DuitBase
My cards
Bank Rakyat · World Mastercard · Cashback + Miles

Bank Rakyat World

Earns
0.18 miles per RM Overseas
Lounge
6 visits a year Mastercard Travel Pass
Min income
RM80,000 a year
Annual fee
RM500 Waived at RM40,000 spend a year
See it on Bank Rakyat's site

Good for

  • 5% cash back on flights, hotels, travel agencies and restaurants, up to RM1,500 a year.
  • Spend abroad. 10 points per RM10, worth 1%, with no Bank Rakyat mark-up on the exchange rate.
  • 6 free airport lounge visits a year through Mastercard Travel Pass.
  • Free group family takaful cover that pays off the card balance, plus RM1,000 khairat kematian.

Watch out

  • Local spend outside the 5% categories earns only 2 points per RM10, worth 0.2%.
  • RM500 annual fee unless you spend RM40,000 a year.
  • Needs an income of RM80,000 a year.

What it earns

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

SpendingEarnsDetails
Spending in a foreign currency1 point per RM 0.18 miles per RM.
Spending in ringgit0.2 points per RM 0.04 miles per RM.
Airlines (direct), Hotels (direct), OTAs (Agoda, Booking, Expedia) and more5% Up to RM125 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 Only on posted transactions.
When you lose it
Fraud, abuse, or an invalid, 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

Airport lounges
6 free visits a year Mastercard Travel Pass. Main cardholder only. Register in the Mastercard Travel Pass app. Halal food and drinks only. Unused visits do not carry over.
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
RM500 Waived if you spend RM40,000 in a year.
Extra (supplementary) cards
No fee listed The PDS prints no supplementary fee.
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
RM80,000 a year or more
Age
21 or older Extra cardholders from 18.
Documents
  • MyKad copy (front and back) or passport, for the main and supplementary applicants
  • Government staff: your latest payslip
  • Private sector staff: your latest payslip, plus your EA form or EPF statement (latest 6 months)
  • Salary with commission: your latest payslip, plus your EA form or EPF statement (latest 6 months) or your latest 6 months' commission statements
  • Commission only: your latest 12 months' commission statements
  • Self-employed: business registration, your latest 6 months' bank statements, your latest Form B and its tax receipt
  • Pensioners: your pension statement (latest 12 months) and 3 months' bank statements showing the pension

Other perks

Card network
World Mastercard

Where this comes from