Cards

My FIRST

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. Main Features
   • Bank Rakyat 0% Instalment Plan with minimum purchase of RM500 for instalment tenure 6,12, and 24 months, subject to RM50 minimum monthly payment.
   • Five (5) Rakyat Rewards points for every RM10 spent on online purchases.
   • One (1) Rakyat Reward point for every RM10 spent for other retail purchases.
2. Additional Features:
   • NO Annual Fee.
   • FREE Group Family Takaful Coverage and ‘Khairat Kematian’ (RM1,000). Coverages includes guaranteed financing payment of outstanding finances accrued through Credit Card-i usage. 
   • NO Mark Up charge for transactions in foreign currency.
3. Profit rate under Credit Card-i Tiered Pricing is 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 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 %

4. Rakyat Rewards
   • Online Purchases
     Five (5) points 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.
   • Other Retail Purchases
     One (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.
   • 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.
   • 5 reward points for every RM10 spent at the selected merchants that are Social and Environment friendly.
     
     
5. Rakyat Rebate
   1. The rebate schedule as per below:

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

Eligibility

1. Principal: Minimum 21 years old 
2. Supplementary: Minimum 18 years old 
3. Annual Income: Minimum RM24,000

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)

Terms and Conditions Credit Card-i

Product Disclosure Sheet Credit Card-i

Sustainability Credit Card - Terms & Conditions