PB PLATINUM MASTERCARD CARD

FEES AND CHARGES

1. Credit Card Service Tax
   With effect from 1 January 2010, there will be service tax imposed on credit card as follows:
   i. RM50 per annum on the Principal Card; and
   ii. RM25 per annum on each Supplementary Card
   
   The service tax will be collected on the date the card is issued, on the completion of each year or on the date of renewal of the card. This means that the abovementioned service tax shall be levied on new credit card issued effective from 1 January 2010. For existing credit cards issued before 1 January 2010, the service tax shall be levied upon anniversary of card issuance.
   
   
2. Annual Fee
   Principal: RM333
   Supplementary: RM150
   
   Free For Life (Principal & Supplementary Cards) - Full 1st year annual fee waiver &
   subsequent years annual fee waiver is based on a minimum of 12 swipes over the
   proceeding 12 months. Subject to minimum of 1 retail transaction made in a month.
   
   
3. Finance Charge
   

   Repayment Behaviour Interest Rate a. With prompt minimum repayment for 12 months within 12 consecutive months. 13.5% p.a of the total outstanding balance from the 13th month. b. With prompt minimum repayment for 10 months and more within the last 12 consecutive months. 16% p.a of the total outstanding balance from the 13th month. c. Credit cardholder who do not meet the above criteria. 17.5% p.a of the total outstanding balance.

   Note: The tiered finance charges are only applicable to the outstanding balances arising from retail transactions. Balances accrued from Cash Advance will be charged finance charge at 18% p.a.
   
   
4. Cash Advance
   

   Public Bank Branches/ATMs	5.0%
   Affiliated Banks and Financial Institutions Worldwide	5.0%

   
   A one time cash advance fee will be charged for the amount of cash advance or a minimum of RM20. IN ADDITION, finance charge will be computed on each cash advance calculated from the date the cash is advanced until the date it is settled in full.
   
   Enjoy immediate cash advance (100% of the available credit line) at MasterCard/Cirrus ATMs of affiliated banks and financial institutions all over the world, and through Public Bank's own network of branches and ATMs nationwide. Memorise the PIN in order for cash advance over the ATMs.
   
   Subject to available credit balance.
   
   
5. Minimum Monthly Repayment
   5% of the outstanding balance or a minimum of RM50
   
   
   
6. Late Payment Fees
   Failure to make the Minimum Payment by the Due Date, a further charge of a minimum of RM5 or 1% of total outstanding balance as at statement date, whichever is higher, capped to a maximum of RM50, shall be debited to the Card Account.
   
   
7. Interest-Free Period
   A 20-day interest free period on all retail transactions, provided all outstanding balances of the previous month, as per the monthly statement, are fully settled within the due date.
   
   Where the Interest-Free Period is not applicable, finance charges as per applicable tiered rate per month will be levied on all retail transactions from the date the retail transcations are posted.
   
   

   Note:

   Retail Transactions exclude Cash Advance, Balance Transfer and any other credit plans.

8. Conversion of Overseas Transactions
   Transactions incurred will be converted to Ringgit Malaysia using US$ as the base currency on the date the item is received and/or processed at such exchange and at such time as may be determined by Visa International/MasterCard Worldwide at its absolute discretion plus administration cost of 1.25%. The exchange may differ from the rate in effect on the date of the transaction due to market fluctuations. Such rate imposed shall be final and conclusive and the Cardmember shall bear all exchange risks, losses, commission and other bank charges which may thereby be incurred.
   

VIP POINTS

Every Ringgit of retail purchase transacted with the PB Platinum MasterCard Card will earn VIP Points. These loyalty points may be used to redeem free holiday tour packages, airline tickets, hotel accommodation and other premium products from time to time. If preferred, VIPs may be converted to Cash MegaBonus.

Example: A total of RM33,000 on retail purchases in a month, will receive 82,500 VIPs (RM33,000 x 2.5 VIPs). VIP Points earned are valid for 3 years, based on the Posting Date of Transactions.

CREDIT LINE

Where the Cardmember operates two or more cards with the Bank, a total Combined Credit Line will be extended to cover the use of all the cards held by the Principal Cardmember and the Supplementary Cardmember(s), if any. If preferred, the Supplementary Card may be nominated with a separate Credit Line from a minimum of RM1,000. Emergency temporary Credit line extension will depend on circumstance and payment record.

IMPORTANT

For processing, please remember to enclose:

• Photostat copy of NRIC (both sides) or Passport and Work Permit for Non-Malaysians (including Supplementary Applicant's), and
• Latest Income Tax return (Form B), and
• Latest Salary Slip or letter from employer confirming length of service, income and position held.
• Form 9, 24, 49/Business Registration Certificate if self-employed, and
• Latest 3 months' bank statements (Savings/Current Account), and
• Any other income-supporting documents.

FOR PRINCIPAL CREDIT CARDHOLDER OF A PLATINUM CREDIT CARD THAT IS ISSUED IN MALAYSIA AND VALID WORLDWIDE FOR AT LEAST 6 MONTHS, JUST ENCLOSE:

• Photostat copy of NRIC (both sides) or Passport and Work Permit for Non-Malaysians (including Supplementary Applicant's), and
• Photostat copy of Platinum Credit Card (front only), and
• Photostat copy of latest Platinum Credit Card statement.

Please note that documents are non-returnable.

MINIMUM ANNUAL INCOME : RM 80,000
MINIMUM AGE : PRINCIPAL 21, SUPPLEMENTARY 18

For Public Bank Fixed Deposit (FD) customers who opt to apply PB Credit Card secured by FD, the credit line assigned will be based on the FD Pledged amount at a ratio of 1:1. To apply, please personally submit your application at your FD account holding branch and bring along your FD certificate for verification and photostat copy of your NRIC (both sides).

UPON FILLING-IN THE APPLICATION FORM, PLEASE ALSO FAX OR MAIL THE SAME TO PUBLIC BANK WITH THE RELEVANT DOCUMENTS FOR PROCESSING

.:Back to previous page