Looking for a credit card? A simple shortlist of the best credit cards in Malaysia by categories for cashback, air miles, balance transfer, insurance, and airport lounge access.
Updated: Jun 20, 2023
Directory: Jump To
Cashback
- Maybankard 2 Gold/Platinum Credit Card
- Affin Duo
- Maybank FCB Visa Signature
- HSBC Amanah MPower Visa Platinum Credit Card-i
- Public Bank Visa Signature Credit Card
- Public Bank Quantum Visa/MasterCard
- CIMB Cash Rebate Platinum MasterCard
- OCBC World MasterCard
- Hong Leong WISE Credit Card
- UOB One Credit Card
- Standard Chartered JustOne Platinum MasterCard
- OCBC Cashflo MasterCard
Air Miles & Lounge Access
- Air Miles: Maybank AMEX Krisflyer Credit Card
- Air Miles: Standard Chartered Journey Credit Card
- Air Miles: Maybank 2 Cards Premier Reserve Credit Card
- Travel & Plaza Premium Lounge: Citi PremierMiles Visa
Best Cashback Credit Cards
Maybankard 2 Gold/Platinum Credit Card
Pros
- 2 cards AmEx & a Visa/MasterCard (at a single Government Tax of RM50).
- AmEx 5% cashback on all categories including petrol (but excluding Utilities and Government Bodies) on weekends.
- AmEx 5x Treats Points (~1.25% spending) on Petrol (Up to RM500 per calendar month) on weekdays.
- AmEx 5x Treats Points (~1.25% spending) which you can change for vouchers etc (no max limit) on weekdays.
- AmEx 2x Treats Points (~0.5% spending) for Government Bodies, Education Institutions & Insurance Providers on weekdays.
- Travel insurance up to RM700,000 when you charge your travel ticket in full using Platinum.
Cons
- AmEx not accepted at all retailers
- AmEx Wave (pinless feature) only available at selected terminals (more common in Singapore)
- Visa/MasterCard gives you only 1x Treats Points (~0.2% spending)
- AmEx no longer gives Treats Points on weekends (effective Jun 2019)
- Maybank cards no longer give Treats Point or cashback for e-wallet top ups (effective Jul 2019)
- Cashback capped at RM50 per month
Details
- Annual fee: Lifetime fee waiver
- Minimum annual income: RM30,000 (RM60,000 for Platinum)
- Platinum gives you extra travel insurance coverage & retail protection
- More info on Maybank 2 Card (Gold)
- More info on Maybank 2 Card (Platinum)
Affin Duo Credit Card
Pros
- Visa: 3% cashback on e-wallet, online & auto-billing
- MasterCard: 3x Affin Rewards Points on dining, groceries & petrol
- Cashback capped at RM80 per month
Cons
- Affin Rewards Points low redemption value of 450 points = RM1 makes rewards point equivalent 0.67%
Details
- Annual fee: 3 years waived & subsequently 12 retail transactions (RM75)
- Minimum annual income: RM24,000
- More info on Affin Duo
Maybank FC Barcelona Visa Signature Credit Card
Pros
- 1% cashback on all categories excluding Utilities and Government Bodies (all year long)
- Visa Airport Speed Pass
- Visa Signature Concierge Service
- Up to RM500,000 Travel Insurance Coverage
Cons
- Cashback capped at RM50 per month
Details
- Annual fee: Lifetime fee waiver
- Minimum annual income: RM48,000
- More info on Maybank FCB Visa Signature
HSBC Amanah MPower Visa Platinum Credit Card-i
Pros
- 8% cashback on eWallet, Groceries & Petrol (capped at RM15 per category)
- 0.2% cashback unlimited on other eligible spending
Cons
- Cashback capped at RM50 per month
- Annual fee
Details
- Annual fee: RM255
- Minimum annual income: RM36,000
- More info on HSBC Amanah MPower Visa Platinum Credit Card-i
Public Bank Visa Signature Credit Card
Pros
- 6% Cash Back on Grocery, Dining and Online Transaction
- 1 VIP Point for every RM1 spend on other retail transactions
- 2x complimentary access to any Malaysia Plaza Premium Lounge (25% off for subsequent)
- Free Automatic Travel Insurance up to RM500,000
Cons
- Cashback capped at RM38 per month (separate limits for primary and supplementary card)
- Comparatively higher minimum annual income required to apply
Details
- Annual fee: First year waiver and subsequent years min 12x swipes (else RM411)
- Minimum annual income: RM100,000
- More info on PB Visa Signature
Public Bank Quantum Visa/MasterCard
Pros
- 5% cashback on online transactions for MasterCard
- 5% cashback for contactless transactions with min RM30 per transaction for Visa
