A Personal Finance Blog for Malaysian: Which credit card to use?

Tuesday, February 15, 2011

Which credit card to use?

Credit card has function more than a payment method. It is a way to save (or even make extra income).

Banks are now offering very attractive CASH BACK on cards, why don't we make use of it to save time and money.

I am comparing 3 credit cards offering CASH BACK, if you know any BETTER cards, please share with "comment".

Card # 1 - OCBC Titanium (Click HERE to apply)
Card # 2 - Citibank Platinum Cash Back
Card # 3 - OCBC Great Eastern Platinum (Update: To compare OCBC Great Eastern Titanium as Platinum card's entry level is too high and not comparable with the other two cards)

Click here for the table.

Summary
  1. OCBC Titanum is a MUST HAVE Card for almost everyone (lowest entry with only RM36,000 annual income)
  2. If you have higher spending on credit card, you have to add CITIBANK CASH BACK as OCBC Titanium only gives RM50 cash back per month.
  3. If you have much higher spending (over RM10,000) per month and is a policyholder of Great Eastern Policy, you should have OCBC Great Eastern Titanium.
  4. The higher income you are, the better deal you will have. Fair or unfair? For me, it is a reward for people who work hard to be there. (and also paying more taxes)

2 comments:

  1. Hello,

    I am Emily Jones and I am a member of some financial communities. I just visited your site ( http://askchong.com/ )and trust me you are doing a good job for your site. I read some of the articles of your site and I really found them worth reading. The quality of your content is excellent. It will help you to earn extra value from Google.

    After seeing this, I would like to do something for your site and that is for FREE!!. I love to write financial articles and I would like to contribute something for your site if you'll give me the permission. I can give you an original guest post and I assure you that it will be published only in your site.

    Please let me know your thoughts. Waiting for your positive reply. Reach me at: emily.jones025@gmail.com

    Thanks and Regards
    Emily Jones

    ReplyDelete
  2. Thank you for your compliment, the content and quality still below my expectation, I'm still working on it.

    Appreciate your offer and I'm open for any positive thinking. Will email you shortly.

    ReplyDelete