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Best Credit Cards of 2019

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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 2019

Updated on 10th February 2019

Best for Best Pick 1 Best Pick 2
Cashback Citi Cash Back Platinum Credit Card Standard Chartered JustOne Platinum Mastercard
Travel Citi Prestige Card HSBC Premier Travel Card
Dining Public Bank Quantum Mastercard Credit Card Hong Leong WISE Platinum Card
Rewards Hong Leong Sutera Platinum Card Maybank 2 Platinum Cards
Islamic MCIMB PETRONAS Platinum-i Credit Card HSBC Amanah MPower Visa Platinum Credit Card-i
No Annual Fee Standard Chartered Visa Platinum Credit Card Citi Simplicity+ Card
Balance Transfer HSBC Premier World Mastercard BSN Visa Classic Credit Card
Petrol Hong Leong WISE Gold Credit Card AmBank BonusLink Visa Platinum Credit Card
Shopping Maybank 2 Platinum Cards HSBC Visa Signature Credit Card
Premium CIMB Visa INFINITE Credit card Citi PremierMiles Visa Card
Best Credit Cards

Best Cashback Credit Card

If you are looking for a card that gives you high cashback, you can apply for Standard Chartered JustOne Platinum Mastercard. Use this card for all your fuel purchases, as well as online and retail purchases to earn up to 15% cashback.

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Up to 15% cashback for fuel purchases, online purchases, and utility bill payments.

Discounts and deals from participating partner outlets

Principal card: RM250.

Waived for the 1st year.

Supplementary card: Waived for life.

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

Benefits

  • Earn up to 15% cashback for fuel purchases, auto bill payments, and online and retail spends, depending on the total spend.
    • 15% cashback for carrying out transactions more than RM2,500.
    • 10% cashback for carrying out transactions between RM1,500 and RM2,499.99.
    • 5% cashback for carrying out transactions between RM1,000 and RM1,499.99.
    • 0.2% cashback for carrying out transactions less than RM1,000.
  • Earn 0.2% cashback on all other purchases.
  • Get discounts from GSC for movie ticket purchases made via GSC website or mobile app.
  • Get exclusive discounts from selected merchant outlets in Malaysia and across Asia.

More About the Card

How to use it:

  • Use this card for paying your bills and for other purchases to earn cashback.
  • Use this card at selected merchant outlets and enjoy exclusive deals.

Good about It:

  • The annual fee of the card is waived for the first year.
  • To be eligible for the card, you must earn just RM36,000 p.a.

Keep in Mind:

  • The cashback earned on various spend categories comes with the following cashback cap:
    • Spends below RM1,000: RM12.
    • Spends between RM1,000 and RM1,499.99: RM12.
    • Spends between RM1,500 and RM2,499.99: RM28.
    • Spends above RM2,500: RM85.
  • You need to spend a minimum of RM20,000 if you want to continue enjoying the annual fee waiver.
  • You can make use of the GSC movie ticket offer until 28 February 2019.
  • You won’t earn any cashback for payments made to charities and government agencies.

Who Should Get It

  • Those who use their card to pay auto bills
  • Those who use their card for online shopping and fuel purchases

Illustration

Let’s take the following example to understand how Standard Chartered JustOne Platinum Mastercard works. Consider you have used your card to make purchases worth RM3,500 in the month of October and RM1,600 in the month of November. The following table explains the different categories:

Expense Category Amount Spent in the Month of October Amount Spent in the Month of November
Fuel Purchases RM500 RM200
Online Spends RM700 RM500
Auto-Bill Payment RM800 RM100
All Other Retail Spends RM1,500 RM800
Total Amount Spent RM3,500 RM1,600
Cashback Earned RM85 RM28

In the month of October, you have used your card to spend RM3,500. Since the spends are above RM2,500, you will earn a cashback of RM85. Similarly, in the case of the month of November, you will earn a cashback of RM28 as you have spent between RM1,500 and RM2,499.99. The cashback will be credited to your account every month. You can accumulate the cashback and use it for your subsequent spends.

Best Credit Card For Frequent Travellers

HSBC Visa Signature Credit Card offers a range of travel-related benefits, including high rewards for overseas purchases and free access to lounges at selected airports. Enjoy many other privileges using this card.

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8x Reward Points for all overseas retail purchases and online (foreign currency) expenses.

5x Reward Points for local online purchases and transactions carried out at local participating malls.

