The new HLB WISE Card with up to 8% cash back
Kuala Lumpur, 10 June 2019
HLB WISE Credit Card’s New Features effective 1 July 2019
Effective 1 July 2019, the Annual Fees of WISE Platinum and WISE Gold Credit Cards will be reduced to RM98.
Summary
Questions & Answers
Spend Categories
Q: What are the Merchant Category Codes (MCC) which are eligible for up to 8% cash back for Petrol, Groceries and Dining?
A: The MCC are listed in the table below:
Spend Category |
Merchant Category Code (MCC) |
|---|---|
Petrol |
MCC: 5542 – Automated fuel dispensers at all petrol stations |
Groceries |
MCC: 5411 – All grocery stores |
Dining |
MCC: 5811/5812/5814 – All dining outlets |
Q: Currently, my selected spend categories are Mobile, Petrol and Departmental Stores. Can I request to keep these categories that I want?
A: You will not be able to request for other categories to enjoy up to 8% cash back. This is because we have pre-selected the top 3 spend categories amongst WISE cardholders. Petrol, Groceries and Dining will be the pre-selected categories to enjoy up to 8% effective 1 July 2019. However, all other categories besides Petrol, Groceries, Dining, Government and JomPay will still enjoy 0.25% unlimited cash back.
Q: Can I request to switch spend category if I am willing to pay for the maintenance fee of RM10?
A: Switching of spend categories will not be available effective 1 July 2019.
Cash Back
Q: Can you define Weekends and Weekdays?
A: Weekends refer to Saturdays and Sundays whilst Weekdays refer to Monday, Tuesday, Wednesdays, Thursdays and Fridays.
Q: How do I qualify for up to 8% cash back on the 3 spend categories?
A: You must meet minimum spend of RM500 (posted transactions) for the month to qualify.
Q: If I performed a Petrol transaction on a Sunday and the transaction posted on the following day which is a Monday, does it mean I only enjoy 1% cash back on Petrol?
A: You will enjoy 8% cash back because you performed the transaction on a Weekend. Please always bear in mind that, to qualify for up to 8% cash back on Petrol, Groceries and Dining, your total posted transaction must meet minimum spend of RM500 for the month.
Q: How are cash backs on Weekdays and Weekends calculated?
A: If you meet the minimum spend of RM500 (posted transaction) for the month, here are the illustrations:
| Illustration 1 | Transactions Performed on Weekdays | Transactions Performed on Weekends | Weekdays & Weekends | Capped at RM18/mth | ||
|---|---|---|---|---|---|---|
| Spend Categories | Spend (RM) |
1% Cash Back (RM) |
Spend (RM) |
8% Cash Back (RM) |
Total Cash Back (RM) |
Remarks |
| Petrol | 70.00 | 0.70 | 100.00 | 8.00 | 8.70 | Within RM18 cap |
| Groceries | - | - | 150.00 | 12.00 | 12.00 | Within RM18 cap |
| Dining | 50.00 | 0.50 | 100.00 | 8.00 | 8.50 | Within RM18 cap |
| Others @ 0.25% regardless Weekdays or Weekends |
20.00 | 0.05 | 30.00 | 0.08 | 0.13 | Unlimited |
| Total | 140.00 | 1.25 | 380.00 | 28.08 | 29.33 | |
Total posted transaction for the month = RM140 + RM380 = RM520
| Illustration 2 | Transactions Performed on Weekdays | Transactions Performed on Weekends | Weekdays & Weekends | Capped at RM18/mth | ||
|---|---|---|---|---|---|---|
| Spend Categories | Spend (RM) |
1% Cash Back (RM) |
Spend (RM) |
8% Cash Back (RM) |
Total Cash Back (RM) |
Remarks |
| Petrol | 100.00 | 1.00 | 300.00 | 24.00 | 18.00 | Capped at max RM18 |
| Groceries | 50.00 | 0.50 | 50.00 | 4.00 | 4.50 | Within RM18 cap |
| Dining | 50.00 | 0.50 | 100.00 | 8.00 | 8.50 | Within RM18 cap |
