Personal Banking

Cards / Bank Rakyat Cikgu Sejati Credit Card-i
The financing facilities are under the principle of Shariah Murabahah (by adopting Tawarruq practice)
Eligibility:
  • Principal: 21 years old and above
  • Supplementary: 18 years old and above
  • Annual Income: RM24,000 above

Documents required:
  • Copy of Identity Card (Front and Back) / Passport (For Principal / Supplementary Applicant’s) AND:
  • Copy of latest pay slip
  • Auto Debit Form
Main Features:
  • Exclusive card for teachers under Ministry of Education (MOE)
  • 5% cashback on transactions at petrol station, stationery, bookstores, and hotel
 
Additional Features:
  • NO Annual Fee.
  • FREE Group Family Takaful Coverage and ‘Khairat Kematian’ RM1,000. Coverage includes guaranteed repayment of outstanding finances accrued through Credit Card-i usage.
  • NO Mark-Up Rate for overseas transactions.
  • Bank Rakyat 0% Installment Plan for retail purchases of RM1,000 & above.
  • Entitle for Bank Rakyat 8%.GOV.MY as per table below.
Type of transaction Tier Annual Profit Rate Entitlement Requirement Entitlement Tenure
 
 
 
 
Retail
Tier 1 8% Total outstanding balance >30% from financing limit AND NOT exceed 60 days delinquent. THREE (3) YEARS from the FIRST statement issued after the enrollment date
Tier 2 9% Total outstanding balance is 10% - 30% from financing limit AND NOT exceed 60 days delinquent
Tier 3 10% Total outstanding balance <10% AND NOT exceed 60 days delinquent
Note: Bank Rakyat 8%.GOV.MY program ended on August 2024

  • Profit rate under Credit Card-i Tiered Pricingis applicable after 3 years:
Tier Criteria Yearly Profit Rate
Tier 1: Minimum payment received before or on the Due Date for 9 months consecutively. Non-Bank Rakyat Share Member 13.5 %
Bank Rakyat Share Member 13.0 %
Tier 2: Minimum payment received before or on the Due Date for 9 months or more within 9 months period. Non-Bank Rakyat Share Member 17 %
Bank Rakyat Share Member 15.5 %
Tier 3: Does not meet the above conditions for Tier 1 and Tier 2. Non-Bank Rakyat Share Member 18 %
Bank Rakyat Share Member 17 %

  • Rakyat Rewards

a) 1 point is given to cardholder for every RM10 spent. The point would then be converted to cash at the rate of RM0.10 per 10 points.

b) Rakyat Rewards validity period is confined to 3 years. The rewards earned by cardholders on any date of any month are valid until the end of the same month, for the next 3 years.

  • Rakyat Rebate

a) The rebate schedule as per below:

Items Year 1 Year 2 Year 3
Auto debit facility 0.5% 0.5% 0.5%
Good paymaster 1.0% 1.0% 1.5%
Other financing facilities at Bank Rakyat 0.5% 1.0% 1.0%
Total Rebate (Rakyat Rebate) 2.0% 2.5% 3.0%

b) Profit rebate earned from Rakyat Rebate will be offset against principal outstanding balance on statement date. 

The published rates, fees and charges are effective from 1st April 2019 following the implementation of 6% SST from 1st September 2018. Terms & conditions apply.

For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.
*Terms and conditions apply.