Best Credit Cards Malaysia 2023 – Apply Credit Card Online Now
Looking for the best credit Malaysia that is available in 2023? Look no further, we provide a full guide on types of credit cards to help you with your personal finance habits and your goal to achieve with them.
Tips To Apply For The Right Credit Card that Works For You – Ringgit Plus & Comparehero
If you have been told to avoid credit cards at all costs, you have been fooled! A credit card is a financial tool that you can use to enhance your finances. Especially now, when you have to be wary of cost-cutting measures at work and the economic implications caused by COVID-19, a credit card would definitely make your life easier.
Staying at home, social distancing, and opting for cashless payment methods when buying necessities have become the new normal. Apart from using a credit card for cashless transactions only, you can benefit far more if you do it right.
So, if you have been putting off getting a credit card because you were worried about raking in debts, we have five fool-proof tips on how you can make your credit card work for you and avoid being in debt.
Best Cashback Credit Card Malaysia
You can use credit cards to pay for groceries, online shopping, dinner dates, buy flight tickets, and even reload your e-wallet. What if we tell you that you can get rewarded every time you make payments using your credit card.
Cashback and reward credit cards will greatly benefit you in the long run. The more you use your credit card to pay for your necessities, the faster you will increase your reward points. As most of retails outlets and online businesses accept credit cards now, it is really easy for you to swipe your credit card instead of using cash or making online transfers.
RHB Cashback/Rewards Visa Credit Card
For instance, the RHB Rewards Visa Credit Card rewards you with up to 10X reward points for spending on movie tickets, overseas, online, e-wallet, health, insurance, and shopping. What’s more, you will also get 1X reward points for every RM1 spent in other retail categories.
HSBC Amanah MPower Platinum Visa Credit Card
Meanwhile, the HSBC Amanah MPower Platinum Credit Card-i offers up to 8% cashback on petrol, groceries, and e-wallets for monthly spending above RM2,000.
Raking up reward points and utilizing the cashback are efficient ways to save money while spending money. In the long run, you will be able to see how much money you saved by using the reward and cashback credit cards.
Best Online Shopping Credit Card Malaysia
For frequent online shoppers, using credit cards to pay for groceries, online shopping, petrol and even reloading your e-wallet, you will be able to save more while spending more with the recommended credit cards below.
Standard Chartered JustOne Platinum Master Credit Card
Meanwhile, the Standard Chartered JustOne Platinum MasterCard offers up to 15% cashback on petrol, online shopping, and auto-billing transaction for monthly spending above RM2,500.
This card helps you to save more while you spend online shopping and also petrol. In addition, if you use this credit card to pay for your bills on a regular basis (presumably to unlock the higher monthly spend cashback tiers), chances are you’ll be hitting the cashback cap even without taking your online shopping into consideration.
In the long run, you will be able to see how much money you saved by using the reward and cashback credit cards.
Maybank Shopee Visa Platinum Credit Card
For frequent online shoppers that using Shopee, rejoice!!! Here the best credit card for you to shop online on Shopee Malaysia.
- Up to 5x Shopee Coins on Shopee, Dining, payWave, entertainment and other spend on Pay Day (28th of the month), CNY, Raya, 9.9, 11.11, and 12.12 (Special Days)
- Up to 2x Shopee Coins on Shopee, Dining, payWave, entertainment and other spend on Normal Days
Get 5,000 Shopee Coins as a Welcome Gift upon your card activation and when you spend a min. of RM300 on accumulation purchases in the first 2 months.
5,000 Shopee Coins equivalent to RM50.00.
Here are some extra benefit for applying for this Maybank Shopee Credi Card too:
As a Maybank Shopee cardholder, you can also enjoy special promotions, such ash:
- 50% off (capped at RM50) without a minimum spend for Anello, P&G, Arctic Hunter, Enfragrow A+, Tefal and realme products on Shopee App
- 1-For-1 Seasonal Beverages at San Fransisco Coffee outlets
If you think that’s all you can get with this Maybank credit card, you’re wrong, Maybank Shopee Visa Platinum is FREE for life without annual fees.
Lazada Citi Platinum Master Credit Card
For frequent online shoppers that using Lazada, fear not & rejoice!!! Similar to Maybank Shopee Credit Card offer but this is for you Lazada Shoppers for you to shop online on Lazada Malaysia.
