Cashback Credit Cards: Money Back, No Strings Attached (Sort Of)

A cashback credit card is like your best friend who always pays you back—except instead of borrowing money, it just gives you some cash back every time you shop!

How Does It Work?

Each cashback card has specific spending categories where you earn cash rebates. These can include groceries, petrol, dining, shopping, and more. Swipe your card, and boom—you get a small refund credited back to your account.

Why You’ll Love Cashback Cards:

✅ Cash in Hand – No complicated point systems; you get real money back! ✅ Fully Automatic – Cashback is applied to your statement, no effort needed. ✅ Fewer Restrictions – Use it on almost anything, as long as it's within the cashback categories.

But There’s a Catch…

❌ Earning Limits – Most cashback cards have a cap on how much you can earn each month. ❌ Minimum Spend Requirements – Some require you to hit a spending target before cashback kicks in.

Rewards Credit Cards: The Treasure Hunt for Points

If you love collecting points (and the thrill of redeeming them for cool stuff), a rewards card might be your perfect match! Instead of getting cashback, you earn points for every Ringgit you spend.

How Does It Work?

Your spending earns points, which you can later trade in for exciting rewards—think air miles, gadgets, shopping vouchers, or even hotel stays!

Why Rewards Cards Are Great:

🎁 Exclusive Perks – Special deals and discounts from banks’ reward catalogs. ✈️ Convert to Travel Miles – Perfect for jet-setters who want to fly for free. 🛒 No Category Limits – Unlike cashback cards, rewards points usually apply to all purchases.

But Watch Out For…

❌ Expiring Points – Some points vanish if you don’t redeem them in time. ❌ Limited Redemption Options – You can’t always use points for what you want. ❌ Overpriced Rewards – Some items require a crazy number of points.

So… Which One Should You Get?

It all depends on your spending habits!

💰 Go for a Cashback Card if:

• You want a straightforward way to save money.

• You don’t want to worry about redeeming points.

• You spend a lot on everyday things like groceries and petrol.

🎟️ Go for a Rewards Card if:

• You love collecting points and redeeming cool stuff.

• You travel often and want to rack up air miles.

• You don’t mind planning your spending to maximize rewards.

Still can’t decide? Some banks even offer hybrid cards that give you the best of both worlds—cashback and rewards!

At the end of the day, the best credit card is the one that matches your lifestyle. So pick wisely and swipe smart! 😉