Drexosy is an independent credit card comparison platform. We may earn a commission when you click through.
Cashback Credit Cards: Which Gives You More Back?
Compare the best cashback cards for August, focusing on reward rates and fees. Discover which card maximizes your everyday spending benefits.
High Cashback Rewards
If you're looking to maximize your cashback rewards, choosing the right card is crucial. Here’s a breakdown of the top options available this August.
Rates and terms shown are representative. Your actual rate depends on your credit profile and circumstances. This is not financial advice — always read the lender's terms before applying.
Maybank Visa Signature Credit Card
The Maybank Visa Signature offers standout rewards for international spenders with 5x points on foreign transactions. However, the high annual fee could deter those who don't frequently travel abroad. Ideal for frequent overseas spenders earning RM6,000+/month.
Hong Leong Wise Card
Unlike Maybank, the Hong Leong Wise Card offers a low fixed rate of 12.88% and 5% weekend cashback, making it appealing for those who carry a balance. Free for life, it suits Malaysians wanting low interest without annual fee concerns.
CIMB Cash Rebate Platinum Credit Card
The CIMB Cash Rebate Platinum card is the most accessible, with no annual fee and a low income requirement. It offers 5% cashback on essentials like groceries and petrol, though the cashback cap could limit benefits for big spenders.
If you need more flexibility in where you earn cashback, the next cards offer unique perks that might match your individual spending habits.
Flexible Spend Categories
These cards provide cashback across various categories, offering versatility for unpredictable spending patterns.
RHB Dual Credit Card
The RHB Dual Credit Card features a dual-function design, blending credit and debit with 3% cashback on contactless payments. This card is free for life, but the cashback cap may not suit heavy spenders. It’s designed for those who frequently use contactless payments.
Maybank2u Cashback Card
Maybank's myimpact Visa Signature stands out with its ethical focus, offering up to 8% cashback on ESG-friendly categories. It’s best for environmentally conscious spenders, though the cashback rate on non-ESG categories is minimal.
When choosing a cashback card, consider where you spend the most and potential annual fees. For a deep dive into optimizing cashback rewards, explore Navigating Cashback Credit Cards for Maximum Rewards. This guide offers detailed strategies to maximize your returns.