Best credit card to top-up E-Wallet in Malaysia for end of year 2020

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 As Covid-19 pandemic hit worldwide and making everyone try to reduce contact while doing purchase at store. Contactless credit card and e-wallet has been practicing widely common in Malaysia these days.

But why use e-wallet instead of credit card itself?

Because every e-wallets is running their own promotion where use will get some form of benefit if keep using it. Example Boost wallet collecting coins where you can redeem vouchers. Touch n Go wallet also giving cash voucher if you use on their promotion time.

Imagine on top of the benefits from the every e-wallet, you can get extra cashback if you top-up our e-wallet with cashback credit card. Isn't it consider better deal to use e-wallet which is more widely accepted compare credit card in retail stores?

Below are some of the best cashback credit card which I personally feel best to use it to top-up the e-wallets and we still can enjoy the cashback on every top-up.

Public Bank Visa Signature Visa Card

Benefit: 6% cashback on every online transaction with capped at RM38 every month

Annual Fee: RM388/year, waive if spend minimum 12 transaction per year

Minimum annual income: RM80,000

Public Bank Quantum Mastercard

Benefit: 5% cashback on every online transactions, capped at RM30 every month

Annual Fee: Lifetime fee waiver

Minimum annual income: RM36,000

Alliance Bank You:nique Rebates Mastercard

Benefit: Average 1.4% cashback on every transaction if able to spend up to RM3000 per month. Cashback capped at RM42 for the RM3000 spent. There is also 0.3% cashback for spending above RM3000.

TierRatesRange (RM)
10%0 – 1,000
21.20%1,001 – 2,000
33.00%2,001 – 3,000
40.30%>3,000

Annual Fee: RM148/year. First year waived, thereafter waived with a minimum spend of RM5,000 or swipe your card 12 times within a 12-month period.

Minimum annual income: RM24,000

Standard Chartered JustOne Platinum Mastercard

Benefit: Average 1.2% cashback on e-wallet top-up. Maximum cashback on e-wallet top-up is RM30/month if total credit card spending more than RM2500/month. This card still have other cashback benefit such as cashback on Auto Bill Payments and Petrol spending.

Annual Fee: RM250/year

Minimum annual income: RM36,000

Standard Chartered Smart Credit Card

Benefit: 30% cashback  on e-wallet, Maximum RM15/month. Currently this cashback is under newly launch promotion and this promotion is only valid till April 2021. 

Annual Fee: RM120/year, waived if spend RM12,000 per annum

Minimum annual income: RM36,000

A kind advice: If you cannot afford to make full payment for the credit card statement  every month, you are not advisable to use credit card. As you will become a bank slavery where you are working your life to pay the high interest charged on you credit card usage.


Last, all the above credit cards I quoted is just based on my personal opinion. These credit card information is from the respective bank website. If you think there are better cashback credit card which I had missed, feel free to tell me via comment below, so I could add in to let more people know.

Location: Malaysia

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