The Best Travel Credit Cards in Malaysia 2023

Malaysia’s Best 5 Travel Credit Cards

1. Hong Leong AirAsia Gold Visa

Features & Benefits

• Convert your daily expenses to air miles.
• For the purchase of an AirAsia airline ticket, RM1 equals 6 BiG Points.
• As a welcome bonus, you will receive 3,000 points.
• As a Quarterly Bonus, you will receive 3,000 points.
• Up to 36 months for the payment term.

Eligibility

• Annual income: RM24,000.
• Principal cardholder: 21 years old.
• Supplementary cardholder: 18 years old.

Fees & Charges

• Annual fee of primary card: RM200; supplementary card: RM80
• The first year was waived when a minimum of one swipe was within 45 days of the card issue
• There is RM25 for sales and services tax on the activation and anniversary dates of each major and supplementary card.
• RM50 or 5% of the outstanding amount, whichever is higher for the minimum monthly payment.
• There is a charge of RM10 or 1% of the outstanding late payment fee, up to a maximum of RM100.
• RM20 or 5% of the outstanding amount, whichever is higher for the cash withdrawal fee.
• 18% for the interest rate on cash withdrawals.

2. Maybank Singapore Airlines KrisFlyer American Express Gold

Features & Benefits

• Convert your daily expenses to air miles.
• For Singapore Airlines online flight ticket purchases, RM1 equals 1 KrisFlyer Mile.
• Certain Plaza Premium Lounges are 50% discounted.
• Free travel protection for a maximum of RM750,000.
• Avis/Hertz offers a 15% discount on vehicle rentals and a complimentary car upgrade.

Eligibility

• RM36,000 is the minimum annual income.
• The principal cardholder must be at least 21 years old.
• The minimum age is 18 (supplementary cardholder).

Fees & Charges

• RM100 annual fee for the primary card and RM50 for the supplementary card.
• There is RM25 for sales and services tax on the activation and anniversary dates of each major and supplementary card.
• RM25 or 5% of the outstanding amount, whichever is higher for the minimum monthly payment.
• There is a charge of RM10 or 1% of the outstanding late payment fee, up to a maximum of RM100.
• RM10 or 5% of the outstanding amount, whichever is higher for the cash withdrawal fee.
• 18% for the interest rate on cash withdrawals.

3. UOB PRVI Miles Card

Features & Benefits

• When you spend money at least three times each month (minimum expenditure required; only certain redemptions are permitted), you’ll receive a bonus of 2,000 UNIRM.
• 5X UNIRM for spending abroad
• Spending on airfare, hotels, and travel agencies can earn up to 5X UNIRM Points, with a total cap of RM5,000.
• 50% OFF Grab Rides (limited vouchers, up to RM10 off).

Eligibility

• RM60,000 is the minimum annual income.
• The principal cardholder must be at least 21 years old.
• The minimum age is 18 (supplementary cardholder).

Fees & Charges

• RM198 annual fee for the primary card and RM30 for the supplementary card.
• The annual charge will only be eliminated for 3 years when qualified cardmembers’ applications filed during the campaign are approved by UOB Malaysia.
• There is RM25 for sales and services tax on the activation and anniversary dates of each major and supplementary card.
• RM50 or 5% of the outstanding amount, whichever is higher for the minimum monthly payment.
• There is a charge of RM10 or 1% of the outstanding late payment fee, up to a maximum of RM100.
• RM20 or 5% of the outstanding amount, whichever is higher for the cash withdrawal fee.
• 18% for the interest rate on cash withdrawals.

4. RHB World Mastercard Credit Card

Features & Benefits

• You can receive as much as 6% monthly rebates on travel, food, and fuel.
• Access to certain Plaza Premium Lounges in Malaysia is free 5 times.
• 20% off at a few Plaza Premium Lounges across the world, excluding Beijing and Shanghai.
• Travel insurance worth RM600,000 is provided for free.
• There are no green fees.

