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alrajhi bank Malaysia expands retail banking business with new Visa credit cards

Money Compass by Money Compass
July 16, 2026
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New cards offer cashback, travel rewards, and digital card management through the MY alrajhi app.

KUALA LUMPUR, 14 July 2026 – alrajhi bank Malaysia today announced the launch of its first Visa credit cards, the Visa Platinum Credit Card-i and Visa Signature Credit Card-i, to meet consumers’ growing demand for greater value, convenience, and control over their everyday spending.

The introduction of the new cards marks the Bank’s entry into the credit card market and expands its retail banking offering into everyday spending, combining cashback rewards, travel benefits, digital card management, and Shariah-compliant financing.

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“Our customers have trusted us with their savings, financing, and investments for many years. Introducing our first credit cards completes another important part of that relationship by supporting their everyday spending with meaningful rewards and the convenience of digital card management,” said Syahrul Ishak, Chief Executive Officer of alrajhi bank Malaysia. “To mark the launch, we’re also rewarding early adopters with a limited-time cashback campaign, giving customers even more value as they begin using our new credit cards.”

The new cards reward spending across categories commonly used by consumers, including groceries, dining, online purchases, utilities, and overseas transactions.

The Visa Platinum Credit Card-i rewards everyday spending with 5% cashback on dining, groceries, online transactions, and utility payments, capped at RM30 per month, alongside unlimited 0.2% cashback on all other eligible retail purchases. The card carries no annual fee for life for both principal and supplementary cardholders.

For frequent travelers, the Visa Signature Credit Card-i offers 10% cashback on overseas spending, capped at RM80 per month, together with unlimited 0.6% cashback on other eligible local currency spend. Cardholders also enjoy complimentary global Priority Pass airport lounge access and 24/7 Visa Concierge services for travel, dining, and lifestyle assistance. The annual fee for the Visa Signature Credit Card-i is waived in the first year and continues to be waived with at least one retail transaction per month for 12 consecutive months.

To celebrate the launch, alrajhi bank Malaysia is introducing a limited-time cashback campaign for new credit card customers. Eligible applicants who apply during the campaign period, meet the qualifying spending requirements, and fulfill the campaign terms will be among the first to receive RM100 cashback with the Visa Platinum Credit Card-i, or among the first eligible new cardholders to receive RM150 cashback with the Visa Signature Credit Card-i, in addition to the cards’ existing cashback benefits.

Both cards can be managed through the MY alrajhi app, allowing customers to conveniently monitor transactions and access card security features through their mobile devices.

The cards are available to Malaysians aged between 21 and 65 years old with a minimum annual income of RM24,000 for the Visa Platinum Credit Card-i, and RM60,000 for the Visa Signature Credit Card-i.

Customers can learn more about the cards, download the application forms, and obtain submission instructions at www.alrajhibank.com.my/personal/cards/credit-cards.

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