Travel Essentials: 2 Ways To Save More with American Express GOLD

Travel Essentials: 2 Ways To Save More with American Express GOLD

Chinese New Year is around the corner and there are a lot of things to shop for. While many are still waiting for their bonuses, some might have already started to shop. The news of food prices shot up around the world will not help consumers at all. In fact, most stalls in Kuala Lumpur have already increased their food prices by 30 sen to 50 sen.  In short, it’s a tough time now. People tend to spend more than they earns, so for those who loves to spend using their credit card, try this.

There are 2 ways to save more with American Express GOLD.

Option 1:

Enjoy a low Finance Charge of 9% p.a. on your outstanding retail balance, and save up to RM730 a year*. All you have to do is promptly settle your minimum payment of 5% or a minimum of RM25.
*Based on RM2950 monthly spend with minimum repayment of 12 months.*

For those who accidentally, missed their payment, below are the charges:
16% p.a. for those who missed minimum payment 1 or 2 times within 12 months cycle
17.5% p.a. for those who missed minimum payment more than 2 times within 12 months cycle

Well, you still save in a way rather than stacking up your credit card bills interest. For more info click here
<http://www.americanexpress.com.my/WebBank/goldgrcc_savingscalculation.pdf>
for calculation of savings.

Option 2:

Earn 5x Membership Rewards points for every Ringgit spend at Groceries, Petrol, Cathay Cineplexes, participating bookstores – Borders, Kinokuniya, MPH, Times – and Telecommunication charges via Express AutoPay – Maxis, Celcom, DiGi, Telekom. Forget the hassles of queuing up at the centers. Going there you need to fill up your petrol, pays parking fees and the most important thing of all, time wasting. Forget all that and use the Express AutoPay.

Earn up to RM588 a year* if you spend an average of RM2950 a month(RM300 on petrol, RM600 on groceries, RM150 on phone bill, RM150 on bookstores, RM100 on cinema and & RM1650 on others). Because your points don’t expire, you can accumulate and redeem your rewards at your leisure. Spend and get rewarded, why not? For more info, click here <http://www.americanexpress.com.my/WebBank/goldgrcc_savingscalculation.pdf>
for calculations of savings.
Give it a try if you like either or all the options above to save more on your credit card spending. However, I do not encourage people on overspending on credit cards. Please spend wisely and have a great 2011 ahead! Thank you for reading!

Wilson Ng