Reward Points
Your spending with Bank Rakyat Classic Credit Card-i earns Rakyat Rewards. For each RM10 you spent, you will get 1 Rakyat Rewards. Your accumulated reward points can be converted to cashback which is RM0.10 for each 10 Rakyat Rewards. In other words, you can get 0.1% cashback on each RM1 of your spending.
Bear in mind that the reward points are only given to the transactions that support halal products and services. You can choose to redeem your Rakyat Rewards via cheque, credit to any of your Bank Rakyat savings account or Umrah package. Besides that, you can opt to request Bank Rakyat to credit the rewards to your Bank Rakyat credit card account to reduce the outstanding balance. The redemption is easy – just contact Bank Rakyat at 03-2693 6880 or email to kkredit@bankrakyat.com.my.
Zero Cost
You can enjoy all the card benefits with no cost at all forever. No worries, the annual fee waiver is noto any hidden requirements or charges.
Takaful Protection
Bank Rakyat Classic Credit Card-i provides free family Takaful protection to secure your outstanding account balance in the event of death or permanent disablement. Bank Rakyat will make the full payment on behalf of you via the Takaful protection.
In the event of death, the beneficiary of the card holder will receive the compassionate reimbursement of up to RM1000.
Credit Limit
Credit limit refers to the maximum purchase amount you will be allowed with Bank Rakyat Classic Credit Card-i.
If your annual income falls between RM24000 and RM36000, you can apply for Bank Rakyat Classic Credit Card-i that gives you minimum credit limit cap of at least RM3000. The maximum credit limit depends on your credit rating.
Low Interest Rate
The interest rate is also known as the finance charge on the outstanding credit card balance. The interest rate is charged based on your previous 12 months' repayment period, be it full or minimum payment.
If you make the prompt repayment in the past 12 months, the standard interest rate is 13.5% p.a., meanwhile, it is 16% p.a. for the repayment in 10 out of 12 months. If you do not fulfill the above requirements, the interest rate charged on your outstanding payment will be 17.5% p.a..
With Bank Rakyat Classic Credit Card-i, you will only be charged 13.5% p.a. if you make the repayment before the due date continuously for 9 months.