Yes there are other entry level cash back credit cards but they will earn you less since Petrol is your major expenses.

For example, Mach by Hong Leong Bank is an entry level card where minimum income required is RM24K/month. But for petrol it only earns you 0.2%. However if you opt for the Dining option from the start, you can earn 5% cash back but you only spend RM100 for it. Anyway, in my MACH article I have a comparison table, use it as a guide to see how much you can earn with the UOB One Card versus Mach.

Also click here to my article Entry Level Credit Card - Income Less Than RM30K per year to see other cards you are eligible for.

Or maybe, go apply for Standard Chartered Bank Business Gold credit card where for a limited time it earns you 5% cash back for petrol. And best fo all, it gives you cash back (appy online for more). And when the petrol promo expires, you apply for the UOB One Card and then later when you earn more, go apply for OCBC Titanium. The SCB annual fee is waived for 2 years if you had read previous post just before your earlier post.

This post has been edited by Gen-X: Oct 4 2012, 12:08 AM

1. Annual Income: RM30K to RM36K

2. Free Lifetime Annual Fee: A Must

3. Card required for: F&B, Groceries, Petrol, Cash Back/Rebate Only, Overseas Transactions

4. Existing credit cards if any: NIL

5. Preferred Bank or Considering CC from banks: Nothing specific

6. Others: Cash back preferred. Will also be used for online shopping or paypal perhaps.

7. Fixed expenses per month with the card: RM300 Petrol, RM300 Insurance, RM400 Food & Beverages

8. Non-fixed expenses but recurring in RM: Online shopping (Local & Internationally)

If your income is near RM36K/yr, go and try apply for the OCBC Titanium MasterCard where you can earn 5% cash back for your Petrol and Dining everyday. For the insurance you earn 1% cash back.

However, if your income is in the lower RM30K/yr range, apply for Maybankard 2 Cards where the AMEX earns you 5X Treats Points PLUS 5% cash back on Saturdays and Sundays for all transactions including petrol. In other words, you can earn more from Maybankard 2 AMEX compared to OCBC Titnium MasterCard. So it is extremely important to know if the petrol station(s) and places you dine accept AMEX. The Maybankard 2 Cards also comes with either a Visa or MasterCard which is good for overseas transactions since MBB cards have the lowest conversion fee.

Other options are UOB One Card which earns you 5% for petrol for for general transactions it only earns you 0.3% cash back.

Anyway, click here to my article The Best Credit Cards for Petrol 2012 and from there I have links to my reviews on the Maybankard 2 Cards and OCBC Titanium MasterCard.

This post has been edited by Gen-X: Oct 9 2012, 10:13 AM

1. Annual Income: Rm48k

2. Free Lifetime Annual Fee: MUST

3. Card required for: Petrol and daily needs. Occasional installment plans for houseware. And also Touch n Go.

4. Existing credit cards if any: Nil

5. Preferred Bank or Considering CC from banks: Not considering anything.

6. Others: Cash back preferred, pay with M2U online transfer from savings.

7. Fixed expenses per month with the card: Insurance rm200 (2 person), petrol (rm300), TnG (rm150), houseware installment

8. Non-fixed expenses but recurring in RM: nil

Have no experience with credit card yet >.< not looking to spend on anything else except houseware installment, petrol and TnG. seldom buy online.

TQ!

What is houseware? I think for your case OCBC Titanium MasterCard is good for you because it earns you 5% cash back for Petrol, TNB, Telekom, Astro, Syabas Bills and Dining & Groceries too. However, if these amount add up to RM1K, you will need another card as the monthly cash back is capped at RM50.

So the next card to consider is Maybankard 2 Cards where the AMEX earns you 5X Treat Points and 5% cash back on weekends.

If you household expenses add up to more than RM1K, you should get both OCBC TMC and MBB 2 Cards and with proper planning you can earn back more than RM600 a year.

This post has been edited by Gen-X: Oct 9 2012, 10:20 AM

houseware is like buying a unit of aircond and pay it in 6 months etc. not buying yet but plan to use the credit card for that purpose.

with regard to MBB 2 cards, when i signed up for it, i will receive 2 cards? so confusing haha and why do i need the 2 cards offered by the MBB 2 cards?

Yes, the MBB2 card is something like a package. You get 2 cards, Amex + Visa or Amex + Mastercard. Only need to pay RM50 GST once (annually) for this package. Find out more from the Maybank 2 cards thread.

This post has been edited by Human Nature: Oct 9 2012, 01:33 PM

thank you for the details

If you are looking at installment plans, i.e. 6, 12 and 24 months equal repayments, Maybank credit cards are accepted at many merchant for these kind of plans.

Most of us who has the Maybankard 2 Cards and OCBC Titanium and other credit cards keep the Visa or MasterCard in the drawer. The Maybankard 2 Cards is great, as Human Nature mentioned, pay only a single GST for two credit cards. The AMEX earns you 5X TP and 5% cash back and the Visa or MasterCard is good for the installment plans, overseas usage and where AMEX card is not welcomed.

Wow, an amazing thread. And I only just come across it!

What would you recommend for the following?


