Table of Contents
- Merits and Limitations
- Distinctive Attributes
- Prerequisites for Application
- Pertinent Details
- Frequently Asked Questions (FAQs)
Merits and Limitations
Merits:
- A grace period of 51 days for credit, free of charge.
- Spend Rs.14,000 within two months post-statement issuance to have the annual fee waived.
- Accumulate unlimited rewards on all purchases.
- Revel in up to 25% savings on both retail and gastronomic delights.
- Provision of up to six additional cards for relatives at no extra cost.
Limitations:
- Although beneficial, the card's high-interest rates warrant caution.
- Late payments will incur extra charges, necessitating punctuality in bill settlement.
- Distinctive Attributes
- Enticing discounts on retail and dining experiences.
- Global acceptance in over 22 million locations.
- Option to settle dues in manageable monthly installments rather than lump-sum payments.
- Avail of cash advances and balance transfers at minimal rates.
- Complimentary insurance safeguards against significant unfortunate events.
Prerequisites for Application
For Wage Earners:
- The bank has not specified a minimum salary requirement.
- Age requirement: 21 - 60 years.
- Necessary documentation: National ID card, recent pay stubs, bank records, employer's attestation.
For Entrepreneurs and Independent Contractors:
- No explicit income threshold provided by the bank.
- Age requirement: 21 - 65 years.
- Necessary documentation: National ID card, Tax Identification Number, business legitimacy proof, financial statements.
Pertinent Details
- Ceiling on Credit: 149,000
- Duration Without Interest: 51 Days
- Rate for Balance Transfers: 24%
- Annual Fee for Cash Advance: PKR 900 or 3%, whichever is higher
- Interest Rate on Cash Advances: 40%
- Loyalty Scheme: Earn 1 point for every PKR 25 spent
- Fee for Late Payment: PKR 1,600
- Charge on Foreign Transactions: 3%
- Designed For: Salaried individuals and entrepreneurs
- Minimum Age: 21 years
- Additional Cards: Up to 6
- Financial Network: VISA
- Lounge Access: Not applicable
Frequently Asked Questions (FAQs)
Q1: How does one qualify for the annual fee waiver on the HBL Green Credit Card?
A1: The waiver is applicable when a cardholder spends Rs.14,000 within the initial two months after the billing statement is generated.
Q2: Can the HBL Green Credit Card be used internationally?
A2: Yes, the card is globally recognized and can be utilized in approximately 22 million locations worldwide.
Q3: Are there any benefits to the rewards program associated with the HBL Green Credit Card?
A3: Absolutely, cardholders are rewarded with 1 point for every PKR 25 spent, which can be redeemed for a variety of discounts and rewards, enhancing the overall value and utility of the card.
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