Top 16 Best Credit Cards In Malaysia 2023

The best thing about owning a credit card is the element of safety. Paying with a credit card makes it easier to avoid losses from fraud as you will not be required to pay for the transactions you didn’t make while the credit card company resolves the matter. 

However, if your debit card is used fraudulently, the money goes missing from your account, and it may take time for your money to be restored to your account. If you have yet to own a credit card, read about the many benefits of using a credit card and consider applying for one of these 16 best credit cards in Malaysia. 

What does credit cards with no annual fees mean?

A credit card with no annual fee means that these credit cards are free-for-life with no annual fees. This type of credit card would be the best choice for new users as it is easy to maintain. Note that some credit cards come with no annual fee for only the first year or the first few years. However, you can still enjoy an annual fee waiver if you meet the minimum spend. 

How do you choose the best credit card rewards? 

Credit card rewards are points that can be used to redeem credit card rewards. The best credit card rewards would allow you to collect more points for every Ringgit you spend. Therefore, choose a credit card that offers excellent redemption items and allows you to collect points quickly and easily.

How does a cashback credit card work? 

A cashback credit card gives back a small percentage of cash back returns for each spend. Usually, for higher percentage cashbacks, there is a cap on the maximum amount of cashback you can earn each month. However, this can add up to hundreds within a year. 

16 Best Credit Cards in Malaysia 2023

Minimum Income & No Annual Fees

Rewards

Cashback

Petrol

Minimum Income & No Annual Fees (Sign Up For Free & Get Cashback & Rewards For Life!)

1. Maybank Shopee Visa Platinum

Maybank-Shopee-Visa-Platinum
Image credit: The Star

With the Maybank Shopee Visa Platinum, you can receive a bonus of 5000 Welcome Shopee Coins after RM300 spend and enjoy up to 5x Shopee Coins for any spend on Shopee, dining, entertainment, and contactless payments. The Maybank Shopee Visa Platinum allows for a minimum monthly payment of RM25 or 5% of the outstanding amount, whichever is higher. The best part is that this credit card has no annual fee charges and is free for life.

Specifications: 

  • Min Income: RM2,000/month
  • Interest Rate: 15% p.a.
  • Annual Fee: Free for life
  • Rewards: 
Earn Rewards PointsSpend
5 points on every RM1on Shopee spend on Special Days
2 points on every RM1on Shopee spend on Special Days
4 points on every RM1on Dining, payWave and Entertainment spend on Special Days
2 points on every RM1on Dining, payWave and Entertainment spend on Normal days
1 point on every RM1on other spend
1 point on every RM1on utilities, education, EzyPay and insurance

Pros: 

  • No annual fees
  • Earn 5000 Welcome Shopee Coins with RM300 spend
  • Earn up to 5x Shopee Coins for any spend on Shopee, dining, entertainment, and contactless payments

2. Maybank GRAB Mastercard Platinum

Maybank-GRAB-Mastercard-Platinum
Image credit: Says

With the Maybank GRAB Mastercard Platinum, you can earn up to 5x Maybank Grab Points for every RM1 spent on the Grab app. You can also get 1,000 Maybank Grab Points as a Welcome Gift upon card activation. The minimum monthly payment allowed is RM25 or 5% of the outstanding amount, whichever is higher. This card is worth it because this Maybank GRAB Mastercard Platinum has zero annual fee charges and is free for life.

Specifications: 

  • Min Income: RM2,000/month
  • Interest Rate: 15% p.a.
  • Annual Fee: Free for life
  • Rewards: 
Earn Rewards PointsSpend
5 points on every RM1for all purchases made in Grab app, including Grab e-wallet reloads
2 points on every RM1for transaction made overseas, cross-border and e-commerce
1 point on every RM3for other local purchases made

Pros: 

  • No annual fees
  • Earn earn up to 5x Maybank Grab Points for every RM1 spend on the Grab app 
  • Earn 1,000 Maybank Grab Points as a Welcome Gift upon card activation 

3. Maybank 2 Gold Cards

Maybank--Gold-Cards
Image credit: Maybank2u

The Maybank 2 Gold Cards are free for life, and you can spend any amount on the weekends and get 5% cashback on all spending (except for government bodies and utilities) charged to your Maybank 2 American Express Gold cards, capped at RM50 per month. You can also earn 5x TreatsPoints for all weekday spending on your Maybank 2 American Express Card and 1x TreatsPoint on all your spending with MasterCard or Visa.  

