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6 Best Travel Cards for Malaysia

Getting an international travel card before you travel to Malaysia can make it cheaper and more convenient when you spend in Malaysian Ringgit. You'll be able to easily top up your card in USD before you leave the US, to convert seamlessly to MYR for secure and flexible spending and withdrawals.

This guide walks through our picks of the best travel cards available for anyone from the US heading to Malaysia, like Wise or Revolut. We'll walk through a head to head comparison, and a detailed look at their features, benefits and drawbacks.

best travel debit card malaysia

6 best travel money cards for Malaysia:

Let's kick off our roundup of the best travel cards for Malaysia with a head to head comparison on important features. Here's an overview of the providers we've picked to look at, for customers looking for ways to spend conveniently overseas when travelling from the US:

Wise travel card

Each of the international travel cards we’ve picked out have their own features and fees, which may mean they suit different customer needs. Keep reading to learn more about the features, advantages and disadvantages of each - plus a look at how to order the travel card of your choice before you head off to Malaysia.

Wise travel card

Open a Wise account online or in the Wise app, to order a Wise travel card you can use for convenient spending and withdrawals in Malaysia. Wise accounts can hold 40+ currencies, so you can top up in USD easily from your bank or using your card. Whenever you travel, to Malaysia or beyond, you’ll have the option to convert to the currency you need in advance if it’s supported for holding a balance, or simply let the card do the conversion at the point of payment.

In either case you’ll get the mid-market exchange rate with low, transparent fees whenever you spend in MYR, plus some free ATM withdrawals every month - perfect if you’re looking for easy ways to arrange your travel cash.

Wise travel card

Wise features

Wise travel card pros and cons.

  • Hold and exchange 40+ currencies with the mid-market rate
  • Spend seamlessly in MYR when you travel
  • Some free ATM withdrawals every month, for those times only cash will do
  • Ways to receive payments to your Wise account conveniently
  • Manage your account and card from your phone
  • 9 USD delivery fee for your first card
  • ATM fees apply once you've exhausted your monthly free withdrawals
  • Physical cards may take 14 - 21 days to arrive

How to apply for a Wise card

Here’s how to apply for a Wise account and order a Wise  travel card in the US:

Open the Wise app or desktop site

Select Register and confirm you want to open a personal account

Register with your email, Facebook, Apple or Google ID

Upload your ID document to complete the verification step

Tap the Cards tab to order your card

Pay the one time 9 USD fee, confirm your mailing address, and your card will be on the way, and should arrive in 14 - 21 days

Revolut travel card

Choose a Revolut account, from the Standard plan which has no monthly fee, to higher tier options which have monthly charges but unlock extra features and benefits. All accounts come with a smart Revolut card you can use in Malaysia, with some no fee ATM withdrawals and currency conversion monthly, depending on the plan you pick. Use your Revolut account to hold and exchange 25+ currencies, and get extras like account options for under 18s, budgeting tools and more.

Revolut travel card

Revolut features

Revolut travel card pros and cons.

  • Pick the Revolut account plan that suits your spending needs
  • Hold and exchange 25+ currencies, and spend in 150 countries
  • Accounts come with different card types, depending on which you select
  • All accounts have some no fee currency exchange and some no fee ATM withdrawals monthly
  • Some account tiers have travel perks like complimentary or discounted lounge access
  • You need to upgrade to an account with a monthly fee to get all account features
  • Delivery fees may apply for your travel card
  • Fair usage limits apply once you exhaust your currency conversion and ATM no fee allowances
  • Out of hours currency conversion has additional fees

How to apply for a Revolut card

Set up your Revolut account before you leave the US and order your travel card. Here’s how:

Download and open the Revolut app

Register by adding your personal and contact information

Follow the prompts to confirm your address and order your card

Pay any required delivery fee - costs depend on your account type

Chime travel card

Use your Chime account and card to spend in Malaysia with no foreign transaction fee. You’ll just need to load a balance in USD and then the money is converted to MYR instantly with the Visa rate whenever you spend or make a withdrawal. There’s a fee to make an ATM withdrawal out of network, which sits at 2.5 USD, but there are very few other costs to worry about. Plus you can get lots of extra services from Chime if you need them, such as ways to save.

Chime travel card

Chime features

Chime travel card pros and cons.

  • No Chime foreign transaction fees
  • No ongoing charges for your account
  • Lots of extra products and services if you need them
  • Easy ways to manage your money online and in app
  • Virtual cards available
  • You'll need to inform Chime you're traveling to use your card abroad
  • Low ATM limits
  • Cards take 7 - 10 days to arrive by mail

How to apply for a Chime card

Here’s how to apply for a Chime account and order a travel card in the US:

Visit the Chime website or download the app

Click Get started and add your personal details

Add a balance

Your card will be delivered in the mail and you can use your virtual card instantly

Monzo travel card

Monzo cards can be ordered easily in the US and used for spending in Malaysia and globally. Monzo accounts are designed for holding USD only - but you can spend in MYR and pretty much any other currency easily, with no foreign transaction fee. Your funds are just converted using the network exchange rate whenever you pay or make a withdrawal.

Monzo doesn’t usually apply ATM fees, but it’s worth knowing that the operator of the specific ATM you pick may have their own costs you’ll need to check out.

Monzo travel card

Monzo features

Monzo travel card pros and cons.

  • Good selection of services available
  • No foreign transaction fee to pay
  • No Monzo ATM fee to pay
  • Manage your card from your phone conveniently
  • Deposits are FDIC protected
  • You can't hold a foreign currency balance
  • ATM operators might apply their own fees

How to apply for a Monzo card

Here’s how to apply for a Monzo account and order a travel card in the US:

Visit the Monzo website or download the app

Click Get Sign up and add your personal details

Check and confirm your mailing address and your card will be delivered in the mail

Netspend travel card

Netspend has a selection of prepaid debit cards you can use for spending securely in Malaysia. While these cards don’t usually let you hold a balance in MYR, they’re popular with travelers as they’re not linked to your regular checking account. That increases security overseas - plus, Netspend offers virtual cards you can use to hide your physical card details from retailers if you want to.

The options with Netspend vary a lot depending on the card you pick. Usually you can top up digitally or in cash in USD and then spend overseas with a fixed foreign transaction fee applying every time you spend in a foreign currency. You’ll be able to view the terms and conditions of your specific card - including the fees - online, by entering the code you’ll find when your card is sent to you.

Netspend travel card

Netspend features

Netspend travel card pros and cons.

  • Large selection of different card options depending on your needs
  • Some cards have no overseas ATM fees
  • Prepaid card which is secure to use overseas
  • Manage your account in app
  • Change from one card plan to another if you need to
  • You may pay a monthly fee for your card
  • Some cards have foreign transaction fees for all overseas use, which can be around 4%
  • Selection of fees apply depending on the card you pick

How to apply for a Netspend card

Here’s how to apply for a Netspend account and order a travel card in the US:

Visit the Netspend website

Click Apply now

Complete the details, following the onscreen prompts

Get verified

Your card will arrive by mail - add a balance and activate it to get started

PayPal travel card

PayPal has a debit card you can link to your PayPal balance account, to spend in Malaysia as well as locally, in person and online. One advantage of PayPal is that there are lots of easy ways to add money in USD - but bear in mind that when you spend in MYR you’ll likely pay a foreign transaction fee of 2.5%. ATM fees apply when you make out of network withdrawals, too, which can push up the costs depending on how you use your card.

PayPal travel cards aren’t connected to your checking account which makes them a handy and secure way to spend, particularly if you already have a PayPal balance account.

PayPal travel card

PayPal features

Paypal travel card pros and cons.

  • Globally accepted card
  • Easy ways to top up your PayPal balance including cash and check
  • Popular and reliable provider
  • Use your card for spending online easily as well
  • 2.5 USD fee for out of network ATM withdrawals
  • 2.5% fee when you spend in a foreign currency
  • Other charges may apply depending on how you fund and use your account

How to apply for a PayPal card

Here’s how to apply for a PayPal account and order a travel card in the US:

Visit the PayPal website or download the app

Click Get Sign up or log into your existing account

Add your personal details to create an account, or tap Request a card if you already have a PayPal account

Follow the prompts to order your card

What is a travel money card?

A travel money card is a card you can use for secure and convenient payments and withdrawals overseas.

You can use a travel money card to tap and pay in stores and restaurants, with a wallet like Apple Pay, or to make ATM withdrawals so you'll always have a bit of cash in your pocket when you travel.

Although there are lots of different travel money cards on the market, all of which are unique, one similarity you'll spot is that the features and fees have always been optimised for international use. That might mean you get a better exchange rate compared to using your normal card overseas, or that you run into fewer fees for common international transactions like ATM withdrawals.

Travel money cards also offer distinct benefits when it comes to security. Your travel money card isn't linked to your United States Dollar everyday account, so even if you were unlucky and had your card stolen, your primary bank account remains secure.

Travel money vs prepaid card vs travel credit card

It's helpful to know that you'll be able to pick from several different types of travel cards, depending on your priorities and preferences. Travel cards commonly include:

  • Travel debit cards
  • Travel prepaid cards
  • Travel credit cards

They all have distinct benefits when you head off to Malaysia or elsewhere in the world, but they do work a bit differently.

Travel debit and prepaid cards are usually linked to an online account, and may come from specialist digital providers - like the Wise card. These cards are usually flexible and cheap to use. You'll be able to manage your account and card through an app or on the web.

Travel credit cards are different and may suit different customer needs. As with any other credit card, you may need to pay an annual fee or interest and penalties depending on how you manage your account - but you could also earn extra rewards when spending in a foreign currency, or travel benefits like free insurance for example. Generally using a travel credit card can be more expensive compared to a debit or prepaid card - but it does let you spread out the costs of your travel across several months if you'd like to and don't mind paying interest to do so.

What is a prepaid travel money card best for?

Let's take a look at the advantages of using a prepaid travel money card for travellers going to Malaysia. While each travel card is a little different, you'll usually find some or all of the following benefits:

  • Hold and exchange foreign currencies - allowing you to lock in exchange rates and set a travel budget before you leave
  • Convenient for spending in person and through mobile wallets like Apple Pay, as well as for cash withdrawals
  • You may find you get a better exchange rate compared to your bank - and you'll usually be able to avoid any foreign transaction fee, too
  • Travel cards are secure as they're not linked to your everyday USD account - and because you can make ATM withdrawals when you need to, you can also avoid carrying too much cash at once

Overall, travel cards offer flexible and low cost ways to avoid bank foreign transaction and international ATM fees, while accessing decent exchange rates.

How to choose the best travel card for Malaysia

We've picked out 6 great travel cards available in the US - but there are also more options available, which can make choosing a daunting task. Some things to consider when picking a travel card for Malaysia include:

  • What exchange rates does the card use? Choosing one with the mid-market rate or as close as possible to it is usually a smart plan
  • What fees are unavoidable? For example, ATM charges or top up fees for your preferred top up methods
  • Does the card support a good range of currencies? Getting a card which allows you to hold and spend in MYR can give you the most flexibility, but it's also a good idea to pick a card with lots of currency options, so you can use it again in future, too
  • Are there any other charges? Check in particular for foreign transaction fees, local ATM withdrawal fees, inactivity fees and account close fees

Ultimately the right card for you will depend on your specific needs and preferences.

What makes a good travel card for Malaysia

The best travel debit card for Malaysia really depends on your personal preferences and how you like to manage your money.

Overall, it pays to look for a card which lets you minimise fees and access favourable exchange rates - ideally the mid-market rate. While currency exchange rates do change all the time, the mid-market rate is a good benchmark to use as it’s the one available to banks when trading on wholesale markets. Getting this rate, with transparent conversion fees, makes it easier to compare costs and see exactly what you’re paying when you spend in MYR.

Other features and benefits to look out for include low ATM withdrawal fees, complimentary travel insurance, airport lounge access or emergency cash if your card is stolen. It’s also important to look into the security features of any travel card you might pick for Malaysia. Look for a card which uses 2 factor authentication when accessing the account app, which allows you to set instant transaction notifications, and which has easy ways to freeze, unfreeze and cancel your card with your phone.

