5 Exclusive Credit Card Deals and Promotions for Malaysians in 2023
Banks in Malaysia are known for offering a wide range of credit cards with excellent promotions and deals. Whether you’re looking for cashback, points, rewards, or miles, there’s a credit card for you. Some of the most popular credit cards in Malaysia offer cashback on everyday expenses like groceries and petrol. Other cards provide rewards and miles for dining, entertainment, and travel. With so many options available, it can be challenging to decide which card to choose. With so many options available, it’s essential to do your research and find a card that matches your spending habits and provides the best benefits. Don’t miss out on these fantastic promotions and deals, take advantage of them today and start earning cashback, points, rewards, and miles. Here are 5 credit cards you can consider.
Hong Leong Bank Wise Card
Enjoy cashbacks? That’s great because Hong Leong Bank Wise Card offers 8% cashback when you spend online, petrol and dining on weekends. These online spending includes Shopee, Lazada, Grab. Foodpanda and many more. But that’s not all, you’ll enjoy unlimited 0.25% cashback on other transactions such as insurances, utilities, mobile and more.
Pros of Hong Leong Bank Wise Card:
- Good for cashbacks
- 8% Cashback on weekends on online platforms, grocery stores, restaurants and more.
- Unlimited 0.25% cashback for other transactions.
Cons of Hong Leong Bank Wise Card:
- There’s an annual fee of RM98.
Eligibility:
| Bank | Hong Leong Bank |
|---|---|
| Minimum monthly income | RM2,000 |
| Minimum age | 21 – 65 years old |
| Supplementary card available | Yes |
Get your credit card here: Hong Leong Bank | Terms and conditions
Public Bank Visa Signature Card
This is the credit card to get if you’re looking for one that offers cashback and travel benefits. The Public Bank Visa Signature Card perks include 3% cash rebate whenever you spend a minimum RM100 per transaction on groceries, dining, and online spending. But you’ll also earn 1 VIP Point for every Ringgit spent which can be accumulated and redeemed for air miles, vouchers, and other goods and services from Public Bank Preferred Redemption Rewards Catalogue. Plus travel benefits including free access to airport lounges, travel insurances and more.
Pros of Public Bank Visa Signature Card:
- Enjoy rewards and travel benefits.
- Get 3% cashback for Groceries, Dining, and Online.
- 1x VIP Point t for every Ringgit spent.
- 2x complimentary access to selected Plaza Premium Lounges.
- Up to RM500,000 travel insurance coverage.
- Enjoy 50% off will and wasiat writing service fee.
Cons of Public Bank Visa Signature Card:
- You must be earning high income to be qualified for this credit card.
Eligibility:
| Bank | Public Bank |
|---|---|
| Minimum monthly income | RM 6,667 |
| Minimum age | 21 years old |
| Supplementary card available | Yes |
Get your credit card here: Public Bank | Terms and conditions
CIMB E Card
Grab your rewards with a CIMB E Card! You’ll get rewarded with up to 12X Bonus Points on eDay, every 28th of the month with no minimum spend on online shopping and food delivery to e-wallet (Touch ‘n Go, GrabPay, Boost, BigPay and Setel only), auto-billing (telco, online streaming services, utility bills) and in-store contactless spend! Besides that, earn 3X Bonus Points everyday with eligible spending such as in-store contactless payments, food delivery and more. You’ll also earn 1X Bonus Points when you make an in-store PIN purchase.
Pros of CIMB E Card:
- Good for earning rewards.
- 12X Bonus Points on eDay.
- 3X Bonus Points everyday.
- 1X Bonus Point on in-store PIN purchases.
- Free travel insurance coverage of up to RM1 million.
Cons of CIMB E Card:
- After their Annual fee waiver campaign ends (15 March 2022 – 31 December 2025), you’ll have to pay the annual fee of RM100.
Eligibility:
| Bank | CIMB |
|---|---|
| Minimum monthly income | RM 2,000 |
| Minimum age | 21 years old |
| Supplementary card available | Yes |
Get your credit card here: CIMB | Terms and conditions
RHB Shell Card
Fuel your ride and get rewarded for it! Earn up to 12% cashback whenever you fuel up at Shell. You’ll also get cashback for everyday spending such as grocery or e-wallet reload. Plus enjoy VISA Ecommerce Purchase Protection that will automatically be activated when you shop at any online store globally.
Pros of RHB Shell Card:
- Good for fuel use.
- Up to 12% cashback for fuel pumps at Shell.
- Up to 5% cashback on grocery, online spend, E-Wallet Reload and Utilities.
- Enjoy VISA Ecommerce Purchase Protection.
Cons of RHB Shell Card:
- The annual fee is only waived for the 1st year; you must swipe 24 times or more for the annual fee to be waived.
Eligibility:
| Bank | RHB |
|---|---|
| Minimum monthly income | RM 2,000 |
| Minimum age | 21 years old |
| Supplementary card available | Yes |
Get your credit card here: RHB | Terms and conditions
UOB One Card
The UOB One Card is great for earning cashback, especially for fuel. You can get 10% cashback for petrol, dining, grocery, Grab and unlimited 0.2% cashback on Other Spends. Plus enjoy special promotions for UOB members from dining outlets, retails and more. These include promos from Pavilion Hotel, Kenny Rogers Roasters, Agoda and others.
Pros of UOB One Card:
- Good for cashback and fuel use.
- Up to 10% cashback for fuel at all petrol stations and Setel CardTerus.
- Up to 10% cashback on grocery, dining and Grab.
Cons of UOB One Card:
- There’s an annual fee of RM168.
Eligibility:
| Bank | UOB |
|---|---|
| Minimum monthly income | RM 4,000 |
| Minimum age | 21 years old |
| Supplementary card available | Yes |
Get your credit card here: UOB | Terms and conditions
There you have it, 5 credit cards to consider for you to own! Whether you’re looking for cashback, earn rewards and points or to gain travel benefits, these credit cards can maximize your savings by spending smartly.
Applying for a credit card can be an excellent way to build credit and earn rewards. However, it’s important to consider the annual fee, terms and conditions, and your spending habits before applying. When considering a credit card, it’s essential to read the terms and conditions carefully to understand any fees or limitations. It’s also important to be aware of the annual fee and determine whether it’s worth the cost based on the rewards and benefits offered by the card.
Another important tip when applying for a credit card is to set a budget and stick to it. It can be tempting to overspend and over budget, but doing so can lead to debt and financial strain. It’s important to be aware of your spending habits and only use the credit card for purchases that fit within your budget. By being responsible with your credit card, you can build credit and earn rewards without overspending or over budgeting.
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