Rewards for Loyalty
Enter the emporium of free gifts with Affinbank MasterCard Classic - with every Ringgit transacted on retail purchases, you will earn 1x AFFIN Rewards Points, a new loyalty program from Affin Bank lets you do what you do best and then reward you with a slew of benefits under the program.
How to get rewarded? You can visit the bank's reward program website to browse through the catalogue of free items you can redeem with your accumulated rewards points - let this be your motivation.
Also, there are ways to speed up your points collection: (1) sign up on other Affin Bank's products and services, or (2) encourage your supplementary cardholders to spent (or sign up for ones if you don't have any yet).
Annual Fee Waiver
The annual fee for Affinbank MasterCard Classic is waived for the first year. The fee is also waived for the subsequent year, provided that you spend a minimum of RM12000 per year. The spending includes the retail and cash advance transactions. Otherwise, the annual fee costs you RM53 for the principal card or RM37.10 for each supplementary card.
Complimentary Travel Insurance
Enjoy peace of mind when you travel overseas. Affinbank MasterCard Classic offers free travel insurance of up to RM250000 when you charge your full ticket fares to the card.
Affinbank MasterCard Classic also compensates the travel inconvenience coverage.
- Up to RM250 for baggage delay
- Up to RM500 for baggage lost
- Up to RM250 for flight delay
- Up to RM250 for flight misconnection
For family coverage, the sum assured amount is doubled. Bear in mind that the insurance coverage is underwritten by AXA Affin General Assurance Berhad.
Low Interest Rate
The credit card interest rate is usually known as the finance charge. Your account will attract the interest rates when you do not make the minimum or full monthly payment of the outstanding balance from the previous month's statement.
The minimum monthly payment is 5% of the outstanding balance or RM50, whichever is higher by the payment due date. However, it's not encouraged to pay only the minimum payment for each month. This will cause you to pay more in interest and takes you a longer period to settle your outstanding balance.
For all retail transactions, you will get a rebate of 7.51% p.a. if you make the minimum payment before or by the payment due date. In other words, the interest rate is 9.99% p.a.. On the other hand, if you make the minimum payment after the payment due date, the interest rate will be RM17.5% p.a..
Affinbank MasterCard Classic offers interest-free period for up to 20 days on all of your retail transactions, excluding the cash advance transactions. However, your outstanding balance from the previous month does not qualify for the interest-free period.