BRAC Bank Credit Card
A BRAC Bank Credit Card is a plastic or metal thin rectangular card of a fixed size issued by a bank or financial services company that allows cardholders to borrow money. The cardholder accepts the card to pay merchants to pay for goods and services with funds borrowed from the card. Credit cards require cardholders to repay the amount borrowed on time, plus applicable interest, as well as any additional agreed-upon charges, and in full by the billing date or over time.
In the digital world, everyone enjoys shopping digitally but people like hassle-free payments! Today’s commerce has evolved into e-commerce where you can use virtual money.
All in all, credit cards are becoming indispensable in our lives as they can play a very useful role in times of emergency.
BRAC Bank Credit Cards
BRAC Bank generally has two types of credit cards namely local and dual currency cards. Payment through local credit cards is only within Bangladesh and with dual currency credit cards customers can pay for any product or service in Bangladesh and abroad but the amount of money is limited by Bangladesh Bank.
What is Credit Card?
A credit Card is a convenient and secure premium card to enjoy access to rewards, valuable benefits, and exclusive experiences.
BRAC Bank Credit Cards List
| Card Title | Credit Card Features |
| Infinite Card | · 5,000 bonus points upon activation · 5% up to BDT 2,000 cashback the within first 3 months of issuance against minimum retail spending of BDT 200,000 · Up to BDT 5,000 cashback against minimum retail transactions of BDT 300,000 p.a. · Critical illness insurance coverage of BDT 150,000. |
| Signature Card | · Buy 1 Get 1 Free Buffet at the Finest Restaurants round the year · Yearly a total of 7 complimentary visits including companion to over 1,100 International Lounges with LoungeKey · Double insurance benefit under the credit shield program: · Outstanding waiver and Nominee receives the same amount as outstanding 0% interest installment purchase program at more than 200 merchants. |
| Millennial Mastercard Titanium | · Welcome Vouchers from prominent Dine in, Clothing & Lifestyle Merchants · 15% cash-back on Online food delivery · BDT 60,000 yearly spending to waive the annual fee from 3rd Year onwards · 0% interest (Minimum transaction size BDT 15,000). A processing Fee of 1% on the transaction amount is applicable · Yearly 2 complimentary visits including companion to over 1,100 International Lounges with LoungeKey. |
| Platinum Card | · Buy 1 Get 1 Free Buffet at the Finest Restaurants round the year · Complimentary access to Balaka Lounge at Hazrat Shah Jalal International Airport · Access to over 1,100 International Lounges with LoungeKey with $27 per visit per person · 0% interest installment purchase program Double insurance benefit under the credit shield program. |
| Gold Card | · Buy 1 Get 1 Free Buffet at the Finest Restaurants round the year · Exclusive year-long discounts at the top restaurants · 0% interest installment purchase program at more than 200 merchants · 1 Reward Point for every BDT 80 spent Discount at the leading lifestyle stores. |
| Classic Card | · 1 Reward Point for every BDT 80 spent · First supplementary card completely free · 0% interest installment purchase program at more than 200 merchants · Double insurance benefit under the credit shield program. |
BRAC Bank Credit Cards Required Documents
Mandatory Required Documents for Individual Secured Credit Cards
- Copy of the National ID card
- E-TIN certificate of applicants
- Top sheet, General Instruction/FD advice
- Letter of lien and set-off over the deposit account
- Fund holds instruction
- FDR receipt/hold value
- Memorandum of deposits of securities
- Authorization for encashment of securities
- Letter of Guarantee (joint/Several)
- Undated form
Mandatory Required Documents for Individual Unsecured Credit Cards
- Signed and completed Application Form
- National ID copy/ Declaration if NID is not available
- E-TIN Certificate copy
- Passport size photograph of applicant duly signed by the applicant and attested by the source
- Nominee’s photograph and signature duly attested by the applicant
- If the applicant’s signature does not match the provided photo IDs, then a declaration is required
- Completed CIB form and Letter of Undertaking
- Bank statement as applicable from the Bank
- Valid Passport (if available)
- Visiting Card/Office ID copy
Requirement for fully Account Paid Salaried
- Latest Salary Certificate/Pay Slip with Date of Joining & Job Status and to be signed off by an authorized person (Line manager/HR/Accounts/Finance) with name seal containing designation and department.
