Dining Card Battle Royale! Here Are The Top Dining Credit Cards
Being a foodie can be a pricey venture. There’s a mind-boggling array of amazing food in Malaysia…if only you could afford them all.
However, that doesn’t mean you have to stop yourself from dining out. A frugal lifestyle can also include the occasional indulgence, and anyone can save cash by using the ideal credit card to maximise their savings and dining privileges.
But which is the best dining credit card for foodies in Malaysia?
HSBC Visa Signature Credit Card
If you’re a frequent diner at shopping malls and hotels, this is the card for you.
You’ll receive 1 Reward Point for every ringgit charged to your card. You get 5x more points when you spend online locally and at 34 local participating malls, and 8x more when you spend overseas and online in foreign currency. These points can be used to redeem online vouchers and a range of merchandise.
This card also gives you access to HSBC SmartPrivileges, which could net you discounts of up to 50% at a wide range of hotel buffets and restaurants.
Annual fee: RM600
Min. income requirement: RM72,000 p.a.
- 8x Reward Points on all overseas spend and online spend in foreign currency
- 5x Reward Points at local participating malls and on online spend
- Access to HSBC SmartPrivileges (shopping, dining, travel and leisure deals)
Discounts of up to 50% at a wide range of restaurants with HSBC SmartPrivilegesUp to 8x Reward Points on your spending
Citi Cash Back Credit Card
The Citi Cash Back Credit Card offers a high cash back rate of 10% on dining, groceries, petrol and Grab rides – as long as you can hit a monthly spend of at least RM500 on your card. However, the monthly caps are only at RM10 per category, which adds up to RM40 a month in total across all categories.
For other categories of spending, there’s a cash back rate of 0.2%, with no monthly caps.
Although you’ll only get a maximum of RM10 a month in cash back when it comes to dining, this card does offer discounts and promotions at a huge range of 109 food and dining establishments. With Citi World Privileges, you can get deals such as a 20% discount while dining at the Hilton Kuala Lumpur, 1-for-1 buffet at Kontiki Restaurant and 15% off at The Coffee Bean & Tea Leaf.
Annual fee: RM120 (waived for the first three years)
Min. income requirement: RM36,000 p.a.
- Up to 10% cash back on dining, groceries, petrol and Grab rides
- Unlimited 0.2% spend on other retail spend
- Access to Citi World Privileges (109 restaurants and other travel, shopping and lifestyle deals)
Up to 10% cash back on dining, groceries, petrol and Grab ridesUnlimited 0.2% spend on other retail spend
Maybank 2 Cards
With Maybank 2, you get the Maybank 2 American Express Card and Maybank 2 Mastercard/Visa Card under a single application.
You’ll get a 5% cash back when you spend with the Maybank 2 American Express Card on weekends, alongside a monthly cashback cap of RM50. It’s a pretty sweet deal, considering that you don’t have to pay any annual fees on this card.
Your cards will give you access to certain promotions and discounts, but Maybank’s catalogue of dining deals isn’t as extensive as other banks’.
Annual fee: Free
Min. income requirement: RM30,000 p.a. (Gold) or RM60,000 p.a. (Platinum)
- 5% cash back on weekends with the Maybank 2 American Express Card
- 1x TreatsPoints for all spend with the Maybank 2 Mastercard/Visa Card
- 5x TreatsPoints for spend with the Maybank 2 American Express Card locally and overseas
5% cash back on weekends with the Maybank 2 American Express CardUp to 5x TreatsPoints for your spending
CIMB Cash Rebate Platinum Credit Card
This card offers a huge 12% cash rebate on weekend dining, although the rebate is capped at RM30 a month.
For spending categories like cinemas, petrol, groceries, mobile and utility bill payments, there is a 2% cash rebate (for statement balances below RM3,000) and a 5% cash rebate (for statement balances of RM3,000 and above).
There’s also a 0.2% cash rebate on other online or retail spending.
This card gives you access to CIMB Deals, which includes dining discounts and promotions at a range of hotels and restaurants.
Annual fee: Free
Min. income requirement: RM24,000 p.a.
- 12% cash rebate on weekend dining
- Up to 5% cash rebate on cinemas, petrol, groceries, mobile and utility bill payments
- 2% cash rebate on other online or retail spend
- Access to CIMB Card Privileges (dining, shopping, beauty and wellness, golf)
12% cash rebate on weekend diningUp to 5% cash rebate on cinemas, petrol, groceries, mobile and utility bill payments
Comparison of the best dining cards
Here’s how the three cash back cards above stack up against each other:
What are the cash back caps per month?
|Citi Cash Back||Maybank 2||CIMB Cash Rebate Platinum|
|Cash back cap||RM10 per category, up to RM40||RM50||RM30|
|Minimum spend required||RM500||-||-|
How much cash back do you get?
|Amount spent on dining||HSBC Visa Signature||Citi Cash Back (10%)||Maybank 2 (5%)||CIMB Cash Rebate Platinum (12%)|
|RM100||No cash back, but points can be used to redeem online vouchers.||RM10||RM5||RM12|
For spending below RM600, CIMB Cash Rebate Platinum offers the best cash back amount. On the other hand, the Citi Cash Back Credit Card offers a RM10 monthly cap for each spending category (up to RM40 a month), which makes it worthwhile only if you also spend on other categories (groceries, petrol and Grab rides).
If you’re spending above RM600, Maybank 2 trumps both cards in terms of total amount of cash back.
While the HSBC Visa Signature Credit Card doesn’t offer cash back, the Reward Points programme is a fair trade-off. When you spend RM3,750 overseas or online in foreign currency, you’ll be rewarded with 30,000 points. At the point of writing, that’s enough to redeem a RM100 online voucher (Grab, Lazada, AirAsia, etc), which is an equivalent cash back value of 2.66%.
That seems like a small amount until you take into account that cash back cards impose monthly caps. By contrast, you won’t have any limits when it comes to point accumulation. This makes the HSBC card a worthy contender for big spenders.
In short, the best dining card really depends on how you spend:
|Consider this card if…|
|HSBC Visa Signature Credit Card||you’re a big spender who wants discounts at hotel buffets and restaurants|
|Citi Cash Back Credit Card||you want a general cash back card that rewards you for multiple spending categories|
|Maybank 2 Cards||you spend above RM600 on dining, and you want a no-fee credit card that offers the best cash back rate|
|CIMB Cash Rebate Platinum Credit Card||you spend RM600 or less on dining, and you want a no-fee credit card that offers the best cash back rate|