Classic Credit cards don’t always mean there is less for the card to offer. It just means that the card is easier to handle.
So what is great about the card?
First of all, unlike most credit cards, Bank Islam cards come with lower interest rates than most cards, effective immediately when you sign up.
So instead of having a regular interest range of 15% to 18% per annum. Bank Islam cards, come with a minimum interest rate of 13.5% and goes up to a maximum of 17.5% p.a.
This means great savings especially when you get to save on annual fees too, although this card has an annual it’s also has a pretty quick fee waiver. All you have to do swipe the card 12 times a year and poof no more annual fees.
Well this card is Shariah compliant adopting the concept of Tawarruq, therefore you only have a contract of 3 years. There are no joining fees so that means you get to save more there.
Bank Islam cardmembers can now also make their zakat contributions by way of their Bank Islam account. Not to mention you can enjoy the international perks of having MasterCard status and rewards points when you spend on this card.
Apart from that, Bank Islam credit cards now come with the most advanced Smart Chip technology so say hello to the latest in contactless transactions.
Any value added benefits?
Of course, there’s a benefit besides rewards. It’s always great to have an installment plan in your back pocket. With Bank Islam, you have two. There is the Bank Islam Easy Payment Plan and the Bank Islam Installment Payment Plan.
Both plans work with any amount of charge over RM150 and have repayment tenures of up to 36 months. The best part is that with both plans you have a 0% interest policy. So make all your payments on time and in full and you never have to worry about interest on your shopping again.