Best Rewards Credit Cards in Malaysia

Compare and Apply for The Best Rewards Credit Cards

What are rewards credit cards?
A rewards credit card gives you reward points on your credit card purchases. By using your card to spend money in various categories 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 program.

What kind of rewards do I get to redeem?
You can redeem your reward points for a variety of items and even vouchers! Some banks also allow you to use your accumulated points to pay for your card’s annual fee or to offset payments for the next billing cycle.

Which credit cards have the best reward points?
We highly recommend that you find and compare credit cards that can reward you with the best points on categories you spend the most on every month such as petrol, grocery shopping, paying for utilities, etc. Some of the best rewards credit cards include the following.

For grocery shopping:

Alliance Bank Visa Infinite Credit Card
• Get 5X Timeless Bonus Points for every RM1 spent on groceries, including spending overseas and dining
• Get 1X Timeless Bonus Points per RM1 when you use a contactless method (tap/ swipe) on your grocery purchases

For online shopping:

Maybank Shopee Visa Platinum
• Get 5X Shopee Coins for every RM1 spent on Shopee Special Days (Pay Day, CNY, Hari Raya, 9.9, 11.11, 12.12, etc.)
• Get 4X Shopee Coins for every RM1 spent on Dining, Entertainment and Contactless Transaction made on Shopee Special Days
• Get 2X Shopee Coins for every RM1 spent on Shopee, Dining, Entertainment and Contactless Transaction made on Normal Days
• Get 1X Shopee Coins for other types of spending
• Earn 5,000 Welcome Shopee Coins upon card activation and when you spend a minimum of RM300 on accumulation purchases in the first two months

HSBC Visa Signature
• Get 8X Reward Points for every Ringgit spent online and overseas spending (using foreign currency)
• Get 5X Reward Points for every Ringgit spent online and in-store shopping spending (using local currency)

For petrol:

Petronas Maybank Visa Gold
• Get 8X TreatsPoints for every RM1 spent on the weekends at Petronas station nationwide
• Get 5X TreatsPoints for every RM1 spent on the weekdays at Petronas station nationwide

UOB Preferred Card
• Get 3X UNIRM for petrol spend (limited to RM500) including recurring transactions
• Enjoy 1-for-1 drinks at selected Coffee Bean & Tea Leaf outlets nationwide, from Monday to Friday

Will my collected reward points expire?
Yes, most reward points programs have a fixed expiration date, typically 3 years, on their reward points. Make sure you are aware of the expiration date, and use your rewards points before they expire.

How can I earn more reward points?
You can earn more reward points by increasing your spending. Most reward credit cards use a tier system that increases the number of rewards you get when your total spend passes a certain threshold. You can also gain more reward points by looking for specific credit card promotions. Additionally, you can increase your reward points by using your credit cards in the right spending categories.

Do all credit cards offer reward points?
Although it is very common, not all credit cards offer reward points. These cards are a specific type of credit card that often has deals with other parties, such as retailers or flight operators. Depending on your spending pattern, choose a rewards credit card that allows you to collect the most reward points.

How can I compare and choose the best rewards credit card in Malaysia?
There are a lot of different rewards credit cards in Malaysia and comparing them between all banks can be tedious. Therefore, using a comparison site such as CompareHero, you can easily compare rewards credit cards and apply online, anytime and anywhere!