New AEON Classic Visa Credit Card is a credit card that is a low cost credit card that has been designed for everyday use. The card offers myriad perks and benefits such as a complimentary travel insurance, and also earns cashback and AEON MEMBER Points when used at AEON stores. The features and benefits of the card are as follows.
The card comes with an annual fee waiver for the first year. For subsequent years, the annual fee of the card can be waived when the cardholder makes a minimum of 12 transactions with the card.
The card earns cashback as well as AEON MEMBER Points when used at AEON outlets.
The cardholder can get a 0% Balance Transfer Plan which allows them to transfer previous outstanding balances on other credit cards onto their AEON credit card and better manage their finances.
Cardholders can convert purchases of RM500 or more in a single receipt into affordable monthly instalments using a 0% Instalment Payment Plan. The plan offers tenures ranging from 6 to 36 months.
The card comes with a complimentary AEON Touch N Go Zing Card.
The cardholder can get up to 2 AEON MEMBER Points for every RM1 charged to the card at AEON or MaxValu stores. During an AEON MEMBER Privilege day, the card earns 2.5 MEMBER Points for every RM1 charged to the card and cardholders can also get an extra 500 MEMBER Points when they charge RM200 to the card during an AEON MEMBER Fiesta Event.
Cardholders can also get a 2% cashback capped to RM100 when they make purchases using their card at AEON Stores during an AEON MEMBER Day.
The card offers a free travel insurance with a cover of up to RM1 million. The policy also provides cover for travel inconveniences such as flight delays or lost luggage. The policy is given when the entire airfare has been purchased only using the card.
Cardholders can get exciting deals and discounts ranging from shopping to dining and travel from a various participating merchant outlets.
The cardholders can also enjoy access to the AEON World Desk Centre. Cardholders can get assistance in cases of lost card while travelling overseas or in booking personalised travel packages.
Applicants will have to meet the following criteria to avail this card:
The principal cardholders must be at least 21 years of age.
The supplementary cardholders must be at least 18 years of age.
The applicant must earn an annual income of at least RM24,000.
Fees and charges
Annual fees – Principal card
RM30. First-year fee is waived and subsequent annual fees are waived when a minimum of 12 transactions are charged to the card.
Annual fees – Supplementary card
RM20. First-year fee is waived and subsequent annual fees are waived when a minimum of 12 transactions are charged to the card.
Minimum monthly repayment
The higher of 5% of the outstanding balance or RM50.
Finance charge on purchases
Cardholders who make prompt minimum monthly payments for 12 consecutive months in a 12-month period are charged 15% p.a. Cardholders who make prompt minimum monthly payments for 10 or more months in a 12-month period are charged 17% p.a. Those who do not belong to the above categories are charged 18% p.a.
Finance charge on cash advance
Late payment charges
The higher of 1% of the outstanding balance or RM10 subject to a maximum fee of RM100.
Cash advance fee
5% of the amount withdrawn subject to a minimum fee of RM15.
Overseas transaction conversion fee
Overseas transactions are converted into Malaysian Ringgit using exchange rates set by Visa International along with an additional fee of 1% of the converted amount imposed by Visa International.