What you need to know about debit cardWhat is debit card?According to a definition found at Wikitionary, debit card is a:“A card much like a credit card, but which takes money directly from the bank account.”Not all debit cards are created equal. Some have their own set of benefits. One of the benefits is cash-back. Cash-back is paid to a customer for each use ofthe card. In this fact sheet, you will see a comparison table of every debit card in Malaysia so that you know which card that you can choose to use.In the second table, you can see comparisons between debit cards with point’s redemption program.BANK CARD FEES CASHBACK RATE CASH-BACK LIMIT NOTESAffin AFFINBANK Debit Annual: RM20 0.5% on retail None Rebate credited into current or savings Mastercard spending (excludes account every month Withdrawal via other petrol and AFFIN Islamic Debit ATMs: government- Free travel insurance worth RM150,000 when MasterCard RM7 per transaction related airline fare (return) is fully charged to the card transactions) On-going promotion: Five-year waiver of annual fee Daily retail spending limit: RM10,000Alliance Alliance Bank Hybrid Annual: RM12 (no 1% on retail RM30 a month Internet shopping not allowed Standard Debit Card cheque-book), RM30 spending of up to (with chequebook) RM3,000 a month Daily retail spending limit: RM5,000 Withdrawal via MEPS network: RM1
Withdrawal via CIRRUS network: RM8Bank BSN Matrix Debit Annual: RM8 0.5% on retail None Cash bonus of 0.5% will be accumulated everySimpanan Card spending three months and credited into the holder’sNasional BSN Matrix-i Debit Withdrawal at ATMs account the month after. Bonus will not be Card with Visa logo: RM12 paid for accounts closed during the three- month calculation period. Withdrawal via MEPS network: RM1 Purchase limit: Not availablePublic Bank PB Day2Day Card Annual: RM8 0.8% on petrol and Petrol and Retail purchase exclude casino and petrol groceries groceries: RM30 a transactions, cash withdrawals, transaction at Withdrawal via MEPS month UTAR and TARC campus, government-related network: RM1 0.3% on other payments, payments to charity and utility bills retail purchases Other retail payments. Withdrawal via non- purchases: None MEPs network: RM10 Daily retail spending limit: RM10,000 Withdrawal via locally- incorporated foreign banks: RM4 Withdrawal fee via Islamic foreign banks: RM1RHB Bank RHB Cash-Connect Annual: RM20 0.5% on retail None Daily retail spending limit: RM5,000 Debit MasterCard, spending RHB My Cash-I Debit Withdrawal via local MasterCard, RHB banks’ MEPS network: Cash Connect Visa RM1 Debit Card, RHB My Cash-I Visa Debit Withdrawal via locally- Card incorporated foreign
banks’ MEPS network: RM4 Withdrawal via MasterCard network: RM8UOB Bank UOB Debit Annual: RM8 0.3% cash rebate, Different limits Applicable for retail purchases with minimum MasterCard credited into the set by different amount of RM50, excluding petrol transactions Withdrawal via local account the third participating banks’ MEPS network: day after the merchants For payment(s) at BHPetrol, 1% Smart$ Cash RM4 transaction Rebates is awarded for the first RM70 of each (excludes petrol transaction. Maximum of RM400 per month Withdrawal via local and government per card account. incorporated foreign payments) banks (OCBC, HSBC, 1 UOB Smart$ Cash Rebates is equivalent to Standard Chartered, 1% for petrol RM1. Rebate amounts can be accumulated for UOB): RM2 payments at one year. Can only be used to offset future BHPetrol purchases at selected participating merchants. Minimum spending required by merchants.
Debit card with points redemption programmeBANK CARD FEES POINTS AWARDED MINIMUM NOTES REDEMPTION POINTSCIMB Bank CIMB ATM Debit Annual: RM8 1 points for every RM2 7,700 points for a Promotion: 3% rebate MasterCard spent (excludes petrol Thermos 2.5l trendy on the first three Withdrawal via MEPS and bank fee pitcher transactions within the network: RM1 per payments) first 30 days of card transaction issuance. Valid till end- August. Rebates to be Withdrawal via CIRRUS credited after network: RM10 per promotion ends. transaction Daily spending limit: RM5,000Citibank Citibank Debit and ATM Annual: RM8 for five 1 point for every RM1 6,5000 points for an Internet purchases Card years spent (excluding Arnold Palmer portable allowed petrol)1 point for every luggage scale Withdrawal via MEPS RM1 spent Daily spending limit: network: RM4 RM5,000 Withdrawal via ATMs overseas: RM10Hong Leong Bank Hong Leong Debit Visa Annual: RM8 1 point for every RM3 6,000 points for a Daily retail spending: Card spent contemporary wall RM5,000 Withdrawal via MEPS clock Hong Leong Debit network: RM1 MasterCard Withdrawal via Visa PLUS network: RM12 Withdrawal via CIRRUS networks: RM12
Maybank Maybankard Visa Debit Annual: None 200 Treats Points for a First four withdrawals RM1 voucher at in a month: Free SenHeng/SenQ outlet, or a RM1 discount on Fifth withdrawal: 50 ice-cream at Baskin- sen (waived if balance Robbins in account is at least RM5,000) Withdrawal fee via MEPS network: RM1 Withdrawal fee via local incorporated foreign banks: RM4 Withdrawal via PLUS network: RM12Source: Personal Money, Issue #132, August 2012Created by: MalaysiaLoansReview.com