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% |
For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.
*Terms and conditions apply.
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