HSBC · Visa · No rewards

HSBC MPower-i

Good for

This card earns no rewards.

Spending	Earns	Details
Touch 'n Go reload, Grab top-up / GrabPay, Boost top-up and more	Nothing	Touch 'n Go reload, Grab top-up / GrabPay, Boost top-up, ShopeePay top-up and MAE / other e-wallet.

Overseas spending fee: 1% 1% HSBC Amanah conversion cost, plus any fee Visa adds.

What it costs if you don't pay in full, or use it for cash.

Annual fee: Free for life No spending needed to keep it free.
Extra (supplementary) cards: Free The RM25 service tax still applies each year.
Service tax: RM25 a year per card A government charge on every credit card in Malaysia, billed by the bank.
Interest: 15%, 17% or 18% a year An Islamic card: these are profit rates. They depend on how reliably you paid over the last 12 months. None if you pay the full balance by the due date (20 days after your statement).
Minimum monthly payment: 5% of the balance, or RM50 Whichever is higher, plus any instalments and unpaid past minimums.
Late payment: 1% of the balance, RM10 to RM100 Late payment compensation, charged when the minimum payment is late.
Cash withdrawal: RM8.70 fee per withdrawal Plus 8% service tax on the fee, and 18% a year profit on the amount, counted daily. An unpaid cash advance also cancels the profit-free days on your other spending.
Replacement card: RM50

Income: RM24,000 a year or more
Age: 21 or older Extra cardholders from 18.
Documents: MyKad, both sides
Employees: the latest EPF statement, plus 3 months of payslips, a commission statement, 3 months of bank statements, or Form BE with the tax receipt
Self-employed: business registration or trading license, plus 6 months of bank statements, the latest EPF statement, or Form B with the tax receipt or CP02
Foreigners must work for a multinational, listed or government employer, or an HSBC corporate lending employer. They need a passport, a work permit valid at least 1 year, a letter from the employer and 3 months of payslips or bank statements.