This Islamic credit card from CIMB works on the principle of Ujrah and earns reward points on every expense charged.
The CIMB Islamic MasterCard Gold Is an Islamic concept credit card that is suitable for everyday use. It earns reward points on every expense charged to the card. Be it local or retail, the card earns 1 reward point for every RM 1 spent on retail expenses. These reward points can be redeemed for the latest electronic gadgets and appliances or can be used to avail government tax redemptions and is packed with value added features of balance transfer plans and easy payment plans.
The features of the CIMB Islamic MasterCard Gold are as follows
The eligibility criteria to apply for the CIMB Islamic MasterCard Gold are as follows
The other credit cards offered by CIMB Islamic are
The CIMB Islamic MasterCard Gold offers a balance transfer plan with a minimum amount set at RM 1000. The plan offers 2 tenures of 6 months and 12 months with an interest rate of 5.99% p.a. and 7.99% p.a. respectively. These balance transfer plans allow cardholders to consolidate outstanding credit card dues
The card offers cardholders complimentary Takaful travel accident insurance with a cover of up to RM 500,000 when airfare is purchased solely using the card.
The card being an Islamic card does not charge an APR but a yearly facilities charge or YFC of RM 7200. This YFC may be on the higher side but cardholders need not pay the charge upfront. Any outstanding credit card dues have a PFC or payable facilities charged levied to it which should not exceed the YFC. If however the cardholder repays the outstanding dues in full, the PFC will not be levied and the YFC will be waived in full.