UBL Silver Credit Card Your Gateway to Financial Empowerment

Contents Overview

Benefits and Drawbacks

Distinctive Advantages

Eligibility Essentials

In-Depth Card Details

Essential Queries Answered

Benefits and Drawbacks

Benefits:

Zero-interest credit for up to 51 days.

Cash advance availability up to 70% of your credit limit.

Universal card acceptance offers seamless transactions globally.

Drawbacks:

The card's interest rates are competitive but come with substantial member perks.

Attention to payment deadlines is crucial to avoid late fees.

Distinctive Advantages

Secure exceptional discounts on dining and retail experiences.

Access the most competitive rates for cash advances and balance transfers.

Flexible repayment options allow you to settle other credit card balances in installments ranging from 3 to 36 months, at minimal interest rates.

Comprehensive insurance safeguards against travel disruptions and medical emergencies.

Leverage the convenience of paying off your balance in easy monthly installments.

Enhance your family’s security with a range of insurance options linked to your card.

Expand financial flexibility to your loved ones with up to 6 supplementary cards.

Eligibility Essentials

For Salaried Employees:

The bank has not specified a minimum salary threshold.

Age Requirement: 21 - 60 years.

Necessary Documents: National ID, latest salary certificates, banking statements, confirmation from your employer.

For Entrepreneurs and Self-Employed:

Income verification criteria remain unspecified by the bank.

Age Requirement: 21 - 65 years.

Necessary Documents: National ID, Tax Identification Number, evidence of business, banking statements.

In-Depth Card Details

Credit Capacity: Calculated up to 5-6 times the monthly salary.

Zero Interest Period: 51 days.

Balance Transfer Rate: 28%.

Annual Fee for Cash Advances: PKR 1,000 or 3%, whichever is greater.

Interest on Cash Advances: 41.99%.

Rewards Scheme: Earn free fuel for transactions exceeding Rs. 5,000 through UBL PSO Road Miles.

Penalty for Late Payment: PKR 1,600.

Fee on Foreign Transactions: 4.5%.

Intended Audience: Professionals, both salaried and self-employed.

Minimum Age: 21 years.

Additional Cardholders: Up to 6.

Network: VISA.

Essential Queries Answered

Q1: How do I maximize the benefit of the 51-day zero interest feature?

A1: Strategically time your purchases and repayments within the 51-day window to avoid interest, optimizing your financial leverage.

Q2: How can I effectively manage the risk of accruing debt with this credit card?

A2: Regularly monitor expenditures, utilize the interest-free advantage, and ensure timely repayments to maintain control over your financial health.

Q3: Are the benefits provided to the primary cardholder also available to supplementary cardholders?

A3: Yes, supplementary cardholders enjoy the same privileges, including access to discounts, rewards, and comprehensive insurance protections, making it a shared financial tool for the family.