HSBC Amanah MPower Platinum Credit Card-i
8% cashback on petrol, groceries & e-wallets (capped RM15/category/mo)
Apply for HSBC Amanah MPower Platinum Credit Card-i →Last updated 21 September 2026 · Reviewed by Raymond, Rates.my
HSBC Amanah MPower Platinum Credit Card-i overview
The HSBC Malaysia HSBC Amanah MPower Platinum Credit Card-i is a Platinum-tier Visa cashback card built around cashback. 8% cashback on petrol, groceries & e-wallets (capped RM15/category/mo). It best suits high-income earners, with a minimum income requirement of RM102,000 a year. It has an annual fee of RM240 (free 1st year, then waived with rm6,000/yr spend (else rm240)). Standout perks include a Shariah-compliant structure.
Features & benefits
- ✓8% cashback on petrol, groceries & e-wallets (RM15/category/mo, needs RM2,000/mo spend)
- ✓0.2% cashback on all other spend
- ✓100% Shariah-compliant structure
- ✓Annual fee waived 1st year & with RM6,000/yr spend
Is the HSBC Amanah MPower Platinum Credit Card-i worth it?
The HSBC Amanah MPower Platinum Credit Card-i is best suited to high-income earners — its minimum income requirement is RM102,000 a year (about RM8,500 a month). As a cashback card, it works best for everyday spenders who want straightforward rebates on categories like petrol, groceries and dining.
- +Annual fee waivable (free 1st year, then waived with rm6,000/yr spend (else rm240))
- +Up to 8% cashback on best islamic cashback
- +Shariah-compliant — no conventional interest (riba)
- −RM240 annual fee unless the waiver condition is met
- −Cashback capped at RM15 a month
- −Top cashback applies only to specific categories (best islamic cashback)
- −Higher income requirement — RM102k a year
- −Like any credit card, finance charges apply if you don't pay the balance in full each month
Cashback at a glance
Small RM15/month cap — you'll hit the ceiling quickly. The maximum is the published monthly cap; actual cashback depends on the exact eligible categories, exclusions and minimum-spend terms — confirm the fine print below before you apply.
Eligibility & how to apply
Requirements are general guidance — HSBC Malaysia sets the final approval criteria. Confirm current terms before you apply.
The fine print, decoded
The catches most people miss on the HSBC Amanah MPower Platinum Credit Card-i, in plain language — so nobody gets caught out. Always confirm against the official terms.
- What's excluded
- No Cash Back (base or bonus) on: fees/charges per HSBC's Tariff & Charges and applicable tax; Cash Advance, Balance Transfer Instalment, Card/Cash Instalment Plan, Balance Conversion Plan; bill payments via Internet Banking; JomPAY and FPX transactions; and petrol-station, government, charity/non-profit or quasi-cash transactions (MCC 5541/5542, 9211/9222/9223/9311/9399/9402/9405, 8398/8641/8651/8661, 6050/6051). Petrol MCCs are excluded from the base 0.2% tier only because petrol has its own separate bonus rate instead.
- Min spend to earn
- RM2,000/mo combined principal+supplementary spend for the full 8% bonus rate; below that, the bonus categories step down (not to zero) — Petrol 1%, Groceries 0.8%+0.2% base=1%, eWallet 0.8%+0.2% base=1%. The 0.2% base rate on 'all other Eligible Spend' applies regardless of this threshold.
- How the cap works
- 3 separate bonus categories (Petrol MCC 5541/5542; Groceries at Giant/Lotus's-Tesco/Aeon Big/Mydin only, MCC 5411/5499; eWallet reload/top-up via SamsungPay/GrabPay/Touch 'n Go/FavePay) each capped RM15/month independently — not combined, so max bonus cashback is RM45/month. The 0.2% base cashback on all other Eligible Spend (and on grocery/eWallet spend beyond each RM15 cap) is explicitly uncapped.
- Foreign transaction fee
- Converted at the Visa/Mastercard International rate on the conversion date plus a 1% foreign currency conversion cost, plus any transaction fee Visa/Mastercard charges — per HSBC Amanah's general Credit Card-i Product Disclosure Sheet, which names this card in its fee table.
- Fee waiver
- Free 1st year; from year 2, waived with RM6,000/yr retail spend (effective 1 Sep 2025 criteria, supersedes an older RM2,000+12-transaction rule; excludes cash advances, instalment plans, fees/charges and disputed transactions). Supplementary card annual fee is RM120 (vs RM240 principal).
- ⚠e-wallet spend is a reward-EARNING category here (part of the 8% bonus tier), not an exclusion — don't confuse with other cards that exclude e-wallet reloads entirely
- ⚠Shariah contract: Tawarruq via Commodity Murabahah (two linked sale/purchase contracts) — Effective Profit Rate on retail purchases tiers 15.0%/17.0%/18.0% p.a. by prompt-payment history
Verified 12 August 2026. Summarised in our own words from HSBC Malaysia's published terms — indicative only, and terms change. Read the official document before you apply.
📄 Official HSBC Amanah MPower Platinum Credit Card-iterms & product disclosure →HSBC Amanah MPower Platinum Credit Card-i FAQ
You need a minimum annual income of RM102,000 (about RM8,500 a month). HSBC Malaysia also considers your overall credit standing.
The annual fee is RM240, but it can be waived: free 1st year, then waived with rm6,000/yr spend (else rm240).
It earns up to 8% cashback on best islamic cashback, capped at RM15 a month. 8% cashback on petrol, groceries & e-wallets (capped RM15/category/mo).
Yes — it is a Shariah-compliant card-i, which avoids conventional interest (riba) and instead uses a Shariah-approved fee structure.
It's a good fit for high-income earners who want cashback — its main draw is "8% cashback on petrol, groceries & e-wallets (capped RM15/category/mo)". Weigh the RM240 annual fee against how much you'll earn back. Compare it with the related cards below before applying.
See how the HSBC Amanah MPower Platinum Credit Card-i compares
This card features in our ranked shortlists — compare it against the best in each category:
Rates, fees and promotions are indicative and time-limited — always confirm current terms with HSBC Malaysia before applying. Not financial advice. Rates.my is an independent comparison site, not affiliated with or endorsed by HSBC Malaysia; card names and logos belong to their respective owners. Spotted an error or need a correction or takedown? Contact Raymond at raymond@rates.my.