A host of credit cards are offered by various local and international banks in Malaysia. However, there are certain credit cards that are more popular than others among customers. These cards are preferred by customers owing to great benefits or nil annual fee or any such similar distinguishing feature. Here is a list of the top ten favourite credit cards of Malaysians for the year 2016.
Maybank 2 cards
These are one of the most loved credit cards in Malaysia. These cards offer some amazing features and benefits to customers in the form of regular cashbacks and reward points. The TreatsPoints offered by this card can be redeemed for buying numerous everyday items. Maybank 2 cardsoffer exclusive discounts and cashbacks on categories like dining, entertainment, petrol purchases, grocery buying, travel etc.
UOB One Card Platinum
This is one of the most sought-after credit card from UOB. The UOB Credit Card offers a host of benefits and features and that also at an affordable annual fee. Avail up to 5% cashback on retail transactions at selected merchants. You can also enjoy great cashbacks on utility bill payments like electricity bills and telephone bills. Standard credit card benefits like balance transfer and flexi payment are applicable to this card too. The minimum monthly income criteria is RM 5000.
Hong Leong Platinum Card
Hong Leong Platinum credit card offers its customers great discounts and offers across dining, shopping and bill payment categories. Monthly cashbacks offered are amazing at 2% for petrol, grocery, entertainment etc. Earn 1 reward point against every ringgit spent and redeem these points to avail goodies of your choice. Other distinguishing factors include preferential forex rates, travel protection plans, balance transfer facility and installment plan for purchases made using the Hong Leong Platinum credit card.
CIMB Cash Rebate Platinum
CIMB Cash Rebate Platinum is supposedly the best cashback credit card from CIMB. The card offers excellent features and benefits and that too at zero annual fee. Participating merchants for this card offer discounts as high as 25% to customers who shop via CIMB Cash Rebate Platinum Credit Card. The most remarkable feature of this card is that it offers a 10% cash rebate on the monthly interest charged and offers rebates on online purchases as well.
HSBC Visa Signature Card
HSBC Visa Signature card offers great benefits to customers and that too at zero annual fee. The HSBC Credit Card offers great reward points on expenses incurred in dining, shopping as well as entertainment.
Standard Chartered Cashback Gold MasterCard
Standard Chartered is a global financial leader when it comes to personal banking products. Credit cards by the bank are quite popular among customers in Malaysia. Cashback Gold MasterCard comes at a nominal annual fee and offers great cashbacks and discounts across all categories of expense like retail spends, groceries, utility bill payments, entertainment spends etc. The Standard Chartered Credit Card also offers a 24-hours customers service line as well as exclusive annual privileges and discounts to cardholders.
Alliance Bank Rebates You:nique Card
As the name suggests, this card from Alliance Bank is unique in terms of features and benefits that it offers to its customers. This Alliance Bank Credit Cardcomes at a nominal annual fee and offers great discounts and cashbacks to cardholders. The card can be personalized by changing the look of the card with any image of your choice.
HSBC Amanah MPower Visa Credit Card-i
Amanah MPower Visa credit card from HSBC is an Islamic financial product that offers great cashbacks of up to 8% on dining spends in Malaysia. The card is an ideal product for customers who are looking to extract more from their dining sprees. Apart from the above listed features, the card also offers Takaful coverage, petrol and grocery deals etc.
Citi Clear Card
Some of the major benefits of this card include great offers on nights spent at clubs and bars in Kuala Lumpur, Flexi Payment plan for retail purchases at affordable interest rate, outstanding balance settlement for other cards at 0% interest, low annual interest rate of 8.88% on outstanding card payments, exclusive movie and club deals.
RHB Platinum Credit Card
The Platinum card from RHB comes with benefits that make it the most-rewarding of all the available RHB Credit Card. Avail 15% cashback on dining transactions made on weekends using this credit card. Customers also get to enjoy 4X Access to Plaza Premium Lounges at airports in Malaysia, complimentary Golf privileges at Golf Clubs in Malaysia, travel insurance of up to RM1 million, special foreign currency exchange rate at all RHB Bureau-de-change and a 24-hours priority hotline