Bank Rakyat My FIRST Credit Card-i

Min. annual incomeRM24,000RM2,000 / month equivalent

Principal annual feeRM0

Card networkMastercardIslamic credit card

View with bank ↗← All RAKYAT cards

SPENDING ABROAD

Foreign-currency fees

0% bank FX markup

Bank FX markup waived; Mastercard conversion rates apply. Other fees are not confirmed as zero.

Countries / location: Overseas spending; no named-country restriction stated in the linked policy.
Transaction currency: Eligible foreign-currency purchases; a transaction billed in MYR under DCC is different.
Eligible payment method: Eligible foreign-currency retail purchases. Do not assume cash advances or merchant fees are waived.
Fee waived: Additional bank FX markup: 0%.
Conversion & other charges: Card-network conversion rates apply. Network charges are not confirmed as waived.
Minimum spend / cap: No separate spending threshold stated for this bank-markup waiver. Rewards have their own conditions.
DCC / home-currency payment: DCC is outside the foreign-currency waiver; merchant conversion and other charges can apply.
Effective period: Current product policy checked 4 November 2026; no fixed end date stated.

0% fees do not mean a fixed or mid-market exchange rate. Network conversion rates and merchant surcharges are separate. The waiver applies only to the transactions and locations stated above.

THE DETAILS

Benefit breakdown

Standard Rakyat Rewards

Standard Rakyat Rewards
Eligible retail	Points	Cash redemption
RM10 eligible retail	1 point	10 points = RM0.10

Three-year points validity. Selected card-specific multipliers / cash values below override this base programme where stated.

My FIRST points

My FIRST points
Eligible spending	Points per RM10
Online retail	5
Other retail	1

Excluded transactions and three-year expiry follow the programme; points are not a flat 5% purchase rebate.

Fees & charges

Principal annual fee: RM0
Service tax: RM25 per issued principal / supplementary card annually; separate from annual fees.
Retail profit rate: Non-shareholder: 13.5% / 17% / 18% p.a.; qualifying shareholder: 13% / 15.5% / 17%, according to repayment history. No compounding.
Cash withdrawal fee: Bank Rakyat ATM: 3%, minimum RM20; other banks: 5%, minimum RM20. Applicable tax is additional; PDRM cards have a separate bank-ATM tariff.
Minimum payment: 5% of relevant balance plus full monthly instalments, unpaid minimum amounts and over-limit amounts, or RM50, according to the PDS formula.
Late payment / Ta’widh: 1%, subject to the published RM10 / RM100 limits and applicable timing rules; does not compound.
Foreign exchange: No additional bank FX markup advertised; Mastercard conversion rates still apply.
Annual-fee waiver: Unconditional annual-fee waiver under the current product terms; service tax remains separate.

Requirements

Minimum annual income: RM24,000 (RM2,000 monthly equivalent)
Principal minimum age: 21 years; upper age / documentary conditions follow the current application.

Payment plans

0% instalment plan

0% instalment plan
Minimum qualifying purchase	Tenure
RM500	6 / 12 / 24 months where offered

Participating merchants / conversion approval and minimum monthly instalment conditions apply; not every purchase automatically becomes a 0% plan.

Product features

Card benefits: 5 points per RM10 eligible online spending; other eligible retail earns 1 point per RM10; no annual fee.
Rakyat Rebate: A conditional rebate on PROFIT charged for qualifying repayment / relationship behaviour. It is not purchase cashback; a full payer with no profit charge has no such profit rebate.
Protection: Outstanding-balance Takaful and Khairat benefits are subject to policy eligibility, age and insured-event rules; not unlimited travel medical insurance.
Airline conversion via iRakyat: Standard points examples: 5,500 points (RM55 value) for 1,000 Enrich points; 2,500 points (RM25 value) for 1,000 AirAsia points. Check the live iReward quote and card-specific point value before redemption.

Product disclosure·Card terms·FX fee policy·Terms apply

Annual fees exclude applicable tax and transaction charges. Bank approval and current product terms apply.