• Best Credit Cards of 2018

    bbazaar credit card offers

    Credit cards are easy and convenient to use. They help you pay your bills as well as enjoy multiple benefits and privileges. Credit cards offer rewards points, cashback, rebates, air miles, dining privileges and travel offers.

    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.

    Read through this guide to learn more about the benefits and privileges the best cards in each category offer to you.

    Here are the Best Credit Cards in Malaysia 2018

    Updated on 9th May 2018

    Best for Best Pick 1 Best Pick 2
    Cashback RHB Visa Signature Credit Card Standard Chartered Justone Platinum MasterCard
    Travel Standard Chartered WorldMiles World Mastercard OCBC Premier Voyage MasterCard
    Dining Citi Cash Back Credit Card Maybank 2 Cards Premier
    Rewards HSBC Visa Signature Maybank 2 Gold Cards
    Islamic HSBC Amanah MPower Visa Platinum Credit Card-i RHB Islamic Platinum Credit Card-i
    No Annual Fee Maybank 2 Gold Card AmBank Visa Infinite
    Balance Transfer BSN Credit Card RHB Smart Move Balance Transfer
    Petrol Shell-Citi Credit Card CIMB Petronas Platinum Credit Card
    Shopping Hong Leong WISE Card RHB Islamic Smart Value-i
    Premium HSBC Premier Travel Credit Card UOB Visa Infinite
    Best Credit Cards

    Best Cashback Credit Card

    A cashback credit card offers you cashback on your online or offline purchases. Each bank offers a different amount of cashback on its credit cards. Given below is the list ofBest cashback credit cards of 2018 in Malaysia:

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

    Earn up to 15% cash rebate on online purchases, auto bill payments, and petrol purchases

    Earn 0.2% cashback on all other retail purchases

    RM265 (Waived for the first year)

    Benefits

    Get a cash rebate up to 15% on online shopping, auto bill payment and petrol purchases.

    Earn 0.2% cashback with all other retail transactions performed on the card.

    Enjoy an annual fee waiver for the first year.

    Enjoy privileges and offers throughout the year from partnering merchants.

    More About the Card

    How to use it:

    • Shop online, pay bills via standing instructions on the card
    • purchase petrol on a daily basis using this card to get cash rebates
    • Cah Rebates will Added to your credit account on a monthly basis.

    Good about It:

    • Higher cash rebates with petrol purchases, online purchases, and auto bill payments.
    • Annual fee waiver for the first year.
    • Up to RM1,000 cashback per year.
    • Income requirement is RM24,000 p.a.

    Keep in Mind:

    • 15% cashback only for a minimum of RM2,500 every month.
    • Low cash rebate for less than RM2,500.
    • 0.2% on retail purchases except petrol, online shopping and bill payments.

    Who Should Get It

    • Customers who love to shop online.
    • Customers who travel locally on a daily basis.

    Standard Chartered JustOne Platinum MasterCard serves as one of the best options for your everyday petrol purchases, bill payments, and online shopping. The card earns you a high cash rebate on these transactions. The card offers cashback on other retail transactions.

    Best Travel Credit Card

    A travel credit card offers you privileges and benefits on your travels, both nationwide as well as overseas. The best travel credit cards for 2018 is listed below:

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

    Earn 3 WorldMiles with every RM2 spent overseas

    Earn 1 WorldMile with every RM3 spent on local retail purchase

    RM636 (Waived for the first year)

    Benefits

    Earn 3 WorldMiles with every RM2 spent on overseas purchases.

    Earn 1 WorldMile with every RM3 spent on local purchases.

    Convert WorldMiles into AirMiles of your preferred frequent flyer programme.

    Choose from AirAsia BIG, KrisFlyer, Enrich, and Asia Miles for your miles conversion.

    Get unlimited access to Plaza Premium Lounges in KLIA (Kuala Lumpur International Airport) and KLIA2.

    Get a discount up to RM80 for your airport ride back home.

    Enjoy exclusive World Mastercard offers and privileges.

    Enjoy first year annual fee waiver by charging your card for RM60,000 in the first year.

    More About the Card

    How to use it:

    • Use your Standard Chartered WorldMiles World MasterCard overseas or locally to earn WorldMiles
    • That can be redeemed to get discounts on travel and Cah Rebates will Added to your credit account on a monthly basis.

