Credit cards promotions in Malaysia are highly lucrative and have rewarding advantages but you need to know what they are, so that you can make the most out of them and fit them in your lifestyle. It starts from basic freebies and discounts to special privileges and along with point systems to save along with cashback offers bringing you joy and savings when you are using the plastic card. There are various offers such as welcome bonuses, complimentary upgrades, products, discounts, vouchers, gifts and more! These products often run in partnerships with well-known stores and brands.
Types of Credit Card Available Promotions & Offers in Malaysia
You can expect nothing less than an array of credit cards with privileges offered by banks in Malaysia. That come loaded with promotional offers. Enjoy promotional offers on dining, travel and shopping. Some even come with cash back and earn extra reward points.
A lot of plastic money options are available with insurance offered for free when you are traveling with credit cards. There could be offer, in the form of travel insurance or standalone free personal accident insurance and travel inconvenience cover, too. The insurance amounts vary from bank to bank.
Credit Card Cash Back Promotions
This is one of the most common promotions on credit cards giving you an opportunity purchase with your plastic money and be rewarded with cash back on your purchases. The more the amount spent, the more money you are rewarded through cashback. Although it works in the ideals of a discount you need to pay the full amount initially while later receiving the full amount and then receive a small percentage of it back. Cash back can mean two things.
These amounts earned can be withdrawn or earn credit that can be used for discounts on other purchases that is similar on the reward point system. You also get cashback offers of cards that are dedicated to provide special offers for fuel purchase.
Travel promotions are highly rewarding for frequent travellers. Banks provide travellers with great deals for their flights and even assistance to ensure smooth travels, such as travel insurance as mentioned before. Travel promotions includes winning a vacation, travel and stay deals at discounted prices, free airport lounge access, earn free flyer miles, free cab rides and the very useful 24 hour travel assistance hotline.
Promotions in Dining
For people who enjoy fine dining experience, there are highly lucrative offers through promotions through Malaysian credit cards. Banks often give out free dinners or buffet lunches to the lucky winner. Some restaurant and bank partnerships allow credit card users to enjoy rewards such as discounts on a la carte orders and buffets as well, free tastings and complimentary drinks.
Groceries & Shopping Promotions
Whether you are simply a lover of retail therapy or simply enjoy shopping promotions on shopping are available for the shopaholic damsel in you. These cards offer the basic discounts, rebates, cash back, and much more. Some lucrative promotional offers include, invitations to preview sales, preferential treatment at specific stores and brands, discounts on credit card usage and product vouchers, product winning opportunities and the usual reward points on shopping
Promotions on business cards include a variety of bonuses and rewards. These credit cards help people who use credit cards designed specifically for businesses, rather than take a personal credit card. Business credit cards have several offers when purchasing office supplies, warehouse purchases, fuel, flights, hotel stays, car rentals, telecommunication costs, and foreign transactions.
Some exclusive promotions include low annual fees or annual fee waivers, Complimentary membership to airport lounges, Bonus miles, and membership into hotels, clubs and programmes.
Credit Card Rewards
Credit card rewards are based on the type of privilege card that you choose which can be airline, travel, business, fuel shopping and lifestyle to name a few. Some awesome promotional offers include products from catalogues that include jewellery, accessories, clothing, makeup, footwear, sports gear, and more.
There are other lifestyle and utility products that can be redeemed such as services at spas and beauty parlours, Household items like crockery, cookware and utensils, electronics and appliances, Charities as well as discounts on travel and hotels. Some banks also allow you to convert into miles and cash back along with payment towards your outstanding balance.
How to avail these promotional offers
Simply holding a credit card, you avail the credit card promotional offers that come with a particular card. Different credit cards come with different promotional offers. O, you need to choose a car depending on your requirements.
Benefits of availing these promotions
A credit cardholder can enjoy the following benefits with the above-mentioned credit card promotional offers:
- They really make your life comfortable and pleasurable.
- You can choose from a huge selection of participating merchants in dining, shopping, travel, entertainment and health and fitness.
- You can money by using the 0% interest instalment plans offered by various credit cards.
- You can get cashback on your spends which is another addition to your savings.
- You can enjoy a host of travel benefits including free travel insurance, complimentary hotel room upgrade, free air tickets etc. and save a lot.
- These cards come with a lot of reward points which you can redeem against various services.
- You can get discounts on online shopping done with credit cards.
After all, these credit card promotional offers can help you save a lot, when used wisely.
Since, different credit cards provide different offers and you can not avail all the offers with your single credit card, so, check which offers are applicable on your credit card and how long they are valid. Because, the credit card offers usually remain valid only for a particular period. Besides, bank may change its existing offers on credit cards without notifying you in advance.
Top Bank Credit Card Offers, Discounts & Promotions in Malaysia
Credit Card Promotion FAQs
Can points be redeemed for rewards after every purchase?
All banks have a requirement of you to earn a specific amount of reward points after which you are eligible to redeem the points. The points that are expected are variable and based on the sole discretion of the bank. The points can be redeemed any time you wish as long as you have enough points accumulated. Browse through the catalogue that your bank will have online to see what rewards you can avail.
What is a sign-up bonus?
Sign-up bonus is almost the same thing as welcome bonus. When you apply for a credit card, the bank provides you a welcome bonus in the form of a gift, discounts on registration fees, free miles, reward points or the like.
How do reward points work?
Every time you swipe your card, you are earning reward points. These points are accumulated over time. When you have enough points, as suggested by the bank, you can browse through a catalogues provided by banks or available on their website, and then choose something you’d like get worth the accumulated points. The voucher or gift will be then delivered to your address. Some banks also allow you to redeem these points for discounts at stores. You need to simply pay for your purchase with your credit card and then ask the cashier to use the accumulated reward points against your bill.
Can I close my credit card after taking the promotional sign-up offers?
You are free to close your credit card account at your will on the condition that you don’t have any outstanding balances. However it is important to remember that every time you close a credit card account, your credit score falls as your available credit limit significantly reduces. So opting for a credit card just for the sake of promotions, is not a great idea, especially if you close the account.
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