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alrajhi bank · Visa Platinum · Cashback

alrajhi Visa Platinum-i

Earns
5% Groceries
Lounge
Not stated
Min income
RM24,000 a year
Annual fee
Free for life
See it on alrajhi bank's site

Good for

  • Everyday spend. 5% cash back on dining, groceries, online shopping, utilities and phone bills, up to RM30 a month.
  • No annual fee for life, for main and supplementary cards.
  • Islamic card (Tawarruq).

Watch out

  • The 5% stops at RM30 a month (RM600 of spend). Past that, those categories earn nothing.
  • Everything else earns only 0.2%.
  • Petrol, e-wallet reloads, JomPAY, FPX and government payments earn nothing.

What it earns

Cash back, as a share of what you spend.

SpendingEarnsDetails
Dining, Groceries, Utilities and more5% Up to RM30 back a month, shared with Online shopping and Online (foreign currency) online.
Online shopping and Online (foreign currency) online5% Up to RM30 back a month, shared with Dining, Groceries, Utilities and more.
All spending except Dining, Groceries, Utilities and more0.2%
Petrol, Government / LHDN / JPJ, JomPAY / FPX / DuitNow to billers and moreNothing Petrol, Government / LHDN / JPJ, JomPAY / FPX / DuitNow to billers, Touch 'n Go reload, Grab top-up / GrabPay, Boost top-up, ShopeePay top-up and MAE / other e-wallet.

Getting your cash back

How it's paid
Onto your card statement Credited on the statement date to the principal card account. Supplementary card spend counts too.
Which month counts
Your statement cycle A charge that posts after the statement date counts in the next statement.
When you lose it
Refunds, or an overdue or closed card Cash back on returned or reversed purchases is taken back. The bank can withhold it while the account is overdue, delinquent, closed or under investigation. Closing the card before the statement date loses it.

Travel

Overseas spending fee
1.18% 1.18% alrajhi bank mark-up, on top of Visa's rate and any Visa fee

Fees and charges

What it costs if you don't pay in full, or use it for cash.

Annual fee
Free for life No spending needed to keep it free.
Extra (supplementary) cards
Free for life
Service tax
RM25 a year per card A government charge on every credit card in Malaysia, billed by the bank.
Interest
15%, 17% or 18% a year Profit rate on purchases, set by how reliably you paid over the last 12 months. None if you pay the full balance by the due date (20 days after your statement).
Minimum monthly payment
5% of the balance, or RM50 Whichever is higher, plus service tax, any amount over your limit and any instalments.
Late payment
1% of the balance, RM10 to RM100 Charged when the minimum payment is late.
Cash withdrawal
RM1 in Malaysia, RM17 abroad Per withdrawal, plus 8% service tax, and 18% a year profit from the day you take it out. No grace period.
Replacement card
RM22

Who can apply

Income
RM24,000 a year or more
Age
21 to 65
Documents
  • Employees: IC copy and your latest 12 months' EPF statements
  • Self-employed: IC copy, your company's latest 6 months' bank statements, business registration form, and personal or business tax returns for the last 2 years with proof of payment

Other perks

Card network
Visa Platinum

Where this comes from