Public Bank Visa Platinum
Unlimited cashback with the Public Bank Visa Platinum Credit Card
Eligibility
Minimum Monthly Income
RM 4,167 (RM 50,000 annually)
Min. Age
Cardholder: 21 years old
Supplementary Cardholder: 18 years old
Resident Status
Anybody
Documents required to apply:
You will need to provide several documents such as (varies between different banks):
Salaried Employees (Malaysian)
- A copy of your IC (both sides)
- Latest month's salary slip
- Latest EA statement
- Latest EPF statement
- Letter of Employment or employer confirmation
Self-Employed (Malaysian)
- A copy of your IC (both sides)
- Latest 1 year Tax Returns/Receipts
- Latest 6 months company CASA statement (for company directors)
Fees & Charges
Interest Rate
15% - 18%
Annual Fee
RM 0
Free*
Annual Fee Waiver
Yes
Free for the first year and waived with minimum 12 swipes in the previous 12 months. Otherwise, RM333 for Principal Card and RM150 for Supplementary Card
Late Payment Fee
RM 50 or 5% of the outstanding amount, whichever is higher
Interest Rate
15%
Features
Good for Cashback
0.2% unlimited Cash MegaBonus on local and overseas retail purchases
Complimentary travel insurance coverage worth up to RM500,000
50% off on Will and Wasiat Writing Service fees
Terms and Conditions
Product review by CompareHero
What Is the Public Bank Visa Platinum Credit Card?
The Public Bank Visa Platinum Credit Card is a rewards credit card for individuals who want to earn Cash MegaBonus on everyday spending while enjoying travel-related benefits. With a minimum annual income requirement ofRM50,000, the card earns unlimited Cash MegaBonus on eligible local and overseas retail purchases, offers complimentary automatic travel insurance, and includes access to PBe online banking services.
Benefits of the Public Bank Visa Platinum Credit Card
- Earn 0.2% unlimited Cash MegaBonus on eligible local and overseas retail purchases.
- First-year annual fee waived.
- Subsequent annual fees waived with a minimum of 12 retail swipes over the preceding 12 months.
- Complimentary automatic travel insurance coverage of up to RM500,000.
- Access and manage your credit card through PBe online banking.
- Enjoy a 35% discount on Will and Wasiat Writing Service fees through PB Trustee Services Berhad.
How Cash MegaBonus Works
Earn 0.2% unlimited Cash MegaBonus on eligible local and overseas retail purchases with the Public Bank Visa Platinum Credit Card. Your Cash MegaBonus accumulates as you spend and can be redeemed through Public Bank's Cash MegaBonus programme. Selected transactions are excluded from earning Cash MegaBonus under the programme's terms and conditions.
Complimentary Automatic Travel Insurance
The Public Bank Visa Platinum Credit Card comes with complimentary automatic travel insurance coverage of up to RM500,000.
Refer to Public Bank's travel insurance policy for the applicable coverage, exclusions, and eligibility requirements.
Fees and Charges
The Public Bank Visa Platinum Credit Card waives the principal annual fee for the first year. From the second year onwards, the annual fee is waived when you make at least 12 retail swipes during the preceding 12 months.
- Annual fee (principal): RM333 per year.
- Annual fee (supplementary): RM150 per year.
- Government Service Tax: RM25 per card upon activation and every anniversary thereafter.
- Cash advance fee: 5% of the amount withdrawn or RM20, whichever is higher.
- Cash advance interest: 18% p.a., calculated from the transaction date until full repayment.
- Late payment charge: 1% of the outstanding balance, subject to a minimum of RM10 and a maximum of RM100.
- Minimum monthly payment: RM50 or 5% of the outstanding balance, whichever is higher.
Retail purchases are subject to Bank Negara Malaysia's tiered finance charges of 15% p.a., 17% p.a., or 18% p.a., depending on your repayment history.
Eligibility Requirements
To apply for the Public Bank Visa Platinum Credit Card, you must:
- Be between 21 and 70 years old for a principal cardholder.
- Be between 18 and 70 years old for a supplementary cardholder.
- Earn a minimum annual income of RM50,000.
Prepare the following documents when applying for the Public Bank Visa Platinum Credit Card. Public Bank may request additional supporting documents depending on your employment status and application.
Salaried Employees
- NRIC or passport.
- Latest salary slip or salary advice.
- Latest EA Form, income tax return, or EPF statement, where applicable.
Self-Employed Applicants
- NRIC or passport.
- Business Registration Certificate, where applicable.
- Latest income tax return.
- Business or personal bank statements supporting your income.
Foreign Applicants
- Passport.
- Valid employment pass or work permit.
- Income documents requested by Public Bank to support your application.
How to Apply
Compare the Public Bank Visa Platinum Credit Card with other credit cards on CompareHero and apply online in just a few steps. Eligible applicants may also enjoy exclusive sign-up offers, subject to the campaign's terms and conditions.