Best Cashback Credit Card in Malaysia

5 Best Cashback Credit Cards in Malaysia

Featured Image Source: Damir Spanic via Unsplash

With the prices of commodities seemingly inflating at every chance, consumers need to be smarter about using plastic to pay for items. The best cashback credit cards in Malaysia might just help with this.

Cashback credit cards give their users rebates for specific purchases. This could be groceries, utilities, petrol, and the like.

If you’re interested but don’t know which cashback credit card best suits your lifestyle, we’ve rounded up what we think are the best cashback credit cards in Malaysia in the list below.

1.  Maybank Islamic Mastercard Ikhwan Gold Card

Maybank Islamic Mastercard Ikhwan Gold Card's Homepage
Source: Maybank2u
BEST FOR: Grocery rebates
PRODUCTS:https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/cards/credit/islamic_mastercard_ikhwan_gold_card.page
WEBSITE: https://www.maybank2u.com.my/
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

For people who spend most of their money on groceries, Maybank’s Islamic Mastercard Ikhwan Gold Card is the best cashback credit card in Malaysia.

It offers a 5% rebate on groceries on Fridays and Saturdays at any grocery store in the country without a minimum spend requirement for its principal cardholders.

This rebate also applies to petrol. All in all, the Maybank Islamic Mastercard Ikhwan Gold Card’s rebate is capped at RM50 per month.

Besides its grocery and petrol rebates, users also get to save even more as this card has no annual fee for life.

Highlights

  • 5% grocery and petrol rebates on Fridays and Saturdays for principal cardholders
  • Can be used at any grocery store in the country
  • Capped at RM50 per month in rebates
  • No annual fee for life

 

2.  JustOne Platinum Mastercard

JustOne Platinum Mastercard's Homepage
Source: Standard Chartered
BEST FOR: 15% cashback
PRODUCTS:https://www.sc.com/my/credit-cards/justone-platinum-mastercard/
WEBSITE: https://www.sc.com/my/
ADDRESS: Find the branch nearest to you at https://www.sc.com/my/atm-branch-locator/
CONTACT DETAILS: (Malaysia) 1300 888 888;

(Overseas) +603 7711 888

Standard Chatered’s JustOne Platinum Mastercard gives its users an impressive 15% cashback on utilities, online purchases, and petrol. On top of this, there is also a 0.2% cashback on other spends.

This best cashback credit card in Malaysia caps its rebates at RM60 per category. Users also get to enjoy it with privileges and exclusive offers such as discounted movie tickets.

At the same time, Standard Chartered also makes sure to protect its users who love to shop online with e-commerce purchase protection of up to USD200.

Plus, the bank waives your annual fee for your first year so you can enjoy all of these perks without any worries!

Highlights

  • 15% cashback on utilities, online purchases, and petrol
  • 2% cashback on other spends
  • Rebates capped at RM60 per category
  • Other privileges and exclusive offers
  • Up to USD200 e-commerce purchase protection
  • No annual fee for the first year

3.  PB Visa Signature Credit Card

PB Visa Signature Credit Card's Homepage
Source: Personal Bank
BEST FOR: Many benefits
PRODUCTS:https://www.pbebank.com/Personal-Banking/Cards/Cards/PB-Visa-Signature-Credit-Card.aspx
WEBSITE: https://www.pbebank.com/
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

For individuals who don’t maximise the use of their credit cards but share with their other family members, Personal Bank offers a cashback card that can be used by both their principal and supplementary account holders.

To be exact, they offer a 6% cashback on dining, groceries, and online transactions. This is capped at RM38 per month between principal and supplementary accounts.

Besides this, this best cashback credit card in Malaysia also comes with other benefits.

PB Visa Signature Credit Card holders get 1 VIP point for every RM1 spent, which is redeemable for products, gift vouchers, and air miles. They also get free travel insurance coverage of up to RM500,000, access to any Malaysia Plaza Premium Lounge, and more.

Highlights

  • Can be used by principal and supplementary account holders
  • 6% cashback on dining, groceries, and online transactions
  • Capped at RM38 per month
  • More benefits

4.  Maybank Islamic PETRONAS Ikhwan Visa Platinum Card-i

Maybank Islamic PETRONAS Ikhwan Visa Platinum Card-i's Homepage
Source: Maybank2u
BEST FOR: Shariah-based card
PRODUCTS:https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/cards/credit/islamic_petronas_ikhwan_visa_platinum_card_i.page?
WEBSITE: https://www.maybank2u.com.my/
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]

For car owners who want to cut back on their petrol expenses, the Maybank Islamic PETRONAS Ikhwan Visa Platinum Card-i is the best cashback credit card in Malaysia.

It offers a cashback of 8% on Saturday and Sunday and 1% cashback from Monday to Friday for every spend at PETRONAS stations. This rebate is capped at RM50 per month.

A Shariah-based card, there is no annual fee for life nor conditions attached to this best cashback credit card in Malaysia. Users also get to save more using this credit card with non-compounding charges per month.

Highlights

  • 8% cashback on Saturday and Sunday for every spend at PETRONAS stations
  • 1% cashback from Monday to Friday
  • Capped at RM50 per month
  • Shariah-based card
  • No annual fee for life
  • No conditions attached
  • Non-compounding monthly charges

5.  PB Quantum Credit Cards

PB Quantum Credit Cards' Homepage
Source: Personal Bank
BEST FOR: Mastercard and Visa variants
PRODUCTS:https://www.pbebank.com/Personal-Banking/Cards/Cards/PB-Quantum-Credit-Cards.aspx
WEBSITE: https://www.pbebank.com/
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

To give Malaysians more options for the best cashback credit card in Malaysia, Personal Bank’s Quantum Credit Cards comes in Mastercard and Visa variants.

The Mastercard option gives users 5% cashback on online transactions, which is capped at RM30 per month. It also provides up to USD200 worldwide e-commerce purchase protection.

Meanwhile, the Visa option offers 5% cash back per contactless transaction with a minimum of RM30. Like the Mastercard option, it is capped at RM30 per monthly statement cycle.

Cashback payout for both Quantum Credit Cards is combined between the principal and supplementary accounts.

What’s more, users of these best cashback credit cards in Malaysia get 1x VIP Point for their other local retail spend and 2x VIP points for their overseas retail spend. This can be redeemed for products, gift vouchers, and air miles.

Highlights

  • Comes in Mastercard and Visa variants
  • 5% cashback on online transactions capped at RM30 per month for Mastercard
  • 5% cashback on contactless transactions capped at RM30 per month for Visa
  • Can be used by principal and supplementary account holders
  • VIP points for retail purchases

With one of these best cashback credit cards in Malaysia, saving money will certainly be easier when using plastic to pay. Was this article helpful to you? Let us know in the comments.

If you wish to be a smarter credit card user, by the way, you should also start looking for banks for the best balance transfers in Malaysia. You may find our top picks in our list here.