There are dozens of credit card issuers in Malaysia and each offer different cards that provide varying rates and promos to their customers. These banks are creative enough to provide cards that offer a wide array of special rewards or privileges to appeal to different users. Credit card issuers have also made it easy for interested customers to get a credit card by letting people apply online aside from more traditional venues such as banks or special kiosks.

Retailers are also offering their own credit cards in partnership with banks or issuers to provide their loyal customers with their own branded cards. Clothing stores, petrol stations, and airlines are offering their loyal customers with credit cards and enticing them with special offers and deals with the cards.

So which credit card should you pick? Let’s compare some of the credit cards that are available in Malaysia.

Credit Cards for Malaysian Frequent Travellers

CIMB Bank is offering their Enrich MasterCard to customers that should appeal to frequent flyers. The bank’s Enrich Platinum credit card provides complimentary tickets on Malaysia Airlines and lets users earn 50% more Enrich Miles. People who get these cards also get extra miles for Malaysia Airlines online booking.

For frequent travellers who prefer to fly on Air Asia, CitiBank is offering the AirAsia-Citi MasterCard for travellers who prefer to earn points for a ticket on their preferred carrier. The card lets holders earn double Air Asia points as well as priority booking and early notice. Cardholders can earn miles to fly off to Bali, Hong Kong, Bangkok, Penang, Singapore, Melbourne and even Taipei with CitiBank’s card.

Standard Chartered is offering the WorldMiles Card. Cardholders can redeem points for Malaysia Airlines Enrich Miles, Singapore Airlines KrisFlyer Miles, and AirAsia BIG Points. One of their promo is a 50% off on the second ticket on Singapore Airlines or Silk Air. Standard Chartered is letting people apply for their WorldMiles credit card online.

Business Credit Cards in Malaysia

CIMB is also offering a platinum BusinessCard. The card doesn’t charge an annual fee and provides the user with CIMB dining and shopping privileges.

Standard Chartered is offering the Business Visa Platinum & Gold Credit Card. Business platinum cardholders enjoy unlimited access to Plaza Premium Lounge and 0.5% CashBack on retail purchases.
There are also personal credit cards for young Malaysian professionals.

These cards come with enticing rewards for young professionals. CitiBank’s Clear Card lets cardholders get 15% off on hard liquor bottle purchases at the Zouk Club Kuala Lumpur. Cardholders also get complimentary entry to the club before midnight as well as 1-for-1 drinks at the Zouk Café Bar. CitiBank also lets cardholders enjoy a 1-for-1 drinks at Coffee Been & Tea Leaf outlets nationwide.

MayBank is offering the SonyCard Visa for professionals with a minimum annual income of RM30,000. Cardholders get up to 36 months of 0% interest-free instalments at participating Sony stores. They also enjoy extended warranty on some Sony products and also get invited to special Sony events. Sony Bravia buyers can also get their sets delivered free with the card.

For fans of the Manchester United team, MayBank is offering the Maybankard Manchester United Visa Card. Their annual fee is waived for this card and cardholders get 5x Treatspoints when their favourite team wins a Premier League match. They also get 10x TreatsPoints on United Direct Online megastore. Like other credit cards on this list, you can apply for this credit card online.

Islamic Credit Cards Available in Malaysia

Faithful Muslims also have the option to get a credit card that complies with the tenets of Islamic finance. RHB is offering the Islamic Platinum Credit Card-i. The card has non compounding management fees and cardholders enjoy low management fees for balance transfer. Users also get 2x rewards points on airline tickets, travel packages, and overseas travel spending.

CIMB is also offering an Islamic credit card for their devout customers. Their Islamic MasterCard is based on the Ujrah concept where payment made is in exchange for services, benefits and privileges provided to the cardholder. The card has no joining or annual fees and provides exclusive benefits as well as rebate offers. For the platinum card, applicants should have an income of RM48,000 per annum while gold card applicants should have an income of RM24,000 per annum.

Another card in this category is Maybank’s Islamic Ikhwan Visa Infinite Card-i. The card is offered to applicants with an annual income greater than RM180,000. Every RM1 that cardholders spend locally get double TreatsPoints, and every RM1 spent overseas get five times the TreatsPoints. Users also get to enjoy 10,000 TreatsPoints upon activation of the card. The points can be converted to Malaysina Airlines’ Enrich Miles, Singapore Airlines’ KrisFlyer Miles, or Qatar Airways’s Q Miles.

The credit cards on this list are just a few of the many credit cards available to Malaysians. Learn more about your other options by going to sites that let you compare and apply for credit cards online.

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Written by CompareHero (http://www.comparehero.my), one of the leading financial comparison portal in Malaysia. We aim to guide people on their financial matters, and help them to save money and time. Please do check our website to learn more.


    3 replies to "Pick the Best Credit Card in Malaysia for You"

    • Muo idirs

      helpful article , i think each person need to find the best card for himself , because people life spending can be very different , so a good credit card for you can be bad for someone else with different life style or spending habit , for me in Malaysia i will vote for this cimb card https://loanstreet.com.my/credit-card/cimb
      no annual fees , good cash back , good rate as well ,

    • […] The Credit Cards section in SaveMoney.my has a credit card comparison tool along with a large number of blog posts on selecting the best credit or debit card. However, since the union of the Saving Plus and RinggitPlus group in 2014, most of the card comparison links on this site are redirected to the RinggitPlus site. It’s still a good place to learn and acquire information on credit cards. […]

    • Alex

      I will vote for OCBC Titanium as the best card in Malaysia.
      5% cash back on all petrol stations, food & beverage, gsc, telco; 1% on all other transaction.

      But latest news is that this card would be discontinue soon and launching new card. Wonder the new card would be better or the opposite. Hrm…..

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