AmBank Revises AmBonus Points Redemption Rates
Author Avatar


AmBank Revises AmBonus Points Redemption Rates

AmBank has announced a revision to the redemption rates of its AmBonus points, which will be effective from 17 September 2019. In addition, the bank is closing redemption applications from 11 to 16 September.

Like other revisions by other banks in recent months, the changes don’t look good. Across the board, the revision sees an increase of points required for all redemptions, including air miles, vouchers, and on-the-spot redemption (OTSR). The hardest hit are the air miles redemptions, as the rates have increased between 16.7% up to a whopping 100%, while the voucher redemption rates have increased by 25%, while OTSR rates by 50%.

Even though it is the AmBank Visa Signature cards that have the highest increase in redemption rate (+100%), the AmBank World Mastercard and Visa Infinite (+43 to +79%) will be hit particularly hard. That’s because the two cards are currently earning 1 Enrich/KrisFlyer/Asia Mile mile for every RM1.40 spent overseas, which is one of the best around. With this revision, cardholders will earn 1 Enrich Mile for every RM2 spent and 1 KrisFlyer/Asia Mile for every RM2.50 spent overseas – definitely not as competitive as the competition.

Here’s how the new changes will affect the air miles redemption rate for all AmBank credit cards:’

Air Miles Type

Card Type

Existing Redemption Rate

New Redemption Rate (from 17 Sept 2019)
1,000 Enrich Miles World & Infinite 7,000 points 10,000 points
Signature & Platinum 7,500 points 12,000 points
Gold 10,000 points 15,000 points
1,000 Asia Miles or1,000 KrisFlyer Miles World & Infinite 7,000 points 12,500 points
Signature & Platinum 7,500 points 15,000 points
Gold 10,000 points 19,000 points
1,000 BIG Points World & Infinite 6,000 points 7,000 points
Signature 6,500 points 8,000 points
Platinum 7,000 points 8,000 points
Gold 10,000 points 12,000 points

As part of this revision, AmBank also announced that any redemptions for the current rate can only be done until 10 September 2019, after which it will be closed for system maintenance.

(Source: AmBank)


0 0 votes
Article Rating


Comments (0)

Notify of

Inline Feedbacks
View all comments
Top Air Miles Credit Card Articles
Top Air Miles Credit Card Articles
Post Image
Frequently Asked Questions About Credit Cards
Guo Heng
- 28th June 2018
Do you have questions about credit cards or are you looking to apply for your first credit card? Check out our FAQ on credit cards for all the need-to-know information.
Post Image
How To Pay TNB Bills With Boost, GrabPay, And Touch ‘n Go eWallet
Pang Tun Yau
- 13th February 2020
In recent months, e-wallets (and even Shopee and Lazada) began offering bill payment options, which means Malaysians can […]
Post Image
Which Credit Cards To Use To Reload E-Wallets?
Pang Tun Yau
- 19th June 2019
What credit cards can we use to reload e-wallets to still earn cashback and rewards points?
Post Image
The Difference between Gold, Platinum and Premium Credit Cards
Winnie Wu
- 8th August 2014
Ever stare at a credit card catalogue and wonder what the differences were between Gold, Platinum and Premium credit cards? Its' actually not as complicated as you may think!

Related articles

Related Posts Image
Related Posts Image

HSBC Malaysia Launches New TravelOne Credit Card

Jacie Tan -
2nd February 2021
Related Posts Image
Related Posts Image