Card Policy
Presently, we do not have any credit rating company in the
country and at the same time information on the customer from third party is
not always reliable. Therefore, we need to make our own scoring system.
Since it will be difficult to prepare a standard scoring system to assess
everybody’s credit worthiness we have to substantially depend on judgmental
analysis to make decision on individual cases. Every individual case shall
be unique and separate from others. We have also built a credit matrix,
which will tell us how much a card applicant may be entitled for the card
limit. But issuance of Premier Bank Visa Credit Card to individuals and to
corporate members under corporate guarantee shall be decided on a
case-to-case basis.
Types of Visa Credit
Card offered by Premier Bank:
| 1. |
Visa Classic Local(Valid Only in Bangladesh) |
| 2. |
Visa Classic International(Valid worldwide
except in Bangladesh) |
| 3. |
Visa Gold Local(Valid Only in Bangladesh) |
| 4. |
Visa Gold International(Valid worldwide except
in Bangladesh |
Credit Limit:
The Credit limit should be flexible, proportionate to cardholder’s income
reflects financial soundness and employment status etc. The following card
limits may be applied to different Card types:
|
Card Type |
Credit Limit |
|
Visa Classic-Local |
Tk. 10,000-Tk. 49,000 |
|
Visa Gold-Local |
Tk. 50,000- Tk. 50,00,000 |
|
Visa Classic- International |
USD 1,000-USD 3,000 |
|
Visa Gold-International |
USD3,000-USD 25,000 |
Following points
should be given due consideration:
| 1. |
Amount and stability of the prospective
cardholder’s income |
| 2. |
Ownership of Home, Car, Telephone and other
movable and immovable property. |
| 3. |
Current financial status |
| 4. |
Sound Previous credit history, especially
whenever recommended by own branches or any other schedule commercial
banks of Bangladesh |
| 5. |
Age, Marital Status, dependence and nature of
job |
| 6. |
Credit worthiness |
| 7. |
TIN |
|