Specifications: 

  • Min Income: RM2.500/month
  • Interest Rate: 15% p.a.
  • Annual Fee: Free for life
  • Cashback: 
Cashback CategoryCashback RateMonthly CapSpend
All Local and Overseas Spending5%RM50any amount on weekends only
  • Rewards: 
Earn Rewards PointsSpend
5 points on every RM1on all retail with Maybank 2 American Express Card (weekdays)
1 point on every RM1on utilities, education, insurance and EzyPay Instalment with Maybank 2 American Express Card
1 point on every RM1on all retail with Maybank 2 MasterCard or Visa

Pros: 

  • No annual fees
  • 5% cashback on weekends
  • Earn up to 5x TreatsPoints on weekday spending on retail

4. Public Bank Quantum Visa and MasterCard

Public-Bank-Quantum-Visa-and-MasterCard
Image credit: propfits.my/publicbank/

The Public Bank Quantum Visa is free for life and comes with a complimentary MasterCard Credit Card. For every contactless transaction of at least RM100, you earn 2% cashback, which is capped at RM20 per month. You can accumulate VIP Points whenever you spend on dining or shopping at retail stores, locally and abroad, and exchange them for more food vouchers or other items. The VIP Points are valid for 3 years.

Specifications: 

  • Min Income: RM3,000/month
  • Interest Rate: 15 % p.a.
  • Annual Fee: Free for life
  • Cashback: 
Cashback CategoryCashback RateMonthly CapSpend
Contactless Transaction2%RM20from RM100 or above
  • Rewards: 
Card TypeEarn Rewards PointsSpend
Quantum Visa & MasterCard 1 point on every RM1 local retail transactions
Quantum Visa 2 points on every RM1overseas retail transactions

Pros: 

  • No annual fees
  • Cashback of 2% with a minimum spend requirement
  • Low minimum annual income requirement

Rewards (Get Lucrative Rewards When You Spend More)

5. CIMB e Credit Card

CIMB-e-Credit-Card
Image credit: CIMB

With the CIMB e Credit Card, you can be rewarded with up to 12X Bonus Points on every 28th of the month with no minimum spend. You can also earn 3X Bonus Points daily for contactless payments, food delivery and more. In addition, there are 1X Bonus Points when you make an in-store PIN purchase. The minimum monthly payment is RM50 or 5% of the outstanding amount, whichever is higher.

Specifications: 

  • Min Income: RM2,000/month
  • Interest Rate: 15% p.a.
  • Annual Fee: RM100, free for the first year
  • Rewards: 
Earn Rewards PointsSpend
12 points on every RM1RM1 on online retail spends, contactless payments, food delivery, e-wallet spends (Touch ‘n Go, GrabPay, Boost, BigPay, and Setel), and auto-billing (28th of every month)
3 points on every RM1on online retail spends, contactless payments, food delivery, e-wallet spends (Touch ‘n Go, GrabPay, Boost, BigPay, and Setel), and auto-billing (Everyday)
1 point on every RM1on in-store PIN purchases

Pros: 

  • Free supplementary card
  • Get up to 12X Bonus Points on every 28th of the month with no minimum spend
  • Earn 3x Bonus Points daily for contactless payments, food delivery

6. Citi Rewards Mastercard

Citi-Rewards-Mastercard
Image credit: CompareHero

With the Citi Rewards Mastercard, you can earn 12x Citi Rewards Points for every RM1 spent on selected e-wallets and online spending, capped at RM300 per month each. 5x Citi Rewards Points for every RM1 spent locally and overseas. That is not all. You can get up to RM50,000 in personal accident insurance coverage, which applies to principal and supplementary cardholders when travelling overseas. In addition, you can enjoy 6x complimentary access to the Plaza Premium Lounge at KLIA and KLIA2.

Specifications: 

  • Min Income: RM5,000
  • Interest Rate: 15% p.a.
  • Annual Fee: RM600, free for the first 3 years
  • Rewards: 
Earn Rewards PointsSpend
12 points on every RM1on selected e-wallet and online spend namely Touch ‘n Go, Boost, BigPay and iTunes
5 points on every RM1at selected departmental stores and supermarkets locally
5 points on every RM1on all overseas retail (excluding EEA transaction)
1 point on every RM1on other local retail transaction

Pros: 

  • Free for the first 3 years
  • Includes travel coverage of up to RM50,000
  • 12x Citi Rewards Points for every RM1 spent on selected e-wallets and online spending

7. Lazada Citi Platinum

Lazada-Citi-Platinum
Image credit: Citibank

With the Lazada Citi Platinum, you will get 10 points on every RM1 on Lazada spends and Lazada Waller per statement month. Its annual fee of RM100 is waived for the first 3 years and continues to be free of charge if you spend a minimum of RM15,000 for the subsequent years. It has a minimum monthly payment of RM50 or 5% of the outstanding amount, whichever is higher, and anyone with a minimum annual income of RM24,000 can apply.

