Bank Islam Gold MasterCard Card-i

A credit card based on Shariah principles - only accepts transactions from Halal merchants.

Bank Islam Gold MasterCard Card-iWorldwide Recognition
Min. Income
RM2,000/month
Annual Fee
Free*
Easy Payment Plan
From 0% p.a.
Interest Rate
13.5% p.a.
Interest-free
20 days

Rewards

1x TruPoints for every RM1 spend on your Gold MasterCard Card-i.

TruRewards Loyalty Programme
EarnSpend
1 point on every RM1on all local and overseas retail expenses

Premium

Complimentary Group Family Takaful coverage of up to RM100000 and funeral expenses of RM1000.

Easy Payment Plans

Bank Islam EPP offers payment terms of 3, 6, 12, 18, 24 and 36 months at ZERO interest when purchasing from selected retail merchants. Minimum transaction is RM1000.

Bank Islam Installment Payment Plan
Pay OverWith Interest Rate AtWhen You Spend
3 months0% p.a. and no one-time upfront handling feeRM150
6 months0% p.a. and no one-time upfront handling feeRM300
12 months0% p.a. and no one-time upfront handling feeRM600
18 months0% p.a. and no one-time upfront handling feeRM900
24 months0% p.a. and no one-time upfront handling feeRM1,200
36 months0% p.a. and no one-time upfront handling feeRM1,800
Learn more about Bank Islam Installment Payment Plan

Fees & Charges

Annual Fee
  • RM130 primary card

    Waived when 12 swipes per year

  • RM60 supplementary card
Sales and Service Tax
RM25 on each principal and supplementary card upon approval and anniversary date
Minimum Monthly Payment
RM50 or 5% of outstanding amount, whichever is higher
Late Payment Fee
RM5 or 1% of outstanding amount, up to a maximum of RM50
Cash withdrawal fee
RM12 or 2.5% of withdrawn amount, whichever is higher
Interest Rate on Cash Withdrawals
18%

Requirements

Minimum Annual Income
RM24,000
Minimum Age
  • 21 years old  years old primary card
  • 18 years old supplementary card
Who can apply
  • Anybody

Features

Easy Payment Plan
Bank Islam Installment Payment Plan
Check out the Bank Islam IPP and enjoy interest free shopping with a minimum amount of RM150 only!

Review

Maintaining a credit card is hard enough to do without all the stress of adding on an interest payment to the outstanding balance.

However with the Bank Islam MasterCard you get to cash in on great deals with MasterCard privileges but have fun with lower interest rates.

Lower interest rates?

Yes you read that right. Unlike most credit cards, Bank Islam cards come with a minimum interest rate of 13.5% per annum rather than 15%. The highest annual interest rate is 17.5% p.a.

On top of that, there is no joining fee for this Islamic credit card. Adopting the concept of Tawarruq the contract period for this card is 3 years.

Card features?

Well since this is a Shariah compliant credit card, it can only be used for transactions at Halal merchants. So before you go shopping please make sure to double check if the merchant meets the card requirements.

Also, when applying for this card be sure to set a profit margin that works best for you. Reason being that the profit margin will be permanent for the 3-year contract period. The card can be used worldwide and has MasterCard recognition everywhere you go.

It is also embedded with the latest smart chip technology. So get used to contact-less and swift payments at the counter.

Better Benefits

There is much that this card has to offer. Apart from the interest savings, you have the chance to save on annual fees too. Simply swipe your card 12 times a year and voila no annual fees for that year.

Bank Islam cardmembers can also use their credit cards as a medium to make their Zakat contributions.

Flexi Payment Benefit

Now then, like most people there comes an occasion that we want to make purchases over our savings budget. Whether it’s getting a new refrigerator, TV set, computer or just putting some new wheels on your car. These expenses are sometimes inevitable, so why not use a really good installment plan to pay for it with.

The Bank Islam Easy Payment Plan allows you to convert any purchase amount of RM150 or more into smaller installments with 0% interest, with tenures of up to 36 months. Of course, this plan applies to only a selected number of merchants.

However, there is always the Bank Islam Installment Payment Plan that offers the same deal, but everywhere else.