Malaysia which credit card is the best

Use our Credit Card Smart Search to find a list of cards that fits your needs! Choose the one you are interested in. Credit cards in Malaysia work similarly to personal loans. Failure to do so would see you being charged an interest on your unpaid amount. A credit card is a financial service very much like a small-scale loan.

There are various types of cards, each with different privileges and functions. In Malaysia, these are the major categories of credit cards you can consider applying for:. Rewards credit cards : These cards give you reward points for purchases made using your credit card. Reward points are redeemable for gifts, vouchers, and other benefits. Cash back credit cards : These cards return a percentage of what you spend on the card each month.

Low interest : These cards offer lower interest rates compared to conventional cards. Travel credit cards : These cards give you air miles with partner airlines for selected purchases. Miles are redeemable for travel-related privileges, such as air tickets, and seats upgrades with participating airlines. Petrol credit cards : These cards offer petrol-related benefits, such as cash rebates or extra reward points on fuel and spending at petrol kiosks.

Dining credit cards : These cards offer discounts and promotions for various restaurants and eateries. Shopping credit cards : These cards offer discounts and promotions from various shopping outlets and stores. Some shopping credit cards also cater to online shopping as well. Premium : Premium cards offer promotions and privileges that focus on higher-end products and services, such as golfing, fine-dining and exclusive clubs.

Islamic credit cards : These are credit cards which are compliant with Islamic law or Shariah. Interest rates for credit cards in Malaysia commonly range between You might be charged a higher interest rate if you have a history of missing payments on bills and loans, or other credit cards.

If you have a low credit score, this may also affect the interest rate you are charged. This amount is cumulative, so it will add up over time. In Malaysia, credit card holders with income of RM36, or less in a year are restricted to a maximum credit limit of twice of his or her monthly income.

Credit limits for those earning above RM36, are determined by the card issuers. Enjoy exclusive privileges and redeem free flights with your AmBank Reward Points! An excellent credit card to augment your lifestyle.

Dine, shop, or travel like a boss with up to 3X AmBank points for retail purchases! Like vacations? Start collecting Reward Points to redeem gifts, dining deals, shopping vouchers, travel packages and many more! This is a card that is suitable for ladies, courtesy of AmBank. Get2X BonusLink Points whenever you shop, and on top of that female cardmembers get free health checkups, car assistance, and wallet For your auto bill payments, online purchases, petrol, and all your daily spends, you can get more than RM 1, cash back every year!

Showing 12 of It is basically a small loan, just like a home loan or personal loan , because you are essentially borrowing cash from your card issuer that must be paid back with an additional charge depending on your card issuer. When using a credit card, you are required to pay at least the minimum amount of your credit card balance every month by the due date.

The remaining balance will be brought forward to the following month and an interest rate will be charged. The interest rate varies with every bank so make sure to choose your card wisely. In Malaysia, if you have an annual income of RM36, or below, you can only have a maximum amount of 2 credit cards. If you earn more than RM36, per annum, you will not have any limitation on the number of cards you can apply for. As different banks have different terms and conditions, make sure you read the fine print to get more information.

There are various types of credit cards in Malaysia, each tailored to different lifestyles, spending habits, and purposes.

The following categories represent the major types of credit cards that are available to the Malaysian public: Cashback Credit Cards These cards provide a cash rebate on your purchases, which allows you to reduce your financial burden and shop with peace of mind.

Different cards have different terms for when, where, and how much cashback you can get, so it pays to do your research. Petrol Credit Cards Malaysia has one of the highest car ownership rates in the world. Just about everyone has a car, and everyone who has a car needs petrol. Petrol cards help you by allowing you different petrol-related benefits such as cashback or discounts for petrol from specific companies such as Shell or Petronas, or points that allow you to earn rewards while you fill up your tank.

Rewards Credit Cards This kind of card allows you to accumulate points as you make payments. Some cards even let you trade your points for air miles, use your points like cash to pay for items, or even holiday trips! Travel Credit Cards These cards allow you to accumulate points or air miles for travel purposes, making them suitable for frequent travellers. Contrary to popular belief, Lorem Ipsum is not simply random text.

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