Monday, November 11, 2013

How Fixed Deposit can Help You Earn Credit Card Benefits

Most banks in Malaysia now offer various credit card promotions that cater to different needs. All Malaysian banks are very competitive in terms of giving you the best package so that you will choose their brand over their competitors. Currently, banks including Standard Chartered Bank, CIMB, RHB, American Express, Citibank and Hong Leong Bank give excellent rewards. Whether you love to travel, dine, shop or watch movies and hang out at clubs, you can most certainly find a credit card you can use that will give you more free gifts, reward points and discount benefits in terms of dining, travelling or entertainment. But if you’re just looking for cash back advantages, then you need to specifically search for the banks that will give you back some cash.

So how does fixed deposit help you earn credit card benefits? Consider the cashback benefits of various banks in Malaysia:

RHB’s Evo Card Standard gives 20% cash back whenever you watch movies. They also provide additional reward points when you pay online. What’s more, they are waiving their annual fees for the first year. Another RHB card to consider with annual fees waived is the RHB Platinum Card/Platinum Card-i. They offer up to 15% cash back with 15% weekend cashback on dining, and provide a 30% birthday cashback at participating outlets. RHB Platinum Card also gives double rewards points on flights and tours. Chartered Bank’s JustOne Platinum MasterCard gives up to 15% cashback at Petrol stations. You can get RM300 when your card gets approved after applying online. Meanwhile, UOB’s One Card Classic offers cash back of up to 5% on anything you purchase.

If you enjoy diverse lifestyle spending, Mach Credit Card will probably attract you with their up to 10% cash back on up to 12 categories. Their cashback packages include Social, Trendsetter and Savvy and they may also include other cashback categories for a monthly fee. You may also want to note that they are also waiving their first year annual fees. Hong Leong Wise Card, on the other hand, offers you 10% cash back on selected purchases. You may also change cashback categories. Another card that offers 10% cash back is the UOB Lady’s Classic Card. This card enables owners to get cash rebates on items as well as provides offers, discounts and benefits that are personalized for women.

With all the credit card promotions in Malaysia available to all types of individuals, it should be easy to determine which card suits you the most. Just remember the advantage of paying fixed monthly deposits in easy installment packages so that you may be able to get the most cash back advantages on your chosen credit card.

Written by CompareHero (, one of the leading financial comparison portal in Malaysia. We aim to guide people on their financial matters, and help them to save money and time. Please do check our website to learn more.

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