Annual Fee Waiver
Your first year annual fee for Bank Rakyat Platinum Credit Card-i is waived without any minimum spending required. Worry not, the annual fee is waived without any other hidden conditions. Besides that, the annual fee is waived for the subsequent years with at least one usage within a year regardless of any amount. Well, to be specific, the minimum spending is as low as RM0.01.
If you do not fulfill the above requirement, you will have to pay the annual fee of RM411.28 for the principal card or RM159 for each supplementary card.
Rewards or Cashback
Every Ringgit you spend with your Bank Rakyat Platinum Credit Card-i will never waste. Your spending will convert to Rakyat Rewards and then exchange with cash. For each RM10 you spend with the card, you earn 1 Rakyat Rewards. You can convert 10 Rakyat Rewards with RM0.10. In other words, you earn 0.1% cashback on all of your retail purchases.
Bear in mind that only Halal transactions are eligible for the benefits. On top of that, you have to contact Bank Rakyat at 03-2693 6000 before you make any overseas or online transactions.
You can redeem the cashback via various methods.
- Credit to your Bank Rakyat savings account
- Credit to your Bank Rakyat Credit Card-i account to reduce the outstanding
- Umrah package
Just contact Bank Rakyat Card Center at 03-2693 6880 or email to firstname.lastname@example.org for the redemption application.
Bank Rakyat Platinum Credit Card-i provides Family Takaful protection for free. Bank Rakyat will settle all your credit card outstanding balance on behalf of you in the event of your death or permanent disablement. The beneficiary of the card holder will also receive the compassionate allowance of up to RM1000.
You can always share the card benefits with your loved ones by applying for the supplementary cards. The principal card holder can apply for a maximum of 5 supplementary cards. The minimum age of supplementary card holder is 18 years old according to the date of birth.
The application of the supplementary card is easy. The principal card holder needs to complete the section of Supplementary Card Request for Bank Rakyat Platinum Credit Card-i application form. The supporting documents are the copies of Identification Cards for principal card holder and each supplementary card.
If you are a supplementary card holder who wants to become the principal card holder, you can just complete the new credit card application form.