The AmBank Islamic Visa Signature Card?i is a premier credit card product by the Islamic Banking division of AmBank, one of Malaysia’s leading banks. This card redefines luxury through extra rewards, discounts on various categories of spending, special travel perks, travel takaful, and flexible payment methods.
Features of AmBank Islamic Visa Signature Card?i
Frequent Flyer Miles programmes: The Visa Signature Card-i has 3 frequent flyer programmes – Singapore Airlines KrisFlyer, Asia Miles and Enrich. These programmes will allow you to book tickets through miles conversion with more than 50 airline carriers.
Bonus rewards: You earn 3 AmBonus Points for every RM1 spent while you’re outside Malaysia. However, online purchases do not qualify for these extra points. These rewards points can be exchanged for miles or for discounts on products and services available in the rewards catalogue. Spot redemption of points can also be done at partner stores such as ESH, Courts, SenQ, Cosway and Sen Heng.
Balance transfer plan: AmBank Islamic allows you to transfer the card balance from another card to Visa Signature Card-i at affordable charges. For a 6-month balance transfer with a minimum of RM1,000, you need to pay a management fee of 4.99% p.a., and for a 12-month or 24-month balance transfer with a minimum of RM5,000, the fee would be 8.99%.
Instalment payment plans: You can pay for your purchases through AmFlexi-Pay or 0% Easy Payment Plan (EPP). AmFlexi-Pay allows you to convert any retail purchase into monthly instalments. The management fee is low and the minimum transaction amount for conversion is also not high. The purchase have to be worth RM500 or more for a 6-month plan, RM2,000 or more for a 12-month plan, RM4,000 or more for an 18-month plan and RM5,000 or more for a 2-year plan. With the EPP, you can buy items worth RM500 or more at 0% management fees for repayments tenures of up to 24 months at selected stores.
Annual fee waiver: The principal card and the first three supplementary cards have a permanent waiver of annual fees. From the fourth supplementary card onwards you need to pay an annual fee of RM188 per new card.
Credit limit excess fee waiver: If you are forced to spend more than your credit limit, you do not have to pay an over-limit fee as long as you are subscribed to the excess limit waiver service.
Benefits of AmBank Islamic Visa Signature Card?i
Travel insurance: If you book your flight tickets using the AmBank Islamic Visa Signature Card?I, you can get a travel takaful cover of a maximum of RM1 million.
Concierge support: You can access the Visa Customer and Concierge Services any time of the day or week. This will assist you with business services, travel bookings, hotel reservations, event tickets, and doctor and hospital referrals, among others.
Airport lounge privileges: The Visa Signature card allows you to enter Plaza Premium Lounges at over 26 important airports across the globe infinite number of times in a year. Plus, you can take a guest with you to any participating lounge in Malaysia at a 25% concession and to any lounge in the world at a discount of 20%.
Hilton Premium Club Membership: This card gives you the following perks at Hilton hotels if you spend more than RM30,000 in a year:
Participating Hilton Worldwide Hotels in Malaysia, Thailand and China will give you up to 50% off on dining.
You get a rebate of 10% on best available room rates at selected Hilton Worldwide Hotels in Asia.
Purchase protection: Things bought with the Visa Signature Card-i are eligible for purchase protection of up to RM50,000. The purchases are covered against accidental damage and theft for a maximum of 30 days from the date of purchase.
Stolen card liability: You do not have to bear any liability for stolen credit cards if you report the loss or theft to the bank on time.
Auto bill payment: You can link your utility and insurance bills to the card and subscribe to automatic payment of the bills in order to prevent missed payment deadlines and overdue amounts.
An AmBank Islamic Visa Signature Card?i can be obtained if you meet the following eligibility parameters:
You should be at least 21 years old for a primary card.
You should be at least 18 years old for a supplementary card.
Your annual income should be at least RM80,000.
Fees and Charges
The fees and charges applicable to AmBank Islamic Visa Signature Card-i are listed below:
Fixed Management Fee
RM15,000 per month
Management Fee Tiered Rates
1.25% per month or 15% p.a. if you have paid your bills on time for 12 months in a row
1.42% per month or 17% p.a. if you have paid your bills for at least 10 out of 12 months
1.5% per month or 18% p.a. if your bills are not paid regularly
Minimum Monthly Payment
RM50 or 5% of the bill, whichever is greater
Late Payment Fee
RM10 or 1% of the bill, whichever is greater. Maximum charge is RM100
Cash Advance Fee
RM50 plus GST
Cash Advance Management Fee
1.5% per month or 18% p.a.
Card Replacement Fee
RM25 per card
Monthly Statement Fee (hardcopy)
RM12 plus GST
Owning an AmBank Islamic Visa Signature Card?i means you can redefine comfort and luxury, and access the best offers and privileges in the market. Get this card now!