WISE card is only useful for those who can fulfill the minimum requirement to start earning the 10% cashback. For individual who dont fulfill that requirement MACH is better. HLB Essential are those who spend damn alot, so they can enjoy the 1% unlimited cashback. Ultimately there is no best among the 3. It just depend on your own personal spending pattern.

Example if you can pump petrol above RM50 for 9 times and pay your phone bills... that would make it 10 transaction. At 10% cashback it is even better then MBB2 Amex that earn you 7.5% and OCBC Ti that offers your 5%

This post has been edited by WhitE LighteR: Jan 18 2013, 03:06 PM

Agree.

Need to be a genius and split transaction by 50 bucks per block

But supplementary cards' spending also calculated so it's likely possible la. Not too hard to spend 50 per block to be honest. Imagine going to dinner for 1 month, surely can get rm 50 per block roughly.

But I'll likely favor the Mach for the time being since I use more of the Mach. Besides, it would be a hassle to re-apply another for the time being.

Speaking of the Devil, Citi just dropped a call

So calculative for what? Remember, you only need 9 transaction since you are going to auto debit your phone bills.

For me, its just worth it. I have kids, buy groceries quite often. I just have to pump RM100 petrol 4 times a month and then make that up with 5x groceries swipe. If I felt like it, might even pump RM50 x 8times. Just max this first and swipe everything else with Mach or OCBC.

Hong Leong Bank Wise Credit Card








PROS

- Get 10% reward, every day (10% cash back on your spending in the selected categories of your choice. )

- Up to RM100 in cash back every month based on your selected cash back categories as below

10 Categories [Merchants / Merchant Category Code (MCC)]

1 Mobile [Maxis, Celcom, Digi, U Mobile and YES]
2 Pharmacies [Watsons, Caring and Eu Yan Sang outlets]
3 Groceries [All grocery stores (MCC 5411)]
4 Petrol [All petrol stations (MCC 5542)]
5 Dining [All dining outlets (MCC 5811, 5812, 5814)]
6 Departmental [Parkson, AEON, Isetan, Metrojaya, Robinsons, Tangs, GAMA and Sogo outlets]
7 Book Stores [MPH, Popular, Borders, Kinokuniya, Times, Smart and BookXcess stores]
8 Utilities [Electricity and Water (MCC 4900)]
9 Entertainment A[ll cinemas (MCC 7832), Ticket Charge, Ticketpro, Red Box and Neway]
10 Travel [All airlines (MCC 3000-3299, 4511), hotels (MCC 3501-3999, 7011), tour packages (MCC 4722, 4723)]



CONS

- 10% Cashback only applicable to 2 selected categories + Mobile (by default)

- Min. RM50 spending per transaction, OCBC / MBB2 Amex at least we can get rebate at any amount spent

- With Annual Fee, not sure can waive or not --> wild_card_my confirmed with CS: No waiver

- No TP

- RM10 switching/maintenance fee if you want to change category


FAQ

1. How many cash back categories can I choose to enjoy for the 10% cash back?

You can select a maximum of two categories, in addition to one default bonus category (at current, the default bonus category is ‘Mobile') offered by the Bank to enjoy the 10% cash back.

2. When can I make my selection of cash back categories? Are there any cost/ fee incurred for the selection?

Selection of cash back categories is available in the card application form. All new enrolments at the point of application will be free of charge and will take effect upon card approval.

3. How do I earn the 10% cash back?

Just swipe a minimum of any 10 retail transactions monthly (minimum of RM50 per transaction) to activate the 10% cash back on your selected cash back categories.

4. Is there any capping on the cash back amount?

The cash back is capped at a maximum of RM100 per month.

5. Can I switch the selected spend categories after enrolment?

Yes, you may switch the cash back categories any time, throughout their card tenure, to suit your lifestyle and to maximize the cash back reward earned. For each switch of cash back category, a one-time maintenance service fee of RM10 will be charged at the point of maintenance and it will be effective on the following calendar month. Bonus category is NOT applicable to switch, except if amended at any time by the Bank.

6. How do I confirm if the switch has been made?

You will receive an SMS blast upon maintenance is conducted. < Eg. RM0.00 HLB - Your HLBB card ending 2525 has been debited with MYR10 for account maintenance. The new selected category – TRAVEL will be effective from JAN13>

7. Where do I make the switch?

You may switch categories via:-
Hong Leong Contact Centre at 03-7626 889
Download the category maintenance form from www.hlb.com.my
Walk-in to any Hong Leong Bank branches

8. Is Supplementary Card' retail transactions accumulated into the total number of swipes to meet requirement of 10 retail swipes per month and are those transactions eligible for 10% cash back also?

Yes, all posted retail transactions on supplementary card will be taken into account as per principal card. However, cash back earned will be credited into the principal Cardholder account only.

9. When will the cash back be credited into Principal Cardholder's account?

The cash back will be calculated at the end of each calendar month and will be credited to the principal Cardholder's account on the 28th of the following month. Cardholder will see this reflected in their statement then.

10. Are there Reward Points earnings on the Wise Credit Card?

There are no reward points for the Wise Credit Card.

