Visa · Conventional
HLB · MALAYSIA
Hong Leong Essential Credit Card
Min. annual incomeRM24,000RM2,000 / month equivalent
Principal annual feeRM100
Card networkVisaConventional card
Apple PaySupported
Google PaySupported
THE DETAILS
Benefit breakdown
Essential cashback
| Eligible category | Monthly eligible spend ≤ RM3,000 | Monthly eligible spend > RM3,000 | Cap |
|---|---|---|---|
| Insurance | 0.5% | 0.5% | Uncapped |
| Selected shopping / travel | 0.5% | 1% | Uncapped |
| Other eligible retail | 0.2% | 0.2% | Uncapped |
Categories are MCC-defined. Government / JomPAY / FPX, HLB Connect QR, DuitNow AutoDebit, cash / portfolio products and fees are excluded. Insurance remains 0.5% even above the spending threshold.
Fees & charges
- Principal annual fee
- RM100
- Supplementary annual fee
- RM50; applicable first-year / subsequent waiver conditions remain separate.
- Annual-fee waiver
- RM100 principal / RM50 supplementary; subsequent waiver requires RM8,000 annual retail spend per card.
- Retail interest / effective profit rate
- 15% / 17% / 18% p.a., based on prompt-payment history.
- Cash advance interest / profit
- 18% p.a., normally calculated daily without a retail grace period.
- Service tax
- RM25 for each principal / supplementary card; an annual-fee waiver does not waive this tax.
- Cash advance fee
- 5% or RM20, whichever is higher; applicable tax extra.
- Minimum monthly payment
- 5% of outstanding balance or RM50, plus monthly payment-plan / balance-transfer / ABC instalments where applicable.
- Late payment
- 1% of outstanding balance, minimum RM10 and maximum RM100.
- Foreign exchange
- Visa / Mastercard conversion rate plus 1% network transaction fee and 1% bank conversion markup.
- Replacement card
- RM50 per replacement card.
Requirements
- Minimum annual income
- RM24,000
- Principal age
- 21–65 years
- Supplementary age
- At least 18 years
- Application conditions
- Published income threshold; residency, income documents and bank credit assessment also apply.
Product features
- Income documents
- NRIC / passport and accepted income evidence such as payslips, EPF, tax assessment and supporting bank statements. Self-employed applicants also need business registration and business statements. Foreign applicants must satisfy the bank’s work-permit / residency requirements.
- Fixed-deposit application route
- Minimum pledged HLB fixed deposit for this card: RM2,000 for Malaysian citizens / PRs; RM10,000 for foreigners. Available to new-to-card applicants with an eligible sole-name, auto-renewing FD; credit limit is 1:1 with the pledged deposit, subject to approval.
Annual fees exclude applicable tax and transaction charges. Bank approval and current product terms apply.