Top 20 Best Credit Cards In Malaysia 2023 | Enjoy Exclusive Rewards! (2023)

The best thing about owning a credit card is the element of safety. Paying with a credit card makes it easier to avoid losses from fraud as you will not be required to pay for the transactions you didn’t make while the credit card company resolves the matter.

However, if your debit card is used fraudulently, the money goes missing from your account, and it may take time for your money to be restored to your account. If you have yet to own a credit card, read about the many benefits of using a credit card and consider applying for one of these 20 best credit cards in Malaysia 2023.

What Does Credit Cards With No Annual Fees Mean?

A credit card with no annual fee means that these credit cards are free-for-life with no annual fees. This type of credit card would be the best choice for new users as it is easy to maintain.

How Do You Choose The Best Credit Card Rewards?

The best credit card rewards would allow you to collect more points for every Ringgit you spend. Therefore, choose a credit card that offers excellent redemption items and allows you to collect points quickly and easily.

How Does A Cashback Credit Card Work?

A cashback credit card gives back a small percentage of cash back returns for each spend. Usually, for higher percentage cashbacks, there is a cap on the maximum amount of cashback you can earn each month.

20 Best Credit Cards In Malaysia 2023

Minimum Income & No Annual Fees

Rewards

Cashback

Petrol

Minimum Income & No Annual Fees (Sign Up For Free & Get Cashback & Rewards For Life!)

1. Maybank Shopee Visa Platinum

With the Maybank Shopee Visa Platinum, you can receive a bonus of 5000 Welcome Shopee Coins after RM300 spend and enjoy up to 5x Shopee Coins for any spend on Shopee, dining, entertainment, and contactless payments. The Maybank Shopee Visa Platinum allows for a minimum monthly payment of RM25 or 5% of the outstanding amount, whichever is higher. The best part is that this credit card has no annual fee charges and is free for life.

Specifications:

• Min Income: RM2,000/month
• Interest Rate: 15% p.a.
• Annual Fee: Free for life
• Rewards:

Pros:

• No annual fees
• Earn 5000 Welcome Shopee Coins with RM300 spend
• Earn up to 5x Shopee Coins for any spend on Shopee, dining, entertainment, and contactless payments

2. Maybank GRAB Mastercard Platinum

With the Maybank GRAB Mastercard Platinum, you can earn up to 5x Maybank Grab Points for every RM1 spent on the Grab app. You can also get 1,000 Maybank Grab Points as a Welcome Gift upon card activation. The minimum monthly payment allowed is RM25 or 5% of the outstanding amount, whichever is higher. This card is worth it because this Maybank GRAB Mastercard Platinum has zero annual fee charges and is free for life.

Specifications:

• Min Income: RM2,000/month
• Interest Rate: 15% p.a.
• Annual Fee: Free for life
• Rewards:

Pros:

• No annual fees
• Earn earn up to 5x Maybank Grab Points for every RM1 spend on the Grab app
• Earn 1,000 Maybank Grab Points as a Welcome Gift upon card activation

3. Maybank 2 Gold Cards

The Maybank 2 Gold Cards are free for life, and you can spend any amount on the weekends and get 5% cashback on all spending (except for government bodies and utilities) charged to your Maybank 2 American Express Gold cards, capped at RM50 per month. You can also earn 5x TreatsPoints for all weekday spending on your Maybank 2 American Express Card and 1x TreatsPoint on all your spending with MasterCard or Visa.

Specifications:

• Min Income: RM2.500/month
• Interest Rate: 15% p.a.
• Annual Fee: Free for life
• Cashback:

• Rewards:

Pros:

• No annual fees
• 5% cashback on weekends
• Earn up to 5x TreatsPoints on weekday spending on retail

4. Public Bank Quantum Visa and MasterCard

The Public Bank Quantum Visa is free for life and comes with a complimentary MasterCard Credit Card. For every contactless transaction of at least RM100, you earn 2% cashback, which is capped at RM20 per month. You can accumulate VIP Points whenever you spend on dining or shopping at retail stores, locally and abroad, and exchange them for more food vouchers or other items. The VIP Points are valid for 3 years.

