BEST cashback credit card (Malaysia) | How I get RM1500 in cashback!

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Swan Thinks
Published at : 28 Dec 2020
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Choosing a credit card is harder than choosing a gf/bf, there's so many out there, but a lot of them suck and try to catfish you. So I compared most of the cards out there and give you the top 4 best cashback credit cards in Malaysia. I'll also go through why you need to get a credit card and stop paying for everything in cash/debit, and how to get one if you're just starting out. FYI I myself use the cards I recommend in this video, and I get around RM1500 in cashback every year, so these are tried and tested cards!

If you want to skip ahead :'(
1. Why you NEED a credit card 00:38
2. Best cashback cards 04:00
3. How to get a credit card 09:07

Why you need a credit card?
1. Build your credit score (to more easily obtain loans in the future!)
2. Cashback and rewards (free money, don't want meh?)
3. Sign up bonuses (Get cash equivalent sign up bonuses from RinggitPlus but they damn slow at processing the bonus so BEWARE)
4. Credit cards are more secure than debit cards (disputes are resolved more easily, less risk of losing money)
5. More options and cash flow (0% instalments, in case of emergencies etc)
*As long as you don't spend any more money than you do now, just get a credit card and remember to pay off the bills IN FULL and ON TIME

What I consider to rank these cards:
1. Low minimum income requirements (max RM3000/month)
2. High cashback rate and cap
3. How easy is it to achieve max cashback (for normal humans)

Top 4 cashback credit cards:
1. Best entry level (Hong Leong Wise Gold 04:52)
2. Low minimum spend (Public Bank Quantum 06:05)
3. Ewallet users (HSBC Amanah MPower Platinum 06:48)
4. Higher spending (Standard Chartered JustOne Platinum 08:02)
Referral link for Standard Chartered if you're interested: https://www.sc.com/my/promotions/digitalcreditcards/membergetmember/?referId=MYR747-427

Other good cards:
1. Maybank 2 Gold (Great low min spend with 5% cashback and RM50 cashback cap, but its Amex so its not as widely accepted)
2. Citibank Cash Back Master Card (Again, great low min spend with 10% cashback and a RM10 cap per category, but one of the categories is Grab which not everyone uses)

Warning! Do NOT get a credit card if you have issues with spending control. Credit card interest rates are ridiculous and if you get trapped.... Just don't get trapped. Pay off your card balance IN FULL and ON TIME to avoid interest charges and you're good to go!
best credit card malaysiabest cashback credit card malaysiacashback

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