When you head off to Malaysia you can expect to find you’ll be able to use your card - but not always. Some merchants still prefer cash payments - so choosing a card which is easy to pay with, but which also has simple and low cost ways to make ATM withdrawals should mean you’re covered no matter what happens

Ways to pay in Malaysia

Cash and card payments - including contactless, mobile wallet, debit, credit and prepaid card payments - are the most popular ways to pay globally.

In Malaysia card payments are common in most situations. You’ll be able to make Chip and PIN or contactless payments or use your favourite mobile wallet like Apple Pay to tap and pay on the go. It’s still worth having a little cash on you just in case - and for the odd situations where cash is more convenient, such as when tipping or buying a small item in a market.

Which countries use MYR?

You’ll find that MYR can only be used in Malaysia. If you don’t travel to Malaysia frequently it’s worth thinking carefully about how much to exchange so you’re not left with extra foreign currency after your trip. Or pick a travel card from a provider like Wise or Revolut which lets you leave your money in USD and convert at the point of payment with no penalty.

What should you be aware of when travelling to Malaysia

You’re sure to have a great time in Malaysia - but whenever you’re travelling abroad it's worth putting in a little advance thought to make sure everything is organised and your trip goes smoothly. Here are a few things to think about:

1. Double check the latest entry requirements and visas - rules can change abruptly, so even if you’re been to Malaysia before it’s worth looking up the most recent entry requirements so you don’t have any hassle on the border

2. Plan your currency exchange and payment methods - you can change USD to MYR before you travel to Malaysia if you’d like to, but as card payments are common, and ATMs widely available, you can actually leave it until you arrive to get everything sorted as long as you have a travel money card. Top up your travel money card in USD and either exchange to MYR in advance or at the point of payment, and make ATM withdrawals whenever you need cash. Bear in mind that currency exchange at the airport will be expensive - so hold on until you reach Malaysia to make an ATM withdrawal in MYR if you can.

3. Get clued up on any health or safety concerns - get travel insurance before you leave the US so you have peace of mind. It’s also worth reading up on any common scams or issues experienced by tourists. These tend to change over time, but may include things like rip off taxis or tour agents which don’t offer fair prices or adequate services.

Conclusion - Best travel cards for Malaysia

Ultimately the best travel card for your trip to Malaysia will depend on how you like to manage your money. Use this guide to get some insights into the most popular options out there, and to decide which may suit your specific needs.

FAQ - best travel cards for Malaysia

When you use a travel money card you may find there’s an ATM withdrawal fee from your card issuer, and there may also be a cost applied by the ATM operator. Some of our travel cards - like the Wise and Revolut card options - have some no fee ATM withdrawals every month, which can help keep down costs.

Travel money cards may be debit, prepaid or credit cards. Which is best for you will depend on your personal preferences. Debit and prepaid cards are usually pretty cheap and secure to spend with, while credit cards may have higher fees but often come with extra perks like free travel insurance and extra reward points.

There’s no single best prepaid card for international use. Look out for one which supports a large range of currencies, with good exchange rates and low fees. This guide can help you compare some popular options, including Wise, Revolut and Monzo.

Yes, you can use your local debit card when you’re overseas. However, it’s common to find extra fees apply when spending in foreign currencies with a regular debit card. These can include foreign transaction fees and international ATM charges.

Usually having a selection of ways to pay - including a travel card, your credit or debit card, and some cash - is the best bet. That means that no matter what happens, you have an alternative payment method you can use conveniently.

Yes. Most travel debit cards have options to make ATM withdrawals. Check the fees that apply as card charges do vary a lot. Some cards have local and international fees on all withdrawals, while others like Wise and Revolut, let you make some no fee withdrawals monthly before a fee kicks in.

Both Visa and Mastercard are globally accepted. Look out for the logo on ATMs and payment terminals in Malaysia.

The cards you see on this page are ordered as follows:

For card providers that publish their exchange rates on their website, we used their USD / MYR rate to calculate how much Malaysian Ringgit you would receive when exchanging / spending $4,000 USD. The card provider offering the most MYR is displayed at the top, the next highest below that, and so on.

The rates were collected at 15:54:21 GMT on 19 February 2024.

Below this we display card providers for which we could not verify their exchange rates. These are displayed in alphabetical order.

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More travel card guides.

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The 6 Best Travel Money Cards for Malaysia - 2024

Claire Millard

If you’re visiting Malaysia, a specialised travel money card can make it cheaper and more convenient to access Malaysian ringgit for spending and withdrawals. There are various options available, such as travel debit cards, prepaid travel cards, and travel credit cards, which cater to different types of customers. The right one for you will depend on your personal preference and how you like to manage your money.

Read on for all you need to know, including a closer look at travel money card types, some great options to consider, and the sorts of fees you need to think about when you choose.

Wise - our pick for travel debit card for Malaysia

If you’d prefer to switch from CAD to MYR before you travel, so you can see your budget in ringgit more easily, you may struggle to find a Canadian travel card that can help. That’s where the Wise card comes in, as a versatile travel money debit card that can hold and spend MYR, as well as a diverse range of other currencies.

best travel debit card malaysia

Here are some of the advantages and disadvantages of the Wise travel money debit card , to help you decide if it’s right for you.

Hold and exchange over 50 currencies alongside MYR

No fee to spend any currency you hold, low conversion fees from 0.41%

Mid market exchange rate on all currency conversion

Some fee free ATM withdrawals every month

No ongoing costs and no interest to pay

ATM fees apply once you exceed your plan limits

No option to earn points or rewards

Click here to read a full Wise review

What is a travel money card?

Just like your normal bank card, a travel money card can be used for online and in-store purchases, as well as for cash withdrawals. However, with a travel money card, the features and fees are tailored for global usage. This may mean you get a better exchange rate, or fewer charges, in comparison to using your regular card abroad. Some travel cards - particularly travel credit cards- also offer opportunities to earn cashback and rewards for using your card internationally.

It’s worth noting that there’s not much in the market in Canada for spending in ringgit specifically - so you might find you need to shop around a bit more than you would if you were looking for a travel card for USD or GBP for example. We’ll cover some top options to consider in this guide, to get you started.

6 travel money cards for Malaysia compared

Before we get into each card option in more depth, here’s a summary of how six of the best travel money cards for Malaysia compare to each other.

The features of various travel money cards can differ significantly. Generally, travel debit cards can be convenient and relatively inexpensive to use, while travel credit cards may offer extra benefits such as cashback or rewards. However, they also come with the risk of incurring interest and late payment fees, if you don’t pay off your bill in full every time.

Travel debit cards usually allow you to easily add funds online or via a mobile app, which helps you stick to your budget and avoid overspending. Conversely, travel credit cards enable you to spend up to your credit limit, and you can pay off the balance over several months. Which is best for you will come down to how you like to manage your money - we’ll dive into a few more details about each card type, next.

What are different types of travel cards?

Broadly speaking, Canadian customers can pick a travel money card from either a traditional bank or a specialist provider, from a selection including travel debit cards, travel prepaid cards or travel credit cards. We’ll walk through what each travel money card type is, and pick out a couple of good card options, so you can compare and choose.

1. Travel debit cards

2. Travel prepaid cards

3. Travel credit cards

1. Travel Debit Cards

Specialist providers typically offer travel debit cards, which are accompanied by digital accounts that allow you to top up, hold, and exchange currency balances. Unfortunately, not many cards on offer in Canada support holding MYR - which might mean you pay a foreign transaction fee when you use your card in Malaysia.

That said, even with some fees to consider, travel debit cards usually provide a user-friendly online platform and mobile app for effortless balance top-ups, making it easier to manage your finances no matter where you are in the world.

Travel debit card Option 1: Wise

Wise is our pick for travel money debit card for Malaysia, and the only one of our selection which offers the option to hold and exchange MYR within the account.

There’s no fee to open a Wise account , and no delivery fee for your Wise card , with no minimum balance and no monthly charge . You just pay low Wise fees from 0.41% when you convert currencies, and transparent ATM fees when you exhaust the monthly free withdrawals available with your account.

No fee to open a Wise account , no minimum balance requirement

No fee to get your Wise card, free to spend any currency you hold

2 withdrawals, to 350 CAD value per month for free, then 1.5 CAD + 1.75%

Hold MYR  and 50+ other currencies, convert between them with the mid-market rate

Get local account details to receive CAD, USD and 7 other currencies for free

Travel debit card Option 2: Canada Post Cash Passport

You can pick up a Canada Post Cash Passport in your local Post Office, and top up your account in CAD. You can then switch your balance to any of the 7 supported major currencies. Unfortunately, MYR is not supported by this card, which means there’s  a foreign exchange fee of 3.25% when you spend with this card in Malaysia. You can use your Canada Post Cash Passport card in ATMs and wherever the network is supported. ATM fees apply which vary by currency.

Supports 7 major currencies, not including MYR

3.25% foreign transaction fee to spend where currencies are not supported

Variable ATM fee

1.5% fee for using your card in Canada - plus any applicable fee to convert funds back to CAD if you hold a foreign currency

Pros and cons of using debit travel cards in Malaysia

Avoid interest costs and late payment fees

Hold and exchange currencies in advance or at the time of spending

Accounts can be topped up, viewed and managed using just your phone

Safe to use, as accounts aren’t linked to your main Canadian bank account

Travel debit cards are issued on popular global payment networks

Transaction and currency conversion fees may apply

Cash back and rewards may not be available

How to choose the best travel debit card for Malaysia?

Choosing the best travel debit card for Malaysia depends on your personal preferences and financial management style. If you travel often - and not just to Malaysia - it's smart to consider an account that offers mid-market currency exchange rates and a wide selection of supported currencies, including MYR, like Wise. Canada Post also offers the Cash Passport - this card doesn’t support MYR for holding or exchange, but can be conveniently collected in your local Post Office, and as it’s not linked to your main CAD account will still add some extra security to your overseas spending.

Is there a spending limit with a travel debit card in Malaysia?  

Each card provider sets their own limits for card usage, which can differ based on the type of transaction. These limits may be imposed on a daily, weekly, or monthly basis. For example, there could be a restriction on the number or value of ATM withdrawals allowed per day or a cap on the value of contactless payments you can make. These limits are in place for security purposes and can usually be adjusted through the provider's app.

2. Prepaid Travel Cards

With a prepaid travel card you’ll usually need to first order a card and then add funds in CAD from your bank account or card. Once you have a balance you can then pay merchants and make cash withdrawals at home and abroad. While prepaid travel cards are usually issued on large global networks - and can therefore be used pretty widely - you may find you pay a foreign transaction fee when overseas, depending on the specific card you select.

Prepaid travel card option 1: BMO Reloadable Mastercard

The BMO Reloadable Mastercard can be topped up in CAD and used when you travel in Malaysia. You’ll pay a 2.5% foreign transaction fee when overseas, but you’ll still have the advantage that - as with other prepaid and travel cards - this card is not linked to your primary bank account, so it can increase security when spending abroad. There’s a 6.95 CAD annual fee, but as this is a purchase card rather than a credit card, there’s no interest to worry about. You just top up and you can spend up to your account balance freely.

6.95 CAD annual fee, 2.5% foreign transaction fee

5 CAD ATM fee

No interest to worry about

Manage your card online or using your phone, to top up and view balance

Add funds from BMO or other Canadian banks directly

Prepaid travel card option 2: Koho Premium Mastercard

You can get up to 2% cash back with the Koho Premium Mastercard, and there’s no foreign transaction fee to worry about. Instead, you pay a monthly card fee of 9 CAD. The basic card is free to get, or you can upgrade to a Koho metal card for 159 CAD if you want a fancier way to pay when you’re at home and abroad.

