CIMB Cash Rebate Mastercard, UOB One, HLB Essential, RHB Smart Value.

1. Annual Income: 60k only

2. Free Lifetime Annual Fee: Either free for life or could be waived automatically thru swipes

3. Card required for: insurance payment

4. Existing credit cards if any: ocbc titanium blue card, maybank ikhwan petronas card, citibank cashback

5. Looking at CC from: -
*

thank you!

HLB Essential, Alliance You:nique or SCB JustOne Plat.

1. Annual Income: RM75k

2. Free Lifetime Annual Fee: MUST

3. Card required for: List all your needs
PTPTN - 100
SESCO - 100-200
Groceries and shopping - 500
Petrol - 300

Priority on cashback, rewards, points exchangeable to other points like Bonuslink and Enrich.

4. Existing credit cards if any: Ambank Carz Platinum

5. Looking at CC from: Any
If possible have wide array of EPP for phones, furnitures etc.

Info for credit card newbies:

1. Minimum income requirement to qualify for a credit card is RM24,000 per annum (effective from 18th March 2011). You must be able to submit proof of your income.

2. Minimum age to qualify for a Principal credit card : 21 years old. Supplementary cardholders: at least 18 years old.

If you do not/cannot  meet the above requirements, then you are not qualified for a credit card. You still can go get a debit card and enjoy the convenient similar to a credit card.

3. If you are a foreigner or your income is from overseas (e.g. you work in Singapore), please refer directly with the bank if you are eligible for their credit cards

4. There is no such thing as the best credit card, it depends on your needs and each card has its own benefits.

5. For those earning less than RM36K, your credit limit should be 2X your monthly income in accordance to BNM guidelines. For those earning more than RM36K, the credit limit assigned to you is entirely up to the bank. With BNM latest guidelines, banks are no longer allowed to increase a cardholder's credit limit without his/her consent.

When choosing a credit card, below are things to consider

1. Free Lifetime Annual Fee - if the card does not come with automatic annual fee waiver, e.g. 12 swipes per year, then you have to waste time requesting for annual fee waiver yearly.

2. What is the main purpose of you getting a credit card? - Petrol, Cash Back/Rebate Only, Overseas Transactions, Golf, Installment Plans, Airport Lounge etc. Do some homework and you shall benefit from using the right credit card.

3. Convenience in making payment. You are to make payment before the Due Date or else you may be imposed Late Penalty Fee and Interest Charges.
For Recommendation - please post according to format in Post#2 below.
Actions required after you get your first credit card.

1. Read the Terms and Conditions of your credit card.

2. CLICK HERE and read this thread so that you won't be conned.

3. Call Customer Service (number behind your card) and request that your credit card sms alert default value to be set to RM1. Click here to the relevant thread.

4. Click here to read my article Credit Card Fraud Calls and Banks Default Value for SMS Alert in order to reinforce into your head so that you won't be conned.
Gen-X's recommendation for those new to credit cards and looking for cards to replace the once upon a time wonderful Maybankard 2 Cards AMEX:
Annual Income RM24K/year to RM30K/year.
UOB One Card:

Pros - good for Petrol as it earns you 2% and 5% cash back for all stations on weekdays and weekends respectively. However the cash back is capped at RM15/month, i.e. up to RM300 petrol. And if you pump at BHP, you get to earn SMART$ too PLUS BHP points.

Cons - No auto annual fee waiver (currently as of July 2015, first two years annual fee waiver). UOB revises the T&C of their credit cards very frequent.
CIMB Cash Rebate MasterCard:

Pros - FREE FOR LIFE, no whatsoever conditions. 5% cash back for Online Spending and 2% cash back for Petrol, Groceries and Utilities.

Cons - 0.2% cash back for other type of spending.
AEON Watami Visa:

Pros - 3% quarterly cash rebate on total retail transactions outside WATAMI with an accumulated spending of RM3,000 per quarter. Rebate is capped at RM150 per quarter. Annual fee waived with 12 swipes.

Cons - Petrol transactions are not eligible for the 3% cash back.

Click here to read my review of the AEON Watami Visa Credit Card.
Hong Leong Bank WISE Gold Visa:

Hong Leong Bank Wise Platinum Visa:

Pros -  It earns you up to 10% cash back for Petrol, Groceries, Utilities and other categories.

Cons - The 10% cash back is only limited to 2 categories PLUS you must swipe a least 10 times where each swipe shall not be less than RM50. NO annual fee waiver.
Hong Leong Bank Essential Visa:

Pros - UNLIMITED 1% cash back. Annual fee auto waived with just 12 swipes.

Cons (contributed by zcs) - Petrol is not applicable for the 1% unlimited cashback. Besides that, minimum retail transaction of for this card in a month is RM100 in order to qualify for the cashback.
Minimum Annual Income RM30K/year.

Maybank Islamic MasterCard Ikhwan - for those who need a cash back credit card for Petrol and Groceries:

Pros - FREE FOR LIFE, no conditions whatsoever. You will earn 5% cash back for Petrol and Groceries every Friday and Saturday.

Cons - Supplementary cards are not entitled to the 5% cash back for Petrol and Groceries.

Click here to read my review of the Maybank Islamic MasterCard Ikhwan Gold and Platinum.
Maybankard 2 Cards -This is a combo package where you are issued an American Express and you can decide to partner it with either a Visa or MasterCard:

Pros - FREE FOR LIFE, no conditions whatsoever. The MBB 2 AMEX earns you 5X Treats Points everyday for any transactions which is like approximately 1.25% cash back when redeeming for cash vouchers. You will get additional 5% cash back for Dining only (effective 1st August 2015) with the MBB 2 AMEX on Saturdays and Sundays.

