The Best CashBack Credit Cards For Groceries

There are many different cashback credit cards available in Malaysia, so it's important to choose one that's right for you. Let’s explore the top credit cards that offer fantastic cashback rewards for grocery spending.

Best Cashback Credit Cards For Groceries In 2023

Cashback credit card	Grocery cashback rate	Minimum monthly spend	Annual fee	Participating merchants	Other perks
AEON BiG Visa Gold Card	5% at AEON BiG Capped at RM100 per month	None	RM95 (Waived for the first year. Consecutive year's fee is waived with 12 swipes annually)	AEON stores	Cashback at All petrol stations, complimentary access to Plaza Premium Lounge and up to RM200,000 travel insurance coverage
RHB Cash Back Visa Credit Card	5% Capped at RM10 per month	RM2,500 and above	None	Giant, Hero Hypermarket, Jaya Grocer, Lotus's, Mercato Centrale	Cashback at all petrol stations, 0% for up to 36 months instalment plans
Standard Chartered Simply Cash Credit Card	15% Capped at RM60 per month	RM2,500 and above	RM 250 (waived in the first year, subsequent years waived with minimum spend of RM12,000)	AEON, AEON BIG, Ben’s Independent Grocer, Cold Storage, ECONSAVE, Everrise, Giant, Jaya Grocer, and more	Cashback on petrol, e-wallet and dining
Maybank Visa Signature	5% Capped at RM88	No	RM 550 (Waived in the first year, subsequent years waived with minimum spend of RM 30,000)	Jaya Grocer, Lotus, Mydin, NSK	Earn TreatsPoints on selected spending and convert it to cash, up to RM2million travel insurance coverage
Hong Leong WISE Gold Card	1% on weekdays 8% on weekends Capped at RM15	RM500	RM98	AEON Stores, Ben’s Grocer, Cold Storage, Econsave Cash & Carry	Cashback at all petrol stations, dining and online spend.

Related: Cashback Credit Card Guide

Criteria for Choosing a Groceries Cashback Credit Card

To determine which credit card is better based on cashback rates for grocery spending, follow these steps:

Identify Your Grocery Spending

Determine your typical monthly or yearly grocery expenses. This will serve as the basis for your cashback calculations.

Do the Math

Calculate the cashback you would earn with each card based on your estimated grocery spending. Multiply the cashback rate by your grocery expenses to find out how much cashback you can expect to earn. For example, if you spend RM500 on groceries and the card offers 5% cashback, you would earn RM25 in cashback for that spending.

Consider Any Caps or Limits

Be aware of any cashback caps or limits imposed by the cards. Some cards may limit the amount of cashback you can earn in a month or during a specific period. Take this into account when calculating your potential earnings.

Factor in Annual Fees

Consider any annual fees associated with the cards. Subtract these fees from your calculated cashback earnings to determine your net cashback. If the card offers high cashback but has a substantial annual fee, it may not be as advantageous as a card with slightly lower cashback and no annual fee.

Review Other Benefits

Beyond cashback rates, evaluate the additional benefits offered by the cards, such as discounts, rewards, and insurance coverage. These can enhance the overall value of the card.

Consider Your Overall Spending

Think about your spending habits beyond just groceries. Some cards offer cashback for various categories like dining, utilities, and entertainment. If you spend in these categories too, a card with a broader cashback program might be a better choice.