Cash Back Credit Card Showdown Methodology

I am going to start on my Cash Back Credit Cards Mini Showdown 2018 to determine the Best Top 5 Cash Back Credit Cards in Malaysia. But before I do, I have to decide on how to go about it.

Cards Selected for the Mini Showdown

So, first thing first, I have to select the credit cards to be analyzed, which is pretty easy as i will evaluate all the Cash Back Credit Cards listed in my CASH BACK 2018 Page and My FREE Credit Card Tutorial 2018 where I have reviewed each individually for your benefit. Therefore the cards selected for the showdown are:

  1. Maybank 2 Cards Gold/Platinum Review
  2. Public Bank Quantum Cards – MasterCard and Visa Review
  3. AMEX Gold Cash Back Credit Card Review 2018
  4. Maybank FC Barcelona Visa Signature Review 2018
  5. Maybank Petronas Gold and Platinum Visa Review 2018
  6. Maybank Ikhwan MasterCard Review 2018
  7. CIMB Bank Cash Rebate Platinum Review 2018
  8. Public Bank Visa Signature Review 2018
  9. AEON Big Cash Back Visa Review 2018
  10. Hong Leong Bank Essential Cash Back Credit Card Review 2018
  11. Hong Leong Bank Fortune Cash Back Visa Review 2018
  12. Standard Chartered Bank Just One Platinum Cash Back Credit Card Review 2018
  13. Standard Chartered Bank Gold Cash Back MasterCard Review 2018
  14. Hong Leong Bank Wise Cash Back Visa Review 2018

However, I am open to suggestions if you would like me to consider other cash back credit cards to be included in the Mini Showdown.

Methodology To Determine The Best Cash Back Credit Card in Malaysia

I will adopt the following criteria for evaluation and assigned STARS for each individual cards ‘ standard feature:

Annual Fee 

If a card is FREE FOR LIFE without any conditions, it will earn itself 3 STARS.

However, if the annual fee is only waived if one swipes 12X, it will only earn 2 STARS.

And if a card annual fee is waived with less than RM12,000 spending a year (RM1000 per month), it will earn 1 STAR.  No STAR will be awarded any credit card that requires one to spend more than RM12K per year for auto annual fee waiver.

CASH BACK Percentage and Monthly Cap

i) General Transactions

If a card guarantees UNLIMITED EFFECTIVE 1% – 1.99% cash back with no minimum spending, it will earn itself 2 STARS. However, if there is a monthly cap, it will only receive 1 STAR.

If a card guarantees EFFECTIVE 2% – 4.99% cash back for general transactions  on a particular day with monthly quota, it will earn 1 STAR. However, if a card guarantees EFFECTIVE 5% – 9.99% cash back every day of the week with monthly quota, it will earn 2 STARS.

ii) Cash Back for Petrol

If a card guarantees you EFFECTIVE 2% to 4.99% cash back for Petrol, it will earn 1 STAR. On the other hand, if a card guarantees you EFFECTIVE 5% – 9.99% cash back for Petrol, it will be awarded 2 STARS.

iii) Cash Back for Groceries

If a card guarantees you EFFECTIVE 2% to 4.99% cash back for Groceries, it will earn 1 STAR. On the other hand, if a card guarantees you EFFECTIVE 5% – 9.99% cash back for Groceries, it will be awarded 2 STARS.

iv) Cash Back for Dininig

If a card guarantees you EFFECTIVE 2% to 4.99% cash back for Dining, it will earn 1 STAR. On the other hand, if a card guarantees you EFFECTIVE 5% – 9.99% cash back for Dining, it will be awarded 2 STARS.

v) Cash Back for Insurance

If a card guarantees you EFFECTIVE 2% to 4.99% cash back for Insurance, it will earn 1 STAR. On the other hand, if a card guarantees you EFFECTIVE 5% – 9.99% cash back for Insurance, it will be awarded 2 STARS.

vi) Cash Back for Government Related Transactions

If a card guarantees you EFFECTIVE 2% to 4.99% cash back for Government Related Transactions, it will earn 1 STAR. On the other hand, if a card guarantees you  EFFECTIVE 5% – 9.99% cash back for Government Related Transactions, it will be awarded 2 STARS.

Vii) Cash Back for Online Transactions

If a card guarantees you EFFECTIVE 2% to 4.99% cash back for Online Transactions, it will earn 1 STAR. On the other hand, if a card guarantees you EFFECTIVE 5% – 9.99% cash back for Online Transactions, it will be awarded 2 STARS.

FREE Airport Lounge Access

You know lah my motto – FREE IS THE BEST!

So, if a card grants you minimum 5X FREE access to Plaza Premium Lounges (it’s worth a few hundred Ringgit) including KLIA2, it will earn 2 STARS.

Airmiles

I have yet to decide if I want to include this category. Having said this, the Maybank 2 Cards Gold/Platinum AMEX is pretty good for accumulating Airmiles beating the heck out of many of the Premier credit cards out there.

Promotions

If a card has worth while promotions (e.g. 12 months 0% Balance Transfer, 50% discount at Starwood Hotels) it will be awarded additional STAR(s).

Above is the methodology for my Cash Back Credit Card Mini Showdown 2018. Kindly comment at the appropriate post at my Facebook Page if you have any suggestions, e.g. other categories to be considered or even a Debit Card.

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