11. Does the Wise Credit Card offer automatic insurance plans?

The Wise Credit Card does not offer free insurance plans.

12. Do I enjoy any cash back on other spend outside of enrolled cash back categories?

No, you are eligible for the 10% cash back on retail transactions based on your selected cash back category.

13. How will I know which merchants are eligible for cash back in a particular category?

An extensive range of merchants who are eligible for cash back are listed here and it will be updated periodically. Do note that cash back will be awarded based on merchant's corresponding Merchant Category Code (MCC) being assigned on each categories. The assignment of merchant category for each merchant is subject to classification by respective acquiring banks.

14. Do I earn cash back for overseas transactions in my selected cash back categories?

Yes, as long as the transactions are for merchants whose MCC corresponds with Cardholder's enrolled cash back categories. Eg. You spend USD100 in a restaurant in Los Angeles, and one of the cash back categories is Dining. Hence, you'll get 10% cash back in that category in local currency after conversion at prevailing exchange rate minus any administrative fees.

15. Which retail transactions are eligible for the minimum 10 swipes?

Eligible retail transactions include local and international retail and online purchases, recurring payments, insurance premiums, 0% Interest Easy Payment Plan (one time principal amount only) and Easy Payment Installment Plan (one time principal amount only); EXCLUDING, cash advance, balance transfer, Cash-on-Call, Call-for- Cash, Flexi-Payment Plan, fund transfer, fees and charges imposed by the Bank.

16. Can I apply for Wise card if I am currently holding another Hong Leong Bank credit card?

Yes, you may.

Note
The cash back will be calculated at the end of each calendar month. The cumulated cash back shall be credited monthly to the Principal Cardholder's account on the following calendar month and subject to maximum cash back of RM100 per month. 10% cash back is subject to a minimum of 10 retail transactions monthly (with a minimum of RM50 per transaction) in anything during the calendar month. For each switch of cash back category, a one-time maintenance service fee of RM10 will be charged at the point of maintenance. New category enrolment will be effective on the following calendar month. The Bonus Category of Mobile is not applicable to change.


Official Site

T & C

Hong Leong Bank targets 100,000 "Wise Credit Card" holders - The Star

This post has been edited by gauthjasmon_1: Jan 19 2013, 08:24 AM

People been posting and discussing this since Tuesday. The website was also updated at the same time...

Ya kah..
Paiseh i did not notice...just realize can only choose 2 out of the 10 categories, and minimum RM50 per transaction

Yes.

I believe u better revamp the 1st post to enrich the content to provide more information regarding the card. The mod here r abit sensitive to "low quality" threads. Previous Wise card thread was deleted due to this...

This post has been edited by Asgaard: Jan 18 2013, 08:37 PM

I see a possible HLB staff with a picture of WISE card promotion here

Maybe you can help to furnish the WISE thread with relevant information to prevent it from being closed down.

There are now 3 threads for Hong Leong: Mach, Wise and a hate thread.

Combine all together under 1 Hong Leong CC Thread...

U can choose 2 out of 9 categories. Mobile is included automatically and fixed.

Disclaimer --- I am in the market for a credit card, and whatever I have posted is me posting as a consumer. My job is in sales of mortgage, not CC



This post has been edited by wild_card_my: Jan 19 2013, 12:17 AM

The 10 minimum RM50 Transactions.

I wonder can it be like:

Petrol: RM50 x 6
Maxis: RM50 x 3 (via payonline)
TNB: RM50 x 11 (via payonline)

10% Cashback!!!

This post has been edited by spikeman: Jan 19 2013, 04:31 AM

Hmm you mean like splitting your TNB bill to 50s
Good Idea, just that very mafan, and not sure if they will make a clause saying no bill splitting or not
my monthly TNB bill no RM550, next time i go ask my friends/relatives, ei help you pay bills...

To me 10 transactions/month is ok, but the jialat 1 is each transaction must be min. RM50,


Somehow i feel the rebates given very unwillingly

And they purposely exclude TM izzit?

Ya.... means we have to make this card for special purpose, for example

I apply this card just for Mobile, Utilities and Petrol


So just max out the card so that we get RM100 for the above 3 categories, just like what spikeman suggested


This is better than OCBC Titanium, coz you get 10% instead of 5%...this is threatening OCBC Titanium...(but OCBC Titanium no minimum swipe and minimum spending per month)

Then you can use your MBB2 Amex for others such as departmental store, pharmacies (watson & GUARDIAN etc)

First year free, so use 1 year and cut before the next GST & Annual Fee is due...haha

But assuming we max out the card, means we get RM100 x 12 = RM1200/year. Deducting RM150 (for gold), we still get RM1050/year, which is still very good

I know, those are simple calculations to do. But I feel like it's quite a hassle for me to keep track of all those things... You have to do at least 10x RM50 transaction, if you miss one, you dont get any rebate for that month.

So yeah.

I think Mobile phone is a bonus category and only 1 transaction would be calculated so your maxis x3 MYR 50 would be consider as only 1 transaction.

Correct.

I have clarified this with the CS.