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Compare all rewards credit cards

What are Rewards Credit Cards?

A rewards credit card gives you rewards on your credit card purchases. By using your credit card to spend money in various areas such as groceries or petrol, you will receive a percentage of your spending back in the form of reward points as part of the issuing bank's loyalty programme.
Rewards credit cards allow you to collect and accumulate rewards points that can be traded for a range of benefits, such as vouchers and discounts.
You can redeem your rewards points for a variety of items or vouchers. Some banks also allow you to use your points to pay for your card's annual fee or to offset payments for the next billing cycle.
To find out which credit cards offer the best rewards, you can use our site to compare rewards credit cards for cashback rates and rewards points received.
Yes, most rewards points programs have a fixed expiration date on their rewards points. Make sure you are aware of the expiration date, and use your rewards points before they expire.
You can earn more rewards points by increasing your spending. Most reward cards use a tier system that increases the number of rewards you get per RM if your total spend passes a certain threshold. You can also gain more rewards points by looking for specific credit card promotions. Lastly, you can increase your rewards point by using your credit cards in the right spending categories. For example, use a petrol cashback card for your petrol purchases and an Air Miles card for your plane tickets.
Although it is very common, not all credit cards offer rewards. Rewards credit cards are a specific type of credit cards that often have deals with other parties, such as retailers or flight operators. Depending on your spending pattern, you can choose a rewards credit card that allows you to collect the most rewards.
There are a lot of different rewards credit cards in Malaysia. Comparing rewards card for all banks in Malaysia can be tedious. By using a comparison site such as ComparHero.my, you can compare rewards credit cards quick and easy.
Depending on your credit score, you may be able to hold multiple credit cards. However, the number of credit cards you have and your repayment behaviour will affect your credit score. In 2011, Bank Negara Malaysia introduced a guideline stating that anyone with an annual income of RM36,000 or less can hold credit cards from a maximum of two issuers. Focus on choosing one or two credit cards which suit you and your requirements best. Eventually, if you prove your good repayment behaviour, you will be offered a higher credit limit.
As long as you pay your credit card in full and on the date in your credit card statement, you do not have to pay interest on your credit card.
In order to be eligible for a credit card in Malaysia, you need to be at least 21 years old and financially stable. Each credit card issuer has its own minimum annual income requirement. In most cases, a minimum annual income of RM24,000 is required, but this could vary from bank to bank. You don't need to have an existing account with a bank to apply for a credit card from them.Remember to always research the best credit cards before applying!
If you're earning an annual income of RM36,000 or less, the maximum limit extended to you will not exceed twice your monthly income for every credit card issuer. This guideline does not apply if you are earning more than RM36,000 per annum, so you should consult your credit card issuer in Malaysia to find out how much your credit limit will be. Your credit limit can also be raised if you show good repayment behaviour. You can talk to your credit card issuer about raising your credit limit.
You can call the bank to ask for a review in your application. However, approval for an increase in credit limit is usually determined on your credit score. By being prompt in paying your monthly bills, the bank might increase your credit limit.
Choose a credit card that complements your lifestyle. Cashback cards help you save on groceries, petrol, and dining. Air miles cards let you earn miles for every RM1 you spend, which you can redeem for free tickets. Rewards cards let you earn points for every RM1 you spend, which you can redeem for vouchers.By using our comparison tools, you can quickly see which credit card has benefits that are most useful to you. Make sure to compare annual fees and effective interest rates so you know what extra charges apply.
Credit card issuers provide various methods of payment, from online banking, paying through telephone or mail, or visiting a branch of the bank to settle the balance. The most convenient method is to create a bank account and have credit card balances deducted automatically every month.
The processing time varies depending on the card issuer, but as soon as your application has been approved, it normally takes 7 to 10 working days until you receive your card. Make sure that you submit all the relevant documents so that your application can be processed as quickly as possible.
If you suspect an unauthorised transaction has been made on your account, check if you made any other purchases on the same day before contacting your bank. The item could have been mistakenly billed under a different name. Also, ask anyone who uses the card with your permission (such as your partner) if they made the purchase. Once you have confirmed that the transaction was unauthorised, contact your credit card issuer immediately. Credit card issuers provide 24/7 customer service to address these matters, so do not hesitate to take immediate action. Failure to do so could make you liable for the unauthorised transactions charged to your credit card.