Eligibility

• RM80,000 is the minimum annual income.
• The principal cardholder must be 21 – 60 years old.
• The supplementary cardholder must be 18 years old.

Fees & Charges

• No annual fee is charged for the primary and supplementary cards.
• There is RM25 for sales and services tax on the activation and anniversary dates of each primary and supplementary card.
• RM50 or 5% of the outstanding amount, whichever is higher for the minimum monthly payment.
• There is a charge of RM10 or 1% of the outstanding late payment fee, up to a maximum of RM100.
• RM15 or 5% of the outstanding amount, whichever is higher for the cash withdrawal fee.
• Interest rate charges range from 15 to 18% per year for cardholders who have made on-time minimum monthly payments for the previous 12 months.
• 18% for the interest rate on cash withdrawals.

5. Standard Chartered Journey Credit Card

Features & Benefits

• Earn 5x Mile Points when spending on international travel and dining.
• Earn 1 Mile for every RM5 spent on other local purchases.
• When redeeming points, earn 1 AirMile for every 2 Miles Points.
• You can enter the Plaza Premium Airport Lounge for flights overseas at KLIA and KLIA2.
• In Malaysia, Grab provides discounts of as high as RM65 on the initial Grab activity of that month, in addition to complimentary airport transportation.
• A minimum of RM2,500 in travel must be spent within 90 days of the Grab ride to qualify for the cashback and complimentary airport transportation.

Eligibility

• RM90,000 is the minimum annual income.
• The principal cardholder must be 21 – 65 years old.
• The supplementary cardholder must be 18 – 65 years old.

Fees & Charges

• RM600 annual fee for the primary card and free of charge for the supplementary card.
• If you expend a minimum of RM60,000 on retail goods annually, the yearly fee is waived for the initial year and isn’t required afterwards.
• There is RM25 for sales and services tax on the activation and anniversary dates of each primary and supplementary card.
• RM50 or 5% of the outstanding amount, whichever is higher for the minimum monthly payment.
• There is a charge of RM10 or 1% of the outstanding late payment fee, up to a maximum of RM100.
• RM25 or 5% of the outstanding amount, whichever is higher for the cash withdrawal fee.
• Interest rate charges range from 15 to 18% per year for cardholders who have made on-time minimum monthly payments for the previous 12 months.
• 18% for the interest rate on cash withdrawals.
• If the Cardholder exceeds their permitted credit limit, they will be charged RM50.

Travel credit card benefits and features

Navigating the enormous universe of travel perks and features can be difficult, particularly when looking for Malaysia’s best travel credit card. These cards promise more than just monetary transactions; they also provide a slew of features tailored to the world traveller in every Malaysian. Here are some things to watch for:

1. Air Miles Accumulation: The foundation of any good travel card. Air miles are earned for every ringgit spent and can be redeemed for aeroplane tickets. The best travel credit card in Malaysia will make those dream travels a reality.

2. Complimentary Lounge Access: There will be no more queuing at packed gates. Access to lounges adds a touch of luxury to your journey, providing a quiet spot to relax, eat, or even catch up on work.

3. Comprehensive Travel Insurance: Supplying protection against unforeseen flight cancellations, delays, or luggage loss.

4. Competitive Foreign Exchange Rates: When you get the most bang for your buck, international travel becomes easier. Favourable exchange rates can make a significant difference in your vacation budget.

5. Local and International Discounts: Enjoy discounts and cashback offers that make every spend worthwhile, whether dining at a local Malaysian hotspot or shopping overseas.

6. Global Acceptance: A feature that ensures your card will be accepted, whether at a remote cafe in Europe or a boutique store in Southeast Asia.

7. Emergency Assistance: Uncertainties in travel are unavoidable. However, with 24-hour emergency support, you can get aid no matter where you are.

8. Flexible Payment Options: Your financial situation is easy to control. Spread out major expenses over a number of months to guarantee that you can keep travelling without running into financial difficulties.