Specifications:

• Min Income: RM3,000/month
• Interest Rate: 15 % p.a.
• Annual Fee: Free for life
• Cashback:

• Rewards:

Pros:

• No annual fees
• Cashback of 2% with a minimum spend requirement
• Low minimum annual income requirement

5. HSBC Platinum Credit Card

HSBC Platinum Credit Card will be your new shopping companion. Tap to earn 8X reward points daily (contactless purchases via MasterCard Tap & GoTM, Visa payWave, or Samsung Pay). Meanwhile, online purchases (Lazada, Shopee, Zalora, Grab, and Fave), overseas purchases, and grocery purchases will earn you 5X reward points. The accumulated reward points can then be redeemed for Shopee and Grab vouchers and attractive gifts.

Specifications:

• Min Income: RM3,000/month
• Interest Rate: 15 % p.a.
• Annual Fee: Free for life
• Cashback: –
• Rewards:

Pros:

• No annual fees
• Available with Apple Pay
• Earn 8X reward points on everyday purchases

Rewards (Get Lucrative Rewards When You Spend More)

6. CIMB e Credit Card

With the CIMB e Credit Card, you can be rewarded with up to 12X Bonus Points on every 28th of the month with no minimum spend. You can also earn 3X Bonus Points daily for contactless payments, food delivery and more. In addition, there are 1X Bonus Points when you make an in-store PIN purchase. The minimum monthly payment is RM50 or 5% of the outstanding amount, whichever is higher.

Specifications:

• Min Income: RM2,000/month
• Interest Rate: 15% p.a.
• Annual Fee: RM100, free for the first year
• Rewards:

Pros:

• Free supplementary card
• Get up to 12X Bonus Points on every 28th of the month with no minimum spend
• Earn 3x Bonus Points daily for contactless payments, food delivery

7. Citi Rewards Mastercard

With the Citi Rewards Mastercard, you can earn 12x Citi Rewards Points for every RM1 spent on selected e-wallets and online spending, capped at RM300 per month each. 5x Citi Rewards Points for every RM1 spent locally and overseas. That is not all. You can get up to RM50,000 in personal accident insurance coverage, which applies to principal and supplementary cardholders when travelling overseas. In addition, you can enjoy 6x complimentary access to the Plaza Premium Lounge at KLIA and KLIA2.

Specifications:

• Min Income: RM5,000
• Interest Rate: 15% p.a.
• Annual Fee: RM600, free for the first 3 years
• Rewards:

Pros:

• Free for the first 3 years
• Includes travel coverage of up to RM50,000
• 12x Citi Rewards Points for every RM1 spent on selected e-wallets and online spending

8. Lazada Citi Platinum

With the Lazada Citi Platinum, you will get 10 points on every RM1 on Lazada spends and Lazada Waller per statement month. Its annual fee of RM100 is waived for the first 3 years and continues to be free of charge if you spend a minimum of RM15,000 for the subsequent years. It has a minimum monthly payment of RM50 or 5% of the outstanding amount, whichever is higher, and anyone with a minimum annual income of RM24,000 can apply.

Specifications:

• Min Income: RM2,000/month
• Interest Rate: 15% p.a.
• Annual Fee: RM100, free for first 3 years
• Rewards:

Pros:

• Free annual fees for the first 3 years
• Low minimum annual income requirement
• Up to 10x rewards points

9. HSBC Premier World Mastercard Credit Card

With the free-for-life HSBC Premier World Mastercard Credit Card, you can get 10X Reward Points on your overseas spending and 5X Reward Points on groceries, online shopping and e-wallet spending. You can also earn 8X Reward Points when you perform any contactless payment. In addition, there is also complimentary 6x access to KLIA Plaza Premium Lounge and complimentary rides from Grab when you spend a minimum of RM2,500 per transaction on airline tickets. Do note, however, that those eligible must be a HSBC Premier account holder with a minimum of RM200,000 in total relationship balance.

Specifications:

• Min Requirement: HSBC Premier account holder with a minimum of RM200,000 in total relationship balance
• Interest Rate: 15% p.a.
• Annual Fee: Free for life
• Rewards:

Pros:

• No annual fees
• 10X Reward Points on your overseas spending
• 5X Reward Points on groceries, online shopping and e-wallet spending

10. UOB Lady’s MasterCard

The UOB Lady’s MasterCard is a credit card for women only. Ladies can get 10X UNIRinggit for fashion, groceries and overseas spending at stores and online. There are also great discounts on fashion, beauty and wellness, groceries, and travel when you use the UOB Lady’s MasterCard. There is also a Female Cancer Coverage of up to RM200,000 for 6 types of female cancers with a UOB Lady’s Savings Account.

