Annual Fee Waiver
Affinbank Visa Classic is exempted from annual fee for the first year. This saves you RM53 for the principal card and RM37.10 for each supplementary card.
No worries, the annual fee waiver is coming along for the subsequent years - just spend a minimum of RM12000 in a year. There are no hidden conditions attached.
As long as you're 21 years old and above, you are qualified to hold Affinbank Visa Classic. Share your card benefits to your loved ones by applying for supplementary cards. The minimum age is 18 years old.
Unlimited Cashback
Every Ringgit you spend on retail transactions is taken into account for cashback. If you make retail purchases of more than RM100 a month, you can enjoy 0.4% cashback of AFFIN Bonus. Besides that, if you spend more than RM1500 a month, you will get unlimited 0.8% cashback.
However, retail transactions that qualify for cashback do not include petrol and government-related expenses.
Complimentary Travel Insurance
The travel insurance is important as it covers your cost if any unfortunate incidences happen during your travel period. Affinbank Visa Classic gives you RM250000 travel insurance coverage for free. You will be covered automatically when you charge the full air fare to the card.
It's not a good travel memory when you experience luggage loss due to the airport transfer. Affinbank Visa Classic will provide compensation of up to RM500. Besides that, you will receive travel inconvenience coverage on flight delay, flight missed connection and luggage delay for up to RM250 each. The family coverage is 2x the sum assured of each individual.
Cash Withdrawal
The cash withdrawal is also known as cash advance. This service allows you to withdraw cash from ATM machines or over the counter ( OTC) at banks. You may perform the cash withdrawal for up to 3 transactions per day. The limit is set at 25% of your credit card limit or available credit limit, whichever is lower.
However, the cash withdrawal service is not given for free. The charges are definitely higher if you compare to debit cards. It is 5.3% of withdrawn amount or a minimum of RM21.20, whichever is higher for domestic cash advance. The cost is slightly lower for cash advance at overseas, which is 5% of withdrawn amount or a minimum of RM20, whichever is higher.
On top of that, the credit card interest rate of 17.5% per annum will be incurred on your statement balance if you do not make the full payment by due date. Unlike credit card spending, the cash withdrawal does not qualify for 20 days’ interest-free period.