Compare Travel Credit Cards in Malaysia 2021

A travel credit card is a card that allows you to convert your reward points into air miles which helps you to save money or gain rewards on travels. It is the best type of card for people who travel frequently.

For travel credit cards, it generally earns you reward points. When you charge your travel credit card and accumulate enough reward points, you can convert it into air miles which would be beneficial to frequent flyers. Some cards offer the conversion of reward points for air miles from any airline company of your choice, whereas some cards have a specific airline company.

There are various types of benefits you can gain depending on your bank, such as:

• Save costs on your flights
• Receiving travel insurance coverage
• Access to premium airport lounges
• Have international benefits and discounts
• Have the option to claim free flights

You can check your accumulated reward points by logging in to your account through online/mobile banking. You could also give your bank a call or visit the bank to find out more information.

It’s as simple as filling up an application form and submitting the relevant personal documents. On Loanstreet, just press apply and fill in your details. You will receive a phone call from us within 1 working day in order to check your eligibility, after which we will submit your application to the banks. You will then deal with the banks directly until your application is approved and your credit card is received.

• Ensure that you have sufficient income to repay your balance and the income declared in the application is solely yours.
• You could also have a guarantor who has a good credit history to cosign the application, for example, your parents, to be able to get a preferred interest rate.

Employed

• Latest Month Payslip and/or
• Latest EA Statement and/or
• EPF Statement and/or
• Employment Letter / Employer Confirmation

Self-Employed

• Latest 1 year Tax Returns / Tax Receipts
• Latest 6 months company CASA statement (for company directors)

However, do check with your respective bank on what documents you will need, as some banks will require extra documents.

Every card issuer has a different processing time to approve your application. However, it usually takes 7-10 days to receive your card, either by mail or collection at the bank. To make the processing time faster and more efficient, be sure to submit all the relevant documents with the correct details required by the card issuer.

You must contact your respective bank immediately and request to block your card. If you do not report it as soon as possible, you may be liable for the charges made to your card. The hotline services are available 24 hours for this issue. Besides that, you should also report to the police to protect yourself from any unauthorised usage.