6x complimentary access to Plaza Premium Lounge.

Principal card: RM600

Supplementary card: RM300

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

Benefits

  • Get 1x Reward Point on overseas purchases, online spends, selected local mall purchases, and all other spends.
  • Get 7x additional Reward Points for overseas retail purchases and online (foreign currency) expenses.
  • Get 4x additional Reward Points for local online purchases and transactions carried out at local participating malls.
  • Get free airport lounge access to participating Plaza Premium Lounges in Malaysia, Singapore, and Hong Kong.
  • Enjoy a host of premium privileges from Visa.
  • Get exclusive deals and discounts at over 6,500 participating outlets in Malaysia.
  • The balance transfer plan for this card starts from 0% interest.

More About the Card

How to use it:

  • Swipe your card when you carry out local and overseas retail purchases to earn Reward Points.
  • Use your card for online shopping to earn Reward Points.
  • Redeem the accumulated Reward Points on air miles of participating airlines as well as merchandise from HSBC Bank’s product catalogue.

Good about It:

  • You get high rewards when you use this card for both retail and online spends.
  • Enjoy discounts and deals when you use the card at selected retail outlets.

Keep in Mind:

  • You need to earn a minimum of RM6,000 per month or RM72,000 annually to be eligible to apply for this card.
  • You can earn up to a maximum of 15,000 Additional Reward Points when you spend online, overseas and at selected local malls.

Who Should Get It

  • Those who use their card to shop online and at retail stores.
  • Those who are looking for a card that offers travel-related benefits.

Illustration

Let’s assume you have used your HSBC Visa Signature Credit Card to carry out transactions worth RM2,000 (RM800 for overseas spends, RM200 for online spends in foreign currency, RM500 for selected local mall spends, and RM500 for other local spends). The following table explains how the Reward Points are calculated.

Type of Transaction Amount Spent Reward Points Awarded Reward Points Calculation Additional Reward Points Earned Total Reward Points Earned
Overseas Spends RM800 1x Reward Point + 7x Additional Reward Points 1x Reward Point x RM800 = 800 7x Reward Points x RM800 = 5,600 6,400
Online Spends in Foreign Currency RM200 1x Reward Point + 7x Additional Reward Points 1x Reward Point x RM200 = 200 7 Reward Points x RM200 = 1,400 1,600
Participating Local Mall Spends RM500 1x Reward Point + 4x Additional Reward Points 1x Reward Point x RM500 = 500 4 Reward Points x RM500 = 2,000 2,500
Other Local Spends RM500 1x Reward Point 1x Reward Point x RM500 = 500 - 500

For transactions worth RM2,000, you earn 2,000 Reward Points and 9,000 additional Reward Points, which makes it a total of 11,000 Reward Points. You can earn up to a minimum of 15,000 additional Reward Points. Redeem the points on a range of merchandise from the bank’s catalogue.

Best Credit Card For Dining

Public Bank Quantum Mastercard Credit Card is ideal for those who dine out frequently. The card offers high cashback for dining as well as online spends. You also get rewards in the form of VIP Points when you use the card for any other retail purchases other than dining and online spends.

Cards
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5% cashback for dining spends.

5% cashback for online spends.<

2x VIP Points for overseas retail transactions.

1x VIP Point for local retail 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

  • Earn 5% cashback when you carry out dining transactions.
  • Earn 5% cashback when for online spends.
  • Earn 2x VIP Points when you use your card for overseas transactions apart from dining and online spends
  • Earn 1x VIP Points when you use your card for local transactions apart from dining and online spends.
  • Use Mastercard PayPass to carry out contactless transactions at any contactless-enabled POS.
  • Use your card for online shopping and all purchases worth USD200 and above will be protected.
  • Use PB Flexipay Plan to convert your monthly purchases into convenient instalments.
  • Make use of the World Help Desk for round-the-clock card assistance.

More About the Card

How to use it:

  • Swipe your PB Quantum Mastercard when you dine out or when you shop online to earn cashback.
  • Use your PB Quantum Mastercard for all spends other than dining and online purchases to earn VIP Points.
  • Redeem the earned VIP Points on a range of lifestyle items, gift vouchers, and air miles.

Good about It:

  • The annual fee for both the principal and supplementary cardholders are waived for life.
  • The balance transfer facility of this card starts from 1.5% onwards.
  • The minimum income requirement for this card is just RM36,000 p.a.
  • The card comes with a profit-free period of 20 days.
  • The purchase protection for online goods cover incomplete delivery, delivery of wrong items, non-delivery of the purchase, and damage of the delivered items.

