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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)
Gold 160 80 160 80
Platinum 240 120 - -
Premier - - Waived Waived
Advance Waived Waived - -
Signature 600 300 - -
Note:
The following annual fees are applicable to cardholders who were upgraded by the Bank under the Credit Card's Upgrade Initiative on 1st August 2011
Card Type Visa MasterCard
Gold (upgraded from Classic) 80 40 - -
Platinum (upgraded from Gold) 160 80 - -
b. Finance Charges A Tiered Interest Rate Structure will be applied from the 13th month hereafter to prompt minimum repayments made for the following time brackets (in months) within the last 12 consecutive months.
  i) Purchases Minimum repayments made by the due date within the last 12 consecutive months for the following time brackets For 12 months For 10 or 11 months For less than 10 months
Tiered Interest Rate (p.a.) 15% 17% 18%
Application of Lower Interest Rate 13th month hereafter 13th month hereafter Not applicable
  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% of the amount advanced or a minimum of RM15, whichever is higher. This is incurred for each cash advance transaction
d. Minimum Monthly Repayment 5% of the outstanding balanvce 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 overseas transacitons outside Malaysia 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 an administration cost of 1%
i. Replacement Card Fee RM50 per card
j. Sales draft retrieval request fee RM20 per copy
k. Refund of credit card excess balance via a. MEPS Interbank GIRO RM2 per transaction
b. Cashiers Order RM2 per transaction
l. Other Services Credit Card Statement Retrieval
i. If statement is 12 months old or less RM2 per page
ii.If statement is more than 12 months old RM20 per request + RM2 per page