Best Cashback Credit Card in Malaysia 2015

credit-cards

Top 10 Best Credit Cards For Cash Back Rebate

It’s always not as easy as you think when it comes to determining which the best credit cards are for you. As you may already know that every card out there offers you a different reward based on one spending pattern. Let’s just say for example, if you are a big spender, you would very well then go for a credit card which offers you the best reward points and if you are just someone who wants a credit card as an emergency fund, then you would pretty much just go for a card with a low or even free annual fee.

Most credit cards always offer some sort of a cash back guarantee and what this simply means is that, for every dollar you spend out there using your card, you get a little bit back. For instance, with the points you receive each time you swipe your card, you may redeem rewards such as gifts, gadgets, petrol and for some, you may even use your points to shop at selected outlets.

An easy way of looking at this is taking a basic example of earning 1 point for every 1 Ringgit spent. This is how most rewards are calculated but remember to also do your own homework out there as there are some banks that actually offer more points for every Ringgit spent. While this may sound to be good, you should always check the points you’re earning just to redeem an item as you may end up paying more using your points than you would using your cash.

To make life a little easier, I have listed below a list of 10 credit cards which offer the best cash back rewards based on your spending. This will help you understand a little better about what card might suit you best.

Citibank Cash Back Credit Card

Citibank Cash Back Platinum

The Citibank Cash Back Platinum offers up to a maximum of 5% cash back for all your retail purchases made. This also includes cash back on all petrol, groceries, phone bills and even your medical bills and much more. It applies all year through and there is no registration and no minimum spend as well.

Breakdown:

You are entitled for a 5% cash back for petrol which is subjected to maximum of RM30 monthly.
You are entitled for a 2% cash back at pharmacies such as Guardian and Watson.
You are entitled for a 2% cash back when you shop at Giant, Carrefour and other selected grocers.
You are entitled for a 0.3% for other retail transactions.
The annual fee for this card is RM195.

As you can conclude from the above, this card would give you the best offer only when you are pumping fuel for your vehicle.

maybankard-2-gold-mastercard (1)

Maybankard 2 Gold MasterCard

When you apply for the Maybankard 2 Gold MasterCard you will get an American Express Card for free. The Maybankard 2 Gold MasterCard offers up to a 5% cashback on retail spending charged to Maybankard 2 American Express Card on the weekend in Malaysia or anywhere else in the world. This is capped at RM50 per month.

Breakdown:

You will actually earn 5X TreatsPoints for all spend on your Maybankard 2 American Express Card and 2X TreatsPoints.
You will also earn RM1 spend on your credit card at Government Bodies, Education Institutions and Insurance Providers. Even when you pay for your motor insurance, you will get rewards points.

For the Maybankard 2 Gold MasterCard, you will get a total of RM600 in savings total because of the RM50 monthly cap.

Alliance Bank You:nique - Great Rebates

Alliance Bank You:nique

With Alliance Bank You:nique Credit Card, you are eligible to get cashback of up to 3% on all retail purchases regardless of what they are. This applies for everything such as petrol, groceries and specific merchants. This card is a unique one indeed.

Breakdown:

You are entitled for a 0.5% cash back for all retail which is subjected to maximum of RM5 monthly when you spend up to RM1000 monthly.
You are entitled for a 1.5% cash back for all retail which is subjected to maximum of RM30 monthly when you spend up to RM1001 to RM2000 monthly.
You are entitled for a 3% cash back for all retail which is subjected to maximum of RM90 monthly when you spend up to RM2001 to RM3000 monthly.

You are entitled for a 0.3% cash back for all retail which is uncapped when you spend up to RM3001 and above monthly.

With this card, you really don’t have to worry even if you spend more than RM3000 because once the cap is off, you are actually able to earn much more in rebates.

OCBC MasterCard Silver

OCBC MasterCard Silver

With the OCBC MasterCard Silver, there’s no need to crack your head as to what cash back returns you would get for each purchase as you will be able to enjoy 0.5% unlimited cashback on all your retail purchases 7 days a week. There is no minimum or maximum spend.

Breakdown:

You are entitled for a 0.5% cash back for any purchase regardless of the amount in a single receipt.

It goes without saying that this card doesn’t limit how much cash back you can get. The more you spend, the more you make.

shell-citibank-gold-credit-card

Shell Citibank Gold Credit Card

The Shell Citibank Gold Credit Card let’s you earn cash rebates of up to 8% on petrol at any Shell station nationwide.

