Public Islamic Bank Visa Gold Credit Card-i
Shariah-compliant online savings with the Public Islamic Bank Visa Gold Credit Card-i
Eligibility
Minimum Monthly Income
RM 2,000 (RM 24,000 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
Profit 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, RM150 for Principal Card and RM100 for Supplementary Card
Late Payment Compensation
RM 50 or 5% of the outstanding amount, whichever is higher
Profit Rate
15%
Features
Good for Cashback & Islamic
1% cashback on online transactions, capped at RM10 monthly (combined between Principal and Supplementary accounts)
Enjoy a 0% FlexiPay Plan for purchases above RM1,500 over a 6-month instalment plan
Every 0.1% of your monthly dining spend will automatically be donated to Yayasan Waqaf, capped at RM100 monthly
Terms and Conditions
Product review by CompareHero
What Is the Public Islamic Bank Visa Gold Credit Card-i?
The Public Islamic Bank Visa Gold Credit Card-i is a Shariah-compliant cashback credit card designed for everyday spending. With a minimum annual income requirement of RM24,000, the card lets you earn 1% Cash Back on eligible online transactions, enjoy a 0% Flexipay Plan on selected purchases, and supports charitable giving through automatic contributions to Yayasan Waqaf from eligible dining transactions. The card is based on the Commodity Murabahah via Tawarruq Shariah principle.
Benefits of the Public Islamic Bank Visa Gold Credit Card-i
- Earn 1% Cash Back on eligible online transactions.
- Convert eligible purchases above RM1,000 into a 6-month PB Flexipay Plan with 0% management fee.
- Support Yayasan Waqaf through automatic monthly donations from eligible dining transactions.
- Enjoy non-compounding profit charges in accordance with the card's Shariah structure.
- Access your account anytime through PBe online banking.
Cash Back and Waqaf Contribution
The Public Islamic Bank Visa Gold Credit Card-i rewards eligible online spending while supporting charitable giving through selected dining transactions.
Cash Back
Earn 1% Cash Back on eligible online transactions. Cash Back is capped at RM10 per monthly statement cycle, with the monthly cap shared between the principal and supplementary cards.
Selected transactions are excluded from earning Cash Back under Public Islamic Bank's prevailing terms and conditions.
Automatic Waqaf Contribution
Public Islamic Bank automatically contributes 0.1% of your eligible dining transactions under Merchant Category Codes (MCC) 5812 and 5814 to Yayasan Waqaf every month.
The donation amount is capped at RM100 per monthly statement cycle, with the cap shared across all Public Islamic Bank principal and supplementary card accounts.
Shariah Features and Additional Benefits
The Public Islamic Bank Visa Gold Credit Card-i is based on the Commodity Murabahah via Tawarruq Shariah principle, an arrangement that uses a series of sale and purchase contracts to provide Shariah-compliant financing.
The card also applies non-compounding profit charges, meaning profit is calculated on a non-compounding basis in accordance with its Shariah structure.
For larger purchases, you can convert eligible retail transactions of more than RM1,000 into a 6-month PB Flexipay Plan with 0% management fee.
You can also manage your Public Islamic Bank Visa Gold Credit Card-i through PBe online banking, allowing you to access your account and banking services anytime.
Fees and Charges
The Public Islamic Bank Visa Gold Credit Card-i offers the following fees and charges:
- Annual fee (principal): First year waived. Subsequent years are waived with a minimum of 12 retail swipes over the preceding 12 months.
- Annual fee (supplementary): First year waived. Subsequent years are waived with a minimum of12 retail swipes over the preceding 12 months.
- Government Service Tax: RM25 per card upon activation and every anniversary thereafter.
- Cash withdrawal fee: 5% of the amount withdrawn or RM20, whichever is higher.
- Cash withdrawal profit rate: 18% p.a., calculated from the transaction date until full settlement.
- 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 transactions are subject to Bank Negara Malaysia's tiered profit rates of 15% p.a., 17% p.a. or 18% p.a., depending on your repayment behaviour.
Eligibility Requirements
To apply for the Public Islamic Bank Visa Gold Credit Card-i, you must:
- Be 21 years old and above for a principal cardholder.
- Be 18 years old and above for a supplementary cardholder.
- Earn a minimum annual income of RM24,000.
Required Documents
Prepare the following documents when applying for the Public Islamic Bank Visa Gold Credit Card-i.
Identification documents
- MyKad, MyTentera, MyPR, MyKas or Police ID (front and back), where applicable.
- Passport (for passport holders).
Income documents(submit one, where applicable)
- Latest one month's salary slip.
- Latest EA Statement.
- Latest EPF Statement.
- Employment Letter or Employer Confirmation.
- Latest one year's Income Tax Return and Tax Receipt.
- Latest six months' Company CASA Statement (for company directors).
Additional documents
- Valid Work Permit (for passport holders).
Public Islamic Bank may request additional supporting documents depending on your application.
How to Apply
Compare the Public Islamic Bank Visa Gold Credit Card-i 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.