For comparison purposes only. Final terms are determined by the issuing bank.
Review
A Travel Companion with No Annual Fee
The Bank Rakyat Platinum Explorer Card is designed for the savvy traveler who seeks value without the burden of an annual fee. Its standout feature is the 5% cashback on airline and hotel bookings, subject to an annual cap of RM1,000. While the cap is annual, it provides a significant one-time or accumulated benefit for major travel expenses.
Cardholders also benefit from accelerated points earning through the **Rakyat Rewards** program. You earn **5 points for every RM10 spent** at selected eco-friendly and social-friendly merchants, and **1 point for every RM10 spent** on all other eligible retail transactions. With a conversion rate of 10 points = RM0.10, the reward value is structured for steady accumulation.
For airport comfort, the card provides 3x complimentary access per year to **Plaza Premium Lounges** and **Flight Club** locations across major Malaysian airports, including KLIA T1/T2, Penang, Langkawi, and Kota Kinabalu. Additionally, the card offers no markup rate for overseas transactions, making it an excellent choice for spending abroad without hidden currency exchange fees.
Security and peace of mind are addressed through FREE Group Family Takaful Coverage and 'Khairat Kematian' (RM1,000), which includes guaranteed financing payment of outstanding balances. With no annual fee and moderate entry requirements, it is a highly accessible card for frequent domestic and regional travelers.
Verdict: An excellent entry-level travel card for those who want to maximize travel cashback and lounge perks without recurring costs. The lack of overseas markup fees and the annual travel cashback cap make it particularly strong for focused travel periods.
Pros
- 5% cashback on airlines and hotel bookings
- No annual fee for life
- 3x complimentary Plaza Premium Lounge access in Malaysia
- No currency exchange markup fee for overseas transactions
- Family Takaful coverage included
Cons
- Annual cashback cap of RM1,000 requires planning
- Points earning rate is relatively low for general spend
- Lounge access restricted to Malaysian locations
- Points valuation is modest
Cashback
Rewards rates, caps and eligibility are subject to bank-defined terms and conditions.
Information is compiled independently and may not always reflect the latest updates. Please refer to the relevant official website for final and up-to-date details.
Rewards Points
Rewards rates, caps and eligibility are subject to bank-defined terms and conditions.
Information is compiled independently and may not always reflect the latest updates. Please refer to the relevant official website for final and up-to-date details.
Points Redemption
10 points = RM0.10. Points earned at specific environmental/social merchants or all retail spend.
Airport Lounge Access
Program Name
Plaza Premium Lounge
Annual Visits
Eligible users
Access type
ComplimentaryRequirement
-
Applicable locations:
Lounge access is subject to bank-defined terms and may change over time.
For the full lounge list, please refer to the relevant official website.
Upcoming
Card benefits
3x Plaza Premium Lounge Access (Malaysia)
3x complimentary access a year to all Plaza Premium Lounge (Plaza Premium Lounge, Flight Club) in Malaysia.
No Overseas Markup Fee
No additional fees on currency exchange for overseas transactions.
Group Family Takaful Coverage
FREE Group Family Takaful Coverage and ‘Khairat Kematian’ (RM1,000).