9 CAD/month premium fee

No foreign transaction fee

Earn cash back on your spending

Pros and cons of using prepaid travel cards in Malaysia

Manage your account, add more money or convert funds online or with an app

Accounts with no monthly fees are available

Issued on globally popular networks for good coverage

ATM withdrawals supported globally

Some accounts have extras like options to earn cash back or reward points

Typically only CAD supported - watch out for foreign transaction charges

Transaction fees apply to most accounts

How to choose the best travel prepaid card for Malaysia?

There’s no single best travel prepaid card for Malaysia - it’ll come down to your personal preference. If you don’t mind paying a monthly fee you might like the Koho Premium card which waives foreign transaction fees, and other charges like ATM withdrawal fees. Otherwise, if you just want a simple prepaid card and don’t mind the foreign transaction fee when you’re in Malaysia, the BMO prepaid card might suit you.

Is there a spending limit with a prepaid card in Malaysia?

Spending and withdrawal limits on prepaid travel cards can vary based on the card provider and currency. Carefully examine the terms and conditions of each provider you are considering, to make sure you pick a card that suits your specific needs and preferences, giving you peace of mind.

3. Travel Credit Cards

Travel credit cards often come with additional benefits not found in regular credit cards. These benefits can include lower or no fees for foreign transactions and the chance to earn extra rewards when using the card abroad. While travel credit cards offer safety and convenience, it's worth noting that they may be more expensive than using a debit card.

Before choosing a travel credit card, it's essential to consider factors such as fees, rates, eligibility criteria, and interest rates. Take the time to compare different options and select the one that suits you best.

Travel credit card option 1: HSBC World Elite Mastercard

The HSBC World Elite Mastercard has been optimised for overseas use, with extra rewards on international spending and travel, plus no foreign transaction fees to pay. There are lots of ways to earn rewards, including variable new customer bonus offers - the downside is that there’s an annual fee of 149 CAD, so you’ll need to check if the benefits outweigh the costs. As with any other credit card, you’ll also need to pay off your bill in full every month to avoid interest charges.

149 CAD annual fee, 5 CAD ATM withdrawal fee

Variable interest rate

Options to earn rewards, including enhanced benefits for travel spending

Travel credit card option 2: Home Trust Preferred Visa Card

The Home Trust Preferred Visa Card is a credit card with a variable interest rate, no foreign exchange fees and 1% cash back on all eligible purchases. There’s no annual fee to pay, although the ATM withdrawal fees can run pretty high - 1% or 1.5% depending on the ATM type, and the maximum cap is 15 CAD for some withdrawals.

No annual fee, no foreign transaction fee

1% cash back on all eligible purchases

ATM fees apply, which are set as a percentage, and can run pretty high

Pros and cons of using credit cards in Malaysia

Enjoy peace of mind with zero liability policies offered by some cards

Spread the cost of your travel expenses over several months

Some cards have no foreign transaction fees, saving you money on international purchases

Exchange rates typically offered by card networks are usually fair

Earn cash back and rewards on your spending with select cards, making your travel even more rewarding.

Interest charged if you don’t repay in full every month

Eligibility rules apply

How to choose the best travel credit card for Malaysia?

Selecting the best travel credit card for Malaysia largely depends on individual preferences. If you aim to earn rewards and cashback on your foreign transactions, the Home Trust Preferred Visa may be a suitable option as it does not have a foreign transaction fee and provides cash back on all purchases. Whichever card you’re considering you’ll want to weigh up the potential fees you’ll need to pay against the rewards you can earn to make sure it’s worthwhile.

If you regularly travel to Malaysia or further afield, getting a travel money card which supports the currencies you need frequently can help you save money. Travel money cards have different features, and can be picked up via regular banks, online specialists and even the Post Office.

You could opt for a low cost travel debit card which comes with a linked account to hold a selection of currencies including MYR - like the Wise account. Or you might prefer a prepaid travel money card like the Koho Premium Mastercard which has monthly fees in exchange for features like no foreign transaction charges - handy if you use it abroad often. Finally, another option is to get a travel credit card either to earn cashback and rewards, or to avoid foreign transaction fees.

The good news is that the Canadian market is well served for all types of travel money cards - use this guide to start your research and pick the right option for your specific needs.

FAQ - Best travel cards for Malaysia

You can usually make cash withdrawals with a credit card in Malaysia at any ATM that supports your card network. You’ll often find that a fee applies, and you may start to accumulate interest on the withdrawn amount immediately. Travel money debit cards from providers like Wise and Canada Post can be a lower cost option for cash withdrawals overseas.

You can use your debit card anywhere you see the card network’s logo displayed. Visa and Mastercard networks are very well supported globally, including in Malaysia, making these good options to look out for when you pick your travel debit card for Malaysia.

Prepaid cards from reputable providers are safe to use at home and abroad. They aren’t linked to your main bank account which can offer extra peace of mind, and may also make it easier to manage your travel budget. However, you’ll need to check the card features and fees carefully to make sure you're getting the best match for your needs.

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  • United Kingdom

Best ways to spend travel money in Malaysia: Debit & prepaid cards

Learn more about the best card to use, if you should use a uk debit card and other ways to take spending money to malaysia..

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In this guide

Low cost travel money options for Malaysia

Currencies you’ll need in malaysia, travel card, credit card or debit card, currency exchange, exchanging your cash, using a mix of travel money options, frequently asked questions.

Malaysia is one of the most ethnically and culturally diverse regions of the world and a popular destination for tourists. Before you head to Malaysia, make sure you’ve planned how you’re going to access your cash. Sorting out your travel money is just as important as finding travel insurance, accommodation and planning your holiday itinerary. This guide will help you organise a safe and convenient way to access your cash before you travel. The right travel money option will depend on your financial situation and travel plans, so make sure to compare your options.

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Using prepaid travel cards.

These cards have some advantages for travellers, but make sure you dig a little deeper into the travel card fees section in order to find the travel money card that will cost you less to use overseas.

  • Multiple currencies. The main selling point for travel cards is the ability to load them with the currency of the country you’re visiting so you can spend without incurring currency conversion fees.
  • Budget control. You must keep topping up a travel card with pounds once you spend all your money. This gives you control over how much you’re able to spend and how much thieves could possibly spend if your card falls into the wrong hands.
  • Time delay. Reloading your card can take up to 3 days (or even longer if its a bank holiday in the UK), so you need to ensure you don’t let your card run too low before reloading it.
  • Backup card. Travel cards usually come with two cards. You can use the backup in the event the primary card is lost, damaged or stolen. A call to the card provider is all it takes to block the first card and activate the second card, although you might want to activate both before you leave.
  • ATM withdrawals. Travel cards allow you to withdraw cash from ATMs as well as make over-the-counter payments. Most travel cards charge a flat fee for ATM withdrawals. Some don’t, but these cards often charge for currency conversion or make up the transaction fee in other places such as initial load, reload or card inactivity fees.
  • Exchange rate. Most travel cards on the market use a different exchange rate to what’s applied to Visa and Mastercard credit cards and debit cards. A margin is applied by the travel card provider when funds are exchanged from British pounds to a foreign currency making the rates less favourable. However, you can pre-load your cash at a time when exchange rates look likely to be more favourable than the live times which debit and credit cards rely on

Using credit cards

Credit cards are widely accepted in Malaysia. You won’t have a problem using your card at shopping centres, large restaurants and hotels. Using a British credit card overseas comes at a cost though. Here are some fees you’ll want to keep an eye out for.

  • Exchange rate. Credit card transactions are subject to the Visa, Mastercard and American Express exchange rates. These rates are mostly in line with market rates and offer a better deal than travel money card rates.
  • Currency conversion fees. Unless you have a no currency conversion credit card, you can expect to be charged these fees when you use your British card to make purchases overseas. The average currency conversion fee is 3% per transaction.
  • Cash advance fees. You’ll be charged a cash advance fee when you use your card for ATM withdrawals. These fees are generally high and can sit around the 20% mark. Interest-free days don’t apply when you use your card for a cash advance.
  • ATM fees. As well as cash advance fees, you may be charged a local ATM fee when you use your card to withdraw cash.
  • Annual fee. Many credit cards charge an annual fee, so make sure the value you get from the card outweighs this cost.
  • Interest-free days. Some credit cards offer interest-free days on purchases when you repay your balance in full by the end of the statement period. The number of interest-free days will vary, but you can usually expect up to 55 interest-free days. If you’re using your card for purchases on your holiday, taking advantage of the interest-free days could help keep your interest costs to a minimum.
  • Complimentary insurance. Some credit cards offer complimentary international travel insurance and purchase protection. You’ll need to meet the eligibility requirements and pay for some of your travel costs with the card, but the insurance usually covers you plus your spouse or children who are travelling with you.
  • Rewards. Some credit cards (and travel cards) reward you with points when you make eligible card purchases. Some rewards credit cards are linked to a frequent flyer program and other cards reward you with points in a provider’s own loyalty program. Some cards offer a higher earn rate when you make purchases in a foreign currency, but these products often charge higher fees. Make sure to compare the value of the points against the extra cost to use the card overseas to determine whether it’s of value to you.

Using debit cards

Debit cards and current accounts are usually free to open. Compare your current debit card against a debit card with travel credentials to see if you can save on purchase and withdrawal fees in Malaysia. You won’t have a problem finding an ATM or point-of-sale terminal in Malaysia that accepts Visa or Mastercard debit cards.

  • Exchange rate. Visa and Mastercard debit cards use the Visa and Mastercard consumer exchange rate. This rate is likely to be close to the interbank rate, and the exchange rate spread applied by Visa and Mastercard is only marginal.
  • Your savings. Unless you’re using a current account as a dedicated travel account, this account is likely to be your main everyday bank account. Unlike travel cards, which only hold the funds you’ve transferred over, current accounts are likely to hold a larger sum of money. This might be a problem if you have trouble controlling your spending or if your card is stolen.
  • International ATM fees. This fee is charged by the card provider when you use an overseas ATM. If your card provider belongs to an ATM alliance, you might be able to avoid these fees.
  • ATM operator fees. Local ATM fees are charged by the ATM operator. You can avoid this fee in some countries by using an ATM within your institution’s overseas ATM network.
  • Currency conversion fees. This fee applies when you use your debit card outside of the UK. If you want to keep your costs low, look for a card that doesn’t charge this fee.

Using traveller’s cheques

Money safety can be a concern in Malaysia, but traveller’s cheques may not be the answer to your money security woes. You need identification to cash your traveller’s cheques, as they can only be used by you. However, fewer and fewer places are cashing traveller’s cheques in Malaysia as the digital economy grows.

  • Fees. You’ll pay a commission to cash your traveller’s cheques when you arrive in Malaysia. This is usually charged on a per cheque basis. You may also pay a handling fee to purchase the cheques.
  • Exchange rates. Don’t get traveller’s cheques exchanged more than once. Buy cheques in British pounds and cash Ringgit when you arrive. This will save you getting your money changed twice and losing out on international exchange. Avoid getting your traveller’s cheques cashed at a hotel. Do it at a bank or foreign exchange office. Hotels are likely to offer a far less competitive rate.

The Malaysian Ringgit (MYR) is Malaysia’s local currency. 100 sen makes up 1 Ringgit and you’ll need to access this currency if you want to pay in cash on your holiday. You can easily get your British pounds exchanged for the local currency at Malaysian money changers, which are located at numerous places throughout the country.

How much Ringgit should you bring on your trip?

Prices are approximate and are subject to change.

If you’re wondering which travel money option is best to take to Malaysia, the answer is a combination.

It’s important to know how you plan on spending and where you plan on visiting to find the right travel money solution. Cards are widely accepted, but the majority of your spending it likely to be in cash, depending on what you’re planning to do.

Although there’s no limit to the amount of foreign currency you can take into the country and it isn’t hard to exchange your British pounds, ATM withdrawal fees and currency conversion fees should be factored into your comparison. Read on for an overview of the pros and cons of the different types of travel money you can use in Malaysia. You won’t have to worry about withdrawal fees if you opt for a banking app such as Revolut or Starling, though. These work in much the same way as conventional bank accounts do, coming with a debit card authorised by Visa or Mastercard which can be “topped up” from your mobile phone, but the key advantage is that they don’t charge withdrawal of transaction fees.