This card provide endless point of redemption through Citibank rewards points which can refer from below:
| EARN | SPEND |
|---|---|
| 10 points on every RM1 | Lazada Spends per statement month |
| 5 points on every RM1 | selected lifestyle, travel, health & wellness spend per statement month |
| 1 point on every RM1 | other Spends |
| 1000 points on every RM1,500 | monthly Bonus Points |
There are more exclusive bonuses when you sign up for Lazada Citi Platinum credit card!
- Additional RM10 for Lazada Wallet users
- New Users – Top-up a minimum of RM50 and save Lazada Citi Platinum credit card into your Lazada Wallet
- Existing Users – On a monthly basis, the first 1,000 cardholders that top-up a minimum of RM100 with Lazada Citi Platinum credit card into your Lazada Wallet
Best Travel Credit Card Malaysia
Every traveler is unique and you deserve the best travel credit card that matches your itinerary.
You might travel for business purposes, or travel for a short trip, holiday, visiting relatives or friends, backpacking, and so on
Travels make it easy for everyone around the world to experience the world, thanks to the rapid growth of technology – the Internet, for tips and tricks on affordable travel.
Using the best travel credit cards in Malaysia and learning, how to save money while traveling around the world.
Hong Leong Airasia Gold Visa Credit Card
For budget travelers that love Air Asia, rejoice!!! Hong Leong bank Airasia Gold visa card is definitely for you!
The minimum income is only RM2,000/month for you to able to apply for this fantastic travel credit card.
Earn BIG Points for Every Spend with Hong Leong AirAsia Gold Visa
Do you have a favorite destination in mind but you’re just waiting for cheap deals?
Hong Leong AirAsia Gold Visa card helps you to convert every Ringgit of your AirAsia spend and daily transactions into BIG Points!
| Every RM1 AirAsia spend | 1 BIG Points |
| Every RM2 Overseas spend | 1 BIG Point |
| Every RM5 Local spend | 1 BIG Point |
Not just getting BIG Points but an additional 3,000 Welcome bonus reward points will be awarded a minimum retail transaction of RM1,500 within the first 60 days from the card approval date.
In addition to the Welcome BIG Points, your first-year annual fee will be waived with just a minimum of 1 retail swipe within 45 days from your Hong Leong AirAsia Gold Visa approval date.
UOB PRVI Miles Visa Credit Card
For travelers that spend more on Expedia, Booking.com or overseas, any airlines, hotels, and even travel agencies, this UOB PRIV Miles card is definitely dedicated to you.
The minimum income is RM5,000/month for you to able to apply for this fantastic travel credit card.
Get UNIRinggit Reward Points when you spend UOB PRVI Miles Card on eligible transactions.
| EARN | SPEND |
|---|---|
| 10 points on every RM1 | on online reservations with Expedia |
| 10 points on every RM1 | on online reservations with Booking.com |
| 5 points on every RM1 | overseas, airlines, hotels, travel agencies |
| 1 point on every RM1 | on local retail spends |
- 0 UNIRM Points when you make online reservations with key travel partners
- 5 UNIRM Points for every RM1 transaction at overseas, airlines, hotels, travel agencies, capped at RM5,000 per month
- 1 UNIRM Points on all local retail spends
Also subject to UOB PRVI Miles Card’s terms and conditions, your accumulated UNIRM Points are valid for 3 years only.
In terms of air miles redemption, you can redeem Air Miles with accumulated UNIRinggit Reward Points from top frequent flyer programs such as AirAsia BiG Points, Asia Miles, Enrich Miles, and KrisFlyer Miles.
50% Discount on Grab Rides Airport Transfer [valid until 31/12/2023]
Another perk of being this UOB cardholder is you can save more on your Grab airport transfer! Promo code “GRABPRVI” on your Grab rides to/from selected international airports to enjoy a 50% discount:
- Kuala Lumpur International Airport (KLIA)
- Kuala Lumpur International Airport 2 (klia2)
- Sultan Abdul Aziz Shah Airport (formerly Subang International Airport)
- Langkawi International Airport
- Kuching International Airport (KIA)
- Penang International Airport
- Kota Kinabalu International airport (KKIA)
- Senai International airport (SIA)
- Melaka International Airport
Best Balance Transfer Credit Card Malaysia
Apart from rewards and cash back credit cards, you can also greatly benefit from balance transfer credit cards. Balance transfer credit cards will provide you with an effective solution if you are struggling with credit card debts from multiple credit cards.
