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This is one neat and clear breakdown for a credit card beginner like myself. This video helps me to explore and decide a lot of options out there. Thanks, Ziet!
I think Maybank 2 gold card (AMEX) for 5% weekend combined with public Bank quantum 2 cards (online spending and contactless spending 5%) is better. Plus it's free for life! Calculation also omitted SST
Those are pretty solid picks too, if one can't be bothered about getting more cashback (which I think is not the intended audience of this video in the first place xD), whichever works I guess!
Citibank commercial banking gonna be history in Malaysia soon. Citibank sold their commercial bank to UOB Bank, so in future UOB one card = Citibank Cashback card.
HSBC Amanah MPower Platinum RM240 primary card But got Waiver when you do 1x swipe once a month for 12 consecutive months, and meet annual spending of RM2,000. Mean the annual fee should be RM25 only and Nett Max Cashback per year should be RM549.50.
Ziet, for HSBC Amanah, the annual fee is free if you make 12 swipes each year. To me, it sounds like a better deal. The only hurdle is to spend 2,000 monthly. The idea is to just top up TnG to meet that amount haha but not sure if TnG will flag it as fraudulent transaction.
@@ZietInvests Hi for HSBC PLATINUM credit card, they stated annual fee will be waived if we do 12x swipe per year .. Annual spending is RM2000. So it doesn't mean that every month we must swipe RM2000 right? As long as end of the year we have swiped at least minimum of RM2000?. Correct me if I'm wrong . I want to apply for this card but confused now
There are some other cards out there with better cashback, which I personally use: PB Quantum for online and retail spending (no weekday and weekend restrictions) Maybank Ikhwan Mastercard and Visa for Petrol(8%) and groceries.
But the cap at RM 30/month cashback for PBB Quantum is a bit too low thou :X Ikhwan seems like the same as Maybank Amex, but you would lose out on the umrah benefit?
Thank you for the video Ziet, but I was thinking of applying Maybank or CIMB Bank credit card 😂🤣. Still a great informative video 👍. Just other thing related to personal finance, not sure you had done a video about the Buy Now Pay Later trend like Atome, Pace, Grab Paylater and other similar services. Would like to hear your thoughts about this trend. Thank you ☺️
I'm here to solely comment on 1 thing. Apart from the detailed explanation, I noticed u replied to each and every comments. Which is somewhat rare sight these days, I applause ur effort in engaging with ur audience. Therefore, new sub and keep up the good work! 👏🏼
Thanks for the video and explanation on summarizing the lists of CB cards and also suggestion. The issue with the cards, a lot of limit on certain categories. Citibank is good but it has 1 issue, have to ask for waiving the annual fee. They are very arrogant (like Maybank), they can say they don't want to give. Have to call few agents to find 1 of them who is willingly to waive the annual fee. Bloody headache. Right now, the cards are changing to Master card, hopefully no issue.
Yeah requesting for annual fee waiver is a hit or miss, not everyone will be approved, not sure whether its because they have been recently sold off to UOB? I personally just applied for the UOB ONE Platinum, the much higher credit limit would be useful to me
Wow Ziet....thats a great piece man... You did all the hard work for yr viewers. Very useful other than investing this knowledge area is much appreciated. Best wishes.
I’m using maybank visa signature with 5% cashback for groceries and petrol with rm88 cashback monthly cap. Currently experimenting another credit card to get maximum air miles / big points conversion for redeeming flight tickets!
Awesome, that is not bad at all! Could have went down the miles point rabbit hole but I thought that wouldn't be too helpful to most people, maybe another video haha!
@@ZietInvests what if I say that (theoritically for now since I’m still trying it out) you could get up to 8000 big points / month, whereby x12 months would get you 96,000 big points ~ more or less worth of 600-700rm off your next holiday flight?
@@daengdhamiry3650 i havent looked too deep into it, but yes could be the case as well! More niche credit cards actually have much better rewards, but its harder to recommend to people coz not everyone using CC for the same thing
Try public bank Master and Visa Quantum cards bro. No min spend, applies even in weekdays. Up to Rm30 per card cash back. Visa applies for wave transactions, master for online transactions (excludes wallet top up).
I think there are 2 type of people that clicked into this video, one that wants the max cashback without any effort, and another that wants max cashback with a little bit of effort, this video is leaning towards the latter. But could definitely work for those that want to put 0 effort and still get some pretty handsome rewards!
@@bryeap thank you for your info sharing. The benefits will be revised effective Oct 1, 2022. I'll terminate both cards after settle my outstanding balance. 🙏🏻
Hey Ziet. Not sure if you realise the error at 10:10 the HLB Wise card shows Grab spending. However earlier in the video it shows online spending. Otherwise thanks for this very useful video. Appreciate it
I then combo my pbb quantum with Maybank Amex . Amex focus on weekends to get 50 bucks cash back a mth + 5x pts with certain retailers. Downside is many retailers reject Amex. I prefer cards with no annual fee and also due to my small budget. Pbb quantum cards also no annual fees which is why I like.
Yeahhh I can relate, not many shops accept AMEX, that's the problem!! I realised many in the comments section recommended PBB Quantum card - seems like a solid choice for a fee-less card
I have a Citi cashback for 3 years, hardly get to max the rebates every month. I find the "Dining" category is a bit tricky not all food joints are consider as dining
But it would be capped by the spending category right? Still need to spend on dining, grab, petrol etc., but definitely could work for some other cards!
again, thanks for the great info. just something to add on, as im the current user of the hsbc amanah m power, it actually literally equal to no annual fee as it can be waived once we swipe the card for at least 12 times a year which most people can achieve it easily. :)
Hihi, really great content and super useful for beginners! May I know, for option 3 at 10:20, say my income level is above RM5000, would it be definitely better for me to use UOB One Visa Platinum + Citi Cash Back Platinum? Would be interested to see if there are any more viable options for income above RM5000. Appreciate it!
