Annual Fee Waiver
If you're looking for your first credit card, you can consider Affinbank MasterCard Basic that provides credit card benefits without the annual fee. The fee is waived forever with no hidden conditions.
Complimentary Travel Insurance
Affinbank MasterCard Basic offers automatic travel insurance of up to RM250,000 when you charge the full air ticket expenses on the card.
Besides that, the travel inconvenience insurance compensation is provided for free. For flight delays and misconnections, you will be compensated for up to RM250. If you get your luggage delayed, you will receive compensation of RM250.
Other than that, if your luggage is lost, you can get reimbursed up to RM500. The sum assured for family coverage is double.
The insurance coverage is underwritten by AXA Affin General Assurance Berhad.
Cash Withdrawal
Similar to the debit card, the credit card allows you to perform cash withdrawal. For credit card, the cash withdrawal is also known as cash advance.
Affinbank MasterCard Basic allows you to perform cash withdrawals for up to 3 transactions a day. However, there's a cash withdrawal limit, which is 25% of the credit card limit or the available credit limit, whichever is lower.
It is better to settle the withdrawal amount before the payment due date, otherwise, Affin Bank will charge you 17.5% p.a. on the outstanding balance. Unlike credit card spending, the interest-free period is not applicable on cash withdrawals.
Interest Rate Rebate
The credit card interest rate is also known as the finance charge, which starts from 15% p.a. up to 18% p.a., depending on how prompt you make you credit card bill payment every month. The minimum monthly payment is 5% of the outstanding balance or minimum of RM50, whichever is higher.
Easy Installment Plan (EiPlan)
The EiPlan helps to ease your financial burden on large purchase by converting the amount to affordable instalments within the chosen period. The maximum instalment amount depends on your available credit limit with all your Affin Bank credit cards.
You can opt for the instalment period of 6, 12, 18, 24 and 36 months.
Affin Bank offers zero interest on instalment, however, there's a one-time upfront fee. The minimum purchase requirement is different for each period.
- 2% for 6-month instalment with minimum purchase of RM500
- 4% for 12-month instalment with minimum purchase of RM1000
- 5% for 18-month instalment with minimum purchase of RM2000
- 6% for 24-month instalment with minimum purchase of RM2000
- 7% for 36-month instalment with minimum purchase of RM3000
If you are not able to make the repayment before the due date or pay lesser than the instalment amount, there's a finance charge of 17.5% p.a. which will be reflected in your instalment amount at the next statement.