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About Premier Bank Visa Credit Card
 

  Special features  
Credit Card Policy
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Terms and conditions
Bangladesh Bank Rules


Terms and Conditions

 
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.

The above charges are subject to change by the bank time to time at its own discretion.