When you apply for a credit card that is specialized for cashback offers, you will basically get BACK cash when you make a purchase of a certain kind or certain amount. Many card issuers offer these awesome credit card benefits in the form of cash rebates or cashback points. Today’s topic covered the Top 10 Best Cashback Credit Card Malaysia 2022.
So, if you want a credit card that not only supports your financial needs, but also has a ton of cashback advantages to offer you serious savings, this is the right place to find the best cashback credit card available in Malaysia.
What are the 10 best cashback credit card Malaysia?
There is no lack of credit cards in Malaysia. So, the best thing is to pick one that can fulfill your needs in the best possible way. Yet, you conceivably don’t have that much an ideal opportunity to go through days on checking through all the credit cards. Therefore, here we have the top 10 best cashback credit card Malaysia to help you choose which one is the best one you can go with. So delve in and pick the one that best suits your requirements.
Standard Chartered JustOne Platinum MasterCard
You can avail this card with as little as RM 3,000 monthly income.
Would you go for a Cashback credit card that has minimum annual free and can get cashback on everything you choose to buy? Then, standard Chartered JustOne Platinum MasterCard is just the thing you are looking for.
Withdraw RM 3,000 cash daily to pay for your expenses at only a 15% interest rate per annum. The rate will remain equivalent to as long as the card is used consistently. This card is the best one to get you that additional pad of money at least to spare in your everyday expenses.
Find out more about this Standard Chartered credit card:
Best Features:
- Withdraw cash at a low fixed rate of 9.88% p.a.
- Convert outstanding credit at a lower interest rate after 12 months
- Flexibility to opt-out from automatic conversions
- No termination cost for settling early
- Balance transfer fee starting from 5.99% per annum
Cashback Benefits:
- Upto 15% cashback on petrol every month
- Unlimited 0.2% cashback on dining every month
- Get 10% cashback if you spend a minimum of RM 1,500 or more
- Get 0.2% cashback if if you spend a minimum of RM 1,000
Who is it for?
- Mid-level income earners
- People who want unlimited cashback
Eligibility Criteria:
- Minimum monthly income is RM,3000
- Principal cardholder, 21 years old or above
- Supplementary cardholder, 18 years old or above
Citi CashBack Mastercard
You can avail this card credit with as little as RM 3,000 monthly income.
Just began your new job and need some additional bucks to facilitate your funds? Do not worry, we have the best cashback credit card Malaysia for you. The Citi cashback credit card is for anybody with a base pay level of just RM 3,000.
Additionally, you can withdraw RM 3,000 every day to make the most of your days without stressing your wallet for pennies. All in all, this Citi cashback credit card is good to use nearly anything you spend on from commuting, dining, shopping, and petrol.
Find out more about this Citi credit card:
Best Features:
- Get upto 50% exclusive rebates in Malaysia and 30% in other countries as Citibank member
- Pay bills via monthly instalments
- 0% processing fee for instalments
Cashback Benefits:
- Up to 10% cashback on dining, grocery, petrol and grab spending
- Unlimited 0.2% cashback on other expenses
Who is it for?
- Mid-level income earners
- Diverse cashback opportunity
Eligibility Criteria:
- Minimum monthly income is RM,3000
- Principal cardholder, 21 years old or above
- Supplementary cardholder, 18 years old or above
Citi Cash Back Platinum Mastercard
You can avail this credit card with as little as RM 5,000 monthly income.
With RM 195 annual fee, the Citi Cashback Platinum Mastercard stirs up cashback offers on everything important to let you spare a little on your normal spending. From magnificent refunds to your statement balance to general discounts from renowned merchants, life will be simple having this credit card next to you.
Find out more about this Citi credit card:
Best Features:
- Lower management fee of 13% per annum and no early termination
- Flexibility for emergencies or when card-i payment is not acceptable
- Instant withdrawal from any ATM
- Secure a one-time password for each purchase.
Cashback Benefits:
- 8% Cashback for Groceries and Petrol spend
- 8% Cashback for e-walled spend
- 0.2% Cashback for another spending.
Who is it for?
- Low-level income earners
- Who wants to get more at less price
Eligibility Criteria:
- Minimum monthly income is RM,3000
- Principal cardholder, 21 years old or above
- Supplementary cardholder, 18 years old or above
HSBC Amanah MPower Visa Platinum Credit Card-i
You can avail this credit card with as little as RM 3,000 monthly income.
With an RM 250 annual fee this card doesn’t play around with regards to your regular needs. It offers you a loan of RM 5,000 day by day with a financing cost as low as 15% per annum. As long as you pay consistently on schedule, this loan fee will doubtlessly beat the infinite cashback you will appreciate throughout the year.
