AmBank Carz Platinum Visa Credit Card
Commuting became that much more enjoyable with cashback on petrol expenses through this card which provides motorists great auto benefits and allows for payment of road tax with 0% interest through easy payment plans with a 12 month tenure.
AmBank Carz Platinum Visa Card Benefits
The AmBank Carz Platinum Visa Card is catered for the frequent motorist and offers auto benefits such as easy payment facility with 0% interest and a tenure of 12 months for payment of road tax. The AmBank Carz Platinum Visa Card earns a higher rate of cash back for the cardholder on petrol expenses. If the cardholder pays just the minimum amount every month, they can stand to earn up to 5% cashback on all petrol expenses regardless of the brand. This cashback is capped to RM 80 per month. Making full payments on credit card bills will fetch the cardholder cashback of up to 2% capped to RM 20 per month.
The card also earns 1 reward point for every RM 1 spent on retail expenses, both locally and overseas. These reward points have a validity of 6 years.
AmBank Carz Platinum Visa Card Features
The features of the AmBank Carz Platinum Visa Card are as follows
- The AmBank Carz Platinum Visa Card has no annual fees and is free for the first tree supplementary cards availed.
- The card charges 15% p.a. interest rate
- Balance transfer plans are available on this card for tenures of 6 months at 4.99% p.a. and tenures of 12 and 24 months at 8.99% p.a.
- The balance transfer plans do not charge any upfront handling fees
- This card has an Easy payment plan that allows cardholders to spread out a huge purchase from select retail merchants over a tenure of up to 24 months with low interest rates ranging from 0% to 4% p.a.
- The card has a Quick Cash service which allow cardholders to make cash advances against available credit limit
- Interest rates on cash withdrawals is 18%. Daily cash withdrawal limit for this card is RM 5000 and cash withdrawals incur a fee of RM 53 or 5.3% of the withdrawn amount, whichever is higher
- Minimum monthly payments is 5% of the outstanding amount and any late payments attract a penalty of 1% of the outstanding amount capped to a maximum of RM 100
AmBank Carz Platinum Visa Card Requirements or Eligibility
- The eligibility criteria to apply for the AmBank Carz Platinum Visa Card are as follows
- Malaysians who are either government servants or Private company employees meeting the age and income requirements can apply
- Minimum age of the Primary cardholder needs to be 21 years of age
- Minimum age of the Supplementary cardholder needs to be 18 years of age
- Cardholder must draw a minimum annual salary of RM 60,000 to be eligible for this card
Other Credit Cards offered by AmBank
The other credit cards offered by this bank include
- AmBank Platinum MasterCard
- AmBank World MasterCard
- AmBank Imagine Card
- AmBank Cosway Platinum MasterCard
- AmBank Carz Gold Visa Card
- AmBank Cosway Gold MasterCard
- AmBank Visa Signature Card
- AmBank True Visa Card
Balance Transfer Plan by AmBank Carz Platinum Visa Card
The balance transfer plan available with the AmBank Carz Platinum Visa Card allows cardholders to consolidate credit card debt. This credit card offers balance transfer plans with tenures ranging from 6, 12 and 24 months. The rate of interest charged is 4.99% p.a. for 6 months and 8.99% p.a. for 12 and 24 months. The minimum transfer amount is RM 1000 for 6 months and RM 5000 for 12 and 24 months.