We Computed the Real Miles-Per-Ringgit for Every Air Miles Credit Card in Malaysia (2026)

"10x points," "5x TreatsPoints," "12x UNIRinggit" — none of it means anything without the conversion ratio, and every bank buries a different one. We pulled the official table for every card and did the division: how many air miles does RM1 of ordinary local spend actually earn? One number, every bank, equal footing.

Why "10x points" tells you almost nothing

• The multiplier is only half the sum. 10 points/RM1 beats 1 point/RM1 — unless the 10-point card needs 24,000 points per 1,000 miles and the 1-point card needs only 6,000. Do the division; the "worse" card wins.
• Ratios move without the headline rate moving. HSBC Visa Signature's points-per-ringgit is unchanged, but its Enrich ratio got pricier on 1 April 2026 — 24,000 points per 1,000 miles, up from 21,000. Fewer miles per ringgit, same advertised rate.
• Some banks just don't publish it. No official ratio exists for — so those stay blank rather than borrowing a number from a blog that can't verify it either.

The ranked list

Miles per RM1 of ordinary local retail spend — not a bonus category. Full detail, live, on our air miles page.

Fee changes the calculus

The top of the table skews metal and invitation-tier — RM3,000/yr fee, RM150k+ income. If your spend won't earn that fee back in extra miles, it's not the card for you. Best no-fee rate: Hong Leong Infinite Credit Card at 0.17 miles/RM1 — run your own numbers on the miles calculator.