This article explains the key reasons behind the growing popularity of investing apps and why they resonate strongly with new-age retail investors who want participate in new opportunities like an IPO.

Easy Reach to Financial Markets

The main benefit of investing apps has been access. Previously, opening an account for investment used to be a cumbersome process involving heavy paperwork, visiting branches, and a lengthy processing cycle. However, with applications today, many users are onboarded within minutes in a wholly digital process.

Through smartphones, investors explore stocks, mutual funds, exchange-traded funds, or even apply for an IPO, without depending on intermediaries, at their convenience. This provision can significantly lower the threshold, so that young professionals and novice investors can enter the market.

Simple and User-Friendly Interfaces

Modern-day investors prefer clarity rather than complexity. Therefore, investing apps are developed with intuitively designed dashboards, smooth navigation, and brief descriptive terms. Rather than using technical jargon, these apps aim to maintain an uncluttered interface that guides users effectively.

Some newer features allow investors to easily see live updates for prices, portfolio snapshots, and analytical performance analysis as they understand where their money is invested and how it is performing.

Lesser Costs and Transparent Costs

Aside from operational benefits, cost-effectiveness often plays a significant role in choosing an investing app. A lot of investment apps offer the benefit of little or zero commission on certain transactions, along with transparent fee structures. This is particularly appealing to retail investors who want to start with small amounts.

Reduced costs, compounded over years, may have a favourable bearing on long-term average returns.

Integrated Access to IPOs

Participating in an IPO is usually considered complex and time-consuming. This has been practically eliminated with the advent of investment apps that have introduced their users to accessing ongoing IPOs right from within the app.

The integrated process allows for greater participation in primary markets, which has helped make IPO investing smooth and transparent.

Educational tools for smarter decision making

Many investing apps look beyond mere executions to offer investor education. They include learning modules, a market walk-through, risk factors, and some financial essentials for beginners.

The tools are combined to create space for teaching investors new and important concepts like diversification, volatility, long-term investing, and learning from practice, some of which are potential risks involved in investing in the public markets.

Real-Time Data and Faster Trading

Fast and precise trading is essential in today’s markets. Investing apps give instant access to real-time stock quotes, allow investors to execute orders instantly, and alert them to any information related to their holdings or market movements.

This allows investors to respond quickly to market changes while staying informed about their portfolio, something that was impossible using the traditional channels.

Conclusion

The rise of investing apps reflects a broader digital transformation in financial services. Their ease of use, lower costs, educational support, and seamless access to opportunities like an IPO make them highly appealing to new-age retail investors.

As technology continues to evolve and financial awareness grows, using an investing app is likely to remain the preferred gateway for individuals looking to participate confidently in capital markets.

FAQs

1. Are investing apps suitable for beginners?

Most of the investing apps are developed with simple interfaces, educational content, and guided workflows that make them suitable for first-time investors.

2. Can I apply for an IPO through an investing app?

Yes, many investing apps are equipped with features allowing application for initial public offerings directly and an in-built UPI-based payment integration. In addition, users can track the allotments using the application.

3. Can I safely use an investing app in India?

Reputed investing apps in India are regulated and work with registered intermediaries. One should always choose a platform that complies with SEBI guidelines and uses secure authentication methods.

The post Why Investing Apps Are Becoming the First Choice for New-Age Retail Investors appeared first on BSN.

At first glance, bank transfers may seem like the safest option. However, high fees, poor exchange rates, and slow processing times often mean your family receives less than expected. In recent years, money transfer apps have become a popular alternative, offering lower costs, better exchange rates, and faster transfers.

In this guide, we’ll compare the most common ways to send money from Singapore to Malaysia, look at their fees and speed, and help you decide which option works best for your needs.

How we compared money transfer services
To evaluate the best way to send money from Singapore to Malaysia, we compared each option based on:

• The total amount the recipient receives in MYR (all-in cost)
• Estimated transfer speed shown in-app
• Available payout methods (bank deposit, cash pickup)
• Regulatory licensing in Singapore (MAS Financial Institutions Directory)

Why Sending Money from Singapore to Malaysia Can Be Expensive

Many people assume that the cost of sending money is just the transfer fee shown upfront. In reality, the exchange rate often matters even more.

Traditional banks typically add a markup to the SGD to MYR exchange rate. This hidden cost means you may lose more money through the rate than through the actual transfer fee. On top of that, some banks charge additional fees for international transfers or involve intermediary banks that deduct charges along the way.

For Malaysians working in Singapore and sending money home every month, these small losses can add up to hundreds or even thousands of ringgit over time.

Exchange rates change constantly, and even a small difference can affect how much your recipient receives. Before confirming a transfer, it’s a good idea to check a live quote (for example, the current SGD to MYR rate) to see the final amount in MYR.

Common Ways to Send Money from Singapore to Malaysia

1. Bank Transfers (DBS, OCBC, UOB)

Bank transfers are still widely used, especially by people who value familiarity and perceived security.

Pros

• Trusted and regulated
• Suitable for very large transfer
• Easy if you already use online banking

Note: Some Singapore banks offer low-fee or zero-fee remittance options and real-time transfers to Malaysia via PayNow–DuitNow, depending on the bank and transfer method.

Cons

• Exchange rates may include a markup compared to mid-market rates
• Processing time varies depending on whether the transfer is via SWIFT or real-time networks
• Some international transfers may involve intermediary bank fees

Best for:
Large, one-off transfers where speed and cost are less important.

2. Money Transfer Apps

Money transfer apps have become the go-to choice for many Malaysians in Singapore. They are designed specifically for international transfers and usually offer much better rates than banks.

Below are the most popular options for Singapore to Malaysia transfers.

Wise (Best Overall Choice)

Many workers send money home on a monthly basis to support parents, pay for housing or car loans, or cover education expenses in Malaysia, which makes cost transparency especially important over time.

Wise is often chosen by users looking for a cost-effective way to send money from Singapore to Malaysia, especially for monthly remittances.

Unlike banks, Wise uses the real mid-market exchange rate and charges a transparent fee upfront. This makes it easy to see exactly how much your recipient will receive in MYR.

Pros

• Real exchange rate with no hidden markup
• Low and transparent fee
• Fast transfers (same day or next working day)
• Regulated by MAS in Singapore

Cons

• Fees vary by transfer amount and payment method
• Transfer speed depends on bank processing and may be subject to compliance checks
• Primarily supports bank deposits, with no cash pickup option

Best for:
Malaysians working in Singapore who send money home regularly and want the lowest overall cost.

Instarem (Fast & Singapore-Based)

Instarem is a Singapore-based remittance service that is popular among local users. It often offers competitive SGD to MYR rates and fast delivery.

Pros

• Competitive exchange rates
• Fast transfers, sometimes within minutes
• Instarem is operated under Nium Pte. Ltd., a MAS‑licensed Major Payment Institution in Singapore.

Cons

• Payout time can vary, with some transfers taking 1–3 business days depending on bank processing
• Exchange rates and fees may change in real time
• Not always the cheapest option for every transfer amount

Best for:
Users who want fast transfers and prefer a locally established Singapore company.

Remitly (Best for Speed)

Remitly focuses heavily on speed and ease of use, making it attractive for urgent transfers or first-time users.

Pros

• Express transfers available
• Simple onboarding process
• Frequent promotions for new users

Cons

• Total cost may include an exchange rate margin and/or transfer fees, depending on speed and delivery method
• More expensive for frequent use compared to services focused on transparent pricing
• Promotions are often limited to new users

Best for:
Urgent transfers where speed matters more than cost.

3. Cash Remittance Shops

Physical remittance shops still exist, but they are becoming less popular.

Pros

• Same-day service in some cases
• Useful for users without bank accounts

Cons

• Inconvenient
• Exchange rates vary widely
• Less transparent fees

Best for:
Occasional or cash-based users, not recommended for regular transfers.

4. PayNow–DuitNow (Bank-to-Bank Transfers)

PayNow–DuitNow is a real-time bank-to-bank transfer network that allows users in Singapore to send money directly to Malaysian bank accounts using a mobile number or bank details.

Several Singapore banks support PayNow–DuitNow transfers to Malaysia, often with no transfer fees. However, the exchange rate used is typically the bank’s own rate rather than the mid-market rate.

Transfers are usually processed almost instantly, but daily limits and bank-specific cut-off rules may apply.

Best for:
Small to medium bank-to-bank transfers where speed and convenience matter more than achieving the best exchange rate.

Comparison: Which Is the Best Way to Send Money from Singapore to Malaysia?

The comparison below focuses on pricing structure, exchange rate type, and typical transfer speed. Actual fees, rates, and delivery times vary based on amount, payment method, bank processing, and compliance checks.

To compare costs accurately, enter the same transfer amount (for example, SGD 1,000) in each service and compare how much the recipient actually receives in MYR before confirming.

Related Cross-Border Payment Guides

If you’re exploring different ways to move money across borders in Southeast Asia, the guides below cover related payment networks, digital wallets, and real-world use cases that complement Singapore-to-Malaysia transfers.

• PayNow vs DuitNow explained
  – A practical breakdown of how Singapore’s and Malaysia’s real-time payment networks work.
• Google Pay integration with Malaysian eWallets
  – How Google Pay connects with ShopeePay and Touch ’n Go for regional payments.
• Western Union and MoneyGram consolidation
  – What major remittance mergers could mean for global money transfers.
• FX volatility and cross-border money flows
  – How currency movements and global trade policies affect international transfers.
• Crypto-to-fiat payments for tourists
  – How Thailand is enabling crypto-to-Baht payments and what it means for cross-border spending.

Which Option Should You Choose?

Cheapest for monthly remittance

If you send money home to Malaysia on a regular basis, such as every month, options with transparent pricing and exchange rates close to the mid-market rate tend to be more cost-effective over time.

This is especially important for ongoing support like family expenses, housing loans, or education costs.

Fastest for emergencies

For urgent situations where funds need to arrive quickly, choosing a service that offers faster payout options or express transfers can help ensure timely delivery.

Keep in mind that faster transfers may come with higher overall costs.

Best for bank-to-bank real-time transfers

If you prefer sending money directly from your Singapore bank account to a Malaysian bank account, real-time bank-to-bank networks can offer near-instant transfers within supported limits.

These options are convenient for quick transfers, but may use bank exchange rates instead of mid-market rates.

Best Option for Malaysians Working in Singapore

For many Malaysians working in Singapore, salaries are commonly credited to local banks such as DBS, POSB, OCBC, or UOB. This makes it easy to send money to Malaysia using either bank-based transfers or money transfer apps linked to these accounts.

For most Malaysians working in Singapore, money transfer apps are the best option. They are cheaper, faster, and more transparent than traditional banks.

Among all available services, Wise stands out as the most cost-effective choice for regular transfers. Its use of the real exchange rate means your family in Malaysia receives more MYR for the same amount of SGD.

If speed is your top priority, Instarem or Remitly can be good alternatives, especially for urgent or occasional transfers.

Things to Consider Before Sending Money

Before choosing a transfer method, consider the following:

Expect identity verification (KYC) and occasional compliance checks—especially for first-time transfers or larger amounts. Processing times may also be affected by public holidays in either Singapore or Malaysia, even though both countries share the same time zone.

This is a normal requirement for regulated money transfer services in Singapore and Malaysia.

• Exchange rate: A small difference can have a big impact over time

• Fees: Always check the total cost, not just the advertised fee

• Transfer speed: Same day vs next working day.
  Transfers initiated before the daily cut-off time are more likely to be processed on the same day.

• Security: In Singapore, choose providers licensed by MAS. In Malaysia, remittance and money services activities are regulated under the Money Services Business Act framework overseen by Bank Negara Malaysia.

• Recipient convenience: Direct bank deposit vs cash pickup

Final Verdict: What Is the Best Way to Send Money from Singapore to Malaysia?

For the majority of Malaysians working in Singapore, the best way to send money from Singapore to Malaysia is through a reliable money transfer app.

Compared to banks, these services offer better exchange rates, lower fees, and faster delivery—making them ideal for monthly remittances and everyday needs.

Frequently Asked Questions

These answers address common questions from Malaysians working in Singapore who regularly send money home.

Is it cheaper to use a bank or a money transfer app?

In many cases, money transfer apps can be cheaper than traditional bank transfers, mainly due to more competitive exchange rates and clearer pricing.

While some banks offer low or zero transfer fees, the exchange rate used may include a markup that affects the total cost. Comparing how much the recipient actually receives in MYR is usually the most accurate way to decide.

How long does it take to send money from Singapore to Malaysia?

Transfer times vary depending on the method used.

