Maximize Your Savings: Choosing the Best Petrol Credit Card in Malaysia (2024 Edition)

Hey Petrol Drivers and Campers!

Have you felt the pump pumping lately?

Fuel prices seem to be on a roller coaster and keeping your gas tank full without burning your wallet can be a real struggle.

But don't worry, there is one way to combat rising fuel costs - by using a credit card that rewards you for visiting gas stations!

That's right, if you have the right fancy plastic in hand, you can earn cash and other rewards with every load.

But with so many gas credit cards on the market, choosing the perfect card can feel like navigating a blind alley.

Don't worry, we're here to be your trusted guide and help you find the perfect card to suit your driving habits and spending style?

Payback rate: This is the golden goose!

This is the percentage of your spend that you earn back as a reward.

So, if the card offers 5% cashback on petrol, you get RM5 for every RM100 you pump.

Monthly limit: this acts as a safety net for the bank and limits the total amount of cash reward you earn per month. Let's say your card has a 5% cashback but a limit of RM50. Even if you spend RM1,000 on petrol, the cash back will not exceed RM50.

On Your Way: Best Petrol Credit Cards For Malaysians

Now that you have this information, let's take a look at some of the hottest petrol credit cards in Malaysia (June 2024):

1. Versatile: Citi Cash Back Card

Cash: 5%

Monthly Limit: RM15

This card is loved by many for its simplicity.

Get flat 5% cash back on all your gas purchases, regardless of station or fuel type.

Although the monthly limit may seem low compared to others, it is perfect for daily drivers whose gas consumption usually does not exceed RM300 (the minimum amount required to get cash back).

Plus, you can get cash back through other categories like groceries and bills, making it a versatile option.

2. AEON Big Spender: AEON Big Visa Gold Card

Cash: 5% (Weekends Only)

Monthly Limit: RM25 (Petrol)

Calling all AEON Big Enthusiasts!

This card is your best friend when it comes to shopping and saving gas.

It offers a cool 5% cash back on weekend gas purchases, which makes grocery shopping a premium.

But wait, there's more!

You can also earn cash back when you pay for Wave at AEON supermarkets and shop online.

If you're a loyal AEON Big shopper who plans your spending carefully, this card can earn you the most cash back.

Just remember that petrol reward is only valid on weekends.

3. High Roller: CIMB Petronas MasterCard

Monthly limit: 3% (statement balance above RM3,000) or 7% (statement balance below RM3,000)

Monthly limit: RM50 n

Calling all big spenders!

This card has the highest possible cash back on this list at a whopping 7%.

However, there is a catch – you must have an account balance of more than RM3,000 per month to qualify.

Let's face it, this card is perfect for those who use their credit card frequently for a variety of expenses, not just gas.

Also, this is only for Petronas stations, so keep that in mind.

4. Calculated Driver (with loot): AmBank CARz Gold Visa Card and AmBank CARz Platinum MasterCard

Cash: (Gold) 3% (Minimum Payment) or 2% (Full Payment) and (Platinum) ) 5 % (Minimum Payment) or 2% (Full Payment)

Monthly Limit: (Gold) RM50 and (Platinum) RM80

These AmBank cards offer tiered earning structures.

You'll get a higher percentage of your cash back if you only pay the minimum amount with your credit card.

But here's the shocking thing - credit card interest rates are notoriously high (around 15% on these cards).

While you might get more money, the interest you pay on the remaining balance can easily outweigh the benefits.

Unless you really are.

Pump Up Your Savings: Find the Best Petrol Credit Card in Malaysia (2024)

Feeling the pinch at the pump? Beat rising petrol costs with a credit card that rewards you! This guide explores top options in Malaysia (2024) - from all-rounders to high rollers. Discover cashback rates, monthly caps, and hidden catches to find the perfect card for your driving habits and save money!