A quick summary of travel money options for Malaysia

Malaysians sometimes refer to Malaysian Ringgits as dollars, and some prices use the prefix dollar sign. All prices are in Ringgits even if you hear the vendor saying dollars. Banknotes are divided into the following denominations: 1, 5, 10, 50 and 100. Familiarise yourself with these to ensue you don’t accidentally overpay.

malaysia-currency-ringgit-1

It’s easy to exchange your money to Malaysian ringgit when you arrive in Malaysia. Banks and foreign exchange offices can be found in major tourist centres. There is no fee to exchange cash – just different rates between exchange offices. Shop around to find the best rate, but the difference between exchange offices is usually marginal.

Hotels can exchange cash as well as cash traveller’s cheques, but the rates they offer are less competitive than what you can get at banks and other authorised money changers. To find the best rate, avoid getting your cash changed around Kuala Lumpur Sentral, the airport or at a hotel.

Make sure you check you’ve been given the right amount of cash before you walk away from the teller, and resist the urge to get your money changed on the street or at shops. Street vendors and merchants may be able to offer you a better rate than what you can get at banks and Bureaux De Change offices. However, these vendors are more likely to rip you off.

Malaysia is still a cash economy; you’ll need cash to experience some of the best parts of Malaysian food and culture. Most travellers visiting Malaysia opt for a combination of debit, credit and travel cards. Debit and travel cards are a good way to pay for your everyday spending, while credit cards can be used for deposits, big purchases and emergency situations. If you do plan on using your credit card in Malaysia, make sure you tell your card provider about your travel plans first so that your credit card is not blocked.

What safety tips should I know for handling money in Malaysia?

Common sense is the best approach to money safety in Malaysia. Avoid carrying excessive amounts of cash and don’t make it obvious if you are holding a lot of banknotes. Use reputable ATMs inside of banks or near banks with security and cover your hand when you’re entering your PIN. Or, if you’re using a banking app, keep a close eye on your phone.

What are the bank opening hours?

Banks in Malaysia are open Monday to Friday from 9.30am to 4pm. Banks in the Muslim states of Malaysia may have different opening hours.

Do I pay more because I’m not Malaysian?

In some places, you may pay more because you’re a tourist. This foreigner tax is not unique to Malaysia. If you feel the price is unreasonably inflated, all you can do is walk away.

How much should I tip?

Unlike countries like the United States, tipping is not expected in Malaysia. A service fee may be included in the bill at some restaurants. A tip is always appreciated though, so you can leave change for wait staff if you feel the service justifies something extra.

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Charlie Barton

Charlie Barton was a publisher at Finder. He specialised in banking and investments products, including banking apps, current accounts, share-dealing platforms and stocks and shares ISAs. Charlie has a first-class degree from the London School of Economics, and in his spare time enjoys long walks on the beach.

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Best Debit Card in Malaysia

By samantha lim.

best debit card in malaysia

Debit cards allow you to purchase without exceeding your budgetary limits while paying minimal fees. No wonder many people prioritise debit cards over other options, especially financially prudent ones. Per capita debit card transactions in 2022 in Malaysia were recorded at 3,640 Malaysian ringgit , which speaks volumes about their popularity.

Today, Malaysians have several debit cards, so selecting the best one becomes tricky. If you’re also looking for a debit card, you must know about its coverage, fees, and other factors. This guide will unpack everything about the best debit card in Malaysia, making it easier to pick one.

Table of Contents

Assessing Your Needs: Choosing the Right Debit Card

Transaction fees and charges.

The most important factors in choosing the best debit card in Malaysia are ATM, foreign transaction, and overdraft fees. Always choose a debit card that waives them if you meet certain requirements, such as minimum account balance, spending, etc.

ATM Network and Accessibility

The best debit card must provide quick access to your funds no matter where you are. That is possible only when a vast ATM network supports your card so you can withdraw your funds easily. Choose a card that is not only supported locally but internationally, too, so you can access your money while travelling.

Online and Mobile Banking Features

Digital finance allows people to perform faster and more convenient transactions than ever before. Therefore, you must get the best debit card in Malaysia, supported by a robust mobile banking system. With that, you can book a hotel or a flight ticket on the go. Moreover, a dedicated smartphone app brings everything in one place and allows you to perform transactions swiftly.

Safety and Security Measures

One of the best aspects of modern debit cards is that the installed microchip protects transaction data by encrypting it. Moreover, two-factor verification helps avoid fraud in many cases.

Despite these protections, it is still important for the card owner to be vigilant about the transactions and report any suspicious activity immediately. Moreover, if your card is stolen or lost, companies can block it immediately if you contact their support team.

Rewards and Incentives

The best debit card in Malaysia nowadays comes with lucrative rewards in cash, reward points, and more. However, it is crucial to evaluate them and understand whether they suit your spending preferences. If you’re a sportsperson and the debit card offers rewards for fashion purchases, they won’t be useful to you.

International Usability

A lot of people travelling these days want to have immediate access to their funds in foreign lands. Therefore, having the best debit card in Malaysia that supports international usability is a game changer. There is a small fee for international transactions, but it’s well worth it, given its convenience.

Additional Benefits

Some of the best debit cards in Malaysia offer additional benefits, such as special discounts at partner merchants, extended warranties, and emergency travel assistance. Although these are extra features, it’s still beneficial to have them.

Interest-Earning

Although rare for debit cards, inquire about any interest earned on your account balance. Some financial institutions offer nominal interest depending on your account usage and balance.

Overdraft Protection

Overdraft protection is an optional feature that lets users withdraw more funds than what’s available in the account. However, you must provide a backup bank account or a line of credit to cover these overdrafts. Moreover, the banks charge customers a fee for this service and deduct it from the backup account.

Benefits and Incentives: A Comparative Look

Top debit cards in malaysia, 1- maybank visa platinum debit card – best for free domestic withdrawals.

Maybank is the largest Malaysian Bank with a vast network of ATM locations nationwide. Besides their Debit Card, it offers many other financial products for customers. One of the best things about the Visa Platinum Card is that you can withdraw your funds without paying any fees.

If you want to use this debit Card internationally, the exchange rate has a 1% markup, but the Visa rate is quite reasonable. You can get a new Platinum Debit Card by opening an account with Maybank if you do not already have one.

Here are some of the most prominent features of the debit Card in Malaysia for those who want a large network of ATMs:

  • RM 3,000 daily default purchase limit.
  • RM 20,000 maximum purchase limit.
  • Accepted wherever you see the Visa logo.
  • Only RM 1 fee for out-of-network withdrawals and free local withdrawals.
  • 1% international spending markup.

2- Wise Card – Best for Travellers

Wise Card is the best debit card in Malaysia for those who often travel abroad or shop from international retailers. You don’t need to visit a bank to open a Wise account; there are no minimum balance or income requirements.

Customers only need to pay RM 13.7 once for ordering the Wise Card. After that, they get virtual and physical cards that can be used in more than 170 locations. Wise is a leading name in currency conversion, allowing customers to hold their money in 40 different currencies.

Even if you don’t have the required currency when purchasing the Wise Card, the system will automatically convert it and switch your balance in a way that costs you as little as possible.

Some of the highlights of Wise Card are as follows:

  • It can be used in more than 170 countries.
  • Keep over 40 currencies in your account and exchange or convert whenever needed.
  • There are no monthly fees, maintenance charges, or bank visits for getting your Card.
  • Virtual cards are available for those who want to deal online.

3- CIMB Debit MasterCard – Best for Youngsters

CIMB brings Standard and Preferred Debit MasterCard, with the former available for an issuance fee of only RM 15. It is available for customers above 12 years of age, but those between 12 and 18 need a parent or guardian to sign the indemnity letter. Conversely, the Preferred MasterCard is for wealthy people and has restrictive eligibility rules.

There are no standard transaction fees, but customers usually must pay a 1% cross-border fee. Moreover, there used to be a 1% administrative fee, but it was waived in December 2022.

Let’s look at some of the prominent aspects of the best debit card in Malaysia for youngsters:

  • Global merchant acceptance.
  • Multilevel security with secure chip technology.
  • Exclusive deals while shopping, dining, or travelling.
  • Minimum age limit of 12, provided there is a guardian or parent authorisation.

4- PB Visa Lifestyle Debit Card – Best for Lifestyle Enthusiasts

As the name suggests, this Debit Card is meant for your lifestyle purchases, such as food, birthday treats, and much more. The Card doesn’t require joining fees, but an annual maintenance fee of RM 8 is mandatory to keep it active. Keeping it active will allow you to purchase nationally and internationally while withdrawing money from your local account without any charges.

Let’s discuss some defining features of the best debit Card in Malaysia for lifestyle enthusiasts:

  • Accepted by merchants globally.
  • Free RM withdrawal and just RM 1 fee for out-of-network withdrawals.
  • Just a 1.25% foreign currency conversion fee with the Visa exchange rate.

5- RHB Premier Multi-Currency Card – Best Multi-Currency Card from a Traditional Bank

Awarded Debit Card of the Year by Global Retail Banking Innovation Award in 2019, this option is perfect for those wanting a multi-currency card from a local Malaysian Bank. With this Card and the Malaysian Ringgit, you can keep your money in 32 foreign currencies.

Moreover, customers can earn interest rates set according to different currencies. Similarly, you can avoid the annual fees by spending RM 3,000 annually.

Following are some highlights of the RHB debit card in Malaysia for those who use different currencies:

  • Allows you to work with 32 foreign currencies.
  • 1% fee for foreign currency transactions if your account doesn’t meet the minimum balance criteria.
  • No spending fees of any kind.
  • Waivers on annual fees if you meet minimum spending requirements.

6- Hong Leong Debit Card – The Top Choice for Basic Account Linking

The HLB Debit Card is a solid choice for those who want to link their Card with a basic checking or savings account. There are some transactional fees but no annual charges. However, these fees are minimal and don’t spoil your experience using the Card.

You can make contactless transactions up to RM 250 without a PIN. However, for cumulative transactions up to RM 800, the system asks you to make a contact transaction and enter the PIN to reset the cumulative limit. You will receive SMS and HLB app notifications every time your contactless transaction amounts to or exceeds RM 200.

Here are some factors that set this debit Card in Malaysia apart:

  • Zero annual or issuance fees if you link the Card with a primary account product.
  • Just a 2% international transaction fee.
  • International services are available for global spending without any restrictions.

7- HSBC Everyday Global Visa Debit Card – Best Multi-Currency Option for High Wealth Customers

HSBC allows you to open three Everyday Global accounts called Standard and Premier. The Standard account has no minimum balance requirements, while the Premier counterpart requires customers to have a minimum of RM 200,000 in their account. Although the Standard account lets you hold 11 different currencies, the Premier account goes much further and offers many more perks & privileges.

You can use the HSBC Global Visa Debit Card when shopping or travelling. Customers can also withdraw cash from local ATMs without any charges. Thanks to online banking, they can also top up their accounts on the go.

Some prominent aspects of the HSBC Everyday Global Debit Card are as follows:

  • Allows customers to use multiple currencies effortlessly.
  • Standard accounts are for regular customers, while Premier Accounts are for high-income individuals.
  • Just 1% foreign transaction charges.

8- BigPay Card 

The BigPay Card comes in Visa and MasterCard varieties and is accepted by 40 million merchants globally. It performs transactions and provides analytic tools for budgeting, international transfers, and personal loans. It is an excellent option for staying within a budgetary limit, as it only allows you to spend the money you have already deposited.

The Card can withdraw up to RM 10,000 at one time, but anything more significant than that is cancelled. Moreover, BigPay can terminate any account if these terms are violated repeatedly.

When customers make a transaction using a different currency, it is automatically converted to RM through the live exchange rate system. However, this exchange usually involves a markup on the mid-market exchange rate.

