Visa · IslamicMUAMALAT · MALAYSIA
Bank Muamalat Awwal Basic Credit Card-i
Min. annual incomeRM24,000RM2,000 / month equivalent
Principal annual feeRM0
Fixed profit rate14% p.a.
THE DETAILS
Benefit breakdown
Awwal financing structure
| Item | Current terms |
|---|---|
| Retail effective profit | 14% p.a.; no profit on carried-forward profit |
| Credit-limit ceiling | Lower of RM20,000 or twice monthly income |
| Cash withdrawal profit | Up to 18% p.a. |
| Rewards, cashback and lounge privileges | Not included |
Retail 14% must not be applied to cash advances.
Fees & charges
- Principal annual fee
- RM0
- Annual-fee waiver
- No annual fee.
- Retail profit rate
- 14% p.a., non-compounding retail profit structure.
- Minimum monthly payment
- 5% of statement balance plus fixed monthly instalments, or RM50, whichever is higher; overdue minimum payments also payable.
- Late payment / Ta’widh
- 1% of relevant outstanding retail / cash balance, maximum RM100; not compounded or added for profit-charge calculations.
- Foreign exchange
- Visa conversion rate plus 1% bank service fee.
- Replacement card
- RM50 for loss due to cardholder negligence.
- Cash withdrawal fee
- 2% or RM30, whichever is higher; cash profit up to 18% p.a. / 1.5% monthly, without a grace period.
- Retail grace period
- 20 days plus four grace days from statement issuance, conditional on fully settling the prior statement.
- Service tax
- RM25 per principal / supplementary card on activation and each anniversary.
- Supplementary annual fee
- Waived
Requirements
- Minimum annual income
- RM24,000
- Principal age
- 21–70 years
- Supplementary age
- 18–70 years
- Income documents
- NRIC plus latest payslip / EPF / EA / BE evidence as accepted by the bank. Self-employed: six months bank statements, business registration and latest tax assessment / official receipt.
Payment plans
Balance transfer
| Tenure | Published one-off profit charge | Minimum transfer |
|---|---|---|
| 6 months | 0% | RM3,000 |
| 12 months | 2.5% | RM5,000 |
Up to 70% of total card limit or remaining available limit, whichever is lower; application and bank approval required. Some EON marketing mentions 12-month 0% without a product-specific formal schedule; confirm the quote rather than assuming the general 12-month charge is waived.
Instalment Payment Plan
| Tenure | Minimum single purchase | Profit charge |
|---|---|---|
| 6 months | RM500 | 0% |
| 12 months | RM1,000 | 0% |
| 18 / 24 months | RM1,000 | 4% p.a. |
Apply to convert eligible retail purchases. EON additionally offers 36 / 48 / 60-month tenures at 6% p.a.; longer plans are not 0%.
Product features
- Announced limited-time Takaful · begins 1 January 2027
- Outstanding-balance cover up to RM20,000 and RM1,000 funeral benefit. Programme runs 1 January–31 December 2027; principal holders age 21–64 next birthday with minimum RM1,000 outstanding balance. This is an announced future benefit, not active cover on the review date.
- InstaCash
- Cash instalment options of 12 / 24 / 36 / 48 months are advertised. Obtain the bank’s actual rate / repayment quotation; these cash plans are not assumed to be interest-free.
Annual fees exclude applicable tax and transaction charges. Bank approval and current product terms apply.