Balance transfer credit cards enable you to consolidate all your existing credit card debts into one single payment. Hence, instead of struggling to pay several payments with different interest rates every month, you will be paying one payment with one single interest rate. This will help you to manage your debts easily without getting stressed out about your finances.
The key here is to find a balance transfer credit card that offers you a reasonable pay-over period and interest rate.
UOB YOLO Visa Credit Card
UOB YOLO Visa Credit Card offers 5% cashback for dining, online shopping, contactless transaction, Grab rides, food & deliveries with an annual fee of RM90 being waived with a minimum of 1 swipe per month!!!
The minimum income requirement starting at RM3,000/month and this card provides a straightforward 5% cashback with 5 transactions per month. In addition, you can unlock up to 10% cash back for using Grab ride and food deliveries too.
With the UOB YOLO Visa credit card, your interest rate is determined based on your payments over a period instead of the amount of debt transfer. If you pay over 6 months, the interest rate is 0% p.a and 3% one-time upfront handling fee, if you pay over 12 months, the interest rate is 0% p.a and 4% one-time upfront handling fee and if you pay over 18 months, the interest rate is 0% p.a and 5% one-time upfront handling fee.
All you need to do is choose a balance transfer credit card that will suit your monthly budget and financial planning for the long run. Instead of struggling and getting stressed out due to financial issues, you can opt for balance transfer credit cards to ease your financial journey.
In the long run, if you moving around with Grab rides and online groceries more often, this will totally help you save tons of money while you spend with this card.
Public Bank Quantum Visa Credit Card
For instance, the Public Bank Quantum Visa offers a low one-time upfront interest starting from 0%. When your debt transfer amount is from RM1,000, you will pay over 6 months with 0% p.a and 1.5% one-time upfront handling fee. The tier increases according to the amount of debt you are transferring to the new credit card. If the transfer debt amount is from RM6,000 you can pay over 36 months with 0% p.a and 7% one-time upfront handling fee.
| PAY OVER | WITH INTEREST RATE AT | WHEN YOU TRANSFER |
|---|---|---|
| 6 months | 0% p.a. and 1.5% one-time upfront handling fee | from RM1,000 |
| 12 months | 0% p.a. and 3% one-time upfront handling fee | from RM2,000 |
| 24 months | 0% p.a. and 5.5% one-time upfront handling fee | from RM3,000 |
| 36 months | 0% p.a. and 7% one-time upfront handling fee | from RM6,000 |
On top of that, with every contactless transaction, you will able to get 5% cashback with minimum spending of RM30 and above.
The minimum income is similar to UOB YOLO which is RM3,000/month and the best thing is the annual fee is totally FREE!
Build Your Credit Score With Suitable Credit Card Malaysia
Obviously, you will be on the right financial track if you are being rewarded for every purchase you make through your rewards and cashback credit card as well as if you are working hard to pay off your credit card debt using balance transfer credit cards.
The question is: Why is it important to be on the right track when it comes to your finances? Apart from your peace of mind, having a good financial record will benefit you in the long run when you are looking to upgrade your life.
Your credit score. Your credit score is a score that shows the state of your credit health. Banks use your credit score to approve or reject your credit card and loan applications. Your credit score depends on your payment history, credit mix and loan amounts owed, length of credit history, new credit applications, and legal track record.
So, if you have been paying your credit card and loan monthly installments without fail, your credit score will be good. On the other hand, if you don’t have a credit card or loan, your credit score will be bad and you might face difficulty in securing a house or business loan.
Hence, getting a credit card and paying it off every month will provide you with a good credit score and it will be easier for you to secure a loan when you need it.
Apply for The Best Credit Card Malaysia with Ringgit Plus & Comparehero
One of the common problems among Malaysians is finding a credit card that suits their needs and can help them with their finances. If you are confused with the long list of credit cards available in the market, the best option is to benefit from credit card comparison websites like RinggitPlus & Comparehero.
You can view and read all about the best rewards credit card and best cashback credit cardsfinding in Malaysia before you choose one, instead of visiting the credit card websites separately.
Are you ready to make your credit card work for you? It’s time you pave the way for a better financial future for yourself and your family.