Hi there! I would think so yes! Don't think there are more comparable cards that offer more cashback though - using too many cards would be a haywire too haha! But I will definitely make another video for you guys when I stumble across one!
Thank your for the video tips Ziet. You have a great channel. My I ask. Currently I have UOB One Paltinum, but my spending is about Rm3500 a month. Is it ideal to combo with another platinum card. Not sure what is the best for the current offers right now. 😅
Is it a normal thing for bank to send u a credit card even tho u never apply one? As a heavy Maybank user (bc it's closest to my house haha) Maybank sent me a Ikhwan credit card last time and that is what I hv been using for the last 6 months. I always use credit card to pay utility bills, rental and insurance only. Never thought about credit card cashback thingy but the Citibank one sounds pretty awesome yet thinking of the process of applying new credit card and terminate the existing one made me hesitate tho😅 as always, thank u Ziet for the informative video!!
Hmmm, very unusual but definitely not the first time I stumble upon this, I have read about forumers getting credit card even though they did not apply for it, best to check with the bank coz there's SST service charge fee (RM 25/year) even if you dont use it, tho its not the worst thing! Citibank - watchout for the retail outlets supported (esp. no AEON max value etc.), best to read the T&C first ya! I would go for UOB ONE Platinum instead!
Wait ziet, I’m a bit confused here haha. In the beg of the video you said maybank’s are the ones you heavily use but towards the end you rec uob. Anyways I’m a heavy Citibank cc user myself and would love to know if switching to maybank is a better choice since it supports Apple Pay! 😄
Hey there! I'm using Maybank now yes, but I'm now applying for the UOB ONE (Platinum) card hehe, by then I will switch over to it for the higher credit limit and cashback. You have a point though, having that Apple Pay support is really hard to leave :O
hi Ziet, thanks for the informative video . My current setup is using New RHB Shell Gold CC (50+50) + Normal Citi CashBack CC (40) so i do get RM140, monthly and like your advice currently i am keeping tabs on which card should i spend on by keeping a record of it weekly. i would like to see another video for those people who really able to hit those high tier cash backs. would you be making another video to show how can we achieve cashback of RM2.4 - 3K? likely this would be aiming for those M40 -m3/m4 household income range which can fairly easily hitting above monthly spending of 4-5K outstanding balance
That range would require a huge ton of usage and is usually not so applicable to most people, i would suggest you detailing it down the requirement and see if your monthly spending fits it!
Nice info, but I think sticking to only one credit card will work better in long run-especially for points? my BSN teachers credit card is more valueble. BSN credit cards - no annual fee, I spend all on e-wallet topup. All online and offline payments, transfers are done through e-wallet app. Every 40k points, I choose petrol/tng vouchers. Every few months I get RM100 vouchers. I don't like to carry/use many cards, hence sticking to one will work for me. Not going to remember all those cards and usage anyway. Hence everything through e-wallet.
Nothing wrong with that as long as it works for you, personally not a fan of points as I feel they are gimmicky and their rewards are not that great either (for Maybank tho)
Hi Ziet thanks for sharing. Which is the best cashback card for online shopping and dining, with no monthly minimum spend? (I can achieve any card's income requirement)
Hmmm personally im quite happy with my citi cash back card even though there's a monthly minimum spend, the app is really pleasant to use and no other app can really match them. Standard chartered justone maybe next best
This video.. is actually what I'm looking for. Since standard chartered rebrand their justone to simply cash card, does the new card still make to your list?
I have it with me now actually (the justone), personally i stopped using it once i got my citibank cashback card - their app is nicer plus the spending threshold is lower🤣🤣
You could also talk about how to utilise RinggitPlus to get sign-up bonuses and prizes. Hold the card for a while, then cancel, finish the 6 months cooling off period, then re-apply. I recently applied for a few credit cards and got: 1. RM1,000 cash (money was transferred via DuitNow) by applying for a Citibank card 2. Apple AirPods (older version but still good) by applying for a HSBC card 3. Giordano luggage bag by applying for the SC JustOne Platinum card Of course, there are other T&Cs involved and one needs to manage expenditure and payment, but I do believe Malaysians can get lots of value out of credit cards. Good video and keep up the good work.
I only use on Petrol and some dinning most of the time. And Lazada/shopee shopping once a month. UOB / Maybank 2 Gold which is more recommended to me sir?
Hey Duncan, depending on your credit score, you may get higher credit limit and more attractive benefits (ie. more discounts to a restaurant or higher cashback - but each card will vary, so do read up on the terms and conditions).
@@jeremychoo7343 oh it's not ineligible. I used it for Grab actually. And I also managed to have it used at a few bars and restaurants (including Sugarray, Bun Meat and Cheese etc) as well as an Adidas store. But for many other restaurants and bars, the card was declined, and I switched to Bigpay instead (which worked). Not too sure why though...
@@linkinwayne ahh that sucks to know, but at least its worthy to note that cannot 100% rely on Wise. From my friends trip in Singapore he said most of the stuffs Wise got no issue, maybe its the merchant decision to open the channel for Wise coz sometimes that may incur them extra fee
Hi Ziet , for Citi Cashback , what if I spend Rm500 only for Petrol, can I still getting the cash back ? Or need spend those 5 categories in order to get cash back ?
Affin Duo - Put the rewards card aside, and use only cashback card for autobilling transactions on utilities/insurance, ewallet top up and online spending. downside is you would not be able to cancel the rewards card without cancelling both cards.
Hi. Awesome video! Quick question about the HSBC Amanah MPower Platinum Credit Card-i, I see their disclosure sheet, it has the fixed monthly management fee of RM2,250. What fee is this ya?
