The best eWallet credit cards can benefit you in a variety of ways. Usually, you'll be able to leverage on the points collected when topping up your e-wallet, or enjoy cashback when you top-up. Here are our top picks for the best credit cards for e-wallets in Malaysia:
RHB's Shell Visa Credit Card is the first on our list. We're recommending this card because they offer 5% cashback when you top up your e-wallet. That's 5% more savings for you every time!
Apart from being e-wallet friendly, this card also offers 12% cashback when you refill your car at any Shell station, capped at RM50 a month. If you drive a lot, this is the card for you.
The RHB Shell Visa is one of the best cards for cashback as it also offers 5% cashback for online, supermarket and utility bills spend. There's also a 0.2% cashback when you spend on anything else.
If you're a fan of cashback credit cards, the Standard Chartered Simply Cash hits all the rights buttons. This card provides up to 15% cashback on e-wallet spend, which is among the highest we've seen. Apart from eWallet top-ups, you'll also enjoy this high cashback rate when you spend on petrol, dining and groceries.
Standard Chartered is also very generous with their credit card promotions. No matter which credit card you own, you can take advantage of their RM1 year-long deals, fine dining deals, The Good Life® privileges, health & wellness offers, travel perks and so much more.
Standard Chartered also has ongoing offers where you can convert large purchases into 0% interest rate instalments and be rewarded.
If you're a big fan of collecting points and using them to redeem rewards, the CIMB e Credit Card is for you. This card lets you collect Bonus Points when you spend on e-wallet top-ups, contactless spend, auto-billing and online transactions.
Enjoy up to 12X Bonus Points for every RM1 spent on eDAY, which falls on the 28th of every month. On every other day, you'll be able to collect 3X Bonus Points for each Ringgit you spend. All other transactions apart from e-wallets, contactless spend, auto billing and online spend will earn you 1X Bonus Points.
All these Bonus Points can be used to redeem a whole range of prizes including kitchen appliances, household needs, travel accessories, health and wellness products, gadgets and more. You can even turn your bonus points into Air Miles and Hotel privilege points.
Enjoy ZERO annual fee on this card until 31st December 2025.
Alliance Bank's Visa Platinum offers you a point collection system with a difference. Their Timeless Bonus Points never expire, so there's no pressure to collect and use them within a limited time frame.
With the Visa Platinum, you can earn as much as 8X Timeless Bonus Points when you top up your e-wallet or perform online transactions. There's also 3X TBPs on dining and overseas spend.
All of these TBPs can then be exchanged for AirMiles, retail vouchers, gadgets and more. This card is one of the best in out list in terms or overall rewards, and is bound to satisfy your craving for freebies.
UOB World is a credit card that rewards both e-wallet use and your desire to travel. To top the list, they offer 12X UNIRM points for selected e-wallet reloads (Touch 'n Go, Boost and BigPay).
For the avid traveller, there's also 5X UNIRM points to collect on overseas spend. Additionally, you can enjoy 6X access to Plaza Premium Lounge yearly.
That's not all. Cardholders will be rewarded with 5X UNIRM points for supermarket, hypermarket and department store spend. All other transactions get 1X UNIRM points too. If you spend more than RM48,000 per year on the card, you can get up to 125,000 bonus UNIRM points for free.
The uptake of e-wallets in Malaysia may still be in its infancy, but there's definitely progress. Most Malaysians know what is an e-wallet, and how to register for e wallet apps already.
The main difference between a credit card and e-wallet is that a credit card allows you to purchase on credit. This means settling the bill for your purchase at a later date.
E-wallets, on the other hand, have to be topped up with a balance first before they can be used for transactions. This can be done through a number of ways including debiting a savings account or charging to a credit card.
Once there is sufficient balance in your e-wallet app, you can pay by scanning a QR code, generating a QR code, manually choosing a recipient and others.
Many people find that e-wallets help them manage their budgets better as they can control the amount they deposit into it every month. No matter which e-wallet you use, you stand to benefit when you use the right credit card to top-up your funds.