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Public Bank · Visa Platinum · Cashback

PIB Visa Platinum-i

Earns
2% Online shopping
Lounge
None
Min income
RM40,000 a year
Annual fee
RM333 Waived at 12 swipes a year
See it on Public Bank's site

Good for

  • 2% cash back on online and overseas spend, up to RM15 a month.
  • Shariah-compliant, and the profit rate is never compounded.
  • 0% Flexipay: spread a purchase above RM1,000 over 6 months.

Watch out

  • The cash back stops at RM15 a month, which RM750 of spend reaches.
  • Other spend earns nothing.
  • RM333 annual fee if you use the card fewer than 12 times a year.

What it earns

Cash back, as a share of what you spend.

SpendingEarnsDetails
Online shopping, Online (foreign currency), Airlines (direct) and more online2% Up to RM15 back a month, shared with Spending in shops or online in a foreign currency.
Spending in shops or online in a foreign currency2% Up to RM15 back a month, shared with Online shopping, Online (foreign currency), Airlines (direct) and more online.
Petrol, Insurance, Government / LHDN / JPJ and moreNothing Petrol, Insurance, 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
Not published by Public Islamic Bank Public Islamic Bank does not publish how or when it credits the cash back. It says only that cash back on the principal and supplementary cards is paid out together.
Which month counts
Your monthly statement cycle Online and overseas share one RM15 cap per monthly statement cycle. Public Islamic Bank does not say whether a purchase counts by the date you made it or the date it posts.
When you lose it
Card cancelled, suspended or restricted by the bank If the bank cancels, suspends or restricts the card, for example after missed payments, the cardmember agreement says all card benefits are cancelled or suspended at once. The bank has no rule written for the cash back itself.

Travel

Airport lounges
None
Overseas spending fee
1.25% 1.25% Public Islamic Bank spread, on top of the card network's rate

Insurance

Insurance
None listed Public Bank lists no cover for this card.

Fees and charges

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

Annual fee
RM333 Free the first year. Waived after 12 purchases in a year.
Extra (supplementary) cards
RM150 a year First year free, then waived after 12 transactions 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 effective profit rate, not interest, and never compounded. Depends on 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 any installments and any amount over your limit.
Late payment
1% of the balance, RM10 to RM100 Ta'widh (compensation), charged when the minimum payment is late. Not compounded.
Cash withdrawal
RM4.90 plus 0.39% in Malaysia RM5.10 plus 0.65% abroad. Plus 18% a year profit rate. No grace period.

Who can apply

Income
RM40,000 a year or more
Age
21 or older Extra cardholders from 18.
Documents
  • Employees: your latest payslip, EA statement, EPF statement or employment letter
  • Self-employed: your latest year's tax return or tax receipt. Company directors also need 6 months of company account statements
  • Overtime, commission or fee income: the latest 6 months of payslips or statements showing it
  • Income from abroad: your latest 3 months' payslips and an employment letter

Other perks

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

Where this comes from