Another Credit Card Review by GenX @ http://www.GenXGenYGenZ.com
I often get messages from people asking me what credit cards are good based on their spending pattern instead of simply asking what’s the best credit card. This is indeed good as it shows that my FREE articles/tutorials have somewhat taught others that no 2 credit cards are the same and one needs to have the right card to earn some meaningful returns based on his/her own spending pattern.
And if someone gives me the breakdown of their monthly expenses and have done some homework to identify cards that may benefit them, I’m more than happy to assist them further for FREE.
The best are the ones who use the info I have provided in my articles and then go do further research on the card, e.g. by calling Customer Service or reading the T&C, and then message me to let me know their findings (and even correcting my mistakes) so I can share with others 🙂
And what I appreciate most is when someone selflessly takes the trouble to share detailed information that benefit everyone. For example, below is what Sherine Lee commented at my Facebook Page recently back in January 2016 when I published my Top 10 Credit Cards in Malaysia – Episode III:
“Hi would u consider aeon big credit card? I think it’s a good entry level credit card as the gold card give 6X plaza lounge access, up to 15% for Aeon big grocery purchase, and 2% cash back for overseas and online purchases. So far I had been quite happy with the card”.
In my reply to Sherine Lee’s comment, I mentioned that I will look into the card after I return from Melbourne.
Well, I did look into the AEON Big Credit Card and to my surprise, the AEON Big Credit Card is indeed a freaking good credit card. If anyone were to ask me now – “what is The Best Credit Card to use at AEON Big? The answer will be the AEON Big Credit Card!!!
I would like to take this opportunity to thank Sherine Lee for teaching me about the AEON Big Credit Card 🙂
AEON credit cards are mostly entry level credit cards, but this does not mean that they are useless. In actual fact, AEON credit cards are packed with really good benefits, e.g. FREE access to Plaza Premium Lounges nationwide (AEON Gold Credit Card Visa and MasterCard) and meaningful cash back ( click here to read my review of the AEON Watami Visa Credit Card which earns you 3% cash back for any type of transactions including online except for Petrol).
Now I am going to present to you a freaking long review of the AEON Big Visa Credit Card, just kidding…. it’s kind of short for my standard, hahaha.
AEON BIG GOLD & CLASSIC VISA CREDIT CARD
Annual Income Requirement: RM24K for Classic and RM36K for Gold.
Annual Fee: Waived with 12 transactions per year.
AEON BiG Member Card: Upon signing up for the AEON BiG Visa Credit Card, you will be issued an AEON Big Member Card that earns you BiG Points which you can use to redeem for Cash Back at AEON Big Cashier Counters. 1000 BiG Points – RM1 Cash Rebate. Consider the AEON BiG Points as bonus to the “real” cash back benefit mentioned below.
BENEFITS OF AEON BIG VISA CREDIT CARDS
The cardholder is entitled to 5% DISCOUNT at AEON BiG Stores every 28th day of every month.
• 5% Cash Rebate at ÆON BiG Thank You Member Day on 28th of every month, capped at RM100 per ÆON BiG Credit Card account per month subject to total Cash Rebate of RM50,000 per month.
Now please note that it is stated TOTAL CASH REBATE OF RM50K/month. This means that the above 5% cash back on every 28th of every month is not guaranteed but based on first come first serve basis. So, to make sure you are entitled to the 5% cash rebate, go do your shopping at AEON BiG early in the morning once the store opens.
• 5% Cash Rebate for Visa payWave every day exclusively at ÆON BiG Stores*
* Cash Rebate is capped at RM25 per ÆON BiG Credit Card account per month subject to total Cash Rebate of RM15,000 per month for each of the spending categories
By using the AEON BiG Visa Credit Card Pay Wave feature at AEON BiG stores, you will MAY BE entitled to 5% cash back. The reason why I said MAY BE and not WILL is because there is a maximum monthly payout of RM15K. Once again, this means you are not guaranteed the 5% cash back by using the Pay Wave feature.
