MCB Platinum Credit Card: The Pinnacle of Luxury and Convenience


Table of Contents

  • Benefits and Considerations
  • Exclusive Privileges
  • Qualifying Conditions
  • Comprehensive Overview
  • Frequently Asked Questions (FAQs)
MCB Platinum Credit Card The Pinnacle of Luxury and Convenience


Benefits and Considerations

  • Benefits:
  • Avail of a zero-cost credit period extending up to 51 days.
  • Access limitless discounts and accumulate rewards points with each transaction.
  • Withdraw cash up to 75% of your credit limit.
  • Enjoy complimentary access to CIP and VIP lounges worldwide.
  • Redeem rewards points for a variety of products via the i-shop catalogue.

Considerations:

  • A significant chip maintenance fee is applicable.
  • Late payment fees highlight the need for timely financial management.
  • Prudent card usage is recommended to avoid potential debt accumulation.

Exclusive Privileges

  • Complimentary CIP lounge access enhances your international travel experience.
  • Global acceptance in over 29 million locations offers unparalleled convenience.
  • Opt for manageable monthly installments to pay your outstanding balance.
  • Transfer balances from other credit cards to your MCB card.
  • Comprehensive insurance coverage provides peace of mind against travel mishaps, life emergencies, document loss, and fraudulent transactions.
  • Flexible installment plans ranging from 3 to 36 months are available for repayment.

Qualifying Conditions

For Salaried Individuals:

  • The bank has not specified a minimum salary requirement.
  • Age Range: 21 - 60 years.
  • Required Documentation: National ID, recent salary slips, bank statements, and an employer's confirmation letter.

For Self-Employed Individuals and Business Owners:

  • No predetermined income criteria have been set by the bank.
  • Age Range: 21 - 65 years.
  • Required Documentation: National ID, Tax Identification Number, proof of business operations, and bank statements.

Comprehensive Overview

  • Credit Limit: Not specified.
  • Interest-Free Duration: Up to 51 Days.
  • Balance Transfer Interest Rate: 22%.
  • Annual Cash Advance Fee: PKR 750 or 3%, whichever is greater.
  • Cash Advance Interest Rate: 40%.
  • Rewards Program: MCB i-Reward, with 1 point awarded for every PKR 50 spent.
  • Late Payment Charge: PKR 1,500.
  • International Transaction Fee: 3%.
  • Intended Audience: Salaried individuals and business professionals.
  • Minimum Age: 21 years.
  • Supplementary Cards: Information not provided.
  • Payment Network: VISA.
  • Lounge Access: VIP lounges.

Frequently Asked Questions (FAQs)

Q1: How can I make the most of the 51-day interest-free credit on the MCB Platinum Credit Card?

A1: The 51-day interest-free credit automatically applies, allowing cardholders to defer payments on purchases without accruing interest during this period.

Q2: What steps can I take to minimize the risk of accruing substantial debt with the MCB Platinum Credit Card?

A2: To prevent debt accumulation, closely monitor your spending, adhere to a budget that includes timely repayments, and utilize the card's financial management features.

Q3: Can rewards points be redeemed for services or products outside the i-shop catalogue?

A3: Rewards points are primarily redeemable through the i-shop catalogue. For additional redemption options, please consult MCB's customer service for the latest updates and partnerships.

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