Keep in Mind:

  • The cashback is capped at RM30 per statement cycle.
  • The maximum credit limit of the card will be two times of the cardholder's monthly income.

Who Should Get It

  • Those who use their card for dining spends.
  • Those who shop online regularly.

Illustration

Consider you are using your Public Bank Quantum Mastercard Credit Card to carry out a monthly transaction worth RM3,000. This includes RM1,000 for local dining, RM500 for online spends, RM1,000 for local retail purchases, and RM500 for overseas purchases. The following table explains how you will benefit from the card:

Type of Transaction Amount Spent Cashback Earned Reward Points Earned Total Cashback and Reward Points Earned
Local Dining RM1,000 5% x RM1,000 = RM50. - RM30 and 2,000 VIP Points
Online Spends RM500 5% x RM500 = RM25. -
Local Purchases RM1,000 - 1x VIP Point x RM1,000 = 1,000 VIP Points.
Overseas Purchases RM500 - 2x VIP Points x RM500 = 1,000 VIP Points.

When you spend RM3,000 in a month for the above purchases, you can earn both cashback and rewards. In this example, the total cashback earned is actually RM75. However, the cashback comes with a capping of RM30 per monthly statement cycle, so you will be eligible to earn just RM30. Moreover, you will earn 2,000 VIP Points for all other retail purchases. You can redeem the points by using them on items from the bank’s catalogue.

Best Credit Card To Earn Reward Points

When you opt for Maybank 2 Platinum Card, you get not one, but two credit cards – Maybank 2 American Express Card and Maybank 2 Mastercard/Visa Card. Earn high rewards and cashback when you shop using your Maybank 2 Platinum Cards.

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5x TreatsPoints for purchases made using Maybank 2 American Express Card

1x TreatsPoint for purchases made using Maybank 2 Mastercard/Visa Card.

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

Travel insurance coverage of up to RM700,000.

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 card renewals and new card sign up.

Benefits

  • Get 5x TreatsPoints when you use your Maybank 2 American Express Card for retail purchases.
  • Get 1x TreatsPoint when you use your Maybank 2 Mastercard/Visa Card for retail purchases.
  • Get 5x TreatsPoints for carrying out petrol transactions.
  • Get 1x TreatsPoint for insurance premium payments, utility bill payment, 0% EzyPay, and payment made at education institutions.
  • Get 5% cashback when you use your Maybank 2 American Express Card for weekend spends.
  • Earn up to 50% dining discounts from participating SPG Hotels & Resorts in Malaysia.
  • Get complimentary travel insurance coverage of up to RM700,000 when you charge your full air ticket with your card.

More About the Card

How to use it:

  • Use your Maybank 2 Platinum Cards for carrying out local and overseas transactions to earn TreatsPoints.
  • Redeem the accumulated TreatsPoints on gift vouchers, air miles, and a range of lifestyle products.

Good about It:

  • The annual fee of both the principal and supplementary cards are waived for life.
  • When you use your Maybank 2 American Express Card, you get both reward points and cashback.
  • The minimum annual requirement for this card is just RM60,000 p.a.
  • Both Malaysians and expatriates can apply for this card.

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.
  • For all petrol purchases above RM500, you only earn 1x TreatPoint.

Who Should Get It

  • Those who use their card for groceries and other retail purchases.
  • Those who use their card for fuel transactions.

Illustration

To understand the working mechanism of the Maybank 2 Platinum Cards, let’s take the following example. Assume you have used your Maybank 2 Platinum Cards for carrying out purchases worth RM2,500. The following table explains the break-up of the purchases.

Type of Transaction Amount Spent Rewards/Cashback Earned Rewards/Cashback Total Rewards/Cashback Earned
Local Purchases (using Maybank 2 American Express Card) RM800 5x TreatsPoints RM800 x 5x TreatsPoints = 4,000 TreatsPoints 6,000 TreatsPoints and RM25 cashback
Weekend Spends (using Maybank 2 American Express Card) RM500 5% cashback RM500 x 5% = RM25
Fuel Purchases RM200 5x TreatsPoints RM200 x 5x TreatsPoints =  1,000 TreatsPoints
Retail Purchases (using Maybank 2 Mastercard/Visa Card) RM500 1x TreatsPoint RM500 X 1x TreatsPoint = 500 TreatsPoints
Utility Bill Payments RM500 1x TreatsPoint RM500 x 1x TreatsPoint = 500 TreatsPoints

When you carry out transactions worth RM2,500 using both your Maybank 2 Platinum Cards, you earn 6,000 TreatsPoints and RM25 cashback. You can redeem the accumulated points on a range of items, gift vouchers, and air miles, depending on your preferences.

