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.
Bank Islam Gold Visa Card-i - Worldwide Recognition
Not only that the Bank Islam Gold Visa Card-i is recognized worldwide but it also lets you to perform emergency cash withdrawal while you're traveling overseas.
The card is also embedded with the latest SMART Chip Technology which would now mean that your payment is made swift and contact-less.
Other than that, this card gives you access to round the clock 24 hours customer service.
Bank Islam Gold 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.
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.
Better Benefits with Bank Islam Gold Visa Card-i
There is much that Bank Islam Gold Visa Card-i 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 cardholders can also use their credit cards as a medium to make their Zakat contributions.