{"id":23001,"date":"2016-04-06T12:34:34","date_gmt":"2016-04-06T04:34:34","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=23001"},"modified":"2023-06-07T13:13:57","modified_gmt":"2023-06-07T05:13:57","slug":"best-credit-cards-in-malaysia-2016","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/best-credit-cards-in-malaysia-2016","title":{"rendered":"Best Credit Cards In Malaysia 2016"},"content":{"rendered":"

Here in Malaysia, we have a variety of local and international banks that offer various types of credit cards \u2013 each with their unique benefits and privileges. However, we often see certain credit cards become more popular than the rest among consumers. These Malaysia credit cards<\/a> are typically preferred by consumers due to distinguishing features like cashback, air miles, free petrol or other benefits.<\/p>\n

Here\u2019s a list of the best credit cards for Malaysians for the year 2016.<\/p>\n

<\/span>Top 3 best cashback cards<\/strong><\/span><\/h2>\n\n\n\n\n\t\n\t\n\t
Citibank Cash Back Platinum<\/strong><\/a><\/td>\n<\/tr>\n
UOB ONE Card Classic<\/strong><\/a><\/td>\n<\/tr>\n
HSBC Amanah MPower Platinum Credit Card-i<\/strong><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

One of the most rewarding feature of credit cards is the lucrative cashback offered by them. Through this feature, consumers are able to enjoy dual benefit of making purchases through their credit cards as well as earn cash returns for making future purchases.<\/p>\n

Here are the top 3 cashback credit cards in Malaysia<\/a><\/strong> this year:<\/p>\n

\"Citibank<\/a>Citibank Cash Back Platinum<\/a><\/strong> card offers up to 5% cash rebate for petrol (with minimum spending of RM400), 2% cash rebate for groceries (with minimum spending of RM3,000), 2% cash rebate for mobile bill payments and 0.2% cash rebate for other retail transactions \u2013 everyday.<\/p>\n

This card is perfect for the health conscious as it offers various rewards and discounts on health-related spending, such as discount on executive screening, and hospital room rates.<\/p>\n

You can apply for this card if you are earning a minimum monthly income of RM5,000. The annual fee is RM206.70 for principal cardholders (inclusive of 6% GST) and the cash rebate is capped at RM20 for petrol, RM60 for groceries and RM30 for other retail transactions every month.<\/p>\n

Click on this link to apply for Citibank Cash Back Platinum<\/a><\/strong>.<\/p>\n\n\n\n\n\t\n\n\t
Highlights<\/strong><\/th>\n<\/tr>\n<\/thead>\n
\u2022\tEarn up to 5% cash rebate on all retail spending
\n\u2022\tDiscount and privileges at over 24,000 hotels, restaurants, boutiques, retail outlets and golf clubs worldwide
\n\u2022\t24-hour personal concierge service while traveling
\n\u2022\tUp to 20% off on executive screening packages at 20 participating hospitals
\n\u2022\t15% discount on walk-in hospital room rates (from RM120 and above) at 20 participating hospitals
\n\u2022\t2% cash rebate on all spending at Guardian, Watson and Caring pharmacies
\n\u2022\tComplimentary 20\u201d limited edition Condotti bag with Swarovski crystals worth RM699 or Car DVR worth RM400 upon RM1,500 spend (Campaign ends December 31, 2016)
\n\u2022\tAutomatic transfer of cash rebate into your account once you accumulate a minimum of RM20 rebate<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

\"apply<\/a><\/p>\n

\"UOB<\/a>UOB One Card Classic<\/a><\/strong> is the ultimate cashback credit card from UOB. The bank offers a host of exciting cashback on categories such as petrol, groceries, shopping, utilities and entertainment. Consumers get to enjoy up to 5% cashback every day when they use the UOB One Card Classic.<\/p>\n

2% cashback is offered on weekdays for petrol and entertainment while 5% cashback is availed on the same during weekends. For groceries and utilities, 1% cashback is offered on the weekdays and 2% cashback for the weekends. Other purchases have a cashback of 0.2%, on both weekdays and weekends. This card sets a maximum spending amount entitled for cash rebates of RM300 per month for petrol, RM1,000 per month for groceries and RM200 per month for mobile bills. All the other categories have unlimited purchase amount.<\/p>\n

