Public Bank Platinum MasterCard
Everyday rewards with the Public Bank Platinum Mastercard Credit Card
Eligibility
Minimum Monthly Income
RM 4,167 (RM 50,000 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):
Salaried Employees (Malaysian)
- A copy of your IC (both sides)
- Latest month's salary slip
- Latest EA statement
- Latest EPF statement
- Letter of Employment or employer confirmation
Self-Employed (Malaysian)
- A copy of your IC (both sides)
- Latest 1 year Tax Returns/Receipts
- Latest 6 months company CASA statement (for company directors)
Fees & Charges
Interest Rate
15% - 18%
Annual Fee
RM 0
Free*
Annual Fee Waiver
Yes
Free for the first year and waived with minimum 12 swipes in the previous 12 months. Otherwise, RM333 for Principal Card and RM150 for Supplementary Card
Late Payment Fee
RM 50 or 5% of the outstanding amount, whichever is higher
Interest Rate
15%
Features
Good for Rewards/Offers
1X VIP Point for every RM1 spend on all retail transactions
Complimentary travel insurance coverage of up to RM500,000
Protect your online purchases from possible losses with an E-commerce Purchase Protection Plan worth up USD 200 per claim 50% discount on Will and Wasiat Writing Service fees
Terms and Conditions
Product review by CompareHero
What Is the Public Bank Platinum Mastercard Credit Card?
The Public Bank Platinum Mastercard Credit Card is a rewards credit card that lets you earn 1 VIP Point for every RM1 spent while providing travel protection and online purchase protection. With a minimum annual income requirement of RM50,000, the card also offers complimentary travel insurance, PBe online banking, and a discount on Will and Wasiat Writing Services.
Benefits of the Public Bank Platinum Mastercard Credit Card
- Earn 1 VIP Point for every RM1 spent.
- Enjoy complimentary automatic travel insurance with coverage of up to RM500,000.
- Receive e-Commerce Purchase Protection for eligible online purchases.
- Manage your account anytime through PBe online banking.
- Enjoy35% offWill and Wasiat Writing Service fees through PB Trustee Services Berhad.
VIP Points and Travel Benefits
The Public Bank Platinum Mastercard Credit Card rewards your spending with VIP Points while providing travel protection for eligible trips.
VIP Points
Earn 1 VIP Point for every RM1 spent. VIP Points are valid for three years and can be redeemed through the Public Bank Preferred Redemption Rewards Catalogue.
Selected transactions are excluded from earning VIP Points under Public Bank's prevailing terms and conditions.
Complimentary Automatic Travel Insurance
Charge your full travel fare to your Public Bank Platinum Mastercard Credit Card to enjoy complimentary automatic travel insurance with coverage of up to RM500,000, subject to the applicable terms and conditions.
Additional Benefits
The Public Bank Platinum Mastercard Credit Card includes e-Commerce Purchase Protection, providing coverage of up to USD200 per claim per annum for eligible online purchases against:
- Non-delivery after 30 days of the scheduled delivery date.
- Wrong or incomplete delivery.
- Physical damage to the delivered item.
You can also manage your Public Bank Platinum Mastercard Credit Card through PBe online banking, allowing you to access banking services anytime.
Cardholders also enjoy 35% off Will and Wasiat Writing Service fees through PB Trustee Services Berhad.
Fees and Charges
The Public Bank Platinum Mastercard Credit Card offers the following fees and charges:
- Annual fee (principal): First year waived. Subsequent years are waived with a minimum of 12 retail swipes over the preceding 12 months.
- Annual fee (supplementary): First year waived. Subsequent years are waived with a minimum of 12 retail swipes over the preceding 12 months.
- Government Service Tax: RM25 per card upon activation and every anniversary thereafter.
- Cash advance fee: 5% of the amount withdrawn or RM20, whichever is higher.
- Cash advance interest: 18% p.a., calculated from the transaction date until full repayment.
- Late payment charge: 1% of the outstanding balance, subject to a minimum of RM10 and a maximum of RM100.
- Minimum monthly payment: RM50 or 5% of the outstanding balance, whichever is higher.
Retail transactions are subject to tiered finance charges of 15% p.a., 17% p.a. or 18% p.a., depending on your repayment behaviour.
Eligibility Requirements
To apply for the Public Bank Platinum Mastercard Credit Card, you must:
- Be 21 years old and above for a principal cardholder.
- Be 18 years old and above for a supplementary cardholder.
- Earn a minimum annual income of RM50,000.
Required Documents
Prepare the following documents when applying for the Public Bank Platinum Mastercard Credit Card.
Identification documents
- MyKad, MyTentera, MyPR, MyKas or Police ID (front and back), where applicable.
- Passport (for passport holders).
Income documents(submit one, where applicable)
- Latest one month's salary slip.
- Latest EA Statement.
- Latest EPF Statement.
- Employment Letter or Employer Confirmation.
- Latest one year's Income Tax Return and Tax Receipt.
- Latest six months' Company CASA Statement (for company directors).
Additional documents
- Valid Work Permit (for passport holders).
Public Bank may request additional supporting documents depending on your application.
How to Apply
Compare the Public Bank Platinum Mastercard Credit Card with other credit cards on CompareHero and apply online in just a few steps. Eligible applicants may also enjoy exclusive sign-up offers, subject to the campaign's terms and conditions.