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Bank Islam · Visa Gold · Cashback

Bank Islam Visa Gold-i

Earns
3% Dining, from RM1,000 a month
Minimum spend
RM1,000 a month for the top rate
Min income
RM24,000 a year
Annual fee
RM130 Waived at RM120 spend a year
See it on Bank Islam's site

Good for

  • Online, auto billings, groceries and dining: 3% cash back once your month's retail spend reaches RM1,000, 1% from RM500.
  • A low RM24,000 income gate.

Watch out

  • The 1% and 3% cash back is capped at RM30 a month.
  • Other local spend earns only 0.1%, nothing below RM500 a month, and overseas spend earns nothing.
  • Each cash back type needs a minimum total retail spend in the month, and government, FPX and JomPAY payments earn nothing.
  • RM130 annual fee unless you make 12 transactions or spend RM120 a year.

What it earns

Cash back, as a share of what you spend.

  • Counts toward the minimum: every billed purchase, except the ones below.
  • Does not count: Government / LHDN / JPJ, JomPAY / FPX / DuitNow to billers, Touch 'n Go reloads, Grab top-up / GrabPay, Boost top-up, ShopeePay top-up and MAE / other e-wallet.
SpendingEarnsDetails
Dining and Groceries in shops or online3% When you spend RM1,000 or more a month. Up to RM30 back a month, shared with Spending online except Utilities, Insurance and Telco and Spending on recurring payments.
Spending online except Utilities, Insurance and Telco3% When you spend RM1,000 or more a month. Up to RM30 back a month, shared with Dining and Groceries in shops or online and Spending on recurring payments.
Spending on recurring payments3% When you spend RM1,000 or more a month. Up to RM30 back a month, shared with Dining and Groceries in shops or online and Spending online except Utilities, Insurance and Telco.
Dining and Groceries in shops or online1% When you spend RM500 or more a month. Up to RM30 back a month, shared with Spending online except Utilities, Insurance and Telco and Spending on recurring payments.
Spending online except Utilities, Insurance and Telco1% When you spend RM500 or more a month. Up to RM30 back a month, shared with Dining and Groceries in shops or online and Spending on recurring payments.
Spending on recurring payments1% When you spend RM500 or more a month. Up to RM30 back a month, shared with Dining and Groceries in shops or online and Spending online except Utilities, Insurance and Telco.
Spending in ringgit except Dining and Groceries0.1% When you spend RM500 or more a month.
Spending in ringgit except Dining and Groceries0.1% When you spend RM1,000 or more a month.
Government / LHDN / JPJ, JomPAY / FPX / DuitNow to billers, Touch 'n Go reload and moreNothing 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 The cash back is shown on the principal cardholder's monthly statement.
Which month counts
Your billing cycle Your tier is set by the cycle's total retail spend. A charge presented late counts in a later cycle.
When you lose it
A cancelled or overdue card, or a refund Cash back not yet credited is forfeited if the card is cancelled or the account becomes delinquent. Refunds take back the cash back they earned.

Travel

Overseas spending fee
1.25% On anything charged in a foreign currency.

Fees and charges

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

Annual fee
RM130 Waived if you spend RM120 in a year.
Extra (supplementary) cards
RM60 a card Waived with 12 transactions or RM120 of retail spend a year.
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 An Islamic card (Tawarruq): these are profit rates. They depend on how reliably you paid the minimum 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 any instalments.
Late payment
1% of the balance, RM5 to RM50 Charged when the minimum payment is late (ta'widh).
Cash withdrawal
2.5% fee at Bank Islam ATMs, at least RM12 3% or RM50, whichever is higher, at other ATMs. Plus 8% service tax on the fee, and an 18% a year profit rate.
Replacement card
RM50

Who can apply

Income
RM24,000 a year or more
Age
21 or older Extra cardholders from 18.
Documents
  • MyKad copy (front and back) or passport
  • Employees: your latest 3 months' payslips or an EPF statement
  • Self-employed: Form 9, 24 or 49 or business registration, your latest 6 months' bank statements, and Form B with the tax receipt

Other perks

Pay by phone
Google Pay, Samsung Pay
Card network
Visa Gold

Where this comes from