    Good about It:

    • Faster earning of AirMiles.
    • Unlimited access to Plaza Premium Lounges.
    • Exclusive offers by World Mastercard.
    • Enjoy first year annual fee waiver by charging your card for RM60,000 in the first year.

    Keep in Mind:

    • Minimum income requirement is RM90,000 p.a.
    • Annual fee is RM636.

    Who Should Get It

    • Customers who travel overseas on a regular basis.

    Standard Chartered WorldMiles World Mastercard is a suitable card to get discounted airfare and for overseas purchases. This card gives you an annual fee waiver for the first year if you charge it for more than RM60,000 in the calendar year. The card allows you to choose from 4 airline partners and helps you experience a better travel experience.

    Best Dining Credit Cards

    A dining credit card offers you discounts and privileges on your dining related purchases. Listed below are top 2 best dining cards in Malaysia.

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

    Earn a cash rebate of up to 10% on dining

    Earn cashback of up to 10% on petrol purchases, GRAB rides, and grocery purchases

    RM127.20

    Benefits

    Earn a 10% cashback on dining expenses.

    Get cash rebate of 10% on grocery, GRAB rides, and petrol purchases.

    Earn cash rebates of 0.2% for all other retail transactions.

    Earn up to RM10 in the form of cash rebate per category.

    More About the Card

    How to use it:

    • Use this card to purchase petrol, grocery, GRAB rides, and for dining
    • Earn rebates on a monthly basis.

    Good about It:

    • No cashback accumulation required.
    • Instant cashback transfer to your credit account.
    • No limit on cashback at retail purchases other than GRAB rides, dining, petrol, and grocery.
    • Annual fee is RM127.20.

    Keep in Mind:

    • Minimum spend requirement for cashback is RM1,500.
    • Maximum limit of the cashback is RM10 per category per month.

    Who Should Get It

    • Customers who use their own conveyance for local travel.
    • Customers who travel using GRAB rides.
    • Customers who eat out on a regular basis such as food bloggers.

    Citi Cash Back Card earns you a high rate of cashback on dining, petrol, groceries and GRAB rides. This card also earns you an unlimited cash rebate on all other retail transactions. This card has a low income requirement and low annual fee.

    Best Rewards Credit Cards

    A reward credit card offers you reward points on your purchases made against the card. You can collect these reward points and redeem them to get git articles, vouchers, or other discounts. 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

    Earn up to 8x Rewards Points on all overseas purchases and online purchases made using foreign currency

    Earn 5x Rewards Points with local mall spends and online purchases completed using Ringgit Malaysia

    RM636

    Benefits

    Earn 8x Rewards Points with all overseas purchases and online purchases completed using foreign currencies.

    Get 5x Rewards Points on online purchases completed using Malaysian Ringgit and purchases made at local malls.

    Earn 1x Reward Points on all other retail purchases.

    Enjoy 6 times complimentary access to Plaza Premium Lounges in Malaysia, Hong Kong, and Singapore.

    Enjoy the benefits from HSBC SmartPrivileges Programme with this card.

    Annual fee waiver for 12 swipes performed on the card.

    More About the Card

    How to use it:

    • Use your HSBC Visa Signature to pay for online shopping, shopping overseas, and local mall purchases
    • Earn Rewards Points on all transactions.

    Good about It:

    • Higher Rewards Points with overseas and online purchases.
    • Complimentary access to Premium Plaza Lounges.
    • Rewards with local mall purchases.

    Keep in Mind:

    • Minimum income requirement is RM72,000 p.a.
    • Additional Rewards Points have a cap of 30,000 per customer per month.

    Who Should Get It

    • Frequent travellers.
    • Customers who prefer shopping online.
    • Customers who shop at malls.

    HSBC Visa Signature lets you carry out transactions overseas as well as locally, and earns you high rewards points with all retail purchases. You can enjoy various travel benefits with this card including complimentary access to Plaza Premium Lounges.

    Best Islamic Credit Cards

    An Islamic credit card is a Shariah-compliant and Riba-free credit card offered by banks which like conventional credit cards, offer rebates, cashback, and reward points. The table below contains the best Islamic credit cards in Malaysia for 2018:

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

    Earn 8% cash rebates on all petrol and grocery purchases

    Get 0.2% cashback on all other retail purchases

    RM254.40

    Benefits

    Get cash rebates up to 8% for petrol and grocery purchases.

