What Is The Best Cashback Credit Card For Online Shopping In Malaysia?

Last updated: 21 February 2023

We’re all used to cashback credit cards for petrol, groceries, dining, and the like. But as more and more Malaysians transition to doing their shopping online, it only makes sense to optimise our spending with the best cashback credit cards for online shopping.

This particular category of spending has seen many banks offering competitive products since the first time we published this post, so this list will be regularly updated to feature the best ones available. Of course, the best credit card here can be a mix of a few of them by using multiple cards where possible, but we’ll share some strategies towards the end of this piece.

Methodology – How We Curate The Cards In This List

With a huge amount of cashback cards available in Malaysia, we rely on several important criteria to ensure that only the best cards make it to our recommendations list.

1) Spending requirements

A popular trend among banks is having spending requirements to be eligible for cashback. Some require a minimum spend per transaction, while others have a minimum monthly spend to unlock cashback.

We believe that a card with no spend requirements with the same effective cashback rate is the better option (all else equal).

2) Effective cashback rates

With many cashback cards today offering tiered cashback rates, calculating the effective cashback rates (based on their “best”/highest cashback tier) is a better indicator of the potential returns cardholders can get.

For example, a card that offers 12% cashback may sound appealing, but if the 12% rate is only unlocked upon a minimum spend of RM2,500 and capped at RM50, its effective cashback rate is actually 2%. We would rate another card offering 5% cashback with no minimum spend requirement capped at RM50 as a better option, since its effective cashback rate is higher at 5%.

Of course, this is subject to the individual cardholder’s spending pattern, but from our perspective, the higher the effective cashback rate, the “better” the card.

Where applicable, we will display the card’s effective cashback rate.

3) Annual fees & waiver policies

Annual fees can and will eat into the total cashback earned throughout the year, so we prioritise cards that have zero annual fees as well as those with waiver policies that are easily achievable (such as 12x spending annually or 1x spending per month).

Thus, if two cards are equal in every way other than their annual fees, we will recommend the one with zero annual fees or the one with the more lenient waiver policy.

Our curated list!

So, with that out of the way, here’s our recommendation list for the best cashback credit cards in Malaysia for online spending. Note that this list is not ordered or arranged in any way.

Maybank 2 Gold/Platinum American Express

Cashback:
5% on all weekend spend; capped at RM50/month
Minimum income requirement:
RM30,000/year (RM2,500/month)
Annual fee:
Free for life

The
 Maybank 2 Cards
 come in a pair: the Maybank 2 American Express (Amex) and the Maybank 2 Mastercard/Visa. The Maybank 2 American Express is a cashback card that offers 5% off on all weekend spend, including online transactions. On weekdays, cardholders earn 5 TreatsPoints for every RM1 spent (which is equivalent to 1% in effective cashback if you redeem a RM50 Aeon voucher).

It used to be that Amex cards are not as widely accepted as Visa and Mastercard, but for online shopping in Malaysia, this is no longer the case. The biggest e-commerce platforms – Lazada, Shopee, and Zalora – all accept Amex cards, so you can now take advantage of the regular promos and vouchers available on those platforms and earn an extra 5% cashback just by using this card! You’ll hit the maximum RM50 cashback with RM1,000 in spending.

One reason why the Maybank 2 Amex is a genuinely useful credit card is because of its lack of minimum spend requirement to unlock the cashback, which is quite rare for cashback credit cards today. Both the
 Gold
 and
 Platinum
 variants are free for life, but the Platinum comes with travel insurance benefits, so get the Platinum if you earn more than RM60,000 per annum.

Affin Duo Visa

Cashback
: 3% cashback on e-wallet (RM50 sub-limit), online, & auto-billing; capped at a total of RM50 or RM80 per month, depending on your previous statement balance
Minimum income requirement
: RM24,000/year (RM2,000/month)
Annual fee
: RM75, waived with 12 transactions in a year

Another favourite, the
 Affin Duo
 is yet another dual-card combo that aims to offer better value for cardholders. The Affin Duo Mastercard is a rewards points card that offers modest returns, but the Affin Duo Visa’s cashback features makes it one of the best cashback cards in Malaysia.

While it offers a relatively lower cashback rate at 3%, the generous RM80 cashback cap means you’ll earn cashback for up to RM2,667 in spending. However, note that there is a condition to unlock the RM80 cashback cap; you’ll need to maintain a
statement balance of RM3,000
 – we explain this in detail
 in this article
. Meanwhile, for those of you who use this card to top up your e-wallets (as online transactions – which we will discuss more in a later section “Double dip using e-wallets”), do be aware that there is also a recently introduced
sub-limit of RM50 on cashback that you can earn through e-wallet top-ups
.

Combine this generous cashback rate with practically zero annual fees and an income requirement that’s low enough for fresh graduates, the
 Affin Duo cards
 are a worthy addition to anyone’s wallet. Do note, though, Affin Bank has recently announced that it is revising the cashback cap for Affin Duo Visa to
RM50 or RM30
 – although this is only set to take effect on 12 March 2023.

Public Islamic Bank Visa Platinum Card-i

Cashback
: 4% cashback on online and overseas, capped at RM30/month
Minimum income requirement
: RM40,000/year (RM3,333/month)
Annual fee
: RM333 (first year free), waived with 12 swipes per year

Revamped
 in 2021
, the Public Islamic Bank Visa Platinum Credit Card-i offers a rate of 4% cashback for online transactions. With a monthly cashback cap of RM30, this means you’ll earn cashback  for up to RM750 spending.

Essentially, the
 Public Islamic Bank Visa Platinum
 is a pretty straightforward cashback card with no tiered rates and no minimum spend requirements. With an easily achievable annual fee waiver policy and a relatively low income requirement, this is yet another solid cashback credit card for online spending.

UOB YOLO Visa

Cashback:
5% cashback for online (including e-wallet, but with a sub-limit of RM15), dining, and contactless transactions; capped at RM30/month
Minimum income requirement:
RM36,000/year (RM3,000/month)
Annual fee:
RM90 (first year free), waived with 12 swipes per year

The
 UOB YOLO Visa
 has some requirements that you must meet in order to earn cashback, though they are fairly straightforward: to unlock the 5% cashback, you are required to spend a minimum of RM600 per month (which also gives you the effective cashback rate of 5%). This requirement is actually new, following a
 recent revision by UOB in April 2022
; prior to this, UOB YOLO cardholders were required to make a minimum of 5 transactions of at least RM15 instead.

Besides that, there’s actually one other unspoken condition to using the YOLO card: do your best to hit the spend requirement with this card as soon as possible (usually within the first few days of the month/your statement cycle). As veteran
 UOB YOLO
 cardholders will know, the allocated cashback pool  for this card is usually exhausted within the first three to four days of the month). For context, UOB used to allocate
 RM120,000 for this cashback pool
, but it has been increased to RM200,000 in the April revision – though from experience, it still runs out within the first few days of the month.

Hence, this card is better suited for those who can commit to spending at the start of the month – some examples can be fixed commitments like bills or recurring purchases. If you prefer something with less hassle, the other cards in this list would be better.

Hong Leong Bank (HLB) Wise

Cashback:
Up to 8% cashback for online (including selected e-wallets), groceries & essentials, petrol, and dining; capped at RM15/category (RM60 in total)
Minimum income requirement:
RM24,000/year (RM2,000/month)
Annual fee:
RM98

The
 HLB Wise card
 did not use to provide cashback for online spend, but following a revision in
 October 2021
, HLB has expanded the card’s cashback categories to include online purchases as well. There are a couple of things to take note, however, if you want to unlock the 8% cashback rate – although they’re nothing too complicated.

First, you’ll need to meet the minimum monthly spend of RM500 to unlock the 8% rate for the four cashback categories. If you do not meet the minimum monthly spend requirement, then you will only earn a measly 0.25% cashback for all spend categories.

Secondly, like the Maybank 2 Amex card, the HLB Wise is also a weekend card. In other words, you must carry out your transactions during the weekend to enjoy the 8% cashback rate. Weekday spends, meanwhile, will only earn 1% cashback.

Finally, the HLB Wise card rewards your online spend with only a selected group of e-commerce platforms and online merchants, including online services and food deliveries. The bigger ones include Lazada, Shopee, Grab, Touch ‘n Go, and Foodpanda – just to name a few.

All things considered, the Hong Leong Wise is one of the few rare cashback cards in Malaysia to offer online cashback in addition to other essential categories, making it a useful card to own.

Maybank Islamic Ikhwan American Express (Amex) Platinum Card-i

Cashback
: 8% cashback on online spend; capped at RM50 or RM100/month
Minimum income requirement
: RM40,000/year (RM3,333 per month)
Annual fee
: Free for life

Maybank
revamped the benefits of its Maybank Islamic Ikhwan Amex Platinum card-i
 back in November 2022, turning it from a rewards points card into a one that offers both cashback and TreatsPoints for selected transactions. Since then, it has quickly become a firm favourite among online shoppers, thanks to its rewarding cashback benefits!

Specifically, the Maybank Islamic Ikhwan Amex Platinum card-i lets you earn 8% cashback on online spend, with a monthly cap of either RM50 (for regular months) or RM100 (for Ramadhan or Syawal months). This essentially means you can earn cashback for up to RM625 or RM1,250 spending – ultimately giving you up to RM700 worth of cashback per year.

