Invest From As Low As RM10 With GoInvest Using Your Touch ‘n Go eWallet

• By Dharshaini Grace
• August 19, 2022

ICYMI, you can now invest via Touch ‘n Go eWallet! Introducing GOInvest, a digital investment platform by Touch ‘n Group in partnership with Principal Asset Management. 

Made for all Malaysians, GOinvest’s first product is the Principal Islamic Money Market Fund where Touch ‘n Go eWallet users, aged 18 years and above, can start investing as little as RM10 in the Shariah-compliant fund. With this, you get to earn up to 2.85%*p.a returns! 

“GOinvest is set to disrupt the investment landscape where conventional investment products are intended only for those who can afford larger investment sums. GOinvest caters to the affordability of everyday Malaysians, offering investment products which are low-ticket and easy to understand, and simplifying the investment process. The innovation and technology deployed through Touch ‘n Go eWallet allow Malaysians the flexibility of investing anytime, anywhere,” said Touch ‘n Go Digital Sdn Bhd CEO Alan Ni.

With better return rate and flexibility than your bank deposit products, there’s no lock-in period or early withdrawal fees. Just cash out when you need it! You can also set a personalised investment goal, whether it’s for vacation, education or even a wedding. 

According to Principal Malaysia CEO and country head Munirah Khairuddin, the Principal Islamic Money Market Fund is a low-risk fund, which offers long-term returns to investors to help them build enough savings amid future inflation.

How to get started on GOinvest? 

For existing GO+ investor:

Step 1: Download and register with Touch ‘n Go eWallet.

Step 2: Click on GOinvest. 

Step 3: Select your financial goal.

Step 4: Set up how much you want to invest and how long you will have to achieve it you financial goal.

Step 5: The Investment Platform will calculate how much you need to invest in a month and display your projected return.

Step 6: You can then make your first Cash In for your selected goal via Touch ‘n GO eWallet balance or FPX online banking.

If you are not an existing GO+ investor: 

Step 1: Click on GOinvest.

Step 2: Perform eKYC.

Step 3: Select your financial goal.

Step 4: Set up how much you want to invest and how long you will have to achieve your financial goal. 

Step 5: The Investment Platform will calculate how much you need to invest in a month and display your projected return.

Step 6: You can then make your first cash-in for your selected financial goal via Touch ‘n GO eWallet balance or FPX online banking.

Want to claim your *FREE Touch ‘n Go eWallet Credit? Get yours here!

*Terms and conditions apply.

Malaysians Love Free Gifts! Here’s How You Can Claim Yours

• By Dharshaini Grace
• August 17, 2022

There’s no denying that everyone loves free gifts! In fact, sometimes we find ourselves getting more excited over the free gifts than the actual product or service that we’ve spent on.

Lucky for you, at CompareHero, we’re all about making the most of your money’s worth. Check out our August giveaways! 

1. Citi Credit Card Free Gifts 

Gift 1: RM1,000 Touch ‘n Go eWallet Credit

Gift 2: RM1,000 Cash via DuitNow

Ka-ching, ka-ching, cash is king! Choose between RM 1,000 Touch ‘n Go eWallet Credit or RM1,000 Cash via DuitNow when you apply, activate and spend with Citi Credit Card. Click here to apply now.

Here’s what you’ll enjoy from Citi Credit Cards: 

⭐3-Year Annual Fee Waiver upon approval!

⭐Up to 10% cash back (Citi Cash Back Card); 

⭐12x Rewards points on eWallet Spend (Citi Rewards Card). 

⭐ Min. monthly income RM2,000

The campaign runs from 16 – 22 August 2022. Click here to apply now.

2. HSBC Credit Card Free Gifts

Gift 1: Apple AirPods (3rd generation) Worth RM829

Gift 2: RM400 Touch ‘n Go eWallet Credit 

How ‘bout getting new AirPods to put you in a good mood with good music? With HSBC, it’s absolutely FREE! Bring home a brand new Apple AirPods worth RM829 or RM400 Touch ‘n Go eWallet Credit when you apply, activate and spend with HSBC Credit Cards. Click here to apply now.

If you don’t own a credit card yet, consider getting the HSBC Platinum Mastercard Credit Card: 

⭐ 8X Reward Points for Contactless spend (Mastercard Tap & Go™, Visa payWave or Samsung Pay).

⭐ 5x Reward Points on Online, Groceries and Overseas Spend

⭐  Minimum monthly income RM3,000.

The campaign runs from 16 – 31 August 2022. Click here to apply now.

