AEON Motorcycle Association Affinity Gold Visa Credit Card
AEON Motorcycle Association Affinity Gold Visa Credit Card allows cardholders to manage their insurance premium payments and even earn cash rebates on premiums paid. The card offers a range of perks and privileges such as reward points, airport lounge access and a complimentary insurance policy. The features and benefits of the card are as follows.
The following are the various features of AEON Motorcycle Association Affinity Gold Visa Credit Card:
Cardholders can earn reward points on expenses charged to the card.
The annual fee of the card is waived.
The cardholder can enjoy instant access to cash at over 810,000 ATMs across the globe and 3,800 ATMs in Malaysia.
Cardholders can enjoy a balance transfer plan which allows them to transfer their outstanding balance from other credit cards onto the AEON card at an interest rate of 0% with tenures of up to 6 months.
The card is equipped with a Flexi Payment Plan that converts larger retail purchases into affordable instalments. Cardholders can convert transactions that have not yet been posted in the current month’s statement after 3 working days from date of transaction.
Cardholders can convert larger retail purchases of RM500 or more in a single receipt at more than 2,000 merchants into affordable instalments through the 0% Instalment Payment Plan. The plan comes with tenures ranging from 6 to 36 months.
The following are the benefits of the card:
Cardholders who have a Pacific & Orient motorcycle insurance policy can earn a 1.1% cash rebate on premium payments made with the card. A percentage of the premiums charged to the card is contributed to the Association’s charity and education funds
The cardholder can earn 1 AEON Reward point for every RM1 charged to the card. Reward points earned can be redeemed for a variety of gifts.
Cardholders can enjoy a free travel insurance with a cover of up to RM1 million. The policy also provides cover for travel inconveniences such as lost baggage or delayed flights.
Cardholders can access the AEON World Desk Centre which will assist them in booking personalised travel packages.
Applicants will have to meet the following criteria to avail this card:
The principal cardholder should be at least 21 years of age.
The supplementary cardholder should be at least 18 years of age.
The cardholders should earn a minimum annual income of RM36,000.
Fees and Charges
Annual fees – Principal card
Annual fee is waived for life.
Annual fees – Supplementary card
Annual fee is waived for life.
Minimum monthly repayment
The higher of 5% of the outstanding balance or RM50.
Finance charge on purchases
15% p.a. when cardholders make prompt minimum monthly payments for 12 consecutive months. 17% p.a. when cardholders make 10 or more payments on time in a 12-month period and 18% p.a. for cardholders who do not fall in either categories
Finance charge on cash advance
Late payment charges
The higher of 1% of the outstanding balance or RM10. The maximum fee that can be charged is RM100.
Cash advance fee
5% of the amount withdrawn subject to a minimum fee of RM15.
Overseas transaction conversion fee
A fee of 1% is imposed as an administrative fee on overseas transactions. The transactions are converted into Malaysian Ringgit using an exchange rate set by Visa/MasterCard International.