If you’re tired of credit cards that charge you just to keep them in your wallet, the BSN Visa Cash Back Credit Card from Bank Simpanan Nasional is worth a look. It’s a straightforward cashback credit card: no annual fee for life, real savings on daily essentials, and a low income requirement that makes it accessible to a wide range of applicants.
BSN Visa Cash Back Credit Card: best credit card for cashback on everyday essentials
This isn’t a travel credit card chasing frequent flyer miles, it’s a cashback credit card designed around the spending Malaysians do every day. With up to 5% cashback on groceries, dining, and petrol, plus 1% unlimited cashback on overseas spending, the BSN Visa Cash Back Credit Card turns routine purchases into monthly savings without any complicated points system to figure out.
Add in complimentary travel accident insurance up to RM300,000 when you charge your full airfare, a built-in Touch ‘n Go auto-reload feature, and access to a balance transfer credit card facility with rates from 0% p.a. over terms up to 48 months, useful if you’re working on credit card debt consolidation from other cards.
Should I get a credit card from Bank Simpanan Nasional?
Bank Simpanan Nasional is a government-owned savings bank established in 1974 under Malaysia’s Ministry of Finance, and today it serves over 9 million customers through the country’s largest physical banking network of 387 branches, more than 2,168 banking agents, and 10 mobile bank branches, reaching areas many other banks don’t.
BSN has also picked up recognition for its community and financial-inclusion work, including the Excellence Award for Community Banking in Malaysia and the Top FI Partner in the SME Category, both in 2024 — a sign of an institution focused on serving everyday Malaysians rather than just premium clients.
How to get a credit card from Bank Simpanan Nasional?
To get the BSN Visa Cash Back Credit Card, you need to meet the following criteria:
- Be a Malaysian citizen with a minimum annual income of RM48,000 (RM4,000/month)
- Alternatively, pledge a BSN Sijil Simpanan Premium (SSP) or BSN Term Deposit of at least RM4,000 in place of income proof
- Provide a copy of your NRIC (both sides)
- Submit your latest payslip, EPF statement, EA/BE Form, or business documents depending on your employment type
Apply for credit card in a few simple steps:
- Start your credit card application online through BSN’s website or visit a BSN branch
- Upload or submit the required income and identification documents
- Wait for BSN’s credit assessment and approval decision
- Receive your card and activate it to start earning cashback right away
FAQ
1. How does BSN Visa Cash Back Credit Card interest work?
Interest, known as the finance charge, applies to any balance not paid in full by the due date, starting from 15% p.a. on the outstanding amount. Paying your statement balance in full each month avoids finance charges entirely.
2. How do I increase my BSN Visa Cash Back Credit Card limit?
You can request a credit limit review directly with BSN, typically after a period of consistent, responsible repayment. Approval is at BSN’s discretion and based on your updated income and credit profile.
3. How do I pay off my BSN Visa Cash Back Credit Card?
You can pay via BSN online banking, BSN Autobilling for automatic monthly payments, over-the-counter at a branch, or through other participating bill payment channels. Paying more than the minimum due helps you avoid finance charges.
4. How do I cancel a credit card from Bank Simpanan Nasional?
Contact BSN customer service or visit a branch to request cancellation, making sure your outstanding balance is fully settled first. BSN will confirm the closure once the account is cleared.