Bank Islam Classic Card-i

Complimentary Group Family Takaful

• For Bank Islam Classic Card-i holder, your transactions in certified Halal merchants will allow you to get cashback of up to 0.3%. The cashbacks that you get to enjoy are not capped in any way unlike most credit cards from other banks; that despite giving a high cashback value, is mostly capped at a low maximum amount of rebates that you get to enjoy. On top of that, the principal cardholder will get to enjoy an automatic Group Takaful protection which gives coverage of up to RM100,000 together with funeral expenses benefit of up to RM1,000. Getting this card through a balance transfer will allow you to enjoy 13% per annum finance charge on your existing balance with no upfront fee for 12 months (saving you from the potentially outrageous interest rate of up to 18%).

Fees and Charges

• A supplementary cardholder will only need to pay RM30 in annual fee for this card while a principal cardholder will need to pay an annual fee that is double of that amount at RM60. For the annual fee of the principal cardholder, it can be waived with a minimum of 12 transactions in a year. Prompt minimum repayments of the outstanding balance will allow the holder to enjoy the lowest tier finance charge at 13.5% per annum which otherwise can be as high as 17.5 per annum (if repayment record is bad). This card also has late payment penalty of RM5 or 1% of oustanding balance (whichever one is higher), up to a maximum of RM50.

Are You Eligible For The Bank Islam Classic Card-i?

• You will need a minimum monthly income of RM2,000 and to be at least 21 years old to be able to get and enjoy the privileges that come with the Bank Islam Classic Card-i. For supplementary cardholder, the only requirement is to be least 18 years old.
• Looking for more options to choose from? Our credit card experts, also recommend you to check out other similar credit cards such as Bank Islam Gold Credit Card-i and BSN Classic Credit Card-i, which may match your requirements.
• If you prefer to broaden your credit card search, review more Bank Islam credit cards and start comparing today!

The above souces can be found at https://ringgitplus.com/en/