Specifications: 

  • Min Income: RM2,000/month
  • Interest Rate: 15% p.a.
  • Annual Fee: RM100, free for first 3 years
  • Rewards:
Earn Rewards PointsSpend
10 points on every RM1on Lazada spends and Lazada Wallet per statement month
5 points on every RM1on online subscriptions, food delivery, telco and insurance category spends per statement month
1 point on every RM1on all other retail and petrol spends
1000 points on every RM1,500monthly Bonus Points

Pros: 

  • Free annual fees for the first 3 years
  • Low minimum annual income requirement
  • Up to 10x rewards points

8. HSBC Premier World Mastercard Credit Card

HSBC-Premier-World-Mastercard-Credit-Card
Image credit: HSBC Malaysia

With the free-for-life HSBC Premier World Mastercard Credit Card, you can get 10X Reward Points on your overseas spending and 5X Reward Points on groceries, online shopping and e-wallet spending. You can also earn 8X Reward Points when you perform any contactless payment. In addition, there is also complimentary 6x access to KLIA Plaza Premium Lounge and complimentary rides from Grab when you spend a minimum of RM2,500 per transaction on airline tickets. Do note, however, that those eligible must be a HSBC Premier account holder with a minimum of RM200,000 in total relationship balance.

Specifications: 

  • Min Requirement: HSBC Premier account holder with a minimum of RM200,000 in total relationship balance
  • Interest Rate: 15% p.a.
  • Annual Fee: Free for life
  • Rewards: 
Earn Rewards PointsSpend
10 points on every RM1on all overseas spend
8 points on every RM1on contactless payments
5 points on every RM1on groceries, online shopping and e-wallet spend
1 point on every RM1on all other spend

Pros: 

  • No annual fees
  • 10X Reward Points on your overseas spending
  • 5X Reward Points on groceries, online shopping and e-wallet spending

9. UOB Lady’s MasterCard

UOB-Ladys-MasterCard
Image credit: CompareHero

The UOB Lady’s MasterCard is a credit card for women only. Ladies can get 10X UNIRinggit for fashion, groceries and overseas spending at stores and online. There are also great discounts on fashion, beauty and wellness, groceries, and travel when you use the UOB Lady’s MasterCard. There is also a Female Cancer Coverage of up to RM200,000 for 6 types of female cancers with a UOB Lady’s Savings Account.

Specifications: 

  • Min Income: RM4,000/month
  • Interest Rate: 15% p.a.
  • Annual Fee: RM128
  • Rewards: 
Earn Rewards PointsSpend
10 points on every RM1on fashion spends at retail shops or online
5 points on every RM1on groceries spends at stores or online
5 points on every RM1on overseas spends at retail shops or online in foreign currencies

Pros: 

  • Women only credit card
  • Earn 10x points on every RM1 on fashion spends at retail shops or online
  • Provides Female Cancer Coverage of up to RM200,000 for 6 types of female cancers

Cashback (Earn Real Cash Back For Goods & Services)

10. Citi Cash Back Mastercard
Citi-Cash-Back-Mastercard
Image credit: CompareHero

With a spend of RM500 and above every month, the Citi Cash Back Mastercard gives you 10% cashback on petrol, groceries, dining, and Grab. Any other retail spending earns you 0.2% cashback. Earn 10% cashback on petrol transactions when your total retail spend reaches more than RM500 in a month. This cashback category is capped at RM10 per month. In addition, the annual fee of RM120 is waived for the first 3 years for new cardholders.

Specifications: 

  • Min Income: RM3,000/month
  • Interest Rate: 15% p.a.
  • Annual Fee: RM120, free for the first 3 years
  • Cashback: 
Cashback CategoryCashback RateMonthly CapSpend
Petrol10%RM10from RM500 or above monthly
Groceries10%RM10from RM500 or above monthly
Dining10%RM10from RM500 or above monthly
Grab10%RM10from RM500 or above monthly
Petrol0.2%uncappedup to RM499 monthly
Groceries0.2%uncappedup to RM499 monthly
Dining0.2%uncappedup to RM499 monthly
Grab0.2%uncappedup to RM499 monthly
Other Retail Spends0.2%uncappedany amount monthly

Pros: 

  • No annual fees for the first 3 years
  • 10% cashback on petrol, groceries, dining and Grab with a spend of RM500 and above
  • Low minimum annual income requirement
11. UOB One Visa Classic
UOB-One-Visa-Classic
Image credit: ringgitplus.com

With the UOB One Visa Classic, you can get up to a 10% cash rebate every month on selected categories such as petrol, groceries, dining and Grab spending. Other eligible purchases can get you a 0.2% cashback, uncapped. You can also enjoy exclusive dining privileges at over 150 dining outlets nationwide at a 15% discount. What’s great about this card is that it has a low minimum spend of RM100 for each cashback category. 

