How to Find the Best Credit Card Rewards in Malaysia

Sunday, December 22

How do you know which credit card in Malaysia offers the best reward for you? A number of banks are now offering attractive promos and special reward programs to entice customers to choose their credit card. There are also numerous sales officers offering application forms and promising easy approvals just about anywhere—from schools and malls to office building lobbies. Some credit card issuers even offer application forms online to potential customers to make it easier for them to apply. With many options available, it’s hard to know which credit card promotion is the best.


Credit Cards for Malaysian Business Professionals

Standard Chartered has the Business Visa Platinum & Gold Credit Card for business persons. Card holders get to benefit from an unlimited access to Plaza Premium Lounge as well as get 0.5% cashback on retail items they buy.
CIMB, on the other hand, has a platinum BusinessCard that offers a waived annual fee and gives users dining and shopping privileges.
Professionals who have a minimum annual income of RM 30,000 may be interested in MayBank’s SonyCard Visa. Card owners can benefit from the 0% interest instalments at selected Sony outlets for up to 36 months. MayBank cardholders also get an extended warranty on selected Sony items as well as special invites to Sony events. Another advantage is the free delivery of a Sony Bravia unit for those who’ll purchase the product with their card.
For those who like to enjoy the good life, CitiBank offers the Clear Card. It provides users with a 15% off discount on purchases of hard liquor bottle at the Zouk Club in Kuala Lumpur. Complimentary club passes to the Zouk Club before midnight are also included and users get a 1-for-1 drink at the Zouk Café Bar. Lastly, cardholders may avail of another 1-for-1 drink at any Coffee Bean & Tea Leaf branches across the country.
Credit Cards for Malaysian Women
Mommies who fond of shopping may enjoy the UOB Classic Lady Card. This card provides users with 1 UNIRinggit for every RM1 spent as well as provides 0% instalment plan on selected stores. It also offers beauty and dining perks. You may also look at the UOB Platinum Card, a card that gives up to 10% cash back reward points. Other perks of the Platinum Card includes a free SOTHYS voucher worth RM50 plus the same 0% instalments on selected stores offered by the Classic Card.
Another choice to consider is the CIMB Gold MasterCard, which offers shopping and dining privileges and provides users with 0% instalment on purchases. The CIMB Gold MasterCard comes with no annual fee.

Credit Cards for Malaysian Travelers

The AmBank CARz Platinum MasterCard is recommended for frequent travelers, those who love life best when they’re on the road. The card offers a cash rebate of up to 5% on any petrol brand, and 12 months of a 0% payment plan for road tax. It also features an AmDrive Care Personal Accident Coverage.
CIMB Bank also has the Enrich MasterCard for frequent flyers. Their Enrich Platinum credit card offers complimentary Malaysia Airlines tickets and allows card holders to get 50% more Enrich Miles or reward points. Another advantage with this card is the extra miles they offer users for online booking of Malaysia Airlines.
You may also check out the WorldMiles Card from Standard Chartered. This card enables cardholders to claim points for Malaysia Airlines Enrich Miles, Singapore Airlines KrisFlyer Miles and AirAsia BIG Points. Their 50% discount on second tickets purchased from either Singapore Airlines or Silk Air allows users to save up great on ticket costs for friends and family.

Credit Cards for Islamic Malaysians

Islamic Malaysians can get CIMB’s Islamic MasterCard. The Islamic MasterCard adheres to the Ujrah tenet that payment should be made for the services and privileges offered to the card user. There is no annual fee or joining fee for this card, and it offers special privileges and rebate reward points. Meanwhile, Platinum Card versions require applicants to have a minimum income of RM 48,000 per year, while Gold Card applicants should have an income of RM 24,000 per year.
Another card that follows the Islamic finance regulations is RHB’s Islamic Platinum Credit Card-i. This card’s handling fees are non-compounding and card users may benefit from the low handling fees that apply to balance transfer transactions. Users may also be pleased to know that they can get double reward points for travel arrangements, airline tickets, and travel expenses abroad.
Choosing a credit card in Malaysia can come with the best rewards when you know how to discern important factors such as interest rates, fees, and benefits offered. That’s why it’s important to compare and weigh out the pros and cons that come with each credit card. When you finally find what you want, you’ll feel good knowing it’ll give you the best value possible.
This article is exclusively written for by The Malaysia’s leading comparison portal for credit cards which helps consumers in finding the best perks, promos and low interest rates. Please do check our website to learn more.
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1 comment

  1. I prefer cashback credit card which offers direct benefits over each of my transactions. On the other hand, observe your spending habits, as each shopping mall will have their dedicated bank credit cards, which offer more benefits for the bank cards.

    Example: Midvalley/the Gardens: HSBC cards

    You'll gain more savings then.


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