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Essential Credit Card Features
Kuala Lumpur, 4 January 2016
Please refer below for details of the revisions.
| Card Product |
New Cash Back Features |
Unchanged Features |
Effective Date |
|---|---|---|---|
| Essential (VISA) | 0.6% unlimited cash back on insurance transactions Other retail transactions:
|
2% cash advance fee (subject to 6% GST) 10.8% cash advance interest Annual fee waiver with 12 swipes per annum Cash Back is not applicable to transactions made at petrol stations |
1st February 2016 |
Frequently Asked Questions
Q: If my statement date is every 15th of the month, how will the cash back be calculated?
A: Example your statement date is on 15th February 2016, the cash rebate will be calculated by posted transaction from 15th January 2016 – 31st January 2016 using the old feature and 1st February 2016 – 14th February 2016 using the new feature.
Q: Is the min retail spend of RM100 still applicable?
A: There will be no min retail spend under this new feature.
Q: Is the cash back rounding to nearest ringgit still applicable?
A: The cash back will be truncated to 2 decimals, i.e.RM1.567 will be RM1.56.