    Earn a 0.2% cashback on all other retail purchases.

    Enjoy benefits offered by Visa Privileges and SmartPrivileges Programme.

    More About the Card

    How to use it:

    • Use HSBC Amanah MPower Visa Platinum Credit Card-i to carry out retail transactions
    • Earn cash rebates.

    Good about It:

    • High rate of cash rebates with groceries and petrol purchases.
    • No limit on the 0.2% cashback on all other retail purchases.
    • Additional deals and discounts at over 2,500 outlets under SmartPrivileges Programme.

    Keep in Mind:

    • A cap of RM50 on cashback earned with groceries and petrol per month.
    • Cash rebate is limited to a minimum purchase of RM2,000 per month or more.

    Who Should Get It

    • Customers who travel locally using their own conveyance.
    • Customers who want to increase grocery related savings.

    HSBC Amanah MPower Visa Platinum Credit Card-i earns you cash rebates with petrol, groceries and other retail purchases. This card also lets you enjoy deals and discounts at partnering outlets under the SmartPrivileges Programme.

    Best No Annual Fee Credit Cards

    A No Annual Fee credit card means you do not have to pay any annual fees/charges to maintain the credit card. Here are the best cards with no annual fee:

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

    Earn up to 5x TreatsPoints with all overseas and local purchases

    Earn a cash rebate of 5% on weekend retail purchases

    Waived for life

    Benefits

    Enjoy double benefits of Maybank2 Mastercard and Maybank2 American Express Card.

    Earn up to 5x TreatsPoints on all purchases using both cards.

    Get a cash rebate of 5% on all retail purchases made during the weekend.

    Enjoy up to 50% discount on dining at SPG Hotels and Resorts.

    Enjoy an annual fee waiver for life.

    More About the Card

    How to use it:

    • Use Maybank 2 Gold Card at all retail outlets to earn TreatsPoints every day and cashback during the weekend.
    • All earned cash rebate will be transferred to your credit account on a daily basis.

    Good about It:

    • Annual fee waiver for life on both primary and supplementary card.
    • Minimum income requirement is RM30,000 p.a.
    • Benefits of two cards.

    Keep in Mind:

    • Weekend cashback is limited to RM50 per month per customer.
    • No TreatsPoints for government-related transactions.

    Who Should Get It

    • Customers who make retail purchases both overseas and locally.
    • Customers who make majority of the purchases during the weekend.

    Maybank 2 Gold Card earns you points with everyday retail purchases, and earns you cashback for all weekend purchases. With an annual fee waiver, you can earn up to RM600 per year.

    Best Balance Transfer Credit Cards

    Through balance transfer facility, you can consolidate your outstanding credit balances accumulated on other bank credit cards onto one card that offers you lower interest rates. The best cards with balance transfer facility are listed below:

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

    3 to 36 months

    RM500

    Starting from 0.3% per month

    Benefits

    No processing fee for balance transfer facility.

    Choose from a flexible range of tenures as per your preference.

    Consolidate other credit card debts into a single statement.

    Pay via convenient payment methods such as myBSN, any BSN branchs, or via BSN CDM/ATMs.

    More About the Card

    How to use it:

    • Download the application form for BSN Balance Transfer Programme and Attach a copy of the other bank credit card latest statement.
    • Submit the completed form along with the card statement to the bank via fax, mail or e-mail.

    Good about It:

    • Flexible range of tenures available.
    • Low minimum transfer requirement.
    • No processing fee.
    • Helps in debt consolidation.

    Keep in Mind:

    • Limited to primary cardholders only.

    Who Should Get It

    • Customers who want to consolidate their debts.
    • Customers who wish to save on the interest payable.

    BSN Credit Card allows you to consolidate all outstanding dues from other cards and transfer to a low-interest instalment plan. It allows you to choose a tenure according to your needs, and does not charge you any processing fee to utilise this facility.

    Best Petrol Credit Cards

    A petrol credit card helps you to earn cashback or cash rebates on your petrol purchases. 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

    Earn a cash rebate up to 8% on all petrol purchases made at Shell petrol stations

    Enjoy an annual fee waiver for the first year with 3 swipes in first 60 days

    RM195

    Benefits

    Get a cashback of 8% with everyday petrol purchases at Shell petrol stations.

