Credit cards become so popular these days in our country. Almost
every individual wants to have a credit without any premeditation. I do not
suggest using credit. As it could increase your debt if you do not use it
prudently. But, if you are at the planning stage of applying for a credit card
our reviews can help in your decision-making process.
BRAC Bank Ltd. is one of the dominant credit card service
providers in our country. It has a variety of credit cards for the customers.
It is wise to research properly before you apply.
BRAC Bank's signature credit card can be a good choice for the
high end corporate and business persons, those persons who frequently visits
abroad or restaurants. It can save their money by taking the perks provided by
the bank. It provides buy 1 get 1 free buffet at the finest restaurant of
Bangladesh (Restaurants List ).
As I previously mentioned this card is for the serious users. The
annual fee of the card is quite high Tk. 10,000.00. But if you can take the
maximum advantage of the card you can make up the annual fee. You can get 2 Reward Points for every TK 50 or $1 shopping. It
also provides yearly a total of 7 complimentary visits including companion
at Airport Lounges through Priority Pass. $27 per visit per person will be
applicable after 7 visits. You can enjoy maximum Interest free period is
upto 50 days.
Advantages
-Buy 1 Get 1 Free Buffet at the
Finest Restaurants round the year:
-2 Reward Points for every TK 50 or $1 shopping
-Yearly a total of 7 complimentary visits
including companion at Airport Lounges through Priority Pass. $27 per visit per
person will be applicable after 7 visits.
-Complimentary access of BASE Cardholder + 3
Companions (Per Visit) to Balaka Lounge at Hazrat Shahjalal International
Airport, Dhaka throughout the year.
-Maximum Interest free period is upto 50 days.
Disadvantages
-High annual fee (Tk. 10,000.00)
-High late payment charge (Tk. 1000.00)
-No automatic waiver of annual fee depending of
transaction.
Schedule of charges
Annual
Fee-Primary Card
|
TK.
10,000
|
Annual
Fee-Supplementary Card
|
TK.
5,000 from 3rd onwards
|
No.
of Free Supplementary Card
|
2
|
Card
Replacement Fee
|
TK.
800
|
PIN
Replacement Fee
|
TK.
500
|
Annual
Interest Rate
|
27%
|
Cash
Advance Fee
|
2.5%
or TK. 150 whichever is higher
|
Late
Payment Charges (if minimum due is not paid within due date)
|
TK.
1,000
|
Over
Limit Charges
|
TK.
1,000
|
Return
Cheque Charges (For payment)
|
TK.
500
|
Copy
of Sales Voucher
|
TK.
300
|
Duplicate
Statement
|
TK.
100 per month (last 2 months)
|
Certificate
Issuance Fee
|
TK.
300
|
TK.
200 per month (beyond last 2 months)
|
|
Balance
Transfer Processing Fee (Only TK.)
|
2%
or TK. 150 whichever is higher
|
e-statement
|
Free
|
Printed
Statement (Only for e-statement subscribers)
|
TK.
50 for each statement
|
CIB
Fee
|
TK.
100
|
Push-Pull
SMS Service
|
Free
|
Transaction
Alert Servic
|
TK.
180 (per card)
|
1st
Card Cheque Book Fee (10 leaves)
|
Free
|
2nd
Card Cheque Book and onwards (10 leaves)
|
TK.
200
|
Card
Cheque Processing Fee
|
2%
or TK. 100 whichever is higher
|
Secured
Card Pre-closure Fee (If card closed before 1st anniversary date)
|
TK.
500
|
Early
Settlement Fee (Applicable for P@yFlex & Super Loan)
|
2%
of remaining balance
|
Super
Loan Processing Fee
|
2%
of loan amount
|
Complimentary
no. of visits at Balaka Lounge
|
Unlimited
|
Priority
Pass Membership Card Replacement Fee
|
TK.
500
|
Priority
Pass Lounge Visit Fee
|
US$
27 (per visit per cardholder)
|
Complimentary
no. of visits at Priority Pass Lounge
|
7
|
Higher
Credit Limit Maintenance Fee
|
TK.
1, 000
|
SI
Execution Fail Fee (Due to I/F)
|
TK.
100
|
*** 15% VAT will be charged as applicable.
Documents required for application
Mandatory Required Documents for Individual Unsecured Credit Cards |
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Requirement for fully Account Paid Salaried
|
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Requirement for Partially Account Paid Salaried
|
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Requirement for Self Employed
|
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Mandatory Required
Documents for Individual Secured Credit Cards
|
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Is it worthy to have this Signature card?
|
***Opinions explained here are the author’s alone, and have not been reviewed or approved by the bank. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without any warranty. Check the bank’s website for the most current information.***
2 Comments
I'm a satisfied BRAC bank Credit Card User. & To be honest, i'm very much pleased with their service system. Their rewards facility also very amazing.
ReplyDeleteVery much good to know & Thanks to Author.
Thanks for your comment.
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