How to Apply to Bank Rakyat Platinum Mastercard Explorer Credit Card

The BankRakyat Platinum Explorer Card-i is a shariah-compliant credit card packed with travel perks and rewards. Offering complimentary airport lounge access, 5% cashback on hotels and flights, and no foreign transaction fees, this card simplifies travel for today’s Muslim jetsetters. Read on to learn more about the key benefits and prerequisites of applying.
Benefits
The BankRakyat Platinum Explorer Card-i provides numerous advantages for frequent travelers including:
- 5% Cashback: one of the biggest perks is the high 5% cashback on all flight and hotel spending worldwide. This applies to airfare, hotel stays, travel packages, and more booked directly with airlines and hotels. The 5% cashback is credited to your account for use towards future travel expenses or other spending. For a frequent traveler who spends RM5,000 a month on flights and hotels, this benefit alone can mean RM250 cashback monthly. That’s a substantial RM3,000 in annual savings possible;
- Lounge Access: complimentary access to Plaza Premium airport lounges in Malaysia up to 3 times per year is another useful benefit. As a BankRakyat cardholder, you can enjoy these lounges located at KLIA, KLIA2, Penang Airport, Kota Kinabalu Airport, and Kuching Airport before your flights. This gives you a comfortable, relaxing space to unwind, refresh, have snacks, and even catch up on work. Lounge access usually costs RM150 per entry, so this benefit could save you RM450 per year;
- No Annual Fees: the BankRakyat Platinum Explorer Card-i also has no annual fees unlike many competitive travel credit cards. This provides a straightforward, predictable cost experience. There are also no foreign transaction fees charged on overseas retail transactions and travel bookings. Most credit cards impose a 1-3% foreign fee, but BankRakyat cardholders enjoy true chip-and-pin rates worldwide with no hidden charges. This makes the card very economical for international trips;
- No Foreign Transaction Fees: no mark-up or extra fees on overseas retail transactions and travel bookings. Most credit cards impose a 1-3% foreign fee, but BankRakyat cardholders enjoy true chip-and-pin rates worldwide with no hidden charges. This makes the card very economical for international trips;
- Takaful Coverage: for added peace of mind, the card comes with complimentary takaful coverage on outstanding balances in case of death. Furthermore, the tiered pricing model means you enjoy lower competitive profit rates of 13% to 18% based on your prompt monthly payments. No compounding applies;
- Tiered Pricing: competitive profit rates of 13% to 18% per annum based on your payment history. No compounding.
With all these features combined, the BankRakyat Platinum Explorer Card-i offers unmatched value for frequent flyers and globetrotters.
Prerequisites
To apply for the card as principal cardholder, you must:
- Be at least 21 years old;
- Have a minimum annual income of RM60,000;
- Provide supporting documents (ID, payslips, etc.).
Supplementary card applicants must be 18+ years old.
Who is this card for?
The BankRakyat Platinum Explorer Card-i is tailored for a few key demographics of customers:
- Frequent travelers: with 5% cashback on flights and hotels, lounge access, and no foreign transaction fees, this card maximizes travel perks for those who travel regularly for business or leisure;
- Young professionals: the minimum age of 21 years old makes it suitable for young working adults who desire a convenient cashless payment method plus rewards;
- Higher income: the minimum salary requirement of RM60,000 annually ensures customers can comfortably manage the credit limit and card expenses;
- Muslim consumers: shariah-compliance gives Muslim professionals and travelers peace of mind to use this card in line with their values.
Overall, the card is ideal for upwardly mobile Muslim professionals, millennials, and families who travel extensively and desire excellent travel benefits with a card.
Step by step to apply for the card
Follow these steps to apply for the BankRakyat Platinum Explorer Card-i:
- Go to the official website;
- Click on the “Apply Now” button and select the Platinum Explorer Card-i option;
- You will be redirected to the online application form. Fill in your personal details, income, and employment information accurately;
- Upload the required supporting documents such as ID, payslip, EA form, etc;
- Read and agree to the product terms and conditions;
- Submit the application and you will receive SMS updates on approval status;
- Once approved, you can activate your new card following the instructions given.
[junkie-button url=”https://www.bankrakyat.com.my/c/personal/cards_i/bank_rakyat_platinum_explorer_card-31/credit” style=”green” size=”medium” type=”round” target=”_self”] PRESS HERE TO APPLY THE BANK RAKYAT PLATINUM EXPLORER CARD [/junkie-button]
Positives and negatives of the card
Positives:
- 5% cashback on hotels and flights provide huge savings on travel expenses;
- Complimentary airport lounge access for cardholders;
- No annual fee means cost savings annually;
- No foreign transaction fee on overseas spending;
- Free takaful coverage gives peace of mind.
Negatives:
- High minimum income requirement of RM60,000 annually
- Must be Muslim to use the shariah-compliant card
- Credit limit starting from RM3,000 may be too low for some
- Late payment penalty of 1% of outstanding balance
- Profit rates range from 13% to 18% which is quite high
While the card has excellent travel and rewards benefits, the eligibility criteria, profit rates, and credit limit may deter some customers. However, it remains a strong product for Muslim travelers who can meet the requirements.
How to unlock the card?
Follow these steps to activate and unlock your new BankRakyat Platinum Explorer Card-i:
- After receiving your card by post, call the Card Activation Center at 03-2693 6880.
- Provide the agent with your full name, IC number, and new credit card number.
- The agent will guide you through setting a new ATM PIN number for your card. Choose a 6-digit PIN you can easily remember.
- After setting the PIN, your card will be activated. The agent will inform you once activation is successful.
- You can now start using the card for purchases online and in-store by entering your 6-digit PIN.
- Alternatively, you can activate via SMS. Text CA<space>last 6 digits of your new card number and send to 66300.
- Follow the prompt to set your ATM PIN. You will receive an SMS when activation is complete.
Fees and Tariffs
Key fees for the BankRakyat Platinum Explorer Card-i:
- No annual fee
- No overseas transaction fee
- Cash withdrawal fee of 5% or minimum RM20
- RM25 fee for each replacement of lost or damaged card
- Late payment penalty of 1% of total outstanding balance
- Profit rate ranging from 13% to 18% per annum
Customer Service
Contact BankRakyat Platinum Explorer Card-i customer service through:
- Phone: 03-2693 6880 (Card Activation Center), 03-2692 4600 (Lost/Stolen Card)
- Email: [email protected]
- Website
- Online banking
- Visiting nearest Bank Rakyat branch;
- Mobile app: Download BankRakyat app on iOS and Android.
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