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Credit Cards Recommendation for Credit Cards V4, Please post according to Format stated

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aurora97
post Nov 18 2024, 09:40 AM

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QUOTE(ericling @ Nov 18 2024, 09:26 AM)
UOB YOLO (rebranded to EVOL) cashback is only applicable for spending starting from RM1000 right?
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I updated the write-up to include UOB EVOL.

1K below - no cashback
1K to 1,999.99 - 5% across the board with sustainable partners at 8% - CB capped at RM 30 for all categories except for ewallet capped at RM 15
2K above - 5% across the board with sustainable partners at 8% - CB capped at RM 50 for all categories except for ewallet capped at RM 15



UOB EVOL (formerly known as UOB YOLO)

Min annual income: RM 36K p.a.

Annual Fee: RM 90 (P) / RM 30 (s)

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aurora97
post Nov 18 2024, 11:19 AM

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QUOTE(LostAndFound @ Nov 15 2024, 10:49 PM)
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.
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Thank you for your feedback.

Yes, the write-up is assuming that the person max up the spend requirement and fulfills all the conditions to achieve the maximum potential cashback capability. No one is HNWI here, it is just the assumption drawn from what is provided by the Bank and based on the terms and conditions and other metrics, the assumption is generated. Besides, each card isn't an apple to apple comparison because there are so many variables and products out there and it would be good to constantly received feedback to improve on my write-up, in which it covers 15 types of Cashback cards Summary of Cashback Cards.

In any case, I will respond to your feedback and benchmark with the following parameters:
(a) UOB One Classic

UOB One Card

Min annual income: RM 24K p.a. (One Classic Card) / RM 60K p.a. (One Platinum Card)

Annual Fee: RM 120 (P) & RM 60 (One Classic Card) / RM 195 (P) & RM 100 (S) (One Platinum Card)
» Click to show Spoiler - click again to hide... «


(b) Min spend RM 500 and RM 1K
© key categories Petrol, dinning [additional grocery]
(d) cashback at least RM 70 p.m or 840 p.yr

My suggestion as follows:

(a) HL Wise card
Min spend requirement of RM 500. Much less exclusions compared to UOB One -Classic but downside is that annual fee (RM 98) and SST (RM 25) cannot be waived. Also, if you are carrying out overseas transaction, you get slapped with 1% fee. Forgot to mention, if transactions during weekday, the cashback is 1%, if done over a weekend, the cashback is 8%. However, the total cashback (assuming all transactions done on a weekend 8%) achievable is RM 60p.m and RM 720 p.yr (RM 597 nett after annual fee and SST). Technically the cashback is still higher than UOB One Card. However, if your min spend is below RM 500, you get penalized hard by HL Wise.

(b) MBB Barcelona
No min spend requirement. All purchases 1% cashback except for Gov bodies, utilities and e-wallet. Total cashback achievable is RM 50 p.m or RM 600 p.yr

© RHB Shell Visa (worthy mention)

Unless you pump at shell and spend at least or more than 1.5K (best is more than rm 2.5k), this card can be considered. As its category is quie wide to include grocery/online spend/ top-up using ewallet and utilities. The exclusions are also not too bad. Potential Cashback achievable is RM 100 p.m or RM 1.2K p.yr

This post has been edited by aurora97: Nov 18 2024, 11:23 AM
aurora97
post Nov 18 2024, 11:36 AM

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QUOTE(LostAndFound @ Nov 18 2024, 11:26 AM)
'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).
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Be that as it may, even if you consider the return-on-investment, it doesn't consider the exclusions or the spending pattern of the user. A cashback card may give you a high ROI but the fact is you must spend 2K and only pump shell petrol. These variables will skewer any attempt to factor in ROI.

