A Premium Credit Card offers royal facilities to you in terms of travel, dining and shopping. The card also gives Premium rewards on each transaction you make with your card.
Enjoy International Golf Privileges at 69 Golf Clubs
RM800 (from the second year)
Get travel insurance coverage worth RM2 million
Free for lifetime
Get Complimentary Access to Malaysia Plaza Premium Lounge
Free for lifetime
The following features and benefits are offered by your Premium Credit Card:
As the name suggests, premium credit cards are worth a premium. Most premium cards come with a substantial annual fee but the benefits you get in return are well worth the investment. Some premium cards may even come with an annual fee waiver with a minimum monthly/annual spend.
As a premium credit cardholder, you’ll get to enjoy an exclusive range of benefits including complimentary hotel stays, worldwide travel insurance, airport lounge access, private concierge services, generous rewards programs, etc.
For starters, figure out how you really spend and what do you need a premium credit card for. You may be able to find most benefits that come with a premium card in another card that costs much lesser annually. So, know what benefits really matter to you and if they’re of any use.
Next, find a card with the lowest annual fee and the best rewards returns. Whether you’re a frequent flyer or a shopaholic, there are plenty of premium credit cards for you to choose.
To apply for any premium credit card in Malaysia, you need to be at least 21 years old. There’s even a minimum income requirement to contend with that depends on the card issuer, the type of card, and its features. You should also be able to prove that you have a steady source of income and that you’re a permanent resident of Malaysia. Some cards allow foreign applicants as well.
If you like to initiate the credit card application process in person, just walk into the bank’s nearest branch. You could also get in touch with the bank’s customer service team for assistance. For a more hassle-free experience, visit the bank’s website and fill out the online application or request form.
Q. What does the Dial-For-Cash facility do? Can I use the Dial-For-Cash facility on Premium Credit Card?
A. Yes. Premium cards provide Dial-For-Cash facility. You can use them when you are in need of immediate cash. The facility gives you repayment options ranging from a tenure of 6 to 48 months. You do not have to submit any documents exclusively for this purpose.
Q. What does a Flexi Payment Plan mean?
A. A Flexi Payment Plan means that the purchases you have made using the Premium Credit Card can be repaid in the form of monthly instalments as per your convenience. You need not pay the entire bill amount in a lump sum at the end of the month.
Q. Can Premium Credit Cards be Shariah-compliant?
A. Just like there are conventional premium credit cards, there are premium credit cards that only allow halal transactions. Such Islamic premium cards work much the same way as conventional premium cards, except for the fact that there’s a profit rate instead of an interest rate and there’s no compounding interest.
Q. Can I get a cash advance using my premium credit card?
A. Yes. You can carry out a cash advance transaction on your premium credit card. However, the amount you can take depends on the limit specified by the specific bank.
Q. Is there a penalty in case of missed monthly payments?
A. If you fail to make the minimum monthly payment as specified by the card issuer on or before the due date, there will be an additional charge levied on top of what you owe to the bank. This charge can vary from one bank to another.