On top of this pretty generous cashback cap (without any tiered rates!), cardholders are also not required to meet any minimum spend requirements to enjoy the 8% cashback rate, and the annual fees are waived for a lifetime too. This makes the Maybank Islamic Ikhwan Amex Platinum card-i a straightforward, entry-level card that is just straight up easy to use, and with great perks to boot.

Of course, some cardholders may (again) be immediately concerned that Amex is not as widely accepted as Visa or Mastercard, but remember – you’re earning cashback for online spend! As we’ve mentioned earlier, major ecommerce platforms like Lazada, Shopee and Zalora all accept Amex, which will cover virtually all your online shopping needs.

In addition to the 8% cashback benefit, the Maybank Islamic Ikhwan Amex Platinum card-i is also pushing a green agenda here by rewarding you with 3x TreatsPoints for every RM1 spent at selected eco-friendly merchants (excluding online spend). Additionally, earn up 2x TreatsPoints for other expenses, including petrol, government utilities, and takaful.

How To Maximise Cashback?

Choosing the right credit cards is just the first step. To save even more from your online purchases, here are some strategies:

1) Use multiple cashback cards

As you can see from the list above, cashback cards all have a maximum cashback cap per month. That means you earn nothing after the eligible amount, regardless of how much more you spend. So, owning a few different cards is a useful way to ensure you earn cashback if your monthly spend goes beyond the amount that earns cashback for one card.

For example, if you spend RM1,500 per month on online transactions, you could earn RM75 in cashback by using the
 Maybank 2 Amex
 (weekend only) and the
 Public Islamic Bank Visa Platinum Card-i
, instead of just one or the other, which would earn only RM50 or RM30, respectively.

The goal here is to ensure every ringgit you spend online earns cashback through the cards you own.

2) Prioritise cards with higher effective cashback rates

We talked about effective cashback rates in our methodology, and if you own multiple cashback cards, it also helps you to prioritise which cards to use first.

From our list above, you should look at using the cards with 5% effective cashback first, like the
 Maybank 2 Amex
 and
 UOB YOLO
. You can also prioritise the Maybank Islamic Ikhwan Amex Platinum card-i (no effective cashback rate as the card does not have a minimum spend requirement), but do remember that it can only be used for online spend. When you’ve maximised the cashback rewards on these cards, then use the remaining cards, like the
 Affin Duo
 (between 1.67% to 3% effective cashback rate) and the
HLB Wise
 (3% effective cashback rate for online spend category only, provided you meet the minimum spend requirement of RM500).

That said, it’s also crucial to consider the limitations to your card benefits as you determine which cards to prioritise. For instance, UOB YOLO cardholders may want to consider tapping into this card first due to the limited RM200,000 cashback pool, while HLB Wise cardholders must ensure that they spend at least RM500 on their card in order to be entitled to the 8% cashback rate.

3. Double dip using e-wallets

Many online retailers today accept e-wallet payments, whether it’s their own wallet or third-party options such as Boost, GrabPay, or TNG eWallet. Most popular e-wallets today also accept credit cards as reload sources.

More importantly, though, is that there are a number of credit cards that consider e-wallet top-ups to be “online” transactions, making them eligible for cashback with your credit card. This way, you earn cashback from your credit card
and
 any rewards that your e-wallet may provide.

In our recommended list above, you should remember that Maybank
removed all credit card benefits for e-wallet reloads
 way back in 2019. Public Bank had also taken a similar step in recent times, but only for its conventional cards. As such, you can still currently double dip with the Public Islamic Bank Visa Platinum Card-i (for now).

Aside from that, the Affin Duo, UOB YOLO, and HLB Wise all accept e-wallet top-ups as online transactions, but again, there are caveats to take note of. As we’ve mentioned earlier, Affin Duo recently introduced an
 e-wallet cashback cap of RM50
 (out of the maximum RM80 that can be earned), whereas UOB YOLO caps its e-wallet benefit at RM15 (out of the RM30 allowed for online spend).

Finally, HLB Wise only rewards top-up transactions for a few selected e-wallets, namely Lazada, Shopee, Grab, and Touch ‘n Go (TNG) eWallet.

4. Shop during mega sale days and combo with platform and bank voucher codes

We share this tip in our regular bank promo codes for
Lazada
 and Shopee every mega sale day (9.9, 11.11, etc), and it’s worth sharing here as well. Just like double-dipping with e-wallets, you should take advantage of the bank promo codes offered on Lazada and Shopee to save even more when you’re shopping online.

For example, both Lazada and Shopee offer bank promo codes from a variety of banks, which can go up to RM100 off with a minimum spend of RM1,200 – great for bigger purchases. Plus, Lazada has its fantastic Lazada Bonus, a feature that requires you to collect cash bonuses and offset 10% (usually RM10 Lazada Bonus for every RM100 spend) off your order –
and
 is stackable with bank, platform, store, and free shipping vouchers, so the cashback from your credit card is the icing on the cake!

Save Money Effortlessly

As you can see, earning cashback from your regular spending isn’t difficult at all! And more importantly, the amount you can potentially save through cashback can add up to a considerable amount over the course of the year.

So do try it out for yourself. We hope this guide proves useful for all Malaysians.

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TAGS:

Affin Bank

Affin Duo

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Maybank 2 American Express

Public Bank

Public Islamic Bank Visa Platinum Credit Card-i

UOB

UOB YOLO

About THE AUTHOR

Pang Tun Yau

Pang Tun Yau

A seasoned tech journalist who now focuses on his other passion, Pang is a firm believer in old-school DCA and optimised spending.

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    Anonymous

    2 years ago

Good writeup n with detail explanation.  Many thanks

0

Reply

    Anonymous

    1 year ago

Maybank AMEX card topup to Shopee pay on weekend, does it entitle for the 5% cashback?

0

Reply

    Pang Tun Yau

    1 year ago

    Reply to

        Anonymous

No, it won’t be entitled. From experience, you can’t use Amex to pay bills via Shopee as well.

0

Reply

    Rafi

    1 year ago

Public quantum duo (30+30) and signature (38) is a must have, the public islamic visa is great if you maxed your online spending, followed by maybank petronas visa (50) for petrol and maybank master ikhwan (50) for groceries. On average my cashback is ~RM120 min. That is at least RM14xx per year. To fund my new phone or travelling pocket money

0

Reply

    Pang Tun Yau

    1 year ago

    Reply to

        Rafi

Nice, well optimised!

0

Reply

    Anonymous

    10 months ago

    Reply to

        Rafi

That’s the good old day. PBB already revised the benefits for the quantum duo and visa signature. All the cards discussed in this article are better.

0

Reply

    Anonymous

    1 year ago

why Standard Chartered JustOne card not in count?

0

Reply

    Pang Tun Yau

    1 year ago

    Reply to

        Anonymous

Based on our methodology, the other cards listed here are better for online shopping 🙂

0

Reply

    CSL

    1 year ago

I just successfully applied for PB Quantum card last month.

Looking to apply for Citi bank’s card next.

How long should i wait to apply for another credit card from another bank after being approved?

0

Reply

    Anonymous

    10 months ago

Thanks for this amazing article, especially clarifying how quick the Cashback pool run out for UOB YOLO card. I can ditch the card without any second thoughts now. And one other frustrating point about the YOLO Cashback is that the Cashback you earn for current month will only be credited by the end of the following month. Factoring my UOB credit card statement date being 17th of the month, I won’t see the cashback until 2 months later and it make it hard to track.

0

Reply

    Anonymous

    8 months ago

How about CIMB e CREDIT ya? If I reload 1667 to Tng every 28th of the month, can I earn RM50 cashback?

1

Reply

    Anonymous

    6 months ago

The article is outdated for Affin Duo. Please check.

0

Reply

    Pang Tun Yau

    6 months ago

    Reply to

        Anonymous

Hi! yes we’re aware that there is an upcoming change in the feature of Affin Duo. The last line in our latest update reflects that, and we will update the entire Affin Duo section once the revision is live.

0

Reply

    Tong

    6 months ago

You should also recommend in present widely used UnionPay credit cards, should not just introduce MasterCard, Visa and American Express only. We all now are globalized.

0

Reply

    Pang Tun Yau

    6 months ago

    Reply to

        Tong

We don’t limit our list based on card issuers. If they are deemed good enough based on our criteria, they will be shown here. The few UnionPay cards issued by Malaysian banks aren’t as competitive as the others in this list, unfortunately.

0

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    Anonymous

    6 months ago

For online purchases only? What about offline purchases?

0

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    Pang Tun Yau

    6 months ago

    Reply to

        Anonymous

We have an old article that is in the process of being updated! Stay tuned 🙂

0

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    Ricc

    2 months ago

Hey Pang.

Any recommendation on credit card for salary base from Rm2000 – 2999. which is currently working outstation

0

Reply

    Pang Tun Yau

    2 months ago

    Reply to

        Ricc

hi! it’s hard to recommend specifically for an individual without knowing your usual spending habits etc (also i’m not a financial advisors/planner so i’m not allowed to do that!) best if you looked at some of our credit card roundups and see which of them fits your needs. there’s quite a few cards catered to your income range that are pretty solid, do check them out and see if they’re right for you. hope that helps!

0

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    Anonymous

    1 month ago

Hi Pang, would paying for insurance using credit card be considered online spending?

0

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Hong Leong Swipe and Match Could Win You RM100,000 a Month!

Simply Spend with your Credit Card, then Match and Win.

Hong Leong’s Swipe and Win competition
 is an easy giveaway. If you’ve got a Hong Leong credit card all you need to do is use it to pay for your purchase and check whether the last four digits of the Approval Code on your receipt match the numbers 2013.

