Mach by Hong Leong Bank offers two credit cards for its customers, among which, one of the cards – Mach Signature Credit Card offers travel-related benefits. Enjoy the faster way of accumulating air miles as and when you spend with this credit card.
Read on to learn more about the benefits and privileges offered by this card.
|Spend Category||Spend in Ringgit||Enrich Miles Earned|
According to the rewards programme of the card, every RM3 you spend in Malaysia will get you 1 Enrich Mile and every RM2 you spend overseas will get you 1 Enrich Mile.
Case 1: If you have spent RM3,000 on local spend and RM2,000 on overseas spend, then you can get 1,000 Enrich Miles on local spend and 1,000 Enrich Miles on overseas spend summing up to 2,000 Enrich Miles.
Case 2: If you spend RM2,000 on local purchases and RM3,000 on overseas retail purchases, then you will receive 666 Enrich Miles and 1,500 Enrich Miles respectively. On the whole, you can earn 2,166 Enrich Miles.
|Case||Spend Category||Amount Spent||Enrich Miles Conversion||Total Enrich Miles Earned|
|Case 1||Local Spend||RM3,000||RM3,000/3 = 1,000||2,000|
|Overseas Spend||RM2,000||RM2,000/2 = 1,000|
|Case 2||Local Spend||RM2,000||RM2,000/3 = 666.667 ~ 666||2,166|
|Overseas Spend||RM3,000||RM3,000/2 = 1,500|
|Annual Fee (Principal Card)||Waived|
|Annual Fee (Supplementary Card)||Waived for the first 3 cards|
|Finance Charges||15% p.a.-18% p.a. based on the repayment pattern in the last 12 months|
|Minimum Monthly Payment||5% of the balance or a minimum of RM50, whichever is higher|
|Late Payment Penalty||1% of the outstanding balance or RM10, whichever is higher; a maximum penalty of RM100 can be charged|
|Cash Advance Fee Per Transaction||5% of the advance amount or a minimum of RM20, whichever is higher|
|Cash Advance Interest Rate||18% p.a. calculated on a daily basis|
|Minimum Age Criterion (Principal Cardholder)||21 years|
|Minimum Age Criterion (Supplementary Cardholder)||18 years|
|Minimum Annual Income Requirement||RM24,000|
|Online Mode 1||
|Online Mode 2||
If you are a frequent flyer, then the Mach Signature Credit Card may be the right one for you. This is because you can earn Enrich Miles straightaway on every ringgit you spend in Malaysia and overseas. If you’re able to fulfil all the eligibility requirements, go ahead and apply for the card.
Q. Should I be an Enrich Member to enjoy the benefits of the card?
A. Yes. You have to be an Enrich Member to enjoy the benefits of the card. If you are not one, the bank will initiate a process with Malaysian Airlines to make sure that you enrol as an Enrich Member.
Q. Do I get Enrich Miles when I spend on petrol transactions?
A. No. The card does not consider petrol transactions to award Enrich Miles.
Q. Are there any other categories that are not considered to award Enrich Miles?
A. Yes. The card specifies that a few categories which are not considered to award Enrich Miles, such as quasi-cash, Call-For-Cash, Flexi Payment Plan, Balance Transfer, finance charges, late payment charges, annual fee payment, cash advance, and government-related transactions.
Q. Is there any restriction to get the travel accident insurance coverage?
A. The travel accident insurance for you and your dependents is offered only if you charge the entire cost of your flight tickets to your credit card.
Q. Can I redeem air miles from an airline with Mach Signature Credit Card?
A. No. The card only offers Enrich Miles on your retail spends.