Hong Leong Bank Malaysia

Visa Platinum Easily turn your monthly retail spend into greater rewards. We recommend you to instead focus on improving your credit score before trying to get a credit card. The documents needed for an application are different depending on which credit card you want. Rewards – Collect reward points to redeem free gifts, vouchers and air miles.

For example, a Gold card by Bank A is offered to those with a monthly salary of RM3,000 and above, whereas Bank B opens to anyone earning a minimum of RM2,000 per month. However, the remaining amount of your outstanding balance will still incur finance charge. The minimum monthly payment is usually at 5% of the total outstanding balance, which must be settled before the statement due date. This is a grace period whereby you can enjoy zero interest on your outstanding balance.

Enjoy up to 5% cashback every Friday and Saturday, and 10,000 Maybank TreatsPoints on your FIRST TIME spend with your new Maybank MasterCard Ikhwan Gold Card. You can use your rewards points to redeem anything fromair miles to shopping vouchers as well as electronic gadgets and household items. If you miss your payment, a late payment fee will be charged on the outstanding balance. Credit card interest rate, also known as Finance Charge, is usually charged on the outstanding balance amount when it is past due. Some of them don’t have an annual fee, whereas there are also cards with an annual fee waiver condition. Further Together Championship Be a champion by earning points on each referral to redeem exclusive LFC merchandise, cash rewards, and a chance to win a trip to Anfield.

Plus, you will also have a lower credit score that consequently reduces your chances of getting approved on your personal, car or home loan applications in the future. It is important to take note of the statement due date so that you will not be charged with unnecessary fees and charges on the outstanding balance. Cash advance is a facility that allows you to withdraw money from your credit card through ATM much like a debit card.

A cash advance is subject to a cash withdrawal fee and interest rate of 18% p.a., which is calculated daily until you pay up the withdrawn amount in full. You must contact your respective bank immediately and request to block your card. If you do not report it as soon as possible, you may be liable for the charges made to your card. Besides that, you should also report to the police to protect yourself from any unauthorised usage. If you fail to repay on time, you will be charged an interest on your unpaid amount. Use our Credit Card Smart Search to find a list of cards that fits your needs!

We have different types of Cards so that you can choose the one that best suits your individual needs and the way you spend. You don’t need to carry cash, and can use it to pay online, over the phone or in person. There are other advantages to having a Card – most offer benefits such as rewards, travel protection, purchase protection and a fraud protection guarantee. Depending on the income band, it can have a combination of features such as cashback and rewards, or air miles and cashback. In your statement cycle, you are allowed to make a partial repayment of your credit card bill to avoid being charged with a late finance fee on the outstanding balance. However, supplementary cards generally have lower annual fees, and sometimes come free together with a primary card.

Therefore, the key to looking for the best reward credit card is getting one that offers both great redemption items and allows you to collect points quickly and easily. Rewards credit cards are credit cards that award you with points when you use them. Petrol – Earn reward points, cashback or air miles with every fuel spend. Banks will require proof of income to qualify you as a credit card holder.

The banks then further categorised these cards to meet various consumers’ needs and spending habits to having features such as cashback, reward points and air miles. It’s as simple as filling up an application form and submitting the relevant personal documents. You will receive a phone call from us within 1 working day in order to check your eligibility, after which we will submit your application to the banks. You will then deal with the banks directly until your application is approved and your credit card is received. A chargeback is the refund of a payment or purchase made to your credit card with the assistance of your card issuer. The process may take 1 to 6 months as the bank will have to investigate the dispute.

The interest rate varies with every bank so make sure to choose your card wisely. Unlimited Cash MegaBonus of 0.1% on both local and overseas retail purchases and your first-year annual fee waived. Putting cash back into your wallet with just one card for both local and overseas spending. Taking shopping overseas to a 5x new level of TreatsPoints for every RM1 spent PLUS up to 5% cashback on all petrol and grocery spend.

As different banks have different terms and conditions, make sure you read the fine print to get more information. These payments will be reflected in your credit card statement, which you are required to pay off at the end of each month. In Malaysia, credit card holders with income of RM36,000 or less in a year are restricted to a maximum credit limit of twice of his or her monthly income. That’s why the best credit card for rewards is one that offers a higher points collection rate or points multipliers.