If the numbers match, SMS your credit card number to the special Hong Leong shortcode and you’re in the monthly draw to win RM100,000. You can even win more than once!

If nobody wins that month, the prize money rolls over to the next month. Theoretically this means there could be a total prize pool of RM400,000 by the end of February 2013.

Competition runs to 28
th
 February 2013.
Terms and Conditions Apply
.

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How to Make Your Own Pet Food

If you have read our older blog postings, you may have noted that we’ve shared with you before on how inexpensive and healthier it is to make your own food. But what about the food for our pets? How hard can it be to make your own pet food?

And if it is really easier, should owners start cooking up cuisine for their fur friends? The answers to these questions aren’t as straightforward as you may think. In this instance, let’s talk about making meals for man’s other best friend, cats.

Hold On, Why Make Our Own Cat Food in the First Place?

Regular ol’ cat food from the grocery store works well enough and is already pretty cheap. With an average price of RM4.50 (for three packets of cat food) per day, it isn’t any more expensive than buying an extra candy bar every day.

However, store-bought cat food does have its downsides as most of them contain preservatives, artificial colouring, emulsifiers, and stabilisers. In fact, some nutritional experts say that even the natural ingredients in store-bought cat food may not be optimal for your cat’s health.

While this doesn’t mean that cat food is dangerous to consume, some pet owners are vigilant enough to avoid such ingredients in their diet and extend that limit to their pets as well. For these people, preparing homemade cat food is the way to go.

Wait, But is it Actually Cheaper?

No. It costs about the same. In fact, if you’re attentive enough to your cat’s reactions to different types of food and eager to adjust your recipes to their tastes, it might even cost you a bit more on expenses.

Oh… It’s Healthier Though, So That’s Good

Yes, it is. But that depends on how you make your cat food. Remember how we said that even the natural ingredients in cat food may be bad for your cat?

Back in the 1970s
, thousands of cats were mysteriously dying due to a form of heart failure known as dilated cardiomyopathy. It was only until the 1980s did people figure out the culprit: a taurine deficiency. Since then, pet food has been formulated to contain enough taurine for a balanced diet, although this assists in prolonging a cat’s lifespan, it still doesn’t address the issue of kidney failure.

What we’re trying to say here is that even veterinarians working under big multinational pet food companies can still have huge knowledge gaps as far as proper feline nutrition is concerned. That being said, there are a few good rules of thumb to follow when formulating your own homemade recipe for your house cat.

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A Simple Recipe to Get You Started

As we’ve mentioned, cats have their own dietary peculiarities. Just as we humans require our own ratios of fats, carbohydrates, proteins, vitamins, and minerals, so do cats.

We won’t bore you with the details of a cat’s particular necessities, however. If you don’t want to think too much and are just itching to get started, here’s a quick recipe you can throw together to make 3kg (about 100 meals for an average adult cat) of homemade cat food:

Ingredients

2kg chicken thighs with bone.

Ensure that about 20 to 25% of the bone is removed from the total amount of meat used. >Remove the skin from half of the thighs but keep the fat from the meat. Weigh the meat >after you have removed these skin and bone amounts.

200g raw chicken liver

400g raw chicken heart

240 millilitres boiled water

4 raw egg yolks

4g wild salmon or wild caught small fish oil

Steps

Add egg yolks to the water and whisk together

Grind up the meat (you can do this at the shop or with a grinder if you have your own)

Put the meat in a bowl and slowly mix in the liquid prepared earlier

Portion them out for storage

If you are wondering if it is safe to feed your cats raw chicken, here’s a fun fact for you.The short and acidic digestive tract of cats allows them to digest raw meat, albeit preventing them from contracting food poisoning. Having said that, you can still opt to cook the chicken and its giblets prior to serving it to your cats but do note that the cooking process will destroy the taurine content in raw meat.

One IMPORTANT Thing Before Giving it to Fluffy!

We hope you haven’t gone ahead and made the recipe yet. Because before you even buy any of those ingredients and start grinding up your cat chow, you should always consult your local veterinarian first.

Read Also:
The Unexpected Costs of Owning a Pet

Your vet will be able to tell you if the recipe you’ve chosen is good for your cat and also recommend some recipes of their own as well.

Many people are used to giving their pets leftovers of their own food too but this is a major no-no if you want your kitty in optimum health and to live for a longer time.

We can’t stress this enough:
 Do not feed your cat whatever you like without consulting the vet.

What NOT to Give to Your Cat

There are some things you should never ever give your cat as those things might be poisonous, make them sick, or just terrible for your cat in general. Those items are:

Milk
. This looks cute on cartoons but not so in real life: Cats turn milk into diarrhoea. Don’t do this to them.

Onions
. These cause anaemia (red blood cell deficiency) in cats.

Alcohol
. Cats get alcohol poisoning way faster than humans and it’s lethal.

Coffee, Tea, or Chocolate
. Caffeine (in coffee and tea) and theobromine (present in chocolate) are toxic to cats and can make them very ill.

There you have it. If making food for yourself can be a rewarding, cheap, and nutritious experience, you can do the same for your cat too.

Can’t wait to start on your pet-food adventures? Awesome! Here’s a final tip from us to make your meal prep hassle-free and fulfilling: get a credit card. Bid adieu to fumbling through your wallet for exact change when paying for your groceries when you have a credit card in hand. If you’re not sure where to start, our
comparison tool
 will help you to compare and decide. Happy hunting!

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Renee Tan

Renee Tan

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Why You Should Look At Job Listings Even if You Already Have One

Looking at job listings online or taking more than a passing glance at the classifieds section of the newspaper is something we only do in between jobs or when we’re trying to encourage somebody
else
 to look for a new job. We almost never even think about the job market until we’re looking for jobs ourselves. But we think it’s important for everyone to take a look at job listings regularly even if you’re not in the market for a new career move. Why? Plenty of reasons.

To Make Sure Your Skills Are Up to Date

Looking at job listings doesn’t just tell you what positions employers are looking to fill out there, they also show you the kinds of skills most needed by the job market as it grows and changes. Checking up on these skills lets you know what you need to study up on to remain a valuable asset in your company.

Once you identify the new skills that your industry needs, you can make a formal request for paid industry training or make a case for using new tools and methods so you can learn them. When done right, this initiative adds a bullet point to your resume and gets you good brownie points with management too.

To Make Sure You’re Compensated Fairly

If your skills are already on par with your industry peers, why shouldn’t your salary be? Check out what other people in your industry with your job description and experience are offered in compensation and compare that with your own earnings.

If you’re not paid a competitive rate, you can use this information as a bargaining chip the next time you negotiate for a salary boost. You may even find out that you’re worth much more and decide that it might be time to change jobs.

To Expand Your Career Possibilities

Skimming through job listings can also help you figure out your next career move beyond what you’ve initially planned out for yourself. If you’ve been given more responsibilities outside of your expected job scope compared to when you first started for example, you may discover that you’re now eligible for a position you never thought you’d be qualified for.

Opportunities such as this may not even cross your radar if you don’t occasionally scope out the classifieds and see what the industry is looking for. We recommend updating your resume with new skills and accomplishments every year at least and checking out job listings every half a year to keep yourself sharp and effective.

Remember, the best investment you can put your money on is yourself. So don’t forget to keep looking for places and spaces to grow both personally, and financially. Speaking of growth, check out our
fixed deposit comparison tool
 to let your money grow faster than letting it sit idle in your bank account!

Do you have a good reason to look for a new job while already having one yourself? Do share your story with us in the comments section down below!

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Ahmad Mudhakkir

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Maybank Campaigns Offer Daily And Weekly Cashback, And Other Bonus Prizes

Between now until August 2021, Maybank is running several campaigns that allow its customers to win a variety of rewards, including prizes of up to RM100 as well as cashback of up to RM5 (daily) and RM10 (weekly). Depending on the different campaigns, you will be required to carry out specific transactions via selected payment methods in order to earn the rewards.

Here are three campaigns that you can tap into during this period of time:

Scan & Pay 1-SENsation Campaign

Campaign period:
 17 June – 15 August 2021

All Maybank customers who have activated their Scan & Pay feature will be given three chances to win random cashback valued between RM0 to RM100 throughout the whole campaign period. To earn the rewards, they are required to carry out a Scan & Pay transaction of RM0.01 using the special “1-SENsation” QR code provided by Maybank.

According to Maybank, you can either scan the 1-SENsation QR code with your MAE by Maybank2u (MAE) or Maybank2u mobile banking app, or keep a screenshot of the code to upload from your phone’s photo gallery.

Note, though, that the three chances to obtain the cashback are allotted according to the following schedule, so remember to mark your calendar if you are participating:

17 – 30 June 2021 (1x chance)
1 – 31 July 2021 (1x chance)
1 – 15 August 2021 (1x chance)

Maybank further stated that those who wish to join this campaign must ensure that the source of fund for their Scan & Pay feature is set to either their MAE account or Maybank current/savings accounts. Transactions that are funded via credit and debit cards are not considered eligible for the campaign.

All cashback earned via this campaign will be credited into the customer’s account within 7 working days. The total cashback that can be awarded for this campaign is capped at RM1 million.

Head on over to the
Scan & Pay 1-SENsation campaign page
 to find out more!

Scan & Pay Cashback Everyday Campaign

Campaign period:
22 June – 22 August 2021

In this second campaign, Maybank customers will be entitled to a daily chance of earning a random cashback valued between RM0 to RM5 by spending a minimum of RM10 in a single transaction with participating merchants. These payments must also be carried out using the Scan & Pay feature on the MAE app.

