Friday, November 11, 2016

Askari World MasterCard Credit Card Complete Review

Askari World MasterCard Credit Card Complete Review


Introduction

Askri world master credit card
AKBL is known as initiative taker institute and keeping alive the old tradition, AKBL has again come up with the unique product introduction in the local card market. AKBL is the first bank in Pakistan to launch “Askari WORLD MasterCard, Credit Card” under umbrella of MasterCard. This high class card is designed to let AKBL card holders experience a higher level of convenience, security, control and privileges with the suite of premier benefits.

WORLD MasterCard is a unique and profiled credit card, which allows ultimate and marvelous benefits to its card holders across the globe. It is an exceptional experience that opens the doors to array of valuable offers, upgrades, distinctive deals and preferred access of high life style.


Silent Features

  • The World MasterCard is premium product to address primarily high net worth customers i.e. CEOs, MDs and Corporate Executives, etc.
  • Globally the world MasterCard holders are dealt exceptionally
  • MasterCard have a global agreement with LoungeKey to access approximately 500 VIP Lounges in over 300 busy international airports. The facility is available to all cardholders, irrespective of the class of travelling
  • Special arrangements to service World MasterCard customers
  • All seasons special discounts offered by MasterCard internationally
  • To explore more please visit www.worldcard.mastercard.com/mea

Qualifying Criteria

Segments

  • Salaried Individuals
  • Self Employed Businessman/ Self Employed Professional
  • Armed Forces (Major General & above)

Age

  • Minimum: 21 Years
  • Maximum: 70 Years

Minimum Income

Category                                                Min. Income
Salaried                                                0.50 Million
SEBs/ SEPs                                        2.00 Million
Armed Forces                                        Major General or Above


Documentation

  • Application Form (Filled & Signed)
  • Copy of CNIC/ NICOP/ Valid Passport
  • Salary slip or salary certificate (In case of Salaried/ Armed Forces)
  • 6 months Personal Bank Statement (In case of SEB/SEP)
  • Business Proof Document

ECIB/ Data Check& DBR

Mandatory for all applicants. Debt burden inclusive of all existing and proposed liabilities shall not exceed 50% of net disposable income.


Schedule of Charges

1. Service Charges for Retail Transactions
    3.0% Per Month

2. Annual Fee - Basic Card
    Free for 1st year whereas from 2nd year onwards charges will be Rs. 9,280/- (Comm 8,000 + 1280) per annum, however waiver is subject to spending of Rs. 50,000/- within two months from issuance/ renewal.

3. Annual Fee - Supplementary Card
    Free for 1st year whereas from 2nd year onwards charges will be Rs. 4,640/- (Comm 4,000 + 640) per annum, however waiver is subject to spending of Rs. 20,000/- within two months from issuance/ renewal.

4.Late Payment Charges
   Rs. 1,160/- (Comm1,000 + FED 160) per month or 10% (Comm 8.62% + FED 1.38%) of the minimum amount whichever is higher.

5.Service Charges Cash withdrawal
  3.70% per month.

6.Cash Advance Charges
   Rs. 1,160/- (Comm1,000 + FED 160)or 4.06% (Comm 3.5% + FED 0.56%) whichever is higher.

7. Cheque Return Charges
    Rs. 1,160/- (Comm1,000 + FED 160) per cheque

Read more about schedule charges at Official Website

How to Apply

You can apply for Askari World MasterCard Credit Card by visiting any of Consumer Business Centers in Lahore/ Karachi/ Rawalpindi/ Islamabad or by calling at  24hrs call center at 111-000-787. Bank staff will help you completing your Card application form and other formalities.


Available link for download

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