Details
Silk Bank Classic Credit Card
| Interest Rate / APR | Chip Maintenance Fee (Rs) | Cash Advance Fee (Rs) | Annual Fee (Rs) |
|---|---|---|---|
|
41.99% |
— |
Rs.1,000 or 3% (whichever is higher) |
2,500 |
Pros
- Free credit facility upto 51 days
- Unlimited discounts and cashback rewards points
- Offers you installment plans at various products and home appliances
Cons
- High interest rate however offers top-end benefits
- Beware of late fees charges involved with this card
Features
- Enjoy worldwide accessibility to approx. 29 Million plus places
- Withdraw advance cash up to 50% of your credit limit
- Enjoy up to 50% discounts at your favorite outlets
- Provides you balance transfer facility on 0% markup rate for first 12 months
- Pay your outstanding amount on easy monthly installment instead of the complete amount
- Get 6 supplementary cards for your family
Eligibility
Salaried Person
- Salary requirement not stated by bank
- Age Limit: 21 - 60 years
- Documents required: CNIC, Salary slips, Bank statement, Letter from employer
Self-Employed / Businessmen
- Income requirement not stated by bank
- Age Limit: 21 - 65 years
- Documents required: CNIC, NTN, Proof of business, Bank statement
Other Details
- Maximum Credit Limit: Up to 5-6 times of salary
- Interest Free Period: 51 Days
- Balance Transfer Rate: 27%
- Cash Advance Fee Annual (PKR): Rs. 1,000 or 3% whichever is higher
- Cash Advance Rate (%): 41%
- Rewards Program: Reward Points
- Reward Points: 1 reward point for every PKR 50 spend
- Late Payment Fee (PKR): --
- Foreign Transaction Fee (PKR): 4%
Additional Offers: 0.5% cashback on International & Local spend
- Targeted For: Salaried Person and Businessmen
- Min. Income for Salaried (PKR): Salary requirement not stated by bank
- Min. Income for Businessman (PKR): Income requirement not stated by bank
- Best Suitable For: Cashback and discounts
- Minimum Age (Years): 21 Years
- No. of Supplementary Cards: 6
- Payment Network: Visa
- Loung Access: --