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Apply For Bank Rakyat Credit Cards Online

Bank Rakyat is a local, Islamic bank with 180+ Branches. They offer 5 different Credit Cards, and 5 Personal Loans


List of the best Credit Cards by Bank Rakyat Malaysia

Bank Rakyat offers a bevy of financial products to the consumers, such as personal loans with competitive rates.

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Credit CardMin. annual
income required (RM)
Annual fee
for
principal card
Annual fee
for
supplementary
card
Conditions for waiver
Bank Rakyat Credit Card-i Platinum
60,000
RM 388RM 1502nd and subsequent years will be waived
with at least one swipe per year
Bank Rakyat Platinum Explorer Credit Card-i
60,000waivedwaivedwaived with
no condition
Bank Rakyat Credit Card-i Gold
36,000RM 150RM 80waived with
no condition
Bank Rakyat Credit Card-i Classic
24,000
RM 60RM 30waived with
no condition
Bank Rakyat Muslimah Credit Card-i
24,000
RM 150
RM 80
waived with
no condition
Credit Card-i Bank Rakyat-Takaful IKLHAS
24,000waived
waived
waived with
no condition

[last updated: 08 Nov 2019]

CLICK HERE TO APPLY

Features & Benefits

  • an Islamic credit card that is Syariah-compliant, based on the concept of Tawaruq
  • ZERO annual fees
  • no compounding element
  • low profit rate
  • earn 5% cash back for all airlines and hotel bookings
  • enjoy 3X complimentary access yearly to all Plaza Premium Lounges in Malaysia
  • no mark-up rate on currency exchange for overseas transactions
  • free Group Family Takaful coverage and Khairat Kematian, coverage includes guaranteed repayment of outstanding finances accrued through Credit Card-i usage
  • Rakyat Rewards of 1 point is awarded for every RM10 spent, and points could be converted to cash at the rate of RM0.10 per 10 points
  • card is accepted for your Zakat payment
  • transactions at non-halal merchants will be declined
  • eligible for privileges and special discounts under the Mail Order / Telephone Order (MOTO) program

Eligibility

  • minimum annual income - RM 60,000 (or RM 5,000 monthly)
  • principal cardholder minimum age - 21 years old
  • supplementary cardholder minimum age - 18 years old
  • maximum applicant age - 65 years old

Fees & Charges

  • annual fees - waived
  • annual service tax - RM 25 per card
  • card replacement - RM 50 per card
  • minimum monthly payment - 5% of total outstanding balance or RM50, whichever higher
  • late payment compensation - 1% of current balance or RM10 up to maximum RM100, whichever higher
  • cash withdrawal through Bank Rakyat - 3% or RM20, whichever higher
  • cash withdrawal through other banks - 5% or RM20, whichever higher
  • cash withdrawal profit charges - 18% p.a.
TierCriteriaYearly Profit Rate
Tier 1:
Minimum payment received before or on the due date for 9 consecutive months
Non-Bank Rakyat Share Member13.5%
Bank Rakyat Share Member
13.0%
Tier 2:
Minimum payment received before or on the due date for 6 months or more within a 9 months' period
Non-Bank Rakyat Share Member
17.0%
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
18.0%
Bank Rakyat Share Member
17.0%

*Tiered pricing structure above not applicable for Bank Rakyat staff

Documents Required

CategoryDocuments to prepare
government servants

compulsory

  • copy of MyKad (front and back) or passport
  • copy of latest pay slip
private sector
employees

compulsory

  • copy of MyKad (front and back) or passport
  • copy of latest pay slip
  • EA Form / latest 6 months' EPF statement 
monthly salary
with
commission base

compulsory

  • copy of MyKad (front and back) or passport
  • copy of latest pay slip

any of the following where necessary

  • EA Form / latest 6 months' EPF statement
  • copy of latest 6 months' commission statement
no basic pay,
full commission base

compulsory

  • copy of MyKad (front and back) or passport
  • copy of latest 12 months' commission statement
self-employed

compulsory

  • copy of MyKad (front and back) or passport
  • copy of business registration
  • copy of latest 6 months' bank statement
  • copy of latest Form B
  • copy of tax payment receipt
expats

compulsory

  • copy of passport
  • copy of Bank Rakyat Savings Account-i bank statement
  • copy of contract confirmation letter from employer
pensioner

compulsory

  • copy of MyKad (front and back) or passport
  • copy of latest 3 months' bank statement showing the crediting of pension amount into the account

