New AEON Classic MasterCard Credit Card is a credit card that has been designed to provide optimum benefits when used at AEON Stores. The card not only earns cashback but also earns AEON MEMBER Points when used at AEON stores. The card even offers complimentary travel insurance.
Features of New AEON Classic MasterCard Credit Card
The first year annual fee of the card is waived. The annual fee of the card for subsequent years can be waived when the cardholder charges a minimum of 12 transactions to the card.
The card earns AEON MEMBER Points and cashback when used at AEON outlets.
The card offers a 0% Balance Transfer Plan that allows cardholders to transfer previous outstanding balances on other credit cards onto the AEON credit card.
Cardholders can make use of a 0% Instalment Payment Plan with tenures ranging from 6 to 36 months. Cardholders can convert purchases of RM500 or more in a single receipt into affordable instalments.
Cardholders will also receive a complimentary AEON Touch N Go Zing Card.
Benefits of New AEON Classic MasterCard Credit Card
The card earns AEON MEMBER Points on every expense charged to the card at AEON or Max Valu stores. The card earns 2 MEMBER Points for every RM1 charged to the card. The card earns 2.5 MEMBER Points for every RM1 charged to the during an AEON MEMBER Privilege Day and earns 500 extra AEON MEMBER Points when RM200 is charged to the card during any AEON MEMBER Fiesta Event.
The card earns 2% cashback during an AEON MEMBER Day for purchases made at AEON stores. The cashback is capped to RM100.
Cardholders can enjoy a complimentary travel insurance with a cover of up to RM1 million. The insurance is given only when the entire airfare has been purchased solely using the card.
Cardholders can get exciting shopping and dining deals and discounts at a range of participating merchant outlets.
The card also gives access to the AEON World Desk Centre where cardholders can get assistance in booking personalised travel packages.
Applicants will have to meet the following criteria to avail this card:
The minimum age for the principal cardholder is 21 years.
The minimum age for the supplementary cardholder is 18 years.
The minimum annual income required for this card is RM24,000.
Fees and Charges
Annual fees – Principal card
RM30. First year fee is waived. Subsequent annual fees are waived when cardholder charges a minimum of 12 transactions to the card.
Annual fees – Supplementary card
RM20. First year fee is waived. Subsequent annual fees are waived when cardholder charges a minimum of 12 transactions to the card.
Minimum monthly repayment
5% of the outstanding balance or RM50, whichever is higher.
Finance charge on purchases
Interest rate ranges from 15% p.a. to 17% p.a. Cardholders who make prompt minimum monthly payments will enjoy lower rates whereas cardholders who fail to make prompt minimum monthly payments will be charged higher rates of interest.
Finance charge on cash advance
Late payment charges
1% of the outstanding balance or RM10, whichever is higher. The maximum fee charged is RM100.
Cash advance fee
5% of the amount withdrawn. The minimum fee charged is RM15.
Overseas transaction conversion fee
1% administration fee is imposed on the converted transaction by the Visa/MasterCard international. Transactions are converted using exchange rates set by Visa/MasterCard International.