gold Credit Card offers high cashback when you use it for carrying out transactions in your selected categories. You have the option to choose any two out of ten categories to enjoy cashback. Let’s look at the best petrol cards available in 2018 for your everyday petrol needs:

Cards
Key Benefits
Additional Benefits
Annual Fee (p.a.)
Know More

10% cashback at automated fuel dispensers at all petrol stations

Switch to another category whenever you want to.

Principal card: RM250.

Supplementary card: RM80.

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the cards.

Benefits

Earn 10% cashback on the selected spend categories (pharmacies, groceries, petrol, dining, departmental stores, bookstores, utilities, entertainment, travel, and mobile).

The mobile category is the default category offered by the bank. You can choose any two apart from the mobile category.

Enjoy the flexibility to change the categories whenever you want to.

More About the Card

How to use it:

  • Use the Hong Leong WISE Gold Card for carrying out transactions in your selected categories to enjoy 10% cashback.
  • Enjoy 10% cashback by default on mobile payments.

Good about It:

  • You can choose the categories in which you carry out maximum transactions. This helps you to get more cashback and save more.
  • Change the categories as per your changing lifestyle.
  • You can earn high returns of up to RM100 in one month.
  • The minimum income requirement of this card is just RM24,000 p.a.

Keep in Mind:

  • When you enrol for the petrol category, you are eligible to earn cashback for transactions made only at automated fuel dispensers at any petrol stations. You won’t get any cashback for food and drinks and other purchases made at the petrol station's cashier counter.
  • The 10% cashback offer is applicable only when you spend RM2,000 on retail transactions in a month.
  • You will be charged RM10 when you change the cashback categories.
  • The earned cashback is capped to RM100 in one month.

Who Should Get It

  • Those who use their card for fuel purchases.

Illustration

To understand the working mechanism of Hong Leong WISE Gold Card, let’s take the following example. Consider your selected spends are petrol and dining, apart from the default category (mobile). Let’s say you have spent a total amount of RM2,000 in a month. The following table explains how much cashback you can earn.

Expense Category Amount Spent Eligible Cashback Percentage Cashback Earned Total Cashback Earned
Mobile Bill Payments RM500 10% RM50 RM100
Petrol Purchases RM500 10% RM50
Dining Spends RM1,000 10% RM100

Since you have carried out transactions worth RM2,000, you will be eligible to earn cashback. The cashback for RM2,000 in this example will be RM400 . However, you can only earn cashback worth RM100 in a month. So you only get RM100 as cashback for this particular month.

Best Shopping Credit Card

Maybank 2 Platinum Cards offers two credit cards – Maybank 2 American Express Card and Maybank 2 Mastercard/Visa Card. Each card offers an array of benefits including rewards for retail purchases and cashback for weekend spends. Lets take a look at the best shopping cards in Malaysia for the year 2018:

Cards
Key Benefits
Additional Benefits
Annual Fee (p.a.)
Know More

5x TreatsPoints for transactions carried on Maybank 2 American Express Card.

1x TreatsPoint for transactions carried on Maybank 2 Mastercard/Visa Card.

5% cashback for weekend purchases made using Maybank 2 American Express Card.

Travel insurance coverage of up to RM1 million.

Principal card: Waived for life.

Supplementary card: Waived for life.

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the cards.

Benefits

Earn 5x TreatsPoints when you use your Maybank 2 American Express Card to carry out retail transactions.

Earn 5x TreatsPoints for petrol transactions.

Earn 1x TreatsPoint when you use your Maybank 2 Mastercard/Visa Card for retail purchases.

Earn 1x TreatsPoint for insurance payments, utility bill payment, and payment made at education institutions.

Earn 5% cashback when you use your Maybank 2 American Express Card for weekend spends.

Enjoy dining discounts from selected SPG Hotels & Resorts in Malaysia (50% discount for 2 diners and 40% discount for 3 to 10 diners).

Stay protected with travel insurance coverage of up to RM1 million, which also covers travel inconveniences.

More About the Card

How to use it:

  • Swipe your Maybank 2 Platinum Cards for retail transactions to get TreatsPoints.
  • Redeem your TreatsPoints on gift vouchers, Enrich Miles, and a range of products.

Good about It:

  • Both the cards offer different benefits.
  • You get both cashback and TreatsPoints when you shop using your Maybank 2 American Express Card every weekend.

Keep in Mind:

  • The 5% weekend cashback is capped at RM50 per cardholder per month.
  • The 5x TreatsPoints for petrol purchases are capped at RM500.
  • You only earn 1x TreatsPoints for every RM1 spent on petrol purchases above RM500.
  • The minimum annual income requirement of this card is RM60,000 p.a.

Who Should Get It

  • Those who use their card for petrol transactions.
  • Those who use their card for local and overseas transactions.

Illustration

Let’s assume you have used your Maybank 2 Platinum Cards for a total monthly expenditure of RM3,500. The following table explains the amount spent on the transactions, how the rewards and cashback are calculated, and how much you will earn.

