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Credit Cards

Fees and Charges (Last updated on 1st July 2008)

Fees and ChargesKnow more about your credit card fees and charges

This section contains details of all interest calculation methods and specific charges. It will help you better understand credit card products and services.

 

Notice on Paying Only Minimum Monthly Repayment (not applicable for Amanah cards):

The amount of interest you have to pay and the time it takes to repay your balance in full will increase if only the minimum monthly payment is made. The following table illustrates the amount of interest incurred and the repayment period, under different outstanding amount scenarios if you continue to pay only the minimum amount. The computations are based on 5% minimum payment or RM50, whichever is higher, at a finance charge under different tiered interest rates. You may pay more if you wish (any amount above your minimum payment requirement) as long as payment is made within the specified payment due date.

 

Interest Calculation Table

Interest Calculation Table
a. Annual Fee Card Type Visa MasterCard
Primary (RM) Supplementary (RM) Primary (RM) Supplementary (RM)
Platinum 254.40 127.20 - -
Premier - - Waived Waived
Advance Waived Waived - -
Signature 636 318 - -
Note:
The following annual fees are applicable to cardholders who were upgraded by the Bank under the Credit Card’s Upgrade Initiative on 1st January 2016
Card Type Visa MasterCard
Platinum (upgraded from Gold) 169.60 84.80 - -
Platinum (upgraded from Gold; originally Classic) 84.8 42.4 - -
Platinum (upgraded from Gold) - - 169.6 84.8
Platinum (upgraded from Gold; originally Classic) - - 84.8 42.4
b. Finance Charges "Finance Charge" means the finance charge imposed by the Bank, where the Current Balance for the preceding month’s Card Statement is not settled in full:
  i) Purchases In respect of Retail Transactions, the Finance Charge is calculated on a daily rest basis on the outstanding Retail Transactions that remain unpaid after the Due Date calculated from the Posting Date until payments are credited to the Card Account and thereafter on the reduced balance and at the following applicable rates:
  1. Tier-I: 15% per annum for Cardholders who promptly settle the Minimum Payment Due as specified in the Card Statement for 12 consecutive months;
  2. Tier-II: 17% per annum for Cardholders who promptly settle the Minimum Payment Due as specified in the Card Statement for 10 months or more in a 12-month cycle; and
  3. Tier-III: 18% per annum for Cardholders who do not fall within Tier-I and Tier-II;
  ii) Cash Advance 18% p.a. of the cash advance amount calculated on a daily basis
  iii)Balance Transfer Up to 18% p.a. of the amount transferred, calculated on a daily basis for a fixed duration
c. Cash Advance Fees The cash advance fee is 5.3% of the amount advanced or a minimum of RM15.90, whichever is higher. This is incurred for each cash advance transaction
d. Minimum Monthly Repayment 5% of the outstanding balance or a minimum of RM50, whichever is higher
e. Late Payment Fees Minimum of RM10 or 1% of the outstanding balance, whichever is higher, capped to a maximum of RM100
f. Overlimit Fees Not applicable
g. Interest Free Period 20-day interest-free period is only enjoyed on all retail transactions, provided all outstanding balances as per the monthly statement of the previous month are fully settled
h. Conversion for overseas transactions If the Cardholder uses the Credit Card for transactions in a currency other than Ringgit Malaysia, such amount shall be converted at the exchange rate as determined by Visa International or MasterCard International, as the case may be, on the date of conversion in addition to a foreign currency conversion cost of 1.25% as well as any transaction fee charged by Visa International or MasterCard International.
i. Replacement Card Fee RM50 per card
j. Sales draft retrieval request fee RM21.20 per copy
k. Refund of credit card excess balance via a. MEPS Interbank GIRO RM2.12 per transaction
b. Cashiers Order RM2.12 per transaction
l. Other Services Credit Card Statement Retrieval
i. If statement is 12 months old or less RM2.12 per page
ii.If statement is more than 12 months old RM21.20 per request + RM2.12 per page

Fees and charges include Goods and Services Tax (GST) , where applicable.