Specifications: 

  • Min Income: RM2,000/month
  • Interest Rate: 15% p.a.
  • Annual Fee: RM68
  • Cashback: 
Cashback CategoryCashback RateMonthly CapSpend
Petrol (Monthly Spend met)  10%RM10up to RM100 monthly
Petrol (Monthly Spend not met)  0.2%RM10up to RM100 monthly
Groceries (Monthly Spend met)10%RM10up to RM100 monthly
Groceries (Monthly Spend not met)0.2%RM10up to RM100 monthly
Dining (Monthly Spend met)10%RM10up to RM100 monthly
Dining (Monthly Spend not met)0.2%RM10up to RM100 monthly
Grab (Monthly Spend met)10%RM10up to RM100 monthly
Grab (Monthly Spend not met)0.2%RM10up to RM100 monthly
Other Retail0.2%uncappedany amount monthly

Pros: 

  • Low minimum spend
  • Up to 10% cashback on petrol, groceries, dining, and Grab
  • Enjoy exclusive dining privileges at over 150 dining outlets nationwide at a 15% discount 
12. Hong Leong Wise Gold & Platinum 
Hong-Leong-Wise-Gold-Platinum-
Image credit: RinggitPlus

The Hong Leong Wise Gold and Platinum cards offer similar rewards and are best used during weekends. You can receive a high cashback of 8% on petrol, groceries, essentials, online and dining categories spent over the weekend with a total cashback of RM15 per category. Furthermore, there is an unlimited 0.25% cash back on other transactions such as insurance, utilities, mobile and more. You will be qualified for the cashback when you spend a minimum of RM500 per month.

Specifications: 

  • Min Income: RM2,000/month (Gold), RM5,000/month (Platinum)
  • Interest Rate: 15% p.a.
  • Annual Fee: RM98
  • Cashback: 
Cashback CategoryCashback RateMonthly CapSpend
Petrol (Weekends)8%RM15from RM500 or above monthly on weekends only
Online Spend (Weekends)8%RM15from RM500 or above monthly on weekends only
Groceries & Essentials (Weekends)8%RM15from RM500 or above monthly on weekends only
Dining (Weekends)8%RM15from RM500 or above monthly on weekends only
Others0.25%uncappedfrom RM500 or above monthly
Petrol (Weekdays)1%RM15from RM500 or above monthly
Groceries & Essentials (Weekdays)1%RM15from RM500 or above monthly
Dining (Weekdays)1%RM15from RM500 or above monthly
Online Spend (Weekdays)1%RM15from RM500 or above monthly

Pros: 

  • Low minimum spend of RM500
  • 8% cashback on weekends for petrol, online spend, groceries, essentials, and dining
  • Unlimited 0.25% cashback on other transactions such as insurance, utilities, and mobile 
13. RHB Shell Visa Credit Card
RHB-Shell-Visa-Credit-Card
Image credit: RinggitPlus

With the RHB Shell Visa Credit Card, you can get up to 12% cashback when you fuel up at any Shell station nationwide. You can also enjoy up to 12% cashback for fueling at any Shell station, capped at RM50 every month. Furthermore, other everyday spending such as groceries, online, E-wallet reloads, utilities and other spending can also earn you more cashback. 

Specifications: 

  • Min Income: RM2,000/month
  • Interest Rate: 15% p.a.
  • Annual Fee: RM195, free for the first year and waived when subject to a minimum 24 swipes on the subsequent years
  • Cashback: 
Cashback CategoryCashback RateMonthly CapSpend
Petrol spend at Shell12%RM50from RM2,500 or above monthly
Petrol spend at Shell8%RM50from RM1,500up to RM2,499 monthly
Petrol spend at Shell5%RM50from RM800up to RM1,499 monthly
Grocery, Online Spend, E-Wallet Reload & Utilities5%RM50from RM2,500 or above monthly
Grocery, Online Spend, E-Wallet Reload & Utilities2%RM50from RM1,500 up to RM2,499 monthly
Grocery, Online Spend, E-Wallet Reload & Utilities1%RM50from RM800up to RM1,499 monthly
Other spend0.2%uncappedfrom RM2,500 or above monthly
Other spend0.2%uncappedfrom RM1,500 up to RM2,499 monthly
Other spend0.2%uncappedfrom RM800 up to RM1,499 monthly

