Cashback Malaysia – ah, perfect for those obsessed with finding ways to get back your money from spending. Earning cashback while you shop online is one the easiest way to earn money online in Malaysia.
With the advent of internet shopping, you can buy anything (almost) nowadays. What easier way than to get paid while you are already buying something you need anyway right?
If you’re like me (bit of a cheapskate and willing to change my spending behaviour just to get freebies), then read on to find out more about cashback Malaysia, how it all works and how to maximise your earning from cashback.
Cashback Malaysia – How does It Work?
Cashback from shopping online
In this article, I focus more on cashback for online shopping as opposed to cashback credit cards.
Cashback sites in Malaysia are typically affiliate partners for major shopping websites like Lazada and Shopee. They also partner up with a lot of renown brands to help promote their services and products.
In return, these brand owners give the cashback sites commission for every transaction made by those who signed up under the cashback site. These sites then give a cut of whatever affiliate commission they make back to their users. It’s a win-win for everyone!
In order for the cashback sites to track how much they should give back to you, ALWAYS pay using their referral link and make their site a starting point for your shopping trips. Otherwise, your purchases might not be tracked properly and you might lose out on free money.
Cashback from credit card
Nowadays there are multiple banks that offer credit cards that focus exclusively on cashback as their main feature.
Using credit card to pay or everything can net you more than RM1000 yearly in cashback, provided you know how to use them AND fully pay back the amount spent before the due date to avoid interest. Don’t spend what you don’t have!
Check out my guide here for the best cashback credit card Malaysia.
Cashback From Online Shopping
There are 2 main cashback sites in Malaysia – Shopback and MilkADeal.
Shopback is really famous and I think everyone knows about it. They hail from Singapore and have made really impressive progress, gaining venture capital funding and growing aggressively. They have extensive partnership programs and their ads are everywhere.
For that reason, I use MilkADeal. No reason why I chose it over Shopback. Then again, MilkADeal was founded in Malaysia and I happened to register on it before Shopback made its way here. That, and also I have a tendency to support things made in Malaysia. Malaysia Boleh!
What about you? How much have you earned so far with cashback? Tell me your experience in the comments below!