As many as 250,000 merchants nationwide are involved in this campaign, encompassing categories such as groceries, pharmacy and healthcare, as well as F&B. Major brands include EconSave, Mydin, Guardian Pharmacy, Starbucks, and McDonald’s.

Similar to the Scan & Pay 1 Sen-sation campaign, you must also set the source of fund for the Scan & Pay feature to either your MAE account or Maybank current and savings account. All Scan & Pay transactions that are funded via debit or credit cards do not count for this campaign.

Additionally, the amount of cashback that is to be awarded will be determined through a randomiser programme, and it will be provided on a first-come first-served basis. Eligible customers who have earned the cashback will be notified via a push notification on the MAE app, and the cashback will be credited instantly into their account.

Maybank has allocated a total of RM2.5 million for this campaign. You can find out more about the
Scan & Pay Cashback Everyday campaign here
.

MAE Cashback Every Week Promotional Campaign

Campaign period:
22 June – 22 August 2021

This campaign gives you the chance to earn weekly cashback rewards of RM10 when you carry out at least two bill payments or prepaid reloads during the week on the MAE app. This is on top of other additional grand and bonus prizes that you can also win when you have performed a specified number of transactions throughout the whole campaign period.

To begin, Maybank customers will stand a chance to win the RM10 weekly cashback when they perform at least two bill payments or prepaid reloads in the same week on their MAE app. Each transaction must come up to at least RM20 in order to qualify for the campaign. Upon meeting these requirements, you’ll then be in the running to win the weekly prize of RM10 cashback.

A total of 4,000 winners will be chosen each week, and all eligible customers are allowed to win up to RM90 cashback throughout the whole campaign period (RM10 x 9 weeks). Note that only direct payments made through Maybank current and savings accounts, as well as MAE accounts are valid for the campaign. Upon winning, the cashback rewards will be credited to you either in August (for winners between 22 June – 31 July) or September (for winners between 1 – 31 August).

On top of the weekly prizes, this campaign also offers several additional grand and bonus prizes when you meet the following criteria:

Category
Prizes
Requirement
Minimum spend
Total number of winners
Grand prize
– Sony PlayStation 5
– iPhone 12 Pro Max
– Shopee voucher
Make 18 bill payment or prepaid reload transactions throughout the whole campaign period (2x transactions per week)
RM20 per transaction
6 winners throughout whole campaign period
Bonus prize
RM1,000 cash
Make 18 prepaid reload transactions throughout the whole campaign period (2x transactions per week)
RM20 per transaction
20 winners throughout whole campaign period

The winners for the grand and bonus prizes will be selected and announced within 60 days after the end of the campaign period, either on Maybank’s official Facebook page or the campaign page. The bank further clarified that customers who have won weekly prizes in this campaign may also be in the running to win either the grand prize or the bonus prize – but not both.

You can find out more about the
MAE Cashback Every Week Promotional Campaign here
!

***

A final note – remember to update your MAE or Maybank2u app to their latest versions before participating in any of the above campaigns! This is because Maybank has stated that only transactions carried out on the MAE app (version 0.6.8) will be accepted.

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Open A HSBC Savings Account/-i & Stand To Win An iPad Air

Among the many different kinds of banking accounts available, savings accounts are some of the most frequently used by Malaysians. Some of the reasons why people open a savings account include the ability to passively earn interest or profit, and having easy access to mobile banking. On top of that, savings accounts in Malaysia are protected by PIDM and most bank accounts also provide a debit card for easy transactions.

A savings account is intended to grow your money while keeping it safe since banks will add interest or profit to your savings. Apart from that, you get easy access to your funds through over-the-counter transactions at the bank, Automatic Teller Machines (ATM) using a debit card, as well as Interbank-GIRO transfers, and Internet banking for bill payments.

One of the leading international banks in Malaysia, HSBC, provides a variety of savings accounts catered to people with different needs. Let’s explore what HSBC/HSBC Amanah Savings Account/-i offers its users.

Complimentary HSBC Visa Debit Card/-i For Easy Transactions

HSBC/HSBC Amanah Savings Account/-i holders will be provided with a complimentary debit card that can be used for daily purchases. Whether you always find yourself shopping online or in stores, having a debit card makes for easy and convenient transactions. Having a debit card is also helpful for those who always find themselves without cash or simply prefer cashless transactions.

On top of that, having a debit card gives you access to perform cash withdrawals at ATMs and selected point-of-sales. Being one of the global banks, having a HSBC debit card may also be well utilised internationally, especially for frequent travellers.

Special Discounts & Offers Nationwide

Enjoy plenty of exclusive deals and privileges with a HSBC/HSBC Amanah Debit Card/-i. Special discounts and exclusive offers await you at more than 2,000 food and shopping outlets nationwide. To reap the rewards, just complete your purchase with your new HSBC/HSBC Amanah Debit Card/-i.

Low Initial Deposit Of RM20

For those looking for an easy entry savings account, you’ll be pleased to learn that HSBC/HSBC Amanah Savings Account/-i only requires a low initial deposit of RM20 to have the account up and running.

Easy Access With 24/7 Mobile Banking

Like other bank accounts, account holders will get to enjoy all-day mobile banking on their smartphones and electronic devices. Check account balances, perform transactions, pay bills, and monitor monthly statements from anywhere, anytime via the HSBC Malaysia Mobile Banking app, which is available on the Apple Store and Google Play Store.

Earn Daily-Calculated Interest Or
Hibah

Depending on whether the account subscribes to a conventional or Shariah-compliant concept, account holders have the opportunity to passively profit or earn interest from. HSBC/HSBC Amanah Savings Account/-i is no different. In fact, with HSBC/HSBC Amanah Savings Account/-i, interest or hibah are calculated daily and paid half-yearly.

Apple iPad Air and Cash Reward Up For Grabs

Want to receive an RM30 cash reward and stand a chance to win an iPad Air? Simply follow the steps below:

Apply for an account online and complete your account opening application.
Download the HSBC Malaysia mobile app.
Register for HSBC Malaysia online banking and log in to the HSBC Malaysia Mobile App within thirty (30) calendar days from the account opening date.
Perform 5x transactions with a minimum spend amount of RM20 per transaction within 45 calendar days from the account opening date.
The first 6,000 eligible new-to-bank customers will get RM30 Cash Reward upon fulfilling the criteria above.

Besides the RM30 cash reward, every RM1,000 deposit of monthly average balance will earn you an entry to win an iPad Air Model 2022* too! From now until 30 Sep 2022.

*Terms and conditions apply.

Start your journey with HSBC by clicking on the link below:

Open a Basic Savings Account

Open a Basic Savings Account-i

***

For those in search of an easy entry savings account, HSBC Savings Account/-i is a straightforward, no-frills savings account suitable for those who may have just started their financial journey. Account holders will earn interest or hibah while having their savings kept secure, have 24/7 access to their account via mobile app, as well as get to enjoy special discounts and offers.

For more information on HSBC Savings Account, click
here
 to visit the website.

If you’re interested in HSBC Amanah Savings Account-i, click
here
 to learn more.

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Lisa Ameera Azman

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Watch Out for These 6 Hidden Hotel Charges

Vacations are wonderful things to have. In fact, you’ve probably just returned from one during the long Raya weekend. Of course, all that fun comes at quite a price.

Vacations are expensive enough even without the hidden charges but they can be even more so if you start booking without checking.

Here are a few veiled hotel fees you may have missed in your vacation budgeting.

1. Service Charges

If you ever receive a too-good-to-be-true room rate, don’t be on cloud nine just yet. Clarify with the hotel if other service charges apply. Depending on the package, room or hotel you have chosen, the price you were quoted may not include the extras.

Few hotels state the nett price of a room and hotels usually have a standard service charge of 10-15% that applies.

Beyond the usual service charge, there are other specific charges that may apply depending on the hotel. Here are a few hotel services that may burden you with additional fees:

Telephone surcharges (both incoming and outgoing);

Laundry, ironing and shoe polishing fees;

Gym fees;

Housekeeping fees.

Whilst some hotels may not charge you on certain services listed above, some hotels do. Certain hotels even impose charges for storing your own food inside the mini bar, despite not consuming food and drinks from it. It’s best to double check with the hotel receptionist/concierge before getting slapped with a big fat bill.

2. Add-on Breakfast

If your room rate comes with a complimentary breakfast for two; great but what if it doesn’t? Many people hit the booking button on a super low rate only to find that the charge is sans breakfast.

The meal is then priced at perhaps RM40-RM50 extra per person that in the end pushes your room rate up quite a bit. This ploy is often used to make the room rate look more attractive compared to the competition.

Always ask the hotel if breakfast is included and then compare your room only price with the full package to see if you’re really getting a deal. There’s certainly no harm in choosing to find your own breakfast but it may actually save you money to take the hotel option if you’re in a country with an unfavourable exchange rate.

3. Mind the Peak Season Trap

Room rates are usually at a sky high price during peak seasons. But peak seasons can be different in every country. Sometimes, the season will vary even within different parts of country.

The increase in rate is also never announced and it is assumed that you will do your own homework. If you really want to save on your hotel fee, research peak seasons in the place you are visiting and follow up with a call to the hotel to confirm.

If you have no choice but to go at that time, then early booking is the best option. You can make full inquiries on the hotel’s amenities before booking, so that you have time to evaluate the most reasonable hotel for your stay.