Reference

CLICK HERE TO APPLY

Features & Benefits

  • the one and only Syariah-compliant Credit Card-i for women in Malaysia
  • based on the Syariah concept of Tawarruq
  • annual fee waived with no condition
  • no compounding elements
  • enjoy FREE Group Family Takaful coverage and Khairat Kematian, includes guaranteed repayment of outstanding finances accrued through Credit Card-i usage
  • 0% mark up rate on currency exchange for overseas transactions
  • 0% instalment plan facility for retail purchases of RM 1,000 and above, no processing fee, no penalty charge for full settlement
  • get birthday rewards
  • enjoy low profit rate under the tiered rate structure
  • Rakyat Rewards - earn 1 point for every RM 10 spent, could be converted to cash at the rate of RM 0.10 per 10 points
  • card is accepted for your Zakat payments
  • cardholders are eligible for privileges and special discounts under the bank's Mail Order Telephone Order (MOTO) program
  • enjoy profit rebate through Tabung Rakyat Rewards:
ItemYear 1Year 2Year 3
auto-debit facility0.5%0.5%
0.5%
good paymaster1.0%1.0%
1.5%
other Bank Rakyat
Financing Facility
0.5%
1.0%
1.0%
Total Rebate
(Tabung Rakyat Rewards)
2.0%2.5%3.0%
 

Eligibility

  • only for women
  • minimum annual income - RM 24,000
  • minimum age - 21 years old (principal card)
  • minimum age - 18 years old (supplementary card)
  • maximum age limit - 65 years old

Fees & Charges

  • principal annual fees - RM150 (waived with no condition)
  • supplementary annual fees - RM80 (waived with no condition)
  • annual service tax - RM 25 per card
  • card replacement - RM 50 per card
  • minimum monthly payment - 5% of total outstanding balance or RM50, whichever higher
  • late payment compensation - 1% of current balance or RM10 up to maximum RM100, whichever higher
  • cash withdrawal through Bank Rakyat - 3% or RM20, whichever higher
  • cash withdrawal through other banks - 5% or RM20, whichever higher
  • cash withdrawal profit charges - 18% p.a.
TierCriteriaYearly Profit Rate
Tier 1:
Minimum payment received before or on the due date for 9 consecutive months
Non-Bank Rakyat Share Member13.5%
Bank Rakyat Share Member
13.0%
Tier 2:
Minimum payment received before or on the due date for 6 months or more within a 9 months' period
Non-Bank Rakyat Share Member
17.0%
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
18.0%
Bank Rakyat Share Member
17.0%

*Tiered pricing structure above not applicable for Bank Rakyat staff

Documents Required

CategoryDocuments to prepare
government servants

compulsory

  • copy of MyKad (front and back) or passport
  • copy of latest pay slip
private sector
employees

compulsory

  • copy of MyKad (front and back) or passport
  • copy of latest pay slip
  • EA Form / latest 6 months' EPF statement 
monthly salary
with
commission base

compulsory

  • copy of MyKad (front and back) or passport
  • copy of latest pay slip

any of the following where necessary

  • EA Form / latest 6 months' EPF statement
  • copy of latest 6 months' commission statement
no basic pay,
full commission base

compulsory

  • copy of MyKad (front and back) or passport
  • copy of latest 12 months' commission statement
self-employed

compulsory

  • copy of MyKad (front and back) or passport
  • copy of business registration
  • copy of latest 6 months' bank statement
  • copy of latest Form B
  • copy of tax payment receipt
expats

compulsory

  • copy of passport
  • copy of Bank Rakyat Savings Account-i bank statement
  • copy of contract confirmation letter from employer
pensioner

compulsory

  • copy of MyKad (front and back) or passport
  • copy of latest 3 months' bank statement showing the crediting of pension amount into the account

Reference

CLICK HERE TO APPLY

Features & Benefits

  • Syariah-compliant credit card
  • based on the concept of Tawaruq Murabahah
  • ZERO annual fee for lifetime
  • no compounding element
  • benevolence token of RM 1,000
  • enjoy FREE Takaful coverage

Eligibility

  • minimum annual income - RM 24,000
  • minimum age - 21 years old (principal card)
  • minimum age - 18 years old (supplementary card)
  • must be a Takaful IKHLAS Certificate holder

Fees & Charges

  • annual fees - waived with no condition
  • annual service tax - RM 25 per card
  • card replacement - RM 50 per card
  • minimum monthly payment - 5% of total outstanding balance or RM50, whichever higher
  • late payment compensation - 1% of current balance or RM10 up to maximum RM100, whichever higher
  • cash withdrawal through Bank Rakyat - 3% or RM20, whichever higher
  • cash withdrawal through other banks - 5% or RM20, whichever higher
  • cash withdrawal profit charges - 18% p.a.
TierCriteriaYearly Profit Rate
Tier 1:
Minimum payment received before or on the due date for 9 consecutive months
Non-Bank Rakyat Share Member13.5%
Bank Rakyat Share Member
13.0%
Tier 2:
Minimum payment received before or on the due date for 6 months or more within a 9 months' period
Non-Bank Rakyat Share Member
17.0%
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
18.0%
Bank Rakyat Share Member
17.0%

