PETRONAS Visa Platinum-i Credit Card

What makes this card Islamic

CIMB Islamic builds this card on a Tawarruq contract. The bank sells you a commodity on credit at a marked-up price, you sell that commodity to somebody else for cash, and the cash becomes your spending limit.

Commodity Murabahah (Tawarruq), per the CIMB Islamic Bank Credit Card Product Disclosure Sheet dated 1 January 2026. MIGRATION — DATED AND CONFIRMED: ran on UJRAH until 31 December 2025; converted to TAWARRUQ effective 1 JANUARY 2026 under CIMB's Important Notice dated 21 November 2025 (Update dated 31 December 2025), a transition CIMB states is 'closely guided and monitored by Bank Negara Malaysia (BNM)'. No cardholder action was required; continued use is deemed agreement, including appointment of the Bank as agent for the commodity trading arrangement. No evidence of Bai' al-Inah was found for CIMB Islamic.

Approved by CIMB Islamic Bank Berhad Shariah Committee, under the supervision of Bank Negara Malaysia.

What it costs

Every figure below comes from CIMB Islamic’s own published documents. Where the bank does not publish a number we say so rather than estimate it.

Annual fee

No annual feeWaived outright; no spend condition stated.source

Supplementary card

RM 0Supplementary Card - Waived.source

Profit rate

15% a yearCEILING PROFIT RATE = 18% p.a. over a 5-year tenure (Total Profit = Bank's Purchase Price x 18% x 5 years; Bank's Purchase Price = Approved Credit Limit + 50%). EFFECTIVE PROFIT RATE tiered on retail transactions: 15% (prompt payments for 12 consecutive months), 17% (prompt payment for 10 months or more in the last 12), 18% (otherwise). Cash advances 18% p.a. on daily rest. Ibra' is the difference between Total Profit at the Ceiling Profit Rate and profit charged at the Effective Profit Rate. Recorded value is the best case (15%); worst case 18%. No monthly rate is published.source

Cash withdrawal

Cash Advance Fee waived until further notice. PLUS / CIRRUS ATM withdrawal or account enquiry RM2 each.

Late payment

RM 10Ta'widh: actual cost up to 1% on the unpaid balance, minimum RM10, maximum RM100.

Foreign currency spend

1% on top of the exchange rate

Replacement card

RM 10

What you get back

• PETRONAS service stations and Setel (MCC 5541, 5542, 6540): 4% cash rebate when monthly statement balance is RM500 to RM1,999; 8% when statement balance is RM2,000 and above. Capped at RM50 per month.
• Groceries (MCC 5411, 5422, 5451), Dining (MCC 5811, 5812, 5813, 5814, 5921) and Cashless Parking (MCC 7523): 1% cash rebate when statement balance is RM500 to RM1,999; 2% when statement balance is RM2,000 and above. Capped at RM50 per month across these three categories combined.
• Product page also markets EV charging at PETRONAS stations within the up-to-8% tier.
• Headline annual maximum: 'Up to RM1,200 Cash Rebate Annually' (RM100 per month across both capped buckets).

Other benefits

• Up to 8% cash rebate on PETRONAS, Setel and PETRONAS EV charging spend
• Up to 2% cash rebate on groceries, dining and cashless parking
• 0% Easy Pay for up to 24 months at selected Proton and Perodua service centres
• No annual fee on principal or supplementary cards
• Cash advance fee waived until further notice

Before you apply

• The headline 8% rate is NOT the default — it requires a monthly statement balance of RM2,000 or above. Below RM2,000 (and at or above RM500) the rate halves to 4%; the T&C table publishes no rate at all for a statement balance below RM500.
• Statement Balance is defined to include balances carried forward from the previous month, so the qualifying threshold rewards carrying a balance — on which the 15% to 18% p.a. effective profit rate would then accrue.
• Rebate caps are tight: RM50 per month on fuel means the 8% rate is exhausted at RM625 of PETRONAS spend.
• Government service tax of RM25 is imposed on each new principal AND each supplementary card upon activation and annual renewal.
• Air Flight Travel Personal Accident Takaful coverage on this card was discontinued effective 1 August 2025 (recorded as secondary — see secondary_urls).
• Overseas transactions carry a 1% administrative cost plus any network transaction fee.
• Card replacement costs RM50 from the second replacement onwards.

Can you get it?

Age

21 and over

Other conditions

Bank states an ANNUAL income figure: 'Minimum Annual Income: RM24,000 per annum' — exactly Bank Negara Malaysia's national floor. Applicants aged at least 21 who cannot prove annual income must pledge a Fixed Deposit-i with CIMB Islamic Bank equal to the credit limit granted. No maximum age is published.

Where these figures come from

Last checked against CIMB Islamic’s published documents on 2026-08-17. Banks change fees without notice, so treat the bank’s own document as the final word, not this page.

• “Categories / Statement Balance* / Monthly Capping — RM500 – RM1,999 | RM2,000 & above. PETRONAS service stations ("PETRONAS") and Setel: 4% | 8% | RM50. Groceries, Dining, Parking: 1% | 2% | RM50. — CIMB PETRONAS Visa Platinum-i Credit Card Terms and Conditions, Version: 18 September 2024, cl.3(a)”
• “Statement Balance includes any outstanding balances which are carried forward from the previous month's statement and new transactions made on the current month's statement. — CIMB PETRONAS Visa Platinum-i Credit Card Terms and Conditions, cl.3(a) note”
• “Eligible Spend Category / MCC: PETRONAS and Setel 5541, 5542, 6540; Groceries 5411, 5422, 5451; Dining 5811, 5812, 5813, 5814, 5921; Parking 7523 — CIMB PETRONAS Visa Platinum-i Credit Card Terms and Conditions, cl.3(b)”
• “Minimum Annual Income: RM24,000 per annum — CIMB PETRONAS Visa Platinum-i Credit Card product page, Eligibility & Requirements”
• “Up to RM1,200 Cash Rebate Annually. — CIMB PETRONAS Visa Platinum-i Credit Card product page”
• “Annual Fees: Principal Card - Waived; Supplementary Card - Waived — CIMB PETRONAS Visa Platinum-i Credit Card product page”
• “Annual Fee (RM): CIMB PETRONAS Visa Platinum-i Credit Card — Principal Card WAIVED, Supplementary Card WAIVED — CIMB Islamic Bank Credit Card Product Disclosure Sheet, 1 January 2026, s.4”
• “Effective 1 January 2026, the Shariah concept for all CIMB Islamic Bank Credit Cards and the related services which are currently under the Ujrah concept will be converted to the Tawarruq concept. — CIMB PETRONAS Visa Platinum-i Credit Card product page banner”
• “Service Tax: RM25 will be imposed on each new principal and supplementary credit card upon activation and annual renewal of the principal and supplementary credit card. — CIMB Islamic Bank Credit Card Product Disclosure Sheet, 1 January 2026, s.4”

• Product page
• Schedule of charges
• Terms and conditions