Grab a credit card that gives you better rewards & more!
  • How to Apply Credit Cards for Foreigners / Expats in Malaysia

    If you’re a foreigner or an expat who’s looking to get a credit card in Malaysia, you need to apply for one after considering all eligibility requirements. Although getting approval for a credit card might be a little difficult for you as a non-Malaysian citizen, it isn’t an impossible task. By following a proper channel of application and with a complete set of valid documents as specified by the bank, you can get a credit card within a few days. Here’s everything you need to know about applying for a credit card if you’re a foreigner in Malaysia.

    Some banks in Malaysia offer credit cards to expatriates. Some banks insist on having a savings account or a fixed deposit with a specified amount to approve such cards. The application process for such cards is similar to other cards except that a few additional documents are required. You need to provide proof of your valid passport, visa and working permit of sufficient validity to apply for such cards.

    How to Apply for Credit Cards in Malaysia for Foreigners

    Steps to Apply Credit Card as Foreigners

    1. Visit the bank where you intend to apply for a credit card. Study their policies and rules about the credit card for expats.
    2. Fill a credit card application form of the bank. Before filing the application, check if you require to possess a debit card of the same bank as some banks need the expat applicant to obtain their debit card before allowing him/her a credit card.
    3. Make sure you have enough validity on your visa. The longer your visa lasts, the better. Thus a minimum validity of a year on your visa is a safe bet if you are applying a credit card. A right work permit along with copies of passport and visa are some of the important documents that could be cross checked at the time of application.
    4. Income criteria is one of the most important factors while applying for a credit card. For a foreigner, the required income limit is higher than a Malaysian citizen. Check out this benchmark before sending your application.
    5. Be patient once you have filed your application. For a bank, it takes around 15 days to reject or accept an application to the bank.
    6. Even though there are no fixed criteria for a foreigner apply credit card in Malaysia, the banks generally approve the applications that they feel are of minimum risk. Thus, if the basic necessities like visa validity and income limit have been taken care of, you can hope for a positive outcome.

    Eligibility Criteria and Documents Required for a Foreigner

    The qualifying criteria for a foreigner to get a credit card are similar to that of a Malaysian resident barring some variations in income limits and document requirements.

    Eligibility Criteria:

    • Age Criteria: Minimum 21 years old.
    • Income criteria: The minimum annual income requirement for an expat is RM24,000. However, some banks require you to have a higher gross annual income level for selected credit cards.

    Documents Required:

    • Copy of valid passport.
    • Valid work permit or letter of employment (stating the duration of the employment) from your employer.
    • Bank details that include your account statements for previous 3 to 6 months (as per the bank’s requirements).
    • Latest salary slips for 3 to 6 months (as per the bank’s requirements).
    • Copy of Business Registration Certificate (as a self-employed applicant).
    • Income-tax payment receipts.
    • Any other document as requested by a bank.

    Here are the Best Credit Cards for Foreigners in Malaysia 2018

    Updated on 10th October 2018

    Card Name
    Rewards
    Welcome Bonus
    Annual Fee
    Know More

    2x Membership Rewards points on all other retail expenses

    Yes

    Dining privileges at partnering SPG Hotels and Resorts in Malaysia

    Free for life

    2 PremierMiles for every RM3 you spend in foreign currencies and at select online travel partners

    1 PremierMile for every RM3 spent locally

    Yes - Air miles redemption

    1,500 PremierMiles = 1,000 Air Miles of partnering frequent flyer programmes

    RM600.

    3-year annual fee waiver when you activate this card within 60 days of approval

    Up to 8x Reward Points for shopping at participating malls and outlets

    10X Reward Points on overseas hotel room and dining expenses

    Yes - Air miles redemption

    10,500 Points = 1,000 Enrich Miles

    15,000 Points = 1,000 KrisFlyer Miles

    15,000 Points = 1,100 Asia Miles

    Free for life

    Up to 8% cashback on petrol and groceries

    0.2% unlimited cashback on all other retail expenses

    None

    RM240

    5x Timeless Bonus Points for overseas retail spends

    2x Timeless Bonus Points for local retail spends

    Yes - Air miles redemption

    6,000 TBP = 1,000 Enrich miles

    3,000 TBP = 1,000 AirAsia BIG Points

    RM800

    Can be waived with a minimum spend of RM30,000 p.a.