Specifications:

• Min Income: RM4,000/month
• Interest Rate: 15% p.a.
• Annual Fee: RM128
• Rewards:

Pros:

• Women only credit card
• Earn 10x points on every RM1 on fashion spends at retail shops or online
• Provides Female Cancer Coverage of up to RM200,000 for 6 types of female cancers

Cashback (Earn Real Cash Back For Goods & Services)

11. Citi Cash Back Mastercard

With a spend of RM500 and above every month, the Citi Cash Back Mastercard gives you 10% cashback on petrol, groceries, dining, and Grab. Any other retail spending earns you 0.2% cashback. Earn 10% cashback on petrol transactions when your total retail spend reaches more than RM500 in a month. This cashback category is capped at RM10 per month. In addition, the annual fee of RM120 is waived for the first 3 years for new cardholders.

Specifications:

• Min Income: RM3,000/month
• Interest Rate: 15% p.a.
• Annual Fee: RM120, free for the first 3 years
• Cashback:

Pros:

• No annual fees for the first 3 years
• 10% cashback on petrol, groceries, dining and Grab with a spend of RM500 and above
• Low minimum annual income requirement

12. UOB One Visa Classic

With the UOB One Visa Classic, you can get up to a 10% cash rebate every month on selected categories such as petrol, groceries, dining and Grab spending. Other eligible purchases can get you a 0.2% cashback, uncapped. You can also enjoy exclusive dining privileges at over 150 dining outlets nationwide at a 15% discount. What’s great about this card is that it has a low minimum spend of RM100 for each cashback category.

Specifications:

• Min Income: RM2,000/month
• Interest Rate: 15% p.a.
• Annual Fee: RM68
• Cashback:

Pros:

• Low minimum spend
• Up to 10% cashback on petrol, groceries, dining, and Grab
• Enjoy exclusive dining privileges at over 150 dining outlets nationwide at a 15% discount

13. Hong Leong Wise Gold & Platinum

The Hong Leong Wise Gold and Platinum cards offer similar rewards and are best used during weekends. You can receive a high cashback of 8% on petrol, groceries, essentials, online and dining categories spent over the weekend with a total cashback of RM15 per category. Furthermore, there is an unlimited 0.25% cash back on other transactions such as insurance, utilities, mobile and more. You will be qualified for the cashback when you spend a minimum of RM500 per month.

Specifications:

• Min Income: RM2,000/month (Gold), RM5,000/month (Platinum)
• Interest Rate: 15% p.a.
• Annual Fee: RM98
• Cashback:

Pros:

• Low minimum spend of RM500
• 8% cashback on weekends for petrol, online spend, groceries, essentials, and dining
• Unlimited 0.25% cashback on other transactions such as insurance, utilities, and mobile

14. RHB Shell Visa Credit Card

With the RHB Shell Visa Credit Card, you can get up to 12% cashback when you fuel up at any Shell station nationwide. You can also enjoy up to 12% cashback for fueling at any Shell station, capped at RM50 every month. Furthermore, other everyday spending such as groceries, online, E-wallet reloads, utilities and other spending can also earn you more cashback.

Specifications:

• Min Income: RM2,000/month
• Interest Rate: 15% p.a.
• Annual Fee: RM195, free for the first year and waived when subject to a minimum 24 swipes on the subsequent years
• Cashback:

Pros:

• Earn up to 12% cashback for petrol
• Annual fee free for the first year
• Low minimum annual income requirement

15. HSBC Amanah MPower Platinum Credit Card-i

Enjoy extra savings and up to 8% cashback on your petrol, groceries, and e-wallet spending with HSBC Amanah’s latest cash rebate program with the HSBC Amanah MPower Platinum Credit Card-i. Get an extra 0.2% cashback on all other purchases, up to RM15 per category. Increase your cashback by getting your loved ones a second card! There is no annual fee if you swipe 12 times yearly and spend a minimum of RM2,000 annually.

