Bank Islam Visa Platinum Credit Card-i
Upgrade your shopping and travel experiences with platinum lifestyle privileges, up to 5% cashback, and free travel takaful coverage of up to RM1,000,000.
Eligibility
Minimum Monthly Income
RM 3,000 (RM 36,000 annually)
Min. Age
Cardholder: 21 years old
Supplementary Cardholder: 18 years old
Resident Status
Anybody
Documents required to apply
You will need to provide several documents such as (varies between different banks):
- A copy of your IC (both sides)
- Latest 1-3 months salary slip or
- Letter of Employment or
- Latest EPF statement or
- Latest EA and BE Form
Fees & Charges
Profit Rate
13.5% - 17.5%
Annual Fee
RM 0
Free*
Annual Fee Waiver
Yes
Minimum 12 transactions per annum to get waived annual fee
Late Payment Compensation
RM 50 or 5% of the outstanding amount, whichever is higher
Profit Rate
13.5%
Features
Earn Cashback on All Spending
Earn up to 5% cashback on online purchases, groceries, dining, and auto-billings, capped at RM30 monthly. You also earn 1% cashback on overseas spending when you hit RM5,000 and above each month, while local transactions give you unlimited 0.2% cashback.
Free Travel Takaful Coverage Wherever You Go
Receive free travel takaful coverage of up to RM1,000,000 with 24/7 Visa Concierge Service assistance during your travels.
Installment Payment Plan (IPP)
The Bank Islam Instalment Payment Plan offers payment terms of up to 36 months at 0% interest when you buy items from selected retail merchants. To qualify for this interest-free split payment schedule, your purchase must meet a minimum transaction amount of RM150.
Balance Transfer Plan
You can transfer outstanding credit card balances from other banks to this card with a repayment schedule of up to 36 months. This balance transfer plan features a profit rate starting from 3.88% per annum, and you can apply with a minimum transfer amount of RM500.
Free Takaful Coverage
Receive free travel takaful coverage of up to RM1,000,000, which extends personal accident protection to your family members during your travels.
Terms and Conditions
Product review by CompareHero
Bank Islam Visa Platinum Credit Card-i
The Bank Islam Visa Platinum Credit Card-i functions as a targeted utility card for consumers looking to offset regular domestic billings and household expenditures against a structured rebate framework. By tying its highest rebate yields to steady monthly expenditure, it fits household managers who channel their fixed overheads through a single card account.
Tiered Cashback on Everyday Categories and Overseas Purchases
This card distributes its primary value across online transactions, auto-billing setups, grocery purchases, and dining. The cashback yields are determined by your total combined spending within these designated groupings during a single calendar month.
- 3% Cashback: Distributed on combined category spending between RM500 and RM1,499.99 per month.
- 5% Cashback: Triggered when monthly category spending reaches RM1,500 and above.
The collective cashback payout for these four domestic categories is limited to a maximum of RM30 monthly per card account.
For transactions processed outside Malaysia, cardholders receive a flat 1% cashback rate. This overseas rate becomes active once total monthly spending hits RM5,000 or more, with the payout capped separately at RM100 per month. Regular local retail transactions that fall outside the four primary categories earn an unlimited 0.2% cashback rate, provided your total monthly card spending is at least RM500.
Travel Takaful Protection Details
Cardholders qualify for free travel takaful coverage when the full retail price of scheduled commercial flight tickets is charged to the card before departure. The core policy provides personal accident protection covering death or total permanent disability for a maximum sum of RM1,000,000.
The plan incorporates a transit inconvenience allowance to handle baggage delays or missed flight connections, paying out compensation up to RM1,000 for any single documented event.
Split Payment Plans for Large Expenses
Large transactions can be divided into smaller monthly instalments through two separate programs depending on merchant integration:
| Plan Parameter | Participating Retail Merchants (IPP) | Non-Participating Merchants (GoFlexi Program) |
| Profit Rate | 0% p.a. | 0% p.a. |
| Repayment Terms | Up to 36 months | 6, 9, or 12 months |
| Upfront Handling Fees | None | 4.5% of the total transaction value |
| Activation Step | Request at the cashier counter during purchase | Apply through banking channels after purchase posting |
Annual Fee and Exemption Criteria
The primary card balance carries a standard annual fee of RM388. Cardholders are exempt from this charge if they record at least 12 retail transactions on the card account within a 12-month cycle. The waiver criteria do not enforce a minimum transaction value benchmark for the 12 purchases.
Frequently Asked Questions (FAQ)
How much credit limit can I get with this Bank Islam Visa Platinum Credit Card-i?
Meanwhile, those with an annual salary of RM36,000 and above will be given a credit limit of 2.5 times their monthly salary.
What are the fees charged if I want to make a cash withdrawal from this credit card?
If the cash is withdrawn at a non-Bank Islam ATM, a fee of 3% of the withdrawn amount or RM50 will be charged, depending on whichever is higher.