*Tiered pricing structure above not applicable for Bank Rakyat staff

Documents Required

CategoryDocuments to prepare
salary employed

compulsory

  • copy of MyKad (front and back) or passport

any of the following where necessary

  • copy of latest 3 months' pay slip
  • copy of latest EA Form and EPF statement
    self-employed

    compulsory

    • copy of MyKad (front and back) or passport
    • photocopy of business registration
    • latest 6 months' bank statement
    • B Form
    • tax payment receipt
    • any other supporting documents as required by the bank
      non-Malaysian
      citizens

      compulsory

      • copy of passport

      any of the following where necessary

      • copy of Bank Rakyat's Savings-i Account
      • copy of contract confirmation letter from employer

      CLICK HERE TO APPLY

      Features & Benefits

      • based on Syariah concept of Tawarruq Murabahah
      • low profit rate from 13.5% p.a.
      • annual fee waived with a minimum of 1 swipe per year
      • no compounding elements
      • FREE Takaful coverage
      • zero mark-up rate on all overseas transaction
      • benevolence token of RM 1,000
      • card accepted for making Zakat payments
      • enjoy great discounts and privileges from MasterCard
      • exclusive discounts from MOTO program
      • 20 days profit charges free period
      • may convert Rakyat Rewards point into cash, where RM 100 = 10 points = RM 0.10

      Eligibility

      • minimum annual income - RM 60,000
      • minimum age - 21 years old (principal card)
      • minimum age - 18 years old (supplementary card)

      Fees & Charges

      • principal annual fees - RM 388 (waived with minimum 1 swipe per year)
      • supplementary annual fees - RM 150 (waived with minimum 1 swipe per year)
      • annual service tax - RM 25 per card
      • card replacement - RM 50 per card
      • minimum monthly payment - 5% of total outstanding balance or RM50, whichever higher
      • late payment compensation - 1% of current balance or RM10 up to maximum RM100, whichever higher
      • cash withdrawal through Bank Rakyat - 3% or RM20, whichever higher
      • cash withdrawal through other banks - 5% or RM20, whichever higher
      • cash withdrawal profit charges - 18% p.a.
      TierCriteriaYearly Profit Rate
      Tier 1:
      Minimum payment received before or on the due date for 9 consecutive months
      Non-Bank Rakyat Share Member13.5%
      Bank Rakyat Share Member
      13.0%
      Tier 2:
      Minimum payment received before or on the due date for 6 months or more within a 9 months' period
      Non-Bank Rakyat Share Member
      17.0%
      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
      18.0%
      Bank Rakyat Share Member
      17.0%

      *Tiered pricing structure above not applicable for Bank Rakyat staff

      Documents Required

      CategoryDocuments to prepare
      salary employed

      compulsory

      • copy of MyKad (front and back) or passport

      any of the following where necessary

      • copy of latest 3 months' pay slip
      • copy of latest EA Form and EPF statement
        self-employed

        compulsory

        • copy of MyKad (front and back) or passport
        • copy of business registration
        • latest 3 months' payment slip
        • B Form
        • any other supporting documents as required by the bank
          non-Malaysian
          citizens

          compulsory

          • copy of passport

          any of the following where necessary

          • copy of Bank Rakyat's Savings-i Account
          • copy of confirmation letter from your contracting employer

          CLICK HERE TO APPLY

          Features & Benefits

          • Syariah-compliant to the Islamic concept of Murabahah
          • no compounding elements
          • FREE Takaful coverage
          • ZERO annual fee for life
          • ZERO mark-up rate on all overseas transaction
          • low profit rate from 13.5% p.a.
          • card accepted for making your Zakat payment
          • benevolence token of RM 1,000
          • 20-days profit rates free period
          • enjoy great discounts and privileges from MasterCard and MOTO program
          • may convert Rakyat Rewards into cash, where RM 100 = 10 points = RM 0.10 

          Eligibility

          • minimum annual income - RM 36,000
          • minimum age - 21 years old (principal)
          • minimum age - 18 years old (supplementary)

