Ladies and Gentlemen, firstly, I would like to thank you for your past support in reading my Top 10 Credit Cards in Malaysia articles for the past few years.
If you are new to this blog, click here to read my Top 10 Credit Cards in Malaysia 2016 – Episode III.
As most of you know, the Maybank 2 Cards Premier Visa Infinite and AMEX Reserve give you the best returns (up to 10% cash back or more) from your credit card usage. If you are not aware, please click here and read my article titled A Little Bit Of This And A Little Bit Of That – Volume II, Chapter 1 to learn more.
And if you are a Follower of mine, you’ll know that back in May 2016 I have announced that I’ll stop blogging, i.e. I will no longer produce new article. However, I may update existing PAGES and articles if I feel the need for it. Click here to read my announcement – My Credit Cards Have Come Full Circle – It’s Time To Move On.
UPDATE FOR 2017
Standard Chartered Bank Strikes Back To Reclaim The Title of Ultimate Airport Lounge Credit Card that I Awarded To It Years Ago. Click here to my AIRPORT LOUNGE PAGE to read more.
I also have fantastic news for those who are holding the Maybank 2 Cards Premier. On 8th February 2017, my son was able to use his Supplementary Maybank 2 Cards Premier Visa Infinite to enter KLIA Plaza Premium Lounge for FREE!!!
More good news, effective 15th March 2017, the once upon a time Best Credit Card in Malaysia, i.e. Maybank 2 Cards Platinum and Gold will once again reclaim its position as being the Top 3 Best Credit Card in Malaysia!!! This is because the Maybank 2 Cards Gold & Platinum will once again reward the cardholder 5% cashback FOR ALL TYPES OF TRANSACTIONS on weekend!!!
And on top of the 5% cash back for weekend, we also get 5X Treats Points for Petrol every single day for up to RM499 (Maybank revised it from RM300 to RM500 on 27 Feb 2017).
And effective 15 March 2017, the Best Credit Card for Airmiles in Malaysia, i.e. Maybank 2 Cards Premier Visa Infinite and AMEX Reserve will offer a benefit that no other credit card in Malaysia will be able to beat.
If you did not know, most Visa and MasterCard credit card DO NOT reward you anything when you use it to pay for Petrol. Effective 15 March 2017, the Maybank 2 Cards Premier AMEX Reserve will reward you 5X Treats Points which means we will earn 1 Enrich Mile or KrisFlyer Mile for every Ringgit spent on Petrol!!! Even tho the 5X TP is for up to RM499 (once again, MBB revised it upwards to RM500 from initial announcement of RM300), it is one benefit no other card card match.
So, come 15th March 2017, I guess most of you would agree with me that The Best Credit Card Issuer in Malaysia for 2017 Award should be granted to Maybank once again.It is the only bank that is generous enough to offer you 4 credit cards with minimum 5% cash back for Petrol and Grocery!!!
- FREE FOR LIFE Maybank 2 Cards Gold and Platinum – 5% cash back for Petrol and Grocery on Saturday and Sunday. Max cash back per year RM600. You are entitled to 5X Treats Points for Petrol too.
- FREE FOR LIFE Maybank Islamic Ikhwan MasterCard Gold and Plaitnum – 5% cash back for Petrol and Grocery on Friday and Saturday. Max cash back per year RM600.
- Maybank Visa Signature, annual fee waived with RM30K spending – 5% cash back for Petrol and Grocery EVERYDAY. Max cash back per year RM1,056.
- FREE FOR LIFE Maybank Islamic Petronas Ikhwan Visa Gold and Platinum credit card earns you 8% cash back on Saturday and Sunday (max annual cash back RM600).
