Public Islamic Bank Removes Hibah Performance Bonus Feature For Four Credit Cards

Alex Cheong Pui Yin

14th December 2020 - 2 min read

Public Islamic Bank (PIB) has announced some changes to the features of all its credit cards, removing their unlimited hibah performance bonus on local and overseas retail purchases. Slated to take effect starting from 1 January 2021, the four cards involved are:

Public Islamic Bank Visa Platinum credit card-i
Public Islamic Bank Platinum Mastercard credit card-i
Public Islamic Bank Gold Visa credit card-i
Public Islamic Bank Mastercard Gold credit card-i

In the case of the Public Islamic Bank Visa Platinum credit card-i and Public Islamic Bank Platinum Mastercard credit card-i, cardholders are currently allowed to earn an unlimited hibah performance bonus of 0.2% on both local and overseas retail purchases. This feature will be removed come the start of next year.

Similarly, the bank will also remove the unlimited hibah performance bonus of 0.1% on local and overseas retail spend for the Public Islamic Bank Visa Gold credit card-i and Public Islamic Bank Gold Mastercard credit card-i.

Credit cards

Before 1 January 2021

Effective 1 January 2021

– Public Islamic Bank Visa Platinum credit card-i

– Public Islamic Bank Platinum Mastercard credit card-i

Unlimited hibah performance bonus of 0.2% on local and overseas retail purchases

Removed

– Public Islamic Bank Gold Visa credit card-i

– Public Islamic Bank Mastercard Gold credit card-i

Unlimited hibah performance bonus of 0.1% on local and overseas retail purchases

The hibah performance bonus feature enables cardholders to earn a certain percentage of cash rebate for every ringgit spent on the card. But with these changes, these cards will no longer offer any rebates for retail transactions. Instead, the Public Islamic Bank Visa Platinum credit card-i and Public Islamic Bank Platinum Mastercard credit card-i will continue to provide cardholders with perks such as free automatic travel coverage of up to RM500,000 and 2x complimentary access to any Plaza Premium Lounge in Malaysia.

For more information, cardholders can contact the bank’s PB Card Services at 03-21768000, or email Public Islamic Bank’s customer service at [email protected].

(Source: Public Bank)

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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