Bank Muamalat Visa Platinum-i
Affordable Islamic Platinum with cashback + takaful
Apply for Bank Muamalat Visa Platinum-i →Last updated 7 August 2026 · Reviewed by Raymond, Rates.my
Bank Muamalat Bank Muamalat Visa Platinum-i overview
The Bank Muamalat Bank Muamalat Visa Platinum-i is a Platinum-tier Visa cashback card built around cashback. Affordable Islamic Platinum with cashback + takaful. It best suits middle-income earners, with a minimum income requirement of RM36,000 a year. It has an annual fee of RM138 (free 1st year; 12 transactions/year). Standout perks include complimentary travel insurance, a Shariah-compliant structure.
Features & benefits
- ✓1% cashback on overseas & e-commerce spend
- ✓Travel accident takaful up to RM250,000
- ✓Low RM138 fee, waivable on 12 swipes
Is the Bank Muamalat Visa Platinum-i worth it?
The Bank Muamalat Visa Platinum-i is best suited to middle-income earners — its minimum income requirement is RM36,000 a year (about RM3,000 a month). As a cashback card, it works best for everyday spenders who want straightforward rebates on categories like petrol, groceries and dining.
- +Annual fee waivable (free 1st year; 12 transactions/year)
- +Up to 1% cashback on overseas & e-commerce
- +Complimentary travel insurance
- +Shariah-compliant — no conventional interest (riba)
- −RM138 annual fee unless the waiver condition is met
- −Cashback capped at RM50 a month
- −Top cashback applies only to specific categories (overseas & e-commerce)
- −Like any credit card, finance charges apply if you don't pay the balance in full each month
Cashback at a glance
The top rate rewards one main category — great only if that fits your spending. 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 Muamalat sets the final approval criteria. Confirm current terms before you apply.
The fine print, decoded
Before you apply, read Bank Muamalat's official terms & Product Disclosure Sheet — the cashback caps, category exclusions and fees are all set out there.
📄 Official Bank Muamalat Visa Platinum-iterms & product disclosure →Bank Muamalat Visa Platinum-i FAQ
You need a minimum annual income of RM36,000 (about RM3,000 a month). Bank Muamalat also considers your overall credit standing.
The annual fee is RM138, but it can be waived: free 1st year; 12 transactions/year.
It earns up to 1% cashback on overseas & e-commerce, capped at RM50 a month. Affordable Islamic Platinum with cashback + takaful.
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 middle-income earners who want cashback — its main draw is "Affordable Islamic Platinum with cashback + takaful". Weigh the RM138 annual fee against how much you'll earn back. Compare it with the related cards below before applying.
See how the Bank Muamalat Visa Platinum-i compares
This card features in our ranked shortlists — compare it against the best in each category:
Rates, fees and promotions are indicative and time-limited — always confirm current terms with Bank Muamalat before applying. Not financial advice. Rates.my is an independent comparison site, not affiliated with or endorsed by Bank Muamalat; card names and logos belong to their respective owners. Spotted an error or need a correction or takedown? Contact Raymond at raymond@rates.my.