Top 5 Rewards Credit Cards In Malaysia 2018 (Extra Bonus Points)


top five best rewards credit cards

Updated on March 9, 2018.

Having the best rewards credit card is essential to make sure your spending is worth the value. Why waste the chance to redeem a free flight or the latest IT gadget today when you can easily treat yourself to goodies of your choice? All you need is the right credit card with a great reward points program.

With so many cards in the market, we are here to help you by selecting the five best rewards credit cards that will offer you the most value for your spend.

Top 5 Rewards Credit Cards
Cards Reward Program Maximum Spend/Reward Points Earned
HSBC Visa Platinum Card HSBC Rewards Programme Maximum spend amount of RM3,000 per month. maximum of 700 million Reward Points to be given out throughout the Programme Period from Jan 1 – June 30 2017.
Alliance Bank Platinum Visa Timeless Bonus Points (TBP) No maximum spend
AmBank BonusLink Visa Gold BonusLink For 30 BonusLink Points:RM10 redemption ratio, cardholder’s points is capped at 3,000 points per month. However, you can still collect 3 BonusLink points for every RM10 spent with this card after you have reached the limit
UOB Lady’s Mastercard UNIRinggit Maximum points earned for Classic, Platinum and Solitaire cards are 3,000, 5,000, and 8,000 respectively per month
Maybank Petronas Visa TreatPoints No maximum spend required but 8x TreatPoints for grocery shopping is only available on the weekend


Top 5 Rewards Credit Cards

1. HSBC Visa Platinum Card

HSBC Visa Signature Platinum Card 8X Rewards Points for Mid Valley Megamall & The Gardens Mall spend cta-apply-now

With this card, you are automatically entitled to HSBC’s Rewards Programme that allows cardholders to redeem rewards including IT gadgets, household items, electrical products, vouchers for merchants such as Giant, and also air miles’ from Malaysia Airlines, Singapore Airlines as well as Cathay Pacific Airlines.

With up to 8x Reward Points on every spend in over 30 malls, you can easily accumulate enough reward points to redeem your desired free gift or flight ticket for your dream holiday.

30 Malls that Offer Up to 8x Reward Points for HSBC Visa Platinum Card:

Klang Valley

Johor East Malaysia

Penang

Mid Valley Megamall

1 Utama KSL City Mall 1Borneo Hypermall Gurney Plaza
The Gardens Mall The Curve AEON Tebrau City

Queensbay Mall

1 Mont Kiara

IPC Shopping Centre Sutera Mall Gurney Paragon Mall
Bangsar Shopping Centre Paradigm Mall Johor Premium Outlets

Sunway Carnival

Bangsar Village

Tropicana City Mall

Johor Bahru City Square

Lot 10

Empire Shopping Gallery

Low Yat Plaza

Sunway Pyramid
Publika Shopping Gallery

Setia City Mall

Hartamas Shopping Centre

Sunway Putra Mall
Pavilion Kuala Lumpur

Atria Shopping Gallery

Suria KLCC

Nu Sentral
Sungei Wang Plaza

IOI City Mall

Sogo

Starhill Gallery

However, you should take note that the 8x Reward Points are only limited to two malls and for a maximum spend of RM3,000 monthly. Check out this link to see all the products available for HSBC’s Reward Program redemption.

Minimum salary requirement to apply for this card:

RM36,000 per annum
Annual Fees:

RM240

Interest Rate (per annum) :

15%

Get this card if you are:

  • A frequent shopping mall shopper. Whether it’s within Klang Valley, Johor, Penang or East Malaysia, this card works hard to churn out the best rewards for your spending at these malls.

2. Alliance Bank Platinum Visa

Alliance Bank Platinum Visa
3X Timeless Bonus Points for Overseas spend
2X Timeless Bonus Points for Grocery, Petrol and Utility spend & 1X for Other spend
cta-apply-now

If you are a frequent traveler, this card might be the perfect fit for you. This card allows you to enroll in Alliance Bank’s Reward Program to collect their Timeless Bonus Points (TBP) that does not expire. You will get:

  • 3x TBP for every RM1 spent on overseas retail
  • 2x TBP for every RM1 spent on petrol, grocery & utility
  • 1x TBP for every RM1 spent on all other domestic retail

From electrical appliances to personal products, you can take the time you need to redeem the products that suit you best in this catalog. Or else, aim for the air miles conversion to speed up your free flight redemption!

Enrich Miles

  • 6000 TBP = 1000 Enrich Miles

AirAsia BIG Points (for VISA Credit Card only)

  • 3000 TBP = 1000 BIG Points

The best part is, you get unlimited access to KLIA Plaza Premium Lounge and enjoy complimentary beverages, seats, and watch movies before boarding the next flight.

Minimum salary requirement to apply for this card:

RM60,000 per annum
Annual Fees:

RM465

Interest Rate (per annum) :

15-18%

Get this card if you:

  • Love to travel and want to enjoy waiting for your next flight at a lounge. This card allows you to boost your flight redemption from both AirAsia and Malaysia Airlines with its reward points program.
  • Would like to get an annual fee waiver. You can use this card for free if you spend a minimum RM5,000 or swipe 12 times within 12-month period. This can save you quite a lot of money over time if you fulfill the requirement.
  • Like reward points that do not expire. This card has it!

