Best Cashback Credit Cards in Malaysia 2021

Category: Credit Card

Cashback credit cards can help reduce your daily expenses—as they give you rebates at supermarkets, department stores, petrol stations, convenience stores, and others places where you shop for daily necessities. Some credit cards also offer rebates for dining and entertainment.

However, how do you decide on which cashback credit card to get? Here, we have compiled a list of the best cashback credit cards in Malaysia. Check out their cashback rates and other rewards here.

Credit cardFeaturesRequirementsFees

CIMB PETRONAS Mastercard®

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RM2,000/month
Minimum Monthly Income

7%
Cashback Rate

RM0
Annual Fee

  • 7% cash rebate for Setel transaction at PETRONAS with statement balance of RM1,500 and above
  • 5% cash rebate with statement balance of RM1,500 and above at PETRONAS using CIMB PETRONAS Platinum-i
  • 3% cash rebate with statement balance below RM1,500 at PETRONAS using CIMB PETRONAS Platinum-i
  • 0.2% cash rebate on other retails spend
  • Exciting benefits at Automobile related partners (Lim Tayar/Cars/Raytech CS)
  • 0% Easy Payment Plan for selected auto-related merchant
  • Minimum Age: 21
  • Minimum Annual Income: RM24,000
  • Minimum Age-Supplementary Cardholder: 18
  • Annual Fee: RM0/year
  • Annual Fee Waiver: Yes
  • Late Payment Fee: RM 10/1%
  • Interest Rate: 15%
  • Balance Transfer Rate (Fixed): 7.99%

Citi Cash Back Card

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RM3,000/month
Minimum Monthly Income

10%
Cashback Rate

RM120
Annual Fee

  • 10% Cashback for Dining, Grocery, Petrol, Grab, FoodPanda, and DeliverEat spend
  • 0.2% for Other spend
  • No minimum Cashback accumulation required
  • 10% Cashback requires total monthly spend of RM800 and above
  • 10% Monthly Cashback capped at RM10
  • Transactions such as Cash Advance, GST or applicable Fee & Charges are not eligible for earning of rebates
  • Minimum Age: 21
  • Minimum Annual Income: RM36,000
  • Minimum Age-Supplementary Cardholder: 18
  • Annual Fee: RM120/year
  • Late Payment Fee: RM10/1%
  • Interest Rate: 15%
  • Balance Transfer Rate (Fixed): 5.32%

Standard Chartered Smart Credit Card

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RM3,000/month
Minimum Monthly Income

30%
Cashback Rate

RM120
Annual Fee

  • 30% Cashback for e-commerce spend on Lazada, Shopee, Touch’ N Go eWallet, Boost, GrabPay, Boost, Taobao, FavePay, and Zalora
  • 6% Cashback for digital lifestyle spend at Netflix, Spotify, PlayStation, Steam, Astro, Joox, iQIYI
  • 30% dining cashback and up to 20% off at participating restaurants
  • 20% discount for online shopping at online stores: Lazada, PrestoMall, Shopee, Superbuy, Zalora
  • 30% Cashback capped at RM30 per month
  • 6% Cashback for digital lifestyle cap at RM20 per month
  • Minimum spend of RM1,000 per month
  • Minimum Age: 21
  • Minimum Annual Income: RM36,000
  • Minimum Age-Supplementary Cardholder: 18
  • Annual Fee: RM120/year
  • Annual Fee Waiver: Yes
  • Late Payment Fee: RM10/1%
  • Interest Rate: 15%
  • Balance Transfer Rate (Fixed): 5.99%

Maybank 2 Gold Card

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RM2,500/month
Minimum Monthly Income

5%
Cashback Rate

RM0
Annual Fee

  • 5X TreatsPoints for all spend on American Express Reserve card, locally and overseas
  • 1X TreatsPoints for Visa/Mastercard® spend
  • 5% Cashback for American Express Card spend
  • ZERO Annual Fee
  • Up to 50% savings at all SPG Hotels & Resorts in Malaysia
  • TreatsPoints not applicable for Government Agency spend
  • Cashback limited to Weekend spend only
  • Monthly Cashback capped at RM50
  • Minimum Age: 21
  • Minimum Annual Income: RM30,000
  • Minimum Age-Supplementary Cardholder: 18
  • Annual Fee: RM175/year
  • Annual Fee Waiver: Yes
  • Late Payment Fee: RM10/1%
  • Interest Rate:15%
  • Balance Transfer Rate (Fixed): 5.99%

HSBC Amanah MPower Visa Platinum Credit Card-i

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RM3,000/month
Minimum Monthly Income

8%
Cashback Rate

RM240
Annual Fee

  • 8% Cashback for Petrol & Groceries spend
  • 8% Cashback for eWallet spend (GrabPay, SamsungPay, FavePay and Touch and Go)
  • 0.2% Cashback for Other spend
  • Exclusive deals and special VIP treatments while enjoying great savings at more than 6,500 shopping outlets nationwide
  • 1% contribution* on Charity Spend
  • Made from 85% recycled plastic (starting January 2021)
  • 8% Cashback requires total monthly spend of RM2,000 and above
  • Monthly Cashback capped at RM15
  • Minimum Age: 21
  • Minimum Annual Income: RM36,000
  • Minimum Age-Supplementary Cardholder: 18
  • Annual Fee: RM240/year
  • Annual Fee Waiver: Yes
  • Late Payment Fee: RM10/1%
  • Interest Rate: 15%
  • Balance Transfer Rate (Fixed): 6.96%

Lowest minimum monthly income requirement

Fresh graduates will be delighted to know that the CIMB Petronas Mastercard only requires its applicant to have a minimum monthly income of RM2,000 per month.

As someone who is entering the employment market, you most likely will need to buy your own car to commute to the office or run errands. This card can help you save money on petrol, as it offers up to 7% in cash rebate for Setel transactions at PETRONAS if you have a statement balance of RM1,500 and above.

You can also enjoy various perks at automobile-related stores such as Lim Tayar and Raytech CS. A selection of auto-related merchants will also offer a 0% easy payment plan, so be sure to check with the outlets.

Related: What’s The Right Credit Card for You? A Guide According To Your Life Stages


Ideal for fresh graduates, the CIMB Petronas Mastercard only requires its applicant to have a minimum monthly income of RM2,000.

Highest cashback rate

The Standard Chartered Smart credit card is the card to get if you are looking for a card with the highest cashback rate. Enjoy 30% cashback when you spend on  Lazada, Shopee, Touch’ N Go eWallet, Boost, GrabPay, Boost, Taobao, FavePay, and Zalora. Besides shopping benefits, you can also receive up to 6% cashback when you make purchases on Netflix, Spotify, PlayStation, Steam, Astro, Joox, or iQIYI platform.

Related: Ultimate Guide To E-Wallet In Malaysia – Which Should You Get?

Lowest annual fee

CIMB PETRONAS Mastercard and Maybank 2 Gold card users do not have to pay any annual fees yearly, while the HSBC Amanah MPower Visa Platinum Credit Card-i charges an annual fee of RM240 a year. If you are a Citi Cash Back Card or Standard Chartered Smart Credit Card user, you’ll have to pay RM120 a year for each card.

Related: Credit Card 101: Everything You Need To Know About Credit Card

Lowest interest rate

Every card featured above has a similar interest rate, which is set at 15%. However, as long as you use your credit card wisely and pay your bills on time, you won’t have to worry about accumulating interest.

If you are looking for other cashback credit cards that suit your needs, feel free to visit our card comparison page. Apply for a card with us today and you could be rewarded with prizes and cash!