Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Credit Card BYTES FROM OUR KITCHEN

    Ambank Islamic Credit Card

    AmBank is one of the leading financial institutions in Malaysia having a history of operations that exceeds 45 years. With a rich history and expertise, the bank offers comprehensive banking products and solutions that cater to commercial banking, consumer banking, and wealth management services. The consumer banking wing offers both conventional and Islamic banking products Among the Islamic credit products in its staple, AmBank’s line-up of credit cards are a popular choice due to the many benefits and perks they provide. The cards offer travel perks such as free lounge access passes, free travel insurance and reward cardholders for every expense charged to the card.

    Why Choose AmBank Islamic Credit Cards

    The AmBank Islamic credit cards come with a fee waiver on all principal credit cards and the first three supplementary credit cards making it affordable. Cardholders are rewarded on expenses charged to the card such as reward points or cash rebates. The reward points can be used for on-the-spot redemptions or can be accumulated and redeemed for gifts or air miles. The cards offer free travel insurance when used to solely purchase airfare and provide a host of other benefits such as a flexi payment plan that converts larger retail purchases into smaller affordable instalments and a balance transfer plan that allows cardholders to manage outstanding dues accrued on other bank credit cards.

    Features and benefits of AmBank Islamic Credit Cards

    The following are the various features and benefits of AmBank Islamic credit cards:

    • The cards come with a 20 days interest-free period.
    • The cards are free of annual fees. The annual fee for principal card and first few supplementary cards are waived for life.
    • The cards offer lower profit rates for cardholders who make prompt minimum monthly payments.
    • The cards earn reward points on expenses charged to it. These points can be redeemed for a wide variety of gifts. The points can also be redeemed for miles or used for on-the-spot redemptions.
    • The cards offer a free travel insurance policy with covers ranging from RM1 million to RM2 million depending on the card.
    • The cards also offer airport privileges and provide cardholders with complimentary access passes to Plaza Premium airport lounges at select airports.
    • The cards are equipped with a balance transfer plan and a flexi payment plan to help manage finances effectively.

    Types of Credit Cards offered by AmBank Islamic

    The following are the various types of credit cards offered by AmBank Islamic:

    1. AmBank Islamic World MasterCard-i: The card is an exclusive card which offers cardholders a range of travel related perks. The card provides a green fees discount of up to 50% at some of the leading golf clubs across Asia. Cardholders can earn reward points on expenses charged to the card. The points can be redeemed for air miles from leading frequent flyer programmes such as Enrich Miles, Asia Miles, and KrisFlyer Miles. Cardholders can also enjoy complimentary access passes to Plaza Premium Lounges at select airports and get a travel insurance with a cover of RM2 million when airfare is purchased solely using the card.
    2. AmBank Islamic Visa Infinite Card?i: The card earns reward points on every expense charged to it. The card earns 5X reward points for all overseas spend excluding online expenses. The points can be redeemed for gifts or miles from frequent flyer programmes such as Enrich Miles, Asia Miles or KrisFlyer Miles. The points can also be used for on-the-spot redemption. The card also offers exclusive travel perks such as complimentary access passes to select Plaza Premium airport lounges and a free travel insurance with a cover of RM2 million. Cardholders can also enjoy discounts on dining and accommodation at select Hilton hotels and a 24-hour concierge service.
    3. AmBank Islamic Visa Signature Card?i: The card offers exclusive benefits such as a free travel insurance with a cover of RM1 million when airfare is charged solely to the card, 5 complimentary Plaza Premium Airport Lounge access passes, a 24-hour concierge service, discounts on dining and stay at select Hilton hotels and reward points on every expense charged to the card. These points can be redeemed for air miles such as Enrich Miles, KrisFlyer Miles, or Asia Miles. The card is also equipped with a purchase protection plan that has a cover of up to RM50,000.
    4. AmBank Islamic Al?Taslif Platinum Card?i: The card earns 1 reward point for every RM1 charged locally and 2 points for every RM1 charged to the card overseas. The points can be redeemed for gifts or used for on-the-spot redemptions. The card provides 2 complimentary access passes to Plaza Premium Airport Lounges and a free travel insurance with a cover of up to RM1 million when used solely to purchase airfare. Cardholders can also get access to a range of wealth management services and other perks such as an easy payment plan and a 24-hour concierge service.
    5. AmBank Islamic CARz Gold Card?i: The card is an ideal everyday card catering to motorists. The card offers auto related benefits and provides cash rebates on petrol expenses. The card earns a cash rebate of 3% capped at RM50 per month for cardholders who make minimum or partial payments on outstanding balances and a cash rebate of 2% capped to RM20 for cardholders who make payments in full. The card also earns 1 reward point for every RM1 spent locally and 2 points for every M1 sent overseas. The points can be redeemed for auto-related benefits.
    6. AmBank Islamic CARz Platinum Card?i: The Platinum variant of the CARz card offers attractive perks such as higher cash rebates on petrol expenses. Cardholders who make minimum or partial payments on their balances can enjoy a cash rebate of 5% on petrol expenses capped to RM80 per month whereas those cardholders who pay their outstanding dues in full every month can enjoy a cash rebate of 2% on petrol expenses capped to RM20 per month. The card earns 1 point for every RM1 spent locally and 2 points for every RM1 spent overseas. The points can be redeemed for auto-related services.
    7. AmBank Islamic Card Al?Taslif Gold Card?i: The card earns 1 reward point for every RM1 spent on shopping and comes with worldwide recognition. The points earned can either be redeemed for gifts or used for on-the-spot redemptions. The card is also equipped with flexi payment plan, a balance transfer plan and an auto bill pay service.

