Malaysian Bank Issues Card For Commerce Group

Published June 19, 2008, 1:00 a.m. EDT

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Updated June 19, 2008, 12:00 a.m. EDT

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Malaysia-based Hong Leong Bank has started to issue a Visa-branded credit card designed to appeal to members of The Associated Chinese Chambers of Commerce and Industry of Malaysia. The bank says it hopes to issue 20,000 cards within a year. The bank says it has issued at least 700,000 credit cards in Malaysia. "The card is targeted at [the group's] extensive network of over 100,000 direct and indirect members nationwide," Moey Tan, the bank's chief operating officer, personal financial services, tells CardLine Global. Cardholders can direct their reward points to the group to fund programs, the bank says.

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