3. AmBank BonusLink Visa

AmBank BonusLink Visa Gold 30 BonusLink Points for every RM10 spent on Shell petrol, Parkson purchases, Dining, Grocery, Online & Entertainment spend cta-apply-now

This 2-in-1 Card acts as both a credit card and a BonusLink card for you to enjoy the best of both worlds with one swipe. You can collect 30 BonusLink Points* for every RM10 spent on selected retail transactions including Shell petrol stations, Parkson purchases, dining, groceries, online transactions, and also entertainment spend such as movie tickets, bowling alleys & more!

On top of that, you can collect two sets of BonusLink Points at BonusLink Partner outlets and speed up your redemption game! If you are shopping at other brands that are not BonusLink Partners, you can also earn BonusLink Points.

Cards Local Transactions

Overseas Transactions

BonusLink VISA Signature and VISA Platinum Cardholders Collect 3 BonusLink Points for every RM10 spent on other local retail transactions

Collect 6 BonusLink Points for every RM10 spent overseas

BonusLink VISA Gold Cardholders

Collect 3 BonusLink Points for every RM10 spent on other local retail transactions

Collect 3 BonusLink Points for every RM10 spent overseas

You can also enjoy up to 5x complimentary lounge access throughout the year plus 25% discount on all lounges in Malaysia and 20% discount on all lounges overseas for each accompanying guest. If you use this card to purchase your flight ticket, you can enjoy up to RM1 mil of free travel insurance coverage too!

Minimum salary requirement to apply for this card:

RM24,000 per annum

Annual Fees:

RM225

Interest Rate (per annum) :

15%

Get this card if you are:

  • A loyal member of the BonusLink program. You can speed up your point redemption game with this card.

4. UOB Lady’s Mastercard

UOB Lady's Mastercard 10% Cashback for Weekend Fashion Purchases cta-apply-now

This card is designed to reward the ladies with both an irresistible reward program and cashback rate. Let’s talk about the cashback rates first, you get to enjoy 10% cashback on your weekend shopping for clothing, accessories, luggage, and even cosmetic products!

Types of Lady’s Card

Minimum Qualifying
Spend in a calendar
month
Maximum Cash Back to be awarded per calendar month Minimum salary requirement per annum to apply for this card: Annual Fees:

Interest Rate (per annum) :

Classic

RM300 RM30 RM24,000 RM68 15%
Platinum RM500 RM50 RM48,000 RM128

15%

Solitaire

RM800 RM80 RM10,000 RM300

15%


Check out the terms and conditions to learn more. 

When you successfully applied for this card, you are also automatically enrolled for its reward program, UNIRinggit that allows you to earn one UNIRinggit (point) for every RM1 charged to this card for any retail purchases. If you spend on head-to-toe beauty treatments during the weekend, you can earn 10X UNIRinggit to boost your reward points!

The card also offers 6 or 12-month 0% installment payment plans for luxury purchases (jewelry, shoes or bags) worth RM2,000 or more. Similar to other rewards redemption program, UNIRinggit by UOB offers an attractive list of goods, vouchers, and air miles of your choice.

Get this card if you are:

  • A lady that believes in rewarding yourself for every single ringgit you spend! This uniquely designed card and its rewards program allow you to shop for your favorite dress and beauty treatment. Also, do not forget it also has cashback rate up to 10%! Sorry, guys but this card is for ladies only.

5. Maybank Petronas Visa

Maybank Petronas Visa 8X TreatsPoints for PETRONAS & Grocery Weekend spend cta-apply-now

With no annual fee for life, this is a great card, especially for entry-level executives to use for their spending with a wide range of products available for redemption through Maybank’s exclusive reward program, TreatsPoints.

This card allows you to accumulate 5x TreatsPoints on weekdays and 8x TreatsPoints on the weekend whenever you spend at Petronas service stations while collecting 8x TreatsPoints for spend on groceries every weekend. Check out the catalogue for the latest and chic products available for redemption by Maybank: Part 1, Part 2.

You are also entitled to enjoy discounted rates from Malaysia Airlines, Singapore Airlines or any airlines of your choice, and exclusive Etiqa Takaful Mutiara Plus Plan that provides you with both protection and investment for only RM10 per month.

You should also know that you can enjoy a number of exclusive deals with this card such as 20% off redBus purchases, 10% off Lazada every Wednesday, and much more!

Minimum salary requirement to apply for this card:

RM30,000 per annum
Annual Fees:

N/A

Interest Rate (per annum) :

15%

Get this card if you:

  • Want to save on your petrol and you are also a loyal customer of Petronas petrol stations. This card offers extra TreatPoints accumulation for every ringgit spent in Petronas petrol stations. (Tip: Use it on the weekend.)
  • Are applying for your first credit card. This card does not charge annual fees for life and offers great reward programs with redemption ranging from cool gadgets to air miles!

We hope this article helps you gain a better idea of the rewards credit card you should apply to get the rewards that suit you!