Bank Rakyat Classic Credit Card
Annual Fee : Free
Interest Rate : 13.5% p.a.
Minimal Income :
- Annual Fee: WAIVED with NO condition.
- NO compounding element.
- FREE Group Family Takaful Coverage and ‘Khairat Kematian’. Coverage includes guaranteed repayment of outstanding finances accrued through Credit Card-i usage.
- 0% Mark Up Rate for overseas transactions (NO additional fees on currency exchange for overseas transactions).
- 0% Instalment Plan facility for retail purchases of RM1,000 & above.
- NO Processing Fee
- NO Penalty Charge for full settlement
- LOW profit rate under the Credit Card-i Tiered Pricing Structure.
|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 %|
- Rakyat Rewards
1 point is given to cardholder every RM10 spent. The point would then be converted to cash at the rate of RM0.10 per 10 points.
- Profit Rebate (Tabung Rakyat Rewards). The rebate schedule as per below:
|Descriptions||Year 1||Year 2||Year 3|
|Auto Debit facility||0.5 %||0.5 %||0.5 %|
|Good Paymaster||1.0 %||1.0 %||1.5 %|
|Other Bank Rakyat Financing Facility||0.5 %||1.0 %||1.0 %|
(Tabung Rakyat Rewards)
|2.0 %||2.5 %||3.0 %|
- Zakat payment– Card is accepted for zakat payment.
- Discount for Mail Order/ Telephone Order (MOTO):
Privileges and special discounts under the Bank’s MOTO program. The program promotions will be sent together with the monthly Credit Card-i statement from time to time.
- Transactions at non-halal merchants will be declined.
- Overseas Transaction and Online Purchase : For security purpose, please contact our Bank Rakyat Card Centre at 03-2693 6880 before made any overseas and/or online transactions.
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