Love Cashback? Here Are 5 Credit Cards You Must Check Out!

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Love Cashback? Here Are 6 Credit Cards You Must Check Out!

Tired of spending excessively on cabs, fuel, or even something as important as groceries? Wouldn’t it be great if you could save on these expenses one way or another? A cashback credit card can be the perfect tool for you to save on your daily retail spends.

While credit cards providing air miles or reward points can get confusing to use when it comes to getting maximum value, you just can’t go wrong with a cashback credit card.

When you use a cashback card for any retail transaction, you earn a part of what you spend as a cash rebate. For most Malaysian credit cards, the rebate you earn usually gets credited automatically into your card account on a monthly basis.

Here are 4 pro-tips to help you choose a cashback credit card:

  • Compare all your options and choose a card that best suits your spending patterns, unique lifestyle requirements and affordability
  • Always consider the minimum spend requirements to get the desired cashback, and the monthly cashback cap (if any)
  • Check the partnering merchants (if any) to qualify as eligible spends for cashback
  • While we all love credit cards without annual fees, at times certain cards offer benefits which more than make up for its fees and charges. See if it’s worth paying the annual fees of a card or not

There are plenty of options when it comes to credit cards offering cashback in Malaysia. Here’s an up-to-date list of 6 top cashback credit cards that you must check out.

Related: 6 Best No-Frills Credit Cards to Add Value to Your Spends

First, let’s take a look at these 6 cashback credit cards (in no particular order) and their major features:

Name of the card Cashback offer Cashback cap Spend requirements Annual fees Minimum income requirement
Citi Cash Back Platinum Up to 10% cashback on petrol, groceries (selected stores), dining and Grab rides RM15 per category per month (total 4 categories)

0.2% unlimited cashback on all other retail spends

10% cashback on 4 categories only when you spend RM1,500 or more in a month Principal card RM195 p.a.

Supplementary card RM100 p.a.

Annual fees can be waived for the first 3 years if the card is activated within 60 days of approval

RM36,000 p.a
Alliance You:nique Rebates Card Up to 3% cashback on all retail spends No capping 3% cashback when your total monthly bill is between RM2,000 to RM3,000 Principal card – RM148, Supplementary card – RM30. Annual fee waived for first 3 years. Consequent years waived on RM5,000 annual spending or 12 swipes in a year RM24,000 p.a.
Standard Chartered Cashback Platinum Mastercard Up to 5% cashback on all spends except petrol and insurance transactions 5% cashback capped at RM50/month on total spending of RM1,500 or more Spend more than RM1,500 in a month – get 5% cashback capped at RM50 Principal card – RM185.5, Supplementary card – RM106. The annual fee is waived for the first year. Annual fees for subsequent years will be waived with a minimum spend of RM20,000 p.a. RM24,000 p.a.
Maybank 2 Platinum Card 5% Weekend Cash Back for purchases made through Maybank 2 American Express Card RM50 per month All eligible spends above RM1 qualify for cashback Waived for life RM60,000 p.a.
HSBC Amanah MPower Visa Platinum Credit Card-i Up to 8% cashback on petrol and groceries (eligible stores) 8% cashback on groceries (eligible stores) and petrol capped at RM50 per month 8% cashback on petrol and groceries (capped at RM50) when you spend RM2,000 or more in a month Principal card – RM240, Supplementary card – RM120 RM36,000 p.a.
CIMB Cash Rebate Platinum Credit Card Up to 5% cash rebate on cinema, groceries, petrol, mobile and utility bill payments 5% and 2% cashback capped at RM50 per month 5% cash rebate applicable on monthly balance of RM3,000 and above Waived for life RM24,000 p.a.

Related: 7 Credit Cards That Help You Save More on Grocery Spends

Now let’s discuss each of these credit cards in more detail and see how you can maximise the benefits:

1. Citi Cash Back Platinum

Love Cashback? Here Are 6 Credit Cards You Must Check Out!

