I just published an article titled Credit Card Effective Cash Back Rate (click on the lnk below) where I compared Maybankard 2 Cards versus OCBC Titanium MasterCard versus Hong Leong Bank Wise Classic and Platinum Cash Back credit card.

Credit Cards' Maximum Effective Cash Back Rate

With annual fee of RM300 for the plat, really no point getting it unless you going to terminate it before the 1st year anniversary and switch to the classic. And with supp card annual fees too, your effective cash back rate is going to drop further.

If can't split the RM500 spending to 10 times (minimum RM50 per transaction), stupid to go get this card.

Edited, haha mentioned minimum RM40

This post has been edited by Gen-X: Jan 20 2014, 12:33 AM

victorywp, fantastic detective work

Bro, actually in my article The Best Cash Back Credit Card Combination 2014, I did "teach" others how to meet the requirements of the RM50 x 10 swipes.

To All:

In Example No.2, I mentioned about sacrificial lambs And I even went further to point out how a smoker like me can easily get 4 times X RM50 swipes and also get 10% for our fags The thing is, the HLB WISE card can also be very good for those spending around RM400 on the 2 selected categories where effectively can still get above 5% cash back. For those not spending RM1K/month, the important thing is the bottom line (i.e. >5% cash back) and not about reaching the RM100 monthly cap.

Yes. this card in indeed The Best Cash Back Card for up to RM1K spending, if one can meet the requirements. I even saluted HLB Credit Card Department in my article Hong LEong Bank Visa Infinite - First and Last Look, for introducing the Hong Leong Bank Wise Visa Cash Back credit card which earns the cardholder up to 10% cash back for petrol and dining (plus other categories), and thus helping the Rakyat cope with rising cost of living.

Bro, looks like you getting a CNY Ang Pow from HLB

Trick question...... 10% vs 5%, no brainer question

Well said, WISE card is for WISE people....

Since last year, too bad my local expenditure on petrol, dining and groceries has reduced substantially since my family are overseas most of the time. I'm accumulating Enrich Miles instead.