The intent of max potential cashback is that you consider the baseline first, at least get all your cashback from all the relevant categories than only you consider the unlimited cashback, if even the baseline you cannot satisfy, it defeats the purpose as the categories of spend gives the most cashback. If however too much of your spending falls under the unlimited cashback category than your cashback card becomes ineffective. As you are merely getting 0.2%. That also assuming there is no Annual Fee and SST, which will degrade your ROI further.
aurora97
post Aug 7 2025, 10:52 AM

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QUOTE(richtrons @ Jul 29 2025, 04:54 PM)
1. Annual Income: RM100K above

2. Free Lifetime Annual Fee: preferably or easy to waive annual fee

3. Card required for: upcoming house renovation so will have large spending and want to earn points

4. Existing credit cards (if any):
Alliance Visa Infinite
Am bank Enrich Platinum
Maybank Visa Infinite
HSBC Travel one (planned to cancel when free AF ends next year unless waived)
UOB World Card (planned to cancel when free AF ends next year unless waived)

5. Interested in CC from: looking for best card to collect points and change miles as renovation of large amount(100k++) can collect a lot points. so any better options card than above?
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I think it is a good idea for you to drop HSBC and UOB:

HSBC Travel One - poor MPR especially local spend, sketchy PPL coverage.
UOB World - af waiver only if you hit RM 50K retail spend, poor MPR, i know there is the 125,000 UNIRM bonus points but you really need to follow a set of spend pattern (example e-wallet, grocery, local / overseas spend) too much hassle, PPL coverage only Malaysia.

In terms of PPL, your Alliance, Ambank and Maybank cards should cover you quite comfortably, if you are not a frequent flyer or fly to specific continent (like China, than you may want to consider cards example UOB Visa Infinite, has a lot of coverage in China).

Your next question is, what type of flyer miles program you want to focus on AirAsia, Qatar, British Airways, Cathay, Batik, SIA or MAS? Answer may vary according to flyer miles program.

Example:
(a) If you choose Enrich, then I would suggest HLB Visa Infinite:
Dining gives you RM 1 to 1 enrich point
Travel & Retail Shoopping RM 4 to 1 enrich point
Ohter spend RM 6 to 1 enrich point.

Please be mindful, if you renovation is paid via FPX/Jompay or subject to easy payment plan, likely you won't get any points. See this---> *Eligible Transactions (both local and international) EXCLUDE all Government/JomPay/ FPX transactions, QR Pay transactions via HLB Connect App, Cash Advances, Quasi Cash (betting and gaming related transactions), Quick Cash, Flexi Payment Plan, Auto Balance Conversion (ABC), Balance Transfers and any fees, and charges.

(b) If you choose SIA, then I would suggest MBB KrisFlyer (Annual Fee Waived for 1st year only)
7,000 bonus KrisFlyer miles on first card spend
*Applicable to only new first-time applicants of the Singapore Airlines KrisFlyer American Express® Credit Card
1 KrisFlyer mile for every RM 2.5 spent locally
1 KrisFlyer mile for every RM2 spent on online and overseas transactions
1 KrisFlyer mile for every RM1 spent on Singapore Airlines, Scoot & KrisShop website






aurora97
post Aug 25 2025, 07:25 PM

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QUOTE(adele123 @ Aug 20 2025, 12:47 PM)
1. Annual Income: RM150k and above

2. Free Lifetime Annual Fee: A Must. Ease of service rax rebate is definitely a plus.

3. Card required for: Lounge access. Mostly local is fine (penang,johor) but overseas lounge is fun. Want a minimum hassle lounge access card for the rare 1 or 2 times i travel for work. I am ok to apply 1 card and cancel 1 year later also.

4. Existing credit cards (if any): UOB ONE, mbb 2 amex

5. Interested in CC from: HLB VI, MBB WME. Ambank card?

6. Others: why MBB MWE just for some MWE perks. Recently cancelled hsbc vs.
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Since you didnt mention you collect flyer miles, I assume they aren't important.

HLB VI is a good start - lounge covered Malaysia and Singapore upto 4x complimentary PPL. No annual fee. No min spend BS. Can keep in drawer.

The alternative is Bank Muamalat's Visa Inifite-i - AF waived for life, x2 PPL domestic (additional perk access into Plaza Premium First) and x1 PPL overseas, x2 Travel club lounge per calendar year.

The tricky bit is the overseas lounge. They either have some spend criteria or some make you jump hoops.

Aeon Big Visa Gold - AF (free with min 12 transactions per year, otherwise is RM 95), x3 per calendar year Lounge mainly Asia (Malaysia, Sg, Jpn, China, Taiwan, Indonesia, Thailand) with min RM 500 single or cumulative transactions within 30 days before and or after PPL entry date.

CIMB Travel Platinum - no annual fee, x4 Aiport lounge access (global) but the entry criteria are mind-boggling. (Cardholders will receive 1X lounge access per quarter with minimum quarterly spend of RM3,000.)

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