Hey Samson! I think the management fee is for those that activate the Cash Advance / Balance Transfer feature. But best to double check with HSBC about this!
Do we need to exactly spend across all platform as above ? I mean like the UOB ONE if say i just spend around RM 500 for dining would it cover the rest ? Or i still need to spend on other category as well ? Thanks
Hi Kamal, for the UOB One/Citibank Cashback, you just need to spend above RM 500 for all categories combined, but keep in mind whacking just Dining means you are capped at the category cashback limit of RM 10 (Dining).
The UOB credit card seems good to me, but I didn't use grab at all, does that mean I cannot entitle the cashback although I spend RM500 per month, excluding spending on the grab category?
after comparing those you suggest, wouldn't Citibank Cashback card be better? cashback same as UOB One yet no annual fee for 3 years? Need to find a replacement for my PBB quantum cards as they just updated the terms starting Oct 1st. Gonna be shitty cards after this.
Hi David, you are right! But I recommended UOB because 1. Lower salary requirement hence easier access to fresh grads 2. UOB card has more groceries coverage compared to Citibank cashback from what I see Hope this clarifies!
Is there any credit card I can apply where I can spend my total credit limit on something like a top up on touch n go n then pay for my credit card using my credit balance on touch n go, and in the process earn points to redeem flight tickets or other rewards? Like my salary is 3k, so I apply a abc bank credit card n they gv me 5k credit limit. I buy credit on touch n go for 5k, and then use that 5k to pay my credit card bill before interest kicks in, essentially meaning I just recycle and move the money around to earn points to get other rewards the card gives. I might be talking out of my ass here, but is there any cards that fits my description?
Woah that is something that I have never seen before myself haha! Instead of credit card, you might want to look for a bank account that does payroll + gives you benefit for using them as a payroll bank (there definitely are products like these) - but not credit card as far as I know
Hi Ziet, how does the credit card cashback work since I do not instantly receive the cashback after I purchase something, I would like to hear your opinion on this.
Hi John, they usually give after a period of time, from SC: "We will credit the amount of the CashBack to your credit card account or any other account we designate within the 60 days after the end of the relevant transaction months" www.sc.com/global/av/my-tnc-just-one-plat-product-jul2017.pdf
Hi, I'm planning to apply my first credit card. I'm not a heavy user and I'm choosing between a few options. Can I have your suggestion? Citi Clear, Citi Simplicity and Uob One. Which is better for me?
Hi Ziet for the citibank cashback does the RM500 monthly spend mean need to spend atleast RM100 on each category listed or any spending on the card such as online spending.
Hi Ziet, thank you on the superb research & effort for this video! 🤗 I am a fresh grad currently working in Singapore. Just wanted to ask if I would like to improve my CCRIS and CTOS, can a Singaporean registered credit card do the trick? If not, I have to apply credit cards in Malaysia and spend it locally (in MY) right? Are there any Malaysian registered credit cards that can be spent in Singapore & contribute to CCRIS and CTOS at the same time? Thanks for your time on reading this! ✨
CCRIS and CTOS are used in Malaysia so I think you have to use a Malaysian bank credit card for them to track your credit history, but you can use the credit card anywhere in any currencies, provided you pay the bill on time. Thats what the CCRIS and CTOS's functions for.
Hi Soon Wei, unfortunately I don't have the answer for you, but, I would think Malaysian and Singaporean banks have agreement to share their banking customers' transaction, though I could be wrong, suggest you to give your bank a quick call and clarify this!
since uob one classic and citibank cash back master are the same feature, y dun choose citibank over uob since citi offer annual fee waiver for 1st 3 years?
Initially chosen UOB because they bought over citibank's local operations (means no more citibank oversight, technically its UOB), but after applying for UOB and got ghosted by them for a long time, I went for Citibank again and got my Citi Cash Back Card within 1 week. Been using it since then!
I'm currently looking to apply for my first credit card, and I was recommended with Citi Simplicity Mastercard. May I know your thoughts on this cc if it's good or not? x.x
*Some tips and tricks, although I am not sure this is recommended. To hit the minimum spend of the cards, just top up around the amount to TNG. To avoid being flagged by the system, just put the cash into TnG into Go+ Balance, use it throughout the month when CC is not an option. Cash out all the remaining money and repeat the same process every month. Personally, I prefer Public Bank Quantum CC. --> Online (5%) - max capped at rm30/month --> Physical waive (5%) - max capped at rm30/month
lmao I actually thought of this before with Wise or something else :X *Walking the fine line between rewards & penalty though, definitely not sustainable and recommendable hahaha*
@@ZietInvests 😂😂 tng allows capped the maximum withdraw limit per month. Thus, I think as long as we dont abuse the system too much. I dont think we will be flagged 🤣
For the HSBC Amanah card it is possible to hit the 2k minimum spend by topping up the 2k to any e-wallet (TnG, Shopee etc...) and cash out back into own bank account to have an advance cash flow of 2k? If not to spend then able to pay the card for the spending categories to get maximum cashback
I’m pretty sure Grab (at least in SG) doesn’t allow you to transfer it back to your own bank account if the top up came from a credit card source. Not sure about Grab MY, but I don’t think they allow you to transfer your credits back to your account at all, unless you want to delete your Grab account.
@@chromeaces MYGRAB doesn't allow this except for exceptional cases. I've transferred an incorrect amount to my grab wallet so i contacted them and they helped me.
Hi. Ziet, i would like to ask, i’m a business owner of F&B biz. Can u recommend which one should i apply? Since, monthly spending on groceries around 8 to 9k
Hi Eezaatii, you should ideally look at those without cap on each category! Perhaps can look for something like the Alliance Visa Signature (~rm 60 cashback cap)?