    Eligibility Criteria to avail AmBank Islamic Credit Cards

    If interested applicants wish to get an AmBank Islamic Credit Card, they must meet the following eligibility requirements:

    • The minimum age for principal cardholder is 21 years.
    • The minimum age for supplementary cardholder is 18 years.

    The minimum annual requirement will be as follows:

    • AmBank Islamic World MasterCard-i – RM120,000
    • AmBank Islamic Visa Infinite Card?i – RM120,000
    • AmBank Islamic Visa Signature Card? i – RM80,000
    • Islamic Al?Taslif Platinum Card? i – RM48,000
    • AmBank Islamic Platinum CARz Card? i – RM48,000
    • AmBank Islamic Gold CARz Card? i – RM24,000
    • AmBank Islamic Card Al?Taslif Gold Card? i – RM24,000

    Documents Requirements to apply for AmBank Islamic Credit Cards

    Cardholders are required to submit the following documents when submitting the duly filled application form:

    Salaried applicants:

    • A copy of the applicant’s MyKad (both sides)
    • Most recent 1 month salary slip
    • Most recent 1 month bank statement
    • Most recent EPF statement

    Self-employed applicants:

    • A copy of the applicant’s MyKad (both sides)
    • Copy of business registration certificate or Form 9, 24, 49
    • Latest Form B/BE with tax receipt
    • Company bank statements for latest 6 months

    Commission earners:

    • A copy of the applicant’s MyKad (both sides)
    • Salary slip or commission statements for the last 6 months
    • Most recent Form B/BE with tax receipt

    AmBank Islamic Credit Card Promotions

    • Cardholders are not only awarded reward points or cash rebates when suing the card but can also enjoy periodic deals and discounts on their credit cards. These promotional offers include discounts at select merchant outlets. 1-for-1 deals on dining at select restaurants, preferential rates on instalment plans and so on.
    • The offers are subject to certain terms and conditions that need to be fulfilled and have varying periods of validity. Cardholders must check the terms and conditions applicable to each offer in order to effectively make use of them.

    AmBank Credit Cards Balance Transfer

    • The AmBank Islamic credit cards are equipped with a balance transfer plan that lets cardholders manage finances effectively. The plan allows cardholders to transfer outstanding credit card dues accumulated on other bank credit cards onto their AmBank Islamic credit card and pay it off at lower rates for specific tenures.
    • The lowered interest rates are applicable only to the tenure chosen and any balance transfer amount left unpaid at the end of the tenure will be subject to prevailing rates of interest as set forth by the bank.
    • Cardholders can apply for the balance transfer plan by filling in the application form available on the AmBank website or by visiting the nearest AmBank branch and requesting for enrolment into the plan.

