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Affin Bank Credit Card Malaysia

By: EconomyWatch Date: 6 October 2010

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Affin Bank Credit Card Malaysia is available with the brand logo of Visa or MasterCard. Affin Bank credit cards are low interest rate credit cards. The interest on these cards range from 9.99% to 17.50% per annum. The bank does not charge any annual fee on these cards.

Affin Bank Credit Card Malaysia: Issuer’s History

Affin Bank Berhad, popularly known as Affin Bank, is an ancillary of Affin Holdings Berhad. Established in January 2001, it is a small anchor bank. However, it has grown into a network of 82 branches across Malaysia in 2009. The bank is listed on Bursa, Malaysia. It launched its subsidiary, Affin Islamic Bank Berhad, in 2006.

Affin Bank Credit Card Malaysia: Types

Affin Bank Credit Card Malaysia is available in seven different versions to cater to various income groups:

Affin Bank MasterCard Classic and Affin Bank Visa Classic

Travel insurance cover up to RM250,000
Complementary travel inconvenience cover up to RM500 and RM1,000, respectively
Zero liability on lost card
Protection from online fraud
Up to 30% discount on car rentals across the nation

Affin Bank MasterCard Gold and Affin Bank Visa Gold

Travel insurance cover up to RM500,000
Free insurance for travel inconvenience up to RM1,000 and RM2,000, respectively
Up to 5% cash rebate on purchases and payments with the card
Flexible repayment option, as low as 5% of outstanding amount

BH Petrol Touch & Fuel MasterCard

Low finance charges at 15% per annum or 1.25% per month
Low balance transfer rate of 6.88% per annum for the initial six months
Cash rebate of up to 0.8% on credit purchases
Free petrol credit of RM20
Accidental travel insurance up to RM30,000

Affin Bank Touch ‘n Go MasterCard Classic/Gold

The Touch n’ Go MasterCard can be used across the highways of Malaysia, select parking sites, theme parks and public transportation. This card is suitable for low value transactions with high frequency. Cardholders can save time, since they can use dedicated lanes for paying the toll tax.

Affin Bank Credit Card Malaysia comes with a protection plan called ‘Affin Protector.’ It pays up to RM50,000 in the event of complete disability or death of the cardholder against the full outstanding balance on the credit card.

MasterCard’ is a trademark of the MasterCard Company, who can be found at www.mastercard.com/sea/

‘Visa’ and ‘Visa Cards’ are trademarks of the Visa Company, who can be found at www.visa-asia.com/ap/sea/

‘Affin Bank Credit Cards’ are trademarks of the Affin Bank Berhad, who can be found at www.affinbank.com.my/