Best Islamic Credit Cards

CIMB PETRONAS Platinum-i Credit Card is a Shariah-based credit card that offers cash rebates on Petronas spends and on other retail spends. This card also offers travel Takaful coverage and deals on shopping and travel.

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7% cash rebate on Petronas spends with statement balance of RM3,000 and above.

3% cash rebate on Petronas spends with statement balance of below RM3,000.

Takaful coverage of up to RM2 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 card renewals and new card sign up.

Benefits

  • Earn a cash rebate of 7% on PETRONAS spends if your statement balance is RM3,000 and above.
  • Earn a cash rebate of 3% on PETRONAS spends if your statement balance is below RM3,000.
  • Earn a cash rebate of 0.2% when you carry out any other retail transactions.
  • Get a complimentary takaful coverage of up to RM1 million.
  • Enjoy exclusive deals and offers from participating outlets.
  • This is a secured credit card. If you are unable to provide your proof of income to apply for the card, you can place a deposit in FRIA-i with CIMB Islamic Bank of an amount equal to the credit limit granted to you.

More About the Card

How to use it:

  • Swipe your CIMB PETRONAS Platinum-i Credit Card when you carry out fuel transactions at PETRONAS or any other retail transactions.
  • Earn cash rebates depending on your statement balance.

Good about It:

  • To be eligible for the card, you must earn a minimum of RM2,000 per month (RM24,000 p.a.).
  • The travel takaful covers lost baggage, flight delays, missed flight connections, and other travel inconveniences.
  • The annual fees for the principal and supplementary cards are waived for life.
  • The cash rebate you earn on other retail purchases doesn’t come with any capping.

Keep in Mind:

  • The cash rebate you earn on PETRONAS spends is capped at RM50 per card per month.
  • You will be eligible for the complimentary takaful only if you pay the full airfare with your card.

Who Should Get It

  • Those who use their card for carrying out fuel transactions at PETRONAS.
  • Those who are looking for a Shariah-based card.
  • Those who are looking for a secured credit card.

Illustration

Let’s take the following example to understand how CIMB PETRONAS Platinum-i Credit Card works. Let’s say you have used your card for a total monthly expenditure of RM3,500. This includes RM1,000 for PETRONAS spends and RM2,500 for other retail spends.

Type of Transaction Amount Spent Cashback Percentage Earned Cash Rebates Earned Total Cash Rebates Earned
PETRONAS Spends RM1,000 7% RM50 RM55
All Other Retail Spends RM2,500 0.2% RM5

Since your monthly purchases are RM3,500, which is above RM3,000, you will be eligible for a cashback of 7%. When you spend RM1,000 on fuel purchases at PETRONAS, you get a cashback of RM70. However, PETRONAS spends come with a capping of RM50, so you only get RM50.

As far as other retail transactions are concerned, you get an unlimited cashback of 0.2%. The cashback does not come with a capping. In this example you earn a cashback of RM5, giving you total cash rebates worth RM55. The cashback will be credited to your account and you can make use of it when you carry out transactions the next time.

Best No Annual Fee Credit Cards

There are many cards issued in Malaysia that comes with no annual fees. The Standard Chartered Visa Platinum Card stands out from these cards due to the array of benefits it offers. You can earn reward points on dining as well as overseas and local spends. Moreover, you can enjoy discounts and deals from over thousands of outlets in Asia.

Cards
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5x points on dining and overseas spends.

5x points on purchases made at participating departmental store.  

1x point on all other local retail purchases.

Enjoy exclusive offers from over 4,000 outlets in Malaysia and across Asia.

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 card renewals and new card sign up.

Benefits

  • Enjoy an annual fee waiver for life.
  • Earn 5x points when you use your card for dining spends and overseas shopping.
  • Earn 5x points when you shop at participating department stores.
  • Earn 1x point when you use your card for any other local retail spends.
  • The card comes with balance transfer plans starting from 5.99% p.a.
  • Enjoy exclusive offers from over 4,000 outlets in Malaysia and across Asia.
  • Make use of the card’s FlexiPay Plus facility to convert your transactions into convenient instalments.
  • Make use of the Samsung Pay feature to make payments without any hassle.
  • Make use of the Cheque-On-Call Plus facility to get extra cash from your credit card at a low interest rate.

