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    We found 1 Bank Islam Visa Infinite Business Card-i
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    Bank Islam Visa Infinite Business Card-i

    About Bank Islam Visa Infinite Business Card-I

    Bank Islam Visa Infinite Business Card-i is a card that is packed with exclusive privileges and benefits. It is a business card so it is designed to meet the business needs. You get fee waiver, complimentary access to the Plaza Premium Lounges, Takaful Travel Protection cover and more.


    The Bank Islam Visa Infinite Business Card-i is designed for:

    • Corporate customers
    • Commercial customers

    The product offers convenience to help you manage your business expenses that are incurred by the employees who are authorised cardholders.

    Features and benefits of Bank Islam Visa Infinite Business Card-i

    Following are the features and benefits of Bank Islam Visa Infinite Business Card-i:

    Shariah concept used The shariah concept used is Tawarruq. It is the purchase of a product on a deferred payment basis. The commodity is purchased from the Bank at the Bank’s sale price. The Bank performs the purchase for the customer. The Bank then sells the commodity to the purchaser at the cost price.
    Annual fee Waived.
    Complimentary benefits Access to Plaza Premium Airport Lounges per year per card.
    Takaful coverage Up to RM2 million.
    Purchase protection takaful plan Up to RM10, 000.
    Other benefit Corporate liability waiver.
    Monthly payment 5% of outstanding balance or RM50, whichever is higher is the minimum payment due.
    Card usage Card member:
    • Transactions that are legally acceptable by shariah are allowed.
    • Compliance with BIC-i facility terms and conditions are to be ensured.
    • Business Credit Card-i facility terms and conditions are to be complied with.
    • If there are any discrepancies or disputes, you must notify it in writing within 14 days from the BIC-i Facility Statement.
    Authorised cardholder:
    • Legally accepted shariah transactions are allowed.
    • The card and the PIN must be safeguarded.
    • To comply with BIC-i facility terms and conditions.
    • To notify the bank about the lost and stolen card.
    Grace period The grace period for retail transactions are 20 days from the posting date.
    Late payment If you are late to pay the dues, you will be charged a late payment fee. If you have any deposits, the balance will be set off against it. Your card will be cancelled or suspended or terminated and then proceed with recovering the outstanding balance.
    Risks associated with Bank Islam Visa Infinite Business Card-i The following are the risks associated with Bank Islam Visa Infinite Business Card-i:
    • Paying just the minimum amount will take you a long time to settle the outstanding balance.
    • If you make an unauthorised transaction, you will be liable to pay RM250.
    • For loss, the liability will exceed RM250 if you have not informed the bank about the loss of the card. The liability will exceed if you have acted fraudulently as well.
    • Late payment fees will be charged if the minimum amount is not paid on or before the due date which will be stated in the statement.

    Fees and charges

    Following are the fees and charges applicable for Bank Islam Visa Infinite Business Card-i:

    Card replacement fee RM50
    Additional statement request fee RM5.30 per copy per request.
    Sales draft retrieval fee Original- RM15.90 per draft. Copy- RM5.30 per copy.
    Over limit fee None
    Overseas transaction conversion fee Subject to the conversion rate at the time.
    Late payment fee 1% of the outstanding balance or RM5, whichever is higher. Maximum of RM50 can be charged by the bank.

    Use the card wisely to avoid getting in debt that you can’t handle and pay the dues on time and make the most of the benefits it has to offer to the business.

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