This low interest credit card provides the benefits of a platinum card without the high expenses of annual fees and interest rates. It is a card with no frills attached and accepts charges only by Halal merchants.
The Bank Islam platinum card is Shariah compliant platinum credit card. Unlike other platinum credit card, the Bank Islam Platinum card does not charge exorbitant interest rates. The rate of interest charged on this card is the same as every other card offered by Bank Islam and stands at 13.5% p.a.
Not only does the card offer low interest rates, it offers exclusive travel benefits including a complimentary travel insurance with a cover of up to RM 1 million and also access to an emergency help desk that assists in providing information on legal and medical enquiries and in cases of lost or stolen credit cards while travelling.
In addition to the travel benefits, the card also earns the cardholders reward points. The card earns 1 reward point for every RM 1 spent on retail expenses, both overseas and locally. These reward points can be redeemed for electronic gadgets and appliances through the TruRewards Loyalty Programme.
The features of the Bank Islam Platinum card-i are as follows
The eligibility criteria to apply for the Bank Islam Platinum card-i is as follows
The other credit cards offered by this bank include
The Bank Islam Platinum card-i offers complimentary travel insurance which has a cover of up to RM 1 Million every time airfare is purchased solely using the card. This travel insurance also provides travel inconvenience benefits and compensates for lost baggage or delayed flights.
Bank Islam Platinum Card offers the cardholders an option of spreading out large purchases over longer tenures through the easy payment plan. This plan is applicable only at select participating retail merchants. The available tenure options are 3, 6, 12, 18, and 24 months. The interest charged on this easy payment plan is 0% interest and charges no upfront handling fees. The minimum amount that can be converted into an easy payment plan is RM 1000 in a single receipt.