How to Apply to AmBank Cash Rebate Visa Platinum Credit Card

The AmBank Cash Rebate Visa Platinum Card is a top-tier credit card offering strong cashback rewards and benefits. With generous rebates on everyday spending categories, perks like travel insurance, and no annual fee, this card provides excellent value to cardholders. Read on to learn more about how the AmBank Cash Rebate Visa Platinum Card can benefit you.

Benefits

The AmBank Cash Rebate Visa Platinum Card offers:

• Up to 8% cash rebate on groceries, pharmacy, and online purchases
• Unlimited 10% interest rebate when meeting minimum monthly retail spend
• Contactless payments with Apple Pay
• Travel insurance covering up to RM500,000 when purchasing flights
• 0% Easy Payment Plan for purchases at partner merchants
• AutoBillPay to automate bill payments
• eStatements available
• Excess limit service for a fee

With categories like groceries, pharmacy, and online shopping eligible for high rebate rates, the AmBank Cash Rebate Card allows you to earn cashback on many of your everyday purchases. The unlimited 10% interest rebate also helps reduce the cost of any credit card debt.

Additional benefits include complimentary access to Plaza Premium airport lounges when traveling internationally, where you can enjoy premium amenities. Cardholders also receive 15% discount on Best Denki stores nationwide when you spend a minimum of RM1,000 in a single receipt.

For your convenience, the AmBank Card comes with free RFID protection to safeguard your accounts against unauthorized digital scanning. And you’ll have access to the Visa Luxury Hotel Collection to book stays at over 900 luxury properties worldwide.

With the myAmBank mobile app, you can manage your credit card anywhere securely. The app allows you to pay bills, check balances, temporarily lock your card if misplaced, and more.

As a premium cardholder, you’ll also receive invites to exclusive events, promotions and experiences throughout the year. Take advantage of VIP access to product launches, gallery openings, pop-up dinners, and other special events.

Prerequisites

To apply for the AmBank Cash Rebate Visa Platinum Card, you must:

• Be at least 21 years old
• Have a minimum annual income of RM24,000

About AmBank

AmBank Group is a leading financial services company in Malaysia with over 40 years of experience serving the nation. The bank provides a wide array of consumer and business banking products, both conventional and Islamic.

With an extensive network of over 200 branches and 2,200 self-service terminals, AmBank serves over 3 million retail customers nationwide. As an innovative institution, AmBank integrates the latest technology into its banking solutions to improve customer experience.

AmBank offers complete banking services including deposits, financing, investments, insurance, credit cards, and more. The bank employs over 5,000 people and maintains a strong focus on responsible lending and community development.

Who is this card for?

The AmBank Cash Rebate Visa Platinum Card is a great option for those who want to earn cashback on frequent everyday purchases like groceries, pharmacy items, online shopping, and more. With high rebate rates in these categories, the card provides significant savings for regular spenders.

The unlimited 10% interest rebate also benefits those who may carry a balance month-to-month, helping reduce interest fees. Frequent travelers can take advantage of the included travel insurance when booking flights with the card.

Overall, this card is ideal for individuals who make regular purchases in the bonus categories and want to maximize cashback earnings. The benefits cater well to grocery shoppers, commuters, online shoppers, travelers, and anyone who spends consistently each month.

Step by step to apply for the card

Applying for the AmBank Cash Rebate Visa Platinum Card is simple:

1. Go to the AmBank website
2. You can find a form at the bottom of the page
3. Fill in the required personal and financial details in the form. Make sure to have identification documents ready.
4. Read and agree to the product terms and conditions.
5. Submit the completed application form online.

Be sure to provide accurate information to increase your chances of approval. Within 10 days, you’ll receive notification from AmBank regarding your application status.

Positives and negatives of the card

Positives:

• Lucrative cashback earning rates in bonus spend categories
• Unlimited 10% interest rebate helps reduce credit card debt
• Travel insurance provides protection when booking flights
• No annual fee keeps costs down

Negatives:

• Requires at least RM24,000 minimum annual income to qualify
• Cashback caps may limit earnings for big spenders
• Interest rates on unpaid balances can be quite high
• Card not widely accepted internationally outside Malaysia

While the card has exceptionally strong cashback rewards potential, it does require a decent income to qualify and charges high interest rates beyond the interest rebate. For big spenders, the cashback caps may restrict potential earnings. Though the card is an excellent option for local spending, acceptance may be limited for international travel.

How to unlock the card?

Once you receive your new AmBank Cash Rebate Visa Platinum Card, follow these steps to activate it:

1. Call the AmBank Contact Centre at +603-2178 8888.
2. Provide the agent with your full name, IC number, and the last 4 digits of your new card number.
3. The agent will then guide you through the verification process, which may include answering security questions.
4. After identity verification, inform the agent you wish to activate your new credit card account.
5. The agent will activate your card instantly. You’ll receive a confirmation message when it’s unlocked and ready for use.

Be sure to sign the back of your new card immediately. You can then begin using it for purchases right away by adding it to digital wallets or presenting it at checkout. Activating the card enables you to start earning cashback rewards.

Fees and Tariffs

Here are the main fees and charges for the AmBank Cash Rebate Visa Platinum Card:

• No annual fee
• Interest rate of 15% per annum on outstanding balances
• 2% fee on excess limit usage above assigned credit limit
• 3% processing fee on overseas transactions
• RM10 monthly statement fee if not registered for eStatements
• Up to RM50 stamp duty payable on principal and supplementary cards

While there is no annual fee, interest rates are quite high at 15% p.a if you carry an unpaid balance. Exceeding your credit limit also incurs a 2% charge on the excess amount. As a premium travel rewards card, there are no foreign transaction fees, but a 3% processing fee still applies.

Overall, the card has minimal fees, but interest rates are on the high side. Avoid paying interest by settling your balance in full each month.

Customer Service

You can contact AmBank card customer service through the following channels:

• Phone: +603-2178 8888
• Email: [email protected]
• Website
• Online Chat: Available via AmBank website
• Visit any AmBank branch location
• Mobile App:

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AmBank provides 24/7 customer service support via phone, email, web chat, mobile app, and in person at branches. Contact them if you have any questions or need assistance regarding your AmBank Cash Rebate Visa Platinum Card.