Details
Faysal Bank Velocity Credit Card
| Interest Rate / APR | Chip Maintenance Fee (Rs) | Cash Advance Fee (Rs) | Annual Fee (Rs) |
|---|---|---|---|
|
40% |
850 |
Rs.1,000 or 3% (whichever is higher) |
4,000 |
Pros
- Free credit limit up to 51 days
- Get double reward points on international spending
- Cash advance facility
Cons
- Excessive use of card may put you in a large debt
Features
- Redeem your reward points over 300 retail partners
- You can also avail exclusive discounts on dining, shopping or travelling
- 0% Installment plan from 3 months to 18 months is available for various products
- Get double rewards points on your every utility bills payment
- Get 5 supplementary cards for your family
Eligibility
Salaried Person
- Minimum Salary Requirement: Rs 30,000
- Age Limit: 18 - 65 years
- Documents required: CNIC, Salary slips, Bank statement, Letter from employer
Self-Employed / Businessmen
- Minimum income: Rs 50,000
- Age Limit: 18 - 65 years
- Documents required: CNIC, NTN, Proof of business, Bank statement
Other Details
- Maximum Credit Limit: 200,000
- Interest Free Period: 51Days
- Balance Transfer Rate: 32.4%
- Cash Advance Fee Annual (PKR): 1,000 or 3% whichever is higher
- Cash Advance Rate (%): 39%
- Rewards Program: Reward Points
- Reward Points: 2 reward point International & 1 point Local on PKR 50
- Late Payment Fee (PKR): 1500Rs
- Foreign Transaction Fee (PKR): 3.5%
- Targeted For: Salaried Person and Businessmen
- Min. Income for Salaried (PKR): 30,000
- Min. Income for Businessman (PKR): 50,000
- Best Suitable For: Rewards point accumulation
- Minimum Age (Years): 21 Years
- No. of Supplementary Cards: 5
- Payment Network: MasterCard
- Loung Access: --