| Others @ 0.25% regardless Weekdays or Weekends |
20.00 | 0.05 | 30.00 | 0.08 | 0.13 | Unlimited |
| Total | 220.00 | 2.05 | 480.00 | 36.08 | 31.13 | |
Total posted transaction for the month = RM220 + RM480 = RM700
| Illustration 3 | Transactions Performed on Weekdays | Transactions Performed on Weekends | Weekdays & Weekends | Capped at RM18/mth | ||
|---|---|---|---|---|---|---|
| Spend Categories | Spend (RM) |
1% Cash Back (RM) |
Spend (RM) |
8% Cash Back (RM) |
Total Cash Back (RM) |
Remarks |
| Petrol | - | - | 225.00 | 18.00 | 18.00 | Within RM18 cap |
| Groceries | - | - | 225.00 | 18.00 | 18.00 | Within RM18 cap |
| Dining | - | - | 225.00 | 18.00 | 18.00 | Within RM18 cap |
| Others @ 0.25% regardless Weekdays or Weekends |
10.00 | 0.03 | 10.00 | 0.03 | 0.05 | Unlimited |
| Total | 10.00 | 0.03 | 685.00 | 54.03 | 54.05 | |
Total posted transaction for the month = RM10 + RM685 = RM695
Illustration 4 – Use Aug 2019 month as an example
· JomPay = RM400 on 8 August 2019 (Thursday) and such transaction is posted on 9 August 2019 (Friday)
· Groceries = RM100 on 12 August 2019 (Monday) and such transaction is posted on 13 August 2019 (Tuesday)
· Dining = RM100 on 17 August 2019 (Saturday) and such transaction is posted on 18 August 2019 (Sunday)
· Cash-On-Call transactions = RM500 on 22 August 2019 (Saturday) and such transaction is posted on 24 August 2019 (Monday)
· Petrol = RM100 on 31 Aug 2019 (Sunday) and such transaction is posted on 1 Sep 2019 (Monday)
· Others = RM20 on 24 August 2019 (Monday) and such transaction is posted on 25 August 2019 (Tuesday)
Q: Does the Cardholder meet the minimum spend of RM500?
A: Yes, total posted transactions amount for August 2019 that will form part of the minimum spend of RM500 is RM620 (which consist of RM400 from JomPay, RM100 from Groceries, RM100 from Dining and RM20 from Others) because the transaction of RM500 from JomPay will form part of the minimum spend of RM500.
The amount of RM500 from Cash-On-Call transactions will not form part of the minimum spend of RM500 as it is not an Eligible Retail Transaction.
The amount of RM100 from the Petrol transaction will not form part of the minimum spend of RM500 for August 2019 statement as it is only posted in September 2019.
Q: How much Cashback does the Cardholder earn for JomPay transaction performed on 8 August 2019?
A: RM0 as transaction(s) for JomPay are not eligible for the Cashback.
Q: How much Cashback does the Cardholder earn for transaction for Petrol on 31 August 2019?
A: RM0 as the Petrol transaction is posted on the following month; ie: Sep 2019, notwithstanding that the Cardholder has meet the RM500 minimum spend requirement.
[The Petrol cash back of 8% will be awarded for the month of Sep 2019 if total minimum spend of RM500 (posted transaction) is met in Sep 2019.]
Q: What is the total amount of Cashback the Cardholder earns for the month of August 2019?
A: RM9.05, i.e RM8 (8% from RM100 of Dining), RM1 (1% from RM100 of Groceries) and RM0.05 (0.25% from RM20 of Others)
Q: How are cash backs on Weekdays and Weekends calculated if I do not meet the minimum spend of RM500 (posted transaction) per month?
A: You will enjoy 0.25% cash back on all your spend for the month in all categories excluding Government and JomPay.
Q: I did not get any cash back for the month of Jun19 because one of the transactions I performed in Jun19 was posted on 1 July 2019. Can I request to add that particular transaction in Jun19 spend so that I could enjoy cash back?
