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Mercantile Bank Limited

Mercantile Bank Limited

 +88-02-9559333, 9553892

 +88-02-9561213

 it@mblbd.com

Card information of MERCANTILE BANK LIMITED
NameMBL International Credit Card
Category Credit Card
Cards TypeLocal/International
Cards Global Network
Yes
FeaturedNo
Max Interest Free Days 45 Days
Interest Rate30%
Benefit

Cash advance:

  • MBL Card to MBL ATM: No Cash advance fee.
  • MBL Card to other Q-Cash ATM: Tk. 10 per transaction.
  • MBL Card to Brac Bank & DBBL ATMs: Tk. 20 per transaction.
  • MBL Card to other ATM: 2% of transaction amount or Tk. 125, whichever is higher.
  • For International Cards: US$3 or 2% of transaction amount, whichever is higher.
Scope
-
Service Types

-

Description

MBL international Credit card can be used both in Bangladesh and foreign country. There are Two types of International Card . These are : 

  • VISA Classic International Card
  •  VISA Gold International Card

The Difference lies on the limit of the cards and annual fees . Annual Fee is $ 35 and $70 respectively.

Minimum Payment:

When the outstanding in the statement is less than or equal to the credit limit, the minimum payment for the current month is as under:

  • For International Card: 5% of the billing amount or USD 25 whichever is higher. if the billing amount is less that USD 25, it should be paid in full
  • For Local Card: 5% of the billing amount or Tk. 500 whichever is higher. If the billing amount is less than Tk. 500, it should be paid in full
Details
  • In case of POS transactions, if the entire amount is not paid within the payment due date, interest will be charges @ 2.5% per month on daily basis from the date of transaction.
  • In case of cash Withdrawal, interest will be charged @ 2.5% per month on daily basis from the date of transaction irrespective of payment due date.
  • if the cardholder repay the entire amounth within due date payment no interest will be charged and thereby cardholders enjoy maximum 45 days credit facilities without interest for POS transactions.
  • if the cardholder repay the minimum payment amount as shown in the credit card account statement within the payment due date then no late payment penalty will be charged.
  • Credit Card account statement is generated on monthly basis if there is any outstanding in the cardholder account.
*Bdbankbazaar is not responsible for any discrepancy of any terms and condition , rate of respective Bank/ NBFI