More About the Card

How to use it:

  • To earn reward points, swipe your Standard Chartered Visa Platinum Card when you shop overseas or at selected department stores.
  • Use your card when you dine out and for other local retail purchases to earn reward points.
  • Here are some of the items you can redeem using your points:
    • 20,000 points and above: travel pouches and other travel essentials, gift cards and vouchers, and Tupperware products
    • 50,000 points and above: lock products, bags, and home electronics.
    • 150,000 points and above: Smartphones and luggage bags.

Good about It:

  • You can easily earn reward points on both overseas and local retail purchases.
  • The minimum income required to be eligible for this card is RM36,000 p.a.
  • There is no cap on the reward points that you can earn.

Keep in Mind:

  • In order to be eligible to earn 5,000 bonus points, you need to spend a minimum of RM1,500 per month.
  • You can earn 5x bonus points only on retail purchases.

Who Should Get It

  • Those who use their credit card for daily purchases
  • Those who want to increase their monthly savings.
  • Those who use their card for overseas purchases.

Illustration

To understand the working mechanism of the Standard Chartered Visa Platinum Card, let’s take the following example. Let’s assume you have used this card to carry out transactions worth RM4,000. The following table explains the details of the transactions:

Type of Transaction Amount Spent Points Offered Points Calculation Total Points Accumulated
Dining Spends RM800 5x points 5x points x RM800 = 4,000 points 14,4000 points
Purchases Made at Selected Departmental Stores RM800 5x points 5x points x RM800 = 4,000 points
Overseas Purchases RM1,000 5x points 5x points x RM1,000 = 5,000 points
Grocery Spends RM800 1x point 1x point x RM800 = 800 points
Fuel Purchases RM600 1x point 1x point x RM600 = 600 points

By spending RM4,000 in a month, you can earn up to 14,400 points. Since you are meeting the minimum spend criteria of RM1,500, you are eligible to earn 5,000 bonus points. So the total points earned for that particular month will be a whopping 19,400 points! You can redeem the earned points on a range of items mentioned on the bank’s catalogue.

Best Balance Transfer Credit Card

The BSN Classic Credit Card comes with a lower finance charge, especially for government servants and private sector employees. You can get a free BSN Zing PLUSMiles Card with Touch ‘n Go auto-reloadable facility. The retail purchases you make can be converted into a monthly repayment programme under the BSN Instalment-Pay Plan.

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2 Happy Points when you shop overseas.

1 Happy Point when you shop locally.

The balance transfer plans start from 0.30% per month.

Enjoy finance charges as low as 11% p.a.

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 card renewals and new card sign up.

Benefits

  • Enjoy finance charges as low as 11% p.a. for government servants and 13.5% p.a. for private sector employees.
  • Make use of the BSN Balance Transfer Programme with plans starting from as low as 0.30% per month.
  • Get 2x Happy Points when you use your card for overseas retail spends.
  • Get 1x Happy Point when you use your card for local retail spends.
  • Make use of the complimentary BSN Zing PLUSMiles Card to enjoy toll rebates and faster check-outs.
  • Get complimentary travel insurance coverage of up to RM300,000 for you and your family.
  • Make use of the BSN Instalment-Pay Plan and convert your transactions into affordable monthly instalments.
  • Get cash advance from over 1 million ATMs.
  • Enjoy discounts and deals on shopping dining, and travel when you shop at selected merchant outlets.

More About the Card

How to use it:

  • Use your BSN Visa Classic Credit Card to carry out retail transactions and earn Happy Points.
  • Redeem the accumulated Happy Points from items mentioned on the bank’s redemption catalogue.
  • Transfer the outstanding balance of your credit card to BSN Visa Classic Credit Card by making use of any of the plans mentioned in the BSN Balance Transfer Programme.
  • You can apply up to 5 supplementary cards.

Good about It:

  • This is one of the few cards that comes with low finance charges.
  • The annual fee of both the principal and supplementary cards are waived for life, with no conditions attached.
  • The minimum annual income requirement of the card is just RM24,000 p.a.
  • This is a secured credit card. If you cannot submit your income documents to the bank, you can pledge your Sijil Simpanan Premium (SSP) or BSN Term Deposit.

