Tired of being broke in the mid month only to find out it was all because of that credit card bill? Wishing you could make your money work for you? Then this is the card every Millenial should have.
No Annual Fees
AmBank TRUE Visa Credit Card is a card that offers zero annual fee for life without any additional conditions - this card just gets better and better!
The free annual fee benefit is available for both principal and supplementary cardholders. However, the annual fee for supplementary cards are free only for the first 3 cards.
Maximize your spending online and earn 3% cashback whenever you use your AmBank TRUE Visa Credit Card. So when you need to have some online retail therapy, know that you're making money while you spend.
This cash rebate is only applicable for online retail transactions and capped at RM30 per month. Not too sure what that means? Simply, the maximum spending eligible for cashback is RM1,000. Imagine that - you can save RM360 every year!
Low Interest Charges
The standard credit card interest rate can range from 15% to 18% p.a.. But the AmBank TRUE Visa Credit Card offers the lowest interest rate at 7.99% p.a. if you've settle your monthly minimum payment on time for the first year.
For the second years onwards, the interest rates is 12% p.a. - that's still a crazy low fee compared to the majority of credit cards in the market. However, the interest rate will shoot up to 18% p.a. if you're not able to settle your minimum payment for the previous month.
Bear in mind that the minimum monthly repayment is 5% of the outstanding balance or a minimum of RM50, whichever is higher.
Even More Savings
Compared to all other AmBank credit cards, AmBank TRUE Visa Credit Card offers significantly lower fees and charges!
The TRUE Card offers the cash advance fee of 5% of the withdrawn amount or a minimum of RM15.90, whichever is higher, whereas other AmBank credit cards require a minimum fee of RM53.
For the TRUE Visa Card, transactions made outside Malaysia does not require an additional 1% foreign exchange conversion on top of the daily published exchange rate - you'd thought that this is a great travel card too!