It’s not just about the plastic in your pocket while looking for the best travel credit card in Malaysia. It’s about the plethora of doors it opens, making every journey smooth and pleasant, whether domestic or international.

Loyalty Points: Converting Rewards into Air Miles

Loyalty is more than simply a sentiment; it’s a treasure mine of benefits waiting to be discovered. Every transaction, every swipe of your card, can pave the path for thrilling experiences and exquisite pleasures.

The frequent-flyer programme (FFP) is a golden ticket for regular travellers. It commemorates your loyalty to an airline and allows you to accrue air miles whenever you purchase flight tickets. What’s the appeal of these flight miles? Redeem your air points for free flights. Do you want to add a touch of luxury to your long-haul flight? Convert them for cabin improvements. Those same miles can get you free entry to airport lounges, which are peaceful havens.

Take the Hong Leong AirAsia Gold Visa, for example. It results from a collaboration between Hong Leong and AirAsia and serves as a light for individuals whose travel bug has bitten. Every retail transaction you make, whether at a local supermarket, an international boutique, or directly on AirAsia’s plethora of services, awards you with BiG Points – AirAsia’s own brand of air miles.

• AirAsia Transactions: Spend RM1 and bag 6 BiG Points.
• Overseas Transactions: Spend RM2 and earn 1 BiG Point.
• Local Transactions: A spend of RM5 gifts you 1 BiG Point.

If you’re a budding professional with a burgeoning wanderlust, the card’s accessibility is commendable. With a minimum income requirement of just RM2,000 per month, it’s an excellent fit for those in the nascent stages of their careers yet dreaming of global adventures.

The world of travel-centric credit cards expands even further for people with a somewhat higher income group. Among the alternatives are

• New AEON Visa Gold: Combining retail rewards with travel perks for the shopper-traveler.
• Singapore Airlines KrisFlyer American Express Gold: A great partnership between a global airline and a financial powerhouse.
• UOB PRVI Miles Card: For those looking for premium travel amenities without the premium price.
• HSBC TravelOne Credit Card: A combination of flexible rewards and extensive travel benefits.

Top Travel Credit Card for Each Category

Best Credit Cards To Offer Air Miles Redemption

The allure of exploration has deeply woven itself into our daily lives. From crucial business meetings in Singapore to sunlit holidays in Bali, travelling has transitioned from a mere luxury to an undeniable necessity. Tapping into this shift, banks have masterfully reshaped their reward structures. Now, with the best credit card in Malaysia for travel, those points accumulated from lavish dinners or grand shopping adventures can be seamlessly converted to air miles, ushering you into a realm of travel possibilities.

The blueprint is straightforward: Spend consciously, gather those precious points, and when ready, morph them into air miles after reaching the requisite conversion mark. Yet, as is the case with many financial nuances, intricacies lurk in the shadows. Banks vary in their conversion scales, and your selection of the best credit card in Malaysia for travel can determine whether you’re taking a brief domestic hop or an expansive global journey.

Best Credit Cards To Offer Free Airport Lounge Access

The airport lounge is a peaceful sanctuary amid the hectic noise of airports. Traditionally reserved for the most affluent travellers, these lounges offer comfort and luxury. They provide a break from the regular airport hustle with comfortable seating, gourmet meals, complimentary Wi-Fi, and a serene ambience.

To attract the modern traveller, banks have injected their credit card programmes with various travel-centric incentives, the most notable of which is complimentary airport lounge access. Whether on business or vacation, the opportunity to rest, work, or simply have a quiet lunch can improve your travel experience.

Best Credit Card To Offer Overseas Spending

Regarding travelling, the benefits of using a credit card while buying abroad are difficult to overlook. Credit cards have upped the game by offering enticing rewards targeted expressly for overseas transactions and providing an additional safety layer by saving your funds for emergencies. There will be no more fumbling with foreign currencies or calculating conversion rates while on the road. Simply swipe and let your credit card handle the rest.

