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    Hong Leong Platinum Business

    Hong Leong Platinum Business MasterCard Credit Card caters to frequent travellers and is a travel credit card. The card comes packed with a range of travel benefits such as airport lounge privileges, low rates of interest and preferential foreign exchange rates. The features and benefits of the card are as follows

    Features

    • The card charges a low rate of interest with rates starting as low as 12.85% p.a.
    • The card allows for annual fee waiver when cardholder charges a minimum of RM15,000 per year or makes 12 retail transactions in a year.
    • Cardholders can enjoy an interest free credit period of 30 days on all retail transactions.

    Benefits

    • The card provides holders with acc    ess to Plaza premium lounges in select airports such as KLIA1, KLIA2, Langkawi airport, Singapore Changi airport, and airports at Penang, Senai, Kuching, and Kotai Kinabalu.
    • Cardholders can get up to 6 complimentary visits per year provided they charge a minimum of S$2,500 before date of each visit.
    • Cardholders can enjoy a low cash advance fee when withdrawing cash from Hong Leong ATM or branch counters. Cardholders will only have to pay 3% of the amount withdrawn subject to a minimum charge of RM21.20.
    • Cardholders can also enjoy a cheque book facility. Cash advances made using a cheque book will incur no additional fee.
    • Cardholders can enjoy preferential forex rates when making purchases of foreign currencies at Hong Leong branches. Cardholders can get preferable rates on currencies like USD, AUD, GBP, JPY, HKD, CAD when they purchase amounts between RM30,000 to RM150,000.

    Eligibility Criteria

    You will have to meet the following criteria to avail this card:

    • Malaysian citizens and Permanent residents can apply for this card.
    • Principal cardholders must be 21 years of age and cannot exceed 65 years of age.
    • Supplementary cardholders must be 18 years of age.
    • The minimum annual income required is RM60,000.

    Fees and charges

    Types of Fees Charges
    Annual fees – Principal card RM424 (Annual fee is waived when a minimum of 12 retail transactions or RM15,000 in total spend has been charged to the card in a year).
    Annual fees – Supplementary card RM212.
    Minimum monthly repayment 5% of the outstanding balance or RM50, whichever is higher.
    Interest-free period 30 days.
    Finance charge on purchases Cardholders who are good paymasters can enjoy interest rates as low as 12.85% p.a. and if cardholders do not maintain a good track record of monthly payments, interest rates can go up to 18% p.a.
    Finance charge on cash advance 18% p.a.
    Late payment charges 1% of the outstanding balance with a minimum charge of RM10 subject to maximum fee of RM100.
    Cash advance fee No fee for cheque withdrawals. RM21.20 or 3% of the amount withdrawn, whichever is higher for withdrawals made through Hong Leong ATM or branch counters.
    Overseas transaction conversion fee Transactions carried out overseas are converted into Ringgit Malaysia using an exchange rate determined by Visa International/MasterCard International plus an additional 1% fee imposed by the bank.
    Sales draft retrieval copy RM21.20 per instance of retrieval.
    Card replacement fee RM50 per instance of card replacement
    Additional statement request fee RM5.30 for each additional statement copy.
    Early settlement penalty for balance transfer RM70.
    Regeneration of PIN RM5.30 per request.
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