Money transfer apps and real-time bank networks can process transfers within minutes or by the next working day, while traditional bank remittances via SWIFT may take one to three business days or longer.

Is it safe to use money transfer apps in Singapore?

Yes, reputable money transfer apps are generally safe when they are properly licensed and regulated in Singapore.

Licensed providers operate under Singapore’s Payment Services framework and are subject to regulatory and security requirements set by the Monetary Authority of Singapore.

What is the cheapest way to send SGD to MYR?

There is no single option that is always the cheapest, as costs depend on exchange rates, fees, and transfer size.

Services that use exchange rates close to the mid-market rate with transparent fees are often cost-effective, especially for regular transfers.

Is PayNow–DuitNow cheaper than Wise?

Neither option is always cheaper—it depends on exchange rates and transfer size.

PayNow–DuitNow transfers often have no transfer fee but typically use bank exchange rates, which may include a markup. Wise uses the mid-market exchange rate and charges a transparent upfront fee.

For regular monthly transfers, comparing the final MYR amount received usually gives the clearest answer.

What is the daily limit for PayNow–DuitNow transfers, and can it be increased?

Daily limits vary by bank and customer profile.

Each bank sets its own default limits, and some allow users to adjust these limits through online or mobile banking. Higher limits may require additional verification or approval.

Checking directly with your bank is the best way to confirm current limits.

Why did my transfer get delayed even though the service is usually fast?

Delays are usually caused by verification, bank processing, or public holidays.

• Identity verification (KYC): First-time users or higher-value transfers may trigger additional checks
• Public holidays: Bank holidays in Singapore or Malaysia can affect processing
• Bank processing times: Receiving banks may process funds on the next working day
• Compliance reviews: Regulated providers may occasionally conduct routine checks

These delays are normal and form part of regulatory requirements for cross-border money transfers.

The post Best Way to Send Money from Singapore to Malaysia (2026 Guide) appeared first on BSN.

[Updated on: 23 January 2026]

If you treat it like a math problem, it gets simpler: you’re trading annual fees + disciplined spending for points that might become a flight, a lounge visit, or travel insurance coverage.

Key Takeaways

• Don’t chase “10x/8x/5x” headlines—translate them into RM spent per mile (or points per RM) first.
• Miles value isn’t fixed. Your “value per mile” depends on what you redeem (and when).
• Lounge access varies wildly: unlimited vs limited passes, principal-only vs shared, and KLIA/KLIA2 terms can change.
• Many cards exclude certain spend types (e.g., some cards explicitly exclude petrol, e-wallets, quasi-cash, fees/charges).
• The best travel credit card in Malaysia depends on your mix of local vs overseas spend, preferred airline program, and whether you pay your balance in full.

Air Miles Travel Credit Card Comparison in 2026

1) UOB PRVI Miles Elite Credit Card

Best for: Frequent travellers who spend overseas (especially in Singapore/Thailand/Vietnam/Indonesia) and want convertible miles + lounge access.
Application difficulty: ⭐⭐⭐☆☆
Min income: RM8,333.33/month, RM100,000/year
Annual fee: RM600 (principal), RM0 (supp); waivers are conditional (see page)
SST: RM25 per principal & supplementary upon activation and anniversary

Earn mechanics (specific):

• Local spend: 1 UNIRM per RM1
• Airline transactions: 5 UNIRM per RM1
• Overseas spend (SG/TH/VN/ID): 12 UNIRM per RM1
• Overseas spend (other countries): 10 UNIRM per RM1

Miles/points currency:

• Earns UNIRinggit (UNIRM)
• Conversion: 12,000 UNIRM = 1,000 miles to Enrich / KrisFlyer / Asia Miles

Travel perks (only what’s stated):

• 8x complimentary access per calendar year to selected Plaza Premium Lounge locations (includes Private Lounge at KLIA1)
• Note on lounge changes (as stated on page) + supplementary lounge eligibility change
• Personal accident coverage up to RM300,000 (includes items listed on the page)

Pros

• Strong earn rate for selected ASEAN overseas spend (12 UNIRM/RM1).
• Miles’ conversion to Enrich/KrisFlyer/Asia Miles is explicitly shown.
• Lounge access allocation is clearly stated (8x/year).

Cons

• High annual fee unless you meet waiver conditions.
• Lounge access terms include change notes and supplementary restrictions (as stated).

Verdict: A miles-focused card that shines when your overseas spend matches its higher-earning countries and you value lounge access.

2) CIMB Travel World Elite Credit Card

Best for: High spenders who want premium lounge access and strong points earning on overseas/airlines/duty-free spend.
Application difficulty: ⭐⭐⭐⭐⭐
Min income: RM20,833.33/month, RM250,000/year
Annual fee: RM1,215.09 (principal), RM0 (supp); waiver tiers based on annual spend SST: RM25 per principal & supplementary upon activation and anniversary

Earn mechanics (specific):

• Overseas + airlines + duty-free: 10x Bonus Points per RM1
• Other local spending: 2x Bonus Points per RM1
• Local education/insurance/utilities: 1x Bonus Point per RM1

Miles/points currency:

• Earns CIMB Bonus Points
• “Pay With Points” is stated as 500 Bonus Points = RM1 (participating merchants).
• Conversion ratios/airline partners are not stated on the page—verify issuer.

Travel perks (only what’s stated):

• 12x shared complimentary access annually to Plaza Premium First (KLIA) + participating Plaza Premium lounges worldwide (shared principal + supplementary).
• 12x access to Sky Lounge at SkyPark Terminal, Subang (valid till 31 Jan 2026 as stated).
• Travel medical + accident insurance up to USD 500,000 if you charge full travel fares (activation specifics not fully detailed on the summary).

Pros

• Very clear earning emphasis on overseas/airlines/duty-free (10x).
• Premium lounge access volume is explicitly stated (Plaza Premium First + global lounges).
• “Pay With Points” conversion (500 points = RM1) is stated, which helps estimate floor value.

Cons

• High income requirement + high annual fee unless you meet waiver spend thresholds.
• Airline-mile transfer partners/ratios aren’t specified on the summary—extra homework required.

Gotchas / fine print to watch

• Insurance requires charging “full travel fares” (details are summary-level—verify PDS).
• FX fees and points expiry are not stated here—verify issuer terms.

Verdict: A premium travel card where the lounge benefits and 10x overseas-style earn can make sense—if you’re already in the required income/spend bracket.

3) Standard Chartered Journey Credit Card

Best for: Travellers who want unlimited KLIA/KLIA2 lounge access (principal) and spend heavily on dining/travel/overseas retail.
Application difficulty: ⭐⭐⭐☆☆
Min income: RM8,000/month, RM96,000/year
Annual fee: RM600 (principal), RM0 (supp); waiver conditions shown on page
SST: RM25 per principal & supplementary upon activation and anniversary

Earn mechanics (specific):

• Dining, travel, overseas retail: 1 Miles Point per RM1
• Eligible local spends: 1 Miles Point per RM5
• Stated exclusions (summary-level) include: government-related transactions, cash withdrawals, utilities (telco/cable TV), e-wallets, and certain “special events” categories.

Miles/points currency:

• Earns Miles Points
• Conversion: 2 Miles Points = 1 Air Mile
• Airline partners/transfer details: Not stated—verify issuer T&Cs.

Travel perks (only what’s stated):

• Unlimited access to participating Plaza Premium Lounge in KLIA and KLIA2 for principal with a valid international boarding pass.
• Airport transfer promo: “save up to RM65 via Grab ride to/from any airport in Malaysia” with stated spend condition.

Pros

• Unlimited KLIA + KLIA2 Plaza Premium Lounge access (principal) is a standout perk.
• Straightforward 1 point per RM1 for dining/travel/overseas retail.

Cons

• Local “other spend” earns slowly (1 point per RM5).
• Multiple exclusions are explicitly noted (e-wallets, certain utilities, etc.).

Gotchas / fine print to watch

• Your “local spend” must be eligible; excluded categories can quietly reduce earn.
• Airline partners/transfer mechanics aren’t listed in the summary—verify issuer before valuing points.

Verdict: A strong lounge-first card if you can use unlimited KLIA/KLIA2 access, but it’s less attractive for general local spending.

4) HSBC TravelOne Credit Card

Best for: Travellers with meaningful foreign-currency spend who also want points on local dining + travel and a small set of regional lounge passes.
Application difficulty: ⭐⭐⭐⭐☆
Min income: RM8,500/month, RM102,000/year
Annual fee: RM300 (principal) (first year free; waiver condition stated), RM150 (supp)
SST: RM25 per principal & supplementary upon activation and anniversary

Earn mechanics (specific):

• Foreign currency spend: 8x Reward Points
• Local travel (hotels/airlines/travel agencies): 5x Reward Points
• Local dining: 5x Reward Points
• Other eligible spend: 1x Reward Point
• Stated exclusions include petrol, government-related, charitable, Quasi Cash, and fees/charges.

Miles/points currency:

• Earns HSBC Reward Points
• Summary lists redemption options/partners (e.g., air miles/hotel points), but conversion ratios aren’t stated—verify issuer.

Travel perks (only what’s stated):

• 6x complimentary annual lounge passes (shared principal + supplementary) to participating Plaza Premium Lounge in KLIA, Singapore Changi, Hong Kong International Airport.
• Travel insurance up to USD 250,000 if you charge the full fare of flight tickets with the card.

Pros

• Clear “foreign currency spend” multiplier (8x) for overseas-heavy users.
• Lounge passes include KLIA + major regional hubs (Changi, HKIA).
• Insurance trigger is clearly stated (full fare flight tickets charged to card).

Cons

• Conversion ratios/partners are summary-level; hard to value points without checking issuer details.
• Exclusions include petrol and other categories (as stated).

Gotchas / fine print to watch

• Miles value depends on conversion ratio and partners (not provided here)—verify before assuming “miles value.”
• If your “travel” spend doesn’t code as a travel agency/airline/hotel, your earn rate may differ—verify MCC rules in T&Cs. (Not stated in summary.)

Verdict: A practical pick for foreign-currency spenders, but you’ll need issuer confirmation on conversion ratios to judge true miles value.

5) UOB Visa Infinite Credit Card

Best for: High-income travellers with regular overseas FX spend, who also value DragonPass lounge access and limo perks, and can hit the dining threshold for bonus points.
Application difficulty: ⭐⭐⭐⭐☆
Min income: RM10,000/month, RM120,000/year
Annual fee: RM600 (principal), RM300 (supp); waivers are conditional (see page)
SST: RM25 per principal & supplementary upon activation and anniversary

Earn mechanics (specific):

• Overseas spend (foreign currency): 10 UNIRinggit points per RM1
• Dining:
  • 5 points per RM1 if monthly total dining ≥ RM1,000
  • otherwise 1 point per RM1 on dining
• Other local spends: 1 point per RM1 (with stated exclusions such as cash advance, IPP, petrol, certain bodies/organisations)

Miles/points currency:

• Earns UNIRinggit
• Conversion: 12,000 UNIRinggit = 1,000 miles to Enrich / KrisFlyer / Asia Miles

Travel perks (only what’s stated):

• Lounge: 12x complimentary access to selected airport lounges in Asia Pacific via Airport Companion by DragonPass mobile app (includes private lounge at KLIA1; 1 access per day).
• Note on KLIA Terminal 2 lounge availability change (as stated).
• Travel insurance up to RM500,000 when you charge air ticket bills to the card (benefit breakdown shown on page).
• Limo: “up to 12x complimentary limo services to KLIA/KLIA2” with stated spend condition.

Pros

• Clear overseas earning (10 points/RM1 in foreign currency).
• Convertible miles pathway (Enrich/KrisFlyer/Asia Miles) is explicitly listed.
• Lounge + insurance perks are clearly described at summary level.

Cons

• Dining bonus depends on hitting RM1,000 monthly dining—miss it and you drop to 1 point/RM.
• Lounge access includes a note about KLIA T2 availability changes (as stated).

Gotchas / fine print to watch

• FX fee and points expiry are not stated on this summary—verify issuer T&Cs/PDS.
• Exclusions apply to “other local spends” earning—verify the latest exclusion list before modelling your returns.

Verdict: A premium option that can rack up miles quickly on overseas spend, but the real-world value hinges on whether you consistently hit the dining and perk-qualification thresholds.

Why Do You Need Travel Credit Card

Earn Points and Miles

Travel cards reward you in one of two buckets:

1. Air miles (or miles-like points) you can convert into airline miles
2. Bank reward points that may be redeemable for cash/merchants, or convertible to airlines/hotels (depending on the issuer)

The key difference: miles are usually more valuable for flights, but bank points can be more flexible (and sometimes easier to use).

