Top 10 credit cards within Malaysia

A credit card offers great convenience to its holder as he doesn’t have to carry cash all the time. A credit card is issued to the holder depending on his/her income or credit history. This is a card issued to a user to transact it in lieu of payments of goods and services. There are several banks in Malaysia which offer credit cards with various benefits to their customers.

Depending on their features and benefits, here are the top 10 credit cards available in Malaysia in 2015.

1.      Citibank Cash Back Platinum

Citibank Cash Back Premium is a credit card that provides up to 5% cash back on groceries, petrol, pharmacies, phone bills and much more. No minimum spend or registration is required. The card has an interest rate of 8.88% and annual fee of RM 195.

 

2.                HSBC Amanah Mpower Visa Platinum Credit Card-i credit card

HSBC Amanah Mpower Visa Platinum i-Credit Card offers you up to 8% cashback on your groceries, petrol, and dining with HSBC Amanah's latest cash rebate programme. Being a free credit card, it has an Islamic profit rate and is widely accepted across merchants in Malaysia.

 

3.                 Maybankard 2 Gold MasterCard credit card

Maybankard 2 Gold MasterCard is a credit card that unites two benefits of Maybank 2 American Express® Card and Maybank 2 MasterCard. This card has a lifetime fee waiver. Enjoy a low Finance charge of 8.88% p.a. on your outstanding retail balance, and save up to RM 2300 a year. All you have to do is promptly settle your minimum payment of 5% the outstanding balance or a minimum of RM25.

 

TREATS Points are earned for all spends on your Maybank 2 MasterCard/Visa Card. It also lets you enjoy 5 times the TREATS Points for all spends on your Maybank 2 American Express Card in Malaysia or anywhere else in the world (except government bodies, education institutions and insurance providers). Twice the TREATS Points are earned for every RM1 spent on your Maybank 2 American Express Card at government bodies, education institutions and insurance providers. It also lets you have access to complimentary golf at world-class golf courses around Malaysia and other countries.

 

4.                Standard Chartered JustOne Platinum MasterCard credit card

Standard Chartered JustOne Platinum MasterCard is a credit card that lets you enjoy 10% petrol cashback at all service stations nationwide. To start with, you get a complimentary RM300 petrol voucher. The card has an annual fee of RM 250 and charges interest rate of 18% on outstanding balances.

 

5.                  Alliance Bank You:nique - Great Rates credit card

Alliance Bank You:nique - Great Rates credit card lets you enjoy great savings and amazing interest rates with 0% charge for your first 3 months' spending. You can also choose your own card image for the ultimate personalised card. The free credit card has an interest rate of 9% and is widely accepted across merchants in Malaysia.

 

6.                  OCBC MasterCard Silver credit card       

OCBC MasterCard Silver is a credit card that lets you reward yourself on all your retail spending with unlimited everyday cash rebates of 0.5%. You can have the convenience of easy instalment plans and automatic bill payments. The card charges an interest rate of 15% and has no application fees.

 

7.                  HSBC Visa Platinum credit card

HSBC Visa Platinum is a credit card which lets you receive up to 8 times the reward points on spending at malls nationwide, and claim for awesome dining, and travel rewards. It has no application fees and an interest rate of 15%.

 

8.                  AEON WATAMI Visa Classic Card credit card

AEON WATAMI Visa Classic Card gets you more when you dine at any WATAMI Japanese Restaurants – also get more rewards when you shop at home or abroad. The card has an interest rate of 13.5% and has no application fees.

 

9.                  Hong Leong Mach Visa credit card

Hong Leong Mach Visa is a credit card that lets you get up to 10% cash-back all day, every day with 12 unique categories to choose from for your ever changing lifestyle. Simple and fast application, no application fees and a 15% interest rate makes this card attractive.

 

10.              Maybank Islamic MasterCard Ikhwan Platinum Card credit card               

Maybank Islamic MasterCard Ikhwan Platinum Card is a money saving credit card with 5% weekend cashback, TREATSpoint gift redemption, and no annual fee for life. Get free Touch 'n’ Go Zing card. The card follows Islamic interest rates.

Besides these 10 popular cards, there are many more offers available from different issuers. Avail a credit card based on your personal credit needs from an institution of choice.