Which card will you apply?
Personally I have Maybank Amex and SC Simply Cash.
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As we approach the midpoint of 2024, it's the perfect time to review the top cashback credit cards in Malaysia and identify the ones that can help you maximize your rewards. Cashback credit cards offer an excellent way to get a portion of your spending back, effectively reducing your overall costs.
To help you make an informed decision, I've compiled a comprehensive table outlining the key details of the best cashback credit cards in Malaysia for 2024:Best Cashback Credit Cards in Malaysia (2024)
| Cashback Credit Card | Cashback Rate | Total Monthly Cashback | Cashback Cap | Min. Monthly Spend | Spending Categories |
|---|
| Maybank 2 Platinum/Gold Cards AMEX | 5% | Up to RM50 | RM50 | RM1,000 (weekends) | All-rounder |
| Alliance Bank Visa Signature Cash Back | Up to 5% | Up to RM55.50 | N/A | RM2,001 - RM3,000 | Online, petrol, groceries, dining |
| Standard Chartered Simply Cash | 15% | Up to RM60 | RM60 | RM12,000 annually | All-rounder |
| RHB Cash Back Visa | Up to 5% | Up to RM10 | RM10 | None | All-rounder |
| RHB Shell | 100% | Up to RM100 | RM100 | RM300 | Fuel |
| UOB One Card | 5-15% | Up to RM60 | RM60 | RM2,000 | All-rounder |
| HSBC Amanah MPower Platinum Credit Card-i | 8% | Up to RM50 | RM50 | RM2,000 | Groceries |
| HLB WISE Credit Card | 8% | Up to RM15 | RM15 | RM500 (weekends only) | Online |
Key Highlights
The table covers the key factors to consider, such as cashback rates, total monthly cashback, cashback caps, minimum monthly spend, and the best use case for each card. This information will help you identify the credit card that aligns best with your spending habits and financial goals.The Maybank 2 Platinum/Gold Cards AMEX is a versatile option, offering 5% cashback on a wide range of weekend transactions. The Alliance Bank Visa Signature Cash Back card provides up to 5% cashback on select categories like online shopping, petrol, groceries, and dining.The Standard Chartered Simply Cash card offers the highest cashback rate at 15%, but requires a higher minimum annual spend. The RHB Cash Back Visa is an all-rounder with up to 5% cashback across various categories without a minimum spend. The RHB Shell credit card stands out with a 100% cashback on fuel purchases, up to RM100 per month.The UOB One Card has a tiered cashback structure, rewarding higher spenders with up to 15% cashback. The HSBC Amanah MPower Platinum Credit Card-i focuses on grocery spending with an 8% cashback, while the HLB WISE Credit Card is tailored for online spending, providing 8% cashback on that category.Conclusion
Choosing the right cashback credit card can be a game-changer in maximizing your rewards and reducing your overall costs. I hope this comprehensive guide helps you make an informed decision and find the best cashback credit card for your needs in 2024.
