Bank Rakyat Gold Credit Card-i
Zero annual fee for life, 1 Rakyat Reward Point per RM10, and free Takaful family coverage.
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 3-6 months salary slip
- Latest EA statement
- Latest EPF statement
- Letter of Employment or employer confirmation
- Latest 1 year official tax receipt
- Latest 3 months bank statement
Fees & Charges
Profit Rate
13.5% - 18%
Annual Fee
RM 0
Free*
Annual Fee Waiver
Yes
Waived for life
Late Payment Compensation
RM 50 or 5% of the outstanding amount, whichever is higher
Profit Rate
13.5%
Features
Earn 1 Rakyat Reward Point for every RM10 spent locally or overseas. Points convert to cash at 10 points per RM0.10. Use Auto Debit, hold a Bank Rakyat loan, or maintain a good payment record to earn up to 3% profit rebate.
No currency exchange markup on overseas transactions and pay exactly the posted rate when using the card abroad.
Split large purchases into smaller monthly instalments at 0% interest through Bank Rakyat's Easy Payment Plan.
Transfer outstanding balances from other credit cards to this card and repay at a lower interest rate.
Get free Group Family Takaful coverage with guaranteed repayment of outstanding credit card balances, plus RM1,000 Khairat Kematian benefit. Zakat payments are also supported directly through the card.
Terms and Conditions
Product review by CompareHero
The Shariah-based credit card that requires all cardholders to pay zero annual fees for life while also offering rewards when you spend with your Bank Rakyat Credit Card-i Gold, applicable to Halal merchants only.
Get rewarded based on Halal transactions with the Bank Rakyat Credit Card-i Gold
Spend effortlessly with your Bank Rakyat Credit Card-i Gold and receive 1 Rakyat Reward Point for every RM10! This included every single expense, but only Halal merchants only. You could also convert all the Rakyat Rewards Points into cash at the rate of 10 points per RM0.10. Pretty convenient if you’re in need of cash!
Free Takaful coverage for your family
Whether you’re always travelling with your family or having financial trouble whereby you’re unable to pay for your credit card bills, the Bank Rakyat Credit Card-i Gold offers free Takaful protection coverage for you and your family.
We can’t stop situations when there is death or accidents involved in your family which causes financial burdens. Don’t worry about settling your credit card overdue payments as the Takaful coverage offered by the Bank Rakyat Credit Card-i Gold will take care of everything for you.
You will also be compensated for RM1,000 when a family member passes away.
Bank Rakyat Credit Card-i Gold - zero annual fees with no conditions required
You wouldn’t have to pay any annual fees at all when you own the Bank Rakyat Credit Card-i Gold. There won’t be any conditions needed to be met in order to get your annual fee waived as it is free for life.
Low rates with the Bank Rakyat Credit Card-i Gold
The Bank Rakyat Credit Card-i Gold also offers a low interest rate at only 13.5% unlike most credit cards that charge an interest rate of 15% every year. How this works is that if you make the minimum payment before or on the due date itself for 9 consecutive months, the interest rate charged will only be 13.5% and not the standard rate of 15%.
When you’re overseas and use your Bank Rakyat Credit Card-i Gold to pay for your expenses, you will not be charged with any additional rates for the currency exchange.
Frequently Asked Questions (FAQ)
How do I apply for the Bank Rakyat Credit Card-i Gold?
What are the Bank Rakyat Credit Card-i Gold requirements?
Is there an annual fee for the Bank Rakyat Credit Card-i Gold?
What are the fees or charges applied for the Bank Rakyat Credit Card-i Gold?
What are the top benefits of the Bank Rakyat Credit Card-i Gold?
• Gain 1 Rakyat Reward Point for all expenses per RM10 spent
• Complimentary Takaful Protection for family
• No annual fees
• Low interest rate at only 13.5%