Best Cashback Credit Card: Save While You Spend

The idea of a cash back credit card is that it puts money back in your wallet as you spend. Choosing a credit card that best suits your lifestyle and personality type will give you the most benefits and advantages, and help you make the most of your transactions.

With rising cost of living and the impending Goods and Services Tax (GST) that will come into force in April, we could all do with that extra bit of cash back every month.

Here’s our pick of the top three cash back credit cards that best reward you for your spending.

1) Maybank 2 Cards


The Maybank 2 Cards is a forerunner of cash back credit cards, offering rewards and benefits with both the Maybankard 2 American Express Card (AMEX) and Maybankard 2 MasterCard, in just one sign up and one statement.

If you love to eat and enjoy hopping on new and exciting culinary adventures, look no further. This is one of the few cards out there that offer both dining cash backs and reward points for your fervour for food. Some of its dining merchants include popular restaurant chains like Red Lobster, Longhorn Steakhouse and Olive Garden, to name a few.

The 5% cash back is only applicable for weekend dining on the Maybank 2 Amex. However, you get TreatPoints every time you swipe with your Maybank 2 Amex throughout the week.


  • 5% cashback on weekend dining on Maybankard 2 AMEX
  • Up to 5x TreatsPoints from retail transactions on Maybankard 2 AMEX
  • Low interest rate starting from 8.88% per annum
  • No annual fee
  • Low minimum income requirement at RM30,000 a year

Who is it for?

Foodies, those who enjoy dining out during the weekend.

Get it now!

2) RHB Travel Money Card


Like its namesake, the RHB Travel Money Card is a must-have for those who are constantly on the road.

Unlike certain petrol credit card, this card offers you cash back regardless of the petrol brand. However, the high cash back of 5% is only applicable for the first weekend of every month, and 2% cash back on all other days.

On top of the cash back, you can also earn reward points for your spending on dining, shopping and groceries. With the points accumulated, you can redeem 1,000 Enrich Miles (3,500 points) or 1,000 Singapore KrisFlyer Miles (6,000 points).

Finally, you will get Travel Accident Insurance with coverage of up to RM600,000 and Travel Inconvenience Coverage if full airfare is charged to this credit card.


  • Up to 5% cashback at all petrol stations nationwide on the first weekend of the month
  • Convert Rewards points into Enrich Miles or KrisFlyer Miles
  • 1x Rewards points with every RM1 spent
  • Low annual fee at RM70
  • Low minimum income requirement at RM24,000 a year

Who is it for?

Jet-setters and frequent travellers

Get it now!

3) Standard Chartered Gold Cashback Mastercard


Love fashion? The Standard Chartered Gold Cashback Mastercard lets you keep up with all the latest trends and stay on top of your game, with up to 5% cash back for every RM1 you spend, provided that you spend more than RM1,500 in a month.

You also get 3% cash back for expenditure above RM800 and 2% cash back for expenditure exceeding RM500. Besides shopping, cash backs are also applicable for dining, entertainment, groceries and utilities. However, spending does not cover petrol and insurance. Cash back is capped at RM50 every month.


  • Up to 5% monthly cash back for every RM1 spent for expenditure exceeding RM1,500
  • Up to 3% monthly cash back for every RM1 spent for expenditure between RM800 – RM1,500.
  • Up to 2% monthly cash back for every RM1 spent for expenditure between Rm500 – RM800
  • Exclusive travel deals
  • Low minimum income requirement at RM24,000 a year

Who is it for?

Fashionistas, trendsetters.

Get it now!

The Maybank 2 Cards takes the top spot as the best foodie companion for a food lover. If going on gastronomical adventures is your thing, you can look forward to special discounts and savings with the Maybank 2 AMEX. Of course, you only get to enjoy the perks on weekends, but that’s when most activities like eating out and catching up with friends occur anyway.

TreatPoints you earn with Maybank 2 cards are redeemable for goodies from Maybank’s extensive reward catalogue. They range from timepieces to travel gear, beauty and health products, and hot gadgets.

If you love to travel, then you can definitely benefit from one of the lowest points-to-miles conversion rate for Enrich Miles. RHB Travel Money Card, currently offers one of the lowest rate available for Enrich Miles at 3,500 points for 1,000 Miles.

Savvy and fabulous? Stay in vogue with all the latest trends with a credit card that puts money back in your wallet while you shop. Besides shopping, the Standard Chartered Gold Cashback Mastercard also offers cash back benefits for dining, groceries, petrol and utilities, now isn’t that sweet?

At iMoney, we believe that choosing the right credit card for your lifestyle can make a world of difference for your finances.

These are some of our selected cards, you can take a short quiz here to find the perfect card that suits your every need!

Leave your comment