Keep in Mind:

  • You can get the complimentary travel accident and inconvenience insurance coverage if you use your card to pay the full airfare.
  • Expatriates won’t be able to apply for this card.
  • Happy Points are valid only for a period of three years. All unused points will be forfeited.

Who Should Get It

  • Government and private sector employees who are looking for cards which come with a low interest rate.
  • Those who are looking to transfer their existing credit card’s outstanding balance to a card that comes with excellent balance transfer plans.

Illustration

Let’s first look at all the available plans under the BSN Balance Transfer Programme to understand how the card works.

Plan Name Repayment Tenure Minimum Transfer Amount Interest Rate (per month)
A 3 months RM500 0.30%
B 6 months RM1,000 0.30%
C 9 months RM1,000 0.30%
D 12 months RM1,000
  • 0% for the first six months.
  • 0.30% for the next 6 months.
E 24 months RM1,000
  • 0% for the first 12 months.
  • 0.375% for the next 12 months
F 36 months RM2,000 0.375%

Let’s consider you have an outstanding balance of RM2,000 on another bank’s credit card. Let’s say you want to make use of Plan E to transfer the amount. Let’s also assume that you are paying the normal finance charges of 15% p.a.

Transfer Amount Repayment Tenure Interest Rate Interest Calculation Monthly Instalment Amount Total Amount Paid
RM2,000 The first 12 months of the 24-month tenure 0% 0% RM2,000/(12 * 2 years) = RM83.3 RM999.6
The remaining 12 months of the 24-month tenure 0.375% per month (0.00375*RM1,000) = RM3.75 RM83.3 + RM3.75 = RM87.05 RM1,044.6
RM2,000 24 months 15% p.a. (0.0166*RM2,000) = RM33.2 RM83.3+ RM18.75 = RM116.5 RM2,796

The Plan E of the BSN Balance Transfer Programme comes at a tenure of 24 months. For the first 12 months you pay just 0% and for the next 12 months, you pay 0.375%. If the transfer amount is RM2,000, the total amount to be paid will be 2,044.2. Which means you will be paying an interest of RM44.2. As far as finance charges are concerned, you need to pay a total of RM2,796 for an outstanding balance of RM2,000 over a 24-month period. This means you are a paying an interest of RM796. When you opt for the balance transfer plan E, you save a total of RM751.8.

Best Credit Card For Your Petrol Purchases

The AmBank BonusLink Platinum Credit Card is a 2-in-1 card where you can get a credit card as well as a BonusLink card. You can set standing instructions on the card for automatic utility bill and insurance premium payments. The annual fee is waived for the first 2 years. For subsequent years, it can be waived upon a minimum of 12 transactions made in a single year.

Cards
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Annual Fee (p.a.)
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10x BonusLink Points for every RM10 spent on Shell Petrol.

10x BonusLink Points on grocery, entertainment, dining, online transactions, and purchases made at Parkson.

-

Principal card: RM450.

Supplementary card: RM250.

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

Benefits

  • Get 10x BonusLink Points (30 BonusLink Points) for every RM10 spent on Shell Petrol.
  • Get 10x BonusLink Points on grocery, entertainment, dining, online transactions, and purchases made at Parkson.
  • Get 6 BonusLink Points for every RM10 spent overseas and 3 BonusLink Points for every RM10 spent locally.
  • Earn 2 sets of BonusLink Points for every transaction carried out at any BonusLink partner outlets.
  • Get travel insurance coverage of up to RM1 million when you charge the air ticket with your card.
  • Make use of the AutoBillPay facility to pay your insurance premium and utility bills.
  • Use the Excess Limit Service to increase your card's assigned credit limit at a nominal fee.

More About the Card

How to use it:

  • Use your AmBank BonusLink Visa Platinum Credit Card for all fuel transactions carried out at Shell Petrol to earn BonusLink Points.
  • Use your card for grocery, entertainment, dining, online transactions, petrol purchases at Shell Petrol, and purchases made at Parkson to earn BonusLink Points.
  • Redeem your accumulated BonusLink Points on a range of lifestyle products and other items on the bank’s redemption catalogue.
  • Redeem your BonusLink Points at any of the 1,100 partner outlets in Malaysia.
  • You can also redeem 5,700 BonusLink Points for RM50 cash credit.

