A travel credit card is preferred by frequent travellers because it offers air miles, frequent flyer miles, or travel miles whenever you charge your travel tickets to the card. You also get free airport lounge access, complimentary limo rides, along with travel and accident insurance on your travel credit card. The card also gives you an opportunity to earn reward points/loyalty points that you can redeem for gifts, airfare, etc.
Every RM2 spent overseas will earn you 3 WorldMiles on the card
You can convert your WorldMiles into Air Miles as 2 WorldMiles add up to 1 Air Mile from a frequent flyer programme of your choice
Annual fee waived for the first year
RM636 for every subsequent year
You can access fast track immigration at over 280 international airports with Visa Airport Speed Pass
You can access concierge services anytime around the world via Concierge Online
Waived for the first year
RM550 for subsequent year (waived if minimum spend on the card is RM30,000 p.a. or more)
15 - 18% p.a.
You can get 8X reward points on international expenses and online purchases in foreign currency
You can get complimentary lounge access to Plaza Premium Lounges in Malaysia, Singapore, and Hong Kong
Waived if the card is swiped once every month for a period of 12 successive months
You can get 2 PremierMiles for every RM3 spent on the card internationally
On every RM3 spent locally, you will earn 1 PremierMile
The PremierMiles you have earned do not have an expiry date
No annual fee charged for supplementary card
You can get 1 Bonus Mile for every RM1.50 spent overseas and 1 Bonus Mile for every RM3 spent locally
The card offers you priority booking access to promotions from Malaysia Airlines 4 hours before it opens for the public
A travel insurance cover of up to RM1 million is provided when you charge your airfare solely to the card
Waived for supplementary card
15 - 18% p.a.
Overseas retail transaction on the card will earn you 3X Air Miles Points
You will get 1X Air Miles Point for every RM1 spent on local retail purchases. Here, 6,000 Air Miles points can be redeemed for 1,000 Enrich Miles
Waived for life
On every RM1 spent on the card, you will earn 5 TreatPoints
You can redeem 1,000 Air Miles with 4,770 TreatsPoints
You can get a personal accident and travel insurance worth RM2 million when you purchase airfare solely using the card
Waived for first year
For subsequent years, the fee is waived when the card is charged with a minimum spend of RM80,000 p.a.
15 - 18% p.a.
You can earn 5X Citi Rewards Points for every RM1 spent overseas
You can also convert your points to pay for your purchases
RM636 for principal card
RM159 for supplementary card
You will get 1 VIP Point for each RM1 spent on retail transactions and these VIP points are redeemable for Air Miles
You can enjoy 2X complimentary access to any Malaysia Plaza Premium Lounge
Free automatic travel insurance cover of RM500,000 when the card is used solely to purchase airfare
Waived for the first year
Subsequent annual fees are waived when the card is swiped at least 12 times in the year
15 - 18% p.a.
A travel credit card is a good way to manage your expenses when you are travelling as the card offers an array of discounts and perks. Many banks and financial institutions offer travel credit cards that have an annual fee waiver or provide an easy way to obtain the fee waiver. Moreover, often you can utilise your air miles for traveling which makes the card even more efficient.
When you consider travel credit cards in Malaysia, most of them work on a points-based system. When it comes to how you can use these points, there are generally three options:
With travel cards that give you air miles, you always know what you’re going to get. The air miles you earn on such cards carry a definitive value. If you choose a travel card with air miles as redeemable points, it means that you’ll earn air miles in the form of reward points. All the points you earn get accumulated which can then be redeemed with a participating airline or hotel partner. Co-branded cards are great if you have a preferred airline partner. With these cards, the air miles you earn can only be redeemed against the partnering airlines’ rewards program.
The first big step to choosing a travel credit card is to determine your travel goals. This will help you make the right choice between a co-branded card and a general travel rewards card. While co-branded cards usually come with a lot of exclusive perks and bonus benefits, they limit your options when it comes to choosing a different airline or hotel partner.
Secondly, pay attention to sign-up bonuses or offers, if any. Some cards let you earn a large amount of points with a minimum spend in the first 30-90 days. Lastly, think about your spending habits and compare it with the reward category for each card. This way, you’ll be able to earn more points based on your usual spends.
To apply for most travel rewards cards in Malaysia, you should be at least 21 years old and have a constant source of income. The minimum income requirement can vary according to the issuing bank, the type of card, and the travel rewards on offer. While most cards are applicable for permanent residents of Malaysia, there are some cards which are applicable for foreigners too.
Once you’re sure about which travel credit card you’re going for, applying for it is relatively simple. You could either apply on the bank’s website and fill out the online application or get in touch with the bank’s customer service department for assistance. You could also walk into the nearest branch if you wish to do things in person.
Q. How are the interest rates on the credit card decided?
A. Banks offer you an interest rate based on your repayment behaviour. For cardholders who have made prompt minimum monthly payments on or before the due date for 12 consecutive months, an interest rate of 15% p.a. is offered. For cardholders who have made prompt minimum monthly payments on or before the due date for at least 10 consecutive months in a 12-month cycle, an interest rate of 17% p.a. is offered. If cardholders do not belong to either of the above categories, an interest rate of 18% p.a. is charged.
Q. What documents do I require to obtain a travel credit card?
A. You will need a copy of your NRIC or MyKad. You will also need to present your bank account statements and salary slips while obtaining a credit card. Your bank representative will inform you if you need to provide any other essential document.
Q. I am a Malaysian citizen working in Singapore. Can I get a credit card from a bank in Malaysia?
A. Yes, as a Malaysian citizen, you are eligible to get a credit card from a bank in Malaysia.
Q. Do air miles or points I earn ever expire?
A. Some banks are flexible enough to allow you to use air miles or travel reward points as and when you please. However, most other banks specify a certain time limit within which the air miles or points need to be used.
Q. Can I increase the credit limit on my travel credit cards?
A. Yes. You can put in a request to the bank to have your credit limit increased. Your application will be reviewed by the bank and could potentially increase your credit limit provided that you have maintained a healthy credit score and have been prompt in your monthly payments.