In Malaysia, there are a lot of credit cards, but Ambank credit cards stand out in 2023 because they offer perks like loyalty points, cash back, and exclusive travel bonuses. Check out this guide to find the best Ambank credit card for you, whether you want benefits for eating out, shopping online or taking trips around the world.
Table of Contents
Best Ambank Credit Cards Annual Fee Comparison
| HSBC Credit Card | Min. annual income required | Annual fee of principal card | Annual fee of Supplementary card |
| Islamic Visa Platinum CARz Card | RM24,000 | Waived | Waived |
| Cash Rebate Visa Platinum Card | RM24,000 | Waived | Waived |
| Islamic Visa Platinum Card | RM24,000 | Waived | Waived |
| UnionPay Platinum Card | RM60,000 | RM450 | RM250 |
| BonusLink Visa Signature | RM80,000 | RM550 | RM300 |
| Islamic Visa Inifinite | RM120,000 | Waived | Waived |
Top Ambank Credit Cards in 2023
1. Islamic Visa Inifinite
Features & Benefits
- Earn 8X AmBonus Points on global transactions.
- Enjoy 5X free Plaza Premium Lounge entry worldwide every year.
- Enjoy 1 for 1 dining deals in Shangri-La Malaysia
- Enjoy golf privileges.
- Enjoy Club Marriott Malaysia privileges.
- Enjoy up to RM2 million travel insurance protection.
Eligibility
- RM120,000 is the minimum annual income.
- The principal cardholder must be a minimum of 21 years old.
- The supplementary cardholder must be a minimum of 18 years old.
Fees & Charges
- The annual fee is waived for the primary card and the supplementary card.
- There is RM25 for sales and services tax on the activation and anniversary dates of each primary and supplementary card.
- The minimum monthly payment is RM50 or 5% of the outstanding amount, depending on what is greater.
- A cost of RM10 or 1% of the outstanding late payment fee, up to a limit of RM100, is levied.
- The cash withdrawal charge is RM50 or 5% of the outstanding amount, whichever is greater.
- Interest rate charges range from 15 to 18% yearly.
2. Cash Rebate Visa Platinum Card
Features & Benefits
- Enjoy 8% cash back on groceries, pharmacy and online spending.
- Enjoy 10% interest cash back.
- Enjoy up to RM500,000 travel insurance protection.
Eligibility
- RM24,000 is the minimum annual income.
- The principal cardholder must be a minimum of 21 years old.
- The supplementary cardholder must be a minimum of 18 years old.
Fees & Charges
- The annual fee is waived for the primary card and the supplementary card.
- There is RM25 for sales and services tax on the activation and anniversary dates of each primary and supplementary card.
- The minimum monthly payment is RM50 or 5% of the outstanding amount, depending on what is greater.
- A cost of RM10 or 1% of the outstanding late payment fee, up to a limit of RM100, is levied.
- The cash withdrawal charge is RM50 or 5% of the outstanding amount, whichever is greater.
- Interest rate charges range from 15 to 18% yearly.
Cash Back Rates
| E-Wallet Top-Up, Petrol and Groceries Transactions | Cash back capped by monthly (RM) | |
| Spend RM1,500 and above monthly | 8% | RM15 |
| Spend RM500-RM1499.99 monthly | 1% | RM15 |
| Spend below RM500 | 0.10% | Uncapped |
3. Islamic Visa Platinum CARz Card
Features & Benefits
- Enjoy 5% cash back on petrol fueling.
- Earn 1X AmBonus Point for every RM1.
- Earn 2X AmBonus Points on global spending.
- Enjoy up to RM500,000 travel insurance protection.
Eligibility
- RM24,000 is the minimum annual income.
- The principal cardholder must be a minimum of 21 years old.
- The supplementary cardholder must be a minimum of 18 years old.
Fees & Charges
- The annual fee is waived for the primary card and the supplementary card.
- There is RM25 for sales and services tax on the activation and anniversary dates of each primary and supplementary card.
- The minimum monthly payment is RM50 or 5% of the outstanding amount, depending on what is greater.
- A cost of RM10 or 1% of the outstanding late payment fee, up to a limit of RM100, is levied.
- The cash withdrawal charge is RM50 or 5% of the outstanding amount, whichever is greater.
- Interest rate charges range from 15 to 18% yearly.
Cash Back Rates
| Cash Back Percentage | Cash back capped by monthly (RM) | |
| Any petrol brand | 5% | RM80 |
Ambank Credit Card Promotion and Bonuses
AmBank has a variety of promotions and benefits that are constantly updated to benefit their clients. Mooncake is a must-have during the Mid-Autumn Festival, thus AmBank Credit Card collaborates with numerous merchants to provide discounts to AmBank Credit Card users.
Interest in RM118 cashback and iPad Pro? Then you should look for this good news. If you are a new user, you should apply, activate and spend with your new AmBank Visa Credit Card to grab the cashback and iPad Pro.
Love to enjoy food? If you have an Ambank SIGNATURE Priority Banking Visa Infinite Credit Card, you can enjoy up to 60% rebate when you dine.
Features and benefits of Ambank Credit Cards
With its broad products geared to various income levels and demographics, an AmBank credit card distinguishes out in the Malaysian market. These cards provide appealing benefits such as loyalty points, cash rebates, and travel incentives. Dive into the details as we further explore these features in the next sections.
