Bank Rakyat Credit Card-i Platinum
Bank Rakyat Credit Card-i Platinum
RM 5,000
Minimum monthly income
RM 388
Annual fee
13.5%
Interest rate p.a
3%
Balance transfer rate (fixed)
Product details
Product details
Features
Good for
Rewards/Offers & Islamic
1X Rakyat Reward Points for every RM10 spent
Islamic Credit Card
Card usage limited to Halal transactions only
Eligibility
| Minimum monthly income | RM 5,000 |
| Minimum age: | |
| Cardholder | 21 |
| Supplementary Cardholder | 18 |
Fees & Charges
| Annual fee | RM 388 | |
| Annual fee waiver | Yes | |
| Late payment fee | RM 10/1% | 1% of the outstanding balance or RM10, whichever is higher (to a maximum of RM100) |
| Interest rate | 13.5% | Settling minimum payment due for 12 consecutive month |
| Balance transfer rate (fixed) | 3% | 12 months Balance Transfer period |
| Annual fee |
RM 388 |
| Annual fee waiver |
Yes |
| Late payment fee |
RM 10/1% 1% of the outstanding balance or RM10, whichever is higher (to a maximum of RM100) |
| Interest rate |
13.5% Settling minimum payment due for 12 consecutive month |
| Balance transfer rate (fixed) |
3% 12 months Balance Transfer period |
Document required to apply
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The Bank Rakyat Credit Card-i Platinum is a credit card that follows the Shariah Concept while offering various rewards and benefits for all your spendings locally or internationally. Since this credit card only can be used for Halal transactions, rest assured you’ll be using it for legal transactions.
Earn reward points offered from Bank Rakyat Credit Card-i Platinum
Every single month, we’re bound to spend on our daily expenses as well as monthly commitments. If you charge them all to your Bank Rakyat Credit Card-i Platinum, you’ll receive 1 Rakyat Reward point for each RM10 that you’ve spent.
With the Rakyat Rewards collected, you could also convert them into cash for times in need at a rate of RM0.10 per 10 Rakyat Points.
Note: The reward points only apply to Halal merchants only. Be sure to check before using the credit card whether they are a Halal merchant or not.
Receive Takaful Coverage with the Bank Rakyat Credit Card-i Platinum
When you’re faced with unforeseen circumstances, carrying the burden of paying your overdue credit card bills can be a hassle. Thankfully, the Bank Rakyat Credit Card-i Platinum offers free Family Takaful protection that includes coverage for travel, outstanding credit card balance as well as benevolence expenses for up to RM1,000.
Bank Rakyat Credit Card-i Platinum provides low rates
Sometimes when you’re travelling overseas, using credit cards to pay for your expenses could cost more than what you’re paying for due to the fees charged on currency exchange. If you make transactions overseas with your Bank Rakyat Credit Card-i Platinum, you won’t be charged with any additional fees.
Aside from that, the Bank Rakyat Credit Card-i Platinum also offers a low profit rate of as low as 13.5% under the Credit Card-i Tiered Pricing Structure.
Get your Bank Rakyat Credit Card-i Platinum annual fee waived
The annual fee for the first year is waived provided you’ve used the card at least once. However, that shouldn’t be a problem since you’ve bound to make a transaction with your Bank Rakyat Credit Card-i Platinum more than once.
The rest of the years after the first year, you will be charged with an annual fee of RM388 for principal cardholders and RM150 for supplementary cardholders. You could be exempted from the annual fee and get it waived with only one simple condition: use your Bank Rakyat Credit Card-i Platinum at least once a year.
FAQs
FAQs
To apply for the Bank Rakyat Credit Card-i Platinum, you could do it easily with our simple online application. In just two steps, you will be able to complete it. Once you’ve filled up all your details, we will help to process your application for you.
Our customer service can be reached at +6012-385 0211 should you require any further assistance when applying with our online application.
The minimum age requirement for the Bank Rakyat Credit Card-i Platinum principal card would be at least 21 years old and above. The supplementary card would be at least 18 years old and above. As for the monthly income requirement, all cardholders have to be earning at least RM5,000 and above every single month.
Yes, there will be an annual fee of RM388 for principal cards. The annual fee for supplementary cards is RM150. The first year will be free, though. For the rest of the years ahead, an annual fee will be charged. However, it can be waived as well provide you make a payment at least once a year.
Besides the annual fees, there will be a cash withdrawal fee of 3% based on the total amount withdrawn or RM21.20, depending on the fee that is higher. If you didn’t manage to pay your credit card payments in time, there will be a late payment fee. The late payment fee is RM10 or 1% of the overall amount.
- Gain 1x Rakyat Rewards Points for all purchases made based on each RM10 spent
- Follows the Shariah Concept while offering rewards for Halal merchants only
- Annual fee can be waived if used at least once a year
- Receive free Family Takaful coverage
For those who prefer a credit card that follows the Shariah Concept, the Bank Rakyat Credit Card-i Platinum would be the best option for you. Aside from that, it’s also suitable if you prefer to get rewards and offers based on Halal merchants only.