Therefore, if you hold the above 4 mentioned credit cards, you are entitled to RM2,856 cash back per year from your Petrol and Grocery expenses!!! Please note, the Maybank 2 Cards Gold or Platinum 5% cash back is for ANY TYPE OF TRANSACTIONS. I tell you, Maybank is the only bank in Malaysia that is helping the Rakyat to cope with the ever increasing cost of living. And if you are married, to double the cash back, you apply for the Gold/Platinum (you’re Principal cardholder) and your spouse also at the same time apply for the Gold/Platinum (he/she the Principal cardholder). If both of you (married couple) spend more than RM80K per year, I would recommend that you go read my article on the Maybank 2 Cards Premier and earn yourself FREE Business Class tickets – click here and read my article titled A Little Bit Of This And A Little Bit Of That – Volume II, Chapter 1 to learn more.
Update 17 March 2017
It’s official, effective 15 March 2017, the Maybank 2 Cards Gold or Platinum American Express earn us 5% Cash Back for any type of transactions in Saturday and Sunday. And we are also entitled to 5X TreatsPoints for petrol with the Maybank 2 Cards Gold/Platinum AMEX and Maybank 2 Cards Premier AMEX Reserve.
THE BEST CASH BACK CREDIT CARD IN MALAYSIA 2017
With us now entitled to 5% cash back on Saturday and Sunday for any type of transaction with the Maybank 2 Cards Gold or Platinum American Express, it is only fitting that The Best Cash Back Credit Card Award be bestowed to the FREE FOR LIFE Maybank 2 Cards Gold or Platinum. And if you and your spouse both apply separate Principal card, you will then earn a combine up to RM100 cash back per month. That’s up to RM1200 FREE Money per year!!!
In addition to the above, the FREE FOR LIFE Maybank 2 Cards Gold and Platinum American Express earn you 5X Treats Points everyday of the week (excluding Education, Utilities, Insurance, EzyPay and Government Bodeis); therefore it is the No.2 Best Credit Card in Malaysia to accumulate Enrich Miles, Asia Miles, KrisFlyer Miles and AirAsia Big Points.
FYI, the American Express card is welcome at all major Departmental Stores, TESCO, GIANT, Jaya Grocer, Cold Storage, AEON, AirAsia, Malaysia Airlines, Maxis, Telekom, Celcom, Unifi, Guardian, Watson, Poh Kong, Wah Chan, Tomei, Habib, Petron, Petronas, Shell, Alexis, Ippudo Ramen, Tai Thong Group of restaurants, TGIF, Starbucks, Baskin Robbins, Harvey Norman, Courts, Best Denki, 11 St (online shopping), Agoda Dotcom, Booking Dotcom, hotels, high end clubs, luxury brands, BMW, Mercedes Benz, Volvo and etc.
THE BEST CREDIT CARD IN MALAYSIA (and THE WORLD too) FOR ACCUMULATING AIR MILES
If you are able to use credit card for most of your expenses and overseas transactions, the best credit card for accumulating Malaysia Airlines Enrich Miles, Singapore Airlines KrisFlyer Mile and Cathay Pacific Asia Miles is with the Maybank 2 Cards Premier AMEX RESERVE and Visa Infinite.
Basically, you will earn:
5X TreatsPoints for Local and Overseas transactions with the AMEX Reserve.
5X TreatsPoints for Overseas Spending with the Visa Infinite.
2X TreatsPoints for Local Spending with the Visa Infinite.
However, you will only earn 1X TP for both the AMEX Reserve and Visa Infinite for transactions related to Education*, Insurance, Utilities and Maybank EzyPay. AND you will earn ZERO TreatsPoints for Government Bodies related transactions.
* NOTE – For OVERSEAS Tuition Fee, we still earn 5X TreatsPoints. I have been paying my children Australia Tuition Fees and earning 5X TreatsPoints with the Visa Infinite.
So Based on 5X and 2X TreatsPoints, below is what we can earn:
1 Enrich Mile or 1 Asia Mile or 1 Kris Flyer Mile with every RM0.954 spent LOCALLY or Overseas with the Maybank 2 Cards Premier AMEX Reserve. That’s less than RM1 folks.
