Cards
Muslimah Card
The Muslimah Card is the latest Credit Card-i issued by Bank Rakyat specifically for women. It is the one and only shariah-compliant Credit Card-i for women in Malaysia.
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
5% cashback for selected category based on cardholder’s annual income as outlined below:
Items | Descriptions | ||
Total cashback | 5% cashback | ||
Annual Income | <RM60,000 | RM60,000-RM120,000 | >RM120,000 |
Cashback segment and Merchant Category Code (MCC)
| 5% cashback for transactions:
MCC: 5812 and 5814
MCC: 4900 | 5% cashback for transactions:
MCC: 5812 and 5814
MCC: 4900
MCC: 5912
| 5% cashback for transactions:
MCC: 5812 and 5814
MCC: 4900
MCC: 5912
MCC: 7298 |
The cashback will be counted on the nationwide transactions only. | |||
Capped Amount | RM240 per annum or RM20 per month | RM360 per annum or RM30 per month | RM600 per annum or RM50 per month |
2. Additional Features:
- No Annual Fees.
- FREE Group Family Takaful Coverage and ‘Khairat Kematian’ (RM1,000). Coverages includes guaranteed financing payment of outstanding finances accrued through Credit Card-i usage.
- Zero mark-up rate for overseas transactions.
- 0% Instalment Plan for minimum purchase of RM1,000.
- Discounts and promotions at selected merchants
3. Profit rate under Credit Card-i Tiered Pricing:
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
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% | 3.0% |
Profit rebate earned from Rakyat Rebate will be offset against principal outstanding balance on statement date.
6. The existing Bank Rakyat Muslimah Credit Card-i cardholders may update latest annual income via link: https://forms.office.com/r/YmHSaKqrVh
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)
Click here for application form/application via online: Credit Card via online
FAQ
i) How do I been notified regarding the status of my application?
Application status will be notified via SMS.
ii) How many additional cards can I apply?
The Principal Cardholder may have up to 5 Supplementary Cardholders.
iii) What is the financing limit offered to Muslimah cardholders?
Financing limit for Muslimah card starts from RM3,000 and above.
iv) How do I apply for additional cards?
Principal cardholder only need to fill up supplementary info at the section of ‘Supplementary Card Request’ in the Bank Rakyat Credit Card-i application form. The required documents are a copy of Identity Card for Principal and Supplementary cardholders.
v) I am a Supplementary cardholder, however, I wish to apply as a Principal cardholder. Can I do so?
YES. The application procedure is similar as a new application.
vi) What is the number that I need to contact for any enquiries?
For any enquiries or card activation, please contact 03-2693 6880
For lost or stolen, please IMMEDIATELY call 03-2692 4600
For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.
*Terms and conditions apply.
Terms and Conditions Credit Card-i
Product Disclosure Sheet Credit Card-i
Sustainability Credit Card - Terms & Conditions
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