Spending That Convert to Points

Most travel cards reward “retail spend,” but the definition of “eligible spend” can be strict.

From the card summaries you’re using, some examples of exclusions are explicitly stated:

• Some programs exclude categories like petrol, government-related transactions, charity, quasi-cash, and fees/charges from points earning.
• Some cards list e-wallets or certain utilities as excluded for earning.

Practical takeaway: before you assume your monthly spend earns miles, verify the issuer’s excluded transaction list, especially if you spend heavily on:

• e-wallet reloads/top-ups
• government services
• utilities/telco
• insurance payments
• instalments / payment plans
• cash-like transactions (gift cards, money transfers, etc.)

Redemption Flexibility (airline miles vs bank points)

Think of redemption flexibility as a spectrum:

• Airline miles (e.g., Enrich/KrisFlyer/Asia Miles)
  • Pros: potentially strong value for flight redemptions
  • Cons: availability varies; programs can change redemption rates; miles may expire
• Bank points (issuer currency)
  • Pros: sometimes redeemable as statement credit/merchant redemption; can be less stressful than chasing award seats
  • Cons: conversion partners/ratios may not be clear upfront; banks can change conversion rates or partners

If a card doesn’t clearly show airline conversion partners/ratios, treat the miles value as uncertain until you confirm it.

Travel Insurance Activation

Travel insurance bundled with a credit card is only useful if you can trigger it correctly.From your data sources, examples of activation wording include:

• Insurance coverage applies if you charge the full travel fare (or full flight ticket) to the card.
• Some cards specify coverage amounts (e.g., travel medical/accident limits) but don’t fully detail exclusions in the summary.

Practical checklist before you depend on card insurance:

• Does it require full fare or any partial payment?
• Does it cover family/supplementary cardholders?
• Does it include medical vs only accidents?
• What counts as “travel fare” (flight only vs hotels vs agencies)?
• What documentation is required for claims?

Airport Lounge Access

Lounge access is one of the most overvalued perks—until you actually travel often. When it matters, it’s great. When it doesn’t, you’re paying annual fees for a perk you rarely use.

What to look for:

• Unlimited vs limited passes (e.g., “unlimited lounge access at KLIA/KLIA2” vs “6 or 12 passes per year”)
• Principal-only vs supplementary access
• Is it shared between principal and supplementary?
• Where it works: KLIA, KLIA2, overseas hubs
• Changes/withdrawals: lounge access at specific terminals can be discontinued

For a deeper breakdown of which cards get you into which lounges (and the fine print around guesting, terminals, and yearly quotas), see our guide for Credit Card with Free Lounge Access

3 Key Formula for Travel Credit Card

Below are three formulas you can use to judge any miles credit card in Malaysia without getting lost in marketing.

Spending per Mile (SPM)

Explain
“Earn rate” is only meaningful after you translate it into a single question:
How many RM do I need to spend to earn 1 mile?

If a card earns points and then converts to miles, you need:

• points earned per RM, and
• points-to-miles conversion ratio

Example (using cards that explicitly show conversion ratios in your data)

• If a card earns 1 point per RM1, and 12,000 points = 1,000 miles, then:
  • 12,000 points = 1,000 miles → 12 points = 1 mile
  • 1 point/RM → 1/12 mile per RM
  • Spend per mile = RM12 per mile

If the same card earns 10 points per RM1 on overseas spend:

• 10 points/RM → 10/12 = 0.833 miles/RM
• Spend per mile = RM1.20 per mile

Takeaway
Before you compare cards, convert everything into either:

• miles per RM, or
• RM per mile
  It instantly exposes whether a card is only good for overseas spend, travel categories, or specific merchants.

Value per Mile (VPM)

Explain
Miles have no fixed cash value. The value depends on what you redeem. The clean way to estimate is:

Value per mile = (cash price you would have paid – taxes/fees you still pay) ÷ miles used

Example (hypothetical numbers to show the method)

• If a flight costs RM900 in cash
• You redeem it for 30,000 miles and still pay RM120 in taxes/fees
• Value per mile = (900 – 120) ÷ 30,000
• = 780 ÷ 30,000
• = RM0.026 per mile (about 2.6 sen/mile)

Takeaway
Don’t argue about “the best value per mile” online. Calculate your value based on redemptions you’d realistically take (economy vs business, regional vs long-haul, peak dates vs off-peak).

Return on Spending (ROS)

Explain
Once you know:

• how fast you earn (miles per RM), and
• your value per mile (RM per mile),
• you can estimate an effective return:

Return % ≈ (miles per RM × RM value per mile) × 100

Example
Using earlier examples:

• If your earn rate is 0.5 mile per RM (e.g., after conversion), and
• you consistently redeem at 2.0 sen per mile (RM0.02),
• Return % ≈ 0.5 × 0.02 × 100 = 1%

If your overseas earn rate is 0.833 mile per RM and your redemption value is 2.6 sen per mile:

• Return % ≈ 0.833 × 0.026 × 100 ≈ 2.17%

Takeaway
Miles cards only “win” when:

• you redeem well, and
• you avoid interest/late charges, and
• your spending actually earns at the rate you think it does (category rules matter)

Enrich vs KrisFlyer vs Asia Miles 

You don’t need to be loyal to an airline forever. But you do need a default direction, because splitting points across too many programs often means you never earn enough in any one place.

Enrich (Malaysia Airlines + partners; who it fits)

Enrich is the natural starting point for Malaysians who:

• fly Malaysia Airlines often, or
• want a home-base program that’s locally familiar

Good fit if you:

• mainly travel within the region
• prefer a program you’ll actually use rather than “maximising theoretical value”

Watch-outs:

• always check miles validity/expiry rules and redemption rates at the time you plan to redeem (programs can change)

KrisFlyer (Star Alliance; premium cabin angle)

KrisFlyer is typically chosen by travellers who:

• want broader international reach through alliance networks, or
• aim for premium cabin redemptions over time

Good fit if you:

• take longer-haul trips
• can plan and redeem strategically

Watch-outs:

• premium cabin redemptions depend heavily on seat availability and timing
• fees/surcharges and redemption rates can change

Asia Miles (Cathay/oneworld; who it fits)

Asia Miles often appeals to travellers who:

• fly via regional hubs, or
• want access to oneworld-style networks and partner options

Good fit if you:

• travel frequently in Asia and beyond
• can be flexible with routes and dates

Watch-outs:

• redemption sweet spots can shift; don’t over-earn in a program you rarely use

Practical guidance (Malaysia context):

• If your travel is mostly a few KL → ASEAN trips a year, pick the program you’re most likely to redeem without stress.
• If you’re chasing higher value redemptions, accept that it’s a hobby: planning and flexibility become part of the “cost.”

More Flexible Options: Bank Points (transferable currencies)

Some travel cards don’t give you “miles” directly. They give you bank points first. The advantage is flexibility—if you can convert them to the programs you want at a fair ratio.

Based on your data sources, here are the point currencies that appear:

• UOB UNIRinggit / UNIRM: explicitly shown as convertible to Enrich/KrisFlyer/Asia Miles at 12,000 points = 1,000 miles (for the UOB cards in your set).
• CIMB Bonus Points: earns strongly on overseas/airlines/duty-free in your dataset; also shows a “Pay With Points” merchant redemption reference (500 points = RM1) in the summary.
• HSBC Reward Points: strong multipliers on foreign currency and local dining/travel in your dataset; conversion ratios aren’t stated in the summary, so treat transfer value as “verify first.”
• Standard Chartered Miles Points: shown as convertible at 2 points = 1 air mile in your dataset; airline partners aren’t listed in the summary.

Why flexible points can be safer

• You can delay deciding which airline program to commit to
• You may redeem via merchants/statement options if travel plans change (where offered)

Why flexible points can disappoint

• Conversion partners/ratios may not be transparent in summaries
• Banks can change transfer ratios or partner lists
• Points may have expiry rules that differ from airline miles (not always clearly stated upfront)

Rule of thumb:
If a card doesn’t clearly state (1) conversion ratio and (2) where you can convert, don’t assign it a “miles value” until you verify those details from the issuer.

Conclusion

A travel credit card in Malaysia is worth it when it matches your real travel life:

• You spend enough in the categories that earn well (often overseas FX, travel, dining)
• You’ll actually use the perks (lounges, insurance)
• You redeem consistently (even once a year is fine)
• You pay your statement in full so interest doesn’t wipe out the value

Choose in 3 steps

1. Pick your redemption direction: Enrich, KrisFlyer, Asia Miles, or “flexible points first.”
2. Map your spend: local vs overseas, dining/travel categories, and any thresholds (monthly dining minimums, travel spend requirements).

Validate the perks: lounge access limits (and terminal coverage), insurance activation trigger, annual fee waiver conditions, and exclusions.

FAQ

The post Best 5 Travel Credit Card for Air Miles in Malaysia 2026 appeared first on BSN.

[Updated on: 21 January 2026]

The good news: you don’t need to be a points hobbyist to use a petrol cashback card Malaysia strategy properly. You just need to evaluate petrol cards the way banks calculate rewards: by eligibility + caps + thresholds + transaction classification.

How we evaluate

We prioritize effective cashback after caps, minimum-spend realism, payment method compatibility (pay-at-pump, counter, Setel, e-wallet/QR), and clarity of terms. Where a detail isn’t clearly stated by the issuer, we treat it as a risk and tell readers what to verify before relying on it.

What to verify before you apply (quick checklist)

• Minimum income and fees (annual fee, SST)
• Cashback posting timing (statement cycle vs calendar month)
• Cashback cap mechanics (per category? combined cap?)
• Minimum spend requirement (petrol-only vs total retail spend)
• Excluded payment types / MCCs (e-wallet reloads, QR flows, app top-ups)
• Petrol brand tie-in (Shell/Petronas/Petron only)
• Weekend rules (if any) and how they’re defined (Fri–Sun vs Sat–Sun)

Petrol Cashback Card Comparison (2026)

1) CIMB PETRONAS Visa Infinite-i Credit Card

Application difficulty: ⭐⭐⭐⭐☆. 

Min Monthly Income: RM10,000

Annual Fee: RM0 free for life

Petrol cashback mechanics:

• Eligible petrol-related spend stated: PETRONAS transactions + Setel App transactions at PETRONAS + EV charging at PETRONAS.
• Cashback tiers (tied to statement balance, not just spend):
  • 12% cashback, petrol cashback cap RM60/month if statement balance RM4,000+ monthly
  • 6% cashback, cap RM60/month if statement balance RM1,500–RM3,999 monthly
• Weekend/weekday rule: Not stated—verify issuer T&Cs / product disclosure sheet.
• Minimum spend petrol cashback: Not stated as a spend threshold; cashback eligibility is stated as statement-balance tiering. What happens below RM1,500 statement balance is not stated—verify issuer T&Cs / product disclosure sheet.

Pros:

• Explicitly includes Setel App at PETRONAS and PETRONAS EV charging as eligible petrol-related spend.
• Clear, high headline petrol cashback rate (tiered).
• Annual fee stated as free for life.
• Cashback tiers and caps are clearly stated (within the data pack).

Cons:

• Cashback depends on statement balance tiers, which many readers misunderstand as “spend.”
• Petrol cashback cap is RM60/month, which heavy drivers can hit.
• Weekend/weekday treatment not stated.
• Eligibility details for payment flows (pump vs counter vs QR) are not stated.

Gotchas:

• The “best” rate requires a statement balance of RM4,000+, not just petrol spend.
• The RM60 cap can be reached quickly at 12% (about RM500 petrol spend).
• If you also earn cashback in other categories that share the same cap (stated on the page), your effective petrol cashback cap may feel lower in practice.

Verdict: A PETRONAS-focused cashback card with strong stated rates, but the statement-balance tiering and monthly cap are what will decide your real returns.

2) PETRONAS Maybank Visa Gold/ Platinum

Best for: PETRONAS drivers who prefer rewards points (TreatsPoints) rather than cashback, and who refuel more on weekends for higher multipliers.

Application difficulty: ⭐⭐⭐☆☆.
Min Monthly Income: RM2,500

Annual Fee: RM0 free for life

Petrol cashback mechanics:

• Not a cashback card. Petrol reward type is TreatsPoints, not cashback.
• PETRONAS points multipliers (PETRONAS transactions):
  • Weekdays: 5x TreatsPoints (5 points per RM1)
  • Weekends: 8x TreatsPoints (8 points per RM1)
• Petrol cashback cap / minimum spend petrol cashback: Not applicable (no cashback rate/cap stated). Points caps are not stated—verify issuer T&Cs / product disclosure sheet.
• Weekend/weekday rule: Yes (weekday vs weekend multipliers stated).
• Petrol brand limitations: PETRONAS (stated).