If you like to travel frequently for excursions or gatherings and meetings, you have travel and retail assurance to make your journey more pleasurable. The card offers you up to 505 discounts within Malaysia and up to 30% outside of Malaysia.
Find out more about this HSBC credit card:
Best Features:
- Repayment period up to 60 months
- Upfront cash available up the credit limit
- Zero processing fee and affordable installments
- Converts bills into monthly installments.
Cashback Benefits:
- Up to 10% cashback on Dining and Grocery
- No cashback accumulation required
- Up to 10% cashback on Petrol and grab spend.
Who is it for?
- Low-level income earners
- Frequent travelers
- Who wants to get more at less price
- Who enjoy savings from expenditures
Eligibility Criteria:
- Minimum monthly income is RM,5000
- Cardholder age should be 21 at least
- Supplementary cardholder age should be 18 at least
Standard Chartered Liverpool FC Cashback
You can avail this credit card with as little as RM 3,000 monthly income.
Standard Chartered Liverpool FC Cashback charges only RM175 with up to 15% of the cashback rate. This one is best as it allows the user to withdraw 100% of the credit limit in advance whenever needed.
This is the perfect credit card to depend on if you run out of cash for your emergency cost and daily expense. There isn’t any hidden cost at all and the cashback feature allows you to run the house with more flexibility.
Find out more about this Standard Chartered credit card:
Best Features:
- Balance transfer at a low fixed rate of 5.99%
- Replacement for a stolen or lost card is easy
- Zero processing fee and affordable installments
Cashback Benefits:
- 5% Cashback for RM1500 min monthly spend
- 3% Cashback for RM800 min monthly spend
- 2% for RM500 min spend.
Who is it for?
- Who wants to pay low monthly or yearly charges.
- If one wants a card for coverage and protection
- Mid-level earners.
Eligibility Criteria:
- Minimum monthly income is RM,3000
- Cardholder age should be 21 at least
- Supplementary cardholder age should be 18 at least
Maybank FC Barcelona Visa Signature
You can avail this credit card with as little as RM 4,000 monthly income.
Maybank FC Barcelona is for you if you are looking for a card that can leave some extra even after covering your monthly expenses. This is the best one with the lowest minimum cost as it doesn’t charge an annual fee. Also, the balance transfer charge is 0%.
Besides, starting at an interest rate of 15% p.a., you can get a principal card as well as a supplementary card at an additional cost of RM 30. This gives you the freedom to use the credit card flexibly with your partner without any hassle.
Find out more about this Maybank credit card:
Best Features:
- Up to RM500,000 travel insurance coverage
- No balance transfer fee
- No annual fee
- Easy multiple bill payments.
Cashback Benefits:
- 1% Cashback for all spendings
- 10% Discount on FCB official online
- 5% Discount on the FCBotiga store.
- Concierge service by visa signature
Who is it for?
- For this who don’t like to pay annual fee
- Anyone who wants travel insurance protection
- Anyone interested in ion FCB official stores.
Eligibility Criteria:
- Minimum monthly income is RM,4000
- Cardholder age should be 21 at least
- Supplementary cardholder age should be 18 at least
UOB Lady’s Classic Mastercard
You can avail this credit card with as little as RM 2,000 monthly income.
If you are a woman who is interested in jewelry and fashion accessories then UOB lady’s Classic MasterCard is the best credit card for you. With just MR 68 annual fee and a 6% balance transfer fee, you can use this card as much as you want with many cashback benefits.
Ah now…you must be thinking that it is not suitable for men then! But we beg to differ. Have you ever noticed that the most expensive expenditure often goes into buying a nice gift for your wife or girlfriend. So, if you empower them with their own credit card, then they can enjoy great cashback on their favorite items cutting down the monthly cost significantly.
Go for this one without thinking anymore if you don’t want to spend much on annual fees and are fond of fashion accessories.
Find out more about this UOB credit card:
Best Features:
- Annual Fee of just RM 68
- Only 6% Balance transfer
- Easy multiple bill payments.
Cashback Benefits:
- 10% Cashback for weekend fashion purchases
- New luxury purchase worth 6 or 12 months with 0% installment payment plan
Who is it for?
- Who doesn’t want to pay an annual fee.
- Ladies who are more interested in fashion accessories
- Ladies who want to buy fashion accessories on installment plans.
