Best Cashback Credit Card: Get Up To 15% Cashback

The idea of a cash back credit card is that it puts money back in your wallet as you spend. In short, you are saving as you spend.

Choosing a credit card that best suits your lifestyle and personality type will give you the most benefits and advantages, and help you make the most of your transactions.

With the cost of living ever rising, we could all do with that extra bit of cash back every month. Here’s our pick of the top four cash back credit cards that best reward you for your spending.

Standard Chartered Simply Cash Credit Card

If you are looking for a credit card with the highest cashback offerings, then there are few that come close to the offerings of the Standard Chartered Simply Cash card. The card offers a whopping 15% cashback on petrol, e-wallets, grocery and dining spends at selected merchants.

It also offers users a whole range of RM1 deals at select stores. These are practically a steal and are perfect for foodies looking to get an additional coffee or scoop of ice cream for just a single ringgit.

Cardholders can also enjoy a 0% easy payment scheme at select stores, allowing you to enjoy financial flexibility by turning your big purchases into affordable instalments up to 60 months at participating merchants.

Benefits

• Up to 15% cashback on petrol, e-wallets, grocery and dining
• RM1 deals at select merchants
• 0% easy payment scheme at selected merchants

RHB Shell Visa Credit Card/i

Another good option for cashback is RHB’s Shell Visa card. While not offering as much compared to the Standard Chartered card, it still gives cardholders an impressive 12% cashback on petrol and 5% on groceries, online spending, e-wallet top-up, and utilities.

This is a tiered card, so the amount of cashback you earn will be based on how much you spend. That said, even if you spend a moderate amount on petrol each month, you’ll be pleased to find that the returns of this card are still great. 

The true strength of the card is its ability to cover almost all necessities that one might need. With Malaysia shifting heavily towards a cashless society in recent years, cardholders are almost guaranteed to earn cashback on any purchase.

Benefits

• Up to 12% cashback on petrol and 5% on other spending
• Smart Pay compatible with bills from Telekom, Maxis, Digi, Astro, and more
• Balance transfer from any other credit card at attractive rates
• Smart instalment at 0% interest for up to 36 months at selected merchants
• Allows you to withdraw cash from your credit card with attractive rates and repayment period up to 36 months

If you prefer a more well-rounded RHB cashback card, then perhaps the RHB Cash Back Credit Card/-i is the better choice for you. These credit cards offer up to 10% cashback for online dining, and groceries delivery, as well as 5% cashback on petrol, dining, utility, and groceries.

UOB ONE Card

If petrol is not your main priority, then the UOB ONE card might be for you. This card is more of an all-rounder, having only 10% cashback, but it applies to all manner of spending, including petrol, groceries, dining, and Grab. Most retail spending only offers 0.2% cashback, but also provides unlimited earnings.

This is also a tiered cashback card so be sure to check what the minimum spending requirements are to gain the full benefits. Standard card holders will only need to spend a minimum of RM500 a month to unlock the top tier of cash rebate. Platinum card holders will need to spend quite a bit more at RM1,500.

Benefits

• Up to 10% cashback on petrol, dining, groceries, and Grab
• Earn 0.2% cash rebate on all other spending
• Access promotions and offers through UOB partner merchants
• Travel Insider service for travel tips and offers

AEON Platinum Visa

If you are less concerned about cashback and more interested in points, then AEON’s Platinum Visa card might be the right one for you, especially if you are a frequent shopper at AEON affiliated stores. 

The main draw of this card is the massive 4x AEON points gain that you can accrue when spending at AEON stores. Even when spending outside of these stores, you can get 1x points. Additionally, you can get up to 10% cashback on AEON Thank You Day in AEON Stores, which occurs on every 20th and 28th of the month.

Cardholders are also entitled to 2%cashback on online spending. Additionally, the card offers a number of travel benefits, including extra points for overseas spending, complimentary Plaza Premium Lounge access, and travel insurance coverage.

Benefits

• 10% AEON Store cashback on 20th and 28th
• 2% cashback on online spending
• 4x points gain at AEON stores
• 6x points gain on overseas spending
• Plaza Premium Lounge access
• Travel insurance included

If the platinum version of the card is a little too expensive for you, there is a lower tier AEON cashback card called the AEON BiG Gold Visa that offers less benefits, but have much lower income requirements. This is especially helpful for those who are a little more strapped for cash.

Conclusion

In summary, those looking to maximise their cashback, especially with regards to petrol, groceries, and e-wallets may want to take a look at the Standard Chartered Simply Cash card. Their 15% cashback offering is certainly difficult to beat.

RHB Shell Visa Credit Card/i may not offer as much cashback as the Standard Chartered one, but it still offers a great 12% on petrol refills while also offering 5% cashback on pretty much everything else, covering most, if not all of your necessities.

The UOB One card offers lower cashback rates, at 10%, but this cashback applies to a wide range of spending categories. This makes it a near-perfect all-rounder card for those who spend their money equally across multiple different shops and stores.

For those who are frequent shoppers at AEON stores, the AEON Platinum Visa offers some decent cashback opportunities as well as massive AEON points gains. It also comes with plenty of travel perks, allowing the cardholder to earn even more points, gain access to premium lounges, and even comes with travel insurance.

These are some of our selected cards. If you want to do a little more browsing, why not use iMoney’s Smart Search tool in order to find the right cashback card that fits your every need? You can find the tool here.