Image source: Citibank Malaysia

The Citi Cash Back Platinum Credit Card (read the review here) lets you earn up to 10% cashback on dining, petrol, groceries and Grab rides. You also earn 0.2% unlimited cashback on all other retail spends.

What you’ll love about this credit card

  • Earn a 10% cash rebate on Grab rides, dining, grocery, and petrol transactions when you spend at least RM1,500 or more in a billing month
  • Get 0.2% unlimited cashback for every RM1 you spend on other retail categories
  • Cashback that you earn every month will be credited automatically into your account

What you’ll need to watch out for

  • 10% cashback for eligible spending categories is limited to RM15 per category for every month. That means you can earn a maximum of RM60 (15X4) as cashback at the rate of 10%.
  • You’ll earn 0.2% cashback on all categories if your total monthly spending is less than RM1,500
  • To earn cashback on grocery spends, you’ll need to shop at selected outlets, such as Ben’s Independent Grocers, Mydin, Village Grocer, Everise, Tesco, Cold Storage, Jaya Grocer, Giant, Servay, AEON Big, and Econsave
  • Cash rebate earned by the supplementary cardholder will be credited into the principal cardholder’s account

Check the table below to see how you can maximise the cashback benefits by spending RM1,500 in a month:

Cashback category Amount spent in a month Cashback earned in a month
Petrol RM150 RM15 (at 10%)
Groceries (selected stores) RM150 RM15 (at 10%)
Dining RM150 RM15 (at 10%)
GRAB rides RM150 RM15 (at 10%)
Other spends RM900 RM1.8 (at 0.2%)
TOTAL RM1,500 RM61.8

 

Liked this credit card? Apply for it now on BBazaar and get an exciting free gift!

Citi Cash Back Platinum Credit Card
Card Type : Cashback
Bbazaar promotion : PARKSON gift voucher worth RM150. T&Cs apply
Apply Now
  • Upto 10% cashback on petrol, grocery, dining and Grab spends

    Unlimited 0.2% cashback on all other retail spends

  • Minimum income – RM60,000 p.a.

    Minimum age – 21 years old

    For Salaried Employees: Copy of MyKad, latest EPF statement, last 6 months’ salary slips, latest 6 months’ bank statements, and form BE with tax payment receipt

    For Self-Employed Professionals: Copy of MyKad, Business Registration Certificate (ROC & ROB), last 6 months’ bank statements, and form BE with tax payment receipt

  • Annual fee: Principal card – RM195 (with 0% GST). The annual fee will be waived for the first three years if you activate your card within 60 days of approval. Supplementary card – RM100 (with 0% GST)

    Interest rates: 15-18% p.a.

    Late payment fee: 1% of the outstanding balance subject to a minimum of RM10 and a maximum of RM100

Related: Top Petrol Credit Cards in Malaysia That Let Us Drive Around for Less

2. Alliance Bank You:nique Rebates Credit Card

Image source: Alliance Bank

The Alliance Bank You:nique Rebates (read the review here) stands true to its name as you can personalise the look of this credit card by choosing your favourite photograph as its cover!

And while you can earn 3% unlimited cashback on all your retail spends charged to this card, there are no additional restrictions about partnering merchants.

That said, there are certain spending requirements that need to be met to earn cashback, details of which are as follows:

Total monthly spending range Applicable cashback rate
RM0-RM1,000 0.5%
RM1,001-RM2,000 1.5%
RM2,001-RM3,000 3%
RM3,001 and above 0.3%


As such, a total monthly spend of RM2,001 will ensure you get 
RM60.3 as cashback. And the absence of additional riders like spending categories and partnering merchants makes it easier to achieve. Plus, the 3-year annual fee-waiver and yearly spending of RM5,000 (or just 12 swipes in a year) to waive off annual fees for subsequent years make it easy to maintain as well.

Liked this credit card? Apply for it now on BBazaar and get an exciting free gift!

