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.