• Shopping Credit Cards

    Shopping is a frequent expense most of us incur. Be it the occasional shopper or one who is constantly looking out for the best deal, a shopping credit card can offer you reward points, cashback, or discounts on your shopping expenses.

    Compare Shopping Credit Cards In Malaysia

    Card Name Benefits Annual Fee Interest Rates
    RHB Visa Signature 6% cashback on offline and online shopping Free 15 - 18% p.a
    CIMB Cash Rebate Gold MasterCard 5% cash rebate on online shopping Free 15 - 18% p.a
    Citi Rewards Credit Card Pay for recent purchases with Rewards points RM636 15 - 18% p.a
    UOB Lady’s Classic Card Shop now and Pay later scheme when you make luxury purchase of price RM2,000 or more at 0% instalments RM72.08 15 - 18% p.a
    HSBC Visa Signature Card 5 times Reward Points when you shop online RM636 15 - 18% p.a

    Features & Benefits Of Choosing A Shopping Credit Card

    • Shopping Credit Cards can be used locally and overseas.
    • These cards also provide discounts when you use them for other expenses such as entertainment or retail expenses..
    • You can get flight, restaurant and hotel reservation services.
    • The cards offer reward points on other staple categories as well such as groceries, petrol, mobile and utility bill payments, etc.
    • Select cards even offer complimentary travel accident cover when airfare is purchased solely using the card.
    • The cards are packed with value added features such as a balance transfer facility that allows you to transfer outstanding balance accrued on other bank credit cards onto your shopping credit card
    • Shopping credit cards also provide a 0% instalment payment plan that converts larger retail purchases into smaller affordable monthly instalments.

    How Do Shopping Credit Cards Work?

    When you consider any shopping credit card, it isn’t very different from a regular credit card in the way it works. To put things into perspective, you’re still allowed a credit limit and eligible to make purchases whose value is within this limit.

    What makes a shopping credit card different from other cards is that its associated offers and benefits are highly advantageous for shoppers of all kinds. Whether you spend a whole lot of money on groceries or on fashion clothing, you’ll be entitled to cash rebates, reward points, and discounts.

    How Do You Choose The Best Shopping Credit Card?

    To choose the best shopping card, you need to know what you spend on the most. Once you’ve figured this bit, look for cards with offers and benefits that suit your spending pattern. Now, figure out how this card will help make your shopping experience better in terms of overall savings.

    Next, compare the interest rate, related finance charges, as well as all the associated offers, deals, and benefits to decide which cards offer the best value.

    Eligibility Criteria

    To apply for most shopping credit cards in Malaysia, you need to have a minimum age of 21 years and a stable source of income. The minimum income requirement differs for each card and depends on the issuing bank, the card type, and its features and benefits.

    How Do You Apply For A Shopping Credit Card?

    For a hassle-free experience, you could visit the bank’s website and fill out the application online or call the bank’s customer service team for assistance. If you prefer to do things in-person, just drop by the bank’s nearest branch to initiate your credit card application process.

    FAQ's

    Q. What is the maximum tenure to repay through the instalment plan?

    A. The maximum tenure to repay through instalment plan differs with banks. However, it can go up to 36 months.

    Q. Is cashback credited instantly on making a purchase with a shopping credit card?

    A. Cashback may be credited within two months of making the purchase with a shopping credit card.

    Q. How is cash advance fee calculated?

    A. A cash advance fee of 5% of the transaction amount or RM15.90, whichever is higher, is considered payable as cash advance fee.

    Q. Can I pay the balance transfer amount in instalments?

    A. Yes. You can choose to pay the balance transfer amount in monthly instalments.

    Q. Are there insurance policies for Shopping Credit Card?

    A. Yes. There are insurance policies offered by insurance companies such as Allianz Life Insurance Berhad that pay your outstanding balance on Shopping Credit Card in case of death, total and permanent disability and critical illness.

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