Cards

My FIRST

Shariah Concept

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

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. Coverage includes guaranteed repayment 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. 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)