    *Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the cards.

    Maybank American Express Gold Credit Card

    If you need a card that helps you save on your daily expenses, then you should check out the Maybank American Express Gold Credit Card. From groceries and petrol to telco charges and even bookstores, you can use this card for all your day-to-day expenses and earn plenty of reward points.

    Key Benefits:

    • Get 5x Membership Rewards points for every RM1 spent on groceries, major cineplexes, selected bookstores, and telco charges.
    • Get 2x Membership Rewards points on all other retail spends.
    • Get 1x TreatsPoints on educational institution, insurance, utilities, petrol, and EzyPay transactions.
    Additional Points Description
    How to Use It
    • Charge all your local and overseas retail expenses to this card to earn maximum rewards.
    • The reward points you earn can redeemed for host of lifestyle products and gift vouchers.
    Good about It
    • Enjoy exclusive dining privileges at partnering SPG Hotels and Resorts in Malaysia.
    • Lifetime annual fee waiver.
    Keep in Mind
    • No Membership Reward points will be awarded if the card is charged at government bodies.
    • To apply for this card, you must be a Maybank account holder.

    Who Should Get It:

    • Those who wish to save on their daily expenses like fuel, groceries, and telco charges among others.

    What You’ll Need to Apply

    • Working permit that’s valid for at least one year from the application date.
    • Minimum income – RM60,000.

    Citi PremierMiles Visa Credit Card

    If you head out of the country often for business or pleasure and wish to save on your expenses, then you should consider getting the Citi PremierMiles Visa Credit Card. Besides offering a great air miles redemption rate, you also get other travel perks, including complimentary airport lounge access, travel inconvenience cover, luxury hotel benefits, and bonus miles on your card anniversary.

    Key Benefits:

    • Earn 2 PremierMiles for every RM3 equivalent spent in foreign currencies and on select online travel partners.
    • Earn 1 PremierMile for every RM3 spent on local transactions.
    • Get 10,000 PremierMiles on your card anniversary every year once you've paid the annual fee.
    • Redeem PremierMiles with over 90 partner airlines at the rate of 1,500 PremierMiles for 1000 Air Miles.
    Additional Points Description
    How to Use It
    • Remember to use this card whenever you transact online, overseas, or even locally to earn PremierMiles.
    • The PremierMiles you earn can redeemed for air miles of partnering frequent flyer programmes.
    Good about It
    • Enjoy complimentary unlimited access to selected Plaza Premium lounges across Malaysia.
    • Get complimentary travel inconvenience coverage when you travel overseas.
    • Get exclusive benefits at over 900 luxury hotels around the globe.
    • Enjoy a complimentary ride home from KLIA1 when you swipe your card for a minimum of three times when you’re travelling overseas.
    Keep in Mind
    • Complimentary lounge access is for international flights alone.
    • Complimentary ride home is valid only if you land in KLIA1 and your destination is within Klang Valley or up to Zone 8 of Airport Limo's jurisdiction.

    Who Should Get It:

    • Frequent flyers who wish to save on their overall travel expenditure.

    What You’ll Need to Apply

    • A copy of your work permit that’s valid for at least six months during application time.
    • Minimum income - RM100,000 p.a.

    HSBC Premier World Mastercard Credit Card

    The HSBC Premier World Mastercard Credit Card can be your ideal payment option whether you’re indulging in some retail therapy at a local mall or dining at a fancy restaurant overseas.

    To put things into perspective, you can earn up to 8x reward points when you shop at selected malls across Malaysia.

    Key Benefits:

    • Earn 10X Reward Points for every RM1 charged to the card on overseas hotel room and dining expenses.
    • Earn 8x Reward Points for every RM1 spent at Mid Valley Megamall and The Gardens Mall.
    • Earn 5x Reward Points for every RM1 spent on airline tickets, local hotel and dining expenses as well as retail expenses at over 30 participating malls nationwide.
    Additional Points Description
    How to Use It
    • Use this credit card for all your overseas dining and local shopping expenses to earn maximum reward points.
    • Charge all your mall shopping expenses to this card.
    Good about It
    • Get complimentary lounge access to Plaza Premium Airport Lounges at KLIA1, Singapore Changi Airport, and Hong Kong International Airport.
    • Get complimentary travel insurance with a cover of up to RM750,000.
    • Benefit from 24/7 Mastercard Global Concierge Services.
    • Get exclusive deals and privileges at over 6,500 shopping outlets nationwide with the VIP SmartPrivileges Programme.
    Keep in Mind
    • Reward points for overseas spends will be awarded up to a maximum cumulative spend amount of RM2,000 per month.
    • Reward points for spends at Mid Valley Megamall and The Gardens Mall will be awarded up to a maximum cumulative spend amount of RM1,500 per month.
    • The card is available only for Premier account holders with a minimum of RM200,000 in total relationship balance with HSBC.
    • Cardholders are allowed only 6 visits to all Plaza Premium lounges and 1 complimentary access of up to 3 consecutive hours in a single day.

    Who Should Get It:

    • Those who do most of their shopping in malls.
    • Those who dine out frequently.

    What You’ll Need to Apply

    • A copy of your work permit that’s valid for at least a year during application.
    • Employment confirmation letter.
    • Minimum income - RM120,000 p.a.

    HSBC Amanah MPower Visa Platinum Credit Card-i

    The HSBC Amanah MPower Visa Platinum Credit Card-i is an option for those looking to get an Islamic credit card. While it may not offer any travel perks, it does make up for it by providing you with cashback benefits on your daily retail spends.

    There’s even a joining promotion—cash rebate of up to RM250—that you can take advantage of if your application is approved and you satisfy certain spending conditions.

    Key Benefits:

    • Earn up to 8% cashback for every RM1 spent on petrol and groceries.
    • Earn 0.2% unlimited cashback on all other retail spends.
    Additional Points Description
    How to Use It
    • Use this card as your preferred payment mode whenever you need to fuel up your vehicle or buy groceries for the week.
    • Charge all your halal transactions—local and overseas—to this credit card to earn cash rebates.
    Good about It
    • Enjoy exclusive deals and discounts at over 6,500 participating shopping outlets throughout Malaysia with the VIP SmartPrivileges Programme.
    • Supplementary cardholders get the same level of assistance and support as the primary cardholder.
    • Benefit from a wide range of premium privileges from Visa.
    • Get timely financial assistance during emergencies with the HSBC Amanah Cash Advance programme.
    Keep in Mind
    • 8% cashback is subject to a monthly spend exceeding RM2,000.
    • For a monthly spend below RM2,000, the cashback rate drops to 2%.
    • Cashback on groceries and petrol is capped at RM50 per month for every eligible cardholder.

    Who Should Get It:

    • Those who do wish to save on their necessary expenses like petrol and groceries.
    • Those who need a Shariah-compliant petrol credit card.

    What You’ll Need to Apply

    • A copy of your work permit whose validity is at least a year.
    • Employment confirmation letter.
    • Minimum monthly income - RM10,000.

    Alliance Bank Visa Infinite Credit Card

    The Alliance Bank Visa Infinite Credit Card is another travel card on this list. It provides fantastic value if you’re a frequent flyer and also offers reward points on all your retail spends. These points can be redeemed later for air miles, lifestyle products, and gift vouchers among others.

    Key Benefits:

    • Earn 5x Timeless Bonus Points for every RM1 spent overseas.
    • Earn 2x Timeless Bonus Points for every RM1 spent locally.
    Additional Points Description
    How to Use It
    • Charge all your local and overseas spends to this credit card to earn maximum number of Timeless Bonus Points that never expire.
    • Redeem the Timeless Bonus Points you earn for air miles of participating frequent flyer programmes, including Enrich and AirAsia BIG.
    Good about It
    • Enjoy unlimited access to more than 850 VIP lounges across the world with complimentary Priority Pass Membership.
    • Get unlimited access to the Plaza Premium Lounge in KLIA.
    • Get complimentary travel insurance cover of up to RM2 million.
    • Benefit from 24/7 Visa Infinite Concierge Services.
    • Take advantage of a dedicated hotline for prompt travel assistance.
    Keep in Mind
    • Timeless Bonus Points are not awarded for petrol and government agency transactions.
    • Unlimited VIP lounge access with Priority Pass Membership is subject to a minimum cumulative retail spend of RM300,000 in the current year.
    • Complimentary travel insurance cover is valid only if the tickets are charged to your credit card.

