Bank Islam Gold MasterCard Card-i credit card

Also available as Visa

Bank Islam Gold MasterCard Card-i

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

  • 13.5% p.a. profit rate
  • 20 days penalty-free period
  • Easy Payment Plan (EPP)
  • RM137.80 annual fee
  • Earn up to 1x reward point 

Apply online now for Bank Islam Gold MasterCard Card-i

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Benefits

Because you should be rewarded for giving the bank your business

Rewards
1x TruPoints for every RM1 spend on your Gold MasterCard Card-i.
TruRewards Loyalty Programme
EarnSpent
1 point on every RM1on all local and overseas retail expenses
Your TruRewards Loyalty Programme earned expires in  3 years
Easy Payment Plan (EPP)
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.
Pay OverWith Interest Rate AtWhen You Spend
3 months0% p.a. and no one-time upfront handling feefrom RM150 
6 months0% p.a. and no one-time upfront handling feefrom RM300 
12 months0% p.a. and no one-time upfront handling feefrom RM600 
18 months0% p.a. and no one-time upfront handling feefrom RM900 
24 months0% p.a. and no one-time upfront handling feefrom RM1200 
36 months0% p.a. and no one-time upfront handling feefrom RM1800 
Learn more about Bank Islam Easy Payment Plan
Pay OverWith Interest Rate AtWhen You Spend
3 months0% p.a. and no one-time upfront handling feefrom RM150 
6 months0% p.a. and no one-time upfront handling feefrom RM300 
12 months0% p.a. and no one-time upfront handling feefrom RM600 
18 months0% p.a. and no one-time upfront handling feefrom RM900 
24 months0% p.a. and no one-time upfront handling feefrom RM1200 
36 months0% p.a. and no one-time upfront handling feefrom RM1800 
Learn more about Bank Islam Installment Payment Plan
Premium
Complimentary Group Family Takaful coverage of up to RM100000 and funeral expenses of RM1000.

Fees & Charges

There are always fees but how much are they?

Annual Fee
RM137.80
  • Waived when 12 swipes per year
Annual Fee for Supplementary Card
RM63.60
Minimum monthly payment
RM50 or 5% of outstanding amount
Late payment fee
RM5 or 1% of outstanding amount, up to a maximum of RM50
Cash withdrawal fee
RM12.72 or 2.65% of withdrawn amount, whichever is higher

All fees & charges are inclusive of 6% GST if applicable

Requirements

Are you eligible for this credit card?

Minimum annual income
RM36000
Minimum age for primary card holder
21 years old
Minimum age for supplementary card holder
18 years old
Who can Apply
Anybody

Features

Get some extra help from your credit card when you need it most

Easy Payment Plan
Bank Islam Easy Payment Plan
Bank Islam Installment Payment Plan
Easy payment plans (EPP) are great for large purchases that you want to pay off over a period of time.

Bank Islam Gold MasterCard Card-i review

What's so good (or not so good) about it?

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 you 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.

Read More