- Bank Statement of last 3 months which must reflect 3 months’ salary and Bank statement should not be more than 1 month old. For freshers, a bank statement of 6 months is required.
Requirement for Partially Account Paid Salaried
- Latest Salary Certificate/Pay Slip with Date of Joining & Job Status and to be signed off by an authorized person (Line manager/HR/Accounts/Finance) with name seal containing designation and department.
- Cash vouchers for the last 6 months are required if the cash portion is not mentioned in the LOI/Pay Slip and bank statement of the last 6 months (For partial account payee only)
Requirement for Self Employed
Proprietorship
- Bank Statement for the last 12 months
- Trade License copy (Up to date for 3 years)
Partnership
- Bank Statement of the last 12 months (both personal and company)
- Trade License copy (Up to date for 3 years)
- Partnership Deed on Government revenue stamp
Limited Company
- Bank Statement of the last 12 months (both personal and company)
- Copy of Memorandum of Association
- Copy of Certificate of Incorporation
- Copy of Latest Schedule X and XII for Private Limited Company
- Latest Trade License copy
Landlord
- Bank Statement of the last 12 months (personal)
- Rental Receipt or Copy of Rental agreement(s) with tenants
- Rental agreement is mandatory for institutional tenant
- Copy of Title Deed
- Lease deed with AC Land Mutation/Lease Mutation
- Updated Holding Tax
- Partition deed for single build with multiple owners
Doctors/Lawyers
- Bank Statement of the last 12 months (personal and only for a lawyer)
- BMDC copy for Doctors
- Certificate for permission of Practice from the appropriate authority for Lawyers, Engineers, and Consultants as deemed applicable.
Fee and Charge for Credit Cards
| Features | Infinite | Signature | Platinum | Gold | Classic | Millennial Titanium | TARA World | TARA Platinum | Corporate Platinum | RFCD Signature | ERQ Platinum |
| Annual Fee-Primary Card | TK. 15,000 | TK. 10,000 | TK. 5,000 | TK. 3,000 | TK. 1,500 | TK. 3,000 | TK. 5,000 | TK. 2,500 | TK. 2,500 | US$ 100 | US$ 60 |
| No. of Free Supplementary Card(s) | – | 2 | 1 | 1 | 1 | 1 | 2 | 1 | N/A | 1 | N/A |
| Annual Fee-Supplementary Card | Free | TK. 5,000 from 3rd and onwards | TK. 2,500 from 2nd onwards | TK. 1,500 from 2nd onwards | TK. 750 from 2nd onwards | 1,500 from 2nd onwards | 2,500 from 3rd onwards | TK. 1,250 from 2nd onwards | – | US$ 50 from 2nd onwards | – |
| Annual Interest Rate | 20% | 20% | 20% | 20% | 20% | 20% | 20% | 20% | 20% | 20% | 20% |
| CIB Fee | TK. 100 | TK. 100 | TK. 100 | TK. 100 | TK. 100 | TK. 100 | TK. 100 | TK. 100 | TK. 100 | US$ 2 | US$ 2 |
| Transaction Alert Service | Free | TK. 200 (per card) | TK. 200 (per card) | TK. 200 (per card) | TK. 200 (per card) | TK. 200 (per card) | TK. 200 (per card) | TK. 200 (per card) | TK. 200 (per card) | US$ 2 (per card) | US$ 2 (per card) |
