Getting a new credit card is always a bit of a hassle, especially when you don’t know what it is you actually want. But with this Bank Islam Platinum MasterCard you know exactly what you’re paying for.
Tell me about the card
Like any other credit card, this one comes with a regular set of profit rates. However, Bank Islam cards have a rate that ranges from 13.5% - 17.5% p.a. which is lower than the general profit rates applied to credit cards.
It is also a Shariah compliant product that adopts the contract of Tawarruq. There is no joining fee. You also have great savings with the annual fee on this card. The regular annual fee is RM411.28, but you can get this figure waived when you make 12 transactions within the period of a year.
The Platinum MasterCard-i comes with its own set of travel benefits. Cardmembers will receive complimentary Takaful Protection.
Travel the world and never fear, Bank Islam have got you covered up to RM1,000,000 for travel personal accident. Apart from that, cardmembers also have coverage for travel inconveniences, encompassing, flight delay, missed flights, loss of luggage and luggage delays.
When you have a Bank Islam Platinum MasterCard, you are also entitled to a competitive withdrawal fee of 2.65% or RM12.72, whichever is higher. You also have the ability to withdraw up to 50% of your Financing Limit.
Cardmembers can now also pay zakat (tithe) via standing instructions, auto-debit, internet and EDC terminals at Pusat Zakat counters supported by Bank Islam.
Value added benefits
Don’t stop that shopping spree if you’re worried of profit rates. With Bank Islam, you can now convert your purchases under their Easy Payment Plan, and pay 0% rates.
Not only do you get to choose repayment tenures of 3 months up to 36 months, you have smaller installments that will be easier to handle. With zero profit rates!