The Best Credit Cards in Malaysia for 2018

|Posted by | Credit Card, Money Matters, Money Tips

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Looking for a credit card that best suits your spending style? You’re in luck! We’ve compiled the best credit cards in Malaysia for 2018. So whether you’re looking for a rewards credit card, petrol, cashback, Islamic or even a basic credit card – we’ve sorted it all out for you. Read on to find the best credit card in Malaysia for you!

Best Basic Credit Cards

Maybank 2 Gold Card

Why settle for one when you can get 2 cards? With the Maybank 2 Gold Card, you will get to enjoy the benefits of two cards which are the Maybank2 MasterCard and Maybank2 American Express Card. Only one sign up is required and you will be able to keep tabs on both cards through one statement. Among the benefits of the cards are as below:

  • 5x TreatsPoints for spending on Maybank2 American Express Card in Malaysia and Overseas
  • 1x TreatsPoints for spending on Maybank2 Mastercard
  • Lifetime Fee Waiver for principal and supplementary cards

Requirements:

  • Minimum monthly income of RM2,500 (RM30,000 per annum)
maybankardgoldmastercard 5x TreatsPoints for spending on Maybank2 American Express Card (Weekends Only) d cta-apply-now

BSN Classic Card

For a no fuss basic credit card, why not consider the BSN Classic Card? You won’t have to worry about the annual fee as it is waived, and another plus point of this card is the low interest. Aside from that, you will also be entitled to free travel insurance and benefits when you purchase your travel tickets with this card.

Lost or Delayed Luggage (more than 48 hours)

Up to RM1,000

Flight Delay (more than 6 hours)

Up to RM300

Missed Connection (more than 4 hours)

Up to RM300

Requirements:

  • Minimum monthly income of RM2,000 (RM24,000 per annum)

bsnclassicvisa Free travel insurance cta-apply-now

UOB One Card

If you’re an entertainment lover and looking for your first credit card, this is the ideal card for you! You’ll get cashback when you watch movies at GSC and also when you pump petrol. Additionally, you can also save money when you charge your groceries to this card. The benefits of the UOB One Card are:

  • Unlimited cashback at Golden Screen Cinemas (GSC).
  • Maximum petrol spending of RM300 per month is entitled for cashback, valid at all petrol stations.
  • Maximum of RM1,000 spend on groceries and RM200 on telco will be entitled for cashback.
  • Cardholders also get to enjoy the SMART$ rebates for more savings.

Requirements:

  • Minimum monthly income of RM2,000 (RM24,000 per annum)
  • RM68 annual fee for principal card and RM30 for supplementary card. You can enjoy an annual fee waiver with 16,000 UNIRinggit
uobonevisa Unlimited cashback at Golden Screen Cinemas (GSC) cta-apply-now

Best Petrol Credit Cards

Standard Chartered JustOne Platinum Card

Save money when you fill up for petrol and get other benefits too with Standard Chartered JustOne Platinum Card! Check out the savings you can get below:

However, take note that there is a cashback cap for retail spending and a minimum petrol spend amount as stated above in order to be eligible for cashback.

Requirements:

  • Minimum monthly income of RM2,000 (RM24,000 per annum)
  • Annual fee is RM265
Print Earn more than RM1,000 cashback a year cta-apply-now

Petronas Maybank Visa

This is another card you can consider to help you save on your petrol cost. You will also get additional privileges from this card as below:

  • 8x TreatsPoints on weekends
  • 5x TreatsPoints on weekdays

Plus point, the more points you collect, the more free petrol you can redeem!

Requirements:

  • Minimum monthly income of RM2,500 (RM30,000 per annum)
  • Lifetime free annual fees
petronasmaybankplatinumvisa Earn 8x TreatsPoints on weekends cta-apply-now

Shell-Citi Gold Credit Card

If you want to save on your petrol spending and have exclusive privileges, this card may be the one you’re looking for. You can enjoy rebates of up to 8^ on petrol per the table below.

Tier

Monthly Total Spending (RM) (Dining, travelling, bills, groceries)

Rebate on Shell Fuel Spending

Max. Monthly Shell Fuel Spending Eligible For Rebates (RM)

1*

300 – 999

4.0%

250

2**

1000 – 2499

6.0%

500

3***

Above 2500

8.0%

800

*     Monthly cap of RM10

**   Monthly cap of RM30

*** Monthly cap of RM64

As a cardholder, you will also have access to perks like preferential treatment and discounts at over 25,000 dining, travel, golfing and shopping establishments worldwide!

Requirements:

  • Minimum monthly income of RM2,000 (RM24,000 per annum)
  • Annual fees RM206.70 per annum for principal card, RM106.00 for supplementary card. No annual fees for the first year by using the card three times within 60 days of card approval.
citishellvisa Earn up to 8% cashback cta-apply-now

Best Cashback Credit Cards

Hong Leong Wise Card

This is one of the best cards if you’re on the lookout for cashback. Enjoy 10% cash back with a minimum of 10 retails transactions monthly of minimum RM50 per transactions! The best part is that you get to choose the spending categories of your choice so this card can suit your spending habits and maximize your cashback!