Maybank 2 cards are the ones i got when i started working. Nowadays i use citibank cash back card as my main card (and yes they shut down, but sold to UOB, so technically UOB is running the business)
Too complicated to maximize with minimum spend per month Try these below with category on certain days with no minimum spend and annual fee(some with yearly swipe requirement) Maybank 2 card amex only Maybank ikhwan card Maybank Petronas card Public Bank 2 card master visa Public Bank visa signature
@@ZietInvests not using all. Most around RM 50a month benefit But they're much much simpler to use Public Bank halving their benefits in October 1 so need to relook again Also need factor in the minimum spend means there's a portion of money spent at 0% cashback and more monitoring to maximize unless your only using 1 or 2 cards
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Huh. Never seen someone actually breakdown the actual ringgit cost benefit of micromanaging a credit card. Pretty informative, thanks
Hopefully you found some value from it!
Man the amount of work and detail you put into this is just so amazing. Icant express u enough how thankful we are
Hehe anything for all of you 🥰
This is one neat and clear breakdown for a credit card beginner like myself. This video helps me to explore and decide a lot of options out there. Thanks, Ziet!
Niceee, glad it helped Faris ☺️
Very informative. Save me alot of time and homework
You got a new subscriber
Thank you so much Nicholas, so glad this video helped! Hopefully can see you in the comments section of my future videos!
I'm here to learn about Malaysia Credit Cards to prepare😂
😆😆😆 lai lai Malaysia welcome you hahahaah
I think Maybank 2 gold card (AMEX) for 5% weekend combined with public Bank quantum 2 cards (online spending and contactless spending 5%) is better. Plus it's free for life! Calculation also omitted SST
Those are pretty solid picks too, if one can't be bothered about getting more cashback (which I think is not the intended audience of this video in the first place xD), whichever works I guess!
Today PB Quantum card just announce 2% cash back for min 100 sgd spend :(
Citibank commercial banking gonna be history in Malaysia soon. Citibank sold their commercial bank to UOB Bank, so in future UOB one card = Citibank Cashback card.
Agree!
Awesome video breakdown! Thanks for sharing Ziet
Hehe glad you liked it!
Check if there a 'Only for the first 1,000 customer' or to the limit of RM 10,000 000.00 only on the first Friday, Saturday and Sunday of the month.
Good reminder! Some banks do impose that
HSBC Amanah MPower Platinum
RM240 primary card
But got Waiver when you do 1x swipe once a month for 12 consecutive months, and meet annual spending of RM2,000. Mean the annual fee should be RM25 only and Nett Max Cashback per year should be RM549.50.
Ziet, for HSBC Amanah, the annual fee is free if you make 12 swipes each year. To me, it sounds like a better deal. The only hurdle is to spend 2,000 monthly. The idea is to just top up TnG to meet that amount haha but not sure if TnG will flag it as fraudulent transaction.
Yeahhh if TNG removed that and flag as inappropriate use of the account then....jialat XD
@@ZietInvests Hi for HSBC PLATINUM credit card, they stated annual fee will be waived if we do 12x swipe per year .. Annual spending is RM2000. So it doesn't mean that every month we must swipe RM2000 right? As long as end of the year we have swiped at least minimum of RM2000?. Correct me if I'm wrong . I want to apply for this card but confused now
@@lolosweety6287 annual spending mean min spending 2k per year
There are some other cards out there with better cashback, which I personally use:
PB Quantum for online and retail spending (no weekday and weekend restrictions)
Maybank Ikhwan Mastercard and Visa for Petrol(8%) and groceries.
But the cap at RM 30/month cashback for PBB Quantum is a bit too low thou :X
Ikhwan seems like the same as Maybank Amex, but you would lose out on the umrah benefit?
@@ZietInvests I take my words back, PBB has made the Quantum cards useless overnight by downgrading the cashback to 2% at min RM100 per transaction
Thank you for the video Ziet, but I was thinking of applying Maybank or CIMB Bank credit card 😂🤣. Still a great informative video 👍.
Just other thing related to personal finance, not sure you had done a video about the Buy Now Pay Later trend like Atome, Pace, Grab Paylater and other similar services. Would like to hear your thoughts about this trend. Thank you ☺️
Interesting suggestion, ill look into it!!
@@ZietInvests Alright. Thank you again Ziet 😄
Looking forward comparison to rhb shell cc. Since i got this cc, got cashback at least rm80/m.
Interesting, will take a look!
I'm here to solely comment on 1 thing. Apart from the detailed explanation, I noticed u replied to each and every comments. Which is somewhat rare sight these days, I applause ur effort in engaging with ur audience. Therefore, new sub and keep up the good work! 👏🏼
Can you make a video talking about your maybank cards? Informative video btw, thanks.
Hi there, I will definitely look into it!
Damn bro, appreciate the work!
Cheers Benjamin, glad you liked it!
Great video! Would love to see a new video for 2024 credit cards.
Thank you! Got a lot of requests on this, will start digging already 🤣
Thanks for the video and explanation on summarizing the lists of CB cards and also suggestion.
The issue with the cards, a lot of limit on certain categories.
Citibank is good but it has 1 issue, have to ask for waiving the annual fee. They are very arrogant (like Maybank), they can say they don't want to give. Have to call few agents to find 1 of them who is willingly to waive the annual fee. Bloody headache.
Right now, the cards are changing to Master card, hopefully no issue.
Yeah requesting for annual fee waiver is a hit or miss, not everyone will be approved, not sure whether its because they have been recently sold off to UOB?
I personally just applied for the UOB ONE Platinum, the much higher credit limit would be useful to me
@@ZietInvests One quick question, does the spending on supplementary card counts towards the principal?
Thanks for detail and straightforward information on this matter.
