Unlimited Cashback Limit
Bank Islam Gold Card-i offers cashback up to 0.3% on retail transactions from certified Halal merchants, awarded on the 13th month (subject to Service Tax deduction) and there is not limit for the cashback amount! It also comes with complementary Group Family Takaful protection with coverage of up to RM100,000 and funeral expenses of up to RM1,000 for principal cardholder. The minimum amount for balance transfer is as low as RM500 and the one-time upfront fee is free of charge!
Fees and Charges
The annual fee for this card is RM60 for supplementary holder and free for principal holder with minimum 12 card swipes in a 12 months period, otherwise it is RM130, both with GST included. By making prompt minimum payment for 12 months (this means settling the minimum payment, 5% of the outstanding balance or RM50 whichever is higher), you get to enjoy a lower finance charge of 13.5% per annum. If you make prompt minimum payment for at least 10 months, the finance charge will be 16% per annum, otherwise it is 17.5% per annum. As for late payment penalty, the amount charged higher of RM5 or 1% of outstanding balance, up to a maximum of RM50. All these charges are inclusive of the 6% GST effective 1 April 2015.
Are You Eligible For The Bank Islam Gold Card-i?
To apply for Bank Islam Gold Card-i, you need to have a minimum monthly income of RM3,000 and to be at least 21 years old for principal holder or to be at least 18 years old for supplementary holder.
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 Classic Credit Card-i and AffinBank Gold Credit Card, which may match your requirements.
If you prefer to broaden your credit card search, review more Bank Islam credit cards and start comparing today!