One of the primary benefits is the increased number of points or rewards you receive for each foreign transaction. Consider it a “thank you” from your bank for becoming a global citizen.

Best Credit Cards To Offer Travel Insurance Coverage

Journeys, no matter how painstakingly planned, are fraught with unforeseeable events. Any trip can be ruined by the traveller’s nightmare of delayed flights or the aggravation of misplaced luggage. While these inconveniences are unavoidable when travelling, some credit cards are stepping up to provide a safety net: complimentary travel insurance.

Such services are especially useful for frequent travellers, such as business executives. Their hectic schedules frequently leave them with little time to navigate the complexities of individual travel insurance programmes. It’s one less thing on their to-do list with a travel credit card that includes insurance.

Things you should know when spending overseas

It is exciting to embark on an international journey. But, amid all the excitement, it’s critical to grasp the dynamics of spending abroad, especially if you’re using a credit card. Here are a few things to keep in mind, particularly if you’re using the best malaysia credit card for overseas spending:

Dynamic Currency Conversion (DCC) Charges: When purchasing in a foreign country, shopkeepers may offer to bill you in your native currency (in this case, Malaysian Ringgit). This may appear convenient, but it frequently comes with an additional expense known as the DCC charge. It’s best to be charged in the money of the country you’re staying in.

Foreign Transaction Fees: Most credit cards charge fees for global transactions. Typically, it represents a portion of the purchase price. Some of the best travel credit cards in Malaysia reduce or waive foreign transaction fees during promotional periods.

Inform Your Bank: Banks monitor credit card transactions to avoid fraudulent activity. Sudden overseas spending can raise a red signal, causing your card to be blocked. Choosing the best Malaysia credit card for overseas spending and informing your bank of your scheduled trip is the wise option to have a good trip experience.

ATM Withdrawals: If you need to withdraw cash with your credit card, be aware that you will most likely be charged a cash advance fee and interest rates. In addition, the ATM you’re using may have its own cost. For ATM withdrawals abroad, it is normally recommended to use a debit card.

Check for Card Acceptance: While many international destinations accept credit cards, some may prefer specific card networks such as Visa, MasterCard, or American Express. Having more than one type of card or extra cash on hand is usually a good idea as a backup.

Exchange Rates: The exchange rates executed by credit card companies may not be the same as market prices. Understanding this will offer you a clearer view of your expenditures and will help you prevent unpleasant surprises when the bill arrives.

Consider Travel Insurance: As previously said, some of the best travel credit cards in Malaysia include free travel insurance. This may be helpful if an unforeseen circumstance arises abroad.

Secure Your Card: Travelling frequently means visiting lively markets or packed tourist attractions, making it critical to protect your credit card. Always store it securely and check in frequently to confirm it’s still with you.

Conclusion

In 2023, there will be a major increase in the products and perks associated with the best travel credit card in Malaysia. As Malaysians have become increasingly adventurous travellers, the necessity for a credit card that matches their travel goals has never been greater. These cards now have many features, ranging from air mile accumulation to full travel insurance and enhanced international transaction benefits. They’ve evolved from being merely payment instruments to essential travel partners. Choosing the best travel credit card in Malaysia is more than simply purchases; it’s also about smooth global excursions. As we look at the best cards for 2023, remember that the correct card may boost your travels, providing both financially savvy and unmatched experiences.

If you’re interested on finding other best credit cards, you can visit our Best Credit Card in Malaysia 2023 page.

**Disclaimer: This article is only offered for general informational reasons and is not meant to cover all facets of the subjects it addresses. It is not meant to be taken as advice you should rely on. You must seek expert or professional advice before acting or refraining from acting based on the information in this publication. The content in this publication does not represent professional advice from Wise Payments Limited or its affiliates in law, taxes, or other matters. A comparable outcome is not always assured by past performance. We give no assurances that the information in the publication is accurate, full, or up to date, either explicitly or implicitly.

Frequently Asked Questions