Hong Leong Bank launches new Wise credit card
Date: Jan 18, 2013
Categories: Retail Banking
Keywords: Hong Leong Bank
Kuala Lumpur, January 15th 2013 - Consumers now have a choice of 10% cash back benefit from as many as 10 reward categories, thanks to the new Hong Leong Wise Credit Card, launched today in association with Visa International.
"With the Hong Leong Wise Credit Card we wanted to offer our customers the flexibility of choosing categories that will give them maximum rewards any time, every day. By giving customers the power of choice, this card could help them towards saving money every time they spend on the card by providing cash back," said Ms Moey Tan, Hong Leong Bank''s Chief Operating Officer, Personal Financial Services.
This innovative card promises customers an attractive and transparent rewards programme that's different from other cards currently available in the market. Customers can choose any two categories relevant to their lifestyle in order for them to maximise the monetary rewards. The Hong Leong Wise Credit Card offers 10% cash back for transactions on petrol, dining, groceries, departmental stores, pharmacies, utility bills, travel, bookstores, and entertainment categories. Additionally, Hong Leong Bank will award a bonus category to allow for cash back for mobile telecommunications transactions.
To receive cash back, customers just need to swipe at least 10 times per month on their credit card at a minimum of RM50 per transaction. Spend on principal and supplementary cards can be combined to make up the required transactions. A customer can earn up to a maximum of RM100 cash back monthly and have the option to change their reward categories at any time at a minimal cost of RM10 per change.
In conjunction with the launch, new Hong Leong Bank customers who sign up for the Hong Leong Wise Credit Card will receive a waiver for the 1st year annual fee plus a RM50 cash rebate. Product terms and conditions apply.
Re-disseminated by The Asian Banker