Pros:

• Straightforward PETRONAS-focused points earning with clear weekday/weekend multipliers.
• Annual fee stated as free for life.
• Useful if you already redeem TreatsPoints for PETRONAS-related redemptions (positioning stated).
• Simple to understand compared with multi-tier cashback caps.

Cons:

• Not a petrol cashback card Malaysia option (it’s points-based).
• No TreatsPoints for e-wallet reload is explicitly stated.
• Points value depends on redemption (not stated here).
• Payment-flow eligibility (Setel, pay-at-pump vs counter) is not stated.

Gotchas:

• If your habit is topping up wallets, points may not post (e-wallet reload exclusion is stated).
• Weekend refuels matter—weekday refuels earn less.
• If you specifically want “cashback you can see in RM,” this card may not match expectations.

Verdict: Best treated as a PETRONAS rewards card with strong weekend multipliers—not a “best petrol credit card 2026 Malaysia” pick if your goal is cashback in ringgit.

3) Maybank Islamic PETRONAS Ikhwan Visa Gold/Platinum Card-i 

Best for: PETRONAS drivers who refuel mainly on weekends and want a simple cashback structure without a stated minimum petrol spend.
Application difficulty: ⭐⭐⭐⭐☆. 

Min Monthly Income: RM2,500

Annual Fee: RM0 free for life

Petrol cashback mechanics:

• Petrol brand limitation: PETRONAS (stated).
• Weekend vs weekday rule (core mechanic):
  • Weekend PETRONAS spend: 8% cash rebate, petrol cashback cap RM50/month, spend stated as “any amount”
  • Weekday PETRONAS spend (Mon–Fri): 1% cashback, cap RM50/month, spend stated as “any amount”
• Minimum spend petrol cashback: Stated as “any amount” for petrol cashback; no threshold stated beyond that.

Pros: 

• Very clear weekend vs weekday petrol rebate structure.
• Weekend rate is high (within the data pack) and easy to plan around.
• No stated minimum petrol spend beyond “any amount.”
• Annual fee stated as free for life.

Cons:

• The RM50/month petrol cashback cap limits upside for heavy weekend drivers.
• Weekday cashback (1%) is modest.
• Setel / QR / e-wallet compatibility for petrol cashback is not stated.
• PETRONAS-only limitation

Gotchas:

• If you refuel mostly Mon–Fri, you may feel the card “doesn’t do much,” even if cashback posts correctly.
• The cap can be reached quickly with weekend refuelling (around RM625).
• TreatsPoints exceptions (government bodies, e-wallet reloads) are mentioned for points earning—cashback eligibility for those payment types is not stated.

Verdict: A straightforward PETRONAS weekend-focused petrol cashback card Malaysia option, as long as you accept the RM50 cap and don’t expect strong weekday returns.

4) Public Bank Petron Visa Gold

Best for: Petron-loyal drivers who spend consistently at Petron stations and want a tiered cashback structure that rewards higher monthly station spend.
Application difficulty: ⭐⭐⭐☆☆. 

Min Monthly Income: RM2,000

Annual Fee: RM0 free for life

Petrol cashback mechanics:

• Petrol brand limitation: Petron stations only (stated).
• What counts (as stated): Fuel + non-fuel at Petron stations only (tiering applies to total monthly spend at Petron stations).
• Tiered cashback (monthly Petron station spend):
  • RM1–RM100: 0.5% (cap RM50/month)
  • RM101–RM200: 1% (cap RM50/month)
  • RM201–RM500: 2% (cap RM50/month)
  • RM501–RM800: 3% (cap RM50/month)
  • RM801+: 5% (cap RM50/month)
• Minimum spend petrol cashback: Tiered by Petron station spend; the page highlights that 5% requires RM801+ monthly at Petron stations.
• Weekend/weekday rule: Not stated.
• Other spend: All local & overseas retail spends: 0.1% cashback, uncapped (stated).

Pros:

• Tiering is transparent and tied to actual spend at Petron stations.
• 5% tier is available once monthly station spend crosses RM801 (within the data pack).
• RM50 petrol cashback cap is relatively high compared with some petrol cards.
• Small uncapped cashback exists for other retail spend (0.1%).

Cons:

• Must be loyal to Petron to get meaningful value (Petron-only).
• Lower tiers are modest; casual drivers may see small RM returns.
• Payment-flow eligibility (pump vs counter vs QR) is not stated.
• Weekend/weekday treatment is not stated.

Gotchas:

• “Petrol” value here is really “Petron station spend” (fuel + non-fuel), which is different from cards that only reward fuel.
• If you don’t reach RM801+ at Petron stations, you won’t see the headline 5% tier.
• Always check how your Petron transactions are classified (MCC code petrol / station coding not stated—verify issuer T&Cs).

Verdict: A sensible Petron-only cashback structure where your real return depends on whether you can consistently reach higher monthly spend tiers at Petron stations.

5) RHB Shell Visa Credit Card 

Best for: Shell-loyal drivers who can reliably hit total monthly spend tiers and want petrol cashback at Shell—while accepting a relatively low petrol cashback cap.
Application difficulty: ⭐⭐⭐☆☆. 

Min Monthly Income: RM2,000

Annual Fee:  first year free, RM195 for subsequent years, waived if swipe minimum 24 times;

Petrol cashback mechanics:

• Petrol brand limitation: Shell (petrol cashback applies at Shell; stated).
• Tiered petrol cashback (Shell petrol spend), based on total monthly spend:
  • Total monthly spend RM3,000+ → 12% petrol cashback, petrol cashback cap RM30/month
  • Total monthly spend RM2,000–RM2,999 → 5% petrol cashback, cap RM30/month
  • Total monthly spend RM1,000–RM1,999 → 3% petrol cashback, cap RM30/month
• Weekend/weekday rule: Not stated.
• Minimum spend petrol cashback: Total monthly spend tiering applies (RM1,000 / RM2,000 / RM3,000 thresholds stated).

Pros:

• Clear Shell petrol cashback tiers tied to total monthly spend.
• Can reach a high headline petrol cashback rate at the top tier (within the cap).
• Annual fee waiver condition is stated (swipe count).
• The page states an effective date for benefits (useful for readers).

Cons:

• Petrol cashback cap is only RM30/month, even at 12%.
• To access the highest petrol rate, you must hit RM3,000+ total monthly spend.
• Weekend/weekday mechanics not stated.
• Payment-flow eligibility (pump vs counter vs QR) not stated.

Gotchas:

• At the 12% tier, the petrol cashback cap is reached after about RM250 Shell petrol spend—heavy drivers won’t get more petrol cashback after that.
• The petrol cashback tier depends on total monthly spend, not petrol spend alone (classic minimum spend petrol cashback trap).
• Benefits are stated as effective 8 Sept 2025 on the page; treat older screenshots or older blog posts cautiously.

Verdict: A Shell-only cashback card where the headline rate is less important than the RM30 petrol cashback cap and whether you can consistently meet the required total monthly spend tier.

Key Aspects of Petrol Credit Cards in Malaysia

Your Regular Petrol Brand (Shell vs Petronas vs Petron)

For petrol credit cards in Malaysia, brand loyalty isn’t just preference—it’s eligibility. Many petrol cards are co-branded or structured so that the “good” rate only applies at a specific network (e.g., Shell-only, Petronas-only, Petron-only). If you routinely refuel across brands based on price, location, or queue length, you’ll frequently land in the base rate (or no special petrol rate), even if the card advertises a big petrol number.

Practical way to decide:

• If one brand accounts for most of your refuels (home + work route), a brand-linked petrol cashback card Malaysia setup can make sense.
• If you’re mixed-brand, you should prioritize either:
  • a card with broad petrol eligibility (if clearly stated), or
  • a general cashback card where petrol is just one of multiple categories (so your rewards don’t collapse when you refuel elsewhere).

Cashback Rate vs Monthly Cashback Cap (why headline % misleads)

The headline percentage is the bait. The cap is the reality.A petrol cashback cap is the maximum monthly petrol cashback you can earn for that category. Once you hit it, extra petrol spending earns little or nothing (depending on the card’s base rate structure).A simple illustration:

• If a card offers 10% petrol cashback but caps petrol cashback at RM30/month, the “rewarded” petrol spend is effectively limited to about RM300/month at that 10% rate. Past that, you’re done for the month.

That’s why two people using the same card can have totally different experiences:

• Driver A spends RM250/month and feels it’s “amazing.”
• Driver B spends RM800/month and feels it’s “meh,” because the cap hits early.

When comparing “best petrol credit card 2026 Malaysia” options, the honest comparison is:

• Effective monthly return (after cap), not the headline percent.

Minimum Monthly Spend (the hidden deal breaker)

This is the most common reason petrol cashback doesn’t show up. Many petrol cashback cards require you to hit a minimum spend petrol cashback threshold—often based on total monthly retail spend, not petrol spend. So many cardholder will also check out other Cashback Credit Card instead of petrol cashback card. However,  if you don’t meet it, the petrol cashback might:

• drop to a lower tier,
• revert to a base reward rate,
• or not trigger at all (depending on the issuer’s rules).

How to protect yourself:

• Treat the minimum spend as “non-negotiable.” If you can’t reliably hit it, don’t plan your budget around the petrol cashback.
• If you’re short, shift predictable bills (groceries, utilities, telco) to the same card—only if those transactions are stated as eligible retail spend in the issuer’s terms.

Weekend vs Weekday Cashback (when it matters, how to plan)

Weekend multipliers or weekend-only cashback can look generous—but they’re only useful if they match how you refuel.

If you refuel:

• after work on weekdays → weekend-heavy cards may underperform
• family errands on weekends → weekend-weighted cards can be easy wins

Planning tips:

• If your card defines “weekend,” check what the issuer means (some define it as Sat–Sun; others include Friday).
• If you travel long distances, plan one larger refuel on the rewarded days rather than multiple smaller weekday refuels—but only if you’re not pushing beyond the monthly cap.

MCC Codes & E-Wallet Compatibility (why the same top-up may not count)

This is the technical piece that causes the most confusion: cashback engines often depend on how the transaction is classified, not your intention.

A Merchant Category Code (MCC) is a 4-digit code used by card networks to classify merchants by business type. Banks use that classification for rules like “petrol cashback applies to petrol MCC only.”

What this means in daily Malaysian life:

• Paying at a petrol station doesn’t always guarantee the transaction is treated as “petrol.”
• Paying through an app or by topping up a wallet first can change how the transaction is classified.

This is why “e-wallet petrol cashback” is tricky: some flows may count, others may not, and issuers rarely explain it in plain language. Your safest move is always to follow what the issuer explicitly calls “eligible petrol spend” and treat anything else as “maybe.”

What Is MCC Code

An MCC (Merchant Category Code) is a four-digit classification assigned to a merchant by the card network (Visa/Mastercard/Amex, etc.). Banks use MCCs to decide whether your transaction qualifies for cashback categories like petrol.

The important part: banks reward the transaction category they see, not the category you meant.

That’s why a user can “do everything right” (they bought petrol!) and still miss cashback—because the transaction came through under a different classification.

Petrol paid via e-wallet/QR

Two common patterns:

1. Direct payment at station using your card
2. Top up an e-wallet, then pay via QR / wallet

In the second pattern, the card transaction might be treated as an e-wallet reload or payment service, not petrol. This is also why some platforms apply separate fees to credit card top-ups (it’s treated as a wallet top-up transaction, not a petrol purchase). For example, Setel states a convenience fee applies when topping up Setel Wallet using credit cards (fee level is shown in Setel’s help documentation). 

What to do: if your card’s petrol cashback is important, prefer direct petrol payments unless the issuer explicitly states that the wallet/app flow is eligible.

Petrol app / Pay-at-pump vs counter

Even within the same station, your experience can vary by payment flow:

• Pay-at-pump can trigger a pre-authorisation hold (a temporary hold amount) before final settlement. Shell’s Malaysia support notes a pre-authorised amount (e.g., RM200 for Visa/Mastercard) when paying at the pump, and that the unutilised amount is released after settlement.
• Counter payment may settle differently and can be simpler if you’re managing tight available credit.

Important: pre-authorisation is not the same as cashback eligibility—but it’s part of real-life “petrol card” experience and a common reason people think they were “charged extra.”

5 Things to Know Before Applying for Petrol Cashback Cards

Wrong Payment Method = No Cashback

Treat payment methods as “eligibility gates.” Your issuer might reward petrol when you:

• pay directly at the station terminal,
• but not when you route payment through a wallet reload or certain QR flows (depending on how transactions are classified and the issuer’s exclusions).