- 2x VIP Points for overseas retail spending
- 1x VIP Points for local retail spending
- 1% 12 months IPP with min purchase RM1,200 (Previously 0%)
- e-Commerce Purchase Protection up to USD200 for incomplete/wrong/undelivered/damaged purchases (Mastercard only)
Cons
- Cashback capped at RM30 per month (RM360 per year)
- VIP points expire after 3 years
Details
- Annual fee: Lifetime fee waiver
- Minimum annual income: RM36,000
- More info on Public Bank Quantum Visa/MasterCard
CIMB Cash Rebate Platinum MasterCard
Pros
- 12% cashback on weekend dining (until May 31, 2020)
- 5% cash rebate on cinemas, groceries, petrol, mobile and utility bill payments with total card min spend RM3,000
- 5% cash rebate on mobile & utility bill payments with standing instructions and total card min spend RM3,000
- 0.2% unlimited Cash Rebate on other retail spend
- 10% cash rebate on monthly interest paid (on outstanding balance charges)
Cons
- Cashback capped at RM30 per month (RM360 per year) for online spending
Details
- Annual fee: Lifetime fee waiver
- Minimum annual income: RM24,000
- More info on CIMB Cash Rebate Platinum MasterCard
OCBC World MasterCard
Pros
- 1.2% cashback on first RM1,000 monthly spending
- 0.6% cashback on subsequent spending
- Unlimited cashback limit at 0.6%
- Complimentary travel insurance when you purchase airline tickets
- 2X free access per calendar year to the KLIA Plaza Premium Lounge
- No annual fee for the first 3 years
Cons
- RM388 per annum annual fee (after first 3 years)
Details
- Minimum annual income: RM100,000
- More info on OCBC World MasterCard
Hong Leong WISE Credit Card
Pros
- 8% cashback on weekends petrol, groceries and dining with min spend RM500/mth
- 1% cashback on weekdays petrol, groceries and dining with min spend RM500/mth
Cons
- 0.25% cash back for other transactions
- No other reward points
- Removal of all previous categories options of Pharmacies, Departmental, Book Stores, Utilities, Entertainment, Travel
Details
- Annual fee: RM98
- Minimum annual income: RM60,000
- More info on Hong Leong WISE Credit Card
UOB One Credit Card
Pros
- 1% weekday / 5% weekend cashback on Petrol up to RM200 spending (Platinum RM400)
- 0.2% weekday / 5% weekend cashback on Groceries up to RM200 spending (Platinum RM400)
- 0.2% weekday / 2% weekend cashback on Telco up to RM200 spending (Platinum RM300)
- 0% interest 3-month easy-payment plan for overseas spending above RM3,000 and medical spending above RM1,000
Cons
- Only 0.2% cashback on other merchants
- Government transactions & utilities bills excluded from cashback
- Lower cashback cap for classic card VS platinum card
Details
- Annual fee waiver (Classic): Swipe min 60 times
- Annual fee waiver (Platinum): Swipe minimum 1x per month AND spend RM36,000/RM60,000
- Minimum annual income: RM24,000 (RM60,000 for Platinum)
- More info on UOB ONE Card
Standard Chartered JustOne Platinum MasterCard
Pros
- Cashback on auto bill payments (insurance, telco and utilities), online purchases, and petrol
- Below RM1,000: 0.2% (max effective cashback: 0.2% / RM2)
- RM1,000 – RM1,499: 5% (max effective cashback: 1.2% / RM12)
- RM1,500 – RM2,499: 10% (max effective cashback: 1.8% / RM28)
- RM2500 and above: 15% (max effective cashback: 2.4% / RM60)
Cons
- Cashback capped monthly lowering actual effective cashback
- Online transactions cashback capped at RM30
- Only 0.2% cashback on all other spending
- Tiered cashback whereby to maximize cashback you need to spend on qualified transactions RM2,500 monthly
- No annual fee waiver (previously on spending RM20,000 annually)
Details
- Annual fee: RM250 (waived 1st year; waived 2nd year onwards with RM20,000 annual spending)
- Minimum annual income: RM24,000
- More info on Standard Chartered JustOne Platinum MasterCard
- Read full review
OCBC Cashflo MasterCard
Pros
- 0.5% unlimited cashback
- Auto-IPP on all purchases
- Retail transactions RM500-RM1,000: 3 months IPP
- Retail transactions above RM1,000: 6 months IPP
- Great Eastern (Life & General) Insurance premium RM2,2000 above: 12 months
Cons
- Cashback only at 0.5%
- Useful only if you need the auto IPP services
- Annual fee waiver only for first 3 years
