Top 10 Credit Cards

Choosing the right credit card in Malaysia can open doors to numerous benefits like cashback, rewards, travel perks, and exclusive discounts. Whether you’re a frequent traveler, big spender, or someone looking for savings on essentials, finding the best credit card can significantly enhance your lifestyle.

The best credit card in Malaysia depends on your spending habits, lifestyle, and financial goals. From high rewards on overseas spending to cashback on essentials, there’s a card for everyone. For frequent travelers, the Maybank 2 Cards Premier and HSBC Visa Signature offer valuable perks. Cashback lovers may prefer the Standard Chartered JustOne Platinum Mastercard for their excellent rebate programs. Meanwhile, budget-conscious users will find value in the AEON Credit Service Visa Gold or Public Bank Quantum Visa/Mastercard.

• What is the best credit card for cashback in Malaysia?

  The Standard Chartered JustOne Platinum Mastercard are top choices for cashback on dining, groceries, and online spending.

• Which credit card offers the best travel benefits?

  The Maybank 2 Cards Premier and HSBC Visa Signature provide excellent travel perks, including lounge access, travel insurance, and more.

• Are there credit cards with no annual fee in Malaysia?

  Yes, the Public Bank Quantum Visa/Mastercard and AEON Credit Service Visa Gold offer no annual fee options, either by default or through waivers.

• How can I choose the right credit card?

  Consider your primary spending categories (cashback, rewards, travel perks), income eligibility, and annual fee preferences to pick the card that best fits your needs.

• Is it worth getting multiple credit cards?

  Having multiple credit cards can be beneficial if you want to maximize rewards across different spending categories, but it’s important to manage them responsibly to avoid debt.

• Can foreigners apply for credit cards in Malaysia?

  Yes, many banks in Malaysia allow foreigners to apply for credit cards, though they may have specific eligibility requirements like a valid work permit, minimum income levels, and additional documentation. Check with each bank for their exact requirements.

• How long does it take to get a credit card approved in Malaysia?

  Typically, credit card approval can take anywhere from a few days to a couple of weeks, depending on the bank’s processes and the completeness of the documentation submitted.

• What’s the minimum income required to apply for a credit card in Malaysia?

  The minimum income requirement varies by card and bank, but generally, a basic credit card may require a minimum annual income of RM24,000, while premium cards often require higher income levels, usually RM60,000 or more per year.

• Are there any credit cards in Malaysia with zero foreign transaction fees?

  Yes, some premium credit cards offer zero or reduced foreign transaction fees, which is a great feature for those who frequently shop or travel abroad. It’s best to confirm the foreign transaction fee structure with each card provider.

• How can I maximize rewards with my credit card in Malaysia?

  To maximize rewards, use your card for purchases in high-reward categories (like dining or groceries), meet minimum spending requirements for cashback tiers, and keep track of your card’s promotional offers.