• 5% Cash Rebate for Petrol on Sundays, capped at RM25 per ÆON BiG Credit Card account per month.
Above 5% cash back for Petrol is really good if you can pump petrol on Sundays. With the cash back capped at RM25RM per month, this card is good for up to RM500 Petrol/month.
• 2% Cash Rebate for Online and Overseas spending every day* (exclude insurance, mobile and utility bill payments). * Cash Rebate is capped at RM25 per ÆON BiG Credit Card account per month subject to total Cash Rebate of RM15,000 per month for each of the spending categories.
Once again, the 2% cash back for ONLINE and OVERSEAS SPENDING has a max monthly payout of RM15K to all cardholders. This means it is based on first come first serve basis and the 2% cash back for ONLINE and OVERSEAS PENDING is not guaranteed.
Below is an example extracted from AEON website (please visit AEON Credit Website for more examples):
From the above table, you will note that the cash back using the AEON BiG credit card is RM7.12 for 2 items, i.e. 5% Cash Rebate AEON Credit and 5% Visa PayWave Rebate. The reason why this is so is because you will get 5% Discount on every 28th day of the month.
Total Bill RM150. With 5% Discount, you will only need to pay RM142.50.
So by you using the AEON BiG Pay Wave feature to pay the RM142.50 mentioned above, you may be entitled to TWO (2) 5% cash rebate (i.e. RM142.50 x 5% = RM7.12 for each category) credited into your AEON BiG Credit Card Account. Remember – I have shown you earlier that the cash back has a maximum monthly payout where the cash rebate is based on first come first serve basis.
FREE ACCESS TO AIRPORT LOUNGES
I tell you, the AEON BiG Gold Visa Credit Card is really fantastic as it will give you 6X FREE access to Plaza Premium Lounges at KLIA and KLIA2 without you having to spend a single sen!!!
Please note, the AEON BiG Visa Classic does not grant you any FREE entries to Plaza Premium Lounge.
To learn more on what credit cards grant you FREE access to airport lounges locally and overseas, please click here to my Airport Lounge Page.
0% INTEREST 6 MONTHS BALANCE TRANSFER PLAN
AEON Credit and Public Bank are the only two financial institutions that have been offering 0% Balance Transfer Plans for years. Click here to my Balance Transfer Plan Tutorial to learn how you can earn some FREE extra Pocket Money by utilizing 0% Balance Transfer and Fixed Deposit.
5% CASH BACK FOR PETROL EVERY SUNDAY
I was really surprised to find out that AEON BiG Visa Credit Card holders are entitled to 5% cash back for Petrol.
So coupling the AEON Big Visa Credit Card with the Maybank Islamic MasterCard Ikhwan, you can get 5% cash back for your Petrol every Friday, Saturday and Sunday!!! That’s up to RM75 per month FREE money from pumping petrol.
Click here to read my Review of the Maybank Islamic MasterCard Ikhwan which is FREE FOR LIFE without any conditions whatsoever.
To learn more about the best cash back credit cards for Petrol and their effective cash back, please click here to read my Special Edition article titled The Best Credit Cards in Malaysia 2016 Episode II.
The AEON BiG Visa Credit Card is really really good if you shop at AEON BiG.
Now, the AEON Big Visa credit card may still be pretty good even if you don’t shop at AEON Big because you are still entitled to 6X FREE access to KLIA/KLIA2 Plaza Premium Lounges. I tell you, many Premier Credit Cards don’t even allow you a single FREE access to KLIA2 Plaza Premium Lounge.
And best of all, the Entry Level AEON Big Visa Credit Card will allow those earning less than RM30K per year who don’t qualify for the Maybank Islamic MasterCard Ikhwan to earn 5% cash back for Petrol.
Last but not least, I would like to sincerely thank Sherine Lee once again for highlighting the AEON BiG Visa Credit Card and the benefits that come with it at my Facebook Page.
Want to earn more cash back in addition to what you get with the AEON BiG Credit Card? If yes, click here and read my article titled The Best Cash Back Credit Card Combo.
A Credit Card Tutorial by GenX