Besides that, you also receive 1 SMART$ rebate point for every Ringgit spent at all UOB SMART$ merchants including BHPetrol, GSC, Parkroyal KL, My Diamond and Timberland. You will earn 1 SMART$ rebate point for every Ringgit spent.<\/p>\n

The annual fee for the principal card is RM68 and minimum monthly income requirement is RM2,000.<\/p>\n

Click on this link to apply for UOB One Card Classic<\/a>.<\/strong><\/p>\n\n\n\n\n\t\n\n\t
Highlights<\/strong><\/th>\n<\/tr>\n<\/thead>\n
\u2022\t5% cashback on all your retail transactions at selected merchants
\n\u2022\tExclusive dining privileges of 15% discount at over 150 restaurants nationwide
\n\u2022\t0% Instalment Payment Plan at all participating merchants
\n\u2022\tEarn 1 SMART$ rebate point for every RM spent and use the accumulated SMART$ rebates points to redeem your next purchases.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

\"apply<\/a><\/p>\n

\"HSBC<\/a>HSBC Amanah MPower Platinum Credit Card-i<\/a><\/strong> is an Islamic banking credit card that offers great cashback to its cardholders. You get to enjoy as high as 8% cashback on expenses paid for groceries and petrol. The 8% cashback is valid only for monthly purchases of RM2,001 and above, and 2% for purchases less than RM2,001. Cashback on both petrol and groceries is capped at RM50 per month, while you receive unlimited 0.2% cashback on other spending.<\/p>\n

The annual fee for the principal card is RM254.40 (inclusive of 6% GST) and the minimum income requirement for this card is RM3,000.<\/p>\n

Click on this link to apply for HSBC Amanah MPower Platinum Credit Card-i<\/a>.<\/strong><\/p>\n\n\n\n\n\t\n\n\t
Highlights<\/th>\n<\/tr>\n<\/thead>\n
\u2022\tUp to 8% cashback on petrol and groceries for monthly purchases of above RM2,000
\n\u2022\tExclusive privileges and discounts at over 6,500 retail outlets nationwide
\n\u2022\tSpecial offers on shopping, dining, entertainment and travel worldwide
\n\u2022\tVIP Smart Privilege Programme <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

\"apply<\/a><\/p>\n

<\/span>Top 3 best travel cards<\/strong><\/span><\/h2>\n\n\n\n\n\t\n\t\n\t
Standard Chartered WorldMiles MasterCard<\/a><\/strong><\/td>\n<\/tr>\n
Citibank PremierMiles Visa Signature<\/strong><\/a><\/td>\n<\/tr>\n
AmBank Visa Infinite<\/strong><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Travel credit cards in Malaysia<\/a><\/strong> offer great deals on air miles and special perks for frequent flyers. Make sure you book your flights with your card and you will benefit from free travel insurance and discounts on overseas hotels and dining. Here are the top 3 travel cards that offers you best travel-related benefits and privileges:<\/p>\n

\"Standard<\/a>Standard Chartered WorldMiles MasterCard<\/a><\/strong> allows you to earn air miles faster while offering you travel privileges and comfort between trips. This is indeed one of the best cards for flight miles redemption. Cardholder earns 1 WorldMiles Point for every RM3 local spending and 3 WorldMiles Point for RM2 overseas spending. You can convert just 1,000 WorldMiles Point to 500 air miles with the frequent flyer programme of your choice such as the Malaysia Airlines Enrich Miles, AirAsia BIG Points, Singapore Airlines KrisFlyer Miles and Cathay Pacific Asia Miles.<\/p>\n

Earn and accumulate rewards points from spending on groceries, shopping, dining and entertainment. However, this card does come with a hefty annual fee of RM636, and you will need a minimum income of RM7,500 a month to be eligible for this card.<\/p>\n