    Get a credit limit up to RM450,000.

    Enjoy an annual fee waiver by just swiping the card thrice in first 60 days of approval.

    Enjoy benefits from Gold Lifestyle and Gold Healthcare.

    Minimum income requirement is RM24,000 p.a.

    Annual fee is RM206.70.

    More About the Card

    How to use it:

    • Use your Shell-Citi Credit Card at any Shell petrol station
    • Get a cashback of 8% added to your credit account.

    Good about It:

    • High cashback on petrol purchases.
    • First year annual fee waiver with 3 swipes during the first 60 days of approval.
    • 20-day interest-free period.

    Keep in Mind:

    • Cashback is limited to petrol purchases only.

    Who Should Get It

    • Customers who travel using their own conveyance.

    Shell-Citi Credit Card is a fuel specific card offered by Citibank. This card earns you rebates on petrol purchases at Shell petrol stations every day. The card has a low income requirement and low annual fee that makes it affordable.

    Best Shopping Credit Cards

    Shopping credit cards offer discounts and other perks on your shopping related expenses charged to the card. Let’s 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

    Earn 10% cashback on shopping every month

    Switch to different cashback categories any time

    RM265

    Benefits

    Earn a cash rebate of 10% on shopping expenses.

    Choose from multiple categories available according to your preference.

    Get up to RM100 in form of cashback for shopping every month.

    Switch categories any time according to your preference.

    Earn rebate on overseas and local shopping.

    Annual fee is RM265.

    More About the Card

    How to use it:

    • Use your Hong Leong WISE Card for shopping at the participating merchants outlets
    • Get cashback transferred to your account on a monthly basis when you meet the minimum spend requirement.

    Good about It:

    • High rate of cashback on shopping.
    • Rebates can be earned with local and overseas transactions.
    • Flexibility of choosing and switching to your preferred category according to your lifestyle requirement.
    • Minimum income requirement is RM24,000 p.a.

    Keep in Mind:

    • You can earn cashback only on one category at a time.
    • Minimum spend requirement to get cashback is RM2,000 per month.
    • Switching to a new category will charge you with a fee of RM10.60.

    Who Should Get It

    • Customers who wish to maximise savings on shopping.
    • Customers who wish to maximise savings on different categories of retail purchases.

    Hong Leong WISE Card allows you to decide the category of retail purchase you want to get cashback. This card gives up to 10% rebate on transactions made within your preferred category given that the minimum spending requirement is met. The card is easily affordable with a minimum income requirement of RM24,000 p.a.

    Best Premium Credit Cards

    Let’s 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

    Earn 1.1 Air Miles for every RM1 spent overseas

    Get complimentary access to over 850 airport lounges all around the world

    Visa card: No charge

    Mastercard: RM636 (Waived for the first year)

    Benefits

    Earn 1.1 Air Miles for every RM1 spent overseas.

    Enjoy access to over 850 international airport lounges.

    Get unlimited internet access with more than 1 million Wi-Fi hotspots.

    Enjoy discounts at Agoda and Expedia hotel bookings.

    Enjoy various deals and benefits from HSBC Premier SmartPrivileges.

    Get a complimentary travel insurance cover.

    Get exclusive privileges such as 24-hour hotline, and Home and Away privileges.

    More About the Card

    How to use it:

    • Use your HSBC Premier Travel Credit Card for all travel expenses including room bookings to get various discounts.
    • Use this card for overseas shopping to get a discounted airfare.

    Good about It:

    • Higher rate of Air Mile conversion.
    • Complimentary travel insurance.
    • Complimentary internet access and access to airport lounges.

    Keep in Mind:

    • Annual fee is RM636.
    • No Air Miles for local purchases.

    Who Should Get It

    • Customers who travel often.
    • Customers who require internet connection throughout their journey.

    How to Choose the Best Credit Card

    There are a number of credit cards available belonging to different categories. These categories mainly include cash rebate, rewards, travel, petrol, shopping, premium and balance transfer cards. These category cards earn you benefits and rewards specific for those categories.

    In order to find the best card that suits your lifestyle needs, analyse your spending pattern first. Check the categories that your frequently use your card for. Choose a card in that category that gives your the maximum benefits. Go through all the features and benefits of that card before you go for it. You can get the best value with such a card.

    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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