| Late Payment Charges (if minimum due is not paid within due date) | TK. 1,000 | TK. 1,000 | TK. 600 | TK. 600 | TK. 500 | TK. 600 | TK. 1,000 | TK. 600 | TK. 600 | US$ 15 | US$ 15 |
| Over Limit Charges | TK. 1,000 | TK. 1,000 | TK. 1,000 | TK. 1,000 | TK. 750 | TK. 1,000 | TK. 1,000 | TK. 1,000 | TK. 1,000 | US$ 15 | US$ 15 |
| Card Replacement Fee | Free | TK. 800 | TK. 700 | TK. 500 | TK. 500 | TK. 700 | TK. 800 | TK. 700 | TK. 700 | US$ 10 | US$ 10 |
| Cash Advance Fee (off-us)23 | 3% or TK. 200 whichever is higher | 3% or TK. 200 whichever is higher | 3% or TK. 200 whichever is higher | 3% or TK. 200 whichever is higher | 3% or TK. 200 whichever is higher | 3% or TK. 200 whichever is higher | 3% or TK. 200 whichever is higher | 3% or TK. 200 whichever is higher | 3% or TK. 200 whichever is higher | 3% or US$ 5 whichever is higher | 3% or US$ 5 whichever is higher |
| Card Cheque Processing Fee | 3% of transaction amount or Tk. 200 whichever is higher | 3% of transaction amount or Tk. 200 whichever is higher | 3% of transaction amount or Tk. 200 whichever is higher | 3% of transaction amount or Tk. 200 whichever is higher | 3% of transaction amount or Tk. 200 whichever is higher | 3% of transaction amount or Tk. 200 whichever is higher | 3% of transaction amount or Tk. 200 whichever is higher | 3% of transaction amount or Tk. 200 whichever is higher | 3% of transaction amount or Tk. 200 whichever is higher | – | – |
| 2nd Card Cheque Book and onwards (10 leaves) | Free | TK. 200 | TK. 200 | TK. 200 | TK. 200 | TK. 200 | TK. 200 | TK. 200 | TK. 200 | – | – |
| Balance Transfer Processing Fee | 3% or TK. 200 whichever is higher | 2% or TK. 150 whichever is higher | 2% or TK. 150 whichever is higher | 2% or TK. 150 whichever is higher | 2% or TK. 150 whichever is higher | 2% or TK. 150 whichever is higher | 2% or TK. 150 whichever is higher | 2% or TK. 150 whichever is higher | 2% or TK. 150 whichever is higher | 2% or US$ 2 whichever is higher | 2% or US$ 2 whichever is higher |
| Plastic Renewal Fee | Free | TK. 500 | TK. 500 | TK. 500 | TK. 500 | TK. 500 | TK. 500 | TK. 500 | TK. 500 | US$ 5 | US$ 5 |
| Higher Credit Limit Maintenance Fee19 | – | TK. 1,000 | TK. 1,000 | TK. 1,000 | TK. 1,000 | – | – | TK. 1,000 | TK. 1,000 | US$12 | US$12 |
| Limit Enhancement Fee | – | TK. 200 | TK. 200 | TK. 200 | TK. 200 | TK. 200 | TK. 200 | TK. 200 | TK. 200 | US$ 2 | US$ 2 |
| Wallet Transfer through ASTHA (Mobile App & Web Version) | 1% + 15% VAT | 1% + 15% VAT | 1% + 15% VAT | 1% + 15% VAT | 1% + 15% VAT | 1% + 15% VAT | 1% + 15% VAT | 1% + 15% VAT | 1%+ 15% VAT | 1% + 15% VAT | 1% + 15% VAT |
| Wallet Transfer through Add Money (MFS & PSP) | 1% + 15% VAT | 1% + 15% VAT | 1% + 15% VAT | 1% + 15% VAT | 1% + 15% VAT | 1% + 15% VAT | 1% + 15% VAT | 1% + 15% VAT | 1%+ 15% VAT | 1% + 15% VAT | 1% + 15% VAT |
| Return Cheque Charges (For payment) | Free | TK. 500 | TK. 500 | TK. 500 | TK. 500 | TK. 500 | TK. 500 | TK. 500 | TK. 500 | US$ 5 | US$ 5 |