Eligibility Criteria:
- Minimum monthly income is RM,2000
- Cardholder age should be 21 at least
- Supplementary cardholder age should be 18 at least
- Women only
UOB Lady’s Platinum Mastercard
You can apply for this credit card with as little as RM 4,000 monthly income.
UOB Lady’s Platinum MasterCard is for the ladies from a deep interest in jewelry. Especially for those who buy jewelry on a regular basis. If you are that type of woman you should go for this option as it is better as compared to others especially when it comes to women’s fashion accessories.
And wondering why should women have all the fun? Well, if you recommend your wife or girlfriend to take this credit card, they will be super impressed with you as they will get great discounts and benefits on their fashion extravaganza. So, make your wife happy with this credit card’s awesome cashback options.
It has a negligible annual fee of RM 128 with an interest rate of 15% per annum. This is more than enough for the jewelry enthusiasts out there.
Find out more about this UOB credit card:
Best Features:
- Annual Fee of just RM 128
- Only 6% Balance transfer
- Easy multiple bill payments.
Cashback Benefits:
- 10% Cashback for weekend fashion purchases
- New luxury purchase worth 6 or 12 months with 0% installment payment plan
Who is it for?
- Who doesn’t want to pay an annual fee.
- Ladies who are more interested in fashion accessories
- Ladies who want to buy fashion accessories on installment plans.
Eligibility Criteria:
- Minimum monthly income is RM,2000
- Cardholder age should be 21 at least
- Supplementary cardholder age should be 18 at least
- Women only
Hong Leong WISE Gold Card
You can avail this credit card with as little as RM 2,000 monthly income.
Hong Leong is another credit card that offers awesome flexibility, especially in the early days. You should go for it if you have just started the job and have a minimum salary of RM 2000. The annual fee is just RM 98 which is much affordable.
Find out more about this Hong Leong credit card:
Best Features:
- RM 98 is an annual fee which is not much
- Retail of just MR 500 is required to get an 8% cashback.
Cashback Benefits:
- 8% cashback from selected categories of Mobile, Pharmacies, Utilities, etc.
- Retail of just MR 500 is required to get an 8% cashback.
Who is it for?
- Low-level income earners
- Those who have versatility in expenditures
Eligibility Criteria:
- Minimum monthly income is RM,3000
- Cardholder age should be 21 at least
- Supplementary cardholder age should be 18 at least
Public Bank Visa Signature Credit Card
You can avail this credit card with as little as RM 6,667 monthly income.
Having an annual fee just of RM 338, you can withdraw up to 90% of your credit limit to get that extra cushion of money for your living. You can even use the money to start something on the side without having to burden yourself with any long term loan.
Find out more about this PB credit card:
Best Features:
- 6% Cashback for groceries, Dining, and online spend
- 1 VIP point on retail transactions
- Access to Malaysian Plaza Lounges
Cashback Benefits:
- Outstanding credit card balances are converted at a lower interest rate after every 12 months.
- Freedom to opt-out from automatic conversions
- Balance transfer at a low fixed interest of 3% per annum.
- Advance cash at a fixed low rate of 9.88% per annum
Who is it for?
- High-level income earners
- People who want extra benefits along with basic service
Eligibility Criteria:
- The minimum monthly income is RM,6667
- Cardholder age should be 21 at least
- Supplementary cardholder age should be 18 at least
Checklist of some things to look at when you choose a cashback credit card
Annual Fee
Look for a free annual fee if you are on a budget leash. Try which would lower your cost.
Interest Rate
Go with the lower interest rate and low penalties so that when you take out credit, your cost is affordable and manageable for regular payments without any stress or burden.
Withdrawal limit
A monthly withdrawal credit limit should be good if you have to stick to budget otherwise consider credit that gives 80-90% withdrawal.
FAQ
How to check how much cashback points I have?
You can check the cashback amount through online/mobile banking, email, and monthly statements. Also, you can call the bank and ask for the information you need
What happens to the cashback if I return a product I have purchased which was supposed to give me cashback?
You can’t avail the benefits once you return the product, also the cashback would be deducted. As per the policy, they would deduct the previously earned cashback when a refund is made.
Can I apply for a credit if I don’t have any prior credit history?
- Make sure that the income declared in the application is solely yours and it is enough to repay your balance
- Your parents can act as a guarantor if they have a good credit card history and you would also be able to get a preferred interest rate.
Conclusion
If you have come this far, you have effectively utilized those 10 minutes since now you recognize which ones are the best cashback credit card Malaysia. You should simply pick the one that suits your requirements and standards. If you have a name in mind, get your telephone and apply for the card which can turn out to be your best financial companion in the future.