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About Premier Bank Visa Credit Card
 

  Special features  
Credit Card Policy
Credit Card Eligibility
Products with documents required
Terms and conditions
Bangladesh Bank Rules


Our Products & Documents required for application

1. International Retention Quota Card under corporate guarantee of exporting houses:

As per Guidelines for Foreign Exchange Transactions Vol. 1, We can issue the International Credit Cards against retention quota to the top Executives against export volume of an exporting firm.
 
I International Credit Card to Company Directors/ Executives/ Employees to be issued against corporate guarantee of the company supported by Board Resolution.
II Credit limit would be decided on case-to-case basis where primary consideration would be lien on foreign currency account balance equivalent to proposed limit. We can issue up to three cards favoring the three top Executives of an exporting organization.

Required Documents

a. Filled Application form
b. Passport size Photograph(Color) -two
c. Board Resolution
d. Corporate Guarantee
e. Export Performance certified by bank
f. Passport (1-7 pages) Photocopy
g. Letter of Undertaking/ Letter of Lien
h. TIN

2. International Credit Card against yearly Personal Travel Quota:

Bangladesh Bank has given permission to Premier Bank Limited to issue International Credit Card and instructed to follow the travel quota rules and regulations strictly. Therefore, we should follow their instruction to issue international credit card under travel quota entitlements. Issuance of credit card against travel quota is very difficult to monitor due to its restrictive entitlements. However issuance of international credit card against travel quota will be issued against 100% security in the form FDR. FDR should be liened favoring Card Division. TQ card may also be issued without security on a case-to-case basis depending on the merit of each case.

Travel Quota entitlement per calendar year for Bangladeshi Citizen as per Bangladesh Bank’s existing rules:

I USD 3,000/- for visiting countries other than SAARC member countries and Myanmar.
II USD 1,000/- for travel quota for SAARC member countries and Myanmar by air and USD 500/- by overland route.

Issuance of Credit Card against Travel Quota to be supported by a personal undertaking from the prospective Cardholder to the effect that he/she will not violate the Travel Quota entitlement.

Required Documents:

a. Filled Application form
b. Passport size Photograph(Color) -two
c. Passport (1-7 pages) Photocopy
d. TIN
e. Personal Undertaking
f. Lien of FDR/PSP

3. International Credit Card against RFCD account balance:

As per FE circular no – Baimuni (aba) 43/99 – 575 dated 16.05.99, we can issue International Credit Card against the balance of RFCD (Resident Foreign Currency Deposit) Account. RFCD card will be fully secured and RFCD account balance should be lined favoring Premier Bank Card Division.

Required Documents

a. Filled Application form
b. Passport size Photograph(Color) -two
c. RFCD Declaration form
d. Lien Request Letter
e. Lien Confirmation Letter
f. Passport (1-7 pages) Photocopy
g. Banks Statement-latest six months
h. TIN

4. Local Card to individual:

Gold Card on individual capacity may be issued to high government officials like Secretary, Additional Secretary, Joint Secretary, Deputy Secretary, Chairmen, Directors, Managing Directors of Banks, Financial Institutions, Insurance Companies, Corporations, high officials of Defense and Multinational Companies etc and other individuals on a case to case basis.

Required Documents- Service Holders

a. Filled Application form
b. Passport size Photograph(Color) -two
c. Passport (1-7 pages) Photocopy
d. TIN
e. Banks Statement-latest six months
f. Salary Certificate

Required Documents- Business Personnel

a. Filled Application form
b. Passport size Photograph(Color) -two
c. Passport (1-7 pages) Photocopy
d. TIN
e. Banks Statement-latest six months
f. Salary Certificate
g. Valid Trade License/ Memorandum/ Deed of Partnership
h. Proof of T&T Phone
i. Proof of Residence/ Car (If any)

5. Local Supplementary Card:
Supplementary cards may be issued against guarantee of basic cardholder and will be billed to the basic cardholder accounts.

6. International Supplementary Card:
No Supplementary Card can be issued against International Cards.