Mercantile Bank VISA Gold Local Credit Card
Mercantile Bank VISA Gold Local Credit Card

Mercantile Bank VISA Gold Local Credit Card

A Smart Local Gold Card for eligible persons

Key Product Features

Interest Rate 27.00%
Minimum Monthly Income BDT 35000
Balance Transfer Yes

Annual Fee BDT 1500

Fees and Charges

Over limit fee
N/A

Fee for supplementary holder
BDT 750
Vat on fees and charges
15%

Late Payment fees
250
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 : BDT 500 and First Supplementary Card is free of cost.

Other Features

Islamic/Conventional Conventional
Credit Limit Min: BDT 100000
Max: BDT 300000
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 35000


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.

Mercantile Bank VISA Gold Local Credit Card