Student Credit Cards
There are not many credit cards in Malaysia that are designed specifically for students. The list of credit cards described below are the cards suitable for students having some form of income. You can choose one of these cards even if you have just started a job after completing your education.
Here are the Best Student Credit Cards in Malaysia 2018
Updated on 10th October
Up to 5x TreatsPoints on every RM1 spent in Malaysia and overseas.
(Rewards)RM30,000.
(Minimum Income)Waived for life.
(Annual Fee)None.
(Rewards)RM24,000.
(Minimum Income)Waived for life.
(Annual Fee)1 Bonus Point on every RM1 spent.
(Rewards)RM24,000.
(Minimum Income)Waived for life.
(Annual Fee)1 AmBonus Point when you spend every RM1.
(Rewards)RM24,000.
(Minimum Income)Waived for life.
(Annual Fee)1 Rewards Point for every RM1 spent on retail purchases.
(Rewards)RM24,000.
(Minimum Income)RM160.
(Annual Fee)Maybank 2 Gold Card
The Maybank 2 Gold Card provides you two credit cards—Maybank 2 American Express Card and Maybank 2 Mastercard/Visa card. Enjoy the benefits offered by both the cards in one sign-up.
Key Benefits
- Earn 5x TreatsPoints on every RM1 spent with the American Express card locally and overseas.
- Earn 1x TreatsPoints on every ringgit spent with the Mastercard/Visa card.
- Get 5% weekend cashback when you spend with the American Express card.
| Additional Points | Description |
|---|---|
| How to Use It |
|
| Good about It |
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| Keep in Mind |
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Who Should Get It
- Those who spend on retail purchases in Malaysia and overseas
Hong Leong Bank I’m Credit Card
The Hong Leong Bank I’m Credit Card is ideal for a person who is new to credit cards. The card does not offer any rewards for the money spent on the card. However, you can use the card to build your credit history in the initial stages of your work-life.
Key Benefits
- Get unlimited access to online and mobile banking.
- Option to personalise the card.
| Additional Points | Description |
|---|---|
| How to Use It |
|
| Good about It |
|
| Keep in Mind |
|
Who Should Get It
- Those who have an income equivalent to RM24,000 p.a.
- Those who make retail purchases .
CIMB Islamic Bank Platinum Credit Card
The card is an Islamic credit card that operates based on the Ujrah concept of the Shariah system.
Key Benefits
- Earn 1 Bonus Point on every RM1 spent on all transactions.
- Get automatic complimentary travel takaful coverage of up to RM1 million.
| Additional Points | Description |
|---|---|
| How to Use It |
|
| Good about It |
|
| Keep in Mind |
|
Who Should Get It
- Those who spend on retail purchases.
- Those who travel overseas.
AmBank Gold Credit Card
The AmBank Gold Credit Card comes with two variants—Mastercard and Visa. However, both the variants offer the same set of benefits.
Key Benefits
- Earn 1 AmBonus Point when you spend RM1 on retail purchases.
- Get a travel insurance coverage of RM500,000.
| Additional Points | Description |
|---|---|
| How to Use It |
|
| Good about It |
|
| Keep in Mind |
|
Who Should Get It
- Those who make retail purchases regularly.
Hong Leong Bank Gold Credit Card
The card has low minimum annual income requirement. So, students can sign up for the card. Read through to know more about the benefits offered by the card.
Key Benefits
- Earn 1 Rewards Point when you spend every RM1 on retail purchases.
- Get a repayment period of 6 or 12 months at 0% interest rate.
- Get a travel insurance cover of up to RM750,000.
| Additional Points | Description |
|---|---|
| How to Use It |
|
| Good about It |
|
| Keep in Mind |
|
Who Should Get It
- Those who spend on retail purchases regularly.
How to Choose the Best Student Credit Card?
You need to have some form of income if you are a student. If you are out of college and have just started working, then collect 3 months’ salary slip to apply for a credit card. Check for the annual income requirement and go ahead only if you qualify. Choose a card that offers higher rewards at low or no annual fee.
If you are interested in other types of card, check the best petrol credit cards and the best shopping credit cards
BBazaar's Best Student Credit Cards of 2018
Use this guide to compare and choose the card that is best suited to you. Make sure you read all terms and conditions pertaining to the card before opting for one. Identify your preferred spending category and budget to pick a card that will meet your financial needs. This table below will explain the categories that each individual card is ideal for. Utilize this table when comparing cards to choose the best card for yourself.
| Credit Card | Rewards |
|---|---|
| Maybank 2 Gold Card | Up to 5x TreatsPoints on every RM1 spent in Malaysia and overseas. |
| Hong Leong Bank I’m Credit Card | None. |
| CIMB Islamic Bank Platinum Credit Card | 1 Bonus Point on every RM1 spent. |
| AmBank Gold Credit Card | 1 AmBonus Point when you spend every RM1. |
| Hong Leong Bank Gold Card | 1 Rewards Point for every RM1 spent on retail purchases. |