          Fees & Charges

          • principal annual fees - RM 150 (waived with no condition)
          • supplementary annual fees - RM 80 (waived with no condition)
          • annual service tax - RM 25 per card
          • card replacement - RM 50 per card
          • minimum monthly payment - 5% of total outstanding balance or RM50, whichever higher
          • late payment compensation - 1% of current balance or RM10 up to maximum RM100, whichever higher
          • cash withdrawal through Bank Rakyat - 3% or RM20, whichever higher
          • cash withdrawal through other banks - 5% or RM20, whichever higher
          • cash withdrawal profit charges - 18% p.a.
          TierCriteriaYearly Profit Rate
          Tier 1:
          Minimum payment received before or on the due date for 9 consecutive months
          Non-Bank Rakyat Share Member13.5%
          Bank Rakyat Share Member
          13.0%
          Tier 2:
          Minimum payment received before or on the due date for 6 months or more within a 9 months' period
          Non-Bank Rakyat Share Member
          17.0%
          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
          18.0%
          Bank Rakyat Share Member
          17.0%

          *Tiered pricing structure above not applicable for Bank Rakyat staff

          Documents Required

          CategoryDocuments to prepare
          salary employed

          compulsory

          • copy of MyKad (front and back) or passport

          any of the following where necessary

          • copy of latest 3 months' pay slip
          • copy of latest EA Form and EPF slip
            self-employed

            compulsory

            • copy of MyKad (front and back) or passport
            • copy of company registration documents
            • latest 3 months' payment slip
            • B Form
            • any other supporting documents as required by the bank
              non-Malaysian
              citizens

              compulsory

              • copy of passport

              any of the following where necessary

              • copy of Bank Rakyat's Savings-i Account
              • copy of confirmation letter from your employer stating your contract period

              CLICK HERE TO APPLY

              Features & Benefits

              • based on Syariah concept of Murabahah
              • no compounding elements
              • profit rate as low as 13.5% p.a.
              • ZERO annual fee for lifetime
              • ZERO mark-up rate on all overseas transaction
              • FREE Takaful coverage
              • acceptance for Zakat payment
              • benevolence of RM 1,000
              • 20-days profit rates free period
              • enjoy great discounts and privileges from MasterCard and MOTO program
              • may convert your Rakyat Rewards into cash, where RM 100 = 10 points = RM 0.10

              Eligibility

              • minimum annual income - RM 24,000
              • minimum age for principal card - 21 years old
              • minimum age for supplementary card - 18 years old

              Fees & Charges

              • principal annual fees - RM 60 (waived with no condition)
              • supplementary annual fees - RM 30 (waived with no condition)
              • annual service tax - RM 25 per card
              • card replacement - RM 50 per card
              • minimum monthly payment - 5% of total outstanding balance or RM50, whichever higher
              • late payment compensation - 1% of current balance or RM10 up to maximum RM100, whichever higher
              • cash withdrawal through Bank Rakyat - 3% or RM20, whichever higher
              • cash withdrawal through other banks - 5% or RM20, whichever higher
              • cash withdrawal profit charges - 18% p.a.
              TierCriteriaYearly Profit Rate
              Tier 1:
              Minimum payment received before or on the due date for 9 consecutive months
              Non-Bank Rakyat Share Member13.5%
              Bank Rakyat Share Member
              13.0%
              Tier 2:
              Minimum payment received before or on the due date for 6 months or more within a 9 months' period
              Non-Bank Rakyat Share Member
              17.0%
              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
              18.0%
              Bank Rakyat Share Member
              17.0%

              *Tiered pricing structure above not applicable for Bank Rakyat staff

              Documents Required

              CategoryDocuments to prepare
              salary employed

              compulsory

              • copy of MyKad (front and back) or passport

              any of the following where necessary

              • copy of latest 3 months' pay slip
              • copy of latest EA Form and EPF slip
                self-employed

                compulsory

                • copy of MyKad (front and back) or passport
                • copy of company registration documents
                • latest 3 months' payment slip
                • B Form
                • any other supporting documents as required by the bank
                  non-Malaysian
                  citizens

                  compulsory

                  • copy of passport

                  any of the following where necessary

                  • copy of Bank Rakyat's Savings-i Account
                  • copy of confirmation letter from your employer stating your contract period

                  Bank Rakyat is an Islamic cooperative bank that was established in Malaysia on 28th September 1954. It is the result of the merger of 11 union banks. However, it only became Syariah compliant with several branches in 1993, before becoming the Islamic cooperative bank it is today in 2003. That changed enabled the bank to record encouraging profits year after year.

                  Its products and facilities include consumer banking, commercial financing, savings, and investments, as well as financial planning products. This allows the bank to handle the demands of the modern-day consumer. They have also received various recognitions as an industry player and as an outstanding cooperative organization internationally and in Malaysia.