Breakdown:

You are entitled for a 4% cash back for petrol with a monthly cap of RM250 with a spend of RM 300 up to RM 999 monthly.
You are entitled for a 6% cash back for petrol with a monthly cap of RM500 with a spend of RM 1000 up to RM 2499 monthly.
You are entitled for an 8% cash back for petrol with a monthly cap of RM800 with a spend of from RM 2500 and above monthly.

This is definitely the best card if you are looking to get cash rebates on pumping fuel and that goes without saying.

Maybank Visa Signature

Maybank Visa Signature

The Maybank Visa Signature is an exclusive card which is meant to take your lifestyle to the next level. You get to enjoy VIP treatment with free Plaza Premium Airport Lounge access, VISA speed pass, and valet parking in and around Klang Valley.

Breakdown:

You are entitled for a 5% cash back when you buy groceries and petrol for any spend.

This card falls a little bit more to the exclusive side and if you are someone who is looking to get better deals and rewards from the finer things in life, then this card is for you.

Citibank-Cash-Back-Card-Master-Visa

Citibank Cash Back Credit Card

The Citibank Cash Back Credit Card offers up to 5% on petrol 2% cash back for your groceries, pharmaceuticals and phone bills.

Breakdown:

You are entitled for a 5% cash back when you pump fuel with a maximum monthly cap of RM15.
You are entitled for a 2% cash back for your pharmaceuticals and there is no maximum spend.
You are entitled for a 2% cash back when you buy groceries and the maximum spend is RM1500.
You are entitled for a 2% cash back when you pay phone bills with any amount in a single receipt.
You are entitled for a 0.3% cash back for all other retail purchases made for any amount.

Overall, this is a good card and you will be able to get the best of everything as you will be getting a cash back on most if not all the

things you swipe your credit card with.

Hong Leong Wise Platinum

Hong Leong Wise Platinum

The Hong Leong Wise Card is the only credit card that offers you a 10% cash back for all retails purchases, every single day.

Breakdown:

You are entitled for a 10% cash back for all retail when you spend from RM500 and above in a single receipt.

There are no other cards which offer you anything this extreme, however, to activate the 10% cash back feature, you will need to do at least 10 swipes and a minimum of RM50 transactions per-month are required to activate the 10% cashback.

HSBC Amanah Mpower Visa Platinum Credit Card-i

HSBC Amanah Mpower Visa Platinum Credit Card-i

The HSBC Amanah Mpower Visa Platinum Credit Card-I offers up to a maximum 8% cashback on your fuel, groceries and even dining experience. You will also be able to get 0.2% cashback when you spend locally and a 1% return on all overseas shopping.

Breakdown:

You are entitled for a 5% cash back for petrol, groceries and dining which is subjected to maximum of RM100 monthly if the spending is up to RM 2000 monthly on weekends only.
You are entitled for an 8% cash back for petrol, groceries and dining which is subjected to maximum of RM100 monthly if the spending is up to RM 2001 and above monthly on weekends only.
You are entitled for a 1% cash back when you spend overseas for any amount in a single receipt.
You are entitled for a 0.2% cash back when you spend locally for any amount in a single receipt.
The annual fee for this card is RM240 but it is waived when you swipe 12 times in a year.

 

The best rates for this card are offered when you tend to spend more than RM 2,001 on the weekend in a given month.

CIMB Cash Rebate Platinum MasterCard

CIMB Cash Rebate Platinum MasterCard

With CIMB Cash Rebate Platinum MasterCard the you will get 5% cash back when you shop online and 2% cashback for groceries, petrol, utility and mobile bills. You will get 0.2% cash back for everything else. You will enjoy great deals at GSC, iTunes, Google Play store, and Expedia.

Breakdown:

You are entitled for a 10% cash back for credit card interest charges
You are entitled for a 5% cash back when you spend online with a maximum monthly cap of RM30.
You are entitled for a 2% cash back when you pump fuel with a maximum monthly cap of RM50.
You are entitled for a 2% cash back when you buy groceries with a maximum monthly cap of RM50.
You are entitled for a 2% cash back when you pay utility bills with a maximum monthly cap of RM50.
You are entitled for a 2% cash back when you pay mobile bills with a maximum monthly cap of RM50.
You are entitled for a 0.2% cash back for all other retail purchases which is uncapped with no fixed spending amount.

This card gives you everything you could probably want and as an added bonus, you will enjoy great savings at big name outlets such as Zalora, San Francisco Coffee, Golden Screen Cinema, Agoda, and Lazada.