IBBL-VISA Khidmah Card: Your Path to Financial Freedom

The IBBL-VISA Khidmah Card, specifically the Priority Platinum variant, offers a unique and Shariah-compliant approach to meet your financial needs. This card is based on the “Ujrah Concept,” which relies on a fixed fee-based system, making it an excellent choice for those looking for a secure and globally accepted card. In this blog post, we’ll explore the key features, benefits, and eligibility criteria for the IBBL-VISA Khidmah Card.

Key Features of the Priority Platinum Card:

1. Generous Credit Limit: The IBBL-VISA Khidmah Priority Platinum Card offers a substantial credit limit of Tk. 500,000, allowing you the flexibility to manage your expenses efficiently.
2. Annual/Renewal Fee: For a nominal fee of Tk. 3,500, you can enjoy the privileges and benefits of the Priority Platinum Card throughout the year.
3. Monthly Maintenance Fee: If your outstanding balance exceeds Tk. 100, a monthly maintenance fee of Tk. 2,500 is applicable.
4. Late Payment Fee: In case you miss a payment, there’s a late payment fee of Tk. 750, ensuring that you stay on top of your financial responsibilities.
5. Excess Limit Usage Fee: If you choose to exceed your credit limit, a fee of Tk. 750 will be levied for such usage.
6. Card Replacement Fee: In the unfortunate event of card loss, a card replacement fee of Tk. 800 is applicable.
7. ATM/CRM Cash Withdrawal Fee: Access your cash easily with a fee of Tk. 170.00 per transaction when using an ATM or CRM.
8. SMS Charge: Stay informed about your card activities with an annual SMS charge of Tk. 200.00.
9. Duplicate Statement Fee: If you require a duplicate statement, it can be obtained for a fee of Tk. 500.
10. Fund Transfer Fees: Enjoy the convenience of fund transfers with a fee of 0.70% of the transaction amount to IBBL A/C, Cellfin, or VISA.
11. Transfer for Funding through eCom: For e-commerce transactions, a fee of 0.50% of the transaction amount applies.
12. PIN Replacement Fee: In case you need to replace your PIN, it can be done for a fee of Tk. 100.

IBBL-VISA Khidmah Card-Eligibility Criteria

To apply for the IBBL-VISA Khidmah Priority Platinum Card, you need to meet specific eligibility requirements:

• Salaried Persons: A minimum monthly gross salary of Tk. 100,000 and at least 3 months of service with the current organization.
• Self-employed Professionals: A minimum monthly gross income of Tk. 100,000 and a minimum of 1 year of practice.
• Business Persons and Others: A minimum monthly net income of Tk. 150,000, with a minimum of 1 year of an IBBL investment or account relationship, or 2 years for other bank account relationships.
• Deposit Clients: Maintain a term/scheme deposit balance of Tk. 300,000.

Credit Limit and Eligibility

The IBBL-VISA Khidmah Priority Platinum Card offers a maximum credit limit of Tk. 500,000. However, the actual limit you receive will depend on your individual circumstances:

• Salaried Individuals: Up to 3 times their gross salary.
• Self-employed Professionals: Up to 3 times their gross income.
• Business Individuals and Others: Up to 2 times their net income.
• Individuals secured by a deposit: Up to 100% of the security amount.

The bank officials will verify and determine your income. It’s worth noting that cardholders may be allowed to use up to Tk. 5,000 exceeding their sanctioned limit, with a monthly over-limit charge levied for such usage.

The age limit for card applicants is 21 to 65 years, while supplementary users must be at least 18 years old. Please note that individuals with more than two credit cards from other banks or financial institutions are not eligible to avail of the IBBL Khidmah Card.

In conclusion, the IBBL-VISA Khidmah Priority Platinum Card is not just a payment card; it’s a financial companion designed to meet your diverse needs. With its Shariah-compliant approach, generous credit limit, and numerous benefits, this card ensures that you’re in control of your finances. If you meet the eligibility criteria, consider applying for this card to experience the convenience and peace of mind it offers.

Frequently Asked Questions (FAQs)- IBBL-VISA Khidmah Card

Q1: What is the IBBL-VISA Khidmah Card?
A1: The IBBL-VISA Khidmah Card is a Shariah-compliant credit card that operates on the “Ujrah Concept,” a fixed fee-based system, designed to provide you with a secure and convenient payment solution.

Q2: What is the credit limit for the Priority Platinum card?
A2: The credit limit for the Priority Platinum card is Tk. 500,000.

Q3: How much is the annual/renewal fee for the Priority Platinum card?
A3: The annual/renewal fee for the Priority Platinum card is Tk. 3,500.

Q4: Are there any monthly maintenance fees for this card?
A4: Yes, there is a monthly maintenance fee of Tk. 2,500 if your outstanding balance exceeds Tk. 100.

Q5: What is the late payment fee for the card?
A5: The late payment fee is Tk. 750.

Q6: Is there an excess limit usage fee, and how much is it?
A6: Yes, there is an excess limit usage fee of Tk. 750.

Q7: How much does it cost to replace the card if it is lost?
A7: The card replacement fee is Tk. 800.

Q8: Is there an issuance fee for the IBBL-VISA Khidmah Card?
A8: No, the issuance fee for this card is free.

Q9: What is the fee for ATM/CRM cash withdrawals with this card?
A9: The fee for ATM/CRM cash withdrawals is Tk. 170.00 per transaction.

Q10: How much is the SMS charge for this card?
A10: The annual SMS charge is Tk. 200.00.

Q11: What is the fee for a duplicate statement request?
A11: The fee for a duplicate statement is Tk. 500.

Q12: Are there any charges for fund transfers with this card?
A12: Yes, there are charges for fund transfers. It is 0.70% of the transaction amount for transfers to IBBL A/C, Cellfin, or VISA.

Q13: What is the PIN replacement fee for the card?
A13: The PIN replacement fee is Tk. 100.

Q14: How is the credit limit determined for cardholders?
A14: The credit limit is determined based on your individual circumstances. It can be up to 3 times your gross salary (for salaried individuals), up to 3 times your gross income (for self-employed professionals), up to 2 times your net income (for business individuals and others), or up to 100% of the security amount (for individuals secured by a deposit).

Q15: What are the eligibility criteria for obtaining the IBBL-VISA Khidmah Card?
A15: Eligibility criteria vary based on your individual type:

• Salaried Persons: Minimum monthly gross salary of Tk. 100,000 and 3 months of service with the current organization.
• Self-employed Professionals: Minimum monthly gross income of Tk. 100,000 and a minimum of 1 year of practice.
• Business Persons and Others: Minimum monthly net income of Tk. 150,000, with a minimum of 1 year of an IBBL investment or account relationship, or 2 years for other bank account relationships.
• Deposit Clients: Maintain a term/scheme deposit balance of Tk. 300,000.

Q16: Is there an age limit for card applicants?
A16: Yes, the age limit for card applicants is 21 to 65 years, while supplementary users must be at least 18 years old.

Q17: Can individuals with multiple credit cards from other banks apply for the IBBL Khidmah Card?
A17: No, individuals with more than 2 credit cards from other banks or financial institutions are not eligible to avail of the IBBL Khidmah Card.