3. Aeon Credit Card Free Gifts 

Gift 1: Russell Taylors Air Fryer Z1G worth RM450

Gift 2: RM250 Cash via DuitNow

Want your very own air fryer to cook healthy meals for your loved ones? Get an Aeon Credit Card and select your free gifts; Russell Taylors Air Fryer Z1G worth RM450 or RM250 Cash via DuitNow! Click here to apply now. 

Apply and spend with an Aeon Credit Card to enjoy: 

⭐ Up to 5% Cashback bonuses!

⭐  AEON points with bonus up to 4X the points for selected transactions

⭐  Balance Transfer Plan available too with 3% interest for 12-months. 

The campaign runs from 16 – 31 August 2022. Click here to apply now. 

4. Standard Chartered Credit Card Free Gifts 

Gift 1: RM200 Touch ‘n Go eWallet Credit

Gift 2: RM200 Cash via DuitNow

If you’re interested to get a Standard Chartered Credit Card, here’s a free gift you could be getting – RM200 Touch ‘n Go eWallet Credit or RM200 Cash via DuitNow! Just apply, activate and spend with a Standard Chartered Credit Card today. Click here to apply now.

Take advantage of these perks: 

⭐ Buy now, pay later with 0% instalment plan over 3 months

⭐ Enjoy up to 15% cashback on online purchases, grocery and petrol

⭐ Minimum monthly income RM3,000.

The campaign runs from 16 – 31 August 2022. Click here to apply now. 

5. Alliance Credit Card Free Gifts 

Gift 1: RM200 Touch ‘n Go eWallet Credit 

Gift 2: RM200 Cash via DuitNow

Here’s another cash gift – we’re letting you pick between RM200 Touch ‘n Go eWallet Credit or RM200 Cash via DuitNow! Claim your gift from us today when you apply, activate and sign up for Balance Transfer with Alliance Bank Credit Card. Psst, you get to also enjoy a 0% Balance Transfer for 12 months! Click here to apply now. 

⭐ Zero percent Balance Transfer for 12 months. 

⭐ Only for Alliance Bank Visa Platinum, Alliance Bank Visa Signature or Alliance Bank Visa Infinite. 

⭐Minimum monthly income RM2,000.

The campaign runs from 6 August – 7 September 2022. Click here to apply now.

Did any of these free gifts catch your eye? Wait no more and claim your FREE gift now when you apply any of these credit cards! But be sure to read the terms and conditions before submitting your application.

PS; we’d love to see you with your free gifts, so don’t forget to tag @comparehero.my on Instagram! 

Financial Privileges Malaysians Get To Enjoy!

• By adji.hendrawan
• August 16, 2022

Malaysia is going to celebrate its 65th anniversary of independence this year! To help you get in the patriotic mode, we have listed a few financial privileges only Malaysians get to enjoy in this article. 

Housing schemes for all income groups in Malaysia

No doubt, housing prices are getting ridiculous nowadays but thanks to housing schemes that are now available for all income groups, home ownership has become possible. #FYI, Malaysians are categorized into three different income groups: Top 20% (T20), Middle 40% (M40), and Bottom 40% (B40). Let’s find out what housing schemes are available for all income groups.

T20 housing scheme

PRIMA

Aiming to provide high-quality housing for Malaysians, PR1MA houses are priced between RM100,000 and RM400,000. Technically PR1MA housing is not exclusive to T20 income groups however you are eligible to apply if you have an individual or combined household income of RM2,500 – RM15,000.

Other eligibility criteria: 

• Malaysian citizen
• Be over the age of 21
• Own no more than one property between you and your spouse

Related: Find out which income groups you belong to, here. 

B40 and M40 housing schemes

Rent-To-Own (RTO)

First announced in Budget 2020, Rent-To-Own (RTO) is one of the government initiatives to help out Malaysians that couldn’t afford to own a house. It’s a scheme that allows you to lease a selected property for up to 5 years before purchasing it. You can then purchase the property at a price stated in the rental agreement when the lease was first signed! 

Read more on RTO, here.

Residensi Wilayah 

Previously known as RUMAWIP, Residensi Wilayah is an affordable housing program for those who were born, working, or living in any Federal Territories to own their first property. All Residensi Wilayah units are below the market price. Here are details on the types of properties you can purchase under the program: 

Low-priced house

Built-up: 700 sq ft

Price: RM63,000 (KL and Putrajaya), RM52,000 (Labuan)

Medium low-priced house

Built-up: 800 sq ft

Price: RM63,001 – RM150,000

Medium-priced house

Built-up: 650 sq ft

Price: RM150,001-RM300,000

For freelancers or with irregular incomes

BSN MyHome Program Perumahan Rakyat

BSN MyHome is a housing loan offered to freelancers and people with irregular incomes to buy their first home by Bank Simpanan Nasional (BSN). The minimum income required to apply for the BSN MyHome initiative is only RM1,000! With the loan amount capped at RM300,000, you are entitled to 100% financing.

