Hong Leong Classic Credit Card
Get benefits worth their weight in gold with the Hong Leong American Express Gold credit card. This card offers benefits ranging from reward points to travel helpdesks and preferential foreign currency exchange rates.
Hong Leong Classic Card Benefits
The Hong Leong Classic credit card is a no frills credit card that provides the cardholder with a card meant for everyday use. The main benefit of this card is the lower interest rates charged on cash withdrawals. While most cards charge 18% the Hong Leong Classic credit only charges a low interest rate of 9.88% p.a. on cash withdrawals. The card also offers a complimentary travel insurance every time airfare is purchased using only the card.
Hong Leong Classic Card Features
The features of the Hong Leong Classic credit card are as follows
- The interest rate charged on this card is 15% p.a.
- The card has a 20 day interest free period
- The card has an Easy payment plan with available tenures ranging from 3 months to 36 months at amounts starting from RM 100
- The card has a Balance transfer plan that allows cardholders to consolidate outstanding credit card dues
- This primary card has an annual fees of RM 84.80
- The supplementary card has an annual fees of RM 42.40
- The minimum monthly payment to be made is RM 50 or 5% of the outstanding amount.
- Rate of interest on cash withdrawals is 9.88% p.a. and the daily limit for withdrawing cash is RM 5000. The cash withdrawal fee is the higher of RM 21.20 or 5.3% of the cash withdrawn.
- Cardholders can avail cash advances on their available credit limit through Hong Leong Bank Call for Cash service
- Late payment penalty is 1% of the outstanding amount capped to a maximum amount of RM 100
Hong Leong Classic Card Requirements or Eligibility
The eligibility criteria to apply for the Hong Leong Classic credit card are as follows
- The minimum age of primary cardholder is 21 years of age
- The minimum age of supplementary cardholder is 18 years of age
- The minimum annual income required to apply for this card is RM 24,000
- Anybody (government servant or private company employee) can apply for this card
Other Credit Cards Offered by Hong Leong
The other credit cards offered by Hong Leong are
- Hong Leong American Express Classic
- Hong Leong MATTA Card
- Hong Leong Wise Gold Card
- Hong Leong Platinum Card
- Hong Leong GSC Gold Card
- Hong Leong American Express Platinum
- Hong Leong The Store and Pacific Platinum
- Hong Leong Gold Card
- Hong Leong Fortune Credit card
- Hong Leong Essential Card
- Hong Leong The Store and Pacific Gold Card
Hong Leong Classic Card Balance Transfer
The Hong Leong Classic credit card offers its cardholders a balance transfer plan that helps cardholders to reign in their increasing credit card debt. Cardholders can transfer outstanding dues from other bank credit cards onto their Hong Leong Classic card and repay it at low interest of 6.99% p.a. The available tenures in this plan are 6 months and 12 months and the plan requires a minimum transfer amount of RM 1000.