Details
MCB Platinum Credit Card
| Interest Rate / APR | Chip Maintenance Fee (Rs) | Cash Advance Fee (Rs) | Annual Fee (Rs) |
|---|---|---|---|
|
40% |
10,000 |
Rs. 750 or 3% whichever is higher |
0 |
Pros
- Free credit facility upto 51 days
- Unlimited discounts and cashback rewards points
- Up to 75% cash withdraw against your card limit
- Free CIP and VIP lounges access globally
- Redeem your rewards points by product available on i-shop catalogue
Cons
- High chip maintenance fee
- Beware of late fees charges involved with this card
- Excessive use of card may put you in a large debt
Features
- FREE CIP lounge access on international travel
- Enjoy worldwide accessibility to approx. 29 Million plus places
- Pay your outstanding amount on easy monthly installment instead of the complete amount
- Pay other credit card balance with MCB credit cards
- Provides you insurance cover against travel loss, Life, documents loss and fraudulent transactions through your card
- The card offers different Installment plans from 3 months to 36 months for repayment
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: --
- Interest Free Period: 0
- Balance Transfer Rate: 22%
- Cash Advance Fee Annual (PKR): 750 or 3% whichever is higher
- Cash Advance Rate (%): 40%
- Rewards Program: MCB i-Reward
- Reward Points: 1 reward point for every PKR 50 spend
- Late Payment Fee (PKR): 1500Rs
- Foreign Transaction Fee (PKR): 3%
- 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: High net worth individuals
- Minimum Age (Years): 21 Years
- No. of Supplementary Cards: --
- Payment Network: Visa
- Loung Access: VIP Lounges