American Express commonly known as AMEX is a leading financial service provider in the world. City Bank Ltd. is the official provider of AMEX services in Bangladesh. From the beginning of its journey in 1983 City Bank Ltd. is providing top class retail financial services in the country. As a part of their continuous effort they brought Amex Platinum credit card for its customers.
AMEX platinum card is a good choice for the travel lovers and for those who want welcome perks from the provider. This card comes with exclusive welcome offers including complimentary one night stay at The Palace Luxury Resort, 25000 bonus membership rewards, Tk. 15000.00 health checkup at Square Hospital etc. The reward point benefit of this card also good, you can shop and earn 5 times membership rewards points at selected groceries; and 2 times membership rewards points on all other purchases made.
The charges of AMEX Platinum card is quite high. But, the benefits are also competitive compared to the annual fee. The annual fee of the card is Tk. 25000, so if your income is not above the average you may face difficulties while using this card. Apart from that, almost all the cards in our country has a higher interest rate. For this card, it is 27 percent p.a.
Advantages you may get
-One of the top class welcome offer providers in the country. A cardholder can avail any one of the following :
- Complimentary one night stay at The Palace Luxury Resort
- Complimentary Companion Priority Pass Lounge Visits
- 25,000 bonus membership rewards points
- BDT 15,000 savings on Executive Health Checkup packages at Square Hospitals Ltd.
- TK 15,000 savings on international flights at Saimon Overseas Ltd.
-It is a good choice for regular travelers. The travel benefits includes :
- Complimentary Priority Pass membership and unlimited access to over 1200 Priority Pass airport lounges worldwide. Note: Priority pass can only be used at foreign airport lounges.
- Complimentary unlimited exclusive access to the Platinum Lounge at Hazrat Shahjalal International Airport
- Meet & Greet privileges at Hazrat Shahjalal International Airport, Dhaka.
- Global Concierge Service, Travel Emergency & Medical Assistance abroad.
- Enjoy up to 20% amazing savings from all the nominated sales outlets of Biman Bangladesh Airlines, Biman Holidays and at: (www.bimanholidays.com) (Please hyperlink it). Offer valid till 30 June, 2020.
- Enjoy complimentary one night stay at Tower Building in The Palace Luxury Resort after paying only for the first night on weekdays. Offer is not valid on Thu - Fri, Fri - Sat and in blackout days. Other Terms & Conditions may apply.
- US Bangla Airlines: 10% savings on the base fare of both Business and Economy Class tickets for Domestic routes and 7% savings on the base fare of both Economy and Business Class tickets for International routes. Offer is valid till 15 March 2020. Other Terms & Conditions will apply.
- 10% savings on system base fare for Dhaka-Kuala Lumpur-Dhaka return air tickets (economy and business class) from AirAsia offices, Bangladesh. Other Terms & Condition may apply. Offer valid till 31 December 2020. For details, please call: 01984555666.
- Apart from that, all other others common benefits are also provided.
Things to remember
-High annual charge (Tk. 25000)
-High annual charge (Tk. 25000)
-high late payment charge (Tk. 1000)
-No automatic waiver of annual charge depending on transaction
-Fewer acceptance of merchants that Visa and MasterCard
Schedule of Charges
Annual Fee
|
BDT 25,000
|
Supplementary Card
Annual Fee
|
BDT 12,500
|
Card Replacement Fee
|
BDT 1,000
|
Captured Card
Replacement Fee
|
BDT 350
|
Late Payment Charge
|
BDT 1000 or USD 20
|
Cash Advance Fee
(Local)
|
BDT 150 or 2.5%
|
Cash Advance Fee
(International)4
|
USD 4 or 2.5%
|
Over Limit Charge
|
BDT 1500 or USD 25
|
Monthly Interest
Rate (Purchase & Cash Advance)
|
2.25%
|
EMI Interest Rate
(Monthly)
|
1.42%
|
Statement Retrieval
Fee Per Statement
|
BDT 100
|
Cash Advance Limit
|
50% of Credit Limit
|
Out of Town Cheque
Collection Fee
|
BDT 100
|
Markup
|
2%
|
City Shield Coverage
Fee
|
0.35%
|
Balance Transfer Fee
|
1%
|
Monthly Balance
Transfer Interest Rate
|
1.42%
|
Certificate Fee
|
BDT 300
|
CIB Fee6
|
BDT 150
|
SMS Notification Fee
|
BDT 200
|
Minimum Due for
Monthly Repayment8
|
BDT 500 or USD 50 or
3% whichever is higher
|
Priority Pass Lounge
Visit Bill (Per Visit Per Person)
|
USD 32
|
Priority Pass
Replacement Fee
|
BDT 1,000
|
International Lounge
Access Fee
|
BDT 2000 (Adult) BDT
1000 (child)
|
Legal Notice Fee
|
BDT 250
|
Early Settlement Fee
(Preferred EMI & FlexiLoan )
|
2% of the remaining
balance
|
PIN Re-generation
Fee
|
BDT 500
|
***15% VAT will be charges as applicable.
Documents required for application
Mandatory requirements for all individuals
1. Signed and completed application form
2.Copy of National ID/NID
3.ETIN Certificate
4.Passport size photograph duly signed by the applicant
5.Completed CIB undertaking
6.Valid Passport
7.Office ID/Visiting Card
Requirement for salaried person
1. Salary certificate
2. Bank statement
Requirement for self employed/ businessman
1.Bank statement
2.Copy of trade license
3.Memorandum of association, certificate of incorporation, latest Form X and XII for limited company
4.Copy of Title Deeds and rental agreement for landlords
5. BDMC copy for doctors.
The bottom line
AMEX Platinum credit card is for the high-income holders. Your monthly income should be at least Tk. 300000.00 to become an eligible applicant for the card. This card gives you manifold facilities if you do not bother about the higher charges.
0 Comments