KUALA LUMPUR (Jan 22): RHB Banking Group has inked a long-term strategic collaboration with Shell Malaysia and Visa to launch the co-branded RHB Shell Visa Credit Card/-i.

In a joint statement, the bank said the card is designed to provide customers with convenience, flexibility and rewards for both their online and offline purchases on a single credit card.

RHB group managing director Datuk Khairussaleh Ramli said the new RHB Shell Visa Credit Card/-i caters to evolving needs of consumers, while at the same time simplifying customer experience by consolidating rewards for fuel and non-fuel spending under a single credit card.

“In addition to cashback on fuel, it also provides cardholders more returns on their online and physical purchases of everyday essentials.

“We expect to further accelerate our credit card acquisition through this long-term partnership with well-known market leaders Shell and Visa, with a target of 100,000 new applications within the next 12 months,” he said.

RHB said in terms of card benefits, cardholders will receive extra savings of up to RM100 per month with 5% cash rebates for online transactions, which include RM50 for petrol transactions, and RM50 for e-wallet top-ups, utility bill payments, groceries and other daily expenses.

Moreover, customers would benefit from cash rebates of up to 12% on petrol transactions at all Shell stations nationwide — one of the highest rates for petrol cashback credit cards in Malaysia.

Meanwhile, Shell Malaysia Trading Sdn Bhd and Shell Timur Sdn Bhd managing director Shairan Huzani Husain said with the low minimum monthly income requirement and cashback rewards for petrol refuelling, groceries, utilities, e-wallet top-ups and online purchases, the card provides credit flexibility for customers.

Visa country manager for Malaysia Ng Kong Boon said the RHB Shell Visa Credit Card/-i is also contactless payment-enabled for cardholders to easily tap and pay for their purchases conveniently and securely.

As part of the launch promotion, new RHB Shell Visa Credit Card/-i holders will receive up to 30% cashback on petrol purchases until July 2021, and are eligible for an annual fee waiver for the first year on top of receiving RM25 when they activate their cards with a minimum RM50 spend.

In addition, customers who swipe their cards at least 24 times a year will be eligible for annual fee waivers for the subsequent years, with no minimum spend required.