Best Cashback Credit Cards in Malaysia — October 2026
By money.com.my EditorialAnnual fee (not cashback or points rates) checked against the banks' own pages for 32 of 32 cards, last on 7 October 2026Top 30 from 184 products reviewed
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Cashback credit cards return a percentage of your spending as cash credited to your statement. The best ones offer high earn rates on everyday categories — groceries, petrol, dining, and online shopping — without demanding an unrealistic minimum spend. This list includes only genuine cashback cards from BNM-licensed banks — not points or miles cards — ranked by headline cashback rate. Always check the monthly cap and minimum-spend conditions before applying, as the highest advertised rate is not always the highest real return.
How cashback credit cards work and how to choose →New to cashback cards? Our guide explains caps, minimum spend, and category rules so you can pick the right one for your spending.Quick comparison
| # | Product | Key Rate | Annual Fee | Min Income | Best For | |
|---|---|---|---|---|---|---|
| 1 |  Standard Chartered Malaysia Standard Chartered Simply Cash Credit Card | 15% cashback | RM 250 | RM 8,000/mo | High earners (RM8,000+/month) wanting Standard Chartered's best cashback card at up to 15% on online and contactless spending | Details |
| 2 |  RHB Bank RHB Shell Visa Credit Card-i | 12% cashback | RM 195 | RM 2,000/mo | Muslim drivers who want halal petrol cashback at Shell stations under a Shariah-compliant card structure | Details |
| 3 | 12% cashback | Free | RM 10,000/mo | High-income Muslim drivers who fill up regularly at Petronas and want the highest Shariah-compliant petrol cashback available from CIMB | Details | |
| 4 |  UOB Malaysia UOB ONE Card | 10% cashback | RM 195 | RM 3,000/mo | High cashback across multiple everyday spend categories | Details |
| 5 | 10% cashback | Free | RM 2,000/mo | Broad cashback coverage with no annual fee | Details | |
| 6 | UOB Malaysia UOB EVOL Card | 10% cashback | RM 90 | RM 3,000/mo | Digital-first earners (RM3,000+/month) who spend heavily on streaming, food delivery, and ride-hailing apps and want up to 10% cashback | Details |
| 7 |  Affin Bank AFFIN BHPetrol MasterCard | 10% cashback | RM 150 | RM 2,000/mo | Drivers who fill up at BHPetrol and want up to 10% cashback on petrol spending with AFFIN | Details |
| 8 | 8% cashback | Free | RM 2,000/mo | Everyday Muslim commuters who refuel at Petronas and want strong Islamic petrol cashback without a high income requirement | Details | |
| 9 | 8% cashback | Free | RM 2,000/mo | Muslim cardholders who want an ESG-linked Islamic card with one of the highest cashback rates available from Maybank | Details | |
| 10 |  Bank Islam Bank Islam Visa Infinite Credit Card-i | 8% cashback | RM 777 | RM 8,333/mo | Muslim high earners (RM8,333+/month) who want Bank Islam's top Visa Infinite with up to 8% cashback on eligible categories | Details |
| 11 | 8% cashback | Free | RM 2,500/mo | Muslim commuters who refuel regularly at Petronas stations and want halal petrol cashback | Details | |
| 12 | 8% cashback | Free | RM 3,000/mo | Conscious spenders at the RM3,000+ income tier who want high cashback tied to an ESG-linked spending framework | Details | |
| 13 |  HSBC Malaysia HSBC Amanah MPower Platinum Credit Card-i | 8% cashback | RM 240 | RM 8,500/mo | High-income earners wanting a premium Shariah-compliant cashback card | Details |
| 14 | 8% cashback | Free | RM 3,333/mo | Muslim professionals who primarily spend at Amex-accepting merchants and want Shariah-compliant cashback | Details | |
| 15 | 8% cashback | Free | RM 5,000/mo | Higher-income Muslim drivers who fill up exclusively at Petronas and want a Shariah-compliant Platinum card | Details |
Annual fee: checked against the bank's own product page for all 30 products, on 7 Oct 2026. Fee waivers, minimum income, and cashback and points rates were not all confirmed, so check them on the bank's page. Rates and terms can change without notice; confirm with the bank before you apply.
Our top 10 picks
How we ranked these: cashback rate on eligible categories, monthly cashback cap, annual fee — from 184 products reviewed.
See all 30 cards in the full comparison table above, or browse the complete catalogue →Not ranked until our data is corrected
The bank's own page gives a different earn rate for these cards from the one in our data. Ranking them could misstate what you get, so they are listed here instead. Check the rate on the bank's page.
- RHB Shell Visa Credit Card (RHB Bank): the bank's page differs on the cashback categories and caps
- Hong Leong Wise Credit Card (Hong Leong Bank): the bank's page differs on the weekday dining rate and dining cap
Frequently asked questions
What is a good cashback rate for a Malaysian credit card?+
Most Malaysian cashback cards offer 0.2%–1% on general spend, rising to 5%–10% on specific categories such as petrol or groceries. Cards with flat-rate cashback are simpler to maximise; tiered cards pay more but require tracking eligible categories.
Do cashback credit cards in Malaysia have a monthly cap?+
Yes. Almost all Malaysian cashback cards cap monthly cashback — typically RM30–RM80 per month. Always check the cap before choosing, especially if you are a high spender.
What is the minimum income to get a credit card in Malaysia?+
Bank Negara Malaysia sets the minimum annual income for credit card eligibility at RM24,000 (RM2,000 per month). Some premium cards require RM60,000–RM120,000 per year.
Is cashback credited automatically?+
Usually yes — cashback is credited to your statement the following month. Check the card's terms for the crediting cycle and any minimum spend trigger required.
Is there an Islamic cashback credit card in Malaysia?+
Yes. Several Malaysian banks offer Shariah-compliant cashback cards, built on one of the two structures covered by Bank Negara Malaysia's Shariah Advisory Council: ujrah-based or tawarruq-based. These function identically to conventional cards for payments but are structured to comply with Islamic finance principles.
Annual fee: checked against the bank's own product page for all 32 products, on 7 Oct 2026. Fee waivers, minimum income, and cashback and points rates were not all confirmed, so check them on the bank's page. Rates and terms can change without notice; confirm with the bank before you apply.