    Fees and Charges

    The following are the fees and charges applicable to the credit cards:

    Annual fees – Principal cards

    AmBank Islamic World MasterCard-i – Waived

    AmBank Islamic Visa Infinite Card?i – Waived

    AmBank Islamic Visa Signature Card? i – Waived

    Islamic Al?Taslif Platinum Card? i – Waived

    AmBank Islamic Platinum CARz Card? i – Waived

    AmBank Islamic Gold CARz Card? i – Waived

    AmBank Islamic Card Al?Taslif Gold Card? i – Waived

    Annual fees – Supplementary cards

    AmBank Islamic World MasterCard-i – RM188 for fourth card onwards

    AmBank Islamic Visa Infinite Card?i – RM188 for fourth card onwards

    AmBank Islamic Visa Signature Card? i – RM188 for fourth card onwards

    Islamic Al?Taslif Platinum Card? i – RM188 for fourth card onwards

    AmBank Islamic Platinum CARz Card? i – RM188 for fourth card onwards

    AmBank Islamic Gold CARz Card? i – RM75 for fourth card onwards

    AmBank Islamic Card Al?Taslif Gold Card? i – RM75 for fourth card onwards

    Finance charge on retail transactions 15% p.a. for Tier 1 cardholders 17% p.a. for Tier 2 cardholders 18% p.a. for Tier 3 cardholders
    Finance charge on cash advance 18% p.a.
    Cash advance fee Fixed amount of RM53 charged on every cash withdrawal
    Late payment charge 1% of the outstanding amount subject to a minimum fee of RM10 and a maximum fee of RM100
    Minimum monthly repayment RM50 or 5% of the outstanding balance, whichever of the two is higher
    Interest-free period 20 days
    Excess limit fee RM53 for every instance of exceeding credit limit
    Sales draft retrieval fee RM21.20 per copy
    Card replacement fee RM25 for every replacement
    Conversion for overseas transaction Overseas transactions carried out in any other currency is converted into Malaysian Ringgit using exchange rate determined by Visa/MasterCard International on the date of posting of the transaction. The transaction has a markup of 1% of the converted Ringgit amount imposed on it by the bank

    How to apply for an AmBank Islamic Credit Card?

    Applicants can apply for an AmBank Islamic Credit Card through the following ways:

    Applicants can download the application form available on the website and must submit the duly filled form along with the necessary supporting documents.

    Applicants can leave their contact details on the AmBank website and a bank representative will reach out to them and initiate the application process.

    Applicants can also carry the supporting documents and visit their nearest AmBank branch and request to apply for the desired credit card.

    How to increase AmBank Islamic Credit Card limit?

    • With life being as unpredictable as is, there may be an unexpected expense that might crop-up or an emergency expense that needs to be attended to and with a card that is fast approaching its credit limit, this can be quite a daunting task. The AmBank Islamic credit cards allows cardholders to exceed their credit limit on such emergency occasions by allowing cardholders to opt for an ‘exceed credit limit’ option at the time of applying for a card.
    • Enabling this option allows cardholders to meet such unexpected expenses by exceeding the assigned credit limit on their card for an overlimit fee of RM53 per instance of exceeding the limit. The amount that exceeds the assigned credit limit needs to be paid along with the next monthly minimum payment.

    AmBank Islamic Credit Card Customer Care / Hotline Number

    The customer hot line numbers for AmBank Islamic are as follows:

    • By telephone: +603 2178 8888
    • By Fax: +603 2171 3171
    • By Email: customercare@ambankgroup.com

    AmBank Islamic Credit Card FAQs

    Q. Are there any fees charged for a hard copy statement?

    A. Yes. Cardholders will be charged a yearly fee of RM12.72 for a hard copy statement. If the e-statement is chosen, there will be no hard copy issued.

    Q. What are the profit rates offered on the balance transfer plan?

    A. The plan offers an interest rate of 4.99% p.a. for a tenure of 4 months and an interest rate of 8.99% p.a. for a tenure of 12 and 24 months.

    Q. What is the minimum transfer amount on a balance transfer plan?

    A. The minimum transfer amount is RM1,000 for a tenure of 6 months and RM5,000 for a tenure of 12 or 24 months.

    Q. What is the minimum transfer amount for a Flexi Payment Plan?

    A. The minimum retail transaction amount to be eligible for a flexi payment plan is RM500 for a tenure of 6 months, RM2,000 for 12 months, RM4,000 for 18 months, and RM5,000 for 24 months..

    Q. What is the cover offered on the E-Commerce Purchase Protection Plan?

    A. The plan offers a maximum cover on items purchased online using the card to the tune of USD200 per occurrence or a maximum of USD200 on an annual basis.

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