1 Enrich Mile or 1 Asia Mile or 1 Kris Flyer Mile with every RM0.954 spent Overseas with the Maybank Visa Infinite.
1 Enrich Mile or 1 Asia Mile or 1 Kris Flyer Mile with every RM2.385 spent Locally with the Maybank Visa Infinite.
1 AirAsia BigPoint with every RM1.484 spent with the Maybank AMEX Reserve for both LOCAL and Overseas transactions.
1 AirAsia BigPoint with every RM1.484 spent Overseas with the Maybank Visa Infinite.
1 AirAsia Big Point with every RM3.71 spent Locally with the Maybank Visa Infinite.
Update 23 March 2017
ULTRA SHORT REVIEW OF THE PUBLIC BANK QUANTUM VISA & MASTERCARD CASH BACK CREDIT CARD
Public Bank launched two new credit cards in March called Quantum Visa and MasterCard. According to reports in the media, these new cards are targeted at young people.
Well, the marketing slogan/tag line adopted by Public Bank for these cards is “Live The Moment”. What rubbish, all of you who are reading this are living the moment right now. If one is not living the moment, it means the person is death!!!
The sole objective of Public Bank Quantum Credit Card slogan “Live The Moment” is to subtly imprint into your subconscious mind that if you got no money for some “shiok sendiri” sensation, no worries, swipe the card at that moment and bask in your own temporary happiness moment…… and be abruptly brought back to reality once you get the bill, hahaha.
If you ask me, this Public Bank Quantum Visa & MasterCard is really good for all ages including long time credit card users and not limited to young graduates. Reasons being:
- Both the Quantum Visa and MasterCard are FREE FOR LIFE without any condition.
- You get 5% cash back for Entertainment and Departmental Stores with the Quantum Visa capped at RM30 per month.
- You get 5% cash back for Online and Dining transactions with the Quantum MasterCard capped at RM30 per month.
With the above 3 mentioned items, everyone should go apply for BOTH the Public Bank Quantum Visa and MasterCard. And combining the two cards, we can earn up to RM60 cash back per month.
If you had read the Terms and Conditions, you will know that for any other local transactions, you will only earn 1 VIP Point and ZERO Points for government related and Public Bank portals transactions.
As for the 0% 12 installment plan with minimum purchase of RM1200, well once again I would like to highlight that 0% installment plans are traps to entice you to spend beyond your means (if you do not have cash in hand to pay for it). So for minimum purchase of RM1200 to be eligible for the 0% installment plan, IF you DO NOT have RM1200 (or amount equivalent to the purchase) in your savings account (or can’t even save RM200 per month every month) and you convert your purchase to this plan, all I can say is that credit card is not for you because you are guaranteed to spend more with credit cards and will eventually drown in the shit hole of debt.
If you are currently finding it hard to survive or cannot even save 10% of your monthly pay, I strongly recommend that you click here and read my article titled 0% Installment Plan IS A TRAP before you go sign up for 0% Installment Plan.
Now, it must be said that unlike Maybank cash back credit cards that earn us cash back from essential expenses (groceries and petrol), the Public Bank Quantum credit cards are more for non-essential expenses except maybe for the 5% Dining portion which can be very good if we are entitled to 5% cash back at McD, haha. Well, I guess the Quantum Visa where we can earn 5% cash back at Departmental Stores is also good when we buy underwear, hahaha.
With the above, I tell you the FREE FOR LIFE Public Bank Quantum Cash Back Credit Cards are really good in complimenting the FREE FOR LIFE Maybank 2 Cards Gold/Platinum where you can earn 5% Cash Back PLUS 5X TreatsPoints for ANY TYPE OF TRANSACTIONS on Saturday and Sunday with the AMEX, cash back capped at RM50 per month. Therefore, with you having these mentioned cards, you can earn up to RM110 in cash back per month. And if your spouse was to apply for his/her own Principal cards, that’s up to RM220 per month in cash back!!!
However, if you are currently holding a Maybank credit card, where our Toll Free telephone calls (including Maybank 2 Cards Gold, annual income requirement RM30K) are answered almost immediately, you may be pissed off with Public Bank Customer Service for their non premier cards. If you don’t believe me, try calling up Public Bank Quantum Credit Card Customer Service number and experience it for yourself.
