Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Documents Required to Apply for Credit Card

    A credit card is a convenient and safe way to carry out purchases and transactions on a daily basis. Many credit cards also reward you for purchases charged to it in the form of airmiles, reward points, or cashback. However, you need to fulfil certain eligibility criteria and also submit the required set of supporting documents. An applicant will have to submit these documents based on the nature of their employment.

    Eligibility Criteria to Obtain a Credit Card In Malaysia

    Given below are some of the basic credit card eligibility criteria that you need to fulfil to obtain a credit card:

    • Nationality criterion: You can obtain a credit card as a Malaysian citizen, a foreign national, or a permanent resident in the country. You need to present different paperwork for each category.
    • Age criteria: You to need to be at least 21 years old while applying for a principal credit card. Minimum age qualification for a supplementary credit card is 18 years. Maximum age limit to obtain a credit card differs from bank to bank. For many banks in Malaysia, the limit is 65 years.
    • Income criteria: In Malaysia, the minimum salary to apply credit card in malaysia is RM24,000 p.a. However, elite or high-end cards impose a higher minimum income limit.

    Documents Required To Apply For a Credit Card in Malaysia

    Now, check below for the credit card requirements in malaysia which you will require to present while applying for a credit card.

    For Salaried Individual

    • A duly filled application form
    • MyKad or NRIC or passport (You will have to present photocopies of both front and back sides of one of these documents. A foreign national applying for a card will have to present passport with a valid visa permit as an identity proof.)
    • Salary slips (of previous 1 to 6 months, depending on a bank’s policies)
    • Savings or current account bank statements (for previous 6 months)
    • Employment confirmation letter (if applicable)
    • A copy of latest EPF statement (1 year’s EPF statement certified by EPF Office)
    • A copy of latest 1 month bank statement where salary is credited (if applicable)
    • Latest Form B or Form BE with an income tax payment proof
    • Any other document as requested by the bank

    For a Self-Employed Individual or Businessperson or Freelance

    • A duly filled application form
    • MyKad or NRIC or passport (You will have to present photocopies of both front and back sides of one of these documents. A foreign national applying for a card will have to present passport with a valid visa permit as an identity proof.)
    • Bank account CASA statements of self or company (for previous 6 months)
    • A copy of Business Registration Certificate
    • Tax receipts or tax return details for past 1 year
    • Form B or other supporting documents
    • PCB deduction receipt (if applicable)
    • Form B (partnership) or Form A (sole proprietorship) or Form 9, 24 and 49 (company) (issued by SuruhanJaya Syarikat Malaysia)
    • Any other document as requested by the bank

    For Expatriates or Permanent Residents

    • A properly filled application form
    • Passport (Present passport with a valid visa permit as an identity proof)
    • A copy of your savings account with the bank (if applicable)
    • A copy of contract period confirmation or employment confirmation letter from your employer
    • Residential proof details or tenancy agreement details (if applicable)
    • Any other document as specified by your bank

    For Commission or Variable Income Earning Applicants

    • A completed application form
    • MyKad or NRIC or valid passport (copies of both front and back sides)
    • Latest 6 months’ details for overtime as mentioned on the payslips
    • Latest 6 months’ details for commission or vouchers received
    • Bonus/dividend statements or vouchers details (dating back 1 to 3 years, as applicable)
    • Latest annual commission details (CP58)
    • Any other documents as specified by the bank

    For overseas Income Earning Applicants

    • A completed application form
    • MyKad or NRIC or valid passport with visa permit details (copies of both front and back sides)
    • Latest salary slips (for at least 3 months)
    • Salary deposit account details (for minimum 3 months) (applicable for Brunei)
    • Letter of employment or employment period confirmation details
    • Latest EA form
    • Latest BE form and income tax payment receipt
    • Latest Notice of Assessment or Form IR8A or Form IR8E (for 1 year) (applicable for Singaporeans)
    • Any other documents as specified by the bank

    For Other Income Earning Applicants

    • A completed application form
    • MyKad or NRIC or valid passport with visa permit details (copies of both front and back sides)
    • Details of tenancy agreement
    • Vouchers or pension statements
    • Statements of other annuities
    • Any other documents as specified by the bank

    Frequently Asked Questions

    Q. What should I do if my credit card application is declined due to lack of supporting documents?

    A. If you know that your application is declined because you were unable to submit a document/, you can consult to your bank officials and request for a re-application.

    Q. How long does it take to process my credit card application?

    A. Depending on the bank, your credit card processing period may go up to 10 working days. Make sure that you submit all the essential documents to reduce the processing time.

    Q. Can I make a credit card application online? How should I submit my documents?

    A. Most of the top banks in Malaysia have an online application facility through their official website. After completing the application form, you can email your relevant documents to the bank or you can visit the nearest bank and submit the documents with a copy of the duly-filled application form.

    Q. What are the documents that I need to submit while making an application for a supplementary credit card?

    A. You need to submit a copy of NRIC or MyKad (identity proof) of a supplementary card applicant along with a duly filled application form.

    Q. Do I need to resubmit all the documents after updating my changed residential address details?

    A. Most of the banks do not ask for resubmission of documents that have already been provided. However, you may need to present your latest communication/residential address to the bank.

    When looking to obtain a credit card, keep an eye on these criteria and requirements at the time of making an application to avoid any unnecessary delays and prevent the rejection of your applications.

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