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AmBank · Visa Platinum · Cashback

AmBank Cash Rebate Visa Platinum

Earns
2.16% Online shopping, from RM1,500 a month
Minimum spend
RM1,500 a month or it pays 0.2%
Min income
RM24,000 a year
Annual fee
Free for life 1% overseas fee, lower than most
See it on AmBank's site

Good for

  • 10% cashback on online, dining, shopping and groceries, and public transport, up to RM10 each a month.
  • No annual fee for life, on main and supplementary cards.
  • Travel cover up to RM500,000 when you pay the full fare with the card.

Watch out

  • The 10% needs RM1,500 of spend in the statement month. Below that, everything earns 0.2%.
  • At most RM40 a month at 10%. Spend past each RM10 cap earns 0.2%.
  • Petrol, e-wallet reloads and JomPAY earn nothing.

What it earns

Cash back, as a share of what you spend.

  • Counts toward the minimum: every billed purchase, except the ones below.
  • Does not count: Petrol, Government / LHDN / JPJ, JomPAY / FPX / DuitNow to billers, Touch 'n Go reloads, Grab top-up / GrabPay, Boost top-up, ShopeePay top-up and MAE / other e-wallet.
SpendingUnder RM1,500RM1,500 or moreMonthly cap
Online shopping, Online (foreign currency), Airlines (direct) and more online 0.2% 10% RM10 reached at RM100
Dining 0.2% 10% RM10 reached at RM100
Groceries, Fashion and Department store 0.2% 10% RM10 reached at RM100
Public transport and Grab rides in shops 0.2% 10% RM10 reached at RM100
Everything else 0.2% 0.2% None
Petrol, Government / LHDN / JPJ, JomPAY / FPX / DuitNow to billers, Touch 'n Go reload, Grab top-up / GrabPay, Boost top-up, ShopeePay top-up and MAE / other e-wallet Nothing Nothing

Getting your cash back

How it's paid
Credited to your card on the statement date AmBank credits the cash back to your card account automatically on each statement date, rounded down to the sen. It will not pay it into any other account.
Which month counts
Your statement month The RM1,500 minimum and the RM10 caps are counted per statement cycle, by the date a transaction posts. A purchase that posts late counts in the next statement cycle.
When you lose it
Account not in good standing at payout On the day AmBank credits the cash back, the card must be activated and the account must not be delinquent, suspended, terminated or cancelled. AmBank can also refuse or take back cash back on refunded, disputed or fraudulent purchases.

Travel

Airport lounges
None
Overseas spending fee
1% 1% AmBank markup on the Visa exchange rate.

Insurance

Automatic. The cover starts once you pay the full fare with this card, and only for trips abroad, not within Malaysia.

Travel accident
Up to RM500,000 For accidental death, or loss of sight or a limb, on the trip. Your spouse and children are covered too; each child gets 25%.
Lost luggage
Up to RM1,300 RM2,600 for the family. RM100 excess (RM150 for the family). Missed connection or overbooked flight up to RM600; a flight delayed 4 hours or more up to RM600.
Shopping and fraud cover
Not listed AmBank does not list this cover for this card.
Insurer
Liberty General Insurance Claims go to Liberty, not AmBank.

Fees and charges

What it costs if you don't pay in full, or use it for cash.

Annual fee
Free for life No spending needed to keep it free.
Extra (supplementary) cards
Free for life
Service tax
RM25 a year per card A government charge on every credit card in Malaysia, billed by the bank.
Interest
15%, 17% or 18% a year Depends on how reliably you paid the minimum over the last 12 months. None if you pay the full balance by the due date (20 days after your statement).
Minimum monthly payment
5% of the balance, or RM50 Whichever is higher, plus any instalments, service tax and overdue amounts.
Late payment
1% of the balance, RM10 to RM100 Charged on the unpaid balance when you pay late.
Cash withdrawal
1.3% fee Plus 8% service tax on the fee, and 18% a year interest from the day you take it out. No interest-free days.
Replacement card
RM12

Who can apply

Income
RM24,000 a year or more
Age
21 to 65 Extra cardholders from 18.
Documents
  • MyKad, front and back
  • Employees: latest payslip (1 month on a fixed salary, 3 months with variable pay) and the bank statements that show the salary
  • Self-employed: 6 months of personal or business bank statements, business registration (Form A and D), and the latest B or BE form with its tax receipt
A recent EPF statement or EA form can stand in for some payslips. Foreigners need a valid passport and a work pass or PR.

Other perks

Pay by phone
Apple Pay, Google Pay Add it to Apple Pay in the AmOnline app, or to Google Pay in the Google Wallet app.
Card network
Visa Platinum

Where this comes from