Best Cashback Credit Cards in Malaysia 2015

Being in win-win situations can be rare in life and no matter how hard we try such win-win situations come far and wide between. Cashback Credit Cards are probably the closest we come to win-win situations in daily life, with them offering something in return to us each time we use the card. These cards are extremely popular in Malaysia today as they ensure the cardholder gets rewards every-time it is used.

Here is a list of the best Cashback Credit Cards in Malaysia for the year 2015.

·         Citi Cash Back Platinum Credit Card – This card offers cardholders cashback on every retail spend, with no minimum spend amount required to avail the cashback. The account is automatically credited after each purchase with fuel purchases earning up to 5% cashback. Groceries, medicines, phone bills and shopping becomes cheaper with this card.

·         Maybank Visa Signature Credit Card – The Maybank Visa Signature Credit Card is a shoppers’ delight. The card earns TREATSPoints for every Ringgit spent, which can be converted to cash-back and redeemed. Cardholders also get 5% cashback on all petrol and grocery purchases. The TREATSPoints are valid for three years and can be converted to cash-back anytime within this period. The card comes free for the first year with an annual fee of RM550 thereafter, which is waived off if the cardholder spends a minimum of RM50000 and above per year.

·         HSBC Amanah MPower Visa Platinum Credit Card-I – This card is an excellent option for those who believe in getting value for every Ringgit spent. Cardholders get cash-back points on each purchase, be it for groceries, petrol, dining, movies or bills. Each purchase of petrol, groceries or dining earns 8% cash-back on the bill amount. The card earns money even overseas, with 1% cashback on all purchases made abroad. At an annual fee of RM 240, this card ranks among the best out there.

·         HongLeong Wise Card – The HongLeong Wise Credit Card offers customised cashback solutions to cardholders. A cardholder can choose the categories on which he/she wants to earn cash-back. Each Ringgit spent on the chosen categories earns 10% cashback, saving a chunk of money. The card comes with no annual fee, making it an excellent money saving option.

·         CIMB Cash Rebate Platinum MasterCard – The CIMB Cash Rebate Platinum MasterCard suits the shopping needs of the modern customer. The card offers exclusive additional cashback benefits on all online purchases, apart from the 10% cash rebate on monthly interest paid. Cardholders get 5% cashback on online transactions and 2% cashback on fuel, groceries and mobile bill payments. They earn cashback for every retail spend, making it the card for all expenses.

·         OCBC 365 Credit Card – The OCBC 365 Credit Card is a card which is designed to be used every day of the year. Cardholders get cashback for every spend, earning a whopping 18.3% cashback on fuel at selected petrol stations and 5% cashback on fuel at all other stations. They also earn 6% cashback on dining, 3% on online shopping, groceries, telecommunication and medical expenses. All other expenditure earns 0.3% cashback, ringing savings everywhere. The card comes at no annual fee for the first two years and costs $192 per annum after that.

Using cashback credit cards is an excellent money saving technique. These cards cater to any individual demand a customer can have and allow them to make purchases without feeling the pinch on their wallet.