| Early Settlement Fee (Applicable for P@yFlex) | 2% of remaining balance | 2% of remaining balance | 2% of remaining balance | 2% of remaining balance | 2% of remaining balance | 2% of remaining balance | 2% of remaining balance | 2% of remaining balance | 2% of remaining balance | 2% of remaining balance | 2% of remaining balance |
| Printed Statement (Only for e-statement subscribers) | Free | TK. 50 for each statement | TK. 50 for each statement | TK. 50 for each statement | TK. 50 for each statement | TK. 50 for each statement | TK. 50 for each statement | TK. 50 for each statement | TK. 50 for each statement | US$ 2 | US$ 2 |
| Duplicate Statement | Free | TK. 100 per month (last 2 months) | TK. 100 per month (last 2 months) | TK. 100 per month (last 2 months) | TK. 100 per month (last 2 months) | TK. 100 per month (last 2 months) | TK. 100 per month (last 2 months) | TK. 100 per month (last 2 months) | TK. 100 per month (last 2 months) | US$ 2 | US$ 2 |
| Free | TK. 200 per month (beyond last 2 months) | TK. 200 per month (beyond last 2 months) | TK. 200 per month (beyond last 2 months) | TK. 200 per month (beyond last 2 months) | TK. 200 per month (beyond last 2 months) | TK. 200 per month (beyond last 2 months) | TK. 200 per month (beyond last 2 months) | TK. 200 per month (beyond last 2 months) | US$ 2 | US$ 2 | |
| Certificate Issuance Fee | Free | TK. 300 | TK. 300 | TK. 300 | TK. 300 | TK. 300 | TK. 300 | TK. 300 | TK. 300 | US$ 3 | US$ 3 |
| Copy of Sales Voucher | Free | TK. 300 | TK. 300 | TK. 300 | TK. 300 | TK. 300 | TK. 300 | TK. 300 | TK. 300 | US$ 10 | US$ 10 |
| Secured Card Pre-closure Fee (If card closed before 1st-anniversary date) | Free | TK. 500 | TK. 500 | TK. 500 | TK. 500 | TK. 500 | TK. 500 | TK. 500 | TK. 500 | US$ 5 | US$ 5 |
| International lounge Visit Fee | US$ 27 (per visit per cardholder) | US$ 27 (per visit per cardholder) | US$ 27 (per visit per cardholder) | – | – | US$ 27 (per visit per cardholder) | US$ 27 (per visit per cardholder) | US$ 27 (per visit per cardholder) | US$ 27 (per visit per cardholder) | US$ 27 (per visit per cardholder) | US$ 27 (per visit per cardholder) |
| Complimentary no. of visits at International Lounge4 | 10 | 7 | N/A | – | – | 2 | 7 | N/A | N/A | 7 | N/A |
| Complimentary no. of visits at Balaka Lounge3 | Unlimited visits for cardholder plus any 3 companions per visit | Unlimited visits cardholders plus any 3 companions per visit | Unlimited visits for cardholder only | N/A | N/A | Unlimited visits for cardholder only | Unlimited visits for cardholder plus any 3 companions per visit | Unlimited visits for cardholders only | Unlimited visits cardholders only | Unlimited visits for cardholder plus any 3 companions per visit | Unlimited visits to cardholders only |
| 1st Card Cheque Book Fee (10 leaves) | Free | Free | Free | Free | Free | Free | Free | Free | Free | – | – |
| e-statement | Free | Free | Free | Free | Free | Free | Free | Free | Free | Free | Free |
| Push-Pull SMS Service | Free | Free | Free | Free | Free | Free | Free | Free | Free | Free | Free |