Requirements:

  • Minimum monthly income of RM2,000 (RM24,000 per annum)
  • Annual fee: RM169.90 for Principal cardholders and RM84.80 for supplementary card holders
hongleongwisegoldvisa Earn up to 10% cashback cta-apply-now

Public Bank Visa Signature

This is an ideal card for those who enjoy the finer things in life. Firstly, you can shop hassle free with the Visa payWave. Then you’ll get 6% cashback on local or overseas spending when you charge your groceries, dining and online spending to this card. But take note that cashback will be capped at RM50 per month.

Requirements:

  • Minimum monthly income of RM8,333 (RM100,000 per annum)
  • Annual fee of RM411.28 (GST included) for principal cardholder and RM212 (GST included) for supplementary card holders, eligible for waiver with a minimum of 12 swipes in 12 months.
publicbanksignaturevisa Earn up to 6% cashback cta-apply-now

RHB Smart Value Card

If you’re looking for both a cashback card and a card that can reward you for shopping and entertainment, this is the card you should consider! Cashback information for this credit card is as per below:

  • 5% Cashback for Petrol, Groceries, Online & Utilities spend
  • 0.2% Cashback for Other spend

Requirements:

  • Minimum monthly income of RM2,000 (RM24,000 per annum)
  • Annual fee: RM74.20 for principal cardholder and RM42.40 for supplementary cardholder
rhbsmartvaluevisamastercard Earn up to 5% cashback cta-apply-now

Best Islamic Credit Cards

Maybank Islamic MasterCard Ikhwan Gold Card

This is an ideal credit card for those looking for a basic card, or for those who want a basic and Islamic credit card. Features of this card are as below:

  • 5% rebate on petrol and groceries spend on Friday and Saturday.
  • Free Maybank Touch ‘n Go Zing card.
  • Cardcare Takaful plan which is available for all Maybank Islamic Ikhwan Visa and American Express cardholders. With contribution of RM0.28 a month for every RM100 of your outstanding card balance you will be covered of up to RM100,000. The coverage will be on your credit card debt in the event of sickness or accident.

As for the cashback, you will need to charge at least RM1,000 monthly to this card to receive the RM50 maximum monthly cashback.

Requirement:

  • Minimum income RM2,500 (RM30,000 per annum)
maybankislamicpetronasikhwangoldivisa-1 Earn up to 5% cashback cta-apply-now

HSBC Amanah Mpower Platinum Credit Card-i

If you want a card that gives you access to platinum privileges whilst being Shariah compliant, this card can deliver that to you.

Benefits of this card is as below:

  • Good cashback program that helps you get the most of your purchases.

Cashback Category

Cashback Rate

Monthly Cap

Spend

Petrol and Groceries

2%

RM50

RM2,000 or less monthly

Petrol and Groceries

8%

RM50

RM2,000 or above monthly

Local spending

0.2%

Uncapped

No minimum spending amount needed

  • 20 day grace period for all shopping transactions, provided that all outstanding balance stated in the monthly statement from the previous month is fully paid.
  • The HSBC Smart Privileges gives you discounts, free gifts, free drinks and more at participating retail outlets and hotels.
  • Premium privileges and offers from Visa, among which are discounts and Visa concierge services.

Requirement:

  • Minimum income RM2,500 (RM30,000 per annum)
  • Annual fees: RM95.40 for Primary card and RM47.40 for supplementary card. You will be eligible for annual fee waiver with a minimum of 12 swipes per year.
hsbcamanahmpowerplatinumivisa Earn up to 8% cashback cta-apply-now

Best Rewards Credit Cards

Citi Rewards Platinum Card

This is one of the best credit card for a reward hunter because it offers customisable categories where you get to choose how you earn your rewards. Cardholders will get 5x reward points when shopping at participating merchants which includes categories like shopping, entertainment, travel and more. Then, you get to use the points you’ve collected to spend at participating stores like Parksons, Marks& Spencer, Uniqlo and more as Instant Rewards. You could also use the points to redeem gifts, air tickets and cash voucher from the Rewards Catalogue.

Requirement:

  • Minimum income RM3,000 (RM24,000 per annum)
  • Annual fees of RM106 with 2 free categories for the first year for principal cardholders. Waived when card is swiped 3 times within 60 days of approval; complimentary for supplementary cardholders.
citirewardsplatinumvisa Earn 5x reward points when shopping at participating merchants cta-apply-now

Are you excited to get one of these credit cards? Apply with us now and get a complimentary gift!

Fara Joifin

About Fara Joifin

Fara was a Senior Content Writer at CompareHero.my. She has moved on to greater things but her words live on here.