With Hong Leong Essential, you will definitely get some cashback of up to 1% on all valid local and international retail transactions*. No minimum spending is required. And, there is no cap at all!
For all the retail transactions, be it on dining or shopping, you can earn 0.4% cashback on the first RM7,000 spending. If you spend more than that, you are eligible for unlimited 1% cashback.
The more you spend, the more cashback return you will get. Besides that, you can enjoy unlimited 0.4% cashback on insurance transactions with no minimum spending is required.
Valid retail transactions (both local and international) exclude petrol transactions, payment plans, finance charges, cash advances, government, JomPAY, betting & gaming related transactions
The annual fee is waived for life when you swipe the Hong Leong Essential card with a minimum 12 retail transactions per annum or RM8,000 retail spend in a year. Otherwise, the annual fee is RM100 for the principal card and RM50 for each supplementary card.
Low Cash Advance Interest Fee
The cash advance service allows you to withdraw cash for up to 70% of your credit limit with your Hong Leong Essential, with a low interest rate of 10.8% per annum. Do note that the Bank reserves the right to charge the standard rate of 18% per annum if there's any default in payment due to the Bank. The withdrawals can be made via 1.5 million ATMs in 200 countries and territories or over the counter at any Hong Leong Bank branches.
However, Hong Leong Bank imposes a fee on each of the withdrawal with lower charges at only 2% of the withdrawal amount or minimum RM5, whichever is higher for each transaction.
Bear in mind that Hong Leong Bank reserves the right to impose the standard rate of 5% or minimum RM20 (subject to Government Tax, if applicable) per transaction, whichever is higher.
You can enjoy zero interest repayment on your big purchases with Hong Leong Extended Payment Plan ( EPP). The repayment period of your choice is either 3, 6, 12, 18, 24 or 36 months, depending on the plan offered by the participating merchants.
The minimum spending amount is RM500. Worry not, there is no hidden charges.
For all the other retail purchases, you can opt for Hong Leong Flexi Payment Plan (FPP). This plan offers you the interest rate of 8.99%p.a. for all tenures.
- For 6 months' instalment, the minimum spending is RM500.
- For 12 and 18 months' instalment, the minimum spending is RM1,000.
- For 24 and 36 months' instalment, the minimum spending is RM2,000.
As long as you fulfill the requirement, you can contact Hong Leong Call Center at 03-7626 8899 to convert your purchases to FPP to your preferable instalment tenures.
Remember that you have to settle your repayment within the agreed tenures, otherwise the standard finance charges of up to 18%p.a. will be imposed on the balance.