Are you an Online Shoppers?
I have to be very honest that when it comes to Online Shopping, there’s so much cashback to earn as compared to shop at retail stores. Getting the correct cashback credit card is one of the key to helps on your saving! You probably don’t know yet, but if you spend more than RM 1,500 per month, you can get at least RM150 cashback…and yes, every month!
First, Calculate your spending.
If you’re trying to look for the Best Credit Cards in Malaysia that fits your spending criteria, first thing first, you need to calculate your monthly spending – What are the things that you need to spend on or is there any commitment that you need to pay especially Utilities Bills such as Phone Bill, Electric Bill or Car Loan or Insurance etc.
Write it down.
TWO (2) Things to ask when you’re applying for a credit card:
- How many % cashback do you get when you shop online?
- What is the maximum capped?
Which are the TOP 3 Cashback Credit Cards in Malaysia?
If you briefly search on gobear, one of the credit cards comparison website, the cashback credit cards that pops up are Stardard Chartered Gold Cashback Card, CIMB Cash Rebate Platinum and UOB VOX card.
And surprisingly, I owned a Standard Chartered Gold Cashback Card and I’ve used UOB VOX card before, and my sister is holding a CIMB Cash Rebate Platinum Card as well! We have been using these cards for years and there must be a reason WHY we never CANCEL these cards, trust me, because the rebate are too good to refused!
Standard Chartered Gold Cashback Card – Maximum RM50 Cash Rebates/Month!
I’ve been using this card for about 5 years, it’s my first credit card! When I first applied for this card, it doesn’t really appeal to me because of the rebate tiers. The card offer up to 5% cashback per month but you must have a minimum spend of RM1500, does it sound a bit turn off? But wait, as long as you spend RM500 exclude Insurance and Petrol, you will be entitled for 2% cashback and if you spend more than RM800, you will get a 3% cashback too.
Keep in mind of the T&Cs:
- CashBack does not include Insurance and transactions made at petrol station/kiosk
- Minimum spend of RM1500 to qualify for 5% cashback
- No cashback under RM500 spend
- Cashback is capped at RM50 per month
CIMB Cash Rebate Platinum Card – One for All!
If you spend on groceries, petrol, online and phone utilities, this is the one you need! What are the main 3 selling points of this credit card?
- 0.2% cashback on all retail spend
- 10% cashback on credit card interest charges
- No cap on cashback for other retail spend or credit card interest charges
Speaking of the cashback that you will get based on your spending, the breakdown of cashback % and also the maximum capped are here:
- 1) Groceries – 2% cashback on groceries spend and capped at RM50/month
- 2) Petrol – 2% cashback on all petrol spend and capped at RM50/month
- 3) Online Shopping – 5% cashback on all online spend and capped at RM30/month
- 4) Utilities/Mobile bills – 2% cashback on mobile/utility bills and capped at RM50/month
UOB VOX Card – 5% for all Online Spending!
I used to owned this card but it was discontinued for a while and now it’s back! This card is good as a secondary card to Standard Chartered, so when you spend more than RM1,500 on standard chartered and reach the rebate capped, you can continue using VOX card for online shopping for additional cashback.
Keep in mind of the T&Cs:
- 0.2% cashback on all spend
- 5% on online spending but capped at RM50/month
Are these all the Best Credit Cards for Online Shoppers?
Credit cards can be very personal as everyone has different spending power and spending style, you will definitely start knowing which cards really suitable for you once you start using it. Alternatively, I would personally recommended OCBC Cashback Card as well with 1% cashback for all online and international transaction! Phew, definitely a good call for online shopper and traveler! Or in order to make your life easy, you can always try comparison website like GoBear that shows you all the credit cards that match your spending style, hence from there you can narrow down your list of choices.