UBL Gold Credit Card A Comprehensive Overview

 

Table of Contents

• Advantages and Disadvantages
• Key Attributes
• Eligibility Criteria
• Frequently Asked Questions (FAQs)

1. Advantages and Disadvantages

Advantages:

• Complimentary credit span extending to 51 days.
• Access to a cash provision facility, allowing for withdrawals up to 70% of your credit ceiling.
• Worldwide accessibility, ensuring the card’s utility across the globe.

Disadvantages:

• Elevated annual subscription cost.
• Substantial interest rates, albeit with valuable associated perks.
• Vigilance advised regarding penalties for delayed payments.

2. Key Attributes

• Exclusive entry to CIP lounges within Pakistan, gratis.
• Enticing rebates on both retail and culinary experiences.
• Access to cash advances and balance transfers at minimal rates.
• Option to settle dues from other credit cards in monthly installments over 3 to 36 months, at the most favorable markup rates.
• Travel inconvenience and medical emergency insurance coverage.
• Option to convert outstanding amounts into manageable monthly installments.
• Access to a variety of insurance schemes to safeguard your family’s future.
• Provision of up to six supplementary cards for family members.

3. Eligibility Criteria

Salaried Individuals:

• Undisclosed salary prerequisite.
• Age criteria: 21 - 60 years.
• Necessary documentation: National ID, salary proofs, banking records, employer certification.

Self-Employed/Entrepreneurs:

• No specified income threshold.
• Age criteria: 21 - 65 years.
• Necessary documentation: National ID, National Tax Number, business verification, banking records.

Other Pertinent Details

• Maximum Credit Limit: Up to 5-6 times of monthly earnings.
• Interest-Free Duration: 51 days.
• Balance Transfer Percentage: 28%.
• Annual Cash Advance Charge: PKR 1000 or 3%, whichever is greater.
• Cash Advance Interest Rate: 41.99%.
• Rewards Scheme: UBL PSO Road Miles, with free fuel on expenditures surpassing Rs. 5000 at PSO outlets.
• Late Payment Charge: PKR 1600.
• Overseas Transaction Fee: 4.5%.

4. Frequently Asked Questions (FAQs)

Q1: What are the primary benefits of the UBL Gold Credit Card?

A1: The card offers a blend of advantages including a gratuitous credit period, global acceptance, discounted rates on shopping and dining, and comprehensive insurance coverage.

Q2: Are there any specific eligibility requirements for the UBL Gold Credit Card?

A2: Eligibility varies between salaried individuals and entrepreneurs, with age and documentation being the primary criteria. Specific income requirements are not disclosed by the bank.

Q3: How does the rewards program work?

A3: The UBL PSO Road Miles program rewards cardholders with free fuel for transactions amounting to Rs. 5000 or more at PSO outlets, enhancing the card’s value proposition.