Top 6 Cashback Credit Cards in Malaysia 2024

Online Shopping – A Whole New Game

In our digital world, shopping online isn’t just about convenience anymore. Sites like Shopee, eBay, and Lazada are rising, slashing the market with better offers and causing consumers to pivot to online shopping.

If you’re smart enough, it can become a smart way to save more money, especially in Malaysia. Cashback credit cards are one of the best ways to achieve that, maximizing our every purchase – which has become a game-changer over the past few years.

However, there are a lot of choices out there when it comes to finding the right cashback credit cards. If you want to find the best one, this guide is here to help you find the best cashback credit cards for 2024, highlight the top choices, and give tips on making your cashback work harder for you.

How To Choose The Best Cashback Cards

We’ve put a lot of thought into selecting these cards, focusing on what really helps you save:

• Easy to Earn Cashback: We love cards that let you start saving without making you spend a certain amount first.
  
• Real Cashback Value: We’ve gone through the fine print to find the cards that truly give you the most back for your buck.
  
• No Hidden Costs: We’re pointing you towards cards that keep more money in your pocket, with no or easily waived annual fees.

Top Cashback Credit Cards for 2024 in Malaysia

Here are the stars of the show, the best cashback credit cards for Malaysian online shoppers:

1. Maybank 2 Gold/Platinum American Express

• Cashback: A sweet 5% back on your weekend shopping, up to RM50 a month.
• Annual Fee: None, which is awesome.
• Why We Love It: Perfect for those weekend shopping sprees, it’s all about simple, straightforward savings.

2. Affin Duo Visa

• Cashback: 3% on e-wallet top-ups, online buys, and auto-billings, with a flexible cap (RM50 or RM80).
• Annual Fee: RM75, waived with minimal yearly use.
• What Stands Out: The more you keep in your account, the more you can earn back, making it a great choice for savers.

3. Public Islamic Bank Visa Platinum Card-i

• Cashback: 4% back on your online and international shopping, capped at RM30.
• Annual Fee: RM333, waived with regular use.
• The Big Plus: Easy cashback, no complicated rules.

4. UOB YOLO Visa

• Cashback: 5% on online, dining, and contactless payments, up to RM30 monthly.
• Annual Fee: RM90, waived for active users.
• Special Feature: Good for everyday shoppers who need RM600 monthly spend for cashback.

5. Hong Leong Bank (HLB) Wise

• Cashback: Up to 8% in categories like online shopping.
• Annual Fee: RM98, good for those looking to save more.
• Unique Selling Point: Spend RM500 monthly for top cashback rates.

6. Maybank Islamic Ikhwan American Express Platinum Card-i

• Cashback: 8% on online shopping, cap varies (RM50 to RM100 monthly).
• Annual Fee: No fee for extra savings, making it more appealing.
• Why It’s Top: Best for heavy online shoppers, offering high cashback with no spend requirement.

Tips for Maximizing Cashback

Got your card ready? Here’s how to get the most out of it:

• Mix and Match: Use different cards for different purchases to beat the caps and maximize benefits.
  
• Go for the Highest Cashback: Use the card that gives you the most cashback for each specific purchase.
  
• Pair with E-Wallets: Pick cards with cashback on e-wallet reloads for an extra cashback layer.
  
• Shop During Sales: Align your big purchases with sales and use bank promo codes for even more savings.

The world of cashback credit cards in Malaysia is ripe with opportunities for those ready to use them wisely.

Summary – Should You Apply For One?

To summarize, the Maybank 2 Gold/Platinum American Express card has no annual fee and gives 5% back on weekend shopping. The Affin Duo Visa offers 3% cashback on various transactions, with its annual fee waived for regular users. The Public Islamic Bank Visa Platinum Card-i and UOB YOLO Visa both reward users with 4% and 5% cashback on online and varied purchases respectively, and waive their annual fees for active users. Hong Leong Bank’s (HLB) Wise card allows up to 8% cashback on selected categories for a minimal fee. Finally, the Maybank Islamic Ikhwan American Express Platinum Card-i is perfect for online shoppers, offering 8% cashback with no annual fee and no minimum spend.

These cards cater to different spending habits, ensuring there’s something for everyone looking to maximize their savings. Remember, the secret isn’t just in the card you choose, but how you use it. With this guide, you can make every ringgit work for you.

But hold on; while these credit card offers sound great, we actually have something to provide you with. Now, Before you decide to apply for these credit cards, what if we told you that you can go all-out shopping without adding credit card commitments?

What if we told you that you can avoid having more credit cards, resulting in commitments and lower interest rates, and on top of that, you can spend without forking out every single cent of your salary?

Suppose you’re interested in how to do this. In that case, we have experience teaching and consulting Malaysians regarding financial states and property investment for over ten years now, and we are eager to share our knowledge with you.

Here’s the best part – you can learn this knowledge for free only by clicking THIS LINK.

Do you want to talk to someone regarding your current financial situation? Do you doubt you can even add another credit card to your pocket? If you have these doubts, let’s chat with our experts and get first-hand advice so you can take action. To do so, you can CLICK HERE.

We hope you learn something from this article, and we do hope you can achieve what you’re aiming for. Of course, we are thrilled to help you reach your goal. Let’s share this article with others, too.