A simple habit that reduces disappointment:

• Do one small “test” refuel early, then check your statement/rewards posting before you commit to using that card for every refuel.

E-Wallet Reload Might Not Trigger Cashback

This is where many Malaysians get caught because it feels like petrol.

If you reload a wallet first, you’ve made a wallet top-up transaction. Some wallets explicitly charge a fee for credit card top-ups; Setel’s help documentation describes a convenience fee for credit card top-ups.

Even if the wallet is used for petrol later, the bank may see:

• “wallet reload” rather than “petrol transaction.”

So:

• Don’t assume e-wallet petrol cashback is automatic.
• Look for explicit issuer wording about eligible payment channels (app payments, QR, wallet reloads).

Missing Cashback Due to Monthly Spend Requirement

Minimum spend rules don’t care that petrol is essential spending. If your card requires a total monthly spend to unlock petrol cashback, you need a plan to hit it consistently.

Two patterns work for most households:

• “One-card month”: route groceries/utility/telco to the same card to meet thresholds.
• “Two-card split”: use the petrol card until cap is hit, then move to a general cashback card (only if the general card is better for your other categories).

If you can’t hit the minimum spend reliably, choose a card that doesn’t require it—or accept that your petrol cashback will be lower than the headline rate.

Petrol Benefits Change Over Time (review T&Cs + “effective date”)

Banks update caps, tiers, and exclusions. Your “best petrol credit card 2026 Malaysia” pick today can become average after a revision.

What to do:

• Check for an issuer “effective date” in announcements or the product disclosure sheet.
• In your own article, add a visible “last updated” date (you’re already doing this)—that’s an EEAT trust signal.

Islamic & Conventional Cards Restrictions (keep factual and neutral)

Islamic (“i”) cards can structure benefits as rebates rather than “interest-based” features. Functionally, you may still receive value back—but wording, posting mechanics, and certain restrictions can differ by issuer.

Practical advice:

• Don’t assume the Islamic and conventional versions are identical.
• Verify: fees, cashback/rebate posting timeline, and any excluded transaction types.

Conclusion

A petrol credit card Malaysia pick is only “best” when it matches three things: your petrol brand, your realistic monthly spend, and how you pay (terminal/app/wallet/QR). Most disappointment happens when people select based on headline cashback, then discover caps and eligibility rules after the first statement.

If you’re choosing based on patterns (not hype):

• Single-brand loyalists usually get the most value from brand-linked structures (Shell vs Petronas vs Petron).
• Mixed-brand drivers should focus on clarity, caps, and minimum spend realism; “petrol-specialist” cards may not be optimal if you can’t keep transactions within the rewarded brand/channel.
• Heavy drivers should treat the cap as the true limit and plan what card comes next after the cap is hit.

Choose in 3 steps (simple checklist)

1. Pick your fuel reality: Which brand do you refuel most often (and can you stick to it)?
2. Calculate your monthly ceiling: What’s your likely petrol spend (RM200–400 vs RM600–1,000), and how quickly will a petrol cashback cap cut you off?
3. Confirm eligibility: Can you meet minimum spend, and does your payment flow (pay-at-pump / counter / Setel / e-wallet/QR) match what the issuer treats as eligible petrol spend?

The post Best 5 Petrol Credit Card Malaysia 2026: Cashback Guide appeared first on BSN.

[Updated on: 19 January 2026] Malaysians are trying to stretch the same monthly budget—petrol, groceries, bills, Grab, online shopping—without turning everyday spending into a complicated “points game”. That’s why the cashback credit card Malaysia search never really slows down: cashback feels simple, immediate, and easy to compare.

But cashback is rarely “as advertised”. The headline percentage is only one part of the story. The real winners are determined by cashback cap, minimum spend, and how a bank defines categories (often via MCC codes, the merchant category codes behind the scenes). One wrong merchant classification or one missed threshold, and a “10% card” can quietly pay out 0.2%.

Key takeaways

• Always check the monthly cap before chasing a high %.
• “Minimum spend” can mean total monthly retail spend or per-category minimums—they work very differently.
• Some cards pay higher cashback only if you hit a spend tier (or a balance-based condition).
• Category definitions can be strict (e.g., dining may be limited to specific MCC codes).
• E-wallet cashback is not universal—treat it as “opt-in unless stated”.
• Paying interest/late fees can wipe out a full month of cashback gains.

What to Consider When Choosing Credit Card for Cashback

Cashback Rate

The cashback percentage tells you how fast you earn—but not how much you’ll actually get. A 10% cashback rate can be less valuable than 3% if:

• the cap is tiny, or
• The rate is locked behind a high monthly spend threshold.

Treat the rate like a “speed limit”. The cap is the “distance” you can travel each month.

Monthly Cashback Cap

The cashback cap is the maximum you can earn per month (sometimes per category). When caps are low, your “effective cashback rate” drops fast once you spend past the cap.

A quick way to sanity-check:

• If a category pays 10% capped at RM15/month, the most that category can reward is RM15 even if you spend RM1,000.
• At 10%, you hit RM15 cashback after RM150 of eligible spend (because RM150 × 10% = RM15).

Minimum Spending

“Minimum spend” is where most people slip. It can mean:

• Total monthly retail spend threshold (e.g., hit RM1,500+ monthly spend to unlock a higher rate), or
• Per-category minimum (e.g., spend at least RM250 in groceries and RM250 in utilities to earn category cashback), or
• A balance-based condition (e.g., statement balance or previous balance amount affects the rate/cap).

If you can’t reliably hit the threshold most months, assume you’ll earn the lower rate.

What to verify before applying (quick checklist)

• Income requirement (monthly/annual) and who qualifies (principal vs supplementary)
• Annual fee and waiver rules (and whether they’re realistic for you)
• Cashback posting time (same month vs following month) — Not stated—verify T&Cs
• How caps work: per category or overall cap?
• What counts toward “minimum spend”: retail only? includes online? excludes utilities? — Varies by issuer/terms—check the product page or T&Cs.
• Exclusions list (government payments, insurance, etc.)
• E-wallet eligibility (top-ups vs spend; which wallets are included) — if it matters to you

Quick Glance of Cashback Credit Card Malaysia

1)RHB Shell Visa Credit Card

Best for: If you’re a regular Shell driver and you can reliably hit monthly spend tiers, this card is built around that pattern.
Application difficulty: ⭐⭐⭐☆☆.
Min monthly income: RM2,000.

How the cashback works: 

• Shell petrol: Tiered cashback (12% / 5% / 3%) based on total monthly spend, capped at RM30/month.

• Groceries & utilities: Tiered cashback (5% / 2% / 1%) with minimum RM250 per category, cap RM10/month per category.

• E-wallet top-ups & online spend: Tiered cashback (5% / 2% / 1%) with minimum RM500, cap RM10/month.

• Overseas spend: Tiered cashback (5% / 2% / 1%), cap RM50/month.

• Other spend: 0.2% uncapped.

Extras: It’s one of the more “all-rounder” structures in this list because it covers petrol, groceries, utilities, e-wallet/online, and overseas—though caps vary by category. The annual fee is shown as RM195 for principal (supplementary RM0), with first year free and a waiver rule tied to a minimum number of swipes (as stated).

Gotchas / fine print to watch: The biggest trap is thinking the cashback is purely category-based—your rates are tied to total monthly spend tiers, and several categories also have their own minimum spend thresholds. Petrol cashback is explicitly for Shell petrol spend, so it’s not a fit if you rotate brands often.

Verdict: Great upside for Shell loyalists with consistent spending, but the tier-and-threshold structure punishes “in-between” months.

2)UOB ONE Card

Best for: People who can consistently spend at least RM1,500 per statement month and want focused cashback on petrol, groceries, dining, and Grab.
Application difficulty: ⭐⭐⭐⭐☆.
Min monthly income: RM3,000.

How the cashback works:

• Petrol, groceries, dining, Grab:

• • 10% cashback if monthly retail spend ≥ RM1,500, capped at RM15/month per category.
  • 0.2% cashback if spend ≤ RM1,499 (same RM15 cap).
• Other retail spend: 0.2% uncapped.

Extras: The category clarity (especially groceries/dining/Grab definitions) is a real advantage because it reduces guessing. Annual fee is shown as RM195 (principal) / RM100 (supplementary) with waiver conditions stated (including a first-year waiver for “New To Bank” customers under a campaign end date, and a spend-based waiver rule for subsequent years).

Gotchas / fine print to watch: The caps are the limiting factor: RM15/month per category means you can hit the ceiling quickly, so your “effective” cashback rate may be much lower than 10% once you spend past the cap. Also, the 10% rate depends on meeting the overall monthly retail spend threshold, not just spending within one category.

Verdict: Strong on paper and clearer than most on category definitions, but the small caps are what ultimately determine value.

3)AFFIN DUO Visa Cash Back

Best for: Malaysians who spend heavily on online shopping, auto-billing, and e-wallet usage, and who want those categories explicitly recognised.
Application difficulty: ⭐⭐⭐☆☆.
Min monthly income: RM2,000.

• • How the cashback works:
    E-commerce/online, auto-billing, e-wallet reloads & transactions: 3% cashback.

• Monthly caps depend on previous balance amount:

• • Balance ≥ RM3,000: up to RM50/month (online, auto-billing); RM30/month (e-wallet).
  • Balance ≤ RM2,999: up to RM30/month for each category.

Extras: Compared with many cashback cards that are vague or restrictive about wallets, this one is unusually direct about e-wallet cashback being part of the programme (subject to caps and terms). Annual fee is shown as RM75 (principal) / RM30 (supplementary) with waiver notes stated (first 3 years free, and after that waived with a minimum number of retail transactions per year).

Gotchas / fine print to watch: The “previous balance amount” condition can confuse people because it’s not a straightforward spend threshold; if you’re not tracking statements closely, you may not realise why caps differ month to month. Also, no matter what, the e-wallet cashback ceiling is still RM30/month, so heavy wallet users will hit it quickly.

Verdict: A practical pick if e-wallet and online are your core categories, as long as you’re comfortable managing balance-linked cap rules.

4)HSBC Amanah MPower Platinum Credit Card-i

Best for: Higher-income users who want a relatively straightforward cashback structure on essentials and don’t mind low monthly caps.
Application difficulty: ⭐⭐⭐⭐☆.
Min monthly income: RM8,500.

How the cashback works:

• If monthly spending ≥ RM2,000:
  • Petrol (any station), groceries, selected e-wallets: 8% cashback, cap RM15/month per category.
• If monthly spending ≤ RM1,999:
  • Same categories earn 1%, cap RM15/month.
• Other local & overseas spend: 0.2% uncapped.

Extras: The “any petrol station” definition is more flexible than brand-restricted petrol cards, and the e-wallet list is explicitly stated (rather than implied). Annual fee is shown as RM240 (principal) / RM120 (supplementary) with waiver notes stated (first year free, and a subsequent-year waiver with annual spending RM6,000 effective 1 Sep 2025).

Gotchas / fine print to watch: The caps are tight: RM15/month per category means the payout ceiling is low even at 8%. The income requirement is also the highest in this list, so it’s simply not accessible for many Malaysians.

Verdict: Clean, no-nonsense cashback rules for essentials, but the low caps make it a “light rewards” card rather than a big earner.

5)CIMB Cash Rebate Platinum Credit Card

Best for: People who want a simple everyday cashback card with no annual fee, and who are okay with a balance-based condition affecting the rate on key categories.
Application difficulty: ⭐⭐☆☆☆.
Min monthly income: RM2,000.

How the cashback works: 

• Cinema, petrol, groceries, mobile, utilities via standing instruction:

• • 5% cashback (cap RM30/month) if statement balance ≥ RM3,000.
  • 2% cashback (cap RM30/month) if statement balance ≤ RM2,999.
• Other retail & online spend: 0.2% uncapped.

Extras: The annual fee is shown as RM0 / RM0 (free for life), which reduces “fee friction” if you’re keeping the card long term. It also covers broad day-to-day categories in one bucket rather than splitting into too many micro-categories.

Gotchas / fine print to watch: The big one is the statement balance condition—your rate on the main categories changes based on that balance threshold, not just spend. Also, utilities cashback is specifically described as utility bills payment via standing instruction, so ad-hoc bill payments may not be treated the same way.

Verdict: A low-maintenance cashback option with an uncapped base tier, but the main-category rate hinges on balance mechanics you need to understand upfront.

Best Cashback Card Based on Your Needs

These are “best picks” based strictly on the mechanics and limits stated in your data pack—not on marketing claims.

