AEON Classic MasterCard Credit Card has been designed for everyday use. The card offers a range of benefits that allow cardholders to better manage their daily finances and also provides them with cash rebates and reward points. The card is also an ideal travel companion due to its worldwide acceptance. The features and benefits of the card are as follows.
Features of AEON Classic MasterCard Credit Card
The card earns reward points and cash rebates at AEON Stores.
The card has a low annual fee of only RM30.
The card is widely recognised at over 19 million establishments across the globe.
The card comes equipped with a balance transfer plan which allows cardholders to transfer balance from other credit cards onto this one at a 0% interest rate for a tenure of 6 months.
The cardholder can convert larger retail purchases into affordable instalments through the Flexi Payment Plan which offers tenures of 6, 12, or 18 months.
The card comes with a 0% Instalment Payment Plan which can convert larger retail purchases of RM500 or more in a single receipt into affordable monthly instalments. The plan has a tenure starting from 6 months going up to 36 months.
Benefits of AEON Classic MasterCard Credit Card
The card earns a 5% cash rebate capped to RM100 on expenses charged to the card during the AEON BIG Thank You Member day.
The card earns 1 AEON Reward points for every RM1 charged to it. The points earned can be redeemed for a variety of gifts.
Cardholders can enjoy a free travel insurance with a cover of up to RM200,000 when they purchase airfare solely using the card.
Cardholders can get access to a wide range of deals and discounts of up to 50% at select merchants and can enjoy a host of dining, travel and shopping perks.
Cardholders get access to the AEON World Desk centre which offers assistance in booking personalised travel packages.
Applicants will have to meet the following criteria to avail this card:
The minimum age of the principal cardholder should be at least 21 years.
The minimum age of the supplementary cardholder should be at least 18 years.
The minimum annual income required is RM24,000.
Fees and charges
Annual fees – Principal card
Annual fees – Supplementary card
Minimum monthly repayment
5% of the outstanding balance or RM50, whichever amount is higher.
Finance charge on purchases
Cardholders who make prompt minimum monthly payments for 12 consecutive months are charged 15% p.a. For 10 or more payments made on time in a 12-month period, the interest rate offered is 17% p.a. Cardholders not falling in the above categories are charged 18% p.a.
Finance charge on cash advance
Late payment charges
The higher of 1% of the outstanding balance or RM10 with the maximum fee being RM100.
Cash advance fee
5% of the amount withdrawn with the minimum fee being RM15.
Overseas transaction conversion fee
A fee of 1% is imposed as an administrative fee on the converted transaction by the Visa/MasterCard international. Conversion of transactions into Malaysian Ringgit are made using an exchange rate determined by MasterCard International.
Sales draft retrieval copy
Card replacement fee
RM50 for every card replaced.
Credit Card balance refund
Early Repayment of 0% Instalment Plan
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