Cons - The MBB 2 Visa or MasterCard only earns you 1X Treats Points.
Minimum Annual Income RM60K/year.

Hong Leong Bank Wise Platinum Visa:

Pros -  It earns you up to 10% cash back for Petrol, Groceries, Utilities and other categories.

Cons - The 10% cash back is only limited to 2 categories PLUS you must swipe a least 10 times where each swipe shall not be less than RM50. NO annual fee waiver.
Premier Credit Cards - Annual Income RM100K/year and above.

If you are looking for a card that gives you 5% cash back for Petrol and Groceries PLUS FREE 5X entries to Plaza Premium Lounges nationwide without any conditions, click here to read my review of the Maybank Visa Signature.

If you want 6% cash back for Dining, Groceries and Online Transactions, click here to read my review of the Public Bank Visa Signature. The annual fee is auto waived with just 12 swipes! It will soon also gives you 3X FREE entries to Plaza Premium Lounges nationwide without any conditions.

Above recommendations were extracted from my post at my man blog, for more info on other credit or debit cards that may be of use to you, please click here to my Recommendation of Credit Cards at my main blog.

If you are looking for Premier Credit Cards with good Enrich Miles and Krisflyer redemption - click here to Enrich Miles Thread and click here to my Comprehensive Review of The Best Credit Cards for Redeeming Frequent Flyer Miles where I have a summary comparing more than 20 credit cards.

If you are looking for a credit card for free access to KLIA & KLIA2 Plaza Premium airport lounge and airport lounges worldwide click here to that thread.

If you are looking for 0% Balance Transfer, click here to BT Thread. And if you are new to Balance Transfer, please click here to read my article Balance Transfer Plans - Facts You Need To Know before signing up for one.

If you are looking for cards that offers 0% installment plans, Maybank credit cards are accepted at many merchants where you can opt for Ezy Pay starting from 6 months and up to 36 months. However, once again, if you don't have savings please do not sign up for 0% Installment Plans because you will be in debt. And I advise you to go for shorter period. Click here to read my article 0% Installment Plans - It IS A Trap.

If you only pump petrol at Petronas, go to CIMB and Maybank websites and check out their Petronas credit cards.

Last but not least - the only thing that is of importance regarding credit cards is - DO NOT do apply for a credit card if you have no cash or savings to pay for your transactions. Credit card interest rate is very high and many go bankrupt because they have no discipline in controlling their spending. Always settle credit card bills in full monthly, never say just once, if you don't have money today in the bank to pay your credit card bills, what makes you think you will have enough money tomorrow to pay your credit card bills? DON"T be a slave to the banks.


Click here to test drive my Maybank 3 Cards GTR. FREE FOR LIFE AMEX + Visa + MasterCard

1. Annual Income: RM60k

2. Free Lifetime Annual Fee: Yes

3. Card required for: List all your needs
Cashback. Ave. spend -
500 Petrol
500 Insurance
500 Dining
500 Bars / Clubs

4. Existing credit cards if any: HSBC Amanah Platinum

5. Looking at CC from: Any
Hassle free monthly cashback

1. Annual Income: RM60K to RM100K

2. Free Lifetime Annual Fee: No

3. Card required for: Petrol, Cash Back/Rebate Only, groceries, bill

4. Existing credit cards if any:  Nil.

5. Looking at CC from: anywhere.

6. Others:

1. Annual Income: 30k
2. Free Lifetime Annual Fee: Yes
3. Card required for: Insurance,PTPTN,Online
Transaction,Shopping,Bills
4. Existing credit cards if any: PBB Visa Gold
5. Looking at CC from: MBB 2C/CIMB/HLB
6. Others:

Is cash back or reward points better?

Thank you

Looking for re-organize my credit card and remove unnecessary card.

1. Annual Income: 120k-150k

2. Free Lifetime Annual Fee: It will be great if can auto waive after certain spending/swap.

3. Card required for: Online shopping (Lazada, 11street etc)-Rm200-500/month, auto-billing-Rm500+/month, grocery-Rm200-400/month, travelling, petrol

4. Existing credit cards if any: Citibank Rewards Visa Signature, HSBC Visa Platinum, CIMB Enrich Platinum & CIMB Petronas Platinum

5. Looking at CC from:

6. Others: Used to spend 50k+ annually at oversea for both Citibank & HSBC but now doing project locally, so not much spending and didn't use PPL this year at all. No time to lepak at PPL if travel domestic flight.

CIMB Cash Rebate Plat. Mastercard or UOB Yolo

Hi just wondering how will my income be calculated? Is it 1SGD:1MYR in the bank's perspective?

1. Annual Income: RM30K to RM36K

2. Free Lifetime Annual Fee: Must

3. Card required for: Petrol, Cash Back, AirMiles

4. Existing credit cards if any: nil

5. Looking at CC from: Maybank

6. Others: I've applied for the Maybank Ikhwan MasterCard Gold online but was unsuccessful, went to the branch they said at least my basic salary must be rm3k (currently 2700). But I've met the requirements for that card and they advised me to wait another 3months to apply again. Now maybe want to opt for another card mainly for petrol cashback, any suggestions? Thanks in advance.

1. Annual Income: RM30K to RM36K

2. Free Lifetime Annual Fee: Must

3. Card required for: Petrol, Cash Back, AirMiles

4. Existing credit cards if any: nil

5. Looking at CC from: Maybank

6. Others: I've applied for the Maybank Ikhwan MasterCard Gold online but was unsuccessful, went to the branch they said at least my basic salary must be rm3k (currently 2700). But I've met the requirements for that card and they advised me to wait another 3months to apply again. Now maybe want to opt for another card mainly for petrol cashback, any suggestions? Thanks in advance.