Must be credit card? Why not just use Wise's debit card? They are focused on foreign exchange rate after all. I think stan chart had a debit card for that purpose as well. No CC in Malaysia (that I know of) focuses on good exchange rate, because they always add on a charge to every transaction.

Get multiple cards then. Very few cards have higher than that in cashback.

Try HLB Wise for weekend dining 8% cashback (minimum RM500 per month). Or PBB Visa Signature with 3% as long as your bill is at least RM100 (no minimum monthly).

For both your current UOB One and the possible HLB Wise, make sure you also reload an ewallet (grab probably the most easy to use for this) for the max online/ewallet cashback, most food places you can pay from ewallet also. This will allow you to earn cashback on two categories for one actual category of spend (dining). Then pay petrol with those cards as well, and the only category you're not maxing is groceries.

PBB Visa Signature for the TNB bill (3%), UOB One (can consider either platinum or classic) for petrol+grocery+grab reload + online. The classic is most 'worth', RM500 spend to get RM40 cashback, but if your spending higher can do the platinum instead.

Your conclusion is very specific to your spending patterns, income, and lifestyle. And I disagree with it for those who have different spending patterns and income/lifestyle. You focus too much on absolute max amount of cashback you can earn, which makes sense only if your spending is essentially infinite.

UOB One (esp classic) is a champion card for those who have a tight lid on monthly expenses (i.e. find it hard to meet 3k min monthly spend for Alliance Bank Visa Sig to hit optimal cashback). Or those who can hit that amount but prefer to have multiple cards and because of that have trouble hitting certain targeted monthly spend. I generally recommend this for first timer. Because most wage earner even just starting out will easily hit at least 2 category (petrol/dining) RM100 monthly. So just need to pump RM100 to grab (pay RM1 for that RM10 cashback currently), and get familiar with trying to hit the grocery (those with children won't have a problem with this, but singles who don't prep their own food maybe will struggle). Minimum spend only RM500 so much less daunting than the cards you mentioned. If can hit RM100 per category that's a nice 8% or so cashback on the RM500 spend.

UOB Yolo is also quite a champion card if you spend at least RM300 online (and can plan this ahead) monthly. Then top up RM700 to an ewallet (shopeepay is the easy to use one which doesn't have fee currently) and that's 3% cashback monthly on the RM1000 spend.

Combining both of those cards you spend RM1500 a month and get RM70 a month. Your top pick is most efficient at RM3k spend a month for a total cashback of RM55.45 (or something like that, I don't have this card yet but planning to apply it soon to replace stupid SCB cards). Of course if you spend more you get more but... the marginal gains are really low.

In fact Affin Duo+ cashback visa (RM30 cashback for RM1k spend if you want optimal rate or RM50 cashback for RM1666.66 spend plus 0% balance transfer to ensure monthly balance >3k) is another good card for this sort of 'maximize my cashback given limited spend' user.

And most importantly... if you're in that HNWI bracket who have very high spending (real or business related) then points-collecting cards (esp for airmiles) are much more worth it for you. Leave the cashback cards for the real targets, those of us wage earners who are counting ringgit and sen.

Yes. Nothing for RM999.99 spend. Which is why I said if you can spend RM300 online somewhere, 3 days before your statement date you calculate how much remaining to hit ngam-ngam RM1k and throw that amount into ShopeePay wallet or something similar. Effectively 3% cashback.

'Maximum potential cashback' is a useless metric. There's a reason why you should always use return-on-investment rather than just absolute returns. So my feedback is that a much more useful comparison is effective cashback rate rather than maximum potential cashback.

Because if you're going to use maximum potential cashback.... you're missing any card with infinite point earning potential which can convert points into vouchers/cash. As well as a lot of "0.2% unlimited cashback" cards (which is effectively the same thing).

RHB Shell Visa 12% and Stan Chart SimplyCash (but need to spend 2.5k a month).

Shell Visa 12% is better because it is in addition to their 'normal' RM50 cap cashback, so can earn up to RM100 a month. Stan Chart SimplyCash is cap at RM20 for petrol, the need another RM20 for online/ewallet and another RM20 for dining/groceries. Max you can get is RM60, with a stupid manual claim in batches of RM30 method.

That typo a bit scary. What's your line of work?

I have NEVER had a Bank Islam credit card but I've received SMS from Bank Islam roughly once every few months for some supposed spend.

Most who can redeem miles its because of their job having lots of flying. Or you redeem from far flights but claim for near flights (not claim the same flight you fly as in your example). And Maybank exchange rate for flights is horrible for a long while anyway.

'So little' is relative, my average cashback per month is much more, but you have to measure that against your spend. If your spend is roughly 3000 ringgit per month, 30-50 cashback is about right. You hardly get more value than that for miles (benefit of miles is generally for much higher spending and uncapped).

Anyone who is currently using Bank Islam Visa Platinum-i can confirm - does online include ewallet reload and/or SPayLater bill payment? Their TnC doesn't exclude ewallet and does not have a list of 'online MCC' which they accept. I understand from previous discussion that period is monthly (calendar) rather than statement.

Check out UOB One Platinum.