Table of Contents
- Advantages and Disadvantages
- Cardinal Features
- Eligibility Criteria
- Supplementary Information
- Frequently Asked Questions (FAQs)
Advantages and Disadvantages
Advantages:
- Enjoy a gratuity period for credit up to 51 days without any charge.
- Expenditure exceeding Rs.100,000 within a duo of months post-statement generation leads to an annual fee amnesty.
- Complimentary access to global airport lounges via Visa Lounge Key.
- Unlimited concessions on accommodations and hospitality.
- Transactions abroad are rewarded, enhancing the allure of overseas expenditures.
Disadvantages:
- The lofty annual subscription fee poses a consideration.
- Tardiness in payments attracts penalties, a caveat for the unwary.
- Although the interest rate is elevated, it is counterbalanced by premium benefits.
Cardinal Features:
- Transaction notifications via SMS ensure vigilant monitoring.
- Worldwide customer support guarantees assistance anywhere.
- Discounts ranging from 10% to 25% across various domains such as groceries, retail outlets, beauty products, and dining establishments.
- The balance transfer privilege comes at a minimal rate, offering financial flexibility.
- Utility bills are effortlessly payable through this credit instrument.
Eligibility Criteria
For the Employed:
- Specific salary prerequisites remain undisclosed.
- Age Bracket: 21 - 60 years.
- Mandatory Documents: National ID, recent pay stubs, bank records, employment verification.
For Entrepreneurs and Self-Employed Individuals:
- Income benchmarks are not specified.
- Age Bracket: 21 - 65 years.
- Mandatory Documents: National ID, National Tax Number, business legitimacy proof, financial statements, business verification.
Supplementary Information
- Pinnacle Credit Allocation: 2,000,000
- Interest-Free Span: 51 days
- Balance Transfer Percentage: 24%
- Cash Advance Fee: PKR 900 or 3%, whichever is greater
- Cash Advance Interest Rate: 40%
- Rewards Programme: Earn 3 points for every PKR 25 spent
- Late Payment Penalty: PKR 1,600
- Foreign Transaction Charge: 3%
- Ideal For: Salaried individuals and entrepreneurs
- Minimum Age Requirement: 21 years
- Supplementary Cards: Up to 6
- Payment Network: VISA
- Lounge Access: Worldwide
Frequently Asked Questions (FAQs)
Q1: Can the annual fee be waived for the HBL Platinum Credit Card? A1: Yes, the annual fee is waived for expenditures exceeding Rs.100,000 within the first two months following the statement generation date.
Q2: What benefits does the Visa Lounge Key offer to cardholders? A2: The Visa Lounge Key grants cardholders complimentary access to a plethora of international airport lounges, enhancing travel comfort and luxury.
Q3: Are there any discounts available for HBL Platinum Credit Card users?
A3: Indeed, cardholders can avail themselves of discounts ranging from 10% to 25% on groceries, shopping, cosmetics, and dining, among other privileges.
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