Click on this link to apply for Standard Chartered WorldMiles MasterCard<\/a>.<\/strong><\/p>\n\n\n\n\n\t\n\n\t
Highlights<\/strong><\/th>\n<\/tr>\n<\/thead>\n
\u2022\tEarn WorldMiles Points from retail spending that can be converted to Enrich Miles, BIG Points, KrisFlyer Miles or Asia Miles
\n\u2022\tUnlimited complimentary access to KLIA and KLIA2 Plaza Premium Lounge
\n\u2022\tComplimentary airport ride transfer
\n\u2022\t24-hour concierge services worldwide
\n\u2022\tUp to 12% off hotel bookings
\n\u2022\tPrivileges and discounts across the region
\n\u2022\t50% off second ticket from Qatar Airways and complimentary second ticket from Bangkok Airways (valid for booking until April 15, 2016)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

\"apply<\/a><\/p>\n

\"Citibank<\/a>Citibank PremierMiles Visa Signature<\/a><\/strong> offers you VIP lifestyle with unlimited access to selected airport lounges, free rides home from KLIA, and air mile conversion for free flights. Every RM3 spend locally earn 1 PremierMile, while every RM3 spend overseas, earn 2 PremierMile points.<\/p>\n

You also enjoy personalised assistance whenever you need it with Citibank’s Priority Line. These privileges include customised travel itineraries, unlimited access to selected Plaza Premium Lounges, insurance protection from loss of baggage coverage to emergency medical evacuation coverage.<\/p>\n

To apply for this card, you need a minimum monthly income of RM8,333. The annual fee is RM600 for principal card and complimentary for supplementary card.<\/p>\n

Click on this link to apply for Citibank PremierMiles Visa Signature<\/strong><\/a>.<\/p>\n\n\n\n\n\t\n\n\t
Highlights<\/strong><\/th>\n<\/tr>\n<\/thead>\n
\u2022\t1 PremierMile for every RM3 spent locally and 2 PremierMiles for every RM3 spent overseas
\n\u2022\tConvert 1,500 PremierMiles to 1,000 Air Miles from over 90 airline partners
\n\u2022\tEnjoy 20% discount at selected restaurants
\n\u2022\tUnlimited complimentary access to selected Plaza Premium Lounges
\n\u2022\tComplimentary ride home from KLIA when you spend overseas
\n\u2022\tOverseas personal accident insurance coverage up to RM300,000
\n\u2022\tTravel inconvenience coverage up to RM32,000
\n\u2022\t10,000 PremierMiles on your annual card anniversary
\n\u2022\tNo expiry date for PremierMiles
\n\u2022\tCard is embedded with an EMV-compliant Smart Chip to protect against fraudulent activities<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

\"apply<\/a><\/p>\n

\"AmBank<\/a>AmBank Visa Infinite<\/a><\/strong> allows you to travel like a boss, especially if you are a frequent flyer. With this card, 5 AmBonus points are rewarded for every Ringgit spent overseas on dining and shopping. You can convert 5,500 AmBonus points into 1,000 MAS Enrich Miles, Cathay Pacific Asia Miles or Singapore Airlines KrisFlyer Miles and redeem free flights for your next getaway.<\/p>\n

It offers 24% discount on Immigration Fast-Track Service at 280 international airports and complimentary privileged access to Plaza Premium Lounge at 17 international airports for you to escape the hustle and bustle of busy airports. All you need to do is to swipe a minimum of 3 overseas transactions to the card within the month of visit to the lounge.<\/p>\n

You will also get a complimentary Hilton Premium Club membership card that offers 50% discount on dining and 20% discount on best available room rates at participating Hilton hotels with a minimum spend of RM30,000 over a period of 12 months. With the Travel Accident Insurance with coverage up to RM2 million when full airline fare is charged to this card and Purchase Protection Plan with coverage of up to RM50,000 valid for 30 days from date of purchase, you can definitely travel with peace of mind.<\/p>\n

The annual fee for this card is free for life. However, the minimum income requirement is slightly on the high side at RM12,500.<\/p>\n

