Mercantile Bank VISA Classic Dual Credit Card

Best Classic Credit Card for Double Benefits.

Key Product Features

Interest Rate	27.00%
Minimum Monthly Income	BDT 20000 For Govt. Employee 20000 , For Non-Govt Employee 25000
Balance Transfer	Yes
Annual Fee	1600

Fees and Charges

Over limit fee
$10

Fee for supplementary holder
N/A

Vat on fees and charges
15%

Late Payment fees
10$

Other Charges
Cash advance charges N/A
Cash advance interest charges N/A
Cheque Advance / Withdrawal Charge After 45 days1.50% processing fee will be charged on total credit amount for one time.
Return cheque fee N/A

Card Replacement fee: $10 and 1st Supplementary card is completely free of cost. Cash Advance fee: USD 3 or 2% of transaction amount whichever is higher will be applicable for international transaction.

Other Features

Islamic/Conventional	Conventional
Credit Limit	Min: BDT 10000 Max: BDT 100000
Cash Advance / Withdraw Amount	50% of total credit limit within 24 Hours a day.
Cash back limit (Max)	N/A
Reward points	N/A Expires: N/A
Protection Plan / Insurance Coverage	N/A
InstaBuy / Installment Features	N/A
Airport	Lounge access: N/A Luggage service: N/A Other service: N/A

Eligibility

Min. Age Requirement: 21Years

Min. Monthly Income: BDT 20000
For Govt. Employee 20000 , For Non-Govt Employee 25000

Employment Eligibility

Salaried Employee
Self Employed/Businessman
Land Owner

Documents requirements

Salaried person:

Filled Application Form
Photo of the applicant.
Copies of E-Tin, Passport & Salary Certificate.
Bank Statement (Last 6 Month)
Visiting Card
Spouse Pone
Office ID
Holding Tax Paying Reaccept/ Utility bill copy
Two relatives reference with full address & phone number.

Business Person:

Filled Application Form
Photo of the applicant.
Copies of E-Tin, Passport
Partnership Deed
Bank Statement (Last 6 Month)
Spouse Pone
Holding Tax Paying Reaccept/ Utility bill copy
Two relatives reference with full address & phone number.

Other requirements

Minimum 1-year permanent employment for salaried executives and 2 year of experience in business or practice for self-employed professionals and business person.