Meezan Bank Credit Card: If you’re looking to get the most out of your credit card, look no further than Meezan Bank. Not only do they offer incredible perks and discounts, but they make them extremely easy to access and enjoy!
Meezan Bank Credit Card Benefits, Eligibility, Discounts
Use this guide to learn all about Meezan Bank Credit Card benefits, eligibility, and more!
If you’re considering applying for a credit card with Meezan Bank, you’ll want to know the eligibility criteria to make sure you’re eligible. In this article, we’ll go through the Meezan Bank credit card eligibility criteria and what you need to know to increase your chances of getting approved.
Meezan Bank is a leading Islamic bank in Pakistan that offers a range of credit cards to its customers. Their credit cards come with a variety of benefits and features, including cashback, discounts, reward points, and more. However, before you apply for a credit card with Meezan Bank, it’s important to know the eligibility criteria.
Basic Eligibility Criteria
To be eligible for a Meezan Bank credit card, you must:
- Be a Pakistani citizen or a resident of Pakistan
- Have a valid CNIC or NICOP
- Have a Meezan Bank account
The minimum age requirement for a Meezan Bank credit card is 21 years old, and the maximum age limit is 65 years old. However, the age requirement may vary depending on the type of credit card you’re applying for.
Employment Status Criteria
Meezan Bank requires that you have a stable employment status to be eligible for a credit card. You must be a salaried individual or a self-employed individual with a regular income.
Your income is a crucial factor in determining your eligibility for a Meezan Bank credit card. The minimum income requirement varies depending on the type of credit card you’re applying for. For example, the minimum income requirement for a Titanium card is higher than that of a Classic card.
Credit History Criteria
Your credit history is another important factor that Meezan Bank considers when assessing your credit card application. A good credit history increases your chances of approval, while a poor credit history may result in rejection.
Apart from the basic eligibility criteria, age criteria, employment status criteria, income criteria, and credit history criteria, Meezan Bank may consider other factors when assessing your credit card application, such as your debt-to-income ratio, your payment history, and your relationship with the bank.
To apply for a Meezan Bank credit card, you’ll need to submit the following documents:
- Copy of your CNIC or NICOP
- Latest salary slip (for salaried individuals)
- Bank statement (for self-employed individuals)
- Proof of residence (such as utility bills)
- Income tax returns (for certain credit cards)
Tips for Increasing Your Chances of Approval
If you want to increase your chances of getting approved for a Meezan Bank credit card, here are some tips:
- Maintain a good credit history
- Keep your debt-to-income ratio low
- Pay your bills on time
- Apply for a credit card that matches your income level
- Apply for a credit card that matches your spending habits
- Apply for a credit card that offers rewards and benefits that you’ll use
Meezan Visa Platinum Debit Card
Prestige. Privileges. Platinum
Welcome to the world of the Meezan Visa Platinum Debit Card – The card that offers unbeatable convenience with enhanced security and round-the-clock accessibility to funds from anywhere across the world. Designed exclusively for the frequent traveler; we offer higher limits to complement your lifestyle so that no matter the miles, you can enjoy the luxury of Meezan’s benefits, wherever you go!
Features & Benefits
Safety and Security
Meezan Visa Platinum Card provides layers of security for your Card, offering you a safe banking experience. It as a Chip-based card that significantly increases data security for your transactions as well as Card information and limits card cloning and fraudulent activities. In addition, Meezan Visa Platinum Debit Card is powered by ‘Verified by Visa – a service that offers added online protection while shopping with a number of leading online merchants.
NFC Tap & Go
Meezan Visa Platinum Card is NFC enabled, providing you the convenience to make contactless payments at retail outlets. With a built-in Visa PayWave technology, you can now enjoy faster payments without the hassle of signing transaction slips at all retail outlets supporting the Visa contactless symbol.
Higher Spending Limits
Meezan Visa Platinum Card now offers an enhanced daily limit of Rs. 200,000/- for cash withdrawal and Rs.500,000/- for shopping at retail outlets as well as online.
Enjoy complimentary CIP lounge access at Karachi, Lahore, Multan & Sialkot airports with your Visa Platinum Card.
The Meezan Bank credit card eligibility criteria may seem strict, but they’re designed to ensure that the bank only lends to individuals who are financially stable and can repay their debts. By meeting the eligibility criteria and following the tips we’ve provided, you’ll increase your chances of getting approved for a credit card with Meezan Bank.
Introducing the Meezan Bank Credit Card
With so many options on offer, applying for a credit card can be confusing, to say the least. However, Meezan Bank has introduced a brand new credit card that is here to make your life easier. The new Meezan Credit Card comes with zero-cost EMI for selected products of leading brands as well as giving you access to all kinds of discounts and other benefits you can use from time to time.
Here’s everything you need to know about getting hold of one! What is it? The new Meezan Bank Credit Card gives users unique benefits on purchases every month, bringing big savings at no extra cost. It also means faster delivery times and hassle-free returns from stores across Pakistan. How does it work?
Benefits of Having a Meezan Credit Card
There are multiple benefits of having a Meezan credit card which includes the following: – Committed Personal Banking Specialist: To help you during your credit card application process, you have a dedicated personal banking specialist who will be at your service. – Fast Approval: Your request is reviewed within 24 hours, while approval time may vary between 1 to 3 working days.
Easy Spending Tracking: If you wish to stay in control of your expenses, then use Meezan cards for a smooth tracking mechanism. – Overdraft Protection Facility: With an overdraft protection facility from our bank, you can make overdraft transactions at no additional cost from your current account limit
Meezan Bank Credit Card Eligibility
You must be a regular or executive member of Meezan Bank to apply for its credit card. You will receive automatic membership if you are currently using Meezan Bank’s banking services, or if you hold an account in any of its branches. If you’re not a member of Meezan yet, you can apply for membership by completing an online application here.