Good about It:

  • The annual fee of the card is waived for the first two years.
  • Make use of the card’s Easy Payment Plan and convert your purchases into interest-free transactions.

Keep in Mind:

  • To continue enjoying the annual fee waiver after the first two years, you need to swipe your card at least 12 times a year.
  • The minimum annual requirement of this card is RM48,000 p.a.

Who Should Get It

  • Those who use their card to carry out fuel transactions.
  • Those who use their card for grocery and online shopping.

Illustration

To understand how AmBank BonusLink Visa Platinum Credit Card works, let’s assume you have used the card for carrying out transactions worth RM4,000. The following table explains the break-up of the spends:

Expense Category Amount Spent Rewards Earned Rewards Calculation Total Rewards Earned
Fuel Purchases at Shell Petrol RM500 10x BonusLink Points (30 x RM500)/10 = 1,500 6,900 BonusLink Points
Online Spends RM200 10x BonusLink Points (30 x RM200)/10 = 600
Grocery Spends RM300 10x BonusLink Points (30 x RM300)/10 = 900
Purchases Made at Parkson RM1,000 10x BonusLink Points (30 x RM1,000)/10 = 3,000
Overseas Retail Spends RM1,000 6 BonusLink Points for every RM10 (3 x RM1,000)/10 = 300
Other Local Retail Spends RM1,000 3 BonusLink Points for every RM10 (6 x RM1,000)/10 = 600

When you carry out transactions worth RM4,000 in a particular month, you earn a total of 6,900 BonusLink Points. Out of the RM4,00, if you carry out fuel transactions at Shell Petrol worth RM500, you earn 1,500 BonusLink Points. With a total of 6,900 BonusLink Points, you can redeem a range of items available on the bank’s catalogue. If you are looking for cash credit, you can redeem 5,700 for RM50. You can use the remaining 1,200 points on any items on the catalogue. You can even accumulate the points and redeem cash credit the next month.

Best Shopping Credit Card

If you are looking for a shopping credit card, HSBC Visa Signature Credit Card is ideal for you. When you shop using this card, you get high rewards as well as exclusive deals on shopping and travel. What’s more, you also get airport lounge access to selected airports.

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

8x Reward Points on overseas and online (foreign currency) expenses.

5x Reward Points for online (local currency) expenses and purchases at local participating malls.

Special discounts and deals on shopping.

Principal card: RM600

Supplementary card: RM300

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

Benefits

  • Earn 8x Reward Points for all online and overseas spends carried out in foreign currency
  • Earn 5x Reward Points for all local online spends as well as for shopping at selected local malls.
  • Earn 1x Reward Point on all other spends
  • Enjoy complimentary lounge access to selected Plaza Premium Lounges in Malaysia, Hong Kong, and Singapore.
  • Enjoy special VIP treatments when you shop at over 6,500 participating outlets in Malaysia using your card.
  • Get discounts on online vouchers.

More About the Card

How to use it:

  • Use your card for retail spends, online purchases, and at participating local malls to earn Reward Points.
  • Redeem the earned Reward Points on air miles, gift vouchers, and other items from HSBC Bank’s catalogue.

Good about It:

  • Use this card at selected outlets and earn discounts and other privileges.
  • The balance transfer plan for this card starts from 0% interest.

Keep in Mind:

  • The minimum income requirement for the card is RM72,000 p.a.
  • You can earn up to a maximum of 15,000 Additional Reward Points when you spend online, overseas as well as at participating local malls.

Who Should Get It

  • Those who use their card to shop online.
  • Those who travel frequently.

Illustration

To understand how you can benefit from HSBC Visa Signature Credit Card, let’s take the following example. Let’s consider you have used your card for a total monthly expenditure of RM3,000. This includes RM900 for overseas spends, RM800 for online spends (in foreign currency), RM800 for transactions carried out at participating malls in Malaysia, and RM500 for other local retail spends.