Type of Transaction Amount Spent Rewards/Cashback Earned Rewards/Cashback Total Rewards/Cashback Earned
Local Purchases (using Maybank 2 American Express Card) RM1,000 5x TreatsPoints RM1,000 x 5x TreatsPoints = 5,000 TreatsPoints 8,500 TreatsPoints and RM50 cashback
Petrol Purchases RM500 5x TreatsPoints RM500 x 5x TreatsPoints =  2,500 TreatsPoints
Retail Purchases (using Maybank 2 Mastercard/Visa Card) RM700 1x TreatsPoint RM700 X 1x TreatsPoint = 700 TreatsPoints
Insurance Payments RM300 1x TreatsPoint RM300 x 1x TreatsPoint = 300 TreatsPoints
Weekend Spends (using Maybank 2 American Express Card) RM1,000 5% cashback RM1,000 x 5% = RM50

With a monthly spend of RM3,500, you earn 8,500 TreatsPoints and RM50 cashback. The cashback will be credited to your account. You can redeem the TreatsPoints on gift vouchers, air miles, and a range of products.

Best Premium Credit Card

CIMB Visa INFINITE Credit card offers reward points for dining spends and all other transactions. You can use this card to book your flight tickets and get complimentary travel insurance. Moreover, you also get dining and travel deals from participating merchants.

Lets take a look at the Best Premium Credit Cards in Malaysia for the year 2018:

Cards
Key Benefits
Additional Benefits
Annual Fee (p.a.)
Know More

8x complimentary airport lounge access.

5x Bonus Points for overseas and dining transactions.

1x Bonus Points for local transactions.

Principal card: Waived for life.

Supplementary card: Waived for life.

*Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the cards.

Benefits

Get 5x Bonus Points for dining spends and overseas transactions.

Get 1x Bonus Points on all other spends with the card.

Enjoy 8x complimentary lounge access at Plaza Premium Lounges.

Get a travel insurance coverage of up to RM1 million. The insurance also covers travel inconveniences.

Get a discount of 50% on dining under the Regional Dining Privileges Programme.

Make use of the CIMB Premier Travel Desk for exclusive flight deals and travel offers.

Book a one-way premium ride between Klang Valley and KLIA/KLIA2 at a discounted price.

More About the Card

How to use it:

  • Use your CIMB Visa INFINITE Credit card for dining and retail transactions to earn Bonus Points.
  • Redeem the earned Bonus Points on lifestyle items and gift vouchers from CIMB bank’s rewards catalogue.

Good about It:

  • The annual fees for both principal and supplementary cards are waived for life, with no conditions attached.
  • You can enjoy toll rebates and faster check-outs with the complimentary Touch ‘n Go Zing card available with this card.
  • You get a lot of exclusive offers on travel and dining with this card.

Keep in Mind:

  • Only the principal cardholder can enjoy complimentary airport lounge access.
  • The dining deals are applicable to selected hotels in Malaysia, Indonesia, and Singapore.
  • To be eligible for the card, you need to earn a minimum annual income of RM120,000 p.a.
  • The airport transfer offer is valid until 31 December 2018.

Who Should Get It

  • Those who dine and travel frequently.

Illustration

To understand how CIMB Visa INFINITE Credit card works, let’s assume you have spent RM4,000 in a month. The following table explains the break-up of the spends.

Type of Transaction Amount Spent Bonus Points Awarded Bonus Points Calculation Bonus Points Earned Total Bonus Points Earned
Dining RM1,000 5x RM1,000 x 5x Bonus Points 5,000 Bonus Points 11,200 Bonus Points
Overseas RM800 5x RM800 x 5x Bonus Points 4,000 Bonus Points
Shopping RM1,200 1x RM1,200 x 1x Bonus Point 1,200 Bonus Points
Groceries RM500 1x RM500 x 1x Bonus Point 500 Bonus Points
Other RM500 1x RM500 x 1x Bonus Point 500 Bonus Points

In the above example, you can see that with a total monthly spend of RM4,000, you can earn 11,200 Bonus Points. You can redeem the accumulated Bonus Points on lifestyle items and gift vouchers from CIMB bank’s rewards catalogue.

Conclusion

These are some of the top credit cards in Malaysia pertaining to various categories. Figure out your requirements, and choose any of these cards to obtain maximum benefits on the category that you spend the most for. Also, utilise other features and privileges offered on the card to manage your finances in a better manner.

How to Choose the Best Credit Card

There are a number of credit cards available that help you with everyday purchases. You can find the perfect card for you by filtering the choices available on the basis of your lifestyle requirements. Choose your card based on the categories that you need a card for on an everyday basis. You can further filter the choices by taking a look at the fees and charges associated with the cards. Make sure that you read all the terms and conditions related to your card before opting for one.

If you are interested in checking the best cards for each specific category, check out all credit cards to compare and choose the right one.  

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