The bank offers different types of accounts, ranging from savings accounts to fixed deposits to Islamic saving schemes, so your membership is only eligible for credit cards if you have one of these specific accounts with them.
An additional option is to become a business partner with Meezan Bank; in that case, you must open one of their commercial current or saving accounts and then contact their Business Development department to activate your business credit card.
In terms of eligibility based on other factors (age and income), there aren’t too many stipulations—you need to be at least 18 years old , but apart from that most people who meet minimum deposit requirements should be able to open an account. An applicant should also pass standard approval criteria like having good financial standing (as proven by checking records) as well as a healthy income record.
Meezan Bank Credit Card Discounts
Depending on your type of business or specific needs, you may find that a credit card offers some additional benefits. The Meezan bank card for example offers a discount on home maintenance items including air conditioners, washing machines, air purifiers, etc. It also provides extra security by offering protection against burglary, fire damage, theft and other damages.
Your new credit card will also have its own social media pages so that you can keep up to date with all of their promotions! And you’ll never miss out on any of their best deals again. If there’s anything else I should know about how to apply for a Meezan credit card, feel free to let me know!
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Fees and Charges associated with the card
In order to use your credit card, you’ll need to pay a two-year membership fee. After that, you can get a cash advance on your card (for an additional fee) in case of emergencies. In addition, as with any Meezan Bank product, there are no monthly fees attached to your credit card account.
However, you must take care of your debt – late payments will incur a fine plus interest charges so be mindful of when deadlines approach! You can even sign up for automatic repayment if time is something you don’t have. When it comes to annual fees, however, things differ slightly.
You can enroll in some benefits without paying a fee but others require an annual payment and memberships range from Rs100 all the way up to Rs40,000 per year. The amount varies depending on which service you choose; however, they each come with added benefits such as priority customer service, discounts at certain restaurants or hotels throughout Pakistan and much more!
To apply for a credit card: go online or head down to your nearest branch and fill out an application form along with copies of identification documents such as driver’s license or passport. There’s no set age requirement—however all applicants must be Pakistani citizens who have lived in Pakistan for more than five years at least.
Terms & Conditions
The Meezan credit card is issued by Meezan Bank and is subject to approval. To apply for a credit card, you must be 21 years of age or older, a resident of Pakistan with a national ID card or passport and your net salary should be above Rs. 18,000/- per month. The minimum balance required to open an account is Rs. 15,000/- and can be paid either in one go or over 3-6 months period.
Foreign currency transactions are not permitted on credit cards. Your eligible purchases will earn cash back rewards in percentage as following: International Debit & Credit Transactions: 1% , Internet Banking Transactions: 2% , Mobile Recharge : 2% , Bill Payment (electricity, telephone): 1% . Cash withdrawal limit at ATMs is limited to Rs. 250,000/- per day while bank withdrawals are limited to Rs. 250,000/- per day.
Meezan Bank Credit Card Apply Online
Meezan Bank credit card can be used anywhere in Pakistan at ATM, POS or over-the-counter. The cards are free for meezan bank account holders, i.e., you don’t have to pay any annual or monthly charges. You only need to carry your meezan bank debit card with you all times because it is necessary to make payments online or in store.
While applying for a card online you may also select your preferred design from a variety of designs Meezan Bank provides its customers with. If your application is approved by Meezan bank, then they will send you an activation code on your registered email ID after which you can login into their official website and activate your new card.
Does Meezan Bank Offer Credit Card
Yes, Meezan Bank has launched its own credit card. The bank is currently running a promo for new applicants who apply online. You will receive a 30-day period where you can pay your credit card bills, without interest or any additional charges.
This applies to all of Meezan’s credit cards. After that period expires, a normal 0% APR schedule resumes. Additional fees may apply for late payments; however, you are under no obligation to use your credit card at that time.
Many people sign up with their eyes on long-term rewards such as cash back; however, it is important to keep in mind that cash advances from credit cards come with extremely high fees which usually outweigh those potential rewards.
Meezan Bank Platinum Card
A comprehensive credit card which grants its holders a series of rewards, discounts and exclusive offers that are only available to platinum card holders. These benefits come in addition to a range of features that make meezan bank credit cards one of Pakistan’s most attractive credit cards. It’s worth noting that while we focus on Platinum cards here.
These are also offered in other tiers with similar benefits: Gold, Silver, Classic… it all depends on your spending habits. To learn more about these products click here. *In order to be eligible for any given benefit, cardholders must meet certain criteria.
For example, if you wish to enjoy free shipping at eBay or access free cash at SnapDeal, you must use your e-commerce payment feature at least three times per month.
Meezan Bank Gold Card Limit
The interest rate applicable to your account will be 16.90% per annum on floating rates with effect from September 1, 2013. A penalty of 1% will be charged on a monthly average balance exceeding 6 times of your credit limit for fixed-rate accounts and 25 times your credit limit for floating-rate accounts. To avoid penalty, you must maintain a minimum monthly average balance of Rs 250,000 in fixed-rate (non-gold) deposit accounts or Rs 50,000 in a gold deposit account(s).
No service charge shall be levied if you maintain a minimum balance as stated above during month(s) when transactions are made at branches or through internet banking. You can also withdraw up to six times of your current available balance every month without any service charge. Interest rebate of 0.25% p.m.
Also Read: Faysal Bank Credit Card Benefits, Eligibility, Discounts
The Meezan Bank credit card is a very convenient tool to make payments for your purchases. With its simplicity, cash-back offers, and no annual fee, you’ll be sure to make use of it frequently. Most banks will offer similar benefits when you apply for their credit cards.