Tip: Be sure there is an option for cancellation as early booking may come with the risk of you changing plans.

4. Be Wary of Travel Agency Fees

Middlemen booking you a hotel room usually always mean extra fees and higher prices but can that still be said today? Travel agents have become much more competitive and some even have insider deals with hotels that only they can offer.

Be wary of added travel agent fees but don’t dismiss the idea outright. Again, comparison will help you. If you’ve been quoted a package price by your agent; check how much it would be if you were to book your trip without their help.

You will then be able to decide if the agent intervention is worth it.

5. Parking Fees

Whilst valet/on-site parking is very much convenient, the fees can go up to RM30–RM50 per day at Malaysian hotels. The first thing to do is ask the hotel if they have fixed or preferred rates for those staying in the hotel.

Most hotels will give discounts and sometimes even make parking complimentary if you’re actually staying there. Of course, you won’t know this if you don’t ask.

If of course there is no such promotion rate and the parking fee sounds like an additional room for your car; consider leaving the vehicle at home. You can always reach your accommodation and vacation locations via public transport.

6. Hotel Transportation

Whilst a majority of Malaysian hotels offer free shuttle services to airports and certain tourist spots, some charge much higher rates than cabs for your transportation needs.

Taxis are also readily available at your hotel entrance 24 hours a day, but it’s best you call a metered taxi, or travel even more economically via trains or buses.

If you are overseas, Google out the country’s metered taxi service contact numbers or find out what is the most economical mode of transport to travel in that country.

Making the Most of Your Stay

Even if you’ve done all the necessary checking; some fees are unavoidable. Some may consider it a small price to pay for added convenience on their vacation.

Whatever you choose to do and wherever you decide to stay, maximise the price you are paying by making use of the amenities, services and meal offerings.

You could also opt to get more discounts and freebies by using a good credit card. Many
travel credit cards
 offer hotel booking promotions and hotel deals if you pay using the card.

Why not get all the convenience, additional services and freebies for a lesser price?

Tip: Call up your bank for a full list of benefits awarded by your credit card. You never know; you may have
free travel insurance
,
lounge access
 or concierge service too.

Know more hidden fees in hotels? Do share them in the comments section, we would love to hear them.

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Heeral Bhatt

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Banks Submit Counter Proposal To Government’s Interest Waiver Directive On Moratorium

(Image: The Malaysian Reserve)

Malaysian banks have drafted a counter proposal in response to an
earlier directive made by the government to waive the interest fee
 for selected borrowers tapping into the ongoing loan moratorium, according to a report by The Edge.

The report further adds that the proposal has been submitted to the relevant authorities. The executive director of the Association of Banks Malaysia (ABM), Kalpana Sambasivamurthy only said that the association is currently engaging and working with the relevant authorities. “Further communications will be issued in due course,” she said.

A banking analyst attached to a foreign research house commented that the proposal is an “interesting” development when contacted by the news site, adding that this indicates that banks are looking for a middle ground. “One of the issues during the implementation of the blanket loan moratorium last year were opportunistic borrowers. Should the interest waiver be given, banks will want to ensure they are assisting genuine borrowers who need it, rather than opportunistic ones,” said the analyst.

Additionally, the analyst also suggested that instead of agreeing to offer a blanket waiver for a specific group (as recommended by the government), the banks may likely propose a waiver that is targeted at borrowers who can prove their genuine need for help. This includes enrolment in a system that supports their claims, such as through the Credit Counselling and Debt Management Agency (AKPK).

At present, the loan moratorium is
not interest free
, although compounded interest and penalty charges incurred are both exempted. If the government’s directive is carried out, this full waiver (of interest fee, along with compounded interest and penalty charges) will take place for a period of three months in the fourth quarter of 2021.

Meanwhile, BNM itself had earlier cautioned that offering interest-free loan moratoriums could have
long-term significant impact
 moving forward. Banks, for instance, will have to refrain from lending to conserve financial buffers, especially with higher credit losses still expected to emerge. Additionally, their credit ratings may also be downgraded to reflect weaker future earnings, making it more expensive for banks to raise capital. The higher cost, in turn, will be passed on to future customers.

(Source:
The Edge Markets
)

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Should the Data Upgrade From Maxis Affect Your Phone Plan?

In the recent weeks, telco (telecommunications) giant Maxis has been under a lot of flak from angry netizens who have taken their frustrations directly onto the internet. They accused Maxis of having preferential customers as well as having uncompetitive rates.

This public relations nightmare has forced Maxis’s hand to not only apologise to their existing customers, but to actually offer a better temporary package to compensate their existing customers and protect their revenue base from being ported out to the competitors.

They have since mentioned that they had packages in the works but are not prepared for its full roll out. In the mean time they are providing an
additional 3GB data
 for all their customers on MaxisOne plans.

If you were a Maxis subscriber would it be wise to stick around till they have a new offering or would it better to port out? On that same note, is the temporary 3GB of additional data a sign of things to come and time for others to port into Maxis instead?

Here are some comparisons of the telco companies mobile data current offerings for individual users (excluding business and family plans):

Plans RM 50 and Below

Service Provider

Price

Mobile Data Quota

Digi Postpaid 28

RM28

1GB

U Mobile – U28

RM28

3GB

Celcom – First Blue Internet

RM45

2GB (Additional 2GB Weekend Data)

Celcom – First Blue

RM45

2GB (Additional 2GB Weekend Data)

Maxis GO plan

RM48

1GB (Additional 1GB 2am-7am)

Digi Postpaid 48

RM48

3GB

Plans from RM51-RM100

Service Provider

Price

Mobile Data Quota

Digi Postpaid 68

RM68

6GB

U Mobile – P70

RM70

7GB (additional 8GB data is a promotion till 31st December 2016)

Digi Postpaid 78

RM78

7GB

Digi Postpaid 80

RM80

7GB (additional 3GB weekend data)

Celcom – First Gold

RM80

5GB (additional 5GB weekend data)

MaxisONE plan 98

RM98

1GB + 3GB (temporary additional data)

Digi Postpaid 98

RM98

10 GB

Celcom – First Gold Internet

RM100

6GB (additional 4GB weekend data, 12GB from 1am -7am)

Plans from RM101 and above

Service Provider

Price

Mobile Data Quota

Digi Postpaid 128

RM128

9GB

MaxisONE plan 128

RM128

3GB +3GB (temporary additional data)

Digi Postpaid 148

RM148

14GB

Celcom – First Platinum

RM150

9GB (additional 9GB weekend data)

MaxisONE plan 158

RM158

5GB +3GB (temporary additional data)

MaxisONE plan 188

RM188

8GB +3GB (temporary additional data)

Digi Postpaid 238

RM238

20GB

Rates obtained from:
Maxis
 ;
Celcom
 ;
U Mobile
 ;
Digi

We are well aware that picking out a plan goes beyond just pricing. It of course depends on coverage area, quality of service, data speed, etc.

With the growing need for mobile data and strong competition, rates have been gradually decreasing over the years. If you think there is a better package being offered by a different service provider you would like to try, you could give it a shot and switch to any of the packages mentioned above. Should you find the line unsatisfactory, you could always port back to your original service provider.

As an average consumer many of us get comfortable with our mobile plan and service provider. More often that not, we end up maintaining an outdated plan as it is always the convenient option to just keep paying the monthly payments without researching if there was anything better in the market you could benefit from.

Since we have taken the liberty to do the mobile data portion of research for you in terms of internet quota and price, feel free to take advantage of the offerings currently in the market and port over if necessary to receive better value. While we’re on the topic, do check out our list of
best mobile broadband plans in the country
.

Have any recommendations or stories to share with us concerning our discussion up top? Feel free to leave them in the comments below.

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Gavin Pereira

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Tips on Managing Payroll For Your Small Business

To continue our series of articles where we talk about how to manage and handle your SME business, this time we’ll be talking about payroll.

Once your SME is large enough that you have to start hiring staff to work for you, you now have a unique challenge on your hands, and that’s the challenge of managing their pay. This includes handling taxes, deductions, bonuses, claims, and a bunch of other things as well. If all that sounds little too overwhelming, we’ve broken in down to these manageable items:

Figure Out if You’re Paying a Salary or Paying by Contract

Salary payments can be a little tricky if you’re not used to all the necessary items that come with it (EPF, SOCSO, monthly tax deductions, etc). But it can be the better option if your hire does a lot of different areas of work and spend a lot of time assisting you in various ways.

But if your worker is hired more for a narrow set of specific skills or talents that are results-oriented and easily quantifiable, it might make more sense to hire them on a contract basis. This move is more economical and can avoid the headache of overhiring.

Be Sure to Keep Track of Everything

For whatever it is that is attached to your business, you should keep records and documents of them all in one place. You may not think this directly relates to payroll, but things like leakages, medical receipts, claims, etc are all important documentation that affects how you pay your hires.

Also remember to pay attention to tax forms and furnish them in time for tax season.

Don’t Forget About Raises and Benefits

Keeping staff on your payroll also means keeping them incentivised. The common way of doing this of course is to offer increments, raises, benefits, or bonuses. This might mean you now need to readjust how you think about your revenue and profits and how a chunk of it has to be allocated for your manpower.

Set Everything Up Carefully the First Time

Setting up your employee details correctly including with up to date addresses, date of birth, start dates, and so on. Create an internal standard operational procedure even if it’s just for your own use, and stick to it. This prevents the creation of bad habits or precedents which can cause problems and errors later on.

