Bank Rakyat Cikgu Sejati Credit Card-i

APPLY NOW

Cards

Bank Rakyat Cikgu Sejati Credit Card-i

Shariah Concept

The financing facilities are under the principle of Shariah Murabahah (by adopting Tawarruq practice)

Eligibility

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

Features

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%