MCB Gold Credit Card: Elevating Your Spending Experience

Table of Contents

• Advantages and Cautions
• Premium Benefits
• Application Prerequisites
• Key Specifications
• Frequently Asked Questions (FAQs)

Advantages and Cautions

Advantages:

• Enjoy a no-cost credit period of up to 51 days.
• Benefit from endless discounts and accumulate rewards points on every purchase.
• Withdraw cash up to 75% of your credit limit.
• Complimentary CIP lounge access for a refined travel experience.
• Redeem your rewards points for a variety of products via the i-shop catalogue.

Cautions:

• Late payment fees emphasize the importance of timely financial management.
• Exercise caution to avoid the risks associated with credit card fraud.

Premium Benefits

• Utilize the i-Bill facility to pay utility bills directly with your card.
• Avail yourself of exceptional discounts for online shopping.
• Convert other credit card debts into manageable monthly installments at the most favorable rates, ranging from 3 to 36 months.
• Comprehensive insurance coverage protects against travel mishaps, life emergencies, document loss, and fraudulent transactions.
• Opt for easy monthly installments to manage your outstanding balance more efficiently.

Application Prerequisites

For Salaried Employees:

• The bank has not specified a minimum salary requirement.
• Age Requirement: 21 - 60 years.
• Necessary Documents: National ID, recent salary slips, bank statement, confirmation letter from your employer.

For Self-Employed Individuals and Business Owners:

• No explicit income threshold outlined by the bank.
• Age Requirement: 21 - 65 years.
• Necessary Documents: National ID, Tax Identification Number, proof of business ownership, bank statement.

Key Specifications

• Credit Limit: Not specified.
• Markup-Free Period: 51 Days.
• Balance Transfer Interest Rate: 22%.
• Annual Fee for Cash Advances: PKR 750 or 3%, whichever is higher.
• Cash Advance Interest Rate: 40%.
• Rewards Scheme: MCB i-Reward, offering 1 point for every PKR 50 spent.
• Late Payment Charge: PKR 1,500.
• International Transaction Fee: 3%.
• Intended Audience: Employed and self-employed professionals.
• Minimum Age: 21 years.
• Supplementary Cards: Information not provided.
• Payment Network: VISA.
• Lounge Access: CIP lounges.

Frequently Asked Questions (FAQs)

Q1: How does the 51-day interest-free credit work on the MCB Gold Credit Card?

A1: The 51-day interest-free credit is automatically applied, allowing cardholders to make purchases and delay payment without accruing interest for up to 51 days.

Q2: What measures can I take to prevent credit card fraud?

A2: To prevent fraud, consistently monitor your account for unauthorized transactions, safeguard your card information, and promptly report any suspicious activity to MCB.

Q3: Can rewards points be used for purposes other than redeeming products from the i-shop catalogue?

A3: Primarily, rewards points are intended for redemption through the i-shop catalogue. For additional redemption options or partnerships, please contact MCB's customer service for the most current information.