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Public Bank · Gold Mastercard · Cashback

PB Gold Mastercard

Earns
0.1% Dining
Lounge
None
Min income
RM24,000 a year
Annual fee
RM150 Waived at 12 swipes a year
See it on Public Bank's site

Good for

  • 0.1% cash back on local and overseas spend, with no cap.
  • Annual fee waived when you use the card 12 times a year.
  • Open to incomes from RM24,000 a year.

Watch out

  • 0.1% is a low rate: RM1 for every RM1,000 you spend.
  • Petrol, insurance, e-wallet reloads, government payments and JomPAY earn nothing.
  • RM150 annual fee if you use the card fewer than 12 times a year.

What it earns

Cash back, as a share of what you spend.

SpendingEarnsDetails
Spending in shops or online0.1%
Petrol, Insurance, Government / LHDN / JPJ and moreNothing Petrol, Insurance, Government / LHDN / JPJ, JomPAY / FPX / DuitNow to billers, Touch 'n Go reload, Grab top-up / GrabPay, Boost top-up, ShopeePay top-up and MAE / other e-wallet.

Getting your cash back

How it's paid
Credited to your card account every month From Public Bank's product disclosure sheet of 5 December 2023. The current sheet no longer describes it.
When you lose it
Card cancelled, suspended or restricted by the bank If the bank cancels, suspends or restricts the card, for example after missed payments, the cardmember agreement says all card benefits are cancelled or suspended at once. The bank has no rule written for the cash back itself.

Travel

Airport lounges
None
Overseas spending fee
1.25% 1.25% Public Bank spread, on top of the card network's rate

Insurance

Insurance
None listed Public Bank lists no cover for this card.

Fees and charges

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

Annual fee
RM150 Free the first year. Waived after 12 purchases in a year.
Extra (supplementary) cards
RM100 a year First year free, then waived after 12 transactions a 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 Depends 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 installments and any amount over your limit.
Late payment
1% of the balance, RM10 to RM100 Charged when the minimum payment is late.
Cash withdrawal
RM1.20 plus 0.01% in Malaysia RM3.80 plus 0.29% abroad. Plus 18% a year interest. No interest-free days.

Who can apply

Income
RM24,000 a year or more
Age
21 or older Extra cardholders from 18.
Documents
  • Employees: your latest payslip, EA statement, EPF statement or employment letter
  • Self-employed: your latest year's tax return or tax receipt. Company directors also need 6 months of company account statements
  • Overtime, commission or fee income: the latest 6 months of payslips or statements showing it
  • Income from abroad: your latest 3 months' payslips and an employment letter

Other perks

Pay by phone
Google Pay, Samsung Pay
Card network
Gold Mastercard

Where this comes from