Click on this link to apply for AmBank Visa Infinite<\/a><\/strong>.<\/p>\n\n\n\n\n\t\n\n\t
Highlights<\/strong><\/th>\n<\/tr>\n<\/thead>\n
\u2022\tEarn 5 AmBonus Points for every RM1 spent overseas
\n\u2022\tConvert 5,000 AmBonus Points into 1,000 Enrich Miles, Asia Miles, or KrisFlyer air miles
\n\u2022\t24% discount on Immigration Fast-Track Service at 390 international airports
\n\u2022\tComplimentary privileged access to Plaza Premium Lounge at 26 international airports
\n\u2022\tComplimentary Hilton Premium Club Membership Card
\n\u2022\tTravel Accident Insurance of up to RM2 million
\n\u2022\tPurchase Protection Plan with coverage up to RM50,000, valid for 30 days
\n\u2022\t0% Instalment Payment Plan for 24 months at all participating merchants
\n\u2022\tAnnual fee waived for life
\n\u2022\t24 hours concierge services
\n\u2022\tAir miles conversion with 50 airlines partners
\n\u2022\tRedeem gifts with AmBonus points of below 1,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

\"apply<\/a><\/p>\n

<\/span>Top 3 best petrol cards<\/strong><\/span><\/h2>\n\n\n\n\n\t\n\t\n\t
AmBank CARz Platinum Card<\/strong><\/a><\/td>\n<\/tr>\n
RHB World Mastercard<\/strong><\/a><\/td>\n<\/tr>\n
Standard Chartered JustOne Gold MasterCard<\/strong><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Petrol spending is a regular or substantial spend on a monthly basis or most individuals. If one can save on this spending category, the benefits would add up to significant lifelong savings. These credit cards offer a huge range of rewards, and some offer petrol or cash rebates.<\/p>\n

Here are top 3 petrol credit cards in Malaysia<\/a><\/strong> that will help fill your petrol tanks quicker:<\/p>\n

\"AmBank<\/a>AmBank CARz Platinum Card<\/a><\/strong>, a credit card that caters for motorists packed with auto-related benefits. With this card, you get 5% cashback per month with a cap of RM80 if you make partial monthly repayments and 2% cashback per month with a cap of RM20 if you make full monthly repayments.<\/p>\n

You also get 1x CARz point for every Ringgit spent on dining, entertainment, groceries and shopping. The annual fee for this card is free for life for principal holder. To apply for AmBank CARz Platinum MasterCard, you need to have a minimum monthly income of RM5,000.<\/p>\n

Click on this link to apply for AmBank CARz Platinum Card<\/a><\/strong>.<\/p>\n\n\n\n\n\t\n\n\t
Highlights<\/strong><\/th>\n<\/tr>\n<\/thead>\n
\u2022\tUp to 5% cashback on petrol of any brand
\n\u2022\t1 CARz Point for every RM1 spent on retail transactions
\n\u2022\tUse CARz Point to redeem auto related gods and services
\n\u2022\tFree annual fee for life
\n\u2022\t0% Instalment Payment Plan for 24 months at all participating merchants<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

\"apply<\/a><\/p>\n

\"RHB<\/a>RHB World Mastercard<\/a><\/strong> offers great options for all your travel needs, whether you travel by land or air. It gives you up to 6% cashback for petrol, travel, dining and other retail spending nationwide. For travel and dining, cashback is capped at RM35 and RM15 for other retail spending. For overseas spending, you are entitled to 2% cashback with a RM100 cap. The total cash returns for the card is capped at RM220 per month.<\/p>\n

Your first five visits to the Plaza Premium Lounges nationwide are complimentary. From the sixth visit, you enjoy 25% off walk-in rate and another 25% for your companion. You also enjoy 20% discount for Plaza Premium Lounges worldwide.<\/p>\n

This card also covers you with a protection plan that includes travel accident insurance with coverage of up to RM600,000. There will be no annual fee for this card and the minimum monthly income requirement is RM8,333.<\/p>\n

Click on this link to apply for RHB World Mastercard<\/a>.<\/strong><\/p>\n\n\n\n\n\t\n\n\t
Highlights<\/strong><\/th>\n<\/tr>\n<\/thead>\n
\u2022\tUp to 6% cashback at all petrol stations nationwide
\n\u2022\tTravel Accident Insurance with coverage of up to RM600,000
\n\u2022\tInternational concierge services
\n\u2022\tPriority line access
\n\u2022\tPreferred rates at RHB Bureau de Change for major foreign currencies
\n\u2022\t5 complimentary access to Plaza Premium Lounges in Malaysia
\n\u2022\t20% discount for access to Plaza Premium Lounges outside of Malaysia
\n\u2022\tAccess and benefits across 16 golf clubs in 6 South East Asian countries
\n\u2022\t50% off walk-in green fees at selected golf courses<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

