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Bank Rakyat Classic Card

Bank Rakyat Classic Card

 

  • Annual fee : Waived for life
  • FREE Family Takaful Protection & Funeral Expenses
  • Low interest rate
  • RM10 = 1 reward point
Minimum Monthly Income
Minimum Monthly Income

RM 2

Interest Rate
Interest Rate

13% p.a.

Balance Transfer
Balance Transfer

0.25% per month for first 3 months

Annual Fee
Annual Fee

RM 0.00

Credit Card's Promotion

CARD BENEFITS CASH BACK CREDIT CARD BENEFITS
Rewards
  • Rakyat Rewards : Every RM10 = 1 reward point
  • Every 10 reward points = RM0.10
  • Tabung Rakyat Rewards:
Description Year 1 Year 2 Year 3

Earning Rebates (Tabung Rakyat Rewards)

Rebate table are as below :-

0.5% 0.5% 0.5%
Good payment record 1.0% 1.0% 1.5%
Others financing solution in Bank Rakyat 0.5% 1.0% 1.0%
Total Rebates (Tabung Rakyat Rewards)  2.0% 2.5% 3.0%
Balance Transfer
Profit Rate Duration
0.25% per month or 3% per annum First 3 months
1.125% per month or 13.5% per annum 4th month onwards until balance is fully paid

 

Low Interest
Tier Level Criteria Interest Rate (p.a.)
Tier 1 Minimum payment received before or on the Due Date for 9 months continuously. Not a member of Bank Rakyat Share 13.5%
Member of Bank Rakyat Share 13%
Tier 2 Minimum payment received before or on the Due Date for 6 months or more within a 9 months period.  Not a member of Bank Rakyat Share  17%
Member of Bank Rakyat Share 15.5%
Tier 3 For those who did not fall under Tier 1 and Tier 2. Not a member of Bank Rakyat Share  18%
Member of Bank Rakyat Share 17%

 

Premium
  • FREE Family Takaful Protection & Funeral Expenses :
    • FREE Family Takaful protection is to secured the full outstanding balance Bank Rakyat Credit Card once the card owner passed away or suffered from permanent disability. This full payment will be done by the Bank through this Family Takaful Protection. For card owner who passed away, Heir/Heiress will be given RM1,000 for funeral expenses.
FEES & CHARGES
Annual fee RM 0.00
Minimum monthly payment 5% of outstanding balance or a minimum of RM50, whichever is higher
Late payment interest 1% of the unpaid outstanding balance or a minimum of RM10, whichever is greater, up to a maximum of RM100
Finance charge interest rate per month 1.125%%
Finance charge interest rate per year 13%
Cash withdrawal 3% of the transaction amount or a RM20, whichever is higher, for other bank will be charged 5% of the transaction amount or a RM20, whichever is higher
Cash withdrawal interest rate 18% per annum daily interest
Balance transfer upfront fee NA%
Balance transfer interest rate 0.25% per month for first 3 months
Balance transfer early settlement penalty NA

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