1. Annual Income: Qualify for platinum cards

2. Free Lifetime Annual Fee: Just conditional annual fee waiver is fine (spend 3x, etc)

3. Card required for: Cash back, LCCT airport lounge.

4. Existing credit cards if any: Alliance Gold Cash Back, Citibank Plat, Citibank Cash Back Plat, RHB Plat, SC Business Plat > want to cancel to 2-3 cards only

5. Preferred Bank or Considering CC from banks: Don't know.

6. Others: Best bang for the buck in terms of cash back/rewards. Rewards in terms of cash vouchers at Jusco, Metrojaya etc.

7. Fixed expenses per month with the card: RM300 petrol; dining RM1000; groceries RM500; Maint fee, TNB, phone auto-debit: RM400, Misc RM1000

8. Non-fixed expenses but recurring in RM: Air tickets RM2000 every months, overseas spending RM2000 every few months

Sigh, really can't decide on either Maybank 2 Cards or UOB Classic ONE Card...

Maybank's points provide atleast 0.5%, but redemption from points worth it?
UOB offer flexibility anytime I wanna spend and no need to worry whether they accept AMEX, but 0.3% is so low...

thanks in advance for advices...

Not considering the discount you can get from your current credit cards at selected merchants, if purely for cash back, you can consider cancelling all of them, hahaha

From your expenses

RM300 petrol; dining RM1000; groceries RM500; Maint fee, TNB, phone auto-debit: RM400 TOTAL RM2,200 go get both the OCBC Titanium MasterCard and Maybankard 2 Cards.

upgrade your Alliance Gold to Plat and earn more cash back at places that do not accept AMEX like Insurance.

Actually, those are the only three cards you really need as far as cash back and rewards are concerned. And to prove my point, read my following articles:

OCBC Titanium MasterCard

Maybankard 2 Cards

FREE Money from Maybankard and Bonus Link

And for comparison:

See the table comparing Citibank Cash Back Platinum versus Maybankard 2 AMEX and OCBC Titanium MasterCard

Click here to see RHB Credit Card versus Maybankard 2 AMEX

Click here to see Standard Chartered Bank Business versus Maybankard 2 AMEX.

Click here to read my article Earn Pocket Money with Credit Cards.

If the above articles (and links to more of my articles) should give you an idea how you can earn more RM1,200 with the Maybankard 2 AMEX and OCBC Titanium MasterCard

Having said that, both the OCBC TMC and MBB 2 Cards do not grant you free access to KLIA Plaza Premium Lounge like you Citibank Plat and SCB Plat. As for your current credit cards, if you are getting rewarded for using them at selected merchants, keep them if you earn more than RM50/year (at least can cover GST), e.g. Citibank at Coffee Bean and TGV Movie Tickets and RHB Plat at Selected Restaurants & FREE vouchers on Friday.

Gen-X... Thanks. You are totally very conversant in Malaysian credit cards. Very impressive. The title "King of Credit Cards" is slightly cheesy, but it comes to mind

I'll look into the cards you recommended, and do some calculations on how much cash back from the merchants.



Thanks!!

Guru,

Any comment on HSBC platinum card ? what is good and bad ?

Thanks in advance !

can find more comments here: http://forum.lowyat.net/topic/1833032

Thanks for pointing out

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Added on October 14, 2012, 12:43 am

Need advice from following, thanks a lot !!

1. Annual Income: RM100k

2. Free Lifetime Annual Fee: A Must

3. Card required for: F&B, Groceries, Petrol, Cash Back/Rebate Only, Overseas Transactions

4. Existing credit cards if any: HSBC classic card

5. Preferred Bank or Considering CC from banks: Nothing specific

6. Others: Cash back preferred. Will also be used for online shopping or paypal perhaps.

7. Fixed expenses per month with the card: RM300-RM400 Petrol, RM700 Insurance, RM500-RM1k Food & Beverages

8. Non-fixed expenses but recurring in RM: Online shopping (Local & Internationally)

9. Might need a supplement card for my wife as well, prefer to annual fees waived if possible

This post has been edited by alvincks: Oct 14 2012, 12:45 AM

Get the following combo:
- Maybank 2 cards AMEX gives you 5% cashback for weekend (cap RM50 monthly) + 5x points everday. Annual fee waiver. The visa/mastercard gives one of the best foreign transaction rate. If your wife qualifies, get her to sign up as another principal instead.
- OCBC Ti mastercard gives 5% cashback everyday (cap RM50) for dining, groceries, utilities and petrols. 1% for others. Annual fee waiver with 12x swipe.

If you dont get specific benefit from the HSBC classic, can consider to terminate it already.

This post has been edited by Human Nature: Oct 14 2012, 12:56 AM

Hi HumanNature,

what is "cap" means ?

Btw, I can request Maybank to provide me just a single card instead of 2 cards ? I do want hold so many card

it means the ceiling, maximum amount of cashback.
you cant, it comes in a 2 cards package but you only need to pay GST once. most of us here usually just keep the visa or mastercard in the drawer

Thanks, but in case burglary happen, they will help to swap ....i got a friend who been swap it for more than 10k ...

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Added on October 15, 2012, 12:20 amOCBC card for Master only ? Visa have better acceptance from most of the shop, correct me if i wrong ...

OCBC better or Maybank ?

This post has been edited by alvincks: Oct 15 2012, 12:20 AM