You're most welcome my friend!
Ziet, you might want to consider Maybank 2 Gold / 2 Platinum card. No annual fees, Min spend Rm1K/mth. Effective cashback 5%/ mth. Only downside: AMEX card usage on weekends. 😅
Hi Choo, I'm actually using a similar one - VISA GOLD/Amex xD
Will probably make a video on them! Thanks for your suggestion!
Wow Ziet....thats a great piece man... You did all the hard work for yr viewers. Very useful other than investing this knowledge area is much appreciated. Best wishes.
So glad you liked it Robert!! Will make more videos like this!
I’m using maybank visa signature with 5% cashback for groceries and petrol with rm88 cashback monthly cap. Currently experimenting another credit card to get maximum air miles / big points conversion for redeeming flight tickets!
Awesome, that is not bad at all! Could have went down the miles point rabbit hole but I thought that wouldn't be too helpful to most people, maybe another video haha!
@@ZietInvests what if I say that (theoritically for now since I’m still trying it out) you could get up to 8000 big points / month, whereby x12 months would get you 96,000 big points ~ more or less worth of 600-700rm off your next holiday flight?
@@daengdhamiry3650 i havent looked too deep into it, but yes could be the case as well! More niche credit cards actually have much better rewards, but its harder to recommend to people coz not everyone using CC for the same thing
which another card?
@@daengdhamiry3650 could you share more about this brother? Any question, why Visa Singature instead of Visa Infinite
Try public bank Master and Visa Quantum cards bro. No min spend, applies even in weekdays. Up to Rm30 per card cash back. Visa applies for wave transactions, master for online transactions (excludes wallet top up).
I think there are 2 type of people that clicked into this video, one that wants the max cashback without any effort, and another that wants max cashback with a little bit of effort, this video is leaning towards the latter.
But could definitely work for those that want to put 0 effort and still get some pretty handsome rewards!
David, correction ya. There are min spend of RM 30 for both of Public Quantum Credit Card instead of NO min ya.
Revised to unusable now
revised to min spend of RM100 and only 2% cashback up to RM20. yup, stop using these cards
@@bryeap thank you for your info sharing. The benefits will be revised effective Oct 1, 2022. I'll terminate both cards after settle my outstanding balance. 🙏🏻
Thanks for sharing and effort , absolutely i can make use for it as references.
Glad it helped! I'm releasing a new version tomorrow so please stay tuned to that too!
usually citibank, hsbc credit card, you call up cs, they will normally waive the annual fee
Thanks for chipping in! Some say have to demonstrate consistent usage for a few months to years before they will entertain that!
Now that it's dead, MasterCard Quantum was so great. Used to pay TNB bill with it, easy rm30 per month.
Haha luckily it was not in this list!
Hey Ziet. Not sure if you realise the error at 10:10 the HLB Wise card shows Grab spending. However earlier in the video it shows online spending.
Otherwise thanks for this very useful video. Appreciate it
Ahh yess thanks for pointing that out, it's supposed to be Online spend, but Grab is just one of it haha. Cheers!
Terbaik lah bang...good info... thanks 👍👍
Hehe nice! Terima kasih Farhan! Subscribeeee XD
Very informative! Can do review on new CIMB Petronas Visa? Up to RM 120 cash back a month 😮
Wow thats alot, let me look into it if there's anything interesting!
I then combo my pbb quantum with Maybank Amex . Amex focus on weekends to get 50 bucks cash back a mth + 5x pts with certain retailers. Downside is many retailers reject Amex. I prefer cards with no annual fee and also due to my small budget. Pbb quantum cards also no annual fees which is why I like.
Yeahhh I can relate, not many shops accept AMEX, that's the problem!!
I realised many in the comments section recommended PBB Quantum card - seems like a solid choice for a fee-less card
@@ZietInvests yea maybe one day if I use more consistently will try out your cards. Right now PBB quantum cards and MBB Amex is good enough for me.
Been using pbb quantum with Amex combo as well. However most recent update of t&c effective on Oct 2022, pbb quantum seems not attractive anymore.
I have a Citi cashback for 3 years, hardly get to max the rebates every month. I find the "Dining" category is a bit tricky not all food joints are consider as dining
Ah, thats a good point, indeed dining is a bit tricky. Personally have ben benefiting from it via grocery + petrol + grab
You can easily achieve the minimum spend amount by topping up your ewallet TNG.
But it would be capped by the spending category right? Still need to spend on dining, grab, petrol etc., but definitely could work for some other cards!
again, thanks for the great info.
just something to add on, as im the current user of the hsbc amanah m power, it actually literally equal to no annual fee as it can be waived once we swipe the card for at least 12 times a year which most people can achieve it easily. :)
Ah thanks for noting that!!
Hihi, really great content and super useful for beginners! May I know, for option 3 at 10:20, say my income level is above RM5000, would it be definitely better for me to use UOB One Visa Platinum + Citi Cash Back Platinum? Would be interested to see if there are any more viable options for income above RM5000. Appreciate it!
Hi there! I would think so yes! Don't think there are more comparable cards that offer more cashback though - using too many cards would be a haywire too haha! But I will definitely make another video for you guys when I stumble across one!
@@ZietInvests will it be alright if I only uses Citibank credit card rather than combining UOB and Citibank ?
Thank your for the video tips Ziet. You have a great channel. My I ask. Currently I have UOB One Paltinum, but my spending is about Rm3500 a month. Is it ideal to combo with another platinum card. Not sure what is the best for the current offers right now. 😅
wish to see more of personal finance videos :)
Awesomeee, will definitely look forward to make more of them!
