A credit card offers you an array of privileges and perks in the form of rewards, cashback, discount, and other timely offers. There are many different types of credit cards that cater to specific expenses. You can choose these cards as per your spending habits and requirements. For frequent commuters who have fuel as a main expense, a petrol credit card can not only ease the burden of petrol purchases but it also provide an opportunity to earn other key benefits.
If you use the card at Shell petrol pumps, it will earn you 8% cash rebate on your transaction of and above RM2,500 per month
You can get a rebate of 6%, if you make purchases worth RM1,000 to RM2,499
You can get a rebate of 4%, if you make purchases worth RM300 to RM999
Annual fee waived for the first year when you use the card 3 times in a 60-day period
Subsequent year annual fees is RM206.70 will be waived
You can earn rebates up to 15% on your expenditure every month if you spend minimum RM2,500 on the card
Any other retail purchases will earn you 0.2% cashback
No annual fee for the first year
After that, annual fee of RM265 will be waived on minimum spend of RM20,000 p.a. on the card (Effective 1 August 2018)
15 - 18% p.a.
You will get 8% cashback on your petrol expenses during weekends
On weekdays, you will earn cashback on 1%. (The cashback limit is capped at RM50 each month)
No annual fee is charged
You will earn up to 10% cashback on your purchases every month on minimum purchase of RM2,000 every month
For Wise Platinum (Visa) = RM318
For Wise Gold (Visa) = RM265
Get up to 7% cash rebates your petrol purchases if your statement balance is RM3,000 and above
Every other retail purchase will earn you 0.2% cashback every month
You can get up to 5% rebate on making partial payment at the brand’s petrol station
You will get 2% cash rebate each month if you make full payment
Waived for life
You can earn 8% cashback every day on petrol if the monthly spend charged to the card is more than RM2,000
fro monthly spends less than RM2,000, you can get a rebate of 2%
Waived if made 12 swipes per year
15 - 18% p.a.
You can earn up to 5% cashback on your petrol, online, and grocery purchases above RM2,501
The card gives you access to contactless payment technology
Waived for supplementary card
You can earn 1 AFFIN Rewards Point on every RM1 expenditure on the card for petrol, government services, and other utilities
You can get a free accident insurance worth RM30,000 for the first year when you issue the card
From 12% p.a.
A petrol credit card can come in handy if you tend to travel more via your car, bike, or any other personal vehicle. A petrol card helps you save money on your petrol/fuel expenses as it exclusively offers you cashback and rewards in that category. The cards can offer considerable savings through the cashback provided. Cashback earned through petrol cards ranges from 0.5% to 15% every month depending on the card chosen.
A petrol credit card works much the same way like any other rewards card. To find a petrol card that suits you best, it’s important that you consider as many cards as possible and compare all their benefits. A petrol card with no annual fees can be a good place to start.
Keep looking for a petrol card that comes with the best cashback rate and exclusive promotions, if any. A co-branded petrol card can be a great way to fast track your rewards. Lastly, focus on a card that offers a low interest rate.
The principal applicant for most petrol credit cards has to have a minimum age of 21 years. Most petrol cards also require a steady source of income. You’ll find a minimum monthly/annual income requirement too.
For starters, visit the bank’s website for the online application or request form. Fill out this form and submit it. You’ll be contacted by the bank’s representative soon enough. You could also call the bank’s customer service team directly for assistance. If you wish to do things in person, you could always walk into the bank’s nearest branch.
Q. Are petrol credit cards limited to permanent residents of Malaysia alone?
A. While most cards are limited to permanent residents of Malaysia, there are a number of other petrol cards that accept foreign applicants.
Q. Can I take more than one supplementary credit card with my principal petrol credit card?
A. Yes, you can get multiple supplementary credit cards along with your principal card. Many banks offer a maximum of up to four supplementary credit cards.
Q. Does a petrol credit card give me rewards and cashback on other retail purchases?
A. Yes, a petrol credit card also offers you reward points, cashback for your other retail purchases like groceries, utility bills, government services, etc.
Q. Can I use my petrol credit card to get cash from an ATM?
A. Yes, most of the credit cards come with the cash withdrawal facility.
Q. What should I do when my card is stolen or lost?
A. You are advised to block the card immediately when it is lost or stolen. You should contact your bank officials and inform them about the loss.