What Is The Best Air Miles Credit Card In Malaysia?

A “miles by credit card” is a credit card that gives you the opportunity to earn miles as one of its main benefits. Regular travelers who accumulate enough miles can use them to claim free flights, offset part of the price of a flight, or even upgrade your seat up to a higher class.

There are several factors that can do a mile of flying by credit card a “good” one. Of course, most obviously, you’ll want a credit card with the best mileage conversion rate so that you earn the most miles for every Ringgit you spend. However, you must also include terms such as eligibility requirements, mandatory spending types, and expiration points – what good is a good mile conversion if you can’t unlock those benefits?

Here are five of the best mileage credit cards in Malaysia. Most of the cards we’ve chosen are miles of air-conditioned benefits through their Points Rewards Category, so to figure out the best conversion rate you’ll have to take into account how quickly you earn points from your spending as well as how many points it will take to redeem a mileage. To make it easy for you, we’ve calculated the amount of spending required for each mile earned per credit card.

What Is The Best Air Miles Credit Card In Malaysia?
What Is The Best Air Miles Credit Card In Malaysia?

Maybank 2 Cards Premier – Best Conversion Rate
Conversion rate: RM1 per 1 Mile rich for all domestic and foreign spending on American Express
Other claimable miles: KrisFlyer, Asia Mile, AirAsia BIG points
Valid points: 3 years
Minimum income requirement: RM100,000 per year
Annual fee: RM800 (free in the first year and with a minimum spend of RM80,000 per year there follows)

Maybank 2 Cards Premier comes with a pair that includes Maybank2 Cards Reserve American Express and Maybank Visa Infinite; American Express cards bring you higher TreatsPoints profits at 5TP with each RM1 spent domestic or abroad, while Visa offers 2TP for every RM1 spent domestic and 5TP for every RM1 spent abroad. Maybank 2 Premier cardholders enjoy tp-to-air mile conversion rates for all of Maybank’s credit cards, allowing you to redeem twice as many miles as the normal Maybank Visa or Mastercard.

However, good things will cost high – with a minimum income requirement of RM100,000 per year, Maybank 2 Cards Premier is 9 cards Premier not for those with moderate income and the annual fee is not as high as RM800. However, this is offset by the fact that the American Express card is one of the best conversion mileage rates you’ll see in Malaysia. You can redeem 1,000 Enrich Miles for just RM1,000 spent on cards for all domestic and international expenditures (excluding utilities, education, EzyPay and insurance, where lower TP rates are earned).

Maybank 2 yellow cards – Best for the general public
Conversion rate: RM2 per 1 Mile rich for all domestic and foreign spending on American Express
Other claimable miles: KrisFlyer, Asia Mile, AirAsia BIG points
Reward points valid: 3-year bonus points valid
Minimum income requirement: RM30,000 per year
Annual fee: Free lifetime

With its low minimum income requirement and free lifetime annual fee, the easy-to-access Maybank 2 Gold Card is the most accessible card on this list. Even so, Maybank 2 Gold American Express still offers one of the best mileage conversion rates on the market – and you can access this for zero annual fees and from low monthly incomes like RM2,500.

Like its Premier counterpart, the Maybank 2 Gold American Express card offers 5TP for domestic and foreign spending. However, 5TP’s gold only applies to the day of the week, and overall you will need to accumulate more TP on the yellow card than premier to redeem the same amount of Enrich Miles. However, RM2 per Enrich Mile for both domestic and overseas spending remains a favorable conversion rate – even better than some credit cards with higher eligibility requirements and annual fees.

Alliance Bank Visa Infinite – Good Overseas Spending Conversion Rate

Conversion rate: RM3 per 1 Mile spent on domestic spending, RM1.20 per 1 Mile spent abroad
Other claimable miles: Big AirAsia
Bonus point valid effect: Not expired
Minimum income requirement: RM150,000 per year
Annual fee: RM800 (waived when spending a minimum of RM30,000 per year)

Alliance Bank Visa Infinite conversion rate for local spending is not particularly excellent, but it still has a better rate for overseas spending. You can redeem 1,000 Enrich Miles for RM1,200 spent abroad, making this credit card good for those who travel and spend abroad regularly. Alliance Bank Visa Infinite also provides its cardholders with unlimited free access to over 850 lounges at Priority Pass airports worldwide.

However, how does Alliance Bank Visa Infinite compare to Maybank 2 Cards Premier? Maybank 2 Cards Premier has a better conversion rate, but Alliance’s Timeless Rewards Points have the advantage of having no shelf life while Maybank TreatsPoints is only valid for three years. Moreover, you have a higher likelihood that you will be free of charge of RM800 annually with Alliance Bank Visa Infinite as the minimum spend required to be exempted is only RM30,000 per year.

HSBC Visa Signature – For Local Shoppers
Conversion rate: RM1.31 per 1 Mile spent online abroad and abroad, RM2.10 per Mile for local shopping malls and online spending
Other claimable miles: KrisFlyer, Asia Miles
Valid points: 3 years
Minimum income requirement: RM72,000
Annual fee: RM600

HSBC Visa Signature has different points for different spending categories. You get 8x Bonus Points for all overseas and online spending in foreign currencies, 5x Points for online and local shopping malls, and 1x Bonus Points for any other spend. You can then buy back 1,000 Enrich Miles with 10,500 HSBC bonus points. Seems complicated? Simply put, you earn 1,000 Enrich Miles with RM1,310 spent on 8x categories, RM2,100 on 5x categories, and RM10,500 on any other spend.

If you know you’ll spend more on the Garner category than the bonus points, then this card will be able to give you the miles – but if you don’t, you should claim your bonus points for something other than miles. HSBC Visa Signature cardholders also have 6 access to The Mall’s Premium Lounges in Malaysia, Singapore, and Hong Kong. For eligibility requirements, this card requires you to earn at least RM6,000 a month and pay an RM600 annual registration fee that is not excessively required for a mileage credit card.

Singapore Airlines KrisFlyer American Express Gold – For Changi Frequent Customers
Conversion rate: RM2 per 1 KrisFlyer mile on normal spending, RM2 per 2 miles KrisFlyer to buy tickets online Singapore Airlines
Other claimable miles: No
Valid points: 3 years
Minimum income requirement: RM48,000
Annual fee: RM250 (first year free)

Although its conversion rate is good, KrisFlyer American Express Gold is designed to be dedicated to Singapore Airlines flight people. Yes, you can earn miles even when using your KrisFlyer credit card for normal spending, but you earn at a higher rate when you buy Singapore Airlines tickets online (for flights originating from Malaysia only). And of course, the miles obtained from this credit card are KrisFlyer miles, which can only be used on Singapore Airlines flights.

This is the only credit card on this list through which you earn miles directly instead of redeeming them from a rewards store. A big bonus is that you instantly get 3,000 KrisFlyer miles when you use your American KrisFlyer Gold Fast Credit Card for the first time. Cardholders are also free of charge five times to most plaza Premium Lounges in Malaysia – but unfortunately, not at Changi Airport.

Choosing The Best Air Miles Credit Card For You
As you can see, the best mileage credit cards are not just about the best conversion rates you can get. Sure, some cards give you many miles for what you spend, but you have to see for yourself if the credit card fits your expenses, lifestyle, and most importantly, income. Miles are also not just credit travel benefits related to the card must provide. For example, you can opt for a credit card even though it gives you fewer miles because it gives you free airport lounge access or cashback abroad better.

To make your credit card search a lot easier, you can use our RinggitPlus credit card comparison tool to find and apply for miles with your next credit card.

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