The Ultimate Online Shopping Guide In Malaysia - Chapter 5

Which Credit Card Is The Best For Online Shopping?

best credit card online shopping

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Many of us may already own one or more credit cards. However, with 2022 marking the start of a third year under the pandemic, credit card usage will likely continue to grow.

Cashless payment options saw a massive boost during the onset of the pandemic. As Malaysia continues to adhere to strict SOP in the fight against COVID-19, more and more Malaysians gravitated towards these more convenient solutions.

Shopping online is part of our new normal today, and using the right credit card will score you extra rewards when you use it online.

Say goodbye to traffic jams and just shop online with these credit cards that offer you more benefits for online shopping.

CIMB e Credit Card

This card is made for those who are big on online shopping for all their daily needs. The best part of this online shopping card is, it is not tied to just a single online merchant, but you get to enjoy the rewards with most of the major e-commerce platforms.

Big online shops like Shopee, Lazada, Taobao, The Body Shop, HappyFresh, Foodpanda, and Watsons Online are among the featured partners to make it easy for you to collect more bonus points for your online purchases.

What’s more, the rewards are way bigger if you shop on the 10th day of every month, for all online transactions. If you shop with the featured partner as listed above, you will enjoy the maximum bonus point on the 10th day of the month.

Why use it to shop online?

  • 12X Bonus Points on the 10th of every month when shopping with featured partners
  • 10X Bonus Points on the 10th of every month when shopping with non-featured partners
  • 10X Bonus Points when you top-up and spend online using Touch ‘n Go, GrabPay, Boost, BigPay or Setel e-wallet, including for auto-billing payments
  • 5X bonus points on other days

How much are the points worth?

  • 400 Bonus Points = RM1
  • Card members who also have other CIMB credit and debit cards can transfer Bonus Points (per 1,000 points) between their own cards
  • 10,000 bonus points can convert for 1,000 Enrich Miles
  • AirAsia BIG members can also convert the Bonus Points to AirAsia BIG Points

Other benefits

  • 1X Bonus Points when making in-store contactless purchases
  • Deals as low as RM1 from selected partners on the 10th of every month
  • Convert the points to pay for purchases at over 3,000 shops nationwide
  • Allows you to donate the points to non-governmental organisations (“NGOs”) and COVID-19 support funds

All card benefits are subject to terms and conditions.

Read our full review here.

Maybank Shopee Platinum

Are you one of many Malaysians who regularly look for deals to buy on this e-commerce platform? Then earning more Shopee Coins may come in handy for your purchases on Shopee.

You can then use your coins to buy other items on Shopee or convert them into vouchers for F&B or other services on the Shopee App.

Why use it to shop online?

  • 5,000 Welcome Shopee Coins if you spend RM300 on Shopee using this card in the first two months
  • 5X Maybank Shopee Coins on every 28th of the month and on *special days
  • 4X Maybank Shopee Coins on every 28th of the month and on *special days for Dining, payWave & Entertainment
  • 1X Maybank Shopee Coins for other spend

*Special days include CNY, Raya, 9.9,11.11,12.12.

How much are the points worth?

  • 5,000 Shopee Coins = RM50
  • Maximum of 5X Maybank Shopee Coins for every RM 1 spent
  • You can earn a maximum of 5,000 Maybank Shopee Coins per statement cycle. Any spending after this limit is reached will be converted to TreatsPoints (RM 1 = 1 TP)
  • 100 Shopee Coins will entitle you to RM1 discount off any order from Shopee Preferred and Shopee Mall sellers
  • Maybank Shopee Coins cannot be used to off-set the credit card service tax or redemption of vouchers/items/Airmiles

Other benefits

  • If you earn more than 5,000 Shopee Coins each month, get rewarded with Maybank TreatsPoints which cardholders can use to redeem gifts from Maybank, including on-the-spot redemption at selected Maybank outlets
  • Earn 1X Maybank Shopee Coins for other spend

All card benefits are subject to terms and conditions.

Read our full review here.

HSBC Platinum Mastercard

This card gives you the flexibility to earn rewards, both offline and online. Besides earning points for all contactless spend you make at the shops, be rewarded when you shop for online groceries as well as at fashion and beauty online stores.

Choose from a range of merchants online like Lazada, Shopee, Grab, Zalora, Happyfresh, Fave, Malindo Air, Hermo and Klook.

Why use it to shop online?

  • Earn 8X Reward Points on all contactless spend (local retail)
  • Earn 5X Reward Points on Online, Groceries & Overseas Spend
  • Popular online merchants that you can earn 5X points are Lazada, Shopee, Grab, Zalora, HappyFresh, Fave, Malindo Air, Hermo and Klook

How much are the points worth?

  • Maximum of 8X Reward Points for every RM1 contactless spend until the limit of 3,000 points is reached. 1X Reward Points will be awarded for every RM1 spent after this limit.
  • Reward Points awarded for Groceries also capped at 3,000 points, Online Shopping at 3,000 points and Overseas Spend at 6,000 points
  • Reward Points can be converted to cash vouchers and gifts available in the HSBC Rewards Redemption Catalogue

Other benefits

  • Get 8X Reward Points for every RM1 spent locally on Mastercard Tap&GoTM, VisaPay or Samsung Pay contactless payment
  • Get 8X Reward Points for every RM1 spent locally on contactless payments like VisaPay, Mastercard Tap&GoTM or Samsung Pay
  • Get 5X Reward Points for every RM1 spent online select merchants

All card benefits are subject to terms and conditions.

Read our full review here.

Standard Chartered Smart Credit Card

Are you a digital native? If your life evolves around the digital domain, this card allows you to win cashback for all your digital lifestyle purchases.

From shopping, entertainment to e-wallet transactions, this card offers instant discounts and other rewards for you to spend smart online.

Why use it to shop online?

  • Get 30% cashback shopping online at Lazada, Shopee & Zalora.
  • Get 30% cashback when you use your card for your Boost, GrabPay, and Touch ‘N Go eWallet transactions
  • Get 6% cashback on your digital entertainment at Astro, Joox, iQIYI, Netflix, Playstation, Spotify, Steam

How much cashback can you get?

  • When you spend RM1,000 per month or more on retail purchases, you unlock a 6% cashback deal at selected merchants, capped at RM20 each month.
  • Maximum cashback at RM80/month for the first 6 months.
  • Spend a minimum of RM150 online using any Standard Chartered credit card to earn additional cash discounts with selected merchants on weekdays.

Other benefits

  • Get RM100 cashback & up to RM15,000 in quick cash at 0% interest rate with Cheque-On-Call Plus when you apply and spend.
  • Enjoy 30% cashback via online food orders and up to 50% off total bill via online food orders valid till 31 December 2020.
  • Enjoy up to 30% off when you use the card at participating restaurants.

All card benefits are subject to terms and conditions.

Using a credit card to shop online is so easy and convenient but remember to use it safely too. You can keep your online transactions safe by taking some simple precautions. Among the steps you can take include using your card only on secure websites and avoid using public Wi-Fi when making online payments.

You should also plan ahead when shopping online. Compare prices carefully including shipping and other charges as well as taking the time to check the terms and conditions. Allow yourself a cooling off period if possible before hitting that button to buy and pay with your credit card. Happy shopping!

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