Table of Contents
- Benefits and Drawbacks
- Prime Features
- Qualification Criteria
- Additional Insights
- Frequently Asked Questions (FAQs)
- Benefits and Drawbacks
Benefits:
- Avail a complimentary credit tenure up to 51 days.
- Annual dues are waived for expenses over Rs.50,000 within two months following the statement issue date.
- Exclusive CIP lounge access is granted at no extra cost.
- Earn limitless rewards for your expenditures.
- Provision of supplementary cards for family members enhances convenience.
Drawbacks:
- Late payment incurs additional charges, urging timely settlement.
- Prudent use is advised to avoid substantial indebtedness.
- Prime Features
- The "Shop Now, Pay Later" option is available through manageable monthly installments.
- Transaction alerts via SMS keep you informed for a nominal fee.
- Worldwide acceptance ensures global usability.
- Transfer balances from other credit cards at competitive rates.
- Complimentary insurance offers protection against significant adversities.
Qualification Criteria
For the Employed:
- Precise salary requisites are unspecified.
- Age Range: 21 - 60 years.
- Required Documentation: National ID, recent salary statements, bank documentation, and employment confirmation.
For Entrepreneurs and Self-Employed:
- Financial benchmarks are not delineated.
- Age Range: 21 - 65 years.
- Required Documentation: National ID, Tax Number, business validity proof, financial records, and business authentication.
Additional Insights
- Ultimate Credit Allocation: 400,000
- Grace Period: 51 Days
- Balance Conversion Rate: 24%
- Annual Cash Advance Fee: PKR 900 or 3%, whichever is greater
- Cash Advance Interest: 40%
- Loyalty Program: Earn 1 point per PKR 25 spent
- Delayed Payment Charge: PKR 1,600
- Overseas Transaction Fee: 3%
- Intended Audience: Salaried employees and business professionals
- Minimum Age Requirement: 21 years
- Supplementary Cards Offered: Up to 6
- Transactional Network: VISA
- Lounge Privileges: CIP lounges
Frequently Asked Questions (FAQs)
Q1: How can the annual fee for the HBL Gold Credit Card be waived?
A1: The annual fee is exempted for those who spend over Rs.50,000 within the initial two months after their statement is generated.
Q2: What unique advantages does CIP lounge access provide to cardholders?
A2: CIP lounge access affords cardholders a serene retreat from the bustling airport environment, offering exclusive amenities and comfort.
Q3: Are there specific rewards associated with the use of the HBL Gold Credit Card?
A3: Yes, card users accrue 1 reward point for every PKR 25 spent, unlocking a spectrum of benefits and discounts tailored to enhance their spending experience.
0 Comments