Best for Groceries Cashback

UOB ONE Card can deliver high groceries cashback (headline rate) if you can consistently meet the stated monthly retail spend threshold and you’re comfortable with tight monthly caps.
If you prefer a potentially simpler everyday structure and don’t want to rely on a very high monthly spend threshold, CIMB Cash Rebate Platinum includes groceries in its cashback group, but its payout depends on a statement balance condition and is capped.

Best for Unlimited Cashback

If you define “unlimited” as uncapped cashback, the uncapped component shown in the data pack is typically the 0.2% uncapped tier on “other spend” (where stated).
Among the listed cards, CIMB Cash Rebate Platinum stands out for being free for life on annual fee and offering 0.2% uncapped on other retail/online spend (as listed).

Best for Petrol Cashback

• If you fuel mostly at Shell and can hit higher monthly spend tiers, RHB Shell Visa is built for that pattern (Shell petrol cashback with tiering and a cap).
• If you want petrol cashback across any petrol station in Malaysia (as explicitly stated) and you meet the higher income profile, HSBC Amanah MPower Platinum provides a simpler petrol category definition—but with small caps.

5 Mistakes Malaysians Make With Cashback Credit Cards

1. Chasing the headline % and ignoring the cap
   A “10% cashback” headline with RM15/month cap stops being exciting after RM150 of eligible spend.
2. Missing the minimum spend threshold
   If the high rate only applies when you hit a monthly spend tier, one “quiet month” can drop you to a base rate.
3. Assuming category eligibility is obvious
   Groceries vs specialty retail; dining vs café; online vs in-app purchase—MCC coding can surprise you.
4. Using the wrong wallet or the wrong type of wallet transaction
   Even when an e-wallet is supported, the rules may differ between top-up and spend, and may name specific wallets only. If e-wallet cashback matters, treat “Not stated” as “not supported” until confirmed.
5. Paying interest/late fees that wipe out cashback
   Cashback is a small percentage. One finance charge can undo a month’s rebates.

What Spending Qualifies for Cashback

Category eligibility is often decided by merchant category codes (MCC codes). You might think you’re doing “groceries”, but the bank system might code it as “general retail” or “specialty store” depending on the merchant setup.

Below is a practical Malaysia-focused guide to what these categories usually mean—plus where people get surprised.

Petrol

Typically includes fuel purchases at petrol stations. However, some cards may:

• restrict petrol cashback to specific brands (e.g., Shell-only), or
• allow “any petrol station in Malaysia” if explicitly stated.

Practical tip: If a card is brand-limited, your cashback depends on whether you consistently fuel at that brand. If it’s “any station”, it’s more flexible—but caps may still be tight.  Interested with more petrol cashback perks? Check out our Petrol Credit Card Review in 2026.

Groceries

“Groceries” often means supermarkets/hypermarkets, but definitions vary. Some issuers publish examples (which helps a lot). In your data pack, groceries examples appear in card definitions such as:

• Lotus’s, Mydin, AEON BIG / AEON Supermarket, Giant, and similar supermarkets/hypermarkets (as listed on certain card pages).

Common gotcha: A specialty shop inside a mall (e.g., butcher, organic shop, convenience store) may not code as “groceries”.

Dining

Dining usually covers restaurants and food outlets, but some cards restrict dining to specific MCC codes. In your data pack, dining is tied to MCC 5812 and 5814 for selected merchants (as shown on the UOB ONE Card page).

Common gotcha: Cafés, dessert stores, food courts, or delivery platforms may code differently than you expect.

Online Shopping

Online spend can mean:

• e-commerce platforms, brand websites, app purchases, subscriptions, or
• “online” as coded by the merchant processor.

Common gotcha: Not all in-app payments code as “online shopping”. Some code is based on the merchant category rather than the channel.

Utilities

Utilities often include recurring bill payments like electricity, water, telco, or internet—but the payment method matters. Some cards may only treat utilities as eligible if paid via specific mechanisms (e.g., standing instruction / auto-billing).

Practical tip: If your card’s utilities cashback requires auto-billing or standing instruction, paying manually via JomPAY or an app might not count the same way. If you’re unsure: Varies by issuer/terms—check the product page or T&Cs.

E-Wallets

E-wallet cashback is the most misunderstood category in Malaysia because:

• Many cards exclude e-wallet reloads/top-ups entirely,
• Some include only certain wallets, and
• Some treat “top-up” differently from “wallet spend”.

In your data pack, e-wallet eligibility is explicitly mentioned for certain cards (e.g., one card lists e-wallet reloads/transactions; another lists specific wallets such as SamsungPay, GrabPay, Touch ’n Go, FavePay; another has an “e-wallet top-up & online spend” category).

Practical tip: If you rely on Touch ’n Go eWallet/GrabPay daily, don’t assume cashback. Only count it if the card’s T&Cs clearly state it.

Transactions that Don’t Qualify (or usually don’t)

Cashback programmes commonly exclude certain transaction types. Even if your card offers cashback on “all spend”, these categories are often treated differently:

• Balance transfer
• Cash advance
• EPP/instalments (including some “easy payment plan” transactions)
• Fees and charges (including finance charges/interest, late payment fees)
• Government-related payments (commonly excluded; treatment varies)
• Insurance premiums (sometimes excluded; sometimes exceptions)
• Charity/donations

The safe rule: commonly excluded—always confirm issuer T&Cs before assuming cashback on these transactions.

Conclusion

The best cashback credit card depends on your spend mix and your ability to consistently meet the card’s rules. The difference between “good” and “great” isn’t the headline rate—it’s whether the card’s cap and minimum spend match how you actually spend.

A simple way to choose in 3 steps:

1. Map your monthly spending into petrol, groceries, utilities, dining, online, and e-wallet.
2. Check the cap math: how quickly you hit the monthly cap in your top categories.
3. Stress-test the minimum spend: if you miss it 2–3 months a year, does the card still make sense at the lower rate?

FAQ

The post Best Cashback Credit Card in Malaysia 2026: Petrol, Groceries, Utilities appeared first on BSN.

QR codes are everywhere in Singapore and Malaysia. You’ll see “PayNow” and “DuitNow” at hawker stalls, cafés, taxis, and small shops. The catch: many visitors assume these work like universal travel wallets. They don’t.

This guide explains PayNow vs DuitNow, and what payment methods actually work for tourists who don’t have local bank accounts or local phone numbers—so you can enjoy cashless payments in SG & MY without checkout surprises.

💡For a broader comparison of cross-border transfer options, see our full guide on sending money from Singapore to Malaysia.

What Are PayNow and DuitNow? 

PayNow (Singapore) is an electronic funds transfer service that lets you send and receive SGD using a proxy such as a mobile number, NRIC/FIN, UEN (businesses), or a Virtual Payment Address (VPA). In practice, you use PayNow through a participating Singapore bank (or eligible e-wallet provider) via their mobile/internet banking app.

DuitNow (Malaysia) is Malaysia’s real-time payments service. It supports instant transfers using a DuitNow ID and merchant payments via DuitNow QR, accessed through participating Malaysian banks’ online banking apps and supported e-wallets.

📌Tourist-friendly summary: both systems are built around local bank/e-money accounts, not “download-and-go” travel apps.

Can Tourists Use PayNow in Singapore? 

For most short-term visitors, not directly.

To receive PayNow transfers, the recipient needs a Singapore bank account with a PayNow-participating bank and must have registered a PayNow proxy (e.g., mobile number or NRIC/FIN).

For QR payments, one clear example is IRAS’s PayNow QR option (used to pay certain Singapore taxes): it requires a Singapore bank account and PayNow registration, and IRAS notes PayNow QR is not available for overseas bank accounts. The takeaway for tourists is simple: PayNow QR is designed for local banking, not for visitors paying from an overseas account.

If you’re a tourist without a Singapore bank account (and usually without a FIN), treat PayNow as “locals-first.”

PayNow for Tourists: The One Scenario It Matters

If you’re a “tourist” but you already have a Singapore bank account (for example, you work/study in Singapore or visit frequently), PayNow will work for you the same way it works for locals. Otherwise, plan as if you can’t use it.

Can Tourists Use DuitNow in Malaysia?

DuitNow is also largely account-linked.

PayNet’s official support says DuitNow Transfer is for individuals with Malaysian bank or e-money accounts.

You may read that DuitNow IDs can include different identifiers (including, in some contexts, passport numbers). But to actually use DuitNow (transfer or QR), you still need access through a participating Malaysian bank app or e-wallet.

DuitNow for Tourists: The One Scenario It Matters

If you already have Malaysian banking or an eligible Malaysian e-money account, DuitNow QR can be a convenient everyday option. If you don’t, assume DuitNow is “nice to have” but not something you’ll rely on.

🔍Curious which digital banks Malaysians actually use? See our guide to the Best Digital Banks in Malaysia.

QR Code Acceptance vs Usability: A Key Tourist Payment Trap

• QR acceptance = the merchant displays PayNow QR / DuitNow QR because locals use it.
• QR usability = you have an eligible app/account that can complete the payment.

In Singapore, PayNow QR payments are made in a PayNow-capable mobile banking app and require you to have signed up for PayNow (linked an eligible proxy to your bank/e-wallet account).

You may see SGQR, a single label that shows multiple QR payment options a merchant accepts. If PayNow is one of those options, you can use it—but tourists still need at least one payment method they’re eligible for.

In Malaysia, DuitNow QR similarly depends on you using a participating bank or e-wallet app (and the merchant being set up to accept DuitNow QR).

📌At the counter, use this rule of thumb:
If the QR is for PayNow or DuitNow and you don’t already have the right banking app setup, don’t “fight the QR.” Ask to pay by card, or pay cash.

How to Pay in Singapore as a Tourist

1) Use contactless cards as your default. International cards (and phone wallets linked to them) are commonly accepted at malls, supermarkets, attractions, hotels, and many eateries—but smaller stalls may be cash-only.

2) Public transport: tourist-friendly tap options exist. SimplyGo states its travel options serve both residents and tourists, and you can pay using stored-value travel cards, contactless bank cards, or the Singapore Tourist Pass.

3) Carry a small cash buffer. Some small stalls may prefer cash or local QR—even if most of your trip is card-only.

How to Pay in Malaysia as a Tourist

In Malaysian city centres you’ll find lots of card and QR acceptance, but the “cash backup” rule matters more here.

Cards: hotels, malls, supermarkets and many restaurants accept them.
Cash: useful for night markets, small eateries, and certain low-cost transport situations.

If your goal is “no friction,” assume you’ll use cards + cash as your core toolkit, and treat DuitNow QR as a bonus when you’re already eligible for it.

PayNow vs DuitNow For Tourists (Quick Comparison)

Cross-Border Payments Between SG and MY: What Tourists Need

People often hear “PayNow and DuitNow are linked” and assume they can use them anywhere. There are two different cross-border features.

1) Cross-border QR payments (for shopping)

MAS and Bank Negara Malaysia announced a cross-border QR payment linkage on 31 March 2023, allowing customers of participating financial institutions to pay by scanning NETS QR and DuitNow QR codes.

Example: DBS says PayLah! users can pay Malaysian merchants via DuitNow QR and see the MYR price, exchange rate, and SGD amount in-app.

PayNet also describes cross-border QR payments as a travel feature and notes no registration is required—availability depends on whether your bank/e-wallet app supports cross-border scan-and-pay.

How to interpret this as a tourist:

• If you’re a Singapore resident visiting Malaysia, check whether your bank/wallet supports scanning DuitNow QR (some do).
• If you’re a Malaysian resident visiting Singapore, check whether your bank/wallet supports scanning NETS QR.
• If you’re visiting from elsewhere, don’t assume your home wallet is supported. Treat “QR payment Singapore Malaysia” as something that may work only with specific partner apps.

2) Cross-border fund transfers (sending money to a person)

PayNet’s cross-border fund transfer feature lets Malaysians send money to Singapore using the recipient’s PayNow-registered mobile number or VPA. Banks also show a masked version of the recipient’s name during the lookup to help prevent mistakes.

Tourist reality check: these cross-border features mainly help travellers who already bank in Singapore or Malaysia. They don’t turn PayNow or DuitNow into universal tourist apps.

Common Tourist Payment Mistakes in Singapore and Malaysia

Even in two of Southeast Asia’s most cashless-friendly destinations, tourists still run into payment issues because local rules matter more than technology.

• Assuming any QR works: PayNow/DuitNow QR are local rails; if you don’t have an eligible app, switch to card or cash.
• Bringing no cash: keep a small buffer, especially in Malaysia.
• Misdirected transfers: verify the recipient name shown in-app before you confirm; PayNet explicitly recommends this and notes that DuitNow’s Name Enquiry feature shows the registered name.
• Forgetting FX basics: if you’re using cards abroad, expect your bank/card network to convert currency; keep an eye out for options at the terminal that look like “pay in your home currency,” which may come with extra charges.