Keep Up with the Rules

Changes in regulations can affect how you need to run your payroll, so you need to really have your finger on the pulse of the latest news and developments. For example, the
recent Employee Insurance Scheme
 affects employees of the private sector and requires private employers to contribute an extra amount every month. Not being on top of this type of news can get you in trouble quick.

Automate or Outsource When Possible

If keeping all of the above straight sounds like too much of a headache to manage, try using a payroll
service like kakitangan.com
 to help automate much of the work for you. Payroll services like kakitangan can help you cut down on long processes ensures security of your data, and most importantly, takes the hassle out of it. This frees up more of your time to focus on more important aspects of managing your business.

Online banking also helps tremendously in reducing paperwork and keeping information secure. When banking online with RHB for example, you can set up recurring payments, keep tabs on multiple accounts, and other useful transactions that save a lot of your time.

Paying Attention to Pay Day

Managing payroll is one of those necessary headaches that inevitably come with a growing business. But we hope our tips above can be put to good use and can help you handle your future challenges to come. We especially recommend getting more information on the specifics of SME banking to know how it can help you with handling your business.

Learn more about the benefits of SME banking by giving
RHB SME Banking Portal
 a visit and make use of their Knowledge Center to discover the useful tips and tricks to help you achieve your aspirations as a soon-to-be franchisee. From business loans to current accounts created specifically for the fundamental needs of SME business owners, begin your journey as a franchisee with RHB SME Banking Portal today.

This article was brought to you in collaboration with RHB SME Banking.

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Ahmad Mudhakkir

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Budget 2022: Key Highlights To Know

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz has tabled the national Budget for the upcoming year at 4pm today, with various initiatives suggested in line with the theme of Keluarga Malaysia, Makmur Sejahtera. With an allocation of RM332.1 billion – the highest to date –  Budget 2022 will be guided by three key pillars: to enhance recovery, build resilience, and drive reformation.

Here are some key highlights from the national Budget that was just tabled, and what you can expect from it.

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Alex Cheong Pui Yin

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Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Survey: T20 Withdraw EPF Savings Via i-Sinar To Invest In Gold And Stocks

(Image: Astro Awani)

In a survey conducted by the UCSI Poll Research Centre, almost half of the participants in the T20 income group said that they used or would use their Employees Provident Fund (EPF) i-Sinar withdrawal money to invest in gold and stocks.

As many as 47.7% of the T20 group participants said that they were using their EPF i-Sinar funds for investments. There were also participants from the M40 and B40 groups who were withdrawing their EPF funds for this purpose, but at a lower percentage of 31.1% and 35.5% respectively.

“Interestingly, investment was one of the main reasons for a i-Sinar withdrawal, particularly among the T20 group,” the research centre said in a statement. According to the survey, most of those who cited this use of i-Sinar funds were aged between 40-55 years old. “Even in these challenging times with the Covid-19 pandemic, there are people who see an opportunity and seize it.”

For those in the 26-55 age bracket in the B40 and M40 income groups, repayment was the main justification for their EPF withdrawals. It was found overall that only 48.6% of the 809 survey respondents used the money for food and groceries.

The i-Sinar programme is a withdrawal facility introduced by the Malaysian government to help those facing financial difficulties due to the Covid-19 pandemic. EPF members who fit the eligibility criteria can withdraw up to RM10,000 or up to 10% of their Akaun 1 savings, depending on their balance in Akaun 1. You can read more of our
coverage on the facility here.

(Source:
Bernama
)

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Jacie Tan

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Should You Give Up Your Rewards Point Credit Card?

For those of you holding a rewards point credit card card, we have disappointing news to share. The
Rakyat Post
 reported that Malayan Banking Bhd (Maybank) has already issued letters to credit card holders advising that its redemption point system will be revised upwards from the 1st of May. Although Maybank is among the first banks to announce this upcoming implementation, other credit card issuing banks are reportedly, in the midst of doing the same.

For many veteran cardholders, the rewards point credit card was the way to a new blender or departmental store shopping vouchers; but with a redemption system that forces users to spend much more to earn the same rewards they did before, many might be reaching for the scissors (to cut said card) before May day. But is dumping your rewards point card the way to go?

Rewards Points in a Nutshell

If you aren’t familiar with the mechanics of the
credit card reward
 point system, here is a brief explanation: Every RM1 spent on the card will give you a set number of points. For most banks, that ratio is RM1:1 point but some banks offer 3x points, 5x points or even 10x points if you spent at certain times or with certain vendors.

When you reach the minimum threshold of points required by the bank for redemption, you can use your points to redeem vouchers, items or even use them as ‘cash’ to offset your bill and purchase items at participating stores. This service has been very useful to people who use their card frequently as they will most likely rack up a good number of reward points.

Previously, Maybank gave RM1 for every RM250 spent (as ‘cash value’; item redemption varies depending on the bank’s deal with their suppliers) but according to the report; you will now need to spend RM400 to earn RM1. That would mean that cardholders will have to spend 1.6 times more in order to claim the same benefits they did before.

But if you do decide to skip the rewards point card – what other options do you have?

Alternative Credit Card Options

1)
The travel credit card.
 A travel credit card functions on a similar system as reward point redemption but for the most part can only be converted into airmiles. They also offer additional travel benefits. If you’ve been cashing in mostly on your travel voucher redemption, this is could be a good replacement for the reward point card. However, if you’re more of the Parkson voucher/electrical appliance sort than you will want to sit this one out.

Besides that, travel credit cards also attract direct discounts from merchants in many malls depending on the bank, so it’s not all travel.

2)
Cashback credit card
. Cashback credit cards are often preferred over rewards point credit cards due to the high return you receive from your spending. Typically, cashback cards offer 1%-5% cashback on your spending with a monthly cap ranging from RM50-RM100 (per month) depending on the type of card you own.

The highest cashback rate available in the market is 20% with the highest capped at RM100 each month but there will usually be terms and conditions for spending to qualify.

The benefits of a cashback card is the high cashback value. At 5%, you can hit your capped amount of RM100 cashback with just an RM2,000 spending. A rewards point card at even the old rate of RM250: RM1 will see you spending RM25,000 before you can similarly see a value of RM100.

The drawbacks of the cashback card is the many terms and conditions: spend at this place, at this time and only up this amount, where else the rewards point card does not usually discriminate on spending.

However, both types of cards will often give you merchant discounts at many retail and F&B outlets.

So Should You Really Give Up Your Rewards Point Card?

A cashback card would really seem to hit the sweet spot right about now but hold on! Reward point cards flood the market and truth be told; many offer much more in benefits than just reward points. Some cards give you exclusive discounts at merchants that could potentially save you much more than any cashback card if you spend frequently at that particular chain.

Many cards also bundle reward points with many other benefits such as low interest rates and additional travel benefits.

As we’ve always said, whether or not a credit card is good for you will actually depend more on your spending habits than the black-and-white list of benefits a card is offering. You could have an excellent card with 20% rebates on petrol but if you don’t drive; this is worthless to you.

That said, before deciding to cut up your rewards point card, here are some things to consider:

1) What do you usually spend on using your credit card?

2) What other benefits are offered with the rewards point card?

3) Do you want fuss free reward programmes without the need to know limits and caps?

If your credit card affords you everything you need – then why switch? If may get just a little more painful to collect points but you’ll ultimately still benefit from having the other discounts and perks offered.

On the flipside, if you find your card isn’t doing your spending justice; you don’t have to stick with it! In fact,
let us help you find the right credit card for you
.

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Score Two Chances Of Winning An iPad On Unbox This Week!

If you’re looking to apply for a credit card, look no further because the Unbox This Week credit card campaign is back with another round of exciting rewards!

For those who are new to this campaign, Unbox This Week is a weekly event where we present to you fantastic weekly flash deals from our featured bank partners. All you need to do is apply for selected credit cards from these banks of the week through RinggitPlus and you’ll take home some great prizes.

From 30 January to 7 February 2023, our featured bank partners are

none other than
Citibank, HSBC Bank, Alliance Bank, Public Bank, and RHB
. So, if you’ve considered applying for a credit card with any of these banks, you know what to do to get more out of your application!

Citibank – iPhone 14

How would you like to win a brand new smartphone? This week, 10 lucky winners will have the chance to take home the iPhone 14!

With Cinematic Mode now in 4K Dolby Vision and up to 30 fps, the smooth and steady Action Mode for handheld videos, and complete with the A15 Bionic chip, having the new iPhone 14 is definitely something that most of us would enjoy.

For those who are not selected, you will still walk away with a guaranteed RM600 Touch ‘n Go eWallet Credit.

Remember to activate and spend a minimum of eight retail transactions on your new card within 60 days upon gaining approval. Once the bank has confirmed your eligibility with us, you’ll receive instructions from us via email on how you can claim your gift.

Take note, though, that current cardmembers and individuals who have cancelled their Citibank credit cards within a year prior to this campaign do not qualify for this promotion. Otherwise, those who wish to apply for their new Citi credit cards can
head on over here to do so
.

HSBC Bank – iPad Air 2022 Model

Supercharged with the Apple M1 chip, the 60% faster performing 2022 Model iPad Air could be yours!

You can multitask smoothly, explore your creativity and gaming capabilities, as well as take beautiful photos with the 12MP ultra wide front camera and 12MP wide back camera. On top of that, you could benefit from the Centre Stage feature when you make video calls with this iPad.

If you don’t win the iPad Air, you’ll still take home the 2nd Gen Apple AirPods.