A: Sorry, this is not allowed because WISE cash back is awarded based on posted transaction.
Annual Fee
Q: I have already paid for my Annual Fee for my WISE Credit Card Annual Fee but with the new features, I will only be getting up to 8% cash back as opposed to the 10% which is I am currently getting now. Why would I continue to use the WISE Card?
A: Besides the reduction in minimum spend condition from RM2,000 to RM500, effective 1 July 2019, the WISE Credit Card (Platinum or Gold) Annual Fee will be reduced to RM98. We will give you a refund on your paid Annual Fee automatically by 15 July 2019. Here’s the calculation:-
Refund Amount
= [(Annual Fee Paid/12mth) x Number of months from Jul19 to one month before Card Anniversary]
– [New Annual Fee/12mth x Number of months from Jul19 to one month before Card Anniversary]
WISE Platinum
| Annual Fee Paid in Month | Features BEFORE 1 July 2019 | Features AFTER 1 July 2019 | Refund the Difference between Old Annual Fee and New Annual Fee (G = C - F) |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|
| WISE Platinum | Average Annual Fee per Month (A) |
Number of Months Not on Old Features (B) |
Prorated Annual Fee to be Refunded (C = A x B) |
WISE Platinum | Average Annual Fee per Month (D) |
Number of Months on New Features '(E) |
Prorated Annual Fee to be Charged (F = D x E) |
|||
| Aug-18 | 300.00 | 25.00 | 1 | 25.00 | 98.00 | 8.17 | 1 | 8.17 | 16.83 | |
| Sep-18 | 300.00 | 25.00 | 2 | 50.00 | 98.00 | 8.17 | 2 | 16.33 | 33.67 | |
| Oct-18 | 300.00 | 25.00 | 3 | 75.00 | 98.00 | 8.17 | 3 | 24.50 | 50.50 | |
| Nov-18 | 300.00 | 25.00 | 4 | 100.00 | 98.00 | 8.17 | 4 | 32.67 | 67.33 | |
| Dec-18 | 300.00 | 25.00 | 5 | 125.00 | 98.00 | 8.17 | 5 | 40.83 | 84.17 | |
| Jan-19 | 300.00 | 25.00 | 6 | 150.00 | 98.00 | 8.17 | 6 | 49.00 | 101.00 | |
| Feb-19 | 300.00 | 25.00 | 7 | 175.00 | 98.00 | 8.17 | 7 | 57.17 | 117.83 | |
| Mar-19 | 300.00 | 25.00 | 8 | 200.00 | 98.00 | 8.17 | 8 | 65.33 | 134.67 | |
| Apr-19 | 300.00 | 25.00 | 9 | 225.00 | 98.00 | 8.17 | 9 | 73.50 | 151.50 | |
| May-19 | 300.00 | 25.00 | 10 | 250.00 | 98.00 | 8.17 | 10 | 81.67 | 168.33 | |
| Jun-19 | 300.00 | 25.00 | 11 | 275.00 | 98.00 | 8.17 | 11 | 89.83 | 185.17 | |
WISE Gold Approved After 1 Oct 2016
| Annual Fee Paid in Month | Features BEFORE 1 July 2019 | Features AFTER 1 July 2019 | Refund the Difference between Old Annual Fee and New Annual Fee (G = C - F) |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|
| WISE Gold Approved after 1 Oct 2016 |
Average Annual Fee per Month (A) |
Number of Months Not on Old Features (B) |
Prorated Annual Fee to be Refunded (C = A x B) |
WISE Gold |
Average Annual Fee per Month (D) |
Number of Months on New Features '(E) |
