Best Cashback Credit Cards in Malaysia 2026
Cashback cards put money straight back in your pocket on everyday spending. The best Malaysian cashback cards offer up to around 5–8% on categories like petrol, groceries and dining — often with no annual fee. Below are the top cashback cards ranked by their headline rate and overall value.
35 cards · ranked by overall value
Up to 10% cashback on petrol, groceries, dining & Grab (cap RM15/category/mo)
Up to 5% cashback on petrol & groceries (capped RM30/mo)
5% weekend cashback on all purchases except government bodies & utilities
5% cashback on online spend, contactless & grocery
15% cashback on petrol, groceries & dining (min RM2,500/mo spend, capped RM40/mo)
Up to 12% cashback at PETRONAS/Setel (RM4,000+ statement balance; 6% below that), capped RM60/mo
12% cashback at Shell stations (capped RM30/mo)
No-frills: no annual fee & 10% cashback on finance charges
Up to 10% cashback on 6 everyday categories (Islamic)
10% cashback on groceries, dining, online & public transport (capped RM10/mo each)
10% online + 5% e-wallet cashback for digital spenders
8% cashback on petrol at PETRONAS (capped RM50/mo)
8% cashback at PETRONAS stations (capped RM30/mo)
8% cashback on dining, groceries & online spend (capped RM30/mo)
Up to 8% cashback on spend at sustainable merchants (capped RM80/mo)
8% cashback on petrol, groceries & e-wallets (capped RM15/category/mo)
Up to 8% cashback + global lounge access (Islamic)
Up to 6% cashback on domestic, overseas & online spend (RM3,500+/mo)
Up to 6% cashback on domestic, overseas & petrol spend (RM3,500+/mo)
5% cashback at Petron stations (capped RM30/mo)
Up to 5% cashback on petrol, dining, utilities & groceries (10% online) — capped RM10/mo each, needs RM2,500+/mo spend
5% weekend cashback on all purchases except government bodies & utilities
Up to 5% cashback on dining, shopping & entertainment (capped RM30/category, max RM90/mo)
Up to 5% everyday cashback with free takaful (Islamic)
Up to 5% unlimited cashback on all retail spend
5% Cash Back on petrol & groceries everyday (capped RM88/mo)
Up to 3% everyday cashback, low income entry (Islamic)
3% contactless cashback for everyday spend
Up to 3% Great Eastern insurance rebate + tiered retail spend rebate
Affordable Islamic Platinum with cashback + takaful
1% overseas cashback + RM2m travel insurance
Lifetime-free Islamic Infinite with lounge access
0.3% unlimited Cash MegaBonus on local retail spend
0.2% unlimited rebate on AIA premiums + 0.1% on other retail spend
0.2% unlimited Cash MegaBonus on every Ringgit spent, local & overseas
How we rank these cards
We shortlist cards relevant to cashback and order them by overall value — headline reward rate, the breadth of benefits, and how accessible the income requirement is — with featured cards surfaced first. Rates and promotions are indicative and time-limited; always confirm the latest terms with the bank before applying. Not financial advice.
Cashback credit cards — FAQ
Which cashback credit card has the highest rate in Malaysia?
Several cards offer up to around 5–8% cashback on specific categories such as petrol or e-wallet reloads, usually with a monthly cap. The best card depends on where you spend most — compare the rates and caps in the list above and match them to your top categories.
Is a cashback card better than a rewards points card?
Cashback is simpler and works for everyone — you get a direct rebate with no need to redeem points. Points and miles cards can give more value per ringgit, but only if you actively redeem them. If you want hassle-free savings on daily spending, cashback usually wins.
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