Type of Transaction Amount Spent Reward Points Awarded Reward Points Calculation Additional Reward Points Earned Total Reward Points Earned
Overseas Spends RM900 1x Reward Point + 7x Additional Reward Points 1x Reward Point x RM900 = 900 7x Reward Points x RM900 = 6,300 7,200
Online Spends in Foreign Currency RM800 1x Reward Point + 7x Additional Reward Points 1x Reward Point x RM800 = 800 7 Reward Points x RM800 = 5,600 6,400
Selected Local Mall Spends RM800 1x Reward Point + 4x Additional Reward Points 1x Reward Point x RM800 = 800 4 Reward Points x RM800 = 3,200 4,000
Other Local Retail Spends RM500 1x Reward Point 1x Reward Point x RM500 = 500 - 500

With a total monthly expenditure of RM3,000, you can earn up to 3,000 Reward Points and 15,100 Reward Points, which makes a total of 18,100 Reward Points. Since you can only redeem additional Reward Points up to 15,000, the total Reward Points earned will be 18,000. You can use these on a range of merchandise from the bank’s catalogue.

Best Premium Credit Card

If you are looking for a premium credit card that offers an array of benefits, opt for Citi PremierMiles Visa Card. This card gives rewards for retail purchases, unlimited access to selected airport lounges, travel insurance coverage, and exclusive discounts and deals.

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

2 PremierMiles for every RM3 spent overseas and on participating online travel merchants

1 PremierMile for every RM3 spent locally.

10,000 PremierMiles when you pay the card’s annual fee.

Unlimited access to participating Plaza Premium Lounges in Malaysia.

Principal card: RM600

Supplementary card: Waived for life.

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

Benefits

  • Earn 2 PremierMiles for every RM3 spent overseas and at participating online travel merchants.
  • Earn 1 PremierMile for every RM3 spent on local retail purchases.
  • Get unlimited access to selected Plaza Premium Lounges in Malaysia. Your accompanying guests get 50% off the retail price when you pay using your card.
  • Get a free ride from KLIA when you use your card for overseas transactions at least three times.
  • Enjoy complimentary golf privileges at 30 golf clubs across Malaysia, Vietnam, Brunei, Indonesia, Singapore, Thailand, The Philippines, and Cambodia.
  • Get complimentary travel insurance coverage of RM32,000 when you use your card to buy air tickets.
  • Get overseas 24-hour personal accident coverage of up to RM300,000 and overseas medical expenses insurance worth RM50,000.
  • Get covered if you lose your baggage and personal effects while overseas and if your home is burgled when you are away.
  • Get emergency medical evacuation while overseas when you charge your air ticket with your card.
  • Get up to RM5,000 as reimbursement for compassionate visits.
  • Make your online shopping hassle-free by using the Visa checkout option.
  • Enjoy dining discounts of up to 45% when you dine at participating food outlets in Malaysia.
  • Use Samsung Pay to make contactless payments.

More About the Card

How to use it:

  • Use your card to carry out local and overseas transactions to earn PremierMiles.
  • Redeem PremierMiles on lifestyle products, air miles, and other merchandise from the bank’s rewards catalogue.
  • You can also use 30,000 PremierMiles to offset your card’s annual fee.

Good about It:

  • Earn an additional 10,000 PremierMiles every year when you pay the card’s annual fee.
  • Enjoy deals on travel, shopping, and dining with this card.
  • Enjoy privileges at over 900 luxury hotels across the world. The privileges include best available room rate, room upgrade, Wi-Fi, complimentary breakfast, and much more.
  • The PremierMiles you earn are valid for life.

Keep in Mind:

  • The minimum income requirement for this card is RM100,000 p.a.
  • You only get unlimited lounge accesses to Kuala Lumpur International Airport (KLIA1), Penang International Airport, Kuching International Airport, and Kota Kinabalu International Airport.
  • The accident coverage is only valid for 30 days.

Who Should Get It

  • Those who use their card for booking airline tickets.
  • Those who are looking for a credit card that offers a range of discounts and deals on shopping and travel.

Illustration

Let’s take the following example to understand the working mechanism of Citi PremierMiles Visa Card. Consider you have spent RM2,700 using your card. The spends include RM600 for overseas spends, RM900 for air ticket purchases, and RM1,200 for local purchases. The following table explains how much air miles you can earn.

Type of Transaction Amount Spent PremierMiles Awarded PremierMiles Earned Total PremierMiles Earned
Overseas Purchases RM600 2x PremierMiles for every RM3. 400 PremierMiles 2,200 PremierMiles
Air Ticket Purchases RM900 2x PremierMiles for every RM3. 600 PremierMiles
Local Purchases RM1,200 1x PremierMiles for every RM1 1,200 PremierMiles

With a total spend of RM2,700, you earn 2,200 PremierMiles. You can redeem the air miles on frequent flyer programmes of participating airlines as well as other items from the bank’s merchandise.

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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