    Who Should Get it:

    • Travel buffs who wish to save big on their flight, overseas retail, and travel insurance expenses.

    What You’ll Need to Apply

    • A copy of your working permit whose remaining validity is at least one year from the application date.
    • Minimum annual income - RM150,000 p.a.

    When you’re in a new country for work, you’ll most definitely need all the help you can possibly get to ease your way in. With digital payment options becoming the norm rather than an exception, a convenient-to-use and rewarding payment option is the need of the hour.

    On these lines, credit cards have the potential to be just what you need and can help make payments a hassle-free experience. So, if you’re a foreigner looking to get a credit card in Malaysia, this list of the best cards is something you should consider.

    BBazaar's Best Foreigner 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 American Express® Gold Credit Card

    5x Membership Rewards points on groceries, petrol, major cineplexes, selected bookstores, and telco charges

    2x Membership Rewards points on all other retail expenses

    Citi PremierMiles Visa Credit Card

    2 PremierMiles for every RM3 you spend in foreign currencies and at select online travel partners

    1 PremierMile for every RM3 spent locally

    HSBC Premier World Mastercard Credit Card

    Up to 8x Reward Points for shopping at participating malls and outlets

    10X Reward Points on overseas hotel room and dining expenses

    HSBC Amanah MPower Visa Platinum Credit Card-i

    Up to 8% cashback on petrol and groceries

    0.2% unlimited cashback on all other retail expenses

    Alliance Bank Visa Infinite Credit Card

    5x Timeless Bonus Points for overseas retail spends

    2x Timeless Bonus Points for local retail spends

    *Effective 1 September 2018, Sales and Services Tax (SST) of RM25 will be imposed on all the cards.

    How to Choose the Best Credit Card for Foreigners

    As banks impose varying requirements for expats and foreigners, check for the eligibility requirements and required documents before you apply for a card. Compare different cards to check the benefits and privileges of each card. Choose a card that suits your lifestyle and budget needs in Malaysia.

    If you want to know about cards in different categories, then read the best credit cards in Malaysia for more information.

    Ways to Apply For a Credit Card

    • Online application: You can go to the bank’s official website and apply for a credit card. All you have to do is download the card application form and submit it to the nearest branch after filling out all the necessary information. Now, make sure that you have all the mandatory documents and send them to the bank (via mail, fax, or manually) to initiate further processing of your application.
    • Offline Application: Drop by the nearest branch of your bank and fill out the credit card application form. Submit all the essential documents to the bank officials.

    Things to Consider When You’re Applying for a Credit Card

    • Make sure that your visa is valid for at least a year while making an application.
    • Some banks may need you to have their debit card before approving your credit card request.
    • To improve your chances of getting a credit card, build a healthy relationship with the bank. Open a current or savings account (CASA) with the bank with which you are considering to apply for a credit card. Additionally, open a fixed deposit account with the bank which will lessen the (payback) risk factor.
    • Show all your income and not just applicable income to boost your chances of getting a credit card. The more you earn, the better your chances of paying the credit card dues, and a bank will consider this while granting you a card.
    • Apply for a ‘beginner’ credit card and then go on upgrading it later. Chances are that a low-limit card might get a quicker approval than a higher limit one.
    • Try to visit the bank personally to make an application. You can boost your chances of getting a credit card by personally talking to a bank representative and convince them about your worthiness. On the other hand, you may not get an ‘on the spot’ opportunity to improve your application or provide any additional supporting document while going through an online method.
    • Don’t call your bank repeatedly to check your application status. The bank requires a certain amount of time to evaluate every application.
    • Don’t apply to multiple banks at the same time. This may affect your application negatively as the banks might consider you to be too desperate to get a card.

    There’s no point in getting discouraged if your credit card application gets rejected. Keep in mind that every bank has its own set of requirements and evaluation process. While your application may be rejected by one bank, you can end up getting a credit card from another bank.

    But, if you check your eligibility for a card beforehand, satisfy all the requirements, and follow the right steps to apply, the chances of your application getting rejected are minimal.

    Looking for More

    Pick Up the Other Best Credit Card Category You May Like

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.