Cards

Bank Rakyat Platinum Explorer Card

Shariah Concept

The financing facilities are under the Shariah principles of Murabahah (by adopting Tawarruq practice) where based on Wa’d from customers, the Bank will purchase commodities from commodity suppliers and subsequently sell commodities to customers based on Murabahah contract at selling price (commodity cost with profit) by deferred and then, as a customer’s agent, the Bank sells it to third party buyers in cash. Cash proceeds from these third-party buyers will be deposited in the dedicated account to enable customers to make transactions for the purchase of goods or other services.

Privileges

1. 5% cash back for all airlines and hotel bookings
   
2. Three (3) times complimentary access a year to all Plaza Premium Lounge in Malaysia
3. No annual fees
4. No mark-up rate for overseas transactions. (NO additional fees on currency exchange for overseas transactions)
5. FREE Group Family Takaful Coverage and ‘Khairat Kematian’ (RM1,000). Coverages includes guaranteed financing payment of outstanding finances accrued through Credit Card-i usage.
6. No compounding element.
7. Low profit rate under the Credit Card-i Tiered Pricing Structure.

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 6 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 %

Note: The tiered pricing is not applicable for Bank Rakyat staff.

• Rakyat Rewards
  • 1 point is given to cardholder every RM10 spent. The point would then be converted to cash at the rate of RM0.10 per 10 points.
  • 5 reward points for every RM10 spent at the selected merchants that are Social and Environment friendly.

• Zakat payment– Card is accepted for zakat payment.
• Discount for Mail Order/ Telephone Order (MOTO):
  Privileges and special discounts under the Bank’s MOTO program. The program promotions will be sent together with the monthly Credit Card-i statement from time to time.

Eligibility

1. Age: 21 years old and above for Principal Cardholder
   
2. Age: 18 years old and above for Supplementary Cardholder
   *Maximum age limit for applicant is 65 years old (age limit for takaful coverage)
3. Annual Income: RM60,000 above / RM5,000 Monthly.
   

How To Apply

Documents required :

• Copy of Identity Card (Front and Back) / Passport (For Principal / Supplementary Applicant’s) AND :

Government Servants :

• Copy of latest pay slip

Private Sector Employees :

• Copy of latest pay slip AND
• EA Form / EPF statement (latest 6 months transactions)

 Monthly Salary with Commission Base :

• Copy of latest pay slip AND
• EA Form / EPF statement (latest 6 months transactions) OR
• Copy of latest commission statement (6 months record)

 NO Basic Pay, solely on Commission Base :

• Copy of latest commission statement (12 months record)

 Self Employed :

• Copy ofBusiness Registration AND
• Copy of latest 6 months bank’s statement AND
• Copy of latest Form B AND
• Copy of Tax Payment Receipt

 Expatriate :

• Copy of Bank Rakyat Saving Account-i AND
• Copy of contract confirmation letter from employer

Pensioner ::

• Copy of pension statement (latest 12 months transactions) AND
• Copy of 3 months Bank statement (showing the crediting of pension amount into the account)

Click here for application form/application via online: Credit Card via online

Auto Debit Form

FAQ

i) How do I been notified regarding the status of my application?

Application status will be notified via SMS.

 ii) How many additional cards can I apply?

The Principal Cardholder may have up to 5 Supplementary Cardholders.

 iii) What is the financing limit offered to Muslimah cardholders?

Financing limit for Muslimah card starts from RM3,000 and above.

 iv) How do I apply for additional cards?

Principal cardholder only need to fill up supplementary info at the section of ‘Supplementary Card Request’ in the Bank Rakyat Credit Card-i application form. The required documents are a copy of Identity Card for Principal and Supplementary cardholders.

 v) I am a Supplementary cardholder, however, I wish to apply as a Principal cardholder. Can I do so?

YES. The application procedure is similar as a new application.

 vi) What is the number that I need to contact for any enquiries?

For any enquiries or card activation, please contact 03-2693 6880

For lost or stolen, please IMMEDIATELY call 03-2692 4600

Download Terms and Conditions: 

Terms and Conditions Credit Card-i

Terms and Conditions of Free Access to Plaza Premium Lounge Malaysia for Bank Rakyat Platinum Explorer Credit Card-i

Terms and Conditions 5% Cashback for Airline Tickets and Hotel Bookings for Bank Rakyat Platinum Explorer Credit Card-i

Sustainability Credit Card - Terms & Conditions

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

*Terms and conditions apply.

Product Disclosure Sheet Credit Card-i