Update 19 April 2017
THE ULTIMATE BEST CREDIT CARD FOR OVERSEAS TRANSACTIONS – if you are into Enrich Miles
As you have learned from above, the Maybank 2 Cards Premier AMEX Reserve earns you 1 Enrich Mile or 1 KrisFlyer Mile for every RM0.954 spent both locally and overseas. The Maybank Visa Infinite is also pretty good for overseas as you also earn 1 Enrich Mile or 1 KrisFlyer Mile for every RM0.954 spent both overseas (including overseas tuition fees).
Well, for Enrich fans who spend a lot on overseas transactions including online, I have fantastic news for you. Check out RHB Premier Visa Infinite (you must apply via RHB Premier Banking application form).
The RHB Premier Visa Infinite earns you 8X Reward Points for overseas spending including online transactions. And couple it with 6000 Reward Points = 1000 Enrich Miles, it means you earn 1 Enrich Mile for every RM0.75 spent overseas!!!
WOW!!! RM0.75 spent overseas = 1 Enrich Mile with the RHB Premier Visa Infinite is way better than Maybank 2 Cards Premier AMEX Reserve and Visa Infinite 1 Enrich Mile for every RM0.954 spent overseas!!!
I spoke to RHB Customer Service representative and she confirmed that all overseas transactions are entitled to 8X Reward Points including my children’s overseas tuition fees which are paid online. Looks like I won’t be using my Maybank 2 Cards Premier AMEX Reserve and Visa Infinite for overseas spending anymore.
And best of all, if you spend RM100K annually, you are entitled to UNLIMITED entries to all Plaza Premium Lounges all over Malaysia plus 5 overseas. And the good news is, you you spend less than RM100K (which inclides RM0), you are still entitled to 10X FREE entries to Plaza Premium Lounges 🙂 For more info on FREE entries to Airport Lounges at KLIA, KLIA2 and worldwide, please visit my Airport Lounge Page.
The RHB Premier Visa Infinite rewards you with 3X Reward Points for local transactions related to hotels, duty free, online and airlines. However, for local spending, the Maybank 2 Cards Premier AMEX Reserve still beats RHB Premier Visa Infinite as far as collecting Enrich Miles is concerned. Most Hotels (even if you book online via Agoda or Expedia), AirAsia, Singapore Airlines, Malaysia Airlines, Eraman Duty Free accept AMEX and therefore it would be stupid to go use the RHB Premier Visa Infinite at places where AMEX are accepted.
For example, if you are buying AirAsia or Malaysia Airlines tickets worth RM5K:
- With the RHB Premier Visa Infinite you will only earn equivalent 2.5K Enrich miles.
- With the Maybank 2 Cards Premier AMEX Reserve 5.24K Enrich Miles (more than double that of the RHB Premier VI).
- What about Maybank 2 Cards Premier Visa Infinite? Well you will earn 2.09K Enrich Miles.
For other local retail transactions, you are only entitled to 1X Reward Points with the RHB Premier Visa Infinite which equates to 1 Enrich Mile for every RM6 spent. This means for places where AMEX is not welcome, the Maybank 2 Cards Premier Visa Infinite with 2X Treats Points is way better as you earn 1 Enrich Mile for every RM2.385 spent. Even for transactions related to Insurance where the Maybank 2 Cards Premier earns you only 1X Treats Points, it still works out better as you will earn 1 Enrich Miles with every RM4.77 spent.
If you are new to credit cards, I strongly recommend that you take my FREE CREDIT CARD TUTORIALS by clicking here. Make sure you read the PRELUDE where I will show you (fresh graduates) that you can either choose to spend now and pay later with the Public Bank Quantum credit cards to live the moment with shiok sendiri sensations OR you can save now and have a much better quality of life in your retirement with your whole family.
For more recommendation on credit cards, please click here to my BEST CREDIT CARD PAGE (updated February 2017)