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Bank Rakyat · Mastercard · Cashback + Miles

Bank Rakyat Cikgu Sejati By invitation

Earns
Up to 0.1 Rakyat Rewards per RM All spending
Lounge
Not stated
Applications
By invitation
Annual fee
Free for life 0% overseas fee, lower than most
See it on Bank Rakyat's site

Good for

  • 5% cash back at petrol stations, hotels, bookstores and stationery stores in Malaysia, up to RM50 a month.
  • No annual fee, and no Bank Rakyat mark-up on spend abroad.
  • Free group family takaful cover that pays off the card balance, plus RM1,000 khairat kematian.

Watch out

  • Only for teachers and lecturers.
  • Bookstores and stationery stores are not counted here, as the calculator has no category for them.
  • Other spend earns 1 point per RM10, worth 0.1%.

What it earns

Cash back and Rakyat Rewards. The points rows show the miles those points make in Enrich.

SpendingEarnsDetails
Everything else0.1 points per RM 0.02 miles per RM.
Petrol and Hotels (direct) in ringgit5% Up to RM50 back 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 the main card account Main and supplementary card spend share one cap.
Which month counts
The calendar month From the 1st to the last day of the month. RM600 a year at most.
When you lose it
Fraud, misuse, or an unauthorised, returned, disputed or cancelled transaction Bank Rakyat may take back cash back already credited.

Points and transfers

Cash
100 points for RM1 Redeemed in blocks of 100 points.
Enrich
5,500 points for 1,000 miles Moved in blocks of 5,500 points.

Travel

Overseas spending fee
0% No Bank Rakyat mark-up. Mastercard's own rate applies.

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
No annual fee RM150 listed, waived without condition.
Service tax
RM25 a year per card A government charge on every credit card in Malaysia, billed by the bank.
Interest
13%, 13.5%, 15.5%, 17% or 18% a year Islamic profit rate, set by your payment record and whether you are a Bank Rakyat share member. Retail spend has no profit for 20 days from the transaction date when you pay in full by the due date. None if you pay the full balance by the due date.
Minimum monthly payment
5% of the balance, or RM50 Whichever is higher, plus any instalments.
Late payment
1% of the balance, RM10 to RM100 A compensation charge (ta'widh) when no payment arrives by the 4th day after the due date, or the payment is under 5% of the minimum payment.
Cash withdrawal
3% at Bank Rakyat, 5% at other banks, at least RM20 Plus 8% service tax on the fee, and 18% a year profit charged daily from the day you take it out.
Replacement card
RM50

Who can apply

Income
By invitation
Who
Teachers and lecturers, public or private sector, permanent or on contract for 12 months with one employer
Age
21 or older Extra cardholders from 18.
Documents
  • MyKad copy (front and back) or passport, for the main and supplementary applicants
  • Your latest payslip

Other perks

Card network
Mastercard

Where this comes from