LankaBangla Shikha Credit Cards
It seems you’re providing information about Shikha credit cards offered by LankaBangla, specifically focusing on Titanium, Gold, and Classic variants. Here’s a breakdown:
Shikha Credit Cards type:
- Types: Titanium, Gold, Classic
- Issuer: LankaBangla
- Network: Mastercard
- Currency: BDT (Bangladeshi Taka)
- Validity: Valid in Bangladesh
LankaBangla Credit Cards Limit:
- Titanium: BDT 150,000 to BDT 1,000,000
- Gold: BDT 60,000 to BDT 149,999
- Classic: BDT 10,000 to BDT 59,999
Basic Features of Credit Card:
- Maximum limit: 10 lac
- Unsecured & revolving credit line
- Safer than carrying cash
- Monthly billing for purchases & cash withdrawals
- Partial payment options
- Full payment option to avoid interest
- Minimum payment: 5% or BDT 500, whichever is higher
- Interest-free period: Minimum 15 days, maximum 45 days
- Cash withdrawal facility: Up to 50% of credit limit, no interest-free period
- Interest calculated daily, applied monthly on billing date
Required Documents to Apply:
- Bank statement authorization letter/Verification letter
- Trade license (for self-employed, proof of two years in business)
- CIB undertaking form
- Recent passport size photographs (2 copies)
- Business card, employee ID card
- Salary certificate/pay slip
- Copy of E-TIN, NID/passport
Special Features:
- Online application
- Payment solutions
- BEFTN (Bangladesh Electronic Funds Transfer Network) for Mastercard members
- Airport lounge facility (selected lounges)
These cards offer various benefits and features catering to different financial needs and preferences of customers in Bangladesh.
Fees and Charges:
- Types of Cards: Classic Mastercard, Gold Mastercard, Mastercard Titanium
- Membership Fee: Free for the first year
- Renewal Fee: Ranges from BDT 800 to BDT 1,000 + VAT, depending on the card type
- Renewal Fee Waiver by Transactions: 15 to 18 transactions required for waiver
- Supplementary Card (Only Woman): Free
- Card Replacement Fee: BDT 500 + VAT
- PIN Regeneration Fee: BDT 100 + VAT
- Required Minimum Payment: 5% of total outstanding or BDT 500, whichever is higher
- Payment Due Date: As per statement
- Interest Free Period: Maximum 45 days, minimum 15 days
- Interest Rate: Ranges from 1.66% to 1.666% per month
- Cash Advance Limit: 50% of the card limit
- Cash Advance Charge: 2.5% or BDT 250, whichever is higher
- Cash Advance Interest: Ranges from 1.66% to 1.666% per month
- Fund Transfer Processing Fee for Adding Money to bKash/Any Mobile Wallet: 1.5% of total withdrawal amount
- Moneysend Enrollment Fee: BDT 30 + VAT, 15% of transaction amount
- Card Cheque Book Issuance Fee: BDT 200 for 1st book and onward
- Card Cheque Transaction Processing Fee: 2% or BDT 250, whichever is higher
- BEFTN Transaction Processing Fee (Only for Mastercard): 1.5% or BDT 200, whichever is higher
- Late Payment Fee: Ranges from BDT 300 to BDT 500 + VAT
- Over Limit Fee: Ranges from BDT 500 to BDT 1000 + VAT
- Cheque Return Fee: Free
- Outstation Cheque Collection Fee: Free
- Statement Retrieval Fee: BDT 100 per statement
- e-Statement: Free
- CIB Charge: BDT 100 + VAT
- SMS Charge: BDT 100 + VAT
- CreditShield Coverage (Insurance Premium) Charge: 0.35% of outstanding
- Accidental Death Benefit under CreditShield Coverage: Ranges from BDT 100,000 to BDT 500,000
- Limit Enhancement Fee: BDT 200 + VAT
- Standing Instruction Service: Free
- Sales Slip Retrieval Fee: BDT 100 per slip
- Legal Charge: At actual cost
- Reward Point: 1 point for every BDT 50 on POS and e-Commerce transactions only
- Cash Back against Reward Point: Available for all Shikha Cardmembers
FAQs on Shikha credit cards
Q: What are Shikha credit cards?
A: Shikha credit cards are a range of credit cards offered by LankaBangla, available in Titanium, Gold, and Classic variants.
Q: What is the currency of Shikha credit cards?
A: The currency of Shikha credit cards is Bangladeshi Taka (BDT).
Q: Where are Shikha credit cards valid?
A: Shikha credit cards are valid in Bangladesh.
Q: What are the credit limits for Shikha Titanium, Gold, and Classic cards?
A:
- Titanium: BDT 150,000 to BDT 1,000,000
- Gold: BDT 60,000 to BDT 149,999
- Classic: BDT 10,000 to BDT 59,999
Q: What are some basic features of Shikha credit cards?
A:
- They offer a maximum limit of 10 lac.
- They provide an unsecured and revolving credit line.
- Monthly billing is available for purchases and cash withdrawals.
- Partial payment options are offered.
- Cardholders can pay outstanding amounts in full to avoid interest payments.
Q: What is the minimum required payment per month for Shikha credit cards?
A: The minimum required payment per month is 5% of the outstanding balance or BDT 500, whichever is higher.
Q: Is there an interest-free period for Shikha credit cards?
A: Yes, there is an interest-free period of a minimum of 15 days and a maximum of 45 days.
Q: What is the cash withdrawal facility for Shikha credit cards?
A: Cardholders can withdraw up to 50% of their credit limit as cash. However, there is no interest-free period on cash advances.
Q: How is interest calculated on Shikha credit cards?
A: Interest is calculated daily and applied monthly on the billing date.
Q: What documents are required to apply for LankaBangla Shikha credit cards?
A: Required documents include bank statement authorization letter, trade license (for self-employed individuals), CIB undertaking form, recent passport size photographs, business card/employee ID card, salary certificate/pay slip, and copies of E-TIN, NID/passport.
Q: What are some special features of Shikha credit cards?
A:
- Online application facility
- Various payment solutions
- Availability of BEFTN for Mastercard members
- Free access to selected airport lounges.