\"apply<\/a><\/p>\n

\"Standard<\/a>Standard Chartered JustOne Gold MasterCard<\/a><\/strong> offers you good rebate for your petrol spending. Enjoy 10% petrol cashback or a petrol savings of up to RM840 a year at all petrol stations nationwide. This makes it one of the best petrol card in the market.<\/p>\n

The petrol cashback are offered in three tiers. The lowest tier is up to 4% cashback, the middle tier is at 7%, while the highest tier is at 10%. You will need to fulfil the required spending amount to be eligible for each tier. The minimum retail spending for cashback is RM500, with RM300 of the spending on petrol. To enjoy the highest tier, which allows you to get the maximum petrol savings of RM840, is minimum retail spending is RM2,500 in a month.<\/p>\n

Standard Chartered JustOne Gold MasterCard has an annual fee of RM185.50 (inclusive of 6% GST) for the principal cardholder. This card is not available as a supplementary card. The minimum monthly income requirement is low at only RM2,000.<\/p>\n

Click on this link to apply for Standard Chartered JustOne Gold MasterCard<\/strong><\/a>.<\/p>\n\n\n\n\n\t\n\n\t
Highlights<\/strong><\/th>\n<\/tr>\n<\/thead>\n
\u2022\tUp to 4% cashback on petrol when your total monthly spending is between RM500 and RM999, including petrol spending of RM300. Rebate is capped at RM12 a month.
\n\u2022\tUp to 7% cashback on petrol for total monthly spending between RM1,000 and RM2,499, including petrol spending of RM400. Rebate is capped at RM28 a month.
\n\u2022\tUp to 10% cashback on petrol if you monthly spending is at least RM2,500, including RM700 spending on petrol. Rebate is capped at RM70 a month.
\n\u2022\tLow minimum income requirement of RM2,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

\"apply<\/a><\/p>\n

<\/span>Top 3 best 0% balance transfer plans<\/strong><\/span><\/h2>\n\n\n\n\n\t\n\t\n\t
BSN Balance Transfer Programme<\/strong><\/a><\/td>\n<\/tr>\n
HSBC Balance Transfer Plan<\/strong><\/a><\/td>\n<\/tr>\n
Maybank Balance Transfer Program<\/strong><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

The worst part about outstanding debt is that it keeps growing larger and becomes a seemingly endless and vicious cycle of repayments, leaving you with stress and almost no money for yourself. With a balance transfer plan, you can consolidate your credit card debts and clear them off in a far easier, and cheaper way. You will have the benefit of little to no interest depending on your chosen tenure. Find out how much you can save on interest by choosing the right balance transfer plan in Malaysia<\/a><\/strong>.<\/p>\n

Here are the top 3 balance transfer plans in Malaysia<\/a><\/strong> that you can take advantage of if credit card debts are choking you:<\/p>\n

BSN Balance Transfer Programme<\/strong><\/a> is the one for you if you have a large outstanding credit card debt. The outstanding debt from any credit card can be transferred to any of the 17 credit cards offered by BSN. The credit card bill can be consolidated with a low interest flexible payment option. The interest rate can be as low as 0% for up to one year. The repayment option is available for up to 36 months and no early termination fee is charged.<\/p>\n

Click on this link to apply for BSN Balance Transfer Programme<\/a><\/strong>.<\/p>\n\n\n\n\n\t\n\n\t
Highlights<\/strong><\/th>\n<\/tr>\n<\/thead>\n
\u2022\tRepayment plans are flexible, depending your personal requirements and range from 3 months to 3 years
\n\u2022\t12 months: 0% for the first 6 months, and 0.30% for subsequent months
\n\u2022\t24 months: 0% for the first 12 months, and 0.375% for the subsequent months
\n\u2022\tMinimum transfer amount is RM500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

\"apply<\/a><\/p>\n

HSBC Balance Transfer Plan<\/strong><\/a> can get you back in control of your finances. There is no early termination fee or setup fee charged. You can choose from eight credit cards to transfer the outstanding balance to. The balance transfer rate can be as low as 0.42% per month for 6 months with the HSBC Credit Card. There are three plans offered:<\/p>\n