Public Bank Quantum MasterCard
Overseas savings with the Public Bank Quantum Mastercard Credit Card
Eligibility
Minimum Monthly Income
RM 3,000 (RM 36,000 annually)
Min. Age
Cardholder: 21 years old
Supplementary Cardholder: 18 years old
Resident Status
Anybody
Documents required to apply:
You will need to provide several documents such as (varies between different banks):
Salaried Employees (Malaysian)
- A copy of your IC (both sides)
- Latest month's salary slip
- Latest EA statement
- Latest EPF statement
- Letter of Employment or employer confirmation
Self-Employed (Malaysian)
- A copy of your IC (both sides)
- Latest 1 year Tax Returns/Receipts
- Latest 6 months company CASA statement (for company directors)
Fees & Charges
Interest Rate
15% - 18%
Annual Fee
RM 0
Free*
Annual Fee Waiver
Yes
Free for life without condition
Late Payment Fee
RM 50 or 5% of the outstanding amount, whichever is higher
Interest Rate
15%
Features
Good for No Annual Payments, Cashback & Rewards/Offers
2% cashback for overseas transactions with a minimum of RM100 per transaction, capped at RM20 monthly
1X VIP Point for every RM1 spent on local retail transactions
1% Flexi Payment Plan for 12 months (with minimum spend of RM1,200)
Up to USD 200 for E-Commerce Purchase Protection (per claim, annually) 50% discount on Will and Wasiat Writing Service fees Complimentary Public Bank Quantum Visa Credit Card!
Terms and Conditions
Product review by CompareHero
What Is the Public Bank Quantum Mastercard Credit Card?
The Public Bank Quantum Mastercard Credit Card is a cashback credit card designed for cardholders who frequently spend overseas and want to earn cashback on eligible international purchases. With a minimum annual income requirement of RM36,000, the card offers 2% Cash Back on eligible overseas transactions, VIP Points on eligible local retail spending, e-Commerce Purchase Protection, and a Free for Life annual fee for both principal and supplementary cardholders.
Benefits of the Public Bank Quantum Mastercard Credit Card
- Free for Life annual fee for both principal and supplementary cardholders.
- Earn2% Cash Back on eligible overseas transactions.
- Earn 1 VIP Point for every RM1 spent on other eligible local retail purchases.
- Enjoy an exclusive PB Flexipay Plan offer of 1% for 12 months on eligible purchases.
- Protect eligible online purchases with e-Commerce Purchase Protection.
- Manage your card through PBe online banking.
- Enjoy 35% off Will and Wasiat Writing Service fees through PB Trustee Services Berhad.
Cash Back and VIP Points
The Public Bank Quantum Mastercard Credit Card rewards eligible overseas spending with Cash Back while allowing you to earn VIP Points on other eligible local retail purchases.
Cash Back
Earn 2% Cash Back on eligible overseas transactions with a minimum spend of RM100 per transaction. Cash Back is capped at RM20 per monthly statement cycle, with the monthly cap shared between the principal and supplementary cards.
VIP Points
Earn 1 VIP Point for every RM1 spent on other eligible local retail purchases. VIP Points are valid for three years and can be redeemed through the Public Bank Preferred Redemption Rewards Catalogue.
Selected transactions are excluded from earning Cash Back and VIP Points under Public Bank's prevailing terms and conditions.
Additional Benefits
The Public Bank Quantum Mastercard Credit Card includes e-Commerce Purchase Protection, providing coverage of up to USD200 per claim per annum for eligible online purchases against:
- Non-delivery after 30 days of the scheduled delivery date.
- Wrong or incomplete delivery.
- Physical damage to the delivered item.
The card also comes with an exclusive PB Flexipay Plan offer of 1% for 12 months on eligible retail purchases of RM1,200 or more, allowing you to convert qualifying purchases into instalment payments.
You can also manage your Public Bank Quantum Mastercard Credit Card through PBe online banking, giving you access to your account and banking services wherever you are.
Cardholders also enjoy 35% off Will and Wasiat Writing Service fees through PB Trustee Services Berhad.
Fees and Charges
The Public Bank Quantum Mastercard Credit Card is Free for Life, with no annual fee payable for both principal and supplementary cardholders.
- Annual fee (principal): Free for Life.
- Annual fee (supplementary): Free for Life.
- Government Service Tax: RM25 per card upon activation and every anniversary thereafter.
- Cash advance fee: 5% of the amount withdrawn or RM20, whichever is higher.
- Cash advance interest: 18% p.a., calculated from the transaction date until full repayment.
- Late payment charge: 1% of the outstanding balance, subject to a minimum of RM10 and a maximum of RM100.
- Minimum monthly payment: RM50 or 5% of the outstanding balance, whichever is higher.
Retail purchases are subject to Bank Negara Malaysia's tiered finance charges of 15% p.a., 17% p.a. or 18% p.a., depending on your repayment history.
Eligibility Requirements
To apply for the Public Bank Quantum Mastercard Credit Card, you must:
- Be 21 years old and above for a principal cardholder.
- Be 18 years old and above for a supplementary cardholder.
- Earn a minimum annual income of RM36,000.
Required Documents
Prepare the following documents when applying for the Public Bank Quantum Mastercard Credit Card.
Identification documents
- MyKad, MyTentera, MyPR, MyKas or Police ID (front and back), where applicable.
- Passport (for passport holders).
Income documents(submit one, where applicable)
- Latest one month's salary slip.
- Latest EA Statement.
- Latest EPF Statement.
- Employment Letter or Employer Confirmation.
- Latest one year's Income Tax Return and Tax Receipt.
- Latest six months' Company CASA Statement (for company directors).
Additional documents
- Valid Work Permit (for passport holders).
Public Bank may request additional supporting documents depending on your application.
How to Apply
Compare the Public Bank Quantum Mastercard Credit Card with other credit cards on CompareHero and apply online in just a few steps. Eligible applicants may also enjoy exclusive sign-up offers, subject to the campaign's terms and conditions.