{"id":17634,"date":"2020-10-04T20:00:00","date_gmt":"2020-10-04T12:00:00","guid":{"rendered":"https:\/\/www.comparehero.my\/blog\/uncategorized\/new-ambank-cash-rebate-platinum-card.html"},"modified":"2026-03-26T16:02:09","modified_gmt":"2026-03-26T08:02:09","slug":"new-ambank-cash-rebate-platinum-card","status":"publish","type":"post","link":"https:\/\/www.comparehero.my\/blog\/bank-news\/new-ambank-cash-rebate-platinum-card.html","title":{"rendered":"4 Things We Love About The New AmBank Cash Rebate Visa Platinum Card"},"content":{"rendered":"\n

The pandemic has brought about a different spending behaviour for many people. For one, most of us are doing our shopping online regardless of what we\u2019re buying. Online shopping may have once been seen as a novel idea, but it is practically an essential in this New Normal.<\/p> \n

We\u2019re also becoming increasingly concerned over our health – we\u2019re stocking up on our personal supply of masks, sanitisers, and vitamins, just to name a few.<\/p> \n

With that being said, our friends at AmBank<\/a> have recently introduced a brand new credit card – the AmBank Cash Rebate Visa Platinum Card<\/strong> – to suit the needs and behaviours of consumers in this era.<\/p> \n

We took a quick look at what this card features, and here are 4 main reasons why we love it so much:<\/p> \n

1. You can get up to 8% cash rebate on grocery, pharmacy & online spends<\/h2> \n

If you\u2019re already spending, might as well get rewarded for it. The AmBank Cash Rebate Visa Platinum Card rewards you with up to 8% cashback when you use the card to pay for your online shopping purchases. This card cannot be any more ideal if you find yourself spending more time on Lazada and Shopee (or other online shopping sites!) than you do in a physical store.<\/p> \n

The cashback reward is also yours to claim if you use the card to shop in supermarkets (i.e. Giant, Tesco, AEON Group, MYDIN, Village Grocer, Jaya Grocer, Cold Storage, Mercato, Econsave, Everrise & Servay) and pharmacies (i.e. Guardian, Watsons, Caring Pharmacy, GNC, Health Lane Pharmacy, AA Pharmacy, Big Pharmacy & AEON Wellness).<\/p> \n

If you want to learn more about how the cashback rebate works, this table would be useful:<\/p> \n \n \n \n \n \n \n
Tier<\/strong><\/td> \n Total Monthly Spend (RM)<\/strong><\/td> \n Cash Rebate<\/strong><\/td> \n Monthly Capping per Category<\/strong><\/td> \n <\/tr> \n
1<\/td> \n RM1,500 & above<\/td> \n 8%<\/td> \n RM15<\/td> \n <\/tr> \n
2<\/td> \n RM500 \u2013 RM1499.99<\/td> \n 1%<\/td> \n RM5<\/td> \n <\/tr> \n
3<\/td> \n RM0 \u2013RM499.99<\/td> \n 0.10%<\/td> \n Unlimited<\/td> \n <\/tr> \n <\/tbody> \n<\/table> \n

Click here<\/a> for full terms and conditions.<\/p> \n

2. You can enjoy unlimited 10% interest rebate<\/h2> \n

Not to be confused with a cashback rebate, this card actually gives you a 10% rebate on your interest charges. This rebate is activated only if your retail spend accumulates at RM500\/month.<\/p> \n

If you\u2019re not sure what that means, here\u2019s a 101 on how it works.<\/p> \n

Now, when you use a credit card, you will accumulate some debt. This is otherwise known as a \u2018balance\u2019. At the end of your billing cycle, you will be given a statement which lists down all the transactions you made and your total balance for the cycle\/month.<\/p> \n

It’s a good habit to clear off your balance immediately, as this protects you from getting charged any interest fees. If you only pay the minimum instead of the entire sum, you will still be charged an interest fee according to Bank Negara\u2019s terms. This interest charge can be pretty hefty, and ranges from 15% p.a. to 18% p.a. depending on how well you repay your debt.<\/p> \n

So here\u2019s what the AmBank Cash Rebate Visa Platinum Card can offer you in these cases. If you have an outstanding balance (again, provided your retail spend goes above RM500\/month), you\u2019ll get a 10% rebate on your interest charges.<\/p> \n

We won\u2019t usually encourage you to carry over a single cent in your balance, but we understand that it can be difficult to pay off a large purchase, all at once. For times like this, it\u2019s nice to know that this card gives you some breathing room so that your debt can be a little more manageable.<\/p> \n

3. You get platinum benefits at minimum qualifications<\/h2> \n

In order to qualify for a credit card in Malaysia, Bank Negara has set a rule that one must earn a minimum salary of RM24,000\/year. That averages out to RM2,000\/month, a figure that\u2019s generally close to what most average office workers earn in their first job.<\/p> \n

As such, they will only be able to qualify for entry level cards (also known as Gold cards). Platinum cards would typically come next, requiring a higher annual salary to qualify. Platinum cards also feature more attractive rewards and benefits too. It goes without saying that it also enhances the cardholder\u2019s status.<\/p> \n

The AmBank Cash Rebate Visa Platinum Card bridges that by offering platinum benefits at minimum requirements:<\/p> \n