| 1. |
If a Cardholder pays the minimum payment
amount as shown on the statement of card account within the payment due
date, cardholder does not need to pay late payment charge. If payment
received late twice (two months) then the card will be suspended. |
|
| 2. |
Excess Over limit Charge:
For Local Cards: Tk. 500(Gold) and Tk. 300 (Classic)
For International Cards: USD 20(Gold) and USD 15 (Classic). |
|
| 3. |
Any excess over limit must be repaid
immediately otherwise further penalty may be applied. |
|
| 4. |
Foreign exchange markup 1% (for International
Cards only). |
|
| 5. |
Interest: 2.5% (monthly) both Local and
International Cards. Interest will be calculated on a daily basis from
the date of posting of the transaction. |
|
| 6. |
If the cardholder pays the full-billed amount
within the payment due date as shown on the monthly statement of card
account, no interest will be charged, thus the member has the option to
enjoy a maximum of 45 days interest free credit facility. |
|
| 7. |
Cash advance interest: 2.5% (month) both Local
and International Cards. Interest will be calculated on a daily basis
from the date of posting. |
|
| 8. |
Cash advance fees: 3% or Tk. 150 whichever is
higher. Fee will be debited on card account on the posting date. In case
of Cash Advance, Cardholder must pay Cash Advance fee once and cash
advance interest until the amount is paid in full. |
|
| 9. |
Interest, excess limit charge and cash advance
interest (if any) will be debited to card account on the statement date.
Late payment charge (if any) will be debited to card account on payment
due date. |
|
|
10. |
Minimum payment amount is calculated according
to the following method: |
|
|
a. |
For Local Cards: When the current outstanding
is less than or equal to credit limit, the minimum amount is 5% of the
current balance shown in the statement or Tk.500/- whichever is higher. |
|
|
b. |
For International Cards: if the current
outstanding balance is less than or equal to the credit limit, the
minimum amount is 5% of the current balance shown in the statement or
USD 50/- whichever is higher. |
|
c. |
If current outstanding balance is less than
USD 50/-, then the cardholder must pay in full amount. |
|
d. |
If the current outstanding balance is more
than the credit limits for both the local and international cards: the
minimum amount is 5% of credit limit, plus exceeded amount. |
|
e. |
Any overdue account: for both local and
international cards it is the minimum amount of the previous statement
plus 5% of the billing amount. |