Healthcare 

Malaysia doesn’t offer free healthcare (yet) but the government heavily subsidizes the cost of healthcare at public facilities. Take a look at the below initiatives by the government to extend help to Malaysians in need. 

mySalam National Health Protection Scheme

mySalam is a government initiative to provide eligible Malaysians with free takaful protection. Recipients of mySalam are entitled to a one-time RM8,000 cash payout upon diagnosis of one of the 45 Critical Illnesses and RM50 daily hospitalization income replacement up to RM700 per annum at any government, military, or university hospital. Find out if you’re eligible for the mySalam scheme, here.

Peka B40

Peka B40 or Skim Peduli Kesihatan for the B40 income group aims to provide healthcare needs by focusing on non-communicable diseases (NCDs). This scheme is eligible for those aged 40 and above and recipients of Bantuan Prihatin Rakyat and their registered spouses. Among the benefits you get to enjoy with this scheme are:

• Health screening at MOH or private clinics
• Up to RM20,000 of the health item value
• Completing cancer treatment incentive up to RM1,000
• Transport incentive up to RM1,000

i-Lindung

Launched by Employees Provident Fund (EPF), members can purchase protection products such as insurance/takaful products from Insurance & Takaful Operators (ITOs) via i-Lindung. Currently, FWD, eTiQa, and Prudential offer 10 different insurance products through this initiative. Of these 10 products, some offer protection benefits for death, total permanent disability (TPD), and critical-illness policies. Learn more about i-Lindung at this link.

Our powerful passport!

Do you know that the Malaysian passport is ranked the 9th most powerful passport in the world by the 2022 Passport Index?

Yes!!!

We are free to travel to 111 countries without a visa! Tourist visa requirements can be expensive and complicated. Let us look at an example: If you’re planning to travel to Italy, you are required to pay around RM428.00 (USD96) for a tourist visa however, if you hold a Malaysian passport, you get to enter the land of pasta, pizza, and gelato for FREE! 

Malaysia’s subsidies

Malaysia’s subsidies have been such a hot topic in recent years. This year alone, the total amount of subsidies is expected to reach RM80 billion! But do you know what’s been subsidized? 

To help fellow Malaysians with rising living costs, the government has provided various consumption subsidies including:

• Petrol
• Cooking oil
• Diesel
• Flour 
• Electricity
• 6 other government aids and subsidies

Finally, we must know what privileges we are entitled to as Malaysians. You may not need it but would be helpful to pass the information to those in need. If you’re eligible for any of the listed schemes and privileges, make sure to utilize them!

Enjoy Amazing Rewards When You Use Apple Pay With These Banks In M’sia

• By Dharshaini Grace
• August 12, 2022

Apple Pay is now officially available in Malaysia! The mobile payment service that launched on 9th August 2022 allows consumers to perform contactless payment through their iOS devices such as iPhone, Apple Watch, iPad, and Mac. 

“We are delighted to bring Apple Pay to Malaysia, providing an easier, safer, and more secure way to pay with iPhone, Apple Watch, iPad, and Mac. We think users will love the convenience and security of using Apple Pay. Our customers in Malaysia will benefit from using Apple Pay with the support of the most popular banks, merchants, and our customers’ favourite apps”, says Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet. 

There’s more good news for you! Supporting banks; Maybank, AmBank, and Standard Chartered are offering amazing perks for you to enjoy when you make a transaction using Apple Pay. 

1. Maybank 

Cashback Rewards 

• Enjoy RM10 cashback when you make a minimum purchase of RM100 using Apple Pay with a Maybank Mastercard or Visa Card. 
• Each eligible card member is entitled to one (1) unit of cashback only throughout the promotion period.

Machines 

• Get 10% OFF Apple original accessories at Machines stores when you pay using Apple Pay with a Maybank Card.
• The discount is capped at RM200.
• The promotion is excluding AirPods. 

Starbucks 

• Get RM10 OFF food & beverage with a minimum spend of RM30 in a single receipt at Starbucks when you pay using Apple Pay with a Maybank Card.
• Discount is valid at all Starbucks nationwide EXCEPT for Starbucks Reserve Bar.

TGV Cinemas 

• Get 1 complimentary regular-sized Signature popcorn when you purchase 1 regular-sized Signature popcorn at TGV Cinemas when you pay using Apple Pay with a Maybank Card. 
• The promotion is available at the concession counter only. Not valid for transactions made via TGV Cinemas’ web, app or kiosk.

Promotion Period: Valid till 31 August 2022. For more information, click here. 