Alliance Bank You:nique Rebates Credit Card
Card Type : Cashback
Bbazaar promotion : PARKSON gift voucher worth RM150. T&Cs apply
Apply Now
  • Up to 3% unlimited cashback on all retail purchases every month

    Get to personalise the look of your credit card

  • Minimum income – RM24,000 p.a.

    Minimum age – 21 years old

    For Salaried Professionals (MNCs/PLCs & Non MNCs/PLCs): Copy of NRIC (both sides) or a valid passport, last 3 months’ salary slip, last 3 months’ bank statement showing salary being credited, latest EPF statement, or latest Borang BE with official tax receipt/bank-in slip

    For Self-Employed Professionals: Copy of NRIC (both sides) or a valid passport, last 6 months’ bank statement, Business Registration Form and Form D or Form 9, 24, 49, latest EPF statement, or tax return form with official tax receipt

  • Annual fee: Principal card – RM148 (with 0% GST). Waived for first 3 years. Subsequent years waived if card is charged at least RM5,000 p.a. or used 12 times. Supplementary card – RM30 (with 0% GST)

    Interest rates: 15-18% p.a.

    Late payment fee: 1% of the outstanding balance subject to a minimum of RM10 and a maximum of RM100

Related: 6 Top Travel Credit Cards in Malaysia That Help You Save More

3. Standard Chartered Cashback Platinum Mastercard

Love Cashback? Here Are 6 Credit Cards You Must Check Out!

Image source: Standard Chartered Bank Malaysia

The Standard Chartered Cashback Platinum Mastercard (read the review here) is another popular option that you can consider. The card offers up to 5% cashback on all retail spends except petrol and insurance, and there are no additional restrictions on partnering merchant outlets.

However, there are certain spending requirements that need to be met to bag the desired cashback, details of which are as follows:

Total monthly spending range Applicable cashback rate (on all spends except petrol and insurance) Cashback cap
RM500-RM800 2% RM10
RM801-RM1,500 3% RM25
RM1,501 and more 5% RM50

As such a monthly spending of RM1,501 will get you cashback of RM50. That said, keep in mind:

  • The card comes with an annual fee waiver for the first year. For subsequent years, a spend of RM1,667 each month will not only let you earn (RM50X12) RM600 cashback in a year but would be enough to waive off RM185.5 annual fee as well
  • The cashback you earn can be redeemed for merchandise on the bank’s catalogue page

Liked this credit card? Apply for it now on BBazaar and get an attractive free gift!

Standard Chartered Cashback Platinum Mastercard
Card Type : Cashback
Bbazaar promotion : PARKSON gift voucher worth RM150. T&Cs apply
Apply Now
  • Up to 5% cashback every month on all retail spends except petrol and insurance transactions

  • Minimum income – RM24,000 p.a.

    Minimum age – 21 years old

    For Salaried Employees: Copy of NRIC (both sides), last 1 months’ salary slip and bank statement, last 6 months’ salary slip and bank statement for commission earners, latest EPF Statement, and latest Borang BE (Full submission to LHDN)

    For Self-Employed Professionals: Copy of NRIC (both sides), last 6 months’ bank statement and Business Registration Form 9, 24, 49, latest EPF Statement, and latest Borang B/BE(Full submission to LHDN)

  • Annual fee: Principal card – RM185.5. 1st year Annual Fee waiver, Supplementary card: RM106. 1st year Annual Fee waiver. Effective 1 August 2018, subsequent years will be waived with a minimum spend of RM20,000 per year

    Interest rates: 15-18% p.a.

    Late payment fee: 1% of outstanding balance subject to a minimum of RM10 and a maximum of RM100

Related: 5 Credit Cards That Give the Best Value for Overseas Spends

4. Maybank 2 Platinum Cards

Image source: Maybank

Your confusion on whether to choose a cashback or a rewards credit card ends here a the Maybank 2 Platinum Cards offers the best of both the worlds. What makes it even better is that this card comes with a lifetime annual fee waiver!

