Debit Cards for Students

Most of the credit cards come with a minimum income requirement. This makes them unavailable for students. A debit card dedicated to students can serve as the best alternative to credit cards in such cases.

A student debit card comes with low maintenance charges that makes it one of the best financial tool for students. Let’s have a look at the key factors you should keep in mind while looking for a student debit card for yourself.

Important Things to Keep in Mind While Searching for a Student Card

  • Is the card convenient to use?
  • Is the payment made using the debit card secure?
  • Can you use the card in-store as well as online?
  • What are the charges associated with the card?
  • Is it accepted at all your preferred places?
  • Does it comes with flexibility on paying bills?

Best Debit Cards for Students

Card Name Card Benefits Daily Withdrawal/Spending Limit Eligible for Annual Fee
CIMB Debit Mastercard
  • Earn 1 Bonus Point with every RM4 spent.
  • Accepted globally.
  • Comes with a contactless feature that lets you carry out transactions without keying in your PIN for spending less than RM250.
Up to RM10,000. Individuals who are 12 years old or older. RM15.90
Citibank Debit and ATM Card
  • Earn Citibank Rewards Points on all purchases.
  • Get cash access at more than 1.2 million Citibank ATMs.
ATM withdrawal: RM5,000. Individuals who are 12 years old or older. No charge
Retail transactions: RM5,000.
Maybank Visa Debit Card
  • Can be used to pay bills, withdraw cash, and to make purchases.
  • Accepted at 29 million Visa outlets around the world.
Up to RM5,000. Individuals who are at least 12 years old. No charge
Hong Leong Debit Card
  • Can be used for contactless transactions up to RM250.
  • Comes with global acceptance.
  • Protection against counterfeit.
Cash withdrawal: RM2,000. Individuals who are 18 years old or older. RM8.48
Retail purchase: RM2,000.
Online purchase: RM1,000.
PB TARC Mastercard Debit Card
  • Comes with free-for-life membership.
  • Can be used to get instant cash from ATMs worldwide.
  Individuals who are 12 years old or older. No charge
PB UTAR Mastercard Debit Card
  • Comes with free membership for life.
  • Can be used for retail purchases and to get instant cash from ATMs around the globe.
  Individuals who are at least 12 years old. No charge

Now let’s look at other details of these cards:

Student Debit Cards in Malaysia

CIMB Debit Mastercard

Features and Benefits

  • Get discounts and deals on shopping, dining, and bill payment every day with this card.
  • Enjoy exclusive cardmember benefits that includes earning bonus points on every transaction.
  • You can make bill payments with this card via placing a standing instruction on the account associated with your card.
  • You can enjoy faster payments with contactless feature associated with the card for purchases worth RM250 or less.
  • The card comes with SMS alert that helps you track your expenses.
  • The card can be used for online purchases with 3D secure online payments.
  • You can modify the daily purchase limit that ranges from RM1,000 to RM10,000.

Fees and Charges

Fee Type Fee Details
Cash withdrawal (domestic) At CIMB ATMs: No charge.
At other bank ATMs: Up to RM4.24.
Cash withdrawal (overseas) At CIMB ATMs: No charge.
At other bank ATMs: Up to RM10.60.

Citibank Debit and ATM Card

Features and Benefits

  • You can withdraw cash from any Citibank ATM worldwide as well as other bank ATMs.
  • You can track your expenses via e-statements at Citibank online.
  • The card comes with a protection against theft and accidental damage.
  • If you book your travel using this card, you can get a complimentary travel insurance.
  • The card comes with a high level of security with embedded EMV-compliant SmartChip.
  • You can earn never-expiring rewards points with all purchases made using the card.

Fees and Charges

Fee type Fee details
Cash withdrawal (From Citibank ATMs) No charge.
Cash withdrawal (From non-Citi ATMs) RM10.00.

Maybank Visa Debit Card

Features and Benefits

  • You can change the daily withdrawal limit according to your needs.
  • You can use this card to pay bills, for online purchases, and retail purchases.
  • The card doesn’t have any late charges, finance charges, or income requirement.
  • The card comes with smart chip security.
  • You can set your own purchase limit up to RM5,000

Fees and Charges

Fee Type Fee Details
Cash withdrawal (Maybank ATMs) First 4 transactions: No charge.
From 5th transaction onwards: RM0.50.
Cash withdrawal (Other banks’ ATMs) RM1.
Cash withdrawal (Overseas) RM12.

Hong Leong Debit Card

Features and Benefits

  • You can use the card for retail purchases and cash withdrawal locally as well as overseas.
  • You can keep a track on transactions made on your card via SMS alerts.
  • The chip-enabled Hong Leong Debit Card comes with multiple layers of security.

Fees and Charges

Fee type Fee details
Cash advance fee (locally) At Hong Leong ATMs: No charge.
At other bank ATMs: RM1.06.
Cash advance fee (overseas) Up to RM12.72.

PB UTAR and TARC Mastercard Debit Card

Features and Benefits

  • You can earn interest on a monthly basis depending upon the daily balance in your card.
  • You can transfer funds onto your card from your savings account with automatic sweep facility.
  • You can withdraw cash from ATMs around the world using these cards.
  • You can keep a track of the purchases made using PB UTAR or TARC Debit Card via e-statements.

Fees and Charges

Fee Type Fee Details
Cash advance fee (At Public Bank ATMs) No charge.
Cash advance fee (At other bank ATMs) RM10.

So, these were some of the best student debit cards in Malaysia. Compare the cards and choose the one that suits you best.

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