Best Credit Cards in Pakistan (2022)

Compare Best Credit Cards in Pakistan and get the best offers. Apply online for Credit cards at Bank of Punjab.

Best Credit Cards in Pakistan (2022)

What’s the best credit card in Pakistan? Ask ten people this question and you’ll get ten different answers. Everyone has different preferences and priorities, so it helps to know what those are before choosing a credit card that’s right for you.

Credit cards have plenty of perks and rewards, but there are also some traps that could cost you more than they give in value if you aren’t careful! We’ve created this guide on the best credit cards in Pakistan to help you get started on your own journey toward financial freedom and security. Let’s go!

The Benefits of Credit Cards

Pakistanis tend to see credit cards as a way to access debt and run up bills they’ll never be able to pay back. But if you use your card responsibly, it can be an essential tool for building your credit history, which will come in handy if you ever need to rent a car or apply for a mortgage. Pakistan’s regulatory agency doesn’t require you to have bad credit before applying for a card.

So there’s really no excuse not to pick one up. Just remember that even responsible cardholders should only charge what they can afford and pay off their balance each month. There are many options out there with both low-interest rates and little-to-no annual fees—so don’t let fear stop you from taking advantage of one of them!

Applying for a Credit Card

In Pakistan, obtaining a credit card can be a complicated process, as most banks have pre-requisites for applying. Your best bet is to apply at your bank of choice if you’re not close to your limit on cards from other financial institutions.

If you do have credit cards from other companies, then it’s easier to apply for a card with that same lender and ask them to transfer or consolidate your debts onto one card. Some lenders may give you an introductory period where they’ll waive your annual fee (usually around Rs.500) and offer balance transfers.

The Fee Structure of Credit Cards

Interest rates and annual fees are usually two of the first things people look at when choosing a credit card. Most cards have an interest rate around 20% and a fee of about Rs 500 to Rs 1,000. While these fees might seem steep at first, remember that overspending on your credit card will add up over time, so any fee is worth it if it prevents you from going into debt.

If you’re on a limited budget and can’t afford to pay off your credit card bill every month, apply for a cheaper card with a lower annual fee. Better yet, choose one with no annual fee at all so you won’t have to worry about paying anything extra!

Minimum Average Balance

This is how much you have to maintain as minimum average balance in your account every month. If you don’t meet that requirement then there would be a penalty on your credit card bill amounting to Rs.50/month. Some banks have 0% annual interest rate on particular amount of money if that money remains as average balance for one year or longer.

It is advisable to choose credit cards whose offers suit you better instead of taking anything blindly. Usually poor people opt for cards having offers like zero percent annual interest because these cards are advertised heavily and seem attractive initially, but when you keep in mind penalties and other charges it seems otherwise. Don’t make an impulsive decision after watching commercials; choose wisely from available options.

Annual Fees of Credit Cards

The easiest way to compare credit cards is by looking at annual fees, although they aren’t always a clear indicator of what’s best. A $500-annual-fee card with an excellent rewards program may be a better deal than a $400-annual-fee card that has few perks.

For many people, simply looking at interest rates and other charges—like late fees—are enough to decide on which credit card is right for them. Other people prefer to look more closely at rewards programs; you can use an online rewards calculator to figure out exactly how much you’ll earn from cash back or frequent flyer miles by using one credit card over another.

Rewards Program

Not all credit cards are created equal, and it’s important to choose a card that not only offers you rewards on your purchases but allows you to get enough value out of those rewards. Some cards offer high cash back rates, while others might offer free flights or hotel stays. The key is to pick a card with rewards that match your spending habits.

If you’re an Amazon aficionado who spends thousands of dollars there each year, for example, an Amazon-specific credit card could be right for you. But if you don’t know whether it makes sense to use cash or a credit card at your local grocery store (hint: always use cash) look into general rewards credit cards instead.

Compare Different Types of Credit Cards Based on Features

The credit card industry has evolved into a complex market of products and services. Each different type of credit card is designed to appeal to a different audience, based on its features and benefits. Before signing up for any credit card, it’s important to understand how each type works so you can pick one that’s best for your needs.

Some people prefer credit cards with rewards programs that let them earn cash back or travel perks; others are looking for a low-interest loan; some like cards with no annual fee and others want premium rewards but high annual fees—there’s something out there for everyone. Here are our picks for the best credit cards available right now

How to Choose the Right Credit Card?

One of your first decisions, when choosing a credit card, should be whether you want to earn cash back or travel rewards. Each type has different bonus categories and comes with its own restrictions. Before you choose which card is best for you, consider how often you’ll use it and what rewards are important to you.

Cash-back cards: If you love redeeming your rewards for cash as soon as possible, a cash-back card could be right for you. Travel cards: If your goal is to earn points that can eventually lead to travel perks (like free flights or hotel stays), go with a travel card that allows transfer partners and has no foreign transaction fees. Points or miles?: Other things to think about include earning potential, annual fee and introductory offers.

Some travel credit cards are designed to make up for their high annual fee by offering big intro bonuses worth hundreds of dollars—but that’s usually only if you spend enough each month on all other purchases.

Rewards aren’t always worth it either: For instance, a 100,000-point signup bonus might sound great… until you do some math to figure out just how much you’d have to spend every month ($3,000) just to get $300 in value! So before swiping your plastic, do some research and figure out exactly where those rewards will take you.

Also Read: Best Credit Card In Pakistan With No Annual Fee


According to financial experts, a credit card should be used only if you have a cash flow that justifies its use. The best credit cards should therefore only be acquired by those who can responsibly manage them.

Other than keeping your spending habits under control, using credit cards wisely helps maintain an excellent credit score and overall financial health. If you’re unsure about which card is right for you, seek guidance from a professional before making your choice.

Choosing which of these top ten best credit cards to apply for can help lead to lower interest rates on your monthly expenses and increased cash back rewards on your regular purchases, along with lower fees and simpler rewards programs that make it easier for you to get ahead financially.

Best Credit Cards in Pakistan
Best Credit Cards in Pakistan

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