Following are some of the leading features of this debit Card in Malaysia:

  • Easy and swift payments to other BigPay account holders.
  • Worldwide spending without nag hiccups.
  • Direct transfer to selected bank accounts.
  • Budgeting features and other analytic tools.

9- Alliance Hybrid Standard Debit Card-i

The Alliance Hybrid Standard Debit Card-i pays back 1%, capped at RM 50 monthly on every overseas spending. With more than 1 million supported ATMs, it brings immense convenience to customers. This Card supports two brands, MyDebit in Malaysia and MasterCard in foreign locations.

Alliance Hybrid lets you stay in control of your finances by allowing you to set a withdrawal limit, starting from RM 1,000 and reaching up to RM 10,000. The system requires a 6-digit PIN for every transaction to protect user data against fraud. All transactions above RM 250 require the user to enter this 6-digit PIN.

The following are some standout features of the best debit Card in Malaysia for rebates:

  • RM 50 monthly cashback on spending overseas in foreign currency.
  • Up to RM 250 transfers without any PIN.
  • More than 1 million supported ATMs.
  • Over 29 million merchants accept it.

10- OCBC Debit Card – Ideal for High-Earning Shoppers and Global Use

The OCBC Debit Card is a top choice in Malaysia, especially for shoppers who appreciate high rewards and global convenience. Key features include:

  • High-Interest Rates : Earn up to 3.25% per year with the OCBC 360 Account/-i when you spend a minimum of RM500, making it perfect for regular shoppers who want to maximize their savings.
  • Worldwide Access : Withdraw cash and make purchases in-store or online globally, an excellent feature for international travelers and online shopping enthusiasts.
  • Quick and Secure Payments : For transactions under RM250, enjoy fast, PIN-less payments, enhancing convenience for small purchases.
  • Robust Security : Benefit from chip and PIN technology, transaction SMS alerts, and instant verification through OCBC Internet Banking or Mobile Banking, ensuring a secure shopping experience.
  • Customizable Control : Manage your debit card limits, overseas and online spending, and set SMS alerts via OCBC Internet Banking, providing tailored control over your finances.
  • Daily purchase: RM5,000
  • Daily ATM withdrawal: RM5,000
  • Daily ATM funds transfer: RM30,000
  • Cumulative contactless amount: RM500
  • Cumulative contactless count: 5 times

The OCBC Debit Card is an excellent choice for efficient, secure global spending and is ideal for those who prioritize both high rewards and comprehensive control over their financial transactions.

Key Features of a Debit Card

One of the primary advantages of the best debit cards in Malaysia is the convenience they bring to users. It allows users to purchase anything online or in a physical store. Moreover, debit cards now can pay bills, saving time.

The debit card directly utilises the user’s available balance instead of borrowing like credit cards , promoting financial prudence. Hence, they are particularly valuable for budget-conscious individuals seeking to manage their budgets effectively.

Personal Identification Numbers (PINs) and chip technology in debit cards provide layers of protection against unauthorised transactions, reducing the likelihood of fraud. Moreover, they serve as a bridge to the banking system for individuals who may not have access to traditional financial services. The best debit card allows users to become part of the larger digital financial landscape and enjoy the perks of electronic banking in Malaysia.

Accepted globally, they facilitate seamless financial transactions during travel and enable users to purchase from international vendors online. It enhances their versatility and makes them indispensable in an interconnected world.

The cashback provided by different cards varies, as some provide a flat rate while others offer higher percentages for some product categories. Pay attention to any cashback restrictions and ensure what you choose goes well with your spending habits.

Reward Points

Understanding how points are earned and the number of redemption options available is essential. Some of the debit cards in Malaysia offer accelerated points for specific categories or during promotional periods. Evaluate the versatility of redemption choices, from merchandise and gift cards to statement credits, and select a card that aligns with your preferences.

Look beyond reward points and examine the card’s potential for discounts. Most debit cards in Malaysia partner with merchants, offering exclusive shopping, dining, or entertainment discounts. Assess the range of participating businesses and their discounts to ensure they match your lifestyle.

The debit card in Malaysia with petrol benefits can be a game-changer for those who frequently refuel. Some cards provide cashback on fuel expenses, while others offer discounts at partner petrol stations. Consider the coverage and the ease of redeeming these benefits, ensuring that the card enhances your savings on regular fuel expenditures.

Evaluate the travel perks associated with the debit card, especially if you’re a frequent traveller. Look for features such as airport lounge access, complimentary travel insurance, or flight and hotel booking discounts. Consider how well they align with your travel habits, ensuring you get the most value from your Card.

Debit Cards for Specific Needs

Best debit cards for students.

The best debit card in Malaysia for students is the CIMB Debit MasterCard . It accepts customers as young as 12, so students can easily access it.

Top Debit Cards for Business Use

  • RHB Premier Multi-Currency Card supports 16 major foreign currencies.
  • The Standard Chartered Business Debit Card has 1 million ATMs and 30 million MasterCard establishments.

Best Debit Cards for Overseas Usage

The best debit card in Malaysia for overseas usage is the Wise Card , which works in over 170 currencies and supports over 40 international currencies.

Top Debit Cards for Online Shopping

The PB Visa Lifestyle is the best debit card in Malaysia for online shopping, thanks to its incredible offers for lifestyle customers. Its remarkable features include exclusive discounts and deals with a wide range of online retailers, making it a highly cost-effective option for savvy shoppers.

Check out our Top Credit Cards For Specific Needs here.

How to Apply for a Debit Card in Malaysia

Step 1: understanding the application process.

Here is a step-by-step guide to the application process:

  • Visit the nearest branch of the bank whose Debit Card you want or visit their website if they offer it online.
  • Provide all the necessary details on the application form.
  • Those with an account already can immediately convert to a Debit Card.

Step 2: Necessary Documentation

Ensure you have the following documentation when applying for your Debit Card in Malaysia:

  • Passport for foreigners.
  • Minimum deposit, which is usually RM 250.
  • Letter of employment.
  • Utility bills, including water/electricity/telephone.
  • Confirmation letter from employer or institution.

Step 3: Tips for Successful Applications

  • Make sure you provide all the details.
  • The details provided in the form must be accurate and should be rechecked.
  • Bring all the necessary documents with you and ensure they are authentic.
  • Research and select a debit card that aligns with your financial needs. Consider features like cashback, rewards, and benefits tailored to your spending habits.
  • Check interest rates, withdrawal limits, and related policies for better decision-making.
  • Resist the temptation to apply for multiple debit cards simultaneously.

Conclusion and Summary

Debit cards provide a balanced way to manage your budget using the latest financial technology. Since you can only use the money you have already deposited into your account, there are no worries about accumulating debt. The best debit card in Malaysia is the one that fits your personal preferences and the type of transactions you regularly perform. Therefore, this guide is essential to understanding which debit card in Malaysia offers the best balance between features and costs.

Frequently Asked Questions

What is the difference between a debit card and a credit card.

A debit card in Malaysia lets you spend only what’s available in your account since both are directly linked. In contrast, a credit card extends a line of credit, enabling you to borrow money up to a set limit.

You must repay the borrowed amount, often with interest, by the due date. Debit cards are a means of accessing your funds, while credit cards offer a temporary loan with potential interest charges if not paid in full each month.

Can I Use My Debit Card Abroad?

You can use your debit card abroad, provided you inform your bank about the travel plans beforehand. Check the currency conversion charges before leaving to know how much you might spend.

Ensuring that your debit card is compatible with local ATMs is also important. Using your debit card for purchases or withdrawing cash can be convenient, but understanding associated fees and notifying your bank is crucial.

Are There Any Charges for Using a Debit Card?

Using the best debit card in Malaysia may involve various charges, such as

  • Overdraft fees for spending more than your account balance.
  • ATM fees for using out-of-network machines.
  • Foreign transaction fees when making purchases abroad.
  • Monthly maintenance fees or fees for services like expedited card replacement do not apply to all banks.

Go through the bank schedule in detail to learn about all the charges you might have to pay.

How Do I Protect Myself from Debit Card Fraud?

To protect yourself from debit card fraud:

  • Set up account alerts for unusual activity.
  • Avoid sharing card details online unless on secure, trusted websites.
  • Utilise features like transaction notifications provided by your bank’s mobile app.
  • Report lost or stolen cards promptly.

What Should I Do If I Lose My Debit Card?

If you lose your best debit card in Malaysia, contact your bank for a report and request an immediate replacement. Many banks offer 24/7 customer service for such emergencies. Some banks may temporarily allow you to lock your Card through their mobile apps. Try to monitor your account and see if any unauthenticated transactions are happening so that you’re prepared for a mishap in advance.

best travel debit card malaysia

Samantha Lim

Samantha Lim, a finance writer from Malaysia, combines her Finance degree and industry experience to offer expert insights on personal...

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best travel debit card malaysia

What's the Best Currency to Take to Malaysia in 2023?

Byron Mühlberg, writer at Monito.com

Monito's Managing Editor, Byron has spent several years writing extensively about financial- and migration-related topics.

Links on this page, including products and brands featured on ‘Sponsored’ content, may earn us an affiliate commission. This does not affect the opinions and recommendations of our editors.

Are you travelling to Malaysia and wondering which currency you should take there? Malaysia uses the Malaysian ringgit, meaning that, except in tourist establishments, airports, or hotels, you normally won't be able to use major currencies like the US dollar or British pound to pay your way.

To pay while you're in Malaysia, you'll either need to buy Malaysian ringgit banknotes before or during your trip, use your credit card, or use a low-cost multi-currency debit card like Revolut 's or Wise 's travel cards.

In a rush? Here are our recommendations for how to pay in Malaysia if you're...

  • from the UK:   Revolut 's debit Mastercard
  • from the USA:   Chime 's VISA debit card
  • from Canada:   KOHO 's debit Mastercard
  • from the EU, Australia, or Singapore:   Revolut
  • wanting local banknotes:   ChangeGroup

In this short guide, we'll discuss what's the best currency to take to Malaysia, how you should pay when you're there, and what your cheapest options are to avoid paying hefty exchange rate charges.

Key Facts About Currency in Malaysia

Best currency to take to malaysia.

  • 01. Currency in Malaysia scroll down
  • 02. Best currency to take to Malaysia scroll down
  • 03. How to pay in Malaysia scroll down
  • 04. FAQ about currency in Malaysia scroll down

Overview of Currency in Malaysia

As we saw earlier, the currency in Malaysia is the Malaysian ringgit .

As the official legal tender in Malaysia, it's the sole currency recognized by the Malaysian government, and you can use it to settle all financial obligations in the country, from paying for your hotel stay, to the entrance fee at the Petronas Twin Towers, to a bite to eat in Bangsar.

Because it's the local currency and because you won't have any trouble buying goods with it, the best country to have on hand and spend while visiting Malaysia is, unsurprisingly, the Malaysian ringgit.

However, if you're taking another currency along with you, the US dollar is a safe bet, as it's highly exchangeable at banks and currency exchange offices in Malaysia, even if it's neither official nor used ubiquitously across the country.

You can check out the prevalence of a few of the most popular tourist currencies in Malaysia below:

US dollars aren't accepted in Malaysia, but you can sometimes pay with dollars at the airport, hotels, or shops and restaurants at major tourist establishments. If you're from the USA, we recommend using Chime 's debit card, which charges no foreign exchange fees, to make low-cost card payments while travelling in Malaysia. However, out-of-network ATM withdrawal fees and over-the-counter advance fees may apply.

British pounds aren't accepted in Malaysia, but you can sometimes pay with dollars at the airport, hotels, or shops and restaurants at major tourist establishments. If you're from the UK, we recommend using Starling Bank 's debit card, which charges no foreign exchange fees, to make low-cost card payments while travelling in Malaysia.

Euros aren't accepted in Malaysia outside of currency exchange offices, so you should be sure you're able to pay in riggits when you arrive. If you're from the European Union or EEA, we recommend using Revolut 's debit card, which charges no foreign exchange fees, to make low-cost card payments while travelling in Malaysia.