Don’t forget to activate and spend a minimum of RM1,000 on your new card within 60 days upon gaining approval to be eligible for this gift. That said, do note that current cardholders and applicants who were denied within six months prior to this campaign, as well as those who have cancelled their HSBC credit cards within six months prior to this campaign are not eligible for our campaign. Otherwise, you can apply for your HSBC credit card
here
.

Public Bank – Xiaomi Redmi A1

Here’s another electronic device you could win! Stand to take home the Xiaomi Redmi A1 phone when you apply for a Public Bank Credit Card.

The phone boasts a huge 5000mAh (typ) battery that can last you up to 700+ hours of standby or 22 hours of video playback. Not only that, you could capture all your memories with the 8MP dual camera and view it comfortably on the big 6.52″ full-screen display.

For those who are not selected, you can add the Russell Taylors VC-20 Vacuum to your collection because it’s guaranteed to you! Its HEPA filtration system can lock in small particles to ensure your space becomes cleaner.

All you need to do is complete your application via the RinggitPlus website, get approved by Public Bank, and make an accumulative spend of RM250 within sixty (60) days of approval to be guaranteed this gift. Apply for your Public Bank credit card
here
.

Alliance Bank – Realme Watch 2 Pro or URBANLite Ledge 24″ Luggage Bag

This week, those who apply for an Alliance Bank Credit Card will get a guaranteed Realme Watch 2 Pro or URBANLite Ledge 24″ Luggage Bag.

The Realme Watch 2 Pro features a 1.75″ display for easy reading, 90 different sports modes, high-precision dual-satellite GPS, and, best of all, it is guaranteed when you apply for an Alliance Credit Card with Balance Transfer.

Travelling soon? The sleek URBANLite Ledge 24″ Luggage comes with a multi-stage telescopic trolley handle, 360-degree spinner wheels, and more. It’ll undoubtedly be a great companion on your days away from home. You’ll be guaranteed the luggage when you apply for an Alliance Credit Card.

Upon approval, you just have to activate and spend to meet the requirements of the campaign and be eligible to get the gift. Existing cardholders of any Alliance Bank credit card and individuals who have held or cancelled an Alliance Bank credit card in the past six months are not eligible for this campaign. Apply for an Alliance Bank Credit Card
here
.

RHB – iPad A13 Bionic

There are TWO ways to win an iPad this week! Apply, activate, and spend with an RHB Credit Card, and you could win the iPad A13 Bionic.

This model offers a stunning Retina display, reliable and powerful A13 Bionic chip, and an Ultra Wide front camera with Centre Stage for your video calls. You could multitask and elevate your productivity levels without much issue.

You’re guaranteed a RM200 Touch ‘n Go eWallet Credit if you don’t win the iPad.

Once approved, you just have to activate and spend to meet the requirements of the campaign and be eligible to get the gift. Existing cardholders of any RHB Bank credit card and individuals who have held or cancelled an RHB Bank credit card in the past six months are not eligible for this campaign. Apply for an RHB Bank Credit Card
here
.

***

Finally, be sure to start your application with our WhatsApp chatbot so that your eligibility is guaranteed, and we can always be at hand to help you when you need us.

While this week’s flash deal ends on 7 February 2023 (11am), do follow us on our
Facebook page
 to receive the latest Unbox This Week offers as we refresh the deals every week.

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Lisa Ameera Azman

Lisa Ameera Azman

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UOB Credit Card Discounts At Bernard’s Bistro

If you’re looking for a wide selection of local cuisine on a budget swing by Bernard’s Bistro at Centre Point, Bandar Utama. And if you happen to be holding a UOB credit cardmember you can look forward to a 10% discount off your food bill. This discount does not apply to tobacco products and alcoholic beverages however.

The promotion period runs from 2 May till 31 December 2013 and is not valid with other existing promotions or discounts. For full Terms & Conditions please click
here
.

Have you been thinking of getting a credit card from UOB? Start by looking through all their available products on
RinggitPlus.com

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Brendon Lee

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Maybank Blocks Non-Shariah MCCs For Maybank Islamic Ikhwan Cards

Effective 29 July 2020, Maybank will be blocking transactions made at non-shariah compliant merchants for its Maybank Islamic Ikhwan credit cards.

If you have an Islamic credit card with any bank, you should be aware that you are generally not allowed to use it to pay for non-shariah compliant transactions. This condition would be included in the terms and conditions or product disclosure sheet of your credit card, usually with a clause stating that the bank reserves the right to terminate or suspend your credit card if you do so.

According to the notice on
Maybank’s website
, all transactions on its pre-determined list of non-Shariah merchant category codes (MCCs) will be blocked for Maybank Islamic Ikhwan cards. The blocked MCCs and corresponding categories of expenditure are as follows:

MCC

Description

5921

Package Stores – Beer, Wine, and Liquor

5993

Cigar Stores and Stands

7261

Funeral Services and Crematories

7273

Dating Services

7800

Government-Owned Lotteries (US Region only)

7801

Government Licensed On-Line Casinos (On-Line Gambling) (US Region only)

7802

Government Licensed Horse/Dog Racing (US Region only)

7995

Betting (including lottery tickets, Casino Gaming chips, Off track Betting and Wagers)

9406

Government-Owned Lotteries (Non-U.S. region)

So, starting from 29 July, make a note not to use your
Maybank Islamic Ikhwan card
 at any merchants that might have the above category codes – or you’ll risk having your transaction fail.

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Beat Transit Blues Without Breaking the Bank

Airport waiting can be brutal for some, yet it is unavoidable sometimes even with the best planned intentions.

Although waiting is expected with air travel, it’s still no fun wasting time when you could be soaking up the sun on a tranquil beach.

Worse still are the excessive delays that can drive one a little stir crazy. Couple this with a tightly wound travel budget and you have the perfect formula to provoke travel-related melancholy!

While you may be used to the standard hold-ups associated with air travel and even tolerate flight delays now and again, there are ways for you to maximise travel funds and still beat your transit blues.

Read on to find out how you can #GetMore value for your travel money even while you wait.

1. Use the Lounge

You might be able to endure waiting around if you were simply headed home, but what if you actually have a few more stops to make before concluding your holiday?

Feeling jaded and utterly annoyed is no way to enjoy a trip you’ve been looking forward to. There’s no time like the present to enter that exclusive airport lounge you’ve always walked pass and use it to relax, eat free food, and even revitalise with a hot shower!

There is however, that little matter of cost. To gain access, you may need to purchase a pass which can be expensive. For instance, the most basic Priority Pass membership (lounge access programme available worldwide) costs USD99 with an additional USD27 per entry, which totals approximately RM521 (exclusive of taxes).

No frugal traveller wants to pay this much and the good news is, you might not have to. Here are some ways to lounge for free or at least for less.

1) Gain entry with loyalty points collected from hotel stays (
Hilton HHonors
 and
Marriott Rewards
).

2) Enter by redeeming miles earned from frequent flyer programs (for e.g
MAS Enrich
).

3) Get complimentary access with
travel credit cards
 and some
regular credit cards
.

2. Go on a Mini Vacation

Put a positive spin on your wait time and use it as an opportunity to enjoy an extra vacation day. If you are experiencing a lengthy delay, consider getting cheaper (but still safe) accommodation for overnight stays while you explore the city.

Remember that a lot of major airports are situated close to city centres, so it may not cost a lot to get there and have a walkabout. To minimise expenses, try to hop on a free airport shuttle service if it’s available.

For a quick and easy way to find things to do at the eleventh hour in a foreign city, check out travel apps like
Last Minute Travel
 and
Jetsetter
. It even provides tools to book accommodation and other reservations.

What if however, you don’t have enough funds to spare? It’s still not over yet; try these free activities while waiting:

1) Take a lot of pictures.

2) Journal or blog about your travel experience.

3) Window-shop at the airport.

4) People watch or make new friends with other weary transit folk!

3. Insure for the Unforeseen

Was your transit break longer than necessary or completely unforeseen (bad weather, technical glitch)? Think about the expensive chain reaction sparked when you get delayed – you can end up losing hotel reservations, vehicle rental bookings, get charged penalties and miss connecting flights.

Did you know however, that
travel insurance
 can help cover some of the associated costs? Yes, in fact, it’s one of the best ways to #GetMore value for the money you’ve spent.

The premiums for travel insurance vary depending on the duration of travel, number of travellers, destination and level of coverage. But on average, travel insurance may cost as little as RM10 to as much as RM1,000.

Note, however, that the fine print can sometimes exclude coverage for certain travel areas, so be sure you understand the terms of your policy thoroughly to avoid surprises.

Also, most travel insurance do not provide cover for costs related to flight delays that occur in mid journey (e.g. you missed a connecting light, arrived late and then lost your hotel bookings) so do check the fine print or call the insurance company before buying a plan.

If you paid for your flight using a
travel credit card
 (or even a regular credit card); do a quick check on the availability of free insurance on your credit cards. Give your bank a call if in doubt of the terms.

4. Ask for Compensation

Are there any benefits that may be extended to you in the case of delayed or cancelled flights? Well, depending on where you are in the world (and your chosen carrier), you may be entitled to receive compensation in terms of cash, accommodation, flight upgrades, transport costs and even refreshments.

For instance, if your flight was overbooked and you are delayed by three hours or more – you may be able to gain compensation by negotiating with your airline.

But even though most will do its best to accommodate you, not every carrier will provide you with recompenses.

