Bank Rakyat Platinum Explorer Card-i
5% air/hotel cashback + free lounge access (Islamic)
Apply for Bank Rakyat Platinum Explorer Card-i →Last updated 7 August 2026 · Reviewed by Raymond, Rates.my
Bank Rakyat Bank Rakyat Platinum Explorer Card-i overview
The Bank Rakyat Bank Rakyat Platinum Explorer Card-i is a Platinum-tier Mastercard hybrid card built around cashback and rewards points. 5% air/hotel cashback + free lounge access (Islamic). It best suits upper-middle-income earners, with a minimum income requirement of RM60,000 a year. It carries no annual fee. Standout perks include airport lounge access, complimentary travel insurance, a Shariah-compliant structure.
Features & benefits
- ✓5% cashback on airline & hotel bookings (no min spend)
- ✓3x Plaza Premium Lounge visits in Malaysia
- ✓Free family takaful up to RM200,000
Is the Bank Rakyat Platinum Explorer Card-i worth it?
The Bank Rakyat Platinum Explorer Card-i is best suited to upper-middle-income earners — its minimum income requirement is RM60,000 a year (about RM5,000 a month). As a hybrid card, it works best for spenders who want a mix of cashback and redeemable rewards points.
- +Free for life — no annual fee
- +Up to 5% cashback on airline & hotel bookings
- +Complimentary airport lounge access
- +Complimentary travel insurance
- +Shariah-compliant — no conventional interest (riba)
- −Cashback capped at RM1000 a month
- −Higher income requirement — RM60k a year
- −Like any credit card, finance charges apply if you don't pay the balance in full each month
Cashback at a glance
Rewards specific merchants or categories — check the card's terms for what qualifies. The maximum is the published monthly cap; actual cashback depends on the exact eligible categories, exclusions and minimum-spend terms — confirm the fine print below before you apply.
Eligibility & how to apply
Requirements are general guidance — Bank Rakyat sets the final approval criteria. Confirm current terms before you apply.
The fine print, decoded
The catches most people miss on the Bank Rakyat Platinum Explorer Card-i, in plain language — so nobody gets caught out. Always confirm against the official terms.
- What's excluded
- 5% cashback only applies to airline (MCC 3000-3303, 3308, 4511) and hotel/travel-agency (MCC 3501-3999, 7011, 4722) merchant categories; transactions at non-halal merchants are declined outright (Shariah-compliant card).
- How the cap works
- Capped at RM1,000 total cashback per calendar year (1 Jan-31 Dec), combined across principal and supplementary cardholders.
- Foreign transaction fee
- No mark-up on overseas transactions — 0% FX/currency-conversion fee per the official product page.
- ⚠Cashback only credits after the transaction is billed, not at time of purchase.
Verified 4 August 2026. Summarised in our own words from Bank Rakyat's published terms — indicative only, and terms change. Read the official document before you apply.
📄 Official Bank Rakyat Platinum Explorer Card-iterms & product disclosure →Bank Rakyat Platinum Explorer Card-i FAQ
You need a minimum annual income of RM60,000 (about RM5,000 a month). Bank Rakyat also considers your overall credit standing.
No — the Bank Rakyat Platinum Explorer Card-i is free for life with no annual fee.
It earns up to 5% cashback on airline & hotel bookings, capped at RM1000 a month. 5% air/hotel cashback + free lounge access (Islamic).
Yes — it is a Shariah-compliant card-i, which avoids conventional interest (riba) and instead uses a Shariah-approved fee structure.
It's a good fit for upper-middle-income earners who want cashback and rewards points — its main draw is "5% air/hotel cashback + free lounge access (Islamic)". With no annual fee, there's little downside to holding it. Compare it with the related cards below before applying.
See how the Bank Rakyat Platinum Explorer Card-i compares
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Rates, fees and promotions are indicative and time-limited — always confirm current terms with Bank Rakyat before applying. Not financial advice. Rates.my is an independent comparison site, not affiliated with or endorsed by Bank Rakyat; card names and logos belong to their respective owners. Spotted an error or need a correction or takedown? Contact Raymond at raymond@rates.my.