Is it a normal thing for bank to send u a credit card even tho u never apply one? As a heavy Maybank user (bc it's closest to my house haha) Maybank sent me a Ikhwan credit card last time and that is what I hv been using for the last 6 months. I always use credit card to pay utility bills, rental and insurance only. Never thought about credit card cashback thingy but the Citibank one sounds pretty awesome yet thinking of the process of applying new credit card and terminate the existing one made me hesitate tho😅 as always, thank u Ziet for the informative video!!
Hmmm, very unusual but definitely not the first time I stumble upon this, I have read about forumers getting credit card even though they did not apply for it, best to check with the bank coz there's SST service charge fee (RM 25/year) even if you dont use it, tho its not the worst thing!
Citibank - watchout for the retail outlets supported (esp. no AEON max value etc.), best to read the T&C first ya! I would go for UOB ONE Platinum instead!
Even if we don't call the bank to activate it? Scary
Wait ziet, I’m a bit confused here haha. In the beg of the video you said maybank’s are the ones you heavily use but towards the end you rec uob. Anyways I’m a heavy Citibank cc user myself and would love to know if switching to maybank is a better choice since it supports Apple Pay! 😄
Hey there! I'm using Maybank now yes, but I'm now applying for the UOB ONE (Platinum) card hehe, by then I will switch over to it for the higher credit limit and cashback.
You have a point though, having that Apple Pay support is really hard to leave :O
Great sharing🎉❤
Hehe glad you liked it CZ!
Great video, thank you Ziet! For UOB one card, is there any penalty charges if we spend below RM500?
Thanks! Dont think there is any penalty charge!
Is Grab Pay e-wallet top up consider as Grab spending on Citibank & UOB cards?
Yes!
hi Ziet, thanks for the informative video . My current setup is using New RHB Shell Gold CC (50+50) + Normal Citi CashBack CC (40) so i do get RM140, monthly and like your advice currently i am keeping tabs on which card should i spend on by keeping a record of it weekly. i would like to see another video for those people who really able to hit those high tier cash backs. would you be making another video to show how can we achieve cashback of RM2.4 - 3K? likely this would be aiming for those M40 -m3/m4 household income range which can fairly easily hitting above monthly spending of 4-5K outstanding balance
thanks for your video iwill be applying for the Just One basic with UOB as it requires fairly little spending on it
That range would require a huge ton of usage and is usually not so applicable to most people, i would suggest you detailing it down the requirement and see if your monthly spending fits it!
Nice info, but I think sticking to only one credit card will work better in long run-especially for points? my BSN teachers credit card is more valueble. BSN credit cards - no annual fee, I spend all on e-wallet topup. All online and offline payments, transfers are done through e-wallet app. Every 40k points, I choose petrol/tng vouchers. Every few months I get RM100 vouchers. I don't like to carry/use many cards, hence sticking to one will work for me. Not going to remember all those cards and usage anyway. Hence everything through e-wallet.
Nothing wrong with that as long as it works for you, personally not a fan of points as I feel they are gimmicky and their rewards are not that great either (for Maybank tho)
Hi Ziet thanks for sharing. Which is the best cashback card for online shopping and dining, with no monthly minimum spend? (I can achieve any card's income requirement)
Hmmm personally im quite happy with my citi cash back card even though there's a monthly minimum spend, the app is really pleasant to use and no other app can really match them.
Standard chartered justone maybe next best
@@ZietInvests much thanks for the suggestions, you gained a subscriber 😆
This video.. is actually what I'm looking for. Since standard chartered rebrand their justone to simply cash card, does the new card still make to your list?
I have it with me now actually (the justone), personally i stopped using it once i got my citibank cashback card - their app is nicer plus the spending threshold is lower🤣🤣
You could also talk about how to utilise RinggitPlus to get sign-up bonuses and prizes. Hold the card for a while, then cancel, finish the 6 months cooling off period, then re-apply.
I recently applied for a few credit cards and got:
1. RM1,000 cash (money was transferred via DuitNow) by applying for a Citibank card
2. Apple AirPods (older version but still good) by applying for a HSBC card
3. Giordano luggage bag by applying for the SC JustOne Platinum card
Of course, there are other T&Cs involved and one needs to manage expenditure and payment, but I do believe Malaysians can get lots of value out of credit cards. Good video and keep up the good work.
Ahhh how can I miss that! Thanks for noting that, definitely very helpful for everyone!
My colleague is a pro at it. apply, get the gifts, sell it then cancel 😆
Hi Ziet, great video. Can you do an updated one for those with income above 10k pls 🙏
Will definitely consider!
I only use on Petrol and some dinning most of the time.
And Lazada/shopee shopping once a month.
UOB / Maybank 2 Gold which is more recommended to me sir?
Thanks for the info bro...
Cheers buddy!
very informative
Thank you Shareef!
nice summary b^^^d wondering what are the perks for cards with higher income requirement 8k/months 10k/months 15k/months etc
Hey Duncan, depending on your credit score, you may get higher credit limit and more attractive benefits (ie. more discounts to a restaurant or higher cashback - but each card will vary, so do read up on the terms and conditions).
Tried using the Wise card in Thailand but a lot of places didn't accept it. Bigpay fared better
I see, thanks for your feedback!
Hi Wayne, any idea why this was the case? Thailand doesn’t seem to be on the list of ineligible countries. 🤔
@@jeremychoo7343 oh it's not ineligible. I used it for Grab actually. And I also managed to have it used at a few bars and restaurants (including Sugarray, Bun Meat and Cheese etc) as well as an Adidas store. But for many other restaurants and bars, the card was declined, and I switched to Bigpay instead (which worked). Not too sure why though...
@@linkinwayne ahh that sucks to know, but at least its worthy to note that cannot 100% rely on Wise.
