Perodua and Bank Rakyat Credit Card-i for Auto Spending

Perodua and Bank Rakyat Credit Card-i for Auto Spending

Perusahaan Otomobil Kedua Sdn Bhd (Perodua) and Bank Rakyat have unveiled the Perodua-Bank Rakyat Credit Card-i, a Shariah-compliant credit card designed to support Malaysia's automotive ecosystem by rewarding vehicle owners for fuel, electric vehicle (EV) charging, maintenance, and takaful purchases. This co-branded Islamic credit card was announced on 23 September 2026 in Kuala Lumpur, marking the first credit card collaboration for Perodua with a banking institution. The card solves the problem of fragmented automotive spending rewards by consolidating benefits into a single payment tool redeemable through Perodua's P-Circle mobile app.

Key Facts

The Perodua-Bank Rakyat Credit Card-i is an Islamic credit card (Credit Card-i) issued by Bank Rakyat in partnership with Perodua, Malaysia's largest compact car manufacturer. The card is available to the Malaysian public through Perodua sales and service outlets and Bank Rakyat branches nationwide.

What Are the Key Benefits of the Perodua-Bank Rakyat Credit Card-i?

The card offers five times reward points on automotive-related spending categories including fuel, EV charging, vehicle maintenance, and takaful protection purchases. Cardholders also receive 0% overseas transaction fees, no annual fee, and complimentary takaful coverage for total outstanding balances of up to RM300,000 for cardholders up to the age of 70, plus RM1,000 of bereavement benefit.

These rewards are convertible and redeemable through Perodua's P-Circle mobile app, creating an integrated ecosystem between daily automotive spending and Perodua services. The takaful coverage is a notable feature distinct from conventional credit card offerings, reflecting the Islamic banking structure of the product.

"The card's launch is a significant milestone for the automaker as it marks the first time they have collaborated with a banking institution to introduce a credit card."

— Datuk Sri Zainal Abidin Ahmad, Perodua President and Chief Executive Officer

**The Perodua-Bank Rakyat Credit Card-i provides five times reward points on automotive spending and includes complimentary takaful coverage of up to RM300,000 for cardholders aged 70 and below.**

How Does This Card Fit Into Bank Rakyat's Islamic Banking Strategy?

Bank Rakyat Group CEO Ahmad Shahril Mohd Shariff described the collaboration as reflecting Bank Rakyat's approach toward building an ecosystem that provides customers with comprehensive value through combined strengths of Islamic banking and the automotive industry. The initiative aligns with Bank Rakyat's "For All" aspiration to expand access to inclusive and relevant financial solutions.

The card is designed as a Shariah-compliant financial product, with takaful (Islamic insurance) coverage rather than conventional insurance. This positions the card within Malaysia's dual-banking system, where Islamic financial products operate alongside conventional banking, serving the significant demand for Shariah-compliant consumer finance options in the country.

"This initiative aligns with Bank Rakyat's 'For All' aspiration to expand access to inclusive and relevant financial solutions for all segments of the community. We believe such collaborations will create more opportunities for Bank Rakyat to expand its reach, strengthen the customer experience and develop more innovative and value-added Shariah-compliant financial solutions."

— Ahmad Shahril Mohd Shariff, Bank Rakyat Group CEO

**Bank Rakyat's partnership with Perodua on the Credit Card-i represents the bank's strategy to develop Shariah-compliant financial solutions through cross-industry ecosystem collaboration.**

How Can Malaysians Apply for the Perodua-Bank Rakyat Credit Card-i?

Members of the public can visit their nearest Perodua sales and service outlets or Bank Rakyat branches to learn about the benefits and features of the card. Perodua will also run a special campaign to encourage customers to apply through exclusive Perodua Package offers, according to Datuk Sri Zainal Abidin Ahmad.

The application process is facilitated through physical locations only — no online application channel was specified in the announcement. This in-person approach leverages Perodua's extensive nationwide sales and service outlet network and Bank Rakyat's branch presence, making the application process accessible to vehicle owners across Malaysia, including those in urban centres like Kuala Lumpur, Penang, and Johor Bahru as well as rural areas.

**The Perodua-Bank Rakyat Credit Card-i is available for application at Perodua sales and service outlets and Bank Rakyat branches nationwide, with a special Perodua Package campaign encouraging applications.**

Who Is This For in Malaysia?

This credit card targets Perodua vehicle owners and Malaysian motorists who want to maximise rewards on their regular automotive spending. The card suits compact car owners in urban areas such as the Klang Valley, Penang, and Johor Bahru, where fuel costs and vehicle maintenance represent significant monthly expenses. The five times reward points on fuel and EV charging make it relevant for both conventional internal combustion engine vehicle owners and the growing segment of Malaysian EV adopters.

**The Perodua-Bank Rakyat Credit Card-i is designed for Perodua vehicle owners and Malaysian motorists seeking Shariah-compliant rewards on fuel, EV charging, and vehicle maintenance spending.**

Common Questions

How much is the annual fee for the Perodua-Bank Rakyat Credit Card-i?

There is no annual fee for cardholders of the Perodua-Bank Rakyat Credit Card-i. This makes the card cost-effective for Malaysian motorists who want to keep their banking expenses low while earning rewards on automotive spending.

What takaful coverage does the Perodua-Bank Rakyat Credit Card-i include?

Cardholders receive complimentary takaful coverage for total outstanding balances of up to RM300,000, applicable up to the age of 70. Additionally, the card includes RM1,000 of bereavement benefit, providing Shariah-compliant financial protection for the cardholder's obligations.

How can I redeem the reward points earned with this credit card?

Reward points earned from the five times points programme on fuel, EV charging, vehicle maintenance, and takaful purchases are convertible and redeemable through Perodua's P-Circle mobile app. The P-Circle app serves as the central redemption platform for the card's rewards.

Sources and Methodology

This article is based on the original report published by CarSifu on 23 September 2026, titled "Perodua, Bank Rakyat's Credit Card-i targets automotive spending," available at https://www.carsifu.my/news/perodua-bank-rakyats-credit-card-i-targets-automotive-spending/. The original source is published by Star Media Group Berhad [197101000523 (10894-D)].

All statistics, quotes, dates, and product specifications cited in this article are derived directly from the source material. No additional data has been inferred or added. Currency figures are presented in RM (Ringgit Malaysia) as reported in the original source. This article was last updated on 16 February 2026. Information specific to Malaysia was verified against the original CarSifu report.