2. AmBank 

50% Cashback Rewards 

• Be rewarded with 50% cashback when you make your first transaction using Apple Pay with AmBank Credit Card/-i. 
• Cashback is capped at RM20. 

RM50 Cashback On Apple Devices

• Purchase an Apple device with your Ambank Credit Card/-i. 
• Add your card to the Apple Wallet app and perform your first transaction with Apple Pay to get rewarded. 
• Apple device price must be purchased at a min. RM849.

RM218 Cashback Rewards 

• Enjoy RM218 cashback when you sign up for an AmBank SIGNATURE Priority Banking Visa Infinite Credit Card/-i. 
• You must perform 8 transactions (min. spend of RM10) via Apple Pay to get RM218 cashback. 

RM158 Cashback Rewards 

• Get RM158 Cashback when you sign up for an AmBank Credit/-i. 
• Activate your Apple Pay and perform 8 transactions (min. Spend of RM10) via Apple Pay. 

Promotion Period: Valid till 31 October 2022. For more information, click here. 

3. Standard Chartered Bank 

Cashback Rewards 

• Get up to 100% cashback on your first Apple Pay transaction. 

Promotion is valid till 18 Aug 2022. For more information, click here. 

Want to know more about Apple Pay? We’ve got you covered. Discover Apple Pay right here.

5 Habits To Help You Achieve Financial Freedom ASAP

• By adji.hendrawan
• August 10, 2022

Imagine not worrying about how to make ends meet anymore. Yeah, that’s the simplest way to explain what financial freedom is! The definition of financial freedom can be very subjective depending on your needs and goals. For some people, it could mean debt-free; for some, financial freedom means having enough to afford the lifestyle of your dreams. No matter how you perceive financial freedom, you can achieve it! Adopt these 5 habits to help you achieve financial freedom ASAP!

1. Track every cent

Do you know where your every cent goes? If you don’t, start tracking now. Understanding your finances is crucial if you want to achieve financial freedom. You need to know how much debt you have, and your monthly expenses: money-in, and money-out, so you can plan your finances. Tracking your money can be a tedious job but it will pay off in the long run. You will be more cautious about what you spend your money on. 

Check out 10 Free Budgeting Apps That Can Help Track Your Expense

2. Ask yourself, “Do I need this?”

Make it a habit to question yourself before purchasing anything. Before you get the overpriced coffee, ask yourself questions like: “Do I need this?” and “Are there any cheaper options?”. Only proceed if you can justify your purchase. Most of the time, we purchase something because it’s part of our routine: there’s an overpriced coffee shop near your office so it’s already your routine to stop by before clocking in. 

We get it that most of us can’t operate without a cup of coffee in the morning, so try getting a cup of coffee that’s more affordable and within your budget, it doesn’t always have to be coffee in that white and green cup! If you find it hard to stop your overpriced coffee addiction routine, try to break the cycle by slowly getting the coffee every alternate day and start to reduce the frequency. Opt for cheaper alternatives or learn to make a cup of coffee yourself. 

3. Pay your debt on time

Another surefire way to achieve financial freedom ASAP is by paying off all your debts. Instead of paying the minimum amount, try to bump up your payments. You might have to sacrifice a lot of things to make this approach work but it will be worth it once you clear off your debt. If you don’t think this work for you, check out 3 other ways you can settle your debts, here. 

No matter which approach you choose to pay off your debt, make sure to pay it on time!

4. Be consistent with your savings

You know the importance of setting aside a percentage of your income for future use. The only issue here is staying consistent. We get it! That’s the hardest part for most people. Try to automate your savings. Set an amount you want to save every month and arrange an auto-debit to a special account just for savings. Click here to learn more about savings account options.

Related: Avoid These 5 Bad Payday Habits If You’re Broke All The Time

Another way to be consistent with your savings is to challenge yourself. Have a goal and try to achieve it within a specific timeframe. You’ll be more committed! 

5. Live within your means

 We tend to follow trends, especially in this digital era: Everyone is using iWatch, so you feel the need to get one for yourself and “abuse” the BNPL feature to pay for it or perhaps book an impulsive vacation after viewing your friends’ posted vacation pictures…

If you continue to keep up with such trends, you’ll forever be in debt! Clear off your debt and avoid getting into a new one. Only spend what you earn! You can also make full use of your credit card if you own any to pay for your daily expenses. Try these simple tips to avoid overspending on your credit card.

Related: Should you pay for your daily expenses with Cash or Credit Card?

Achieving financial freedom requires a lot of effort and sacrifices, but it’s doable if you discipline yourself and are committed to your goal. Try to incorporate some of these habits into your daily life to help you achieve financial freedom!