HBL Fuel Saver Green Credit Card: Maximizing Savings on Fuel Expenditures

Table of Contents

• Advantages and Challenges
• Key Features
• Qualification Standards
• Comprehensive Details
• Frequently Asked Questions (FAQs)

Advantages and Challenges

Advantages:

• Enjoy a credit grace period of up to 51 days at no cost.
• Receive a 3% cashback monthly on fuel purchases.
• Provision of additional cards for family members enhances convenience.
• Flexible payment options allow for outstanding balances to be paid in easy monthly installments.
• Benefit from the ability to transfer balances from other credit cards to HBL cards.

Challenges:

• Unrestrained spending may lead to considerable debt accumulation.
• Late payment incurs fees, underscoring the importance of punctual bill settlement.

Key Features

• Attain up to Rs. 1,000 in cashback each month on fuel expenditures.
• Worldwide card acceptance ensures global usability.
• Access to SMS and e-statement services for a nominal fee.
• Opt for monthly installments and balance transfer facilities at competitive rates.
• The card is tailored to mitigate the financial impact of monthly fuel costs.

Qualification Standards

For Salaried Individuals:

• No specific salary requirement outlined by the bank.
• Age Criteria: 21 - 60 years.
• Required Documents: National ID, recent pay slips, bank statement, employer's letter.

For Self-Employed Individuals and Business Owners:

• Bank has not specified an income threshold.
• Age Criteria: 21 - 65 years.
• Required Documents: National ID, Tax Identification Number, business proof, bank statement.

Comprehensive Details

• Max Credit Limit: 149,999
• Interest-Free Duration: 51 Days
• Balance Transfer Interest Rate: 24%
• Annual Cash Advance Fee: PKR 900 or 3%, whichever is higher
• Cash Advance Interest Rate: 40%
• Rewards Scheme: Earn 3% cashback on fuel purchases
• Penalty for Late Payment: PKR 1,600
• Foreign Transaction Charge: 3%
• Target Audience: Employed individuals and business owners
• Minimum Age Requirement: 21 years
• Supplementary Cards: Up to 6
• Payment Network: MasterCard
• Lounge Privileges: CIP lounges

Frequently Asked Questions (FAQs)

Q1: How is the 3% fuel cashback calculated for HBL FuelSaver Green Credit Card holders?

A1: Cardholders earn a 3% cashback on all fuel transactions, with potential monthly savings capped at Rs. 1,000, directly contributing to reduced fuel expenditure.

Q2: Can the HBL Fuel Saver Green Credit Card be utilized internationally?

A2: Yes, the card is internationally accepted, allowing for convenient use at over 22 million locations worldwide, offering financial flexibility for travelers.

Q3: What are the benefits of the balance transfer feature on the HBL Fuel Saver Green Credit Card?

A3: The balance transfer feature permits cardholders to consolidate debts from other credit cards to their HBL card at lower interest rates, facilitating easier debt management and potentially leading to significant savings on interest payments.