Prorated Annual Fee to be Charged (F = D x E) |
|||
| Aug-18 | 250.00 | 20.83 | 1 | 20.83 | 98.00 | 8.17 | 1 | 8.17 | 12.67 | |
| Sep-18 | 250.00 | 20.83 | 2 | 41.67 | 98.00 | 8.17 | 2 | 16.33 | 25.33 | |
| Oct-18 | 250.00 | 20.83 | 3 | 62.50 | 98.00 | 8.17 | 3 | 24.50 | 38.00 | |
| Nov-18 | 250.00 | 20.83 | 4 | 83.33 | 98.00 | 8.17 | 4 | 32.67 | 50.67 | |
| Dec-18 | 250.00 | 20.83 | 5 | 104.17 | 98.00 | 8.17 | 5 | 40.83 | 63.33 | |
| Jan-19 | 250.00 | 20.83 | 6 | 125.00 | 98.00 | 8.17 | 6 | 49.00 | 76.00 | |
| Feb-19 | 250.00 | 20.83 | 7 | 145.83 | 98.00 | 8.17 | 7 | 57.17 | 88.67 | |
| Mar-19 | 250.00 | 20.83 | 8 | 166.67 | 98.00 | 8.17 | 8 | 65.33 | 101.33 | |
| Apr-19 | 250.00 | 20.83 | 9 | 187.50 | 98.00 | 8.17 | 9 | 73.50 | 114.00 | |
| May-19 | 250.00 | 20.83 | 10 | 208.33 | 98.00 | 8.17 | 10 | 81.67 | 126.67 | |
| Jun-19 | 250.00 | 20.83 | 11 | 229.17 | 98.00 | 8.17 | 11 | 89.83 | 139.33 | |
WISE Gold Approved Before 1 Oct 2016
| Annual Fee Paid in Month | Features BEFORE 1 July 2019 | Features AFTER 1 July 2019 | Refund the Difference between Old Annual Fee and New Annual Fee (G = C - F) |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|
| WISE Gold Approved before 1 Oct 2016 |
Average Annual Fee per Month (A) |
Number of Months Not on Old Features (B) |
Prorated Annual Fee to be Refunded (C = A x B) |
WISE Gold |
Average Annual Fee per Month (D) |
Number of Months on New Features '(E) |
Prorated Annual Fee to be Charged (F = D x E) |
|||
| Aug-18 | 160.00 | 13.33 | 1 | 13.33 | 98.00 | 8.17 | 1 | 8.17 | 5.17 | |
| Sep-18 | 160.00 | 13.33 | 2 | 26.67 | 98.00 | 8.17 | 2 | 16.33 | 10.33 | |
| Oct-18 | 160.00 | 13.33 | 3 | 40.00 | 98.00 | 8.17 | 3 | 24.50 | 15.50 | |
| Nov-18 | 160.00 | 13.33 | 4 | 53.33 | 98.00 | 8.17 | 4 | 32.67 | 20.67 | |
| Dec-18 | 160.00 | 13.33 | 5 | 66.67 | 98.00 | 8.17 | 5 | 40.83 | 25.83 | |
| Jan-19 | 160.00 | 13.33 | 6 | 80.00 | 98.00 | 8.17 | 6 | 49.00 | 31.00 | |
| Feb-19 | 160.00 | 13.33 | 7 | 93.33 | 98.00 | 8.17 | 7 | 57.17 | 36.17 | |
| Mar-19 | 160.00 | 13.33 | 8 | 106.67 | 98.00 | 8.17 | 8 | 65.33 | 41.33 | |
| Apr-19 | 160.00 | 13.33 | 9 | 120.00 | 98.00 | 8.17 | 9 | 73.50 | 46.50 | |
| May-19 | 160.00 | 13.33 | 10 | 133.33 | 98.00 | 8.17 | 10 | 81.67 | 51.67 | |
| Jun-19 | 160.00 | 13.33 | 11 | 146.67 | 98.00 | 8.17 | 11 | 89.83 | 56.83 | |
For a copy of new WISE Credit Card terms and conditions effective 1 July 2019, please click here.
If you wish to contact our Customer Relationship Officers, kindly drop us an e-mail at hlonline@hlbb.hongleong.com.my (please do not provide any private and confidential information).
Media Contact
Group Corporate Affairs & Public Relations
Hong Leong Bank Berhad
DID: 03-2081 8888 ext 61916
Email: capr@hongleong.com.my