Specifications:

• Min Income: RM3,000/month
• Interest Rate: 15% p.a.
• Annual Fee: RM240 for primary card and RM120 for supplementary card
• Rewards: –
• Cashback:

Pros:

• Earn up to 8% cashback for petrol
• Annual fee free for the first year
• HSBC VIP SmartPrivileges Programme with Apple Pay

Petrol (Earn Cash & Rewards When You Refuel)

16. Affinbank BHPetrol ‘Touch & Fuel’ MasterCard Contactless

With the Affinbank BHPetrol ‘Touch & Fuel’ MasterCard Contactless, you can get up to 10% cash back for fuel purchases at BHPetrol, given that your card account’s previous balance amount is RM3,000 and above. Otherwise, you can get 5% cash back if your card account’s previous balance was below RM3,000. Additionally, earn a 2% cashback on weekdays (capped at RM50 monthly).

Specifications:

• Min Income: RM2,000/month
• Interest Rate: 15% p.a.
• Annual Fee: RM150, free for the first year and waived when you spend RM2,400 per year or swipe minimum 12 times in a year for subsequent years
• Cashback:

• Rewards:

Pros:

• Earn up to 10% cashback on petrol during weekends
• Annual fee waived when you spend RM2,400 per year or swipe minimum 12 times in a year
• Low minimum annual income requirement

17. Maybank Islamic Petronas Ikhwan Visa Gold Card-i

The Maybank Islamic Petronas Ikhwan Visa Gold Card-i will earn you an 8% cash rebate, which is capped at RM50 per month when you pump up at PETRONAS over the weekends. You can earn 1% cash back for spending at PETRONAS every other day. In addition, you can use your accumulated TreatsPoints to exchange gifts at the Maybank TreatsPoint Programme online store.

Specifications:

• Min Income: RM2,500/month
• Interest Rate: 15% p.a.
• Annual Fee: Free for life
• Cashback:

• Rewards:

Pros:

• No annual fees
• 8% cash rebate for petrol over the weekends
• Low minimum annual income requirement

18. Ambank Islamic Visa Platinum CARZ Card-i

With the Ambank Islamic Visa Platinum CARZ Card-i, you can get as high as a 5% cash rebate, capped at RM80 per card every month, when you make a minimum or partial credit card payment every month. Paying your card bills in full will get you a 2% cash rebate, capped at RM20 per card monthly. Both you, the principal cardholder and the supplementary cardholder, are eligible for this petrol cash rebate.

Specifications:

• Min Income: RM2,000/month
• Interest Rate: 15% p.a.
• Annual Fee: Free for life for primary card and first 3 supplementary cards; 4th supplementary card onwards is RM188
• Cashback:

• Rewards:

Pros:

• Up to 5% cash rebate on petrol
• No annual fees for primary card and the first 3 supplementary cards
• Low minimum annual income requirement

19. Maybank 2 Platinum Cards

Maybank 2 Platinum Cards will allow you to earn 5x TreatsPoints and 5% weekend cashback on all retail shopping, dining, and petrol purchases. Furthermore, there are no annual fees for the rest of your life. You will earn more rewards for every Ringgit spent on gasoline. TreatsPoints are worth 5x with your Maybank 2 American Express Card and 1x with your Maybank 2 MasterCard or Visa.

Specifications:

• Min Income: RM5,000/month
• Interest Rate: 15% p.a.
• Annual Fee: Free for life
• Cashback:

• Rewards:

Pros:

• Up to 5x TreatsPoints
• Earn 5% every weekend cash rebate
• No annual fees for primary card and supplementary card

20. AEON BiG Visa Gold

Shopping for necessities will always be exciting again with AEON BiG Visa Gold, thanks to all the reward points and rebates you’ll receive on every swipe! Enjoy 3x FREE Plaza Premium Lounge access in Malaysia, subject to a spending requirement. Every Sunday, you can fill up your tank to the brim because you’ll receive a 5% cash rebate of up to RM25 monthly.

Specifications:

• Min Income: RM3,000/month
• Interest Rate: 15% p.a.
• Annual Fee: First year free and waived when you swipe at least 12 times a year for subsequent years. RM95 primary card and RM60 supplementary card.
• Cashback:

• Rewards:

Pros:

• Up to 5x cash rebate at any AEON BiG Store
• Earn 5% every Sunday
• 3x FREE access to Plaza Premium Lounge

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Disclosure: This list was compiled by the team at My Weekend Plan after extensive research and shared opinions to suggest helpful recommendations for the public. The sequence of brands is in no particular order so if you have any other great suggestions too, please email us [emailprotected]. For more information, kindly refer to our