Although Malaysian ringgit is the best currency to use and the US dollar can be helpful at times too, exchanging currencies in the form of cash almost invariably leads to poor exchange rates for tourists (we've seen as high as 20% commissions, although the average is between 5% and 15% of the amount exchanged).

For this reason, it's generally a better idea to use your credit or debit card to pay at local points of sale wherever possible or (if cash is urgently needed) to withdraw some money from a local ATM. This will let your card provider handle the conversion, which is usually, although not always, a better deal than bringing foreign currency into Malaysia and exchanging it there. However, as we'll see below, a conversion-friendly debit card is the best choice of all!

ChangeGroup

ChangeGroup  is a viable option If you need physical Malaysian ringgit in cash in hand before your flight abroad to Malaysia. When it comes to popular currency pairs like  GBP to EUR , ChangeGroup maintains a low FX markup of approximately 2.2%.

For less common currency pairs like GBP to Turkish lira, however, their rates may be comparable to those offered by traditional services, hovering around 15%. This is why we tend to recommend Revolut and Wise for less common currencies.

  • FX Margin : 2.2% - 28.7%, varies by currency pair
  • Home Delivery: For a fee
  • Cash Pick Up : Free
  • Guaranteed Buyback: For a fee
  • Availability: UK, USA, Australia, Germany, France, Austria, Spain, Denmark, Sweden, Finland

How to Pay in Malaysia

When it comes to paying your way in Malaysia, you'll have the following three options broadly speaking:

Method 1: Cash

As we mentioned earlier, cash is an important medium of exchange in Malaysia. Pretty much all shops, restaurants, and commercial establishments around the country will accept Malaysian ringgit banknotes, and we recommend having some on hand when you travel. Foreign cash can be purchased before your trip from your bank in your home country, or during your trip at a local Malaysian bank or currency exchange office or (most affordably) from an ATM.

Note that in Malaysia, currency exchange offices normally go by the name money changers , so if you want to exchange your home currency for Malaysian ringgit, be on the lookout for signage with this name.

  • Cash prevalence in Malaysia: Very prevalent
  • Cost to exchange: 5% - 15% on average

Method 2: Credit Card

Although cash is king in Malaysia, credit and debit cards issued by major global providers like VISA and Mastercard are commonly accepted too. If your card is issued by American Express, Diner's Club, or another card company, there's a good chance they'll also be accepted in Malaysia, but we recommend checking with your bank or card provider directly to make sure that Malaysian ringgit currency conversion is indeed supported, and that card machines and ATMs in Malaysia commonly support cards of this type.

  • Card prevalence in Malaysia: Very prevalent
  • Cost to exchange: 2% - 5% on average

Method 3: Travel Debit Card

Just like credit cards, prepaid debit cards (which are also normally issued by VISA or Mastercard) provide an excellent way to pay while visiting Malaysia, the main difference being that you normally pay lower fees and exchange rates . Depending on where you live, you'll probably have options from your bank or a third-party provider to use a commission-free debit card or a multi-currency card which can help you dodge high Malaysian ringgit conversion costs, including DCCs .

According to our analysis of dozens of providers, the top two options for travelling to Malaysia, in general, are the following:

Revolut is an excellent option for paying in Malaysia. Its all-in-one mobile finance app and debit card offer competitive exchange rates to the Malaysian ringgit and low fees. What's more, you can easily manage everything through your money through Revolut's user-friendly app.

Go to Revolut ❯

  • Trust & Credibility 8.9
  • Service & Quality 7.9
  • Fees & Exchange Rates 8.3
  • Customer Satisfaction 9.4
  • Monthly fee: $0
  • Card type: Mastercard debit
  • Card payment cost in Malaysian ringgit: 0.5% - 1.5%
  • Cash withdrawal fee: 0% - 2%
  • Malaysian ringgit balance: No
  • Malaysian ringgit bank details: No

Wise Account

The Wise Account is another great option for paying in Malaysian ringgit. It gives you the lowest possible currency exchange rates with complete transparency and no hidden fees. It also allows you to hold and manage over 50 currencies in one account and provides fast and secure cross-border money transfers at a fraction of the cost of traditional banks.

Go to Wise ❯

  • Trust & Credibility 9.3
  • Service & Quality 8.9
  • Fees & Exchange Rates 7.6
  • Customer Satisfaction 9.6
  • Card type: VISA debit
  • Malaysian ringgit balance: Yes

Wise and Revolut are excellent options that are available in many countries around the world. However, depending on where you live, you might have access to better deals still. We go over a few of them below:

United Kingdom

  • Starling Bank : Best full bank account with no fees (even abroad)
  • Revolut : Best spending and budgeting app.
  • Wise : Best for multiple foreign currency balances.

United States

  • Chime ®: Best all around; no fees for non-USD transactions.
  • Revolut : Best all-around spending app.
  • Wise : Best for foreign currency spending and holidays.
  • KOHO : Best all around; just 1.5% on foreign transactions
  • Wise : Best for foreign currency spending and holidays.

European Union

  • Revolut : Excellent for spending abroad.
  • N26 : Best full bank account with low fees (even abroad)
  • bunq : Best credit card (also a fully-licensed bank).

FAQ About Currency in Malaysia

The best currency to take to Malaysia is the local currency, the Malaysian ringgit. US dollars are also highly exchangeable at local banks and currency exchange offices. However, instead of converting physical banknotes, the cheapest way to pay in Malaysia is to use a multi-currency travel debit card like Revolut or Wise .

Generally, we don't recommend exchanging currency before travelling to Malaysia. Although having some Malaysian ringgit cash on hand can be helpful, we recommend drawing some from an ATM once you've arrived in Malaysia using a prepaid multi-currency card like Revolut to avoid the hidden currency exchange fees.

It depends on the country you're visiting and the expenses you will have. Credit cards are widely accepted in many countries, including Malaysia, and can offer benefits such as rewards points and fraud protection. However, some places may only accept cash, especially in more rural areas. It's a good idea to have both cash and credit cards on hand and to research the best way to access your money while travelling.

The best way to avoid currency exchange fees when travelling to Malaysia is to pay using a multi-currency travel debit card like Revolut or Wise . This way, you can make low-cost conversions to the Malaysian ringgit every time you tap your card or withdraw cash. Other excellent debit cards that don't charge conversion fees include Starling Bank in the UK and Chime in the US.

Take a Look at These Related Guides

best travel debit card malaysia

Travelling to Another Country Too?

Take a look at the best currencies to take to other countries:

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Best travel credit cards.

in Malaysia

Best Travel Credit Cards in Malaysia - Get a Travel Credit Card

We found 44 credit card(s) for you!

Here's some popular credit cards for your reference!

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Alliance Bank Visa Infinite Credit Card

Win perysmith kaden series or rm200 tng.

*Terms and conditions apply

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HSBC Visa Signature Card

Guaranteed gift rm300 via duitnow.

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Alliance Bank Visa Platinum Credit Card

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RHB Rewards Credit Card-i

Guaranteed corvan air fryer / rm150 tng.

* Terms and conditions apply

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AEON Gold Visa / MasterCard

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HSBC Platinum Credit Card

Guaranteed rm300 via duitnow.

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HSBC TravelOne Credit Card

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AEON Platinum Credit Card

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Standard Chartered WorldMiles World Mastercard

Easily collect worldmiles points when you spend overseas and convert them to your preferred frequent flyer programme airmiles online, or redeem travel vouchers from asiatravel.

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AmBank/AmBank Islamic Visa Infinite

For every rm1 spent overseas, you earn 5 ambonus points and also enjoy exclusive travel and dining privileges too.

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Maybank Islamic Ikhwan Visa Infinite

Up to 5 treatpoints on all overseas spending, and 2 treatpoints spent locally.

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AmBank/AmBank Islamic Visa Signature Card

Earn 3 ambonus points for every rm1 spent overseas, and also enjoy exclusive dining and travel privileges.

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BSN Platinum MasterCard / Visa

Redeem accumulated happy points for big points, enrich points, exciting gifts, retail vouchers and so much more..

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Maybank KrisFlyer Amex Gold

Earn 2 krisflyer miles for every rm2 spent when you purchase tickets online at www.singaporeair.com..

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Standard Chartered Visa Platinum

Enjoy and receive 5,000 bonus points monthly plus up to 10x points on grocery spend and up to 5x points for dining, retail and overseas purchases..

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Hong Leong Platinum Business

Get up to 60 days interest-free credit period for all retail transactions, and with a business-size credit limit of up to rm300,000.

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CIMB Travel World Credit Card

Travel sooner than you think with your cimb travel world credit card. earn up to 12x airport lounge access.

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UOB Infinite Card

Get exclusive dining, travel, shopping, gold, and fitness privileges with this card you will also get a 0% interest installment payment plan at all participating merchants.

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AmBank/AmBank Islamic Visa Platinum Card

Great for those who travel a lot, as you earn extra ambonus points for your overseas retail spending also get complete travel insurance coverage of up to rm1,000,000.

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Maybank 2 Platinum Card

Enjoy up to 5x treatspoints on weekdays and up to rm700,000 travel insurance coverage when tickets are charged to your maybank 2 platinum card..

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Maybank Visa Platinum

Up to 2x treatspoint from all retail spending.

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Maybank American Express Cashback Gold Credit Card

Putting cash back into your wallet with just one card for both local and overseas spending..

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HSBC Premier World MasterCard

Earn up to 10x reward points from all overseas hotel, dining, and shopping spending.

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Maybank MasterCard Platinum

Dining and entertainment privileges.

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Hong Leong MATTA Card

Earn 1% cashback on all your overseas retail spending, and also get travel accident insurance coverage of up to rm1,700,000.

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Maybank World MasterCard

Earn 5 treats airmiles from local and overseas retail spending .

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Maybank 2 Cards

Enjoy cashback and exclusive rewards with a minimum rm300 spend whilst enjoying up to 5x treatspoints on your weekday spend..

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Public Bank Platinum MasterCard Credit Card

Enjoy free travel insurance and no annual fees..

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OCBC 365 MasterCard

Earn 1% cashback on all retail transactions up to rm1,000, and 0.5% cashback on any subsequent spending above rm1,000.

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AEON Classic Visa / MasterCard

Rewards and discounts for every spend at aeon across malaysia with 1x aeon point with every rm2 spent..

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Maybank Visa Signature

Taking shopping overseas to a 5x new level of treatspoints for every rm1 spent plus up to 5% cashback on all petrol and grocery spend..

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Maybank GRAB Mastercard Platinum Credit Card

New maybank grab credit card rewarding you for all your lifestyle daily needs i.e food, transport, e-commerce, up to 5 grab reward points for every 1 ringgit malaysia spent.

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Maybank Islamic World Mastercard Ikhwan Card-i

10,000 treatspoints on first spend, exclusive discounts on dining, golf privileges.

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Maybank 2 Cards Premier

Redeem 1,000 airmiles with 5000 treatspoints while earning 5 treatspoints for every rm1 spent locally and overseas..

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Maybank Islamic MasterCard Ikhwan Gold Card

Enjoy up to 5% cashback every friday and saturday, and 10,000 maybank treatspoints on your first time spend with your new maybank mastercard ikhwan gold card..

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Maybank Islamic MasterCard Ikhwan Platinum Card

A money-saving credit card with 5% cashback on groceries and petrol, treatpoints gift redemption, and no annual fee for life plus free touch 'n go zing card.

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Maybank Manchester United Visa Infinite

Infinite manchester privileges, 10000 treatpoints on first spent, best air-miles, and exclusive dining, golf privileges.

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RHB World Mastercard Credit Card/-i

Earn up to 6% cashback for local spending..

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CIMB World MasterCard

Enjoy 1.5% unlimited cash rebate for overseas spending and 15% discount at any duty-free merchant..

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UOB Lady's Solitaire Card

Earn up to 10% cashback on grocery transactions at selected merchants, and get one complimentary access at true fitness too.