Details
- Annual fee waiver: First 3 years
- Annual fee: RM188 principle / RM68 supplementary
- Minimum annual income: RM36,000
- More info on OCBC Cashflo MasterCard
Best Credit Cards for Air Miles & Lounge Access
Air Miles: Maybank Singapore Airlines (SIA) Krisflyer American Express Platinum Card
Pros
- 1 KrisFlyer mile for every RM1 spent on Singapore Airlines, Scoot & KrisShop website
- 1 KrisFlyer mile for every RM2 spent on online and overseas transactions
- 1 KrisFlyer mile for every RM 2.5 spent locally
- 5X complimentary access to Plaza Premium Lounge per annum
- Complimentary Travel Personal Accident coverage up to RM750k as well as Travel Inconvenience coverage for missed connections, luggage delay and luggage loss
- 7k bonus KrisFlyer miles on first card spend (new to Maybank Credit Cards only)
- Fast track to KrisFlyer Elite Gold status by charging RM35k on Singapore Airlines Group-related card transactions in 1st year
Cons
- Only exchangeable for Krisflyer (Star Alliance) air miles
Details
- Annual Fee: RM300 (from 2nd year)
- Annual Fee Waiver: manual request at bank’s discretion
- Min Annual Income: RM60,000
- More info on Maybank AMEX Krisflyer
Air Miles: Maybank 2 Cards Premier
Pros
- AirMiles conversion rate RM1 for 1 Enrich / KrisFlyer miles
- Overseas spending at 5x Treats Points
- Local spending up to 5x Treats Points
- Golfing privileges including international complimentary green fees
- Travel insurance coverage up to RM2m death & travel inconvenience for flights fully charged to card
- (Read above Maybank 2 Cards for more info)
Cons
- (Read above Maybank 2 Cards for more info)
Details
- Annual Fee: RM800 (from 2nd year)
- Annual Fee Waiver: RM80,000 spending
- Min Annual Income: RM180,000
- More info on Maybank 2 Cards Premier
Air Miles: Standard Chartered Journey Credit Card
(Formerly known as Standard Chartered WorldMiles World Mastercard)
Pros
- RM1 = 1 SC air mile on dining, travel & overseas spending (Effectively RM2 =1 converted air mile)
- Unlimited access to airport lounges in KLIA & KLIA 2
- Up to RM65 cashback for airport transfer via Grab (requires min spending RM2.5k on travel expenses within prior 90 days)
- Travel medical coverage of US$100,000 (inclusive of Covid-19 coverage)
Cons
- RM5 = 1 SC air mile for all other spending (Effectively RM10 = 1 converted air mile)
- Note: 2 SC air miles = 1 converted air mile
Details
- Annual Fee: RM600 (from 2nd year)
- Annual Fee Waiver: manual request at bank’s discretion
- Min Annual Income: RM90,000
- More info on Maybank 2 Cards Premier
Travel & Plaza Premium Lounge: Citi PremierMiles Visa
Pros
- 8x access to selected international Plaza Premium Airport Lounges in Malaysia, Singapore, Hong Kong, and England with international flight
- Conversion rate 1500 PremierMiles to 1000 Air Miles
- 1x PremierMile for every RM3 local spending
- 2x PremierMiles for every RM3 spending in foreign currency
- Travel insurance
- Limo transfer service from KLIA with 3x overseas spending per trip
- 10k bonus PremierMiles on paying annual fee
Cons
- Annual fee charges
- Higher min annual income requirement
Details
- Annual fee: RM636 (or 30k PremierMiles)
- Minimum annual income: RM100,000
- More info on Citi PremierMiles Visa Credit Card
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FAQ
Q: Are there any fees for a credit card application?
A: There are not credit card application. Do note however there is a mandatory government service tax of RM25 per credit card. Some cards may also have annual fees.
Q: How long will it take to receive my credit card?
A: Usually within 2 weeks from successful application.
Share and discuss
Any great Credit Cards to recommend? Any changes to any of the credit cards listed above for us to update?
There are lot of credit cards in Malaysia. People will get confuse which card they can opt for. The above article clearly says the best ones from various categories like cashback, travel, no annual fee & more which is very easy to select the card from those based on our needs and this post clearly says the pros and cons of each cards which is again a easy way to know about the cards benefits. Thanks for sharing this article.