1% cashback on retail spending
Low cash advance interest rate starting at 10.8% per annum
1% cashback every month
Hong Leong Essential Card
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- Min. Monthly Income
- RM 2000
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- Interest Rate
- 15% p.a.
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- Cashback
- Unlimited
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- Annual Fee
- RM 100
"Earn up to 1% cashback on all retail spending, and enjoy a low cash advance at an interest rate starting at 10.8% per annum!
"
iMoney Editor's Review
Key Features
Benefits on...
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Petrol
1% cashback every month -
Dining
1% cashback every month -
Entertainment
1% cashback every month -
Groceries
1% cashback every month -
Shopping
1% cashback every month
More details
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Eligibility/Documents
- Min. Monthly Income
- RM 2000
- Min. Age for Principal Holder
- 21
-
Fees and charges
- Annual Fee
- Free with minimum of 12 card swipes or retail spending of RM8,000 per annum
Other Fees and charges
- Late Payment Charges
- Higher of RM10 or 1% of outstanding balance, up to a maximum of RM100
- Finance Charges
- 15% p.a. – prompt payment for 12 consecutive months
- 17% p.a. – prompt payment for at least 10 out of 12 months
- 18% p.a. – if the above are not met
- Sales and Services Tax (SST)
- 0% on annual fee and other charges
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Supplementary Card
- Min. Age for Supplementary Holder
- 18 and above years old
- Fee for Supplementary Holder
- RM50
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Cash Advance
- Amount
- Up to 70% of credit limit
- Charge
- higher of 2% of cash advance amount or RM5
Other cash advance info
- Cash Advance Interest Charge
- 10.8% per annum on cash advance amount
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Others
- Rewards Points Expiry
- N/A
Other benefits
- Balance Transfer
- 6.99% per annum for a tenure of up to 12 months
- Instalment Plan
- 0% interest Instalment Payment Plan at all participating merchants
- Cashback Limit
- Up to 1% unlimited
Balance Transfer to any Hong Leong credit cards
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Review by iMoney
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Spending with Hong Leong Essential Card gives you unlimited 1% cashback on every retail purchases. You will never have to fret over not having enough cash as this card provides you instant access to cash out from any Visa ATM with a fee of just 2% per withdrawal. With every cash advance transaction you make, you are entitled to a low rate of 10.8% p.a. Apart from that, Hong Leong Essential Card is accepted anywhere around the world.
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There is no annual fee if you make at least 12 swipes a year or retail spending of RM8,000 per annum, otherwise, it is RM106. For supplementary card, a fee of RM42.40 will be incurred. There is no cashback limit. Goods and Services Tax (GST) is included in the annual fee. Other than that, by settling your payments promptly on time (this means settling the minimum payment, 5% of the outstanding balance or RM50 whichever is higher) you get to enjoy a low finance charge of 15% per annum.
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To apply for Hong Leong Essential Card, you need a minimum income of RM2,000 and to be at least 21 years old.
Looking for more options to choose from? Our credit card experts, also recommend you to check out other similar credit cards such as [Hong Leong Gold Credit Card](https://www.imoney.my/credit-card/hong-leong/gold-card "Apply for Hong Leong Gold Credit Card") and [AmBank True Visa Card](https://www.imoney.my/credit-card/ambank/true-visa-card "Apply for AmBank True Visa Card"), which may match your requirements.
If you prefer to broaden your credit card search, review more [Hong Leong credit cards](https://www.imoney.my/credit-card/hong-leong "Hong Leong credit cards in Malaysia") and start comparing today!