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CIMB Cash Rebate Platinum

Splurge online or spend on your daily needs and get rewarded up to 5% cash rebates on cinema, groceries, petrol, mobile, and utilities..

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AmBank UnionPay Platinum Card

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AmBank BonusLink Visa Card

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CIMB Travel World Elite Credit Card

Best credit card for affluent clients (usd 70,000 aum and above) by global retail banking innovation awards 2023, other credit card categories, prefer to talk to our customer care agents, how do you apply for a credit card online.

Use our Credit Card Smart Search to find a list of cards that fits your needs! Choose the one you are interested in.

Once you fill in your contact details, we will call you to help you apply!

Read more about Credit Card

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Travel points on credit cards, explained

PayPal Editorial Staff

March 14, 2024

Savvy shoppers can turn everyday spending into exciting adventures by harnessing the power of travel points on credit cards.

Travel points on credit cards are rewards earned for eligible purchases. When someone accumulates enough points, they can redeem them for travel-related expenses like flights, accommodations, or upgrades.

From earning to redeeming, discover the world of travel reward points in this guide.

How do travel points work?

Travel points on credit cards work by rewarding people for their spending. When someone uses their credit card for eligible purchases, they may earn a certain number of points or miles based on the card's rewards program. These points accumulate over time and can be redeemed for travel costs.

Some cards or reward programs also offer flexible redemption options, allowing individuals to transfer points to airline or hotel loyalty programs.

The more someone spends on their card, the more travel points they may accumulate. However, it’s important to practice responsible spending and not make purchases simply to earn more points.

While some credit cards may be specifically noted as travel credit cards or offered in tandem with airline companies, many rewards credit cards can still be used to earn points or cash back to spend on travel or lodging. There may also be rewards programs via cash back apps that offer earning potential for spending with certain travel-related companies or airlines. For example, PayPal users can view travel-related deals and rewards offerings in the Travel category on the PayPal app . Rewards earning and redemption options will vary depending on card provider and/or rewards program.

Potential pros and cons of travel points

Some benefits of travel points may be:

  • Free or discounted travel expenses:  Travel points may be redeemed for complimentary or discounted flights, hotel stays, and even upgrades, allowing for cost savings on travel expenses.
  • Travel perks:  Some travel rewards cards provide access to airline or hotel loyalty program benefits, such as priority boarding, lounge access, and room upgrades.
  • Flexible redemption:  Many programs offer flexible redemption options, including the ability to transfer points to partner airlines or hotels, providing more choices for travelers.

Before signing up for a travel rewards credit card, consider the possible risks of travel points:

  • Limited flexibility:  Some travel rewards programs may have restrictions or blackout dates. Points may also have expiration dates — if unused, someone may lose their rewards.
  • High annual fees:  Many premium travel rewards cards come with annual fees, which may offset the value of the rewards.
  • Increased spending:  To earn travel points, people must use their credit card, which can lead to debt if not managed responsibly.

How to earn travel points

To earn travel points, someone generally needs to use a travel rewards credit card on eligible purchases. Over time, they may accumulate enough points to enjoy a benefit like free or reduced airfare or a discounted hotel stay.

Beyond everyday spending, here are other ways to potentially earn travel points:

  • Sign-up bonuses:  Many travel rewards credit cards offer sign-up bonuses when opening a new account and meeting a spending requirement within a specified timeframe.
  • Frequent flyer and hotel loyalty programs:  When someone flies with a specific airline or stays at a particular hotel chain consistently, they may accumulate points or miles that can be redeemed for future travel.
  • Online shopping portals:  Some airlines and credit card companies have online shopping portals that offer bonus points for making purchases through their platforms.

Accumulating travel points requires responsible financial management, including paying off credit card balances in full each month to avoid interest charges . Additionally, check for any annual fees associated with travel rewards credit cards and ensure that the benefits outweigh the costs.

How to redeem travel points

Travel rewards credit cards may offer several redemption options, from flights or hotels to vacation packages or statement credits. When booking through a rewards portal, people typically have the option to pay with points or a combination of points and cash.

The redemption process may vary slightly depending on the specific travel rewards program or credit card. Always read the terms and conditions of the rewards program and credit card to understand any restrictions, blackout dates, and expiration policies associated with the points.

Learn how to redeem rewards .

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The 6 Best Travel Money Cards for Indonesia

Claire Millard

Indonesia is a close neighbor, but there’s still plenty of attraction for Malaysians looking for both a quick city break or a longer trip to explore. Whether you’re off to hike, hit the beach, or head to the shops in one of the major cities, a travel money card can make it cheaper and more convenient to spend when you’re away.

This guide covers all you need to know about travel debit cards, prepaid travel cards and travel credit cards, plus our pick of the top options available in Malaysia you might want to consider, and the sorts of fees you need to think about when you choose.

Wise – good value debit card for Indonesia

Before we get into details about different travel money card options, let’s start with the Wise card as a good all-round option that allows you to hold and spend in IDR, as well as a diverse range of other world currencies.

Wise accounts have the flexibility to hold and exchange more than 40 currencies, plus you can get a linked Wise card for a one-time delivery fee. You can either top up your account in ringgit and switch to IDR before you travel, or you can let the card automatically switch currencies as required. As soon as you order your physical Wise card, you can also create a Wise virtual card , which means there’s no need to wait to spend - just add your virtual card to a wallet like Apple Pay and you’re good to go.

best travel debit card malaysia

Wise uses the mid-market exchange rate for currency conversion, with fees from as low as 0.43%. You can also get MYR bank account details, as well as local account details for up to 9+ other currencies, to receive convenient payments to your Wise account .

Here are some of the advantages and disadvantages of using the Wise travel money debit card, to help you decide if it's suitable for you.

Quick summary: Best travel cards for Indonesia

You’ll be able to pick from a range of travel cards for Indonesia - the right one for you will depend on your personal preference and spending style. This guide is here to help you choose, with reviews of 2 of our favourite travel money cards from each category to help you compare. Here’s what we’ll be looking at:

Wise travel debit card: Hold 40+ currencies including IDR, with no ongoing fees, and spend with the mid-market exchange rate with no foreign transaction fee and low conversion costs from 0.43%

BigPay travel debit card: Top up in MYR and spend with a 1% foreign transaction fee, while earning AirAsia points

Enrich Money prepaid travel card: Hold and spend 20 currencies including IDR, and earn rewards in partnership with Malaysian Airlines as you do

Aeon prepaid travel card: Spend internationally with a low 1% foreign transaction fee, get rewards with Aeon partner merchants, and free ATM withdrawals at Aeon ATMs

RHB Visa Signature travel credit card: Get travel insurance, lounge access, 2% cash back on international spending, with a 1% foreign transaction fee

Maybank Visa Signature travel credit card:  5x rewards on overseas spending, access to fast track immigration clearance at airports, and to the Visa concierge service - 2.25% foreign transaction fee applies

6 travel money cards for Indonesia compared

Before we get into details about the cards we’ve picked out as worth comparing, let’s get a quick overview. Here’ve we’ll line up each of our 6 top travel money cards side by side based on key features and fees - there’s lots more information coming up, too:

It’s useful to note that each card has been designed with specific customer needs in mind. Usually that means that travel debit cards are fairly cheap to use, while travel credit cards may have fees - but also often come with perks like cashback or rewards.

Travel debit cards are also handy if you’re on a fixed budget. Just top up your account with the amount you need - and there’s no credit line, so you can’t overspend by accident. Travel credit cards on the other hand let you spend to your card limit, and then repay the amount over a few months if you’d prefer to. Which is best for you will come down to how you like to manage your money - we’ll dive into a few more details about each card type, next.

What is a travel money card?

A travel money card will look and work in the same way as any other credit or debit card. You’ll be able to make payments in person and with a mobile wallet like Apple Pay, shop online, and make cash withdrawals.

What makes travel cards special is that they’ve been designed for international use - whether that's in person spending or withdrawals, or online shopping in foreign currencies. The features you’ll get differ depending on the card type and specific provider, but you might be able to hold a balance in multiple currencies, avoid foreign transaction fees, or earn cash back or rewards overseas.

What are different types of travel cards?

Generally you can split the different types of travel cards available in Malaysia into the following categories. We’ll walk through the features and benefits of each in a moment:

1. Travel debit cards

2. Travel prepaid cards

3. Travel credit cards

Travel debit card Option 1: Wise

There’s no fee to open a Wise account , and just a small delivery fee for your Wise card, with no minimum balance and no monthly charge. You just pay low Wise fees from 0.43% when you convert currencies, and transparent ATM fees when you exhaust the monthly free transactions available with your account.

No fee to open a Wise account , no minimum balance requirement

13.7 MYR one time fee to get your Wise card

2 withdrawals, to 1,000 MYR value per month for free, then 5 MYR+ 1.75%

Hold Indonesian rupiah (IDR) and 40+ other currencies, convert between them with the mid-market rate

Physical and virtual cards available

Get local account details to receive MYR, USD and 8+ other currencies conveniently

wise-universal-account.jpg

Read our full Wise card review to learn more.

Travel debit card Option 2: BigPay

BigPay is a popular e-wallet and card available to residents of Malaysia. You can get your card for a one time fee, and also access a virtual card for online and mobile payments. You won’t be able to hold foreign currencies in your account, but your MYR balance is switched to the currency you need when you’re abroad using the network exchange rate and a low foreign transaction fee of around 1%.

Popular e-wallet with lots of other features like bill payment and remittance

No annual fee and no credit check

Virtual card available as well as physical card

Relatively low foreign transaction fee of up to 1% depending on payment type

Earn AirAsia points when you spend

bigpay-card-and-app.jpg

Pros and cons of using debit travel cards in Indonesia

How much does a travel debit card cost.

Travel debit cards often have a fee for delivery or to upgrade from a virtual card to a physical card. As this is usually a one time charge a travel debit card can still present very good value if you travel frequently or use your card to shop online on an ongoing basis.

How to choose the best travel debit card for Indonesia?

There’s no single best travel debit card for Indonesia - it really all depends on your personal preferences and how you expect to transact. If you travel a lot you may prefer to get an account with mid-market currency exchange and a large selection of supported currencies as well as IDR and MYR, like Wise . On the other hand, BigPay is a popular local e-wallet and card, which has a fairly low 1% foreign transaction fee and other perks like help with budgeting and analysing your spending.

Is there a spending limit with a travel debit card in Indonesia?  

Most travel debit cards have limits for card use, which are set to make the card more secure. Limits may apply on the value of cash withdrawals or contactless payments for example, but in many cases you can view and change the default limits in the provider’s app.

ATM withdrawals with debit card in Indonesia

If you’re heading to Indonesia it’s worth remembering that in some areas, cash will be the preferred payment method - so choosing a card you can use to make low or no cost ATM withdrawals is helpful.

The costs of making ATM withdrawals will vary a lot based on the card you pick. Some - like Bigpay - have a flat fee, while others like Wise have a set limit for fee free withdrawals with low fees based on the withdrawal amount after that. Compare a few options using this guide to pick the one that’s right for you.

2. Prepaid Travel Cards for Indonesia

With a prepaid travel card you’ll need to order a card and add funds, to pay merchants and make cash withdrawals. Prepaid travel cards are usually issued on large global networks - and can therefore be used pretty widely. Terms, conditions, features and fees do vary quite a bit, so compare a few before you pick

Prepaid travel card option 1: Enrich Money

The Enrich Money is issued by Malaysian Airlines in conjunction with Merchantrade, and allows you to top up conveniently in advance of spending globally. There are free top up options, and some which come with a fee - and once you have a balance in ringgit you can exchange it to the currency you need, from the selection of 20 supported currencies including IDR. You’ll earn rewards as you spend which you can convert to balance to spend with no foreign transaction fee to spend in supported currencies when you’re abroad.

