Bank Rakyat Platinum Explorer Credit Card-i
Islamic travel card with 5% cashback on flights and hotels and 3x yearly lounge access.
Eligibility
Minimum Monthly Income
RM 5,000 (RM 60,000 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 months salary slip
- Latest EA statement
- Latest EPF statement
- Letter of Employment or employer confirmation
Fees & Charges
Profit Rate
13.5% - 18%
Annual Fee
RM 0
Free*
Annual Fee Waiver
Yes
Free for life
Late Payment Compensation
RM 50 or 5% of the outstanding amount, whichever is higher
Profit Rate
13.5%
Features
5% cashback on any hotel and airline ticket purchases (capped up to RM1,000 per year)
1x Rakyat Rewards for every RM10 spent on local and overseas retail transactions and convert accumulated Rakyat Rewards to cash (10x points = RM0.10)
3x complimentary yearly access to all Plaza Premium Lounges in Malaysia and no mark up rate for overseas transactions
Free Group Family Takaful coverage and 'Khairat Kematian' which includes guaranteed repayment of your card's outstanding balances and pay for your Zakat confidently with this card!
Card usage is limited to Halal transactions only
Terms and Conditions
Product review by CompareHero
Bank Rakyat Platinum Explorer Credit Card-i
Bank Rakyat’s first ever travel credit card, the Bank Rakyat Platinum Explorer Credit Card-i offers rewards and privileges one cannot resist. Specially created with avid travellers in mind, if you’re one of those who travels frequently all over the world, there’s no reason for you not to get your hands on this credit card.
Receive 5% cashback for accommodation and transportation
With the Bank Rakyat Platinum Explorer Credit Card-i, you’ll be able to maximize cashback deals for all your travel adventures. How? When you use your Bank Rakyat Platinum Explorer Credit Card-i to pay for your flight tickets and hotel bookings, you’ll receive up to 5% cashback! The best part of it all? No minimum spending is required! The maximum cap of cashback you’ll receive is up to RM1,000 a year (that's around RM83 monthly).
Amazing travel benefits offered by the Bank Rakyat Platinum Explorer Credit Card-i
We all know how much of a burden it is to carry around cash while you’re travelling overseas. Hence, most of us tend to use a credit card for all expenses. Thankfully, with the Bank Rakyat Platinum Explorer Credit Card-i, you won’t be charged any additional fees on currency exchange rates for all your overseas transactions.
Moreover, you’ll get to enjoy up to 3x complimentary yearly access to the Plaza Premium Lounges right in Malaysia. Indulge in the exclusive comfortable sofas, beverages and meals offered only at Plaza Premium Lounges.
Travel safe and sound without any worries thanks to the complimentary Group Family Takaful Coverage as well as ‘Khairat Kematian’ that covers your whole entire family. Plus, it also covers any outstanding credit card balances left when you aren’t able to pay for them in time.
Earn Rakyat Rewards for all your spendings
Wouldn’t it be great to be rewarded when you pay for your expenses every month? When you spend with your Bank Rakyat Platinum Explorer Credit Card-i, for every RM10, you’ll receive 1x Rakyat Reward Point. Additionally, you will also be able to convert those points into cash based on an exchange rate of RM0.10 per every 10 Rakyat Reward Points.
Save more with the Bank Rakyat Platinum Explorer Credit Card-i
Yes, that’s right. Aside from all the perks and rewards stated above, you’ll save even more with the Bank Rakyat Platinum Explorer Credit Card-i! Enjoy a low interest rate of 13.5% compared to the usual 15%.
Furthermore, there will be no annual fees required with no specific conditions needed to be met. Hence, for as long as you own the Bank Rakyat Platinum Explorer Credit Card-i, you'll save more since you don’t have to pay any annual fees at all!
How do I apply for the Bank Rakyat Platinum Explorer Credit Card-i?
You could apply for this credit card via our online application form. It can be completed within two simple steps. All you have to do is fill in all your details and we will help to process it from there.
What are the Bank Rakyat Platinum Explorer Credit Card-i requirements?
To apply for this credit card, you have to be earning a stable monthly income of at least RM5,000 and be aged 21 years old and above for principal cards. For supplementary cardholders, your minimum age has to be at least 18 years old.