A Simple Payment Plan for Tourists in SG and MY

Before you fly:

• Ensure your card supports overseas tap-to-pay and set a backup payment method (second card or some cash).
• Add your card to your phone wallet if you use one.
• If you’re a Singapore/Malaysia resident and want to try cross-border QR, check your bank app’s official help pages first.

On the trip:

• Main method: contactless credit/debit card + phone wallet
• Backup: some cash (more important in Malaysia)
• Transport in Singapore: SimplyGo-supported options (contactless cards, stored-value travel cards, or the Tourist Pass)
• PayNow / DuitNow: “nice if you already have it,” not something to depend on

Final Verdict: PayNow vs DuitNow for Tourists Explained

“PayNow vs DuitNow” isn’t really a competition for tourists. Both are excellent local payment networks, but they’re not built as plug-and-play travel wallets. For most visitors, the safest approach is simple: cards first, cash backup, and don’t assume local QR is usable unless you already have local banking access or a supported cross-border partner app.

FAQs: PayNow vs DuitNow for Tourists (SG & MY)

1) Can tourists use PayNow to pay in Singapore?

Usually no—PayNow is tied to Singapore bank accounts and is mainly used through local banking apps. Most short-term tourists won’t have the required setup.

2) Can foreigners or tourists register for PayNow with a passport or foreign phone number?

No. A passport is not a PayNow proxy. PayNow registration is tied to having a Singapore bank account, and commonly uses proxies such as a mobile number or NRIC/FIN.

Some banks allow a foreign mobile number to be used as the PayNow proxy if it is registered with the bank, but this still requires an active Singapore bank account—something most short-term tourists won’t have.

3) Can I pay a PayNow QR code using an overseas bank account or non-Singapore bank app?

No. PayNow (including PayNow QR) is designed for local SGD payments between participating banks in Singapore. You cannot pay a PayNow QR code directly from an overseas bank account or a non-Singapore bank.

4) If I see a PayNow QR / SGQR sticker, does that mean I can scan and pay as a tourist?

Not necessarily. QR acceptance just means the merchant supports that rail. Usability depends on whether you have a supported local banking/wallet setup that can execute the payment.

5) Can tourists use DuitNow QR in Malaysia?

Only if you already have access via a participating Malaysian bank or e-wallet. DuitNow Transfer/QR is designed to work through local banking or wallet apps.

6) Do I need to register for DuitNow Transfer?

PayNet states you don’t need to register to send money, but to receive funds you’ll typically complete a one-time registration to link your ID to a bank account or eWallet. (You still need a participating app/account to use it.)

7) I heard DuitNow can use a passport number—does that mean tourists can use it easily?

Usually no. DuitNow QR payments normally require access through a participating Malaysian bank or e-wallet.

However, in some cases, tourists may be able to pay by scanning a DuitNow QR code if their home bank or wallet app supports Malaysia’s cross-border QR payment arrangements. This depends entirely on app and bank participation, so it should not be relied on as a primary payment method.

8) What should I do if a stall or small shop says “PayNow only” or “DuitNow only”?

Don’t try to force it. Ask if they accept card (tap) or cash. If not, you may need to pay cash elsewhere—this is exactly why tourists should always carry a small backup amount.

9) Can Singapore visitors pay Malaysian merchants by scanning DuitNow QR?

Sometimes. Singapore and Malaysia launched cross-border QR payments connectivity (NETS QR ↔ DuitNow QR) for customers of participating financial institutions—so it can work if your bank/wallet app supports it.

10) Does cross-border QR mean any tourist can use PayNow/DuitNow in both countries?

No. Cross-border QR helps certain users pay across borders with supported apps, but it doesn’t turn PayNow/DuitNow into universal tourist wallets. It still depends on your bank/wallet participation.

11) Can I use PayNow to send money to an overseas bank account?

No—PayNow is for SGD transfers between FAST-participating banks in Singapore.

12) If I’m not a tourist (e.g., student/worker) and I have a Singapore bank account, can I use PayNow?

Yes—banks note that a payee can receive PayNow as long as they have a Singapore bank account with a participating bank and have registered their mobile number or NRIC/FIN as a PayNow proxy.

The post PayNow vs DuitNow for Tourists: How to Pay in Singapore and Malaysia appeared first on BSN.

Understanding What a Seven-Year High Represents

When commentators refer to the strongest level in seven years, they are discussing the ringgit’s exchange rate against the U.S. dollar. The dollar is still the world’s dominant currency, so movements against it carry significant weight. In recent years, the ringgit has struggled as the U.S. Federal Reserve’s aggressive tightening has pushed capital toward dollar-denominated assets. That dynamic may be changing, and the potential recovery reflects this adjustment more than any single domestic factor.

Why the Ringgit Weakened in the First Place

Much of the currency’s softness since 2020 can be traced to a combination of global turbulence and local uncertainty. Sharp rate increases in the United States widened yield gaps, prompting investors to prioritize safer and higher-yielding markets. At the same time, global risk appetite faded, and Malaysia experienced political shifts that created hesitation among foreign investors. These forces coincided with commodity market volatility, leaving the ringgit vulnerable despite underlying economic resilience.

How Global Interest Rates Shape the Ringgit

Interest rate differentials matter because they influence where capital flows. If the Federal Reserve stabilises rates or begins to ease policy, the pressure on emerging market currencies typically softens. In those periods, investors often widen their search for yield, and currencies like the ringgit can benefit. It is a pattern familiar to anyone who follows cross-border investment flows or even participates in forex trading, where expectations around central bank decisions can shift currency prices long before policy changes actually occur.

Risk Sentiment and the Role It Plays

Global markets often move in waves of confidence and caution. When investors retreat to safer assets, emerging market currencies weaken almost in tandem. Conversely, when risk appetite improves, capital begins flowing back into regions positioned for growth. Malaysia, with its diversified economy and strong links to global supply chains, tends to benefit during these more optimistic phases. If sentiment improves in 2025 and 2026, the ringgit is likely to feel that lift.

Domestic Fundamentals Supporting the Outlook

Malaysia’s internal conditions also matter. Several factors could reinforce a stronger currency over the medium term.

Commodity Performance

Oil, gas, and palm oil remain essential pillars of Malaysia’s export economy. When prices stabilise or strengthen, export earnings improve and demand for the ringgit increases.

Fiscal Direction and Structural Reforms

Efforts to improve fiscal discipline, adjust subsidies, and modernize revenue collection have been highlighted by analysts as key contributors to longer-term currency stability. Investors tend to respond positively when a country signals lasting reform rather than short-term fixes.

Political Consistency

After years of leadership changes, a more stable political environment would help investors gauge Malaysia’s policy direction with greater clarity.

Rising Flows of Foreign Direct Investment

Manufacturing upgrades and growing interest in data centre infrastructure have put Malaysia back on the radar for multinational firms. These inflows support domestic employment and create a steady baseline demand for the ringgit.

How the Central Bank Shapes Expectations

Bank Negara Malaysia is known for its cautious and stability-oriented approach. It rarely pursues dramatic policy shifts, preferring to anchor expectations and maintain orderly movement in the currency. For that reason, any ringgit appreciation is likely to be gradual. Analysts do not expect a sudden surge but rather a step-by-step strengthening aligned with broader economic conditions.

Real-World Effects of a Stronger Ringgit

A firmer currency has practical implications for households and businesses.

Imported Goods Become Less Expensive

Malaysia relies heavily on imported food, machinery, and consumer products. When the ringgit strengthens, these items can become more affordable, easing inflationary pressure and providing some relief to consumers.

Travel Costs Decline

A stronger ringgit improves purchasing power abroad, making international travel more accessible.

Exporters Face Tougher Conditions

Companies selling electronics, palm oil, or manufactured goods may find their products slightly less competitive if the currency rises too quickly. This trade-off is common in economies driven by exports.

Firms Gain Planning Stability

More predictable exchange rates enable businesses to make more informed decisions about investment, sourcing, and long-term strategy.

Balancing Benefits and Challenges

Currency appreciation is rarely a universal win. Lower import prices help consumers and reduce inflation risks, but exporters may experience margin pressure. Policymakers must balance these competing forces, ensuring that appreciation reflects structural strength rather than short-term capital flows. Analysts also emphasise the fragility of forecasts, noting that global shocks or sudden shifts in commodity markets can easily alter the outlook.

Looking Toward 2026

The idea that the ringgit will reach a seven-year high is grounded in a combination of improving global conditions, domestic reforms, and strengthening investor sentiment. None of these factors guarantees a specific exchange rate, but together they form a credible pathway toward a more resilient currency. What matters most is not a precise number but the broader direction of travel. The ringgit’s potential recovery serves as a reminder of how closely global and domestic forces intertwine in currency markets. For consumers, businesses, and investors, understanding those forces helps clarify how economic shifts affect everyday life. If current trends continue, 2026 may mark a turning point for Malaysia’s currency; however, the outcome will still hinge on policy consistency, global stability, and the performance of key commodities.

The post Ringgit Could Hit Strongest Level in Seven Years in 2026 appeared first on BSN.

If you’re wondering “Which is the best digital bank in Malaysia right now?” or comparing RYT Bank, GXBank, Boost Bank, AEON Bank and KAF Bank, this guide gives you a complete 2025 comparison — including interest / profit rates, features, fees, safety, and which bank fits different types of users (students, travellers, families, Shariah users and cashback hunters).

What Are Digital Banks in Malaysia?

Digital banks are fully licensed Malaysian banks that operate entirely online without physical branches. BNM granted five digital bank licences under its Digital Bank Framework (see official guidelines here). They offer faster onboarding, lower operating costs, and better digital experiences.

Bank Negara Malaysia (BNM) has granted five digital bank licences. As of 2025, most have launched retail products to the public, while others are rolling out in phases under BNM’s digital bank framework.

Why Malaysians Are Switching to Digital Banks

✔ Higher Interest Rates

Digital banks offer up to 4.00% p.a., compared to 0.05%–2.0% at traditional banks.

✔ Faster Onboarding

Account opening takes 5–7 minutes via eKYC.

✔ Daily Interest Crediting

Your savings grow faster compared to monthly crediting.

✔ AI-Powered Tools

Smart categories, spending alerts, budgeting, auto savings.

✔ Lower Fees

Zero annual fees, zero DuitNow fees, and 0% FX promo (RYT).

Digital Bank Reviews in Malaysia (2025)

Below is the complete breakdown of every licensed digital bank in Malaysia.

1. RYT Bank (YTL × Sea Limited)

Malaysia’s first fully AI-powered digital bank, backed by two giants:

• YTL Group (Malaysia’s major conglomerate)

• Sea Limited (Shopee & Garena parent)

RYT Bank stands out for automation, daily interest, and its dual-function Visa card.

RYT Bank Interest Rate (2025)

Key Features

Who Should Use RYT Bank?

2. GXBank (Grab × Singtel)

GXBank integrates deeply with the Grab ecosystem:

• GrabPay

• GrabRewards

• Grab rides & delivery

It focuses on simple daily banking with high stability.

GXBank Interest Rate (2025)

Key Features

Who Should Use GXBank?

3. Boost Bank (Axiata × RHB)

Boost Bank is built to serve cashback lovers and e-wallet users. It is tightly integrated with the Boost eWallet.

Boost Bank Interest Rate (2025)

Key Features

Who Should Use Boost Bank?

4. AEON Bank (AEON Credit × AEON Financial Service Japan)

AEON Bank leverages the AEON retail ecosystem — ideal for shoppers and families.

AEON Bank Interest Rate (2025)

Key Features

Who Should Use AEON Bank?

5. KAF Bank (Islamic Digital Bank)

One of Malaysia’s fully Shariah-compliant digital bank in Malaysia.

KAF Bank Profit Rate (2025)

Key Features

Who Should Use KAF Bank?

Full Comparison Tables of Digital Banks in Malaysia (2025)

Table 1: Digital Bank Interest / Profit Rate Comparison (2025)

(Latest publicly available rates & promo campaigns)

Table 2: Feature Comparison Across All Digital Banks

Table 3: Fees Comparison (2025)

Table 4: Safety & Regulation Comparison

Table 5: Which Digital Bank Is Best For? (Use-Case Comparison)

Are Digital Banks Safe in Malaysia? (2025 Guide)

Digital banking is growing fast in Malaysia — but the #1 question Malaysians still ask is:

👉 “Are digital banks safe?”

