Choosing the best credit card in Malaysia is like choosing dates on Tinder. Sometimes, you accidentally ignore the good cards (fast left swipes). Sometimes, the cards themselves beg for your attention (superlikes). And sometimes, the cards you want are not available to you (they didn’t swipe right for you..).
It can be a frustrating search process. You thought you have a lot of choices, but why is none of them suitable? But eventually you’ll find that perfect match for you, and you’ll never imagine life without them. Amirite, Tinder couples reading this?
Tinder analogy aside, credit cards really are great financial tools. I use them to earn points, shop (online and offline), make instalments on larger purchases and top up e-wallets (usually for the discounts). If you can practice these habits that make you a responsible card user, I’d recommend you to get one. They can help you build a good DSR score, too – good if you’re planning to buy a house in the future.
Here are some lesser-known tips I can offer you.
Tip #1 – Always start with the process of elimination
Let me start with a TL;DR – FintechNews.my is organising Fintech Barcamp at Holiday Villa Beach Resort & Spa, Langkawi on 9-10th August 2018. Tickets cost USD 145 each (about RM580) and include the cost of participating in the event only.
According to FintechNews.my’s write-up, this event was organised to encourage a vibrant fintech community; they do not intend to profit from it. You have to arrange your own accommodation and transportation. You can purchase the tickets from Eventbrite.
If you want to make the event but concerned about total cost, you can:
Choose a cheaper accommodation (RM100-ish-per-night accommodation is possible)
Buy your flights now (last I checked, RM200+ return tickets from AirAsia are still available!)
Langkawi’s cool. If you want to extend your trip, check out my 4D3N budget Langkawi weekend trip article. I spent RM1239.47, all-in, including flights, accommodation, car rental, food, entertainment and souvenirs.
As a finance geek, I enjoy trying out new fintech products, including ewallets. It’s fun exploring what kind of perks and cashbacks each of them offer.
Ewallets in Malaysia – The Current Scenario
There are many companies trying to enter and compete in the ewallets scene in Malaysia. Last I checked, BNM listed 37 non-bank e-money issuers. I’m sure that list will keep growing in the next few years.
In time, I think we will see a few clear winners in this ewallet race, like what happened with Alipay in China. But for now, potential customers like you and me can have fun and enjoy being courted by these companies. Some of them are pretty generous with their welcome or referral bonuses – good for us!
Here are reviews of all the ewallets in Malaysia that I’ve tried out so far, and what I like about them. I have excluded banks and crypto ewallets from this list.
I really like these fintech products, and not even sponsored to say this!
Fintech = finance + technology. You probably use some of them (like bank apps). What I’m about to do here is to give my own take of how these fintech products in Malaysia are personally helpful for me. I’ve divided them into: products that save money, products that help with money management, and investment-related products.
Today, I reached a milestone! RM10,000 in Bitcoins. This is the second investment I made after ASB (aka genetic lottery due to being technically Malay) that I hold more than RM10k in one investment vehicle.