Hold and spend 20 popular global and regional currencies including IDR

Visa network for easy spending and withdrawals

Manage your card in an app for ease and earn rewards you can convert to cash back

1.75% fee to spend an unsupported currency

Annual and card issuance fees apply, as well as a refundable deposit

Prepaid travel card option 2: Aeon Prepaid Mastercard

The Aeon Prepaid Mastercard can be used at home and abroad anywhere you see the Mastercard logo. You can top up in a variety of ways, including using cash at an Aeon location - fees may apply depending on the method you use to load funds. Once you have money on your card, you can also get extra benefits when you shop with Aeon partner merchants, and free ATM withdrawals at Aeon ATMs.

No annual fee and no minimum income requirement

Spend anywhere Mastercard is accepted

Relatively low 1% foreign transaction fee

Get discounts and rewards with partner merchants

Safe and convenient to use

Pros and cons of using prepaid travel cards in Indonesia

How much does a prepaid card cost.

Prepaid travel card costs do vary based on the provider you pick. You’ll need to Double check the terms of the card you prefer so you know what to expect. Bear in mind also that there can be a few different fees to consider - including some upfront one off costs, and some which are recurring. The Enrich card for example, has an issuance fee, an annual fee and a returnable deposit that you’ll need to pay upfront.

How to choose the best travel prepaid card for Indonesia?

The best travel prepaid card for Indonesia for you will depend entirely on your personal preference and what’s important to you. Enrich Money may be the natural choice if you use Malaysian Airlines a lot and want to hold a multi-currency balance for spending while earning rewards. The Aeon prepaid card is also a good bet with great global acceptance and no fees to make local ATM withdrawals when you’re in an Aeon location.

Prepaid travel card spending limit

To spend with a prepaid travel card you’ll first need to add money. Once you have a balance you can spend up to the amount loaded on the card - although there can be card limits for spending and withdrawals, which are set for security reasons. You’ll need to check your card’s terms and conditions carefully to make sure you pick a provider which suits your needs.

ATM withdrawals with prepaid cards in Indonesia

Prepaid travel cards may charge a fee when you make an out of network or international ATM withdrawal. It’s common to find there are some options for fee free local withdrawals in Malaysia, but costs of about 10 MYR are often added when you’re overseas.

Limits may also apply to how much or how often you can withdraw. For the Enrich card as an example, you can make up to 5 withdrawals to the value of 5,000 per day.

3. Travel Credit Cards for Indonesia

Travel credit cards typically come with some handy features designed for overseas spending, such as low foreign transaction fees and extra rewards or discounts when you spend foreign currencies. Whichever card you pick, bear in mind that you’ll need to pass eligibility checks and fees will apply if you don’t pay your bill in full, on time, every time.

Travel credit card option 1: RHB Visa Signature

The RHB Signature credit card lets you earn cash back on spending, with a tiered system which rewards more the more you spend. Local spending can attract up to 6% cash back, while you’ll also get up to 2% cash back when you’re spending in Indonesia. There’s no annual fee to pay with this card, and a relatively low 1% foreign transaction fee, which may make it an attractive pick for your next trip overseas.

Up to 2% cash back on foreign currency spending

80,000 MYR minimum annual income required

Free lounge access 5x per year, and discounts on additional lounge visits

Complimentary travel insurance

Variable interest rates which apply if you don’t pay off your bill in full

Travel credit card option 2: Maybank Visa Signature

The Maybank Visa Signature card is a premium card which has an annual fee of 550 MYR, but which offers 5x rewards on overseas spending, and lots of perks to make your trips abroad that bit easier. You’ll get access to fast track immigration clearance at airports, and can use the Visa concierge service for extra help when you need it - just bear in mind that the foreign transaction fee can be up to 2.25% which is on the higher side.

Annual fee waived in year one, then 550 MYR annually

5x Treats points for overseas spending, plus rewards when you spend at home

70,000 MYR to 100,000 MYR minimum income required

Airport speed pass to give you fast track immigration clearance in hundreds of airports

Travel insurance coverage and concierge services available

Pros and cons of using credit cards in Indonesia

How much does a travel credit card cost.

The fees for your travel credit card can include several different charges - an annual fee, interest costs and penalties if you don’t pay on time for example. You can find some travel credit cards with no annual fee, but others which have more premium benefits are likely to have high fees so read the terms and conditions carefully before you choose.

How to choose the best travel credit card for Indonesia?

Doing some research is the only way to pick the best travel credit card for Indonesia for your own specific needs and preferences. Before you choose, make sure you weigh up the potential fees you’ll need to pay against the benefits and rewards you can earn to make sure it’s worthwhile, and bear in mind that you’ll run into interest charges if you don’t clear down your bill every month, too.

Travel credit card spending limit

Your travel credit card spending limit will vary depending on the issuer’s policy. You’ll be notified of the details for your card when your application is approved.

ATM withdrawals

We mentioned earlier that in many places in Indonesia, carrying cash is essential. However, making an ATM withdrawal with a credit card can end up costly.

ATM withdrawals made with a travel credit card will usually mean paying a cash advance fee of around 5% of the withdrawal value, and immediate interest. Interest is likely to be set at the top end of the range that applies to your card - often about 18%. That may mean you prefer to keep your credit card for spending in store, and use a travel debit card for ATM withdrawals instead.

How much money do I need in Indonesia?

The costs of a trip to Indonesia can vary a lot. In major cities or super popular areas like Bali, accommodation and food prices rise quite a bit. But if you’re planning on hiking in the jungles or tackling one of the volcanoes, the chances are that you’ll find things pretty cheap.

You’ll need to plan your budget with a view to what you’ll be doing in Indonesia - if you’re hitting the Bali beaches, or want to stay in high end luxury in Jakarta, you can easily spend a lot. But Indonesia on a lower budget can still be a fantastic trip with some planning. To give an overview, here are some average prices for Indonesia as a whole:

Details correct at time of writing - 10th January 2024

Do some detailed research to see how much things are likely to cost based on your plans and where you’re headed, so you can set your budget. Get more detailed cost information by city, from Numbeo.com .

Conclusion: Which travel money card is best for Indonesia?

Using a travel card when you go to Indonesia can be a good way to spend and make cash withdrawals with lower overall costs. Different cards have their own features, but in all cases you’ll be able to tap and pay and make cash withdrawals in IDR just like you would at home. It’s worth looking in particular for a card which has low or no cost ATM withdrawals as you’ll run into situations in Indonesia where you really need some cash.

You could opt for a low cost travel debit card which comes with a linked account to hold a selection of currencies - like the Wise account. Or try a popular prepaid travel card like the Enrich card which lets you spend and earn rewards with Malaysian Airlines. Finally, if you’d prefer to spread the costs of your trip over a few months and don’t mind paying extra to do so, travel credit cards from major banks like RHB and Maybank are worth a look, for reward earning opportunities and easy ways to spend now and pay later.

FAQ - Best travel cards for Indonesia

Can you withdraw cash with a credit card in indonesia.

You can withdraw cash with a credit card in Indonesia at any ATM where your card’s network is accepted. Fees may apply, including cash advance and interest charges, and extra costs added by the ATM operator. Using a travel debit card, such as the Wise card, which has some fee free ATM withdrawals every month, can often be cheaper than using a credit card.

Can I use a debit card in Indonesia?

Yes. Debit cards can be used in Indonesia for spending and cash withdrawals. Just look out for the card network symbol displayed by the checkout or on the ATM you’re thinking of using. Bear in mind that in more rural areas, small stores, in markets and when taking a taxi, you’re likely to need cash rather than a card.

Are prepaid cards safe to use in Indonesia?

Prepaid cards are safe to use when you travel as your travel money is held separately to your bank account. That means that even if you’re unlucky enough to have your card stolen, thieves can’t access your main bank account. Plus, you’ll be able to make cheap or free ATM withdrawals as you travel, so you don’t have to carry around too much cash at any one time.

What is the best way to pay when travelling in Indonesia?

There’s no single best way to pay in Indonesia - it’ll depend a lot on where you’re going exactly. In major cities and tourist resorts, card payments are often supported and can be convenient and secure. However, cash is still a popular payment option in many places, so having some with you is a smart plan. Generally, in Indonesia and elsewhere, having a selection of payment methods on you, including a low cost travel debit, prepaid or credit card, as well as some cash, means you’ll always be able to pick the best option for the specific transaction type.

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  1. Best Travel Cards: What are the best options in Malaysia? 2024

    Maybank Visa Signature. Popular card from one of the biggest banks in the region. Travel perks available. Credit card - so interest and fees may apply. 2.25% foreign transaction fee + 5% cash advance fee if you withdraw from an ATM. HSBC Visa Signature Card.

  2. 6 Best Travel Cards for Malaysia

    The best travel debit card for Malaysia really depends on your personal preferences and how you like to manage your money. Overall, it pays to look for a card which lets you minimise fees and access favourable exchange rates - ideally the mid-market rate. While currency exchange rates do change all the time, the mid-market rate is a good ...

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  4. 6 Best Travel Money Cards for Malaysia

    Choosing the best travel debit card for Malaysia depends on your personal preferences and financial management style. If you travel often - and not just to Malaysia - it's smart to consider an account that offers mid-market currency exchange rates and a wide selection of supported currencies, including MYR, like Wise. ...

  5. Best International Debit Cards in Malaysia [2024] Guide]

    Best international debit cards in Malaysia. International card. Key points. Wise card. Use to spend in 150+ countries, in 40+ currencies. No fee to spend a currency you hold in your account. Currency exchange uses the mid-market rate with low fees from 0.43%. RHB international Visa debit card.

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    Travel rewards with no annual fee. Go to site Terms apply, see rates & fees. 20,000 miles (equal to $200 in travel) after spending $500 in the first 3 months. Earn unlimited 1.25x miles on all purchases. Low intro rates on purchases and balance transfers.

  7. Best ways to spend travel money in Malaysia: Debit & prepaid cards

    Debit cards and current accounts are usually free to open. Compare your current debit card against a debit card with travel credentials to see if you can save on purchase and withdrawal fees in Malaysia. You won't have a problem finding an ATM or point-of-sale terminal in Malaysia that accepts Visa or Mastercard debit cards. Exchange rate.

  8. Best Travel Credit Cards in Malaysia 2024

    Best Credit Card with Travel Insurance in Malaysia Credit Card: Insurance Coverage: UOB Visa Infinite Card: Travel accident: Up to RM500,000; Delayed flight: Up to RM1,000; Missed flight: Up to RM1,000; Lost luggage: Up to RM2,000; Delayed luggage: Up to RM1,000; Hong Leong Emirates HLB World Elite Card: Travel medical: Up to USD500,000

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    Maybank Visa Platinum Debit payWave. Key Benefit : Earn 1Treats Points for every RM3 spent in signature base retail transactions, while in the pin base, you earn 1 TreatsPoints for every RM5 spent. Set your own Purchase Limit up to maximum RM10,000 or default to RM2,000. Show details.

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    The Touch 'n Go Visa Card is also the first card in Malaysia to be numberless. So even if you lose the card, nobody can steal your card details for online transactions. The Visa card can also be used for ATM withdrawals. The fees are RM1.40 for local ATMs and RM15 for international ATMs under the Visa network. Learn more at Touch 'n Go Visa ...

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    Key points: Best cards with no or low foreign transaction fees. Wise international debit card: Hold and exchange 40+ currencies, spend with your card in 150+ countries, with no foreign transaction fee and currency exchange with the mid-market rate and low fees from 0.43%. RHB multi-currency Visa debit card: Hold - and earn interest on - 16 ...

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    AmBank/AmBank Islamic Visa Platinum Card. Great for those who travel a lot, as you earn extra AmBonus Points for your overseas retail spending! Also get complete travel insurance coverage of up to RM1,000,000! Min. Monthly Income. RM 2,000.

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    Wise travel debit card: Hold 40+ currencies including IDR, with no ongoing fees, and spend with the mid-market exchange rate with no foreign transaction fee and low conversion costs from 0.43%. BigPay travel debit card: Top up in MYR and spend with a 1% foreign transaction fee, while earning AirAsia points.