AmBank Revises AmBonus Points Redemption Rates

by Pang Tun Yau

Credit Card News

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 or
1,000 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)