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Best Bank Rakyat Credit Cards
No compounding interest and no annual fees - ever. Unlike many other credit cards on the market, Bank Rakyat offers plain and simple credit cards that match the principles of your faith. If you're looking to save money on charges and want a no-frills credit card that won't charge you the earth in interest fees, look no further than Bank Rakyat. Easy online application.
Credit Card » Bank Rakyat
Not found the card you're looking for yet? Check out some other banks!
Overview of Bank Rakyat Credit Cards in Malaysia
Open to all faiths and backgrounds, Bank Rakyat credit cards cater to all segments of the economy.
Whether you are just starting out or already a high earner, Bank Rakyat understands your needs, expectations and limitations.
Key Features and Benefits of Bank Rakyat Credit Cards:
Here are some features and benefits offered by Bank Rakyat credit cards:
1. Shariah compliant
When you apply for a Bank Rakyat card, you will get a Shariah compliant credit card that follows the rules of Islamic finances. That means, there is no riba’ or no compounding element on your credit.
Plus, you will save a lot of money when spending with Bank Rakyat cards as they offer among the lowest profit rates (between 13.5% p.a. to 17% p.a.) in the market.
Since it abides by Shariah laws, the bank ensures a 0% mark up rate for overseas transactions, which means it does not charge additional fees on currency exchange.
2. Annual fee waiver
You will also be pleased to know that all Bank Rakyat credit cards' annual fees are waived with no conditions whatsoever.
The same goes to the Bank Rakyat Platinum Credit Card for the first year only; for the second year onward, you just make at least one transaction or charge a minimum RM0.01 in a year to waive the annual fee.
3. Rakyat Rewards and Profit Rebate
Enjoy a unique credit card rewards program where you can earn 1 Rakyat Reward for every RM10 spend on your credit card. T
hese reward points can be converted into cash at the rate of RM0.10 per 10 points. That’s not all, Bank Rakyat also rewards you with profit rebate of up to 3%. Isn’t that great?
You can redeem your Rakyat Rewards and Profit Rebate to redeem umrah or travel packages.
Or, you can redeem them as cash via cheque, credit to your Bank Rakyat Savings Account, or credit to your Bank Rakyat account to reduce your outstanding balance.
4. Free Takaful Coverage
All Bank Rakyat credit cards are offering a FREE Group Family Takaful Coverage of up to RM200,000 that covers for death and permanent disability.
In addition, you will receive a Compassionate Allowance of RM1,000 for funeral expenses.
5. Theft or loss of Bank Rakyat credit card
Can’t find your Bank Rakyat credit card? Don’t panic as you can reach out to Bank Rakyat Cards Centre at 03 2692 4600 to report a stolen or lost credit card.
If you’ve got any questions or a complaint, just phone the Bank Rakyat 24 hour hotline at 03 2693 6880.
Bank Rakyat Balance Transfer Plan
If you are looking for the lowest rates and most flexible repayment balance transfer plan, Bank Rakyat balance transfer plan is the answer.
You can transfer up to 100% of your credit card limit, with no lock-in period and no early settlement fee.
No compounding interest and no annual fees - ever. Unlike many other credit cards on the market, Bank Rakyat offers plain and simple credit cards that match the principles of your faith. If you're looking to save money on charges and want a no-frills credit card that won't charge you the earth in interest fees, look no further than Bank Rakyat. Easy online application.
Credit Card » Bank Rakyat
- Bank Rakyat Platinum Credit Card-i
Min. IncomeRM5,000/monthAnnual FeeFree*CashbackNo
- Bank Rakyat Platinum Explorer Credit Card-i
Min. IncomeRM5,000/monthAnnual FeeFreeCashbackup to 5%
- Bank Rakyat Classic Credit Card-i
Min. IncomeRM2,000/monthAnnual FeeFreeCashbackNo
- Bank Rakyat Gold Credit Card-i
Min. IncomeRM3,000/monthAnnual FeeFreeCashbackNo
- Bank Rakyat Kad Muslimah
Min. IncomeRM2,000/monthAnnual FeeFreeCashbackNo
Not found the card you're looking for yet? Check out some other banks!
Overview of Bank Rakyat Credit Cards in Malaysia
Open to all faiths and backgrounds, Bank Rakyat credit cards cater to all segments of the economy.
Whether you are just starting out or already a high earner, Bank Rakyat understands your needs, expectations and limitations.
Key Features and Benefits of Bank Rakyat Credit Cards:
Here are some features and benefits offered by Bank Rakyat credit cards:
1. Shariah compliant
When you apply for a Bank Rakyat card, you will get a Shariah compliant credit card that follows the rules of Islamic finances. That means, there is no riba’ or no compounding element on your credit.
Plus, you will save a lot of money when spending with Bank Rakyat cards as they offer among the lowest profit rates (between 13.5% p.a. to 17% p.a.) in the market.
Since it abides by Shariah laws, the bank ensures a 0% mark up rate for overseas transactions, which means it does not charge additional fees on currency exchange.
2. Annual fee waiver
You will also be pleased to know that all Bank Rakyat credit cards' annual fees are waived with no conditions whatsoever.
The same goes to the Bank Rakyat Platinum Credit Card for the first year only; for the second year onward, you just make at least one transaction or charge a minimum RM0.01 in a year to waive the annual fee.
3. Rakyat Rewards and Profit Rebate
Enjoy a unique credit card rewards program where you can earn 1 Rakyat Reward for every RM10 spend on your credit card. T
hese reward points can be converted into cash at the rate of RM0.10 per 10 points. That’s not all, Bank Rakyat also rewards you with profit rebate of up to 3%. Isn’t that great?
You can redeem your Rakyat Rewards and Profit Rebate to redeem umrah or travel packages.
Or, you can redeem them as cash via cheque, credit to your Bank Rakyat Savings Account, or credit to your Bank Rakyat account to reduce your outstanding balance.
4. Free Takaful Coverage
All Bank Rakyat credit cards are offering a FREE Group Family Takaful Coverage of up to RM200,000 that covers for death and permanent disability.
In addition, you will receive a Compassionate Allowance of RM1,000 for funeral expenses.
5. Theft or loss of Bank Rakyat credit card
Can’t find your Bank Rakyat credit card? Don’t panic as you can reach out to Bank Rakyat Cards Centre at 03 2692 4600 to report a stolen or lost credit card.
If you’ve got any questions or a complaint, just phone the Bank Rakyat 24 hour hotline at 03 2693 6880.
Bank Rakyat Balance Transfer Plan
If you are looking for the lowest rates and most flexible repayment balance transfer plan, Bank Rakyat balance transfer plan is the answer.
You can transfer up to 100% of your credit card limit, with no lock-in period and no early settlement fee.
BANK RAKYAT BALANCE TRANSFER PLAN |
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