This Islamic credit card from CIMB is a commuter’s delight with up to 7% cashback on petrol expenses incurred at Petronas stations.
The CIMB Islamic Petronas MasterCard Is an Islamic concept credit card that is catered to provide maximum benefits to the frequent commuter or anybody who incurs high petrol costs every month. This card provides cashback of up to 7% on petrol expenses at Petronas when cardholder spends more than RM 3000 in a single receipt. This cashback is capped to RM 50 per month. Expenses on petrol below RM 3000 in a single receipt fetches cashback at the rate of 3% which is also capped to RM 50 per month. Any other retail expense fetches uncapped cashback of 0.2%.
The features of the CIMB Islamic Petronas MasterCard are as follows
The eligibility criteria to apply for the CIMB Islamic Petronas MasterCard are as follows
The other credit cards offered by CIMB Islamic are
The CIMB Islamic Petronas MasterCard offers a balance transfer plan for cardholders to manage their credit card dues effectively. The balance transfer plans come with tenures of 6 and 12 months at 5.99% p.a. and 7.99% p.a. respectively. The tenures come with a minimum amount for transferring balances set at RM 1000.
The card allows for maximum savings for the cardholder. Not only does it have a lifetime waiver on annual fees, the card provides cashback of 0.2% on all retail expenses. This cashback is unlimited. The card also provides capped cashback of up to RM 50 for petrol expenses at Petronas stations. 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 waived in full if the cardholder repays outstanding dues and does not require the cardholder to pay this amount upfront.