A credit card is a card issued by a bank or financial company that enables the cardholder to borrow. A credit card can be used as payment for any goods and services. Issuing a credit card requires the cardholder to repay the principal, the amount borrowed and any additional agreed charges with interest.
How credit card interest works?
The credit card issuer gives a fixed amount of time to the customer to repay the entire amount borrowed and if one fails the date will charge back the charges along with interest. The period before the card charges interest is called the “grace period,” which is usually about 21 days. If a cardholder does not pay his/her balance in full before the end of the grace period, a fee or finance charge will be added to the same balance. This finance charge depends on the customer’s interest rate and outstanding balance.
Platinum Cards features from 7 banks
| Bank Name | Card Title | Maximum Limit | Interest Free Period | Renewal Fee | Free Supplementary Card | Online/ Internet Banking | 0% EMI Purchase |
| BRAC Bank | MasterCard/ VISA Platinum | BDT 5,00,000 | 45 days | BDT 5,000 | Yes | Yes | Up to 24 months |
| Eastern Bank | VISA Platinum | BDT 10,00,000 | 45 days | BDT 5,750 | Yes | Yes | UP to 36 months |
| NCC Bank | VISA Platinum | BDT 5,00,000 | 45 days | BDT 3,000 | Yes | Yes | Up to 24 months |
| SCB | MasterCard/ VISA Platinum | BDT 5,00,000 | 45 days | BDT 5,000 | Yes | Yes | Up to 36 months |
| Bank Asia | VISA Platinum | BDT 10,00,000 | 45 days | BDT 3,000 | Yes | Yes | Up to 24 months |
| Pubali Bank | VISA Platinum | BDT 4,00,000 | 45 days | BDT 3,000 | Yes | Yes | Up to 24 months |
| Prime Bank | Mastercard, VISA & JCB Platinum | BDT 10,00,000 | 50 days | BDT 5,000 | Yes | Yes | Up to 36 months |
Benefits of Credit card use
The bank’s credit cards are accepted across the country at all merchants with Visa, Master, or JCB logos. In addition to everyday purchases, you can use your credit card for online or high-value transactions. The wide range of merchants includes restaurants, hotels, airline and travel agents, shopping malls, hospital, and diagnostic centers, jewelry shops, electronics, and computer stores, bill payments, and more. Presently in Bangladesh, the number of credit card users is increasing day by day to meet the overall growing demand.
Special features on Platinum Credit Card
- Access to Balaka Lounge (Use Bank Asia Platinum Card to access Balaka VIP lounge at Dhaka International Airport. Cardholders can access 3(Three) times a year with a companion which is absolutely free) only using Platinum Card
- Protocol services by Meet Greet & Assist Services Ltd. at Hazrat Shahjalal International Airport
- Priority Pass is the largest independent airport VIP lounge program in the world, with over hundreds of exclusive VIP airport lounge locations around the world. To be admitted into these lounges, cardholders need to present their Priority Pass membership card
- You do not need to carry cash anymore if you have a p Visa/ Master Credit Card. You can withdraw cash up to 50% of your credit limit from any ATM with Visa/ Master Logo across the globe.
Convenient Payment Options
You can pay any amount ranging from the minimum amount due to the total amount due and you have the following payment options –
- Cash payment Bank Branch counter
- Auto Debit Facility from Bank Account
- Payment through NetBanking, an internet banking service of the bank
- Bill payment through bKash the App
- Payment through BEFTN
Platinum Credit Card Eligibility
- Citizen or resident of Bangladesh, who is above 18 years of age on the date of the application
- The customer must have a valid ETIN certificate
- Fulfillment of all “Know Your Customer (KYC)” requirements
- Age: 18 years to 70 years
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
- Passport-size photograph of the 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 any of the provided photo IDs, then a declaration is required
- Completed CIB form and Letter of Undertaking
- Bank statement as applicable
- Visiting Card/Office ID
- Valid Passport (if available)
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 fresher, 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 for 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 for 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 for 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 for 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.
FAQs on Platinum Credit Cards in Bangladesh
FAQs: Credit Card Application and Features
Q1: How do I apply for a Credit Card?
A: You can apply for a credit card by visiting the bank’s official website, the nearest branch, or through online application.
Q2: What is the maximum limit for a Platinum Credit Card?
A: The maximum limit for a Platinum Credit Card is up to 10,00,000.
Q3: What is the maximum tenure of 0% EMI installment for the Platinum Credit Card?
A: The maximum tenure for 0% EMI installment of the Platinum Credit Card is 36 months.
Q4: What is the maximum amount of money I can take as advanced money?
A: You can take advanced money up to 50% of the credit card limit.
Q5: What is the annual interest rate?
A: The annual interest rate for the credit card is 20%.
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