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Bank Rakyat · Mastercard · Miles

Bank Rakyat Jit Sin Alumni By invitation

Earns
Up to 0.1 Rakyat Rewards per RM All spending
Lounge
Not stated
Applications
By invitation
Annual fee
RM388 Waived at 1 swipes a year

Good for

  • No annual fee if you use the card once a year.
  • Rakyat Rewards are worth RM0.01 each as cash, or 5,500 points for 1,000 Enrich points.
  • Free group family takaful cover that pays off the card balance, plus RM1,000 khairat kematian.

Watch out

  • Only for alumni of Jit Sin High School.
  • Earns only 1 point per RM10, worth 0.1%.
  • Bank Rakyat has no product page for this card.

What it earns

Rakyat Rewards, per RM spent, and the miles they make in Enrich.

SpendingEarnsDetails
All spending0.1 points per RM 0.02 miles per RM.
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.

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% The PDS lists no Bank Rakyat fee. 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
RM388 Free the first year. Waived after 1 purchases in a year.
Extra (supplementary) cards
RM150 First year free, then waived with one use a year.
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
Alumni of Jit Sin High School

Other perks

Card network
Mastercard

Where this comes from