So let’s see the key benefits of this credit card:

  • You get not one but two credit cards — Maybank 2 American Express Card and Maybank 2 Mastercard / Visa Card in a single sign up and statement
  • 5% Weekend Cashback on all retail spends charged to the Maybank 2 American Express Card capped at RM50 per month
  • 5X TreatsPoints for all purchases made through the Maybank 2 American Express Card in Malaysia and overseas
  • 1X TreatsPoints for all retail spends charged to the Maybank 2 Mastercard / Visa Card
  • Lifetime annual fee waiver
  • Complimentary insurance coverage. Click here for more information

Here’s a pro-tip to make the most of the cards’ cashback programme: Carefully plan your major spends like petrol and groceries for weekends (Saturdays and Sundays). If your total weekend spends in a month charged to the Maybank 2 American Express Card touches RM1,000 mark, you’ll get the maximum possible cashback of RM50. You’ll earn (1,000X5) 5,000 TreatsPoints for those spends too which can be redeemed for goodies.

Related: 10 Important Tips to Steer Clear of Credit Card Debt

5. HSBC Amanah MPower Visa Platinum Credit Card-i

Image source: HSBC Amanah

The HSBC Amanah MPower Visa Platinum Credit Card-i (read the review here) is the only Islamic credit card to make to our list. The card offers 8% cashback on petrol and groceries for monthly spends exceeding RM2,000.

Let’s dig in deeper to find out the key benefits of this credit card:

What you’ll love about this credit card

  • 8% cashback on petrol and groceries for monthly spend exceeding RM2,000
  • 2% cashback on petrol and groceries for monthly spend below RM2,000
  • 0.2% unlimited cashback for all other local retail spends
  • Exclusive deals and offers in more than 6,500 shopping outlets in Malaysia under the VIP SmartPrivileges Programme

What you need to keep in mind

  • Combined 8% and 2% cashback is capped at RM50 per month per cardholder
  • Purchases made only at Giant, Tesco, AEON Big and Mydin qualify for 8% or 2% cashback on groceries
  • Refills only at Shell, Caltex and Petronas stations qualify for 8% or 2% cashback on petrol
  • The annual fee for the principal card is RM240 while it’s RM120 for a supplementary card

In conclusion, we can say that if you spend RM2,000 a month on groceries and fuel and the rider about partnering merchant outlets do not affect you, a cashback of RM50 per month will certainly help you save more.

Related: 6 Top Credit Cards for Expats in Malaysia

6. CIMB Cash Rebate Platinum

Image source: CIMB

The CIMB Cash Rebate Platinum is another cashback credit card that you can consider. The lifetime annual fee waiver on this card is surely something that you’ll love!

Here are the key benefits of this credit card:

  • Up to 5% cash rebate on cinema, petrol, grocery, mobile and utility bill payments
  • 2% cash rebate on foreign currency spends (online or retail)
  • 0.2% unlimited cash rebate on other online or retail spends
  • Annual fee waived for life

Keep in mind:

  • 5% cash rebate when your total monthly balance is RM3,000 or more
  • 2% cash rebate when your total monthly balance is below RM3,000
  • 5% and 2% cash rebate (combined) capped at RM30 per month per cardholder
  • Mobile and utility bill payments made through standing instructions qualify for cash rebates

While the cashback capping of RM30 per month may disappoint some, the absence of additional riders (on partnering merchant outlets) and zero annual fees makes the CIMB Cash Rebate Platinum a good option to check out.

If you’re on the lookout for a credit card, our ongoing promotion might interest you. Apply now for a Citi, Alliance Bank, or a Standard Chartered Bank credit card, right here on Bbazaar, and get a PARKSON gift voucher worth RM150 upon card approval. T&Cs apply.

Want more options? Check out our reviews of other popular credit cards in Malaysia:

All information provided in this article/blog, published on this website is strictly for general information purpose only. BBazaar does not provide any warranty about the authenticity and accuracy of such information. BBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Please visit the websites of respective banks/financial institutions for more details about products.

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