AmBank Cosway MasterCard Platinum credit card

AmBank Cosway MasterCard Platinum

Nothing rewards you like the AmBank Cosway MasterCard Platinum, with up to 3X rewards points to collect for every transaction at Cosway

  • 15% p.a. interest rate
  • 20 days interest-free period
  • 4.99% p.a. balance transfer over 6 months
  • Easy Payment Plan (EPP)
  • RM0.00 annual fee
  • Earn up to 3x reward points 

Apply online now for AmBank Cosway MasterCard Platinum

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Because you should be rewarded for giving the bank your business

With every Ringgit you spend at Cosway, you earn up to 3X Cosway Points that allows you to redeem anything on-the-spot at over 850 Cosway Stores, Cosway Pharmacies, and Country Farm Organic Stores. Not only that, enjoy fantastic discounts and promotions all year long!
AmBonus Points
3 points on every RM1at Cosway outlets
2 points on every RM1on all overseas retail expenses
1 point on every RM1on all local retail expenses
Your AmBonus Points earned expires in  3 years
Balance Transfer
AmBank AmTransfer offers interest rates from 4.99%p.a. and payment terms up to 24 months.
Pay OverWith Interest Rate AtWhen You Transfer
6 months4.99% p.a. and no one-time upfront handling feefrom RM1000 
12 months8.99% p.a. and no one-time upfront handling feefrom RM5000 
24 months8.99% p.a. and no one-time upfront handling feefrom RM5000 
36 months8.99% p.a. and no one-time upfront handling feefrom RM1000 
Learn more about AmBank AmTransfer
Easy Payment Plan (EPP)
AmBank EPP offers zero interest for up to 24 months payment on retail purchases from a range of approved merchants. No penalty fee for early payment. Pay instalment interest as low as 3% on all the other purchases.
Pay OverWith Interest Rate AtWhen You Spend
6 months3% p.a. and no one-time upfront handling feefrom RM500 
12 months4% p.a. and no one-time upfront handling feefrom RM2000 
18 months5% p.a. and no one-time upfront handling feefrom RM4000 
24 months6% p.a. and no one-time upfront handling feefrom RM5000 
Learn more about AmBank AmFlexi-Pay

Fees & Charges

There are always fees but how much are they?

Annual Fee
  • Free for life
  • Free for life for first 3 Supplementary cards
Annual Fee for Supplementary Card
Minimum monthly payment
RM50 or 5% of outstanding amount
Late payment fee
RM10 or 1% of outstanding amount, up to a maximum of RM100
Cash withdrawal fee
RM15.90 or 5.30% of withdrawn amount, whichever is higher
Interest Rate on Cash Withdrawals
Contact-less Payment Methods

All fees & charges are inclusive of 6% GST if applicable


Are you eligible for this credit card?

Minimum annual income
Minimum age for primary card holder
21 years old
Minimum age for supplementary card holder
18 years old
Who can Apply


Get some extra help from your credit card when you need it most

Easy Payment Plan
AmBank AmFlexi-Pay
Easy payment plans (EPP) are great for large purchases that you want to pay off over a period of time.
Cash Advance / Cash Loan
AmBank QuickCash
Cash Advance is a loan against the credit limit of your card at a reasonable rate.
Balance Transfer
AmBank AmTransfer
Balance transfer allows you to consolidate debt from your other credit cards onto this card.

AmBank Cosway MasterCard Platinum review

What's so good (or not so good) about it?

No Annual Fee

AmBank Cosway MasterCard Platinum offers free annual fee for life without any conditions attached. For the supplementary cards, the first 3 cards are also free of charge from annual fee forever.

Extra Reward Points

Earn AmBonus Points everytime you spend. For local purchases, you will be rewarded with 1 AmBonus Point on every RM1 spent. For overseas purchases, on the other hand, the AmBonus Points are doubled.

All your purchases at Cosway will be rewarded with 3x Cosway Points. Despite of the high reward points, the points can only be used for redemption at Cosway, Cosway Pharmacy and Cosway Country Farm Organic.

0% EPP

With AmBank Easy Payment Plan, you can enjoy zero interest instalment for larger purchases. The plan offers 3 or 6 months’ instalment with purchase of at least RM500. Last but not least, this offer is only valid for participating merchants.

For all the other purchases, you can opt to AmBank AmFlexi-Pay with affordable interest rate.

  • 3% p.a. for 6 months EPP for minimum spending of RM500
  • 4% p.a. for 12 months EPP for minimum spending of RM2000
  • 5% p.a. for 18 months EPP for minimum spending of RM4000
  • 6% p.a. for 24 months EPP for minimum spending of RM5000

4.99% Balance Transfer

You can consolidate all your outstanding balance from other credit cards and transfer to AmBank Cosway MasterCard Platinum to enjoy low balance transfer rate with AmBank AmTransfer. The best thing is that there's no hidden charges or one-time upfront handling fee.

The interest rates of AmBank AmTransfer are as per below:

  • Pay over 6 months with 4.99% p.a. when you transfer from RM1000
  • Pay over 12 months with 8.99% p.a. when you transfer from RM5000
  • Pay over 24 months with 8.99% p.a. when you transfer from RM5000

Despite low interest rates, it is better to make sure you make repayments on time and clear the outstanding balance within the agreed period. Otherwise, the interest rate will revert to the standard credit card management rate of up to 18% p.a.

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