Short Answer:

✔ YES — digital banks in Malaysia are very safe, because they follow strict Bank Negara Malaysia (BNM) regulations and offer the same PIDM protection as traditional banks.

✔ Digital banks in Malaysia are highly regulated and protected
✔ All are licensed by BNM
✔ All offer PIDM protection (RM250,000)
✔ Use strong cybersecurity + AI fraud detection
✔ Safer than e-wallets, which follow lighter rules
✔ Main downside: no physical branches

If you want deeper details on fraud protection, cybersecurity standards, and PIDM rules, read our full guide: Are Digital Banks Safe in Malaysia? (2025 Full Security Guide).

How to Choose the Best Digital Bank in Malaysia (2025 Guide)

Choosing the right digital bank depends on your lifestyle, spending habits, and financial goals. While most digital banks offer daily interest, zero fees, and fast eKYC, their strengths are different.

To help you choose quickly, here is the clear and simple recommendation table for every type of Malaysian user:

Winners by Category (2025)

🥇 Best Overall Digital Bank — RYT Bank

Why: Highest effective interest (4.00%), daily crediting, best AI, debit+credit Visa, 0% FX promo.

🥇 Best for Daily Spending — GXBank

Why: Grab ecosystem, simple pockets, low fees, predictable & stable.

🥇 Best for Cashback — Boost Bank

Why: BoostUP tiers, cashback-first design, full Boost eWallet integration.

🥇 Best for Shopping & Families — AEON Bank

Why: AEON Mall ecosystem, instalments, family pockets, 3.00–3.88% p.a.

🥇 Best Islamic Digital Bank — KAF Bank

Why: Shariah-compliant, daily profit, conservative risk profile.

Final Summary — Which Digital Bank Should You Use in 2025?

FAQs — Digital Banks in Malaysia (2025)

1. Are digital banks safe in Malaysia?

Yes. All digital banks are licensed by Bank Negara Malaysia, and deposits are protected by PIDM up to RM250,000 per depositor. They also use advanced security such as AI fraud detection, encryption, and biometric login.

2. Which digital bank gives the highest interest rate in Malaysia (2025)?

RYT Bank offers the highest rate:

• Up to 4.00% p.a. (3.00% base + 1.00% bonus on the first RM20,000)

AEON (3.88%), Boost (3.60%), KAF (3.20%), and GXBank (3.0%) follow behind.

3. Do digital banks in Malaysia have a deposit limit (foundational phase)?

Yes — most Malaysian digital banks currently operate under BNM’s “foundational phase”, which includes certain limits.

4. Can foreigners or non-residents open Malaysian digital bank accounts?

It depends on the bank. Here is the general rule:

✔ Malaysians (MyKad holders)

All five digital banks accept Malaysian citizens.

✔ PR / Long-term pass holders

Most digital banks accept:

• Permanent Residents (PR)

• MM2H

• EP / SP / RP-T

• Student Visa
  …but some require Malaysian address verification.

✔ Foreigners without Malaysian documents (tourists)

Most digital banks do NOT allow non-residents to open an account.
This is due to:

• BNM KYC/AML requirements

• Need for verified Malaysian phone number + IC/passport + address

Bank-by-bank (general pattern):

• GXBank: Malaysian citizens + some long-term pass holders (subject to app verification)

• Boost Bank: Malaysian citizens only

• AEON Bank: Malaysians + selected foreign residents

• KAF Bank: Typically Malaysians, as Islamic financial KYC rules are strict

• RYT Bank: Malaysians + possibly foreigners with long-term passes (check app; still expanding)

Tip: Always check the onboarding screen — eligibility rules change frequently.

5. Are digital banks better than e-wallets for savings in Malaysia?

Digital Banks – Best for Savings

✔ Higher interest/profit rates
✔ PIDM protection up to RM250,000 per depositor
✔ Daily interest/profit crediting
✔ Full BNM digital bank licence
✔ More financial tools (AI insights, pockets, budgeting)

E-Wallets – Best for Spending

✔ Instant QR Pay, DuitNow, retail rewards
✔ Cashback / points
✔ Fast top-ups
✔ Great for ShopeePay, Boost, Touch ‘n Go eWallet users

❗ Key difference:

Digital bank savings are insured by PIDM. E-wallet balance is NOT PIDM-protected (unless kept in an underlying bank account).

6. Do digital banks in Malaysia offer credit cards? Or only debit / PayLater?

✔ Debit Cards

Most digital banks already provide a Visa / Mastercard debit card, including:

• GXBank (Visa Debit)

• Boost Bank (Debit)

• AEON Bank (Debit)

• RYT Bank (Dual debit/credit functionality)

• KAF Bank (No card yet)

✔ PayLater / Credit Line

Several digital banks offer micro-credit or PayLater features:

• RYT Bank — PayLater up to RM1,499

• Boost Bank — PayFlex / instalments

• AEON Bank — instalment ecosystem / micro-loans coming

• GXBank — no PayLater yet

• KAF Bank — no credit products (Shariah-compliant)

✔ Credit Cards

Most digital banks do not offer traditional credit cards yet.

Exception: RYT Bank

• Offers a dual-mode Visa card (acts like debit + limited credit line)

• Not a full credit card, but functions similarly for smaller transactions & online payments

7. Can I open more than one digital bank account?

Yes. Most Malaysians open 2–3 digital banks for better savings, cashback, and rewards.

8. Do digital banks have branches?

No. Digital banks operate fully online, offering support through chat, email, and help centres.

The post Best Digital Banks in Malaysia 2025 – Rates, Perks & Safety appeared first on BSN.

Digital banks are now one of Malaysia’s fastest-growing financial trends, but many Malaysians still ask the same question:

“Is digital banking really safe?”

Short answer:
Yes — Malaysia’s digital banks are extremely safe, because they follow the same regulatory, cybersecurity, and deposit-protection standards as traditional banks.

Read more about the Best Digital Banks in Malaysia (2025).

1. Digital Banks Are Fully Licensed by Bank Negara Malaysia (BNM)

All digital banks in Malaysia operate under the BNM Digital Banking Framework, which includes strict requirements in:

• capital adequacy
• cybersecurity controls
• fraud monitoring
• data protection
• operational risk
• consumer rights & transparency
• AML/CFT compliance

This means digital banks follow the same regulations as traditional banks.

Licensed Digital Banks in Malaysia

• RYT Bank (YTL × Sea Group)
• GXBank (Grab × Singtel)
• Boost Bank (Axiata × RHB)
• AEON Bank
• KAF Bank (Islamic)

2. PIDM Protection: Up to RM250,000 Coverage Per Depositor

All Malaysian digital banks offer PIDM protection. Customers’ funds are automatically protected by PIDM up to RM250,000 per depositor when placed with the bank.”

PIDM Covers:

• savings accounts
• pockets / jars
• term/fixed deposits (if offered)

For a deeper look into how individual banks manage safety and deposit protection, see our reviews of RYT Bank safety details and GXBank Malaysia review.

3. Cybersecurity Standards Required by BNM

Digital banks must comply with RMiT (Risk Management in Technology), one of the strongest cybersecurity standards in Southeast Asia.

Security Requirements Include:

• Biometric login, 2FA, device binding
• Real-time AI fraud detection
• End-to-end encryption
• ISO/IEC 27001 cloud infrastructure

4. Digital Banks vs Traditional Banks — Which Is Safer?

Result: Digital banks have stronger security because they run on modern infrastructure and AI monitoring.

5. Why Digital Banks Can Be More Secure

1) No legacy systems

Built with modern encryption, real-time systems, and cloud security.

2) AI fraud monitoring

Transactions are analysed instantly to detect suspicious behaviour.

3) Lower human error

Automated processes (eKYC, credit scoring, fraud detection) reduce mistakes.

6. Risks Malaysians Should Still Consider

• No branches — all support is online.
• New track record — digital banks only launched recently.
• Promotional rates may change — high interest may be time-limited.

7. Digital Banks vs E-Wallets (Safety Comparison)

Winner: Digital banks are significantly safer than e-wallets.

Final Verdict — Are Digital Banks Safe?

Yes. All digital banks in Malaysia are extremely safe.

• ✔ Fully licensed by BNM
• ✔ PIDM protection up to RM250k
• ✔ AI-based fraud detection
• ✔ Encrypted transactions
• ✔ Modern, cloud-native security

Digital banks offer the same protection as traditional banks — and often, stronger security.

FAQs — Digital Bank Safety in Malaysia (2025)

1. Are digital banks safe in Malaysia?

Yes. All digital banks in Malaysia are licensed and regulated by Bank Negara Malaysia (BNM). Deposits are protected by PIDM up to RM250,000 per depositor. They also use advanced cybersecurity measures such as AI fraud detection, 2FA, device binding, and encryption.

2. Are digital banks licensed by Bank Negara Malaysia?

Yes. All five digital banks — RYT Bank, GXBank, Boost Bank, AEON Bank, and KAF Bank — operate under the BNM Digital Banking Framework, which enforces strict rules on cybersecurity, risk management, capital adequacy, and consumer protection.

3. Are digital bank deposits protected by PIDM?

Yes. Digital bank deposits are protected by PIDM up to RM250,000 per depositor, similar to traditional banks. PIDM covers savings accounts, pockets, and eligible term-deposit products.

4. Which digital bank is the safest in Malaysia?

All licensed digital banks meet the same BNM and PIDM safety requirements. However, banks like RYT Bank and GXBank use advanced AI-based fraud monitoring and cloud-native infrastructure, making them among the most secure in practice.

5. Are digital banks safer than e-wallets?

Yes. Digital banks follow stricter regulations and cybersecurity standards than e-wallets. They offer PIDM protection, stronger fraud detection, and more stringent authentication requirements.

The post Are Digital Banks Safe in Malaysia? (2025 Full Security Guide) appeared first on BSN.

When you got started with SIPs, you probably invested with a fixed monthly contribution. But did you think of increasing this amount periodically as your income soared?

This is where a step-up SIP can help you build even a larger portfolio. This concept is about gradually increasing your monthly investments every year, bringing your salary spike and financial goals into the equation.

With the right approach, the returns can be rewarding. In this blog, we’ll help you visualize how small yearly increments can exponentially grow your long-term returns.

What is a Step-Up SIP and How Does It Work?

A step-up SIP is a system where you can automatically increase the amount you contribute to your mutual funds by a specific percentage or sum every year.

Let’s take an example to help you understand the concept better. Suppose you start an SIP with a monthly contribution of INR 5,000. If you step it up by 10% annually, you’ll be investing INR 11,700 a month by the 10th year.

This strategy is simple yet disciplined, which helps you contribute a larger percentage of your income to your portfolio over time. Simply use an SIP calculator to plan how much you need to invest immediately, and by what percentage you should increase your investment every year to build the desired corpus.

Why Traditional SIPs Have a Limitation

There’s no denying that traditional SIPs are powerful. It helps you capitalise on the power of compounding to build wealth steadily while averaging the rupee cost. 

However, the key limitation of traditional SIP is that the contribution amount remains the same over the years, even when your income and expenses evolve.

Over time, this can make your portfolio less efficient against inflation or changing goals.

Here’s a real example that can help you understand why increasing your SIP amount matters.

Scenario 1:

You contribute INR 10,000 per month to a mutual fund at 12% returns for 15 years, which accumulates around INR 50 lakhs.

Scenario 2:

Now, you step up just 10% annually, and the same SIP grows to almost INR 85 lakhs. That’s a 70% jump without changing your choice of fund or its tenure.

The Math Behind Step-Up SIP Returns

When you decide to step up your SIP, you benefit from compounding as well as higher contributions. Each time you increase your investment, it adds a new layer of returns that compound over time.

As you progress in your career, your income increases, and so does your lifestyle. Ultimately, you might have to revise your retirement corpus after investing for a decade or so. A step up SIP calculator helps you test different scenarios and visualize your asset accumulation at the end of the tenure, say 30 years.

When Should You Start a Step-Up SIP?

If you are a salaried professional or have a fixed income, the best time to start a step-up SIP is now. Cultivate healthy financial habits like increasing your contributions to savings each year by a specific margin, just like your salary.

This type of SIP is also ideal for investors early in their careers, if they can afford to start small and scale up gradually. An SIP calculator helps in mapping affordability, goals, and tenure. 

Conclusion

Wealth building requires investors to start early. However, your strategy should also involve scaling up over time. Use a step-up SIP calculator to estimate how quickly you can develop your financial resilience. 

So, if you’re already investing in SIPs, consider fine-tuning your approach. A small and manageable annual increase can transform your returns dramatically.  

The post How Step-Up SIP Works and Why It Matters for Long-Term Investing appeared first on BSN.