HBL Gold Credit Card: A Gateway to Exclusive Benefits


Table of Contents

  • Benefits and Drawbacks
  • Prime Features
  • Qualification Criteria
  • Additional Insights
  • Frequently Asked Questions (FAQs)
  • Benefits and Drawbacks
HBL Gold Credit Card A Gateway to Exclusive Benefits


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.

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