From my friends trip in Singapore he said most of the stuffs Wise got no issue, maybe its the merchant decision to open the channel for Wise coz sometimes that may incur them extra fee
Hi Ziet , for Citi Cashback , what if I spend Rm500 only for Petrol, can I still getting the cash back ? Or need spend those 5 categories in order to get cash back ?
HI, you need to spend minimum for those other categories yea
Affin Duo - Put the rewards card aside, and use only cashback card for autobilling transactions on utilities/insurance, ewallet top up and online spending. downside is you would not be able to cancel the rewards card without cancelling both cards.
How much are you getting per month?
@@ZietInvests At first it was RM80 max out before the rules change. Now maxing out RM50 a month
Good sir, why did you recommend Citi Cash Back Mastercard and not Citi Simplicity Mastercard? I'm thinking of applying for credit card
Hi there, yes! Citi Cash Back Mastercard it is!
Is Citi retail market still operating in Singapore?
Hi. Awesome video! Quick question about the HSBC Amanah MPower Platinum Credit Card-i, I see their disclosure sheet, it has the fixed monthly management fee of RM2,250. What fee is this ya?
Hey Samson! I think the management fee is for those that activate the Cash Advance / Balance Transfer feature. But best to double check with HSBC about this!
For uob one classic card, what if I spend rm250 on dinner and rm250 on petrol only, the rest 0, can ah?
Hi. Could you compare and recommend also for Islamic credit card ? Thanks in advance!
Hi Firdaus, that's something I am not very familiar with to be honest! But will definitely look into it!
bro, can you please explain regarding the effective management fee?
informative, tq
Cheers ✌🏻
Content yang bagus, terbaik, terima kasih kongsi ilmu lencai
Hehe thank you lencai
bos, u sgt bagus. mantap. teruskan.
Terima kasih boss!
Yo Ziet what is the best ringgit cost benefit for travel credit card? Help us breakdown on that too though
Can consider!
need an updated video of this bro. Citi bank no more :(
Do we need to exactly spend across all platform as above ? I mean like the UOB ONE if say i just spend around RM 500 for dining would it cover the rest ? Or i still need to spend on other category as well ? Thanks
Hi Kamal, for the UOB One/Citibank Cashback, you just need to spend above RM 500 for all categories combined, but keep in mind whacking just Dining means you are capped at the category cashback limit of RM 10 (Dining).
The UOB credit card seems good to me, but I didn't use grab at all, does that mean I cannot entitle the cashback although I spend RM500 per month, excluding spending on the grab category?
Yeah correct :c need to spend on grab too
if we using grabpay will it count? ty
great video
Thank you!🥰
after comparing those you suggest, wouldn't Citibank Cashback card be better? cashback same as UOB One yet no annual fee for 3 years? Need to find a replacement for my PBB quantum cards as they just updated the terms starting Oct 1st. Gonna be shitty cards after this.
Hi David, you are right! But I recommended UOB because
1. Lower salary requirement hence easier access to fresh grads
2. UOB card has more groceries coverage compared to Citibank cashback from what I see
Hope this clarifies!
@@ZietInvests I think I will go for Citibank platinum cash back. Wanna avoid annual fees for first 3 years. Thanks for the video!
Hi, how about affin duo+ ? Does anyone use it ? Contactless transactions are used for every mcc such as petrol groceries and shopping mall all ?
Hi ziet, should we ask for annual fee waiver when annual fee is reflected on the statement or at the start of the year?
Can call your bank up directly about this!
Terbaik 👍🏻👍🏻
Time kaseh 🔥🔥
Hi Ziet, can we apply and get both card such as classic plus platinum?
Hi Choon Wei, i havent tried that myself, i just applied for the classic one and happy with it now xD
@@ZietInvests ic.. will ask agent for confirmation.
Great Video! any latest update ?
Making one on petrol soon!
Is there any credit card I can apply where I can spend my total credit limit on something like a top up on touch n go n then pay for my credit card using my credit balance on touch n go, and in the process earn points to redeem flight tickets or other rewards?
Like my salary is 3k, so I apply a abc bank credit card n they gv me 5k credit limit.
I buy credit on touch n go for 5k, and then use that 5k to pay my credit card bill before interest kicks in, essentially meaning I just recycle and move the money around to earn points to get other rewards the card gives.
I might be talking out of my ass here, but is there any cards that fits my description?
Woah that is something that I have never seen before myself haha! Instead of credit card, you might want to look for a bank account that does payroll + gives you benefit for using them as a payroll bank (there definitely are products like these) - but not credit card as far as I know
@@ZietInvests a bank account called payroll account? Never heard of this before... I'll look into it. Thanks
Can you share travel air miles card? Realise no one doing this content in Malaysia
Good idea! Imma look into it!
Hi Ziet, how does the credit card cashback work since I do not instantly receive the cashback after I purchase something, I would like to hear your opinion on this.
Hi John, they usually give after a period of time, from SC:
"We will credit the amount of the CashBack to your credit card account or any other account we designate within the 60 days after the end of the relevant transaction months"
www.sc.com/global/av/my-tnc-just-one-plat-product-jul2017.pdf
Hi, I'm planning to apply my first credit card. I'm not a heavy user and I'm choosing between a few options. Can I have your suggestion? Citi Clear, Citi Simplicity and Uob One. Which is better for me?
Either one sounds good to me!
Hi, can u review Citi Simplicity+ credit card?
Woo! will check it out.
Hi Ziet for the citibank cashback does the RM500 monthly spend mean need to spend atleast RM100 on each category listed or any spending on the card such as online spending.
Yup, that's the downside of it.