To successfully work out an arrangement, take some time to read the conditions of your carriage before you travel. If you’re up for a little more reading, brush up on the regulations for flight delay compensations specific to your travel zone.

Seems like a bit of homework, but it could pay off in the long run – knowledge is power (and sometimes money!).

“Time you enjoy wasting is not wasted time” – Bertrand Russell

Let this clever quote be your mantra whenever you’re forced to wait at an airport. Why let a few minor hiccups ruin an awesome vacation that you’ve worked so hard for?

In fact, the best way to actually get more out of your travels is by simply refusing to let the little things disrupt the big picture. Instead, focus on being pro-active so even in the event of extreme delay; you can remain Zen enough to still #GetMore value for the time, effort and money spent!

Did you like learning how to #GetMore for your travel in this article? Follow our #GetMore hashtag on your favourite social media channels as we bring you more tips on how you can get more for your money in everything from travel to shopping and dining until the close of 2015. Who wouldn’t like to #GetMore for their money?

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Desiree Nair

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Maybank Launches American Express Explorer Business Platinum Card For Business Owners

Maybank has launched the Maybank American Express Explorer Business Platinum Card, a new credit card aimed at business owners. Offering enhanced benefits as well as the ability to earn Membership Rewards (MR) points for business transactions, it makes for a compelling option in a relatively untouched space.

With a host of travel perks, Maybank states that this card is designed to be the go-to card of choice for business owners for travel expenses. Cardholders not only earn double the MR points for overseas transactions, they also enjoy 6x complimentary PriorityPass airport lounges worldwide – and up to RM1 million in complimentary travel protection if they purchase their flights and hotel stays with the card.

All local spend with the card will still earn MR points at a rate of 5 MR for every RM5 spent. On top of that, the Amex Explorer Business Platinum comes with a 3-year annual fee waiver without any spending requirements. And to further sweeten the deal, cardholders will enjoy a bonus 110% MR points if they spend a minimum of RM60,000 on local transactions in a year.

“As one of the largest and leading financial institution in the region, Maybank has always been at the forefront of the digital sphere, bringing to the market numerous innovative solutions, while constantly offering upgraded products and services to cater to the evolving needs of its customers. With the cashless trend accelerating amid economic growth, the American Express Explorer Business Platinum Card supports our M25+ aspiration by offering a customer-centric and lifestyle-improving card,” said Dato’ John Chong, Group CEO of Community Financial Services at Maybank.

Ms Divya Jain, American Express Vice President, Global Network Services, Asia & South Pacific said, “Maybank and American Express are introducing a dedicated travel credit card to support businesses’ growth ambitions and help them overcome their challenges. The new product is part of our overall strategy to continue working with our valued partners like Maybank, who is a strategic fit for the American Express network to further grow attractive portfolios and drive more volume.”

All new
Maybank Amex Explorer Business Platinum
 cardholders will enjoy various one-time perks, including:

Extra 10,000 MR for the first card transaction

Extra 40,000 MR for the first airline ticket purchase

e-Welcome Pack
 to share the various benefits offered by the card

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Pang Tun Yau

Pang Tun Yau

A seasoned tech journalist who now focuses on his other passion, Pang is a firm believer in old-school DCA and optimised spending.

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Are You Ready For the Added Money Responsibilities of Home Ownership?

In the market to buy your first home? Well, that’s an awesome aspiration but unfortunately it also places a financial load on your shoulders. Are you 100% financially ready for such a huge purchase and the commitments that follow?

Apart from the loan instalment that you’ll be making each month as well all other payments related to the purchase of the home (legal fees, valuation costs, bank charges), you’ll also be presented with periodic outgoings that if not managed well can really burn a hole in your pocket.

Let’s run through the additional costs to bear for the home owner. Here are the typical expenses you can expect to incur.

1. Utility Registration

If you want to use electricity in your home and we suspect you most likely do, then prepare to part with some cash to register an account with TNB and all related utility companies.

The top priorities would be electricity & water with optional utilities such as a phone line (not a must these days) and cable points for internet if you’re home is not already equipped.

On top of a registration fee, you are also required to pay a deposit to the utility company, we won’t list them all here but using TNB as an example, you can expect to pay anywhere from RM170 to RM1,600 depending on the type of property and power supply installed.

The respective websites of Malaysia’s utility companies provide more information on deposits and registration fees, so be sure to check them out.

2. Property Taxes

Home ownership also means more taxes and here’s the two you’ll be required to pay:

a)
Assessment tax
 is based on the value of similar properties within your area multiplied by an assigned rate that is different for each administrative zone. These taxes are used to fund the activities of the city council (DBKL or MBPJ) for upkeep and maintenance costs.

Note that you’ll need to pay the assessment tax in two installments a year.

b)
Quit rent
 is imposed on the land on which your property is built as a form of ‘rent’ for using the land. The rather nominal fee is collected by the land office of your state government and costs less than RM100 per year (depending on size of land, location and other factors).

3. Insurance

Taking on the long-term responsibility of a property purchase and by default, a mortgage, leaves you liable to pay back every last cent of said mortgage (and then some).

So what happens if you can’t repay it due to permanent disability or death? Sadly, you’ll likely lose your home. The good news is that you can protect your mortgage with a Mortgage Reducing Term Assurance (MRTA) or Mortgage Level Term Assurance (MLTA) plan. The not-so-good news is that it’s going to cost you.

The MLTA costs more, is a recurring payment, and can be insured for a specific value, meaning if there is a balance after covering the loan, it would go to your beneficiary.

On the other hand, the MRTA is a one-time fee that can be calculated into your loan, costs less and only covers the remaining balance of your mortgage.

Which is better? Both will sufficiently protect your mortgage but consider your long-term budget and goals before making that decision.

A noteworthy mention for property-related insurance is a home contents insurance plan which, as its name implies, insures valuable items in your home from theft, natural disaster or damage from major events such as an explosions, riots and vandals.

Costs are difficult to estimate due to its contingency on the level of coverage needed and the amount of items to be included in the policy.

4. Maintenance / Service Charges

Condominiums, serviced suites and residential estates which require property management companies to oversee upkeep activities may impose a maintenance or management fee. The fee is roughly estimated at a minimum of RM150 per month and may be separate from security charges or all inclusive. For low cost apartments, owners can expect to pay around RM35-RM70 per month in maintenance.

Nowadays, many residential areas have guards posted at main entrances and exits even if it is not a gated or guarded community. They form makeshift barrier gates, work out of portable guard-house cabins with the guards running checks a few times at night.

The service is optional, not comprehensive and is much cheaper than you would pay for professionally guarded communities, these fees run from RM20 to RM60 per month.

5. Sinking Fund

Somewhat like an emergency savings account, and mainly for condominiums, a sinking fund (or special fund) is collected and utilised for major repairs or works done to preserve the building. Unlike maintenance fees, the permission of the owner is required before funds can be used.

Some property management companies may apportion out funds received from the maintenance fees towards the sinking funds reserve while others collect it separately.

Management of sinking funds tend to be a grey area since owners may not be clear on how much of the maintenance fee is channeled into the sinking fund reserve. So do clarify beforehand, the exact percentage or amount, you don’t want to be surprised with a separate sinking fund collection later on.

Owning your own home is a fantastic goal to aspire towards, however, jumping the gun and making that purchase before you are financially ready could make things very stressful.

Make it a point to have a realistic idea of how much cash you’ll actually need. This info will go a long way toward minimising financial surprises and it doesn’t hurt to have rainy day savings, it’ll keep you covered when those surprises do pop-up.

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RHB Announces Limited Edition Squid Game-Themed Visa Rewards Card Design

RHB has announced the arrival of a new card design for its RHB Visa Rewards credit card, based on the latest Korean hit series on Netflix, Squid Game.

“A new design awaits. Are you guys ready to accept your card? Comment below and let us know if you would like to take on the challenge to own the limited edition RHB Visa Rewards Credit Card,” RHB posted on its Facebook page, adding that it “might just send you an ‘invitation’” – indicating that these cards may be provided by invitation only.

Squid Game is a survival drama series which sees a group of financially desperate individuals brought together to play six rounds of (deadly) games and win a substantial amount of cash prize. Prior to their participation, these selected individuals will be sent an “invitation” in the form of a business card with three printed shapes at the back.

(Image: Netflix)

Based on the image of the new design shared by RHB, it seems that the Squid Game-themed Visa Rewards card will feature the recognisable motifs from these infamous business cards. It also uses the motifs to highlight three specific spend categories: dining, flights/overseas spend, and shopping. In comparison, the regular design of the RHB Visa Rewards credit card looks like this:

The RHB Visa Rewards card currently provides cardholders with up to 10x Rewards Points when they spend on selected expenses, including movie tickets, online/retail purchases and e-wallets, as well health and insurance. This is on top of other perks such as entry to participating golf clubs in Malaysia. These benefits will likely remain the same under the limited-edition Visa Rewards credit card.

(Source:
RHB
)

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Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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    CHENG WEEI KAI

    1 year ago

Can existing RHB Reward cardholder apply to get the new card design?

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OCBC credit cards give 20% bonus rebates for dining at the Curve

Having your meal at the Curve will fill not just your stomach, but your pockets too if you’re an OCBC credit card holder.

From now until August 31st, you’ll enjoy
20% bonus cashback rebates on top of existing rebates when you spend RM50 and above at any of the mall’s F&B outlets.

The bonus cashback rebates are capped at RM200 per transaction on a first come, first served basis and subject to availability.

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