AEON Classic Visa Credit Card is an everyday credit card that offers cardholders a range of plans and services that allows them to manage their finances more effectively. The card is a low cost credit card which earns cash rebates and reward points. The features and benefits of the card are as follows.
Features of AEON Classic Visa Credit Card
Cardholders can earn reward points and cash rebates when they use the card at AEON Stores.
The card comes with a low annual fee of only RM30 for the principal card and RM20 for the supplementary card.
The card is widely recognised across the globe and can be used at over 814,000 ATMs across the globe.
The card offers a balance transfer plan that allows cardholders to transfer their outstanding balance from other credit cards at a 0% interest rate for a tenure of 6 months.
The cardholder can use the Flexi Payment Plan which can convert larger retail purchases into affordable instalments. The plan charges a low one-time upfront fee and offers tenures of 6, 12, or 18 months.
Larger retail purchases of RM500 or more in a single receipt can be converted into affordable instalments with tenures ranging from 6 to 36 months through the 0% Instalment Payment Plan.
Benefits of AEON Classic Visa Credit Card
The card earns a 5% cash rebate when used at AEON Stores during the AEON BIG Thank You Member day. Cash rebates earned are capped to RM100.
The card earns 1 AEON Reward point on every RM1 charged to it which can be redeemed for a variety of gifts.
Cardholders can enjoy a free travel insurance with a cover of up to RM200,000. The policy also provides cover on the outstanding credit card balance of up to RM1,000 in the unfortunate event of the principal or supplementary cardholder’s demise.
Cardholders can enjoy worldwide travel assistance through the AEON World Desk Centre which can help them in case of lost or stolen credit cards while travelling overseas.
Applicants must meet the following criteria to avail this card:
The principal cardholder must be at least 21 years.
The supplementary cardholder must be at least 18 years.
The cardholders should earn a minimum annual income of RM24,000.
Fees and charges
Annual fees – Principal card
Annual fees – Supplementary card
Minimum monthly repayment
Either 5% of the outstanding balance or RM50, whichever amount is higher.
Finance charge on purchases
15% p.a. for cardholders who make prompt minimum monthly payments for 12 consecutive months. 17% p.a. for cardholders who make 10 or more payments made on time in a 12-month period and 18% p.a. for those who do not belong to 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 the converted transaction by the Visa international. The exchange rate on conversions are determined by Visa International.