Loyalty Points for Ambank Credit Card
AmBank credit cards, such as the AmBank Signature Priority Banking Visa Infinite and the AmBank Cash Rebate Visa Platinum, are more than just transactional instruments; they also serve as entry points to a wealth of benefits. The loyalty points stand out among these features. Cardholders can earn AmBonus points with every transaction, which can be used for vouchers, lifestyle products, and more. Because of these appealing reward programmes, the Ambank credit card is a popular choice among discerning consumers aiming to maximise their expenditure.
Cash Rebate with Ambank Credit Card
The AmBank Cash Rebate Visa Platinum credit card offers large cash rebates to consumers. Cardholders can earn up to 8% cashback on purchases made online, at grocery stores, and at pharmacies. The refunds are divided into tiers based on monthly spending, with the top tier providing an 8% cash rebate. This Ambank credit card ensures that consumers receive significant returns on their spending, maximising their savings in areas such as groceries and online shopping.
Travel Benefits with AmBank Credit Cards
Travel benefits distinguish AmBank credit cards, particularly the AmBank BonusLink Visa Signature and AmBank Islamic Visa Infinite Card-i. BonusLink Visa Signature cardholders are eligible for up to five airport lounge tickets and RM2 million in travel insurance. The Islamic Visa Infinite Card-i, designed for discriminating travellers, not only allows for the conversion of reward points into air miles but also offers up to RM2 million in travel Takaful coverage, providing peace of mind when travelling with the Ambank credit card.
Flexible Credit Lines with Ambank Credit Card
AmBank credit cards provide flexible credit levels, easy payment plans, and reasonable interest rates. These cards enable customers to manage their funds more effectively. Furthermore, the AmBank QuickCash feature allows you to access emergency funds with flexible repayment terms.
How to Apply for a Ambank Credit Card?
Choosing the right Ambank credit card for your needs is a crucial decision, but once you’ve made that decision, the application procedure is simple. We will walk you through the Ambank credit card application procedure.
Eligibility Criteria: What You Need to Know Before Applying
| Eligibility | |
| Age | The minimum age required is 21 years for primary cardholders and 18 years for secondary cardholders. |
| Residency Status | Everyone |
| Income Requirement for Monthly | Islamic Visa Platinum CARz Card – RM2,000
Cash Rebate Visa Platinum Card – RM2,000 Islamic Visa Platinum Card – RM2,000 UnionPay Platinum Card – RM5,000 BonusLink Visa Signature – RM6,666 Islamic Visa Inifinite – RM10,000 |
Step-by-Step Guide to the Application Process
Prepare the general documents wanted for an Ambank credit card application, such as the ones listed below, to speed up your Ambank credit card application.
| Documents to Apply for Alliance Bank Credit Card | ||
| Salaried Employee | Self-Employed | Foreigner |
| ✅Copy of IC for both slides
✅Latest 3 months’ salary slips OR EPF statements ✅Latest 6 months bank statements ✅Latest BE Form with an official tax receipt |
✅Copy of IC for both slides
✅Bank statements for the previous 6 months of the company ✅Copy of the Business Registration Certificate ✅Latest B form with an official tax receipt |
✅Copy of passport
✅Latest 3 months salary slips ✅Letter of confirmation |
After Your Application: Approval Process and Receiving Your Card
Application Submission
To apply for an Ambank credit card, interested persons must provide the above-mentioned documentation. Minimum monthly income criteria vary depending on the card type, ranging from RM2,000 to RM10,000, with some cards even requiring an invitation.
Application Status Check
After submission, applicants might want to regularly check your Ambank credit card application status. You are allowed status checks through their online portals, customer service lines, or by visiting the bank’s branch.
Approval Notification
Applicants are normally advised of the outcome once the bank processes the application. This could be accomplished through a variety of channels, including SMS, email, or a real letter.
Receiving Your Card
Upon approval, the credit card is normally couriered to the applicant’s registered address. It could take anything from a few days to a few weeks, depending on the bank’s processing time and the courier service.
Card Activation
New cardholders must activate their cards immediately after receiving them. Activation can occasionally be done by calling a designated Ambank credit card contact number or going online to the bank’s website.
Customer Service Assistance
If there are any issues during the approval process or with receiving the card, reaching out to Ambank customer service would be the best course of action. They can provide support and address any concerns related to the credit card application process.
Conclusion: Choosing the Right Credit Card for Your Needs
AmBank, one of Malaysia’s major banking companies, provides a wide range of credit cards that cater to different demographics and income levels. An AmBank credit card is designed to satisfy a wide range of financial lifestyles, with options such as loyalty points, cashback, and travel benefits. Given the abundance of options, knowing individual demands and properly evaluating characteristics is critical in selecting the most advantageous card.
If you’re interested on finding other best credit cards, you can visit our Best Credit Card in Malaysia 2023 page.
Disclaimer
This content is given for general informational purposes only and should not be construed as financial or legal advice. While we make every effort to deliver accurate and up-to-date information, we make no guarantees or representations on the completeness, accuracy, or reliability of any material supplied. AmBank credit card terms and conditions, including any incentives, are subject to change at the bank’s discretion. As a result, for the most current and personalised financial advice, it is best to speak directly with AmBank or a trained financial counsellor. Any information supplied here is used entirely at your own risk.
