What is the Profit Rate for the Petronas Ikhwan Visa?
The profit rate is the same as the other credit cards, i.e. 1.46% a month or 17.5% per annum. Like any other credit card, the BNM Tier Rate Pricing applies to the Petronas Ikhwan Visa (See table): Conditions Payment Months/ Total 12 months PROFIT RATEPer Month Per AnnumFor prompt payment of 12/12 months1.13% 13.5%For prompt payment of 10/12 months1.33% 16%For prompt payment of less than 10/12 months 1.46% 17.5% Profit charge will be imposed on the outstanding retail transaction balance that is not paid after the payment due date. The charge will be calculated from the day the transactions were posted until full payment.
