This low interest Islamic credit card offers the cardholder a complimentary group family Takaful cover that cover any outstanding balance accrued through credit card usage in the event of total permanent disability or death of the cardholder. This Takaful cover prevents the burden of credit card dues from passing on to the family.
The Bank Rakyat credit card is designed for everyday use and is a no frills credit card that allows the cardholder to earn reward points on every purchase. The credit card has a low interest rate of 13.5% p.a. This coupled with cash back from the reward points earned help the cardholder to maximize their savings and encourage them to use the card more.
The reward points earned are called Rakyat rewards and accumulate at a rate of 1 reward point for every RM 10 spent. These points are then converted into cash back at the rate of RM 0.10 for every 10 points. These points have no expiry date. The card also offers a complimentary Group Family Takaful cover that covers the outstanding dues accrued through the use of the credit card.
The features of the Bank Rakyat Gold Visa card-i are as follows
The eligibility criteria to apply for the Bank Rakyat Gold Visa card-i is as follows
The Bank Rakyat Gold credit card-i offers a complimentary Group Family Takaful coverage that covers the outstanding dues accrued through use of the credit card from unfortunate events such as total and permanent disability or death of the cardholder. In such cases where the cardholder cannot repay the outstanding dues, the amount is covered by Takaful insurance. The outstanding amounts due under balance transfer plans for this card are also covered by the Takaful insurance.
Bank Rakyat recently launched their Balance transfer program which is a first of its kind in Malaysia. This plan not only allows the cardholders to consolidate their outstanding credit card dues but also offers a cash rebate of up to 3%.The available tenure under this balance transfer plan is 12 months and charges an interest rate of 9% p.a. additionally, any outstanding dues under the balance transfer program are covered by Takaful insurance.