Bank launches credit card to help users amid new normal

AMBANK and Visa have entered into a strategic partnership to launch a cash rebate credit card.

The AmBank cash rebate credit card is designed to meet the needs of customers in the new normal.

It rewards through cash rebates on groceries, items purchased at the pharmacy and online purchases (including e-wallet reloads), with the aim of aiding current consumer spending behaviours on essentials.

With this credit card, customers get up to 8% cash rebate on these categories.

“In view of the current spending behaviours, we are launching a card to suit our cardholders’ needs,” said AmBank retail banking managing director Aaron Loo.

“That is the reason why we have chosen these three categories of groceries, pharmacy and online purchases to make essentials more affordable for our customers,” he said.

Customers can enjoy cash rebate on necessities when they buy groceries at various prominent grocers as well as pharmacies.

They will be rewarded with unlimited 0.1% cashback on all other eligible retail spend. The new card also offers 10% credit card interest rebate.

Customers can enjoy all these features at no fee, as the annual fee for this card will be waived.

“The pandemic has accelerated the adoption of digital commerce.

“From our data, one in five active Visa cardholders who did not make an online purchase last year, did so during the first half of this year,” said Visa country manager for Malaysia Ng Kong Boon.

“The top categories include essential goods, which is aligned with the cashback rewards that we are giving our cardholders.”

As part of the launch offer, new card applicants will be eligible for an additional 30% cashback when they apply, activate and spend a minimum of RM500 from now until Dec 31.

AmBank cardholders will also enjoy RM30 cashback, RM30 off or 30% off from merchant stores under the bank’s recently launched Amazing 30 promotion campaign.

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AmBank , Visa , cash rebate , credit card


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