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Saturday, June 4, 2011

Compilation of Cash Rebate Credit Cards in Malaysia


Cash rebate credit cards are getting popular. More and more card issuers introduce cards with this features and many cardholders prefer this kind of benefits rather than reward points.
Due to so many choices, consumers may get confuse and do not know which card to apply. Hopefully, with this compilation or comparison, it will easier for them.
The table below is the list of cards that offers excellent cash rebate to the cardholders throughout the year. Bear in mind that cards that have limited time cashrebate or cash rebate promotions are excluded from the list.
BankCard NameMain Features
Affin BankGeneric VISA & Mastercards- 0.4% rebate if spend between RM100 and RM1500 per month
- 0.8% rebate if spend between more than RM1500 per month
- Lifetime Fee Waiver
- Finance charge 9.9% pa
Alliance BankGeneric VISA & Mastercards- Tiered cash rebate
- Up to 1.2% rebate for classic card
- Up to 1.3% rebate for gold card
- Up to 2.0% rebate for platinum card
AMEXAll other cards- 2x points on any spending
- Points can be exchange for cash rebate
- 2x points are equivalent to 1.0% cash rebate
Gold Credit Card- 5x points on petrol, groceries, bookstore & Telcos bills
- 2x points on other spending
- Lifetime Fee Waiver
- Finance charge 9.0% pa
- Points can be exchange for cash rebate
- 5x points are equivalent to 2.5% cash rebate
- 2x points are equivalent to 1.0% cash rebate
CIMB BankPetronas Mastercard- 5% rebate at Petronas on 1st of every month
- 2% rebate at Petronas on any other day
- Lifetime Fee Waiver
CitibankCash Back Platinum- 5% rebate on petrol
- 2% rebate at Guardian, Watson
- 2% rebate at Giant, Carrefour, Tesco, Cold Storage
- 2% rebate at Celcom/Maxis/Digi bills
- 0.3% rebate on other spending
Platinum- 5x points at Tangs, Metrojaya, Isetan, Parkson, Jusco, Robinsons
- 5x points at Carrefour, Cold Storage, Giant, Tesco
- Points can be exchange for cash rebate
- 5x points are equivalent to 2.5% cash rebate
Hong LeongEssential- 1% rebate on any spending
- 2 times transaction per month or RM8000 spend per year for annual fee waiver
Fortune- 1% rebate on any spending
- Earn interest on cash rebate
- 2 times transaction per month or RM8000 spend per year for annual fee waiver
Maybank2 Cards (AMEX & Mastercard)- 5% rebate on weekend (AMEX)
- 5x points with every RM (AMEX)
- 1x point with every RM (Mastercard)
- Lifetime Fee Waiver
- Finance charge 8.88% pa
- RM50 service tax for 2 cards
OCBCGreat Eastern Titanium- 3% rebate on Great Eastern insurancepremium
- 0.75% rebate on first RM10,000 monthly spending
- 1.50% rebate on next RM10,000 monthly spending
- 3.00% rebate for amount more than RM20,000
- 1.50% rebate on education and medical
Great Eastern Platinum- 2% rebate on Great Eastern insurancepremium
- 0.75% rebate on first RM10,000 monthly spending
- 1.00% rebate on next RM10,000 monthly spending
- 2.00% rebate for amount more than RM20,000
- 1.50% rebate on education and medical
Titanium- 5% cash rebate on petrol, groceries, utility bills & dining
- 1% cash rebate on other purchase
- 12 times transaction per year for annual fee waiver
UOBOne Card- 2% rebate at Tesco, Giant, Carrefour & BHPetrol
- 0.5% rebate on bill payment
- 0.3% on other purchase
This post suppose to be “Analysis of Cash Rebate Credit Card” 2 but due to complexity of current cash rebate credit card, it just end up to be a compilation or comparison. Anyway, the most interesting cards to have are OCBC Titanium & Citibank Cash Back Platinum.
On top of cards listed above, there are many other cards that offer cash rebate such as cards from Citibank, HSBC Amanah and Public Bank. However, the rebates that they offer are really low.
If you have any comments or you find more interesting cards, please leave it in the comments section below.

1 comment:

FOREX 4U