Convenience and perks are some of the best combinations when it comes to using credit cards.
If you are looking for an option that offers these along with affordable offers, check out the Askari Bank Classic Credit Card.
Read on to learn more about the benefits, features, and fees associated with this credit card.
Askari Bank Credit Card
With all the different cards to choose from, an Askari Bank Classic Credit Card is the best way to go because of the various benefits it has to offer.
The Askari Online Reward Redemption Program allows you to earn 1 point for every Rs 50 spent for your transactions. Your accumulated points can be redeemed for a wide selection of exciting products and services nationwide.
The Extended Payment Plans offered by the bank allows you to shop now, pay later. Any transaction amounting to Rs 10,000 or more can be transformed into a zero-interest monthly plan, allowing you to enjoy your product sooner without additional cost.
Applying for the Askari Bank Credit Card
Before you apply for this credit card, you must make sure that all your documents are available and prepared before you apply. This ensures a smoother and hassle-free application.
Based on the Askari Bank website, to be eligible for a credit card you must be 21 to 62 years of age if you are a salaried employee. For self-employed individuals, the age range is 23 to 65 years old. Your supplementary cardholders should be 18 years old and older.
Aside from your age, the bank also has a minimum income requirement of Rs 25,000 for permanent employees, Rs 35,000 for contractual employees, and Rs 25,000 for commissioned officers in the armed forces. Government employees are required to have a minimum of Rs 25,000 net salary for permanent BPS 16 or above and Rs 35,000 for BPS 17 & above.
Salaried employees from private sectors must be continuously employed for 18 months minimum and must be with the current employer for 3 months. For those in the government sector, the service length is 12 months minimum, with 3 months under the current employer.
For your documents, you need to make sure that you have your completed application form, a bank statement, a proof of income or salary slip, your latest utility bill (a copy will suffice), 2 passport-sized photos of you, and biometric verification.
To apply, simply fill out your details on the Askari Bank website, and the bank will contact you back with further steps to take.
Askari Bank Credit Card Fees
To better understand the fees and charges that come with an Askari Bank Credit Card, let’s take a look at the Askari Bank Classic Credit Card again.
- Primary Card Annual Fee: Rs. 3,500 per year (waiver on 30% utilization of total limit
within first 3 months of issuance or renewal)
- Supplementary Card Annual Fee: Rs. 2,000 per year (waiver on 30% utilization of total limit within first 3 months of issuance or renewal)
- Cash Advance Interest Rate: 3.30% per month (39.60% APR)
- Retail Transaction Service Charges: Up to 3.5% per month (42% per year) of the outstanding amount
- Late Payment Charge: Rs. 1,500 per case
- Cash Advance Charge: Rs. 1,450 or 3.5% (whichever is higher)
- Card Replacement Fee: Rs. 1,200 per card
- Processing Charges: Rs. 1,200 or 3.20% (whichever is higher)
- Foreign Currency Transaction Charges: 4% of transactional amount – to be applied on all transactions besides Pak Rupee
Askari Bank Credit Card and Travel
One of the best things about an Askari Bank Credit Card is its accessibility worldwide. It allows you financial flexibility and independence whenever you are out of the country.
Depending on your card level, you may also be eligible to enjoy complimentary access at CIP airport lounges, which offer plenty of comfort and convenience for frequent travelers.
If you are to encounter any flight inconvenience, the bank covers any delay, loss, or damage with travel inconvenience insurance.
Askari Bank Contact Info and Address
You can reach the Askari Bank call center by dialing 111-000-787.
Additionally, their head office address is located on the Third Floor, Plot No. 18, NPT Building, F-8 Markaz, Islamabad.
With various local and international benefits to enjoy, an Askari Bank Credit Card is a valuable choice if you’re looking for a convenient everyday credit card you can use worldwide.
To avail of these exciting perks, apply today. For more information, visit the Askari Bank website.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.