Table of Contents
- Benefits and Considerations
- Exclusive Privileges
- Qualifying Conditions
- Comprehensive Overview
- Frequently Asked Questions (FAQs)
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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