PAUTM Bank Rakyat Credit Card-i
Cards
PAUTM Bank Rakyat Credit Card-i
Shariah Concept
The financing facilities are under the principle of Shariah Murabahah (by adopting Tawarruq practice)
Privileges
1. Main Features
- Ten (10x) additional reward points for every RM10 (equivalent) spent on Shariah-compliant overseas transactions. Points are convertible to cash at RM0.10 per 1 reward point.
- Five (5x) additional reward points for every RM10 spent on Shariah-compliant transactions for groceries, car services, and electric vehicle charging nationwide. Points are convertible to cash at RM0.05 per 1 reward point.
- Two (2) complimentary access to Plaza Premium Lounge (PPL) annually.
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 Bank Rakyat Share Member | 13.5 % 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 Bank Rakyat Share Member | 17 % 15.5 % |
| Tier 3: Does not meet the above conditions for Tier 1 and Tier 2. | Non-Bank Rakyat Share Member Bank Rakyat Share Member | 18 % 17% |
4. Rakyat Rewards
- One (1) point is given to cardholder for every RM10 spent at any other retail purchases. The point would then be converted to cash at the rate of RM0.10 per 10 points.
- All 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
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% | 2.5% |
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)
