• Utility Credit Cards

    A Utility Credit Card provides you with discounts and cashback for paying your electricity bills, water bills, telephone bills, Insurance premium, etc. You can set an instruction to the bank to pay these bills with your Utility Credit Card on a specific date in a recurring fashion.

    Compare Utility Credit Cards In Malaysia

    Card Name Benefits Annual Fee Interest Rates
    Hong Leong WISE Credit Card Get 10% cashback on water and electricity bills RM265 15% p.a
    Standard Chartered JustOne Platinum MasterCard Get up to RM1,000 cashback on auto-bill payment Waived on a minimum spend of RM20,000 a year 15% p.a
    RHB Smart Value Card Up to 5% cashback on utility bills RM74.20 15% p.a
    HSBC Advance Visa Platinum Credit Card Earn up to 3 times Reward Points and up to RM20 cashback on recurring bill payment Waived for HSBC Advance Customer 15% p.a
    Alliance Gold Card Get 2 times Timeless Bonus Points on every RM1 spent Waived on spend of RM5,000 or 12 swipes in a year 15% p.a

    Features And Benefits Of Choosing A Utility Credit Card

    The features and benefits of choosing a utility credit card are:

    • Never miss a utility payment again with the auto-bill payment feature.
    • Register for recurring auto-bill payment facility and earn cashback or reward points.
    • Get cash advance from a utility credit card.
    • Use mobile wallets to pay for your purchases in a secure way.
    • Choose to pay the outstanding balance of your card with a low-interest instalment plan.
    • Enjoy Cheque-On-Cash facility where you can get access to additional cash at low interest rates with a repayment tenure of your choice.
    • Get offers on groceries, online shopping and petrol bills.
    • Some cards may also comprise contactless technology for faster payments.
    • Get travel insurance cover with your utility credit card.

    How Do Utility Credit Cards Work?

    When you look at how a regular credit card works, utility cards are no different. What defines them is the fact these cards offer a whole lot of benefits when it comes to any kind of utility payments. Whether you’re paying your annual insurance premium or your monthly electricity bill, you’ll be privy to a host of rewards, including cashbacks and subsidies.

    You can even arrange for your utility payments to be auto-debited from your account every month. This way, you’ll never have to miss a payment and deal with any late payment charges.

    How Do You Choose The Best Utility Credit Card?

    Choosing a utility card that matches your unique needs is relatively easy once you’re aware of how it works. All you need to do is shortlist a few utility credit cards whose offers and benefits match your spending habits. This way, you’ll be able to know which card offers you the best returns.

    Once you’ve made your shortlist, compare the annual fees, interest rates, and all other associated fees and charges to know which card costs the least to keep.

    Eligibility Criteria

    You need to have a minimum age of 21 years to apply for most utility credit cards in Malaysia. You also need to have a steady source of income as card issuers require you to satisfy a minimum income criterion as well.

    This minimum income requirement can be monthly or annual and varies according to the card issuer, the type of card, and its benefits.

    How Do You Apply For A Utility Credit Card?

    If you wish to apply for a utility credit card offline, just visit the bank’s nearest branch for assistance. You could also get in touch with the bank’s customer service team to help you on the phone. For a more hassle-free and convenient experience, you could just visit the bank’s website and fill out the online application form.

    FAQ's

    Q. What is the finance charge for a cash advance?

    A. Generally, when you take a cash advance, you will be charged a minimum of 5% of the cash withdrawn or RM20, whichever is higher.

    Q. Can I get the Balance Transfer feature with a utility credit card?

    A. Yes. You can have Balance Transfer facility with your utility credit card.

    Q. Which utility billers can be paid through utility cards?

    A. Utility cards can be used with many utility billers such as Astro, Celcom, Tenaga Nasional Berhad, Maxis, etc.

    Q. Can I use a utility card overseas?

    A. Yes. You can use a utility card overseas. However, you will probably be using the utility card for purposes other than utility.

    Q. How can I make payment for a utility card?

    A. You can choose one of the following ways to make payment for your utility card:

    • Submit cash or cheque at the nearest branch.
    • Instruct the bank to deduct the payment from your savings/current account.
    • You can drop a cheque at a cash deposit machine.
    • You can transfer money through internet banking.
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