Bank Rakyat Platinum Explorer Credit Card-i
Bank Rakyat Platinum Explorer Credit Card-i
RM 5,000
Minimum monthly income
RM 0
Annual fee
13.5%
Interest rate p.a
3%
Balance transfer rate (fixed)
Product details
Product details
Features
Good for
Islamic, No Annual Payments, Travel & Cashback
5% cashback on any hotel and airline ticket purchases (capped up to RM1,000 per year)
Islamic Credit Card
ZERO annual fee for life
Card usage is limited to Halal transactions only
3x complimentary yearly access to all Plaza Premium Lounges in Malaysia
No mark up rate for overseas transactions
1x Rakyat Rewards for every RM10 spent on local and overseas retail transactions
Convert accumulated Rakyat Rewards to cash (10x points = RM0.10)
Free Group Family Takaful coverage and 'Khairat Kematian' which includes guaranteed repayment of your card's outstanding balances
Pay for your Zakat confidently with this card!
Eligibility
| Minimum monthly income | RM 5,000 |
| Minimum age: | |
| Cardholder | 21 |
| Supplementary Cardholder | 18 |
Fees & Charges
| Annual fee | RM 0 | Free for life |
| 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 0 Free for life |
| Annual fee waiver |
No |
| 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
You will need to provide several documents such as (varies between different banks):
Please prepare the following documents to make an application.
Government servants:
- Copy of your IC (both sides) / Passport
- Copy of the latest salary slip
Private sector employees:
- Copy of your IC (both sides) / Passport; and
- Copy of the latest salary slip
Commission-based:
- Copy of your IC (both sides) / Passport; and
- Copy of the latest salary slip; and
- EA Form / EPF statement (latest 6 months); or
- Copy of the latest 6 months' commission statement
Self-employed:
- Copy of your IC (both sides) / Passport; and
- Copy of your Business Registration Certificate; and
- Copy of the latest 6 months' bank statement; and
- Copy of the latest Form B; and
- Copy of Tax Payment Receipt
Expatriate:
- Copy of your Passport; and
- Copy of Bank Rakyat Saving Account-i; and
- Copy of contract confirmation letter from employer
Pensioner:
- Copy of your IC (both sides) / Passport; and
- Copy of the latest 12 months' pension statement
- Copy of the latest 3 months' bank statement (showing the crediting of pension amount into the account)
For more information, please click the following link.
FAQs
FAQs
Bank Rakyat’s first ever travel credit card, the Bank Rakyat Platinum Explorer Credit Card-i offers rewards and privileges one cannot resist. Specially created with avid travellers in mind, if you’re one of those who travels frequently all over the world, there’s no reason for you not to get your hands on this credit card.
With the Bank Rakyat Platinum Explorer Credit Card-i, you’ll be able to maximize cashback deals for all your travel adventures. How? When you use your Bank Rakyat Platinum Explorer Credit Card-i to pay for your flight tickets and hotel bookings, you’ll receive up to 5% cashback! The best part of it all? No minimum spending is required!
The maximum cap of cashback you’ll receive is up to RM1,000 a year (that's around RM83 monthly).
We all know how much of a burden it is to carry around cash while you’re travelling overseas. Hence, most of us tend to use a credit card for all expenses. Thankfully, with the Bank Rakyat Platinum Explorer Credit Card-i, you won’t be charged any additional fees on currency exchange rates for all your overseas transactions.
Moreover, you’ll get to enjoy up to 3x complimentary yearly access to the Plaza Premium Lounges right in Malaysia. Indulge in the exclusive comfortable sofas, beverages and meals offered only at Plaza Premium Lounges.
Travel safe and sound without any worries thanks to the complimentary Group Family Takaful Coverage as well as ‘Khairat Kematian’ that covers your whole entire family. Plus, it also covers any outstanding credit card balances left when you aren’t able to pay for them in time.
Wouldn’t it be great to be rewarded when you pay for your expenses every month? When you spend with your Bank Rakyat Platinum Explorer Credit Card-i, for every RM10, you’ll receive 1x Rakyat Reward Point. Additionally, you will also be able to convert those points into cash based on an exchange rate of RM0.10 per every 10 Rakyat Reward Points.
Yes, that’s right. Aside from all the perks and rewards stated above, you’ll save even more with the Bank Rakyat Platinum Explorer Credit Card-i! Enjoy a low interest rate of 13.5% compared to the usual 15%.
Furthermore, there will be no annual fees required with no specific conditions needed to be met. Hence, for as long as you own the Bank Rakyat Platinum Explorer Credit Card-i, you'll save more since you don’t have to pay any annual fees at all!
You could apply for this credit card via our online application form. It can be completed within two simple steps. All you have to do is fill in all your details and we will help to process it from there.
To apply for this credit card, you have to be earning a stable monthly income of at least RM5,000 and be aged 21 years old and above for principal cards. For supplementary cardholders, your minimum age has to be at least 18 years old.
