Source: CardMapr via Unsplash
By Aisya binti Ahmad
Do you find growing your business difficult? It may be because you’re not taking more measures to save without skimping on your product and your employees. To help with this, the best business credit cards in Malaysia help business owners manage their business with better cash flow and bigger savings.
Don’t know where to start with business credit cards? No problem — we’ve got you covered!
Below is a list of the best business credit cards in Malaysia, including what they can bring to the table for your growing company.
1. CitiBusiness Credit Card
|BEST FOR:||Tailored to SMB’s needs|
|ADDRESS:||Find the branch nearest to you at https://www.findmyciti.com/?lid=MYENCBGGLHETLFINDMYCITI|
|CONTACT DETAILS:||(Kuala Lumpur) 03-2383 0000 (Penang) 04-296 0000 (Johor Bahru) 07-268 0000 (Sabah & Sarawak) 1800-82-1010|
The CitiBusiness Credit Card can help your business grow with conditions and benefits that are tailored for small and medium enterprises. Understanding businesses’ needs, this best business card in Malaysia offers a business-sized credit line and has a 20-day interest-free credit period.
Helping you separate your personal expenses from your business’s, the credit line for this business credit card is different from your personal credit line with the bank too.
It also gives users a comprehensive monthly statement that states in detail the business’s purchases with the card, specifically the total spending by category, merchants, and the credit card member’s activities.
To top these all off, this best business credit card in Malaysia gives you 50% more rewards points compared to regular credit cards. There are also other impressive discounts and privileges, which even include healthcare benefits.
- 20-day interest-free credit period
- Separate from personal credit card line
- Comprehensive monthly statement
- 50% more rewards points
- Healthcare benefits
2. CIMB Platinum Business Card
|BEST FOR:||Rewards and cash rebates|
|ADDRESS:||Find the branch nearest to you at https://www.cimb.com.my/en/personal/help-support/branch-locator.html|
|CONTACT DETAILS:||+603 6204 7788; [email protected]|
If you’re looking for a business credit card that is big on cash rebates and rewards, the CIMB Platinum Business Card is the best business card in Malaysia for you.
It offers attractive cash rebates on your business-related expenses. To be exact, the bank gives a 0.5% rebate on local purchases and 1.5% on overseas spend.
Users can also enjoy a variety of discounts on e-commerce, travel, groceries, dining, beauty and wellness services, and even regional golf, which is great for incentives for your employees.
Besides cash rebates and discounts, this best business credit card in Malaysia also helps businesses get bigger savings as the annual fee is waived and there is an interest-free credit period of up to 50 days.
- Cash rebates on local and overseas spend
- Discounts on e-commerce, travel, groceries, dining, etc.
- Waived annual fee
- 50 days interest-free credit period
3. Maybank Visa Corporate Card
|BEST FOR:||Travel privileges|
|ADDRESS:||Find the branch nearest to you at https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/about_us/locate_maybank.page?|
|CONTACT DETAILS:||(Malaysia) 1-300 88 6688; (Overseas)+603-7844 3696; [email protected]|
|OPERATING HOURS:||Mon to Thurs 8:45am-5:45pm Fri 8:45am-4:45pm|
The Maybank Visa Corporate Card lets users enjoy bigger savings as well as impressive travel privileges, making it one of the best business credit cards in Malaysia.
In particular, it gives unlimited 0.5% cash rebates on your retail transactions. It also gives the company greater financial flexibility with 0% interest payment installment plans.
On top of these, companies also get to enjoy travel and entertainment privileges!
Besides reducing travel and entertainment costs, it comes with a complimentary personal travel/accident insurance amounting to up to RM700,000. There is even travel inconvenience coverage for missed flights and luggage delay and loss when you book with this best business credit card in Malaysia.
While your employees get to enjoy these perks from working with you, you still get an expense report and have the ability to monitor their travel spending.
- 0.5% cash rebates on retail transactions
- 0% interest installment plans
- Reduced travel and entertainment costs
- Up to RM700,000 personal travel/accident insurance
- Travel inconvenience coverage
- Expense report and monitored travel spending
4. Visa Infinite Business Credit Card
|BEST FOR:||Greater savings|
|ADDRESS:||Find the branch nearest to you at https://www.alliancebank.com.my/corporate/branch-locator.aspx|
|CONTACT DETAILS:||03-5516 9988; [email protected]|
|OPERATING HOURS:||Mon to Fri 9:00am-5:00pm|
Alliance Bank’s Visa Infinite Business Credit Card is the best business credit card in Malaysia for business owners who prioritise greater savings.
It offers 0% interest for overseas purchases and cashback for local and international spend to up to 1.5%. Not only that, users also get to recover what they paid for Value-Added Tax for business expenses incurred overseas.
In addition to all these, the bank offers flexible payment methods, including a profit-rate-free repayment period of up to 56 days.
Users also get to enjoy travel privileges with this best business card in Malaysia, such as savings and airline frequent flyer miles with each hotel booking. This even comes with complimentary access to more than 850 airport VIP lounges in over 300 cities worldwide.
- 0% iinterest for overseas purchases
- Up to 1.5% cashback for local and international spend
- Flexible payment methods
- Up to 56 days profit rate-free repayment period
- Travel discounts
- Frequent flyer miles
- Airport VIP lounge access
5. PB Visa Business Card
|ADDRESS:||Find the branch nearest to you at https://www.pbebank.com/Personal-Banking/Branch-Locators.aspx|
|CONTACT DETAILS:||1-800-22-5555; [email protected]|
|OPERATING HOURS:||Mon to Fri 9:30am-4:00pm|
Besides getting a cashback of 0.5% on all spends, users of one of the best business cards in Malaysia, the PB Visa Business Card, can also get more flexibility in their finances.
On top of its first annual fee waiver and 20-day interest-free period, the bank also allows companies to pay a minimum of 5% of their statement balance.
So your personal and business expenses don’t get mixed up, users can opt to have an additional credit limit that is separate from their personal credit line.
As for privileges, users of this best business credit card in Malaysia get free travel insurance of up to RM1 million.
- 0.5% cashback on all spends
- First annual fee waiver
- 20-day interest-free period
- Minimum of 5% statement balance payment
- Separate business credit line
- Free travel insurance of up to RM1 million
With one of these best business credit cards in Malaysia, growing your business will surely be so much easier.
We have a lot of other banking or finance service lists, by the way, so be sure to check them out. For instance, if you want a better rate on your savings, the best savings accounts in Malaysia from our list might help you.