Pros: 

  • Earn up to 12% cashback for petrol
  • Annual fee free for the first year 
  • Low minimum annual income requirement

Petrol (Earn Cash & Rewards When You Refuel)

14. Affinbank BHPetrol ‘Touch & Fuel’ MasterCard Contactless
Affinbank-BHPetrol-Touch-Fuel-MasterCard-Contactless
Image credit: ringgitplus.com

With the Affinbank BHPetrol ‘Touch & Fuel’ MasterCard Contactless, you can get up to 10% cash back for fuel purchases at BHPetrol, given that your card account’s previous balance amount is RM3,000 and above. Otherwise, you can get 5% cash back if your card account’s previous balance was below RM3,000. Additionally, earn a 2% cashback on weekdays (capped at RM50 monthly).

Specifications: 

  • Min Income: RM2,000/month
  • Interest Rate: 15% p.a.
  • Annual Fee: RM150, free for the first year and waived when you spend RM2,400 per year or swipe minimum 12 times in a year for subsequent years
  • Cashback: 
Cashback CategoryCashback RateMonthly CapSpend
Petrol spend at BHPetrol (weekend)10%RM50any amount on weekends only
Petrol spend at BHPetrol (weekdays)2%RM50any amount monthly
  • Rewards: 
Earn Rewards PointsSpend
1 point on every RM1on all retail transactions

Pros: 

  • Earn up to 10% cashback on petrol during weekends
  • Annual fee waived when you spend RM2,400 per year or swipe minimum 12 times in a year 
  • Low minimum annual income requirement
15. Maybank Islamic Petronas Ikhwan Visa Gold Card-i
Maybank-Islamic-Petronas-Ikhwan-Visa-Gold-Card-i
Image credit: LOKAPOST.COM

The Maybank Islamic Petronas Ikhwan Visa Gold Card-i will earn you an 8% cash rebate, which is capped at RM50 per month when you pump up at PETRONAS over the weekends. You can earn 1% cash back for spending at PETRONAS every other day. In addition, you can use your accumulated TreatsPoints to exchange gifts at the Maybank TreatsPoint Programme online store.

Specifications: 

  • Min Income: RM2,500/month
  • Interest Rate: 15% p.a.
  • Annual Fee: Free for life
  • Cashback: 
Cashback CategoryCashback RateMonthly CapSpend
PETRONAS spend (weekend)8%RM50any amount
PETRONAS spend(weekday)1%RM50any amount
  • Rewards: 
Earn Rewards PointsSpend
1 point on every RM1on local and overseas retail
1 point on every RM1on education, utilities, insurance and 0% EzyPay

Pros: 

  • No annual fees
  • 8% cash rebate for petrol over the weekends
  • Low minimum annual income requirement
16. Ambank Islamic Visa Platinum CARZ Card-i
Ambank-Islamic-Visa-Platinum-CARZ-Card-i
Image credit: AmBank

With the Ambank Islamic Visa Platinum CARZ Card-i, you can get as high as a 5% cash rebate, capped at RM80 per card every month, when you make a minimum or partial credit card payment every month. Paying your card bills in full will get you a 2% cash rebate, capped at RM20 per card monthly. Both you, the principal cardholder and the supplementary cardholder, are eligible for this petrol cash rebate.

Specifications: 

  • Min Income: RM2,000/month
  • Interest Rate: 15% p.a.
  • Annual Fee: Free for life for primary card and first 3 supplementary cards; 4th supplementary card onwards is RM188
  • Cashback: 
Cashback CategoryCashback RateMonthly CapSpend
Petrol (on partial credit card payment)5%RM80any amount monthly
Petrol   (on full credit card payment)2%RM20any amount monthly
  • Rewards: 
Earn Rewards PointsSpend
1 point on every RM1for all spending
2 points on every RM1for transactions made outside of Malaysia (not applicable for online transactions)

Pros: 

  • Up to 5% cash rebate on petrol 
  • No annual fees for primary card and the first 3 supplementary cards
  • Low minimum annual income requirement

Grab Your Complimentary Lazada Voucher 【Here

Tons of Shopee Cashback Deals 【Here

Disclosure: This list was compiled by the team at My Weekend Plan after extensive research and shared opinions to suggest helpful recommendations for the public. The sequence of brands is in no particular order so if you have any other great suggestions too, please email us [email protected] For more information, kindly refer to our copyright, privacy & disclosure policy.

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