Best credit card to top-up E-Wallet in Malaysia for end of year 2020
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
| Tier | Rates | Range (RM) |
| 1 | 0% | 0 – 1,000 |
| 2 | 1.20% | 1,001 – 2,000 |
| 3 | 3.00% | 2,001 – 3,000 |
| 4 | 0.30% | >3,000 |
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.
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