As JC mentioned ^ - need to be in the listed categories, with approved merchants in their list (check the T&C) :)
What card should I use for petrol and grocery
I personally like maybank 2 card for a start😁 lots of points and weekend cashback with amex
Hi Ziet, thank you on the superb research & effort for this video! 🤗
I am a fresh grad currently working in Singapore. Just wanted to ask if I would like to improve my CCRIS and CTOS, can a Singaporean registered credit card do the trick? If not, I have to apply credit cards in Malaysia and spend it locally (in MY) right? Are there any Malaysian registered credit cards that can be spent in Singapore & contribute to CCRIS and CTOS at the same time?
Thanks for your time on reading this! ✨
CCRIS and CTOS are used in Malaysia so I think you have to use a Malaysian bank credit card for them to track your credit history, but you can use the credit card anywhere in any currencies, provided you pay the bill on time. Thats what the CCRIS and CTOS's functions for.
Hi Soon Wei, unfortunately I don't have the answer for you, but, I would think Malaysian and Singaporean banks have agreement to share their banking customers' transaction, though I could be wrong, suggest you to give your bank a quick call and clarify this!
Alright, thank you!😊
I’m trying to get my first cc. Aiming maybank 2 platinum card, should I cont with it or should I consider UOB? please share your thoughts
Maybank 2 cards work just fine, UOB if you can spend that amount for that extra cashback and credit limit!
since uob one classic and citibank cash back master are the same feature, y dun choose citibank over uob since citi offer annual fee waiver for 1st 3 years?
Initially chosen UOB because they bought over citibank's local operations (means no more citibank oversight, technically its UOB), but after applying for UOB and got ghosted by them for a long time, I went for Citibank again and got my Citi Cash Back Card within 1 week. Been using it since then!
Which credit cards helps to build our credit score? Which banks offers the credit card with build credit score with low annual fee / %
I'm currently looking to apply for my first credit card, and I was recommended with Citi Simplicity Mastercard. May I know your thoughts on this cc if it's good or not? x.x
Read its T&C and compare it with the cards here! Personally am happy with my Citi Cashback card ;)
*Some tips and tricks, although I am not sure this is recommended.
To hit the minimum spend of the cards, just top up around the amount to TNG. To avoid being flagged by the system, just put the cash into TnG into Go+ Balance, use it throughout the month when CC is not an option. Cash out all the remaining money and repeat the same process every month.
Personally, I prefer Public Bank Quantum CC.
--> Online (5%) - max capped at rm30/month
--> Physical waive (5%) - max capped at rm30/month
lmao I actually thought of this before with Wise or something else :X
*Walking the fine line between rewards & penalty though, definitely not sustainable and recommendable hahaha*
@@ZietInvests 😂😂 tng allows capped the maximum withdraw limit per month. Thus, I think as long as we dont abuse the system too much. I dont think we will be flagged 🤣
@@hihichew1 all i can say is…good luck n have fun😂😂😂
But latest statement ,i dont received rm 30 cashback n another 30 for supplymentary card for quantum card anymore T.T
@@icy8806 they changed their terms starting from October. Do check your email for the latest terms. The card is pretty mucn meaningless now
For the HSBC Amanah card it is possible to hit the 2k minimum spend by topping up the 2k to any e-wallet (TnG, Shopee etc...) and cash out back into own bank account to have an advance cash flow of 2k? If not to spend then able to pay the card for the spending categories to get maximum cashback
I’m pretty sure Grab (at least in SG) doesn’t allow you to transfer it back to your own bank account if the top up came from a credit card source. Not sure about Grab MY, but I don’t think they allow you to transfer your credits back to your account at all, unless you want to delete your Grab account.
Dont think they would allow that loophole tho
@@chromeaces
MYGRAB doesn't allow this except for exceptional cases. I've transferred an incorrect amount to my grab wallet so i contacted them and they helped me.
Should I apply for Citibank credit card now since it has high cashback and possibly free gift but Citibank have been sold to Uob, what do you think?
I apply for UOB instead, they will consolidate afterwards so not an issue to me
Cashback better or point? Best point card? Best travel card, or for any other categories? What about the wise card?
Cashback more realistic, points are quite useless and need to spend a butt load of it for cheapskate rewards
Havent looked into the travel cards tho!
Hi. Ziet, i would like to ask, i’m a business owner of F&B biz. Can u recommend which one should i apply? Since, monthly spending on groceries around 8 to 9k
Hi Eezaatii, you should ideally look at those without cap on each category! Perhaps can look for something like the Alliance Visa Signature (~rm 60 cashback cap)?
Is there a card cash back for spending on facebook marketing?
You can always put the money into tng and set it to deduct from tng account
If I topup my grab pay using credit card & pay the grab food using grab pay, will that considered under "grab" or "dining" category?
Should be grab! Dining should be for selected retailers only
hi bro, best credit card for travel. appreciate with ur reply
Considering a vid on this! ;)
Strong la bro
💪
Why are you using maybank credit card?
In Malaysia, not citi Bank has closed down already?
Maybank 2 cards are the ones i got when i started working. Nowadays i use citibank cash back card as my main card (and yes they shut down, but sold to UOB, so technically UOB is running the business)
Too complicated to maximize with minimum spend per month
Try these below with category on certain days with no minimum spend and annual fee(some with yearly swipe requirement)
Maybank 2 card amex only
Maybank ikhwan card
Maybank Petronas card
Public Bank 2 card master visa
Public Bank visa signature
Interesting, how much are you getting per month with these? Seems like a lot of card to use tho
@@ZietInvests not using all. Most around RM 50a month benefit
But they're much much simpler to use
Public Bank halving their benefits in October 1 so need to relook again
Also need factor in the minimum spend means there's a portion of money spent at 0% cashback and more monitoring to maximize unless your only using 1 or 2 cards
@@cwl.5293
Can you suggest one with no annual fee ?
Can i bind the UOB one card to AIA insurans just to achieve the monthly min spend of RM500?
hmmm better give UOB a call to check, not quite sure about that