July 27, 2011

Cash Back Credit Card Comparison

Since the introduction of government service tax of RM50 per credit card last year, many credit card issuers have introduced cash rebate credit cards to offset the effect of such service tax. Generally, there are 2 trends for cash rebate credit card. One group of banks came out with cash rebate credit card with high rebate percentage (mainly up to 5% rebates) for certain category of spending but with a maximum rebates per month of typically RM50, while the remaining banks have cash rebate card with low rebate percentage but with no rebates cap.

With so many cash rebate credit cards introduced in the market, consumers are spoilt with choices. One point to note is that there is NO best cash rebate credit card in the market. The best cash rebate credit card is the one which gives you the maximum rebates depending on your monthly spending. Therefore, before selecting any cash rebate card, you should list out what are your expenses per month and how much do you spend for each of these categories.

The following table compares the features of some of the popular cash rebate credit cards in the market. Only credit cards which feature permenant rebates are included in the comparison. Those credit cards with cash rebates time-limited promotions will be excluded. The information published below shall be updated from time to time to reflect changes to the card features.

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