01Credit card
Master Islamic Credit Card Platinum
MastercardPlatinum
Our Shariah-Compliant Credit Card provides customers with a convenient and secure way to make everyday purchases and access approved financing facilities while adhering to Islamic banking principles. The Islamic card is structured to avoid interest (Riba) and is governed by a Shariah-approved framework.
- Cash
- Withdraw
- Set Pin
- Balance
Card details
- Annual & issuance fee
- $170.00
- Credit card limit
- $5,001.00 – $30,000.00
View full details
Our Shariah-Compliant Credit Card provides customers with a convenient and secure way to make everyday purchases and access approved financing facilities while adhering to Islamic banking principles. The Islamic card is structured to avoid interest (Riba) and is governed by a Shariah-approved framework.
Credit Card:
Ghazanfar Bank is committed to deliver/ provide high valued services to its customers according to their desires, thus, Ghazanfar Bank started issuance of credit card in the year 2021, currently in below two types.
- MC Platinum Credit Card
- MC Standard Credit Card
Both the above mentioned cards are categorized in to two types of issuance.
- Secured Credit Cards: Cards in this category are issued against 120% of Lien (cash collateral)
- Unsecured Credit Cards: Cards in this category are issued based on Credit Department recommendations or BOM/BOS Decision (any credit card which is not backed by 120% of cash collateral comes under this category).
Advantages of Credit Cards:
Following are few advantages of credit card.
- Safe & Convenient mode of payment: credit cards contain different parameters which makes it the safest card.
- Useful mode of payment during emergency.
- Higher limit facility compare to Debit Cards.
- Highest availability & functionality all the time: credit cards will be functional even if our host is down or network issues.
- No Need to carry cash.
- Preferred mode of payment in most of Destinations/Locations.
- Pre-Authorization transactions facility.
- Easy to manage payments and monitor transactions anytime.
- Immediate Refund Reversals (if any) compare to other Cards
Extra Privileges of platinum Credit Card
- Airport Lounge Access (over 25 countries including UAE, Europe, KSA, US, UK & Canada)
- Cleartrip Airline Discounts (up to 30%)
- Discounted Chauffeur Rides with Careem (1st ride free up to 20% discount for three rides)
- Avis Car Rental Discounts (15% Discount across Europe, MEA, Asia & 12% in USA and Canada)
- European Shopping Villages Offers (up to 15% discount in all Village Shops & Outlets across Europe including UK)
- MyUS Premium Shipping Discounts (Free Membership Worth $120.00 Free A/C Setup worth $20.00 & 20% in Shipping)
- MasterCard Buy 1 Get 1 Offers (600+ offers available across multiple countries)
How to avail GB’s Credit Cards?
- Secured Credit Card: by securing 120% cash collateral/lien in your USD account you can apply for credit card after completing & signing credit card application and other related documents you can apply for credit card by visiting our nearest branch to complete stated documents or you can contact regionalmanager-a@ghazanfarbank.com / regionalmanager-b@ghazanfarbank.com from your registered email.
- Unsecured Credit Card: unsecured credit cards can only be requested from Branches based on credit department assessment and approval.
Note: above points are only applicable if you meet eligibility criteria mentioned below, as well you will receive your master credit card within 10-15 working days, in case of urgency we can process your request urgent and submit the card within 4-7 working days.
Eligibility Criteria:
All Ghazanfar Bank USD account holders (existing and new clients) aged 18/18+ can apply for the credit card, after the assessment performed in accordance to this procedure including but not limited to a Lien (Cash Collateral) of 120% in their accounts for secured credit cards, and a guarantee as per GB’s and DAB’s collateral requirements for unsecured credit cards (according to credit department assessment).
Persons with physical disabilities (if the disability is below 50%) can apply for credit card only if they have credit worthiness (source of income), however, it should be in accordance with Ghazanfar Bank’s general policy, as well as for unsecured credit cards the maximum age limit is 65 years for customers above mentioned age limit Management approval is required.
If the account is corporate and mode of operation is any two/any three/jointly or if account is individual and there are two/three signatories and they have the same power (MoOp) singly, in these cases consent of all authorized signatories are required in written. Card cannot be issued to FD accounts, however, payroll USD account holders (of Govt. or private entities) are eligible for credit card. For citizen of countries in sanction list or any other special group Ghazanfar Bank’s general policy to be followed.
Credit Card Limits:
- Platinum Credit Card Limit: Min $5,001.00 Max $30,000.00
Usage Parameters:
Platinum Credit Card
Retail:
| Description | Value |
|---|---|
| Number of transactions per day | 15 |
| Aggregate amount per day | USD 15,000.00 |
| Number of transactions per Window | 60 |
| Aggregate amount Window | USD 30,000.00 |
| Single transaction Limit | USD 5,000.00 |
Cash:
| Description | Value |
|---|---|
| Number of transactions per day | 10 |
| Aggregate amount per day | USD 3,000.00 |
| Number of transactions per Window | 30 |
| Aggregate amount Window | USD 10,000.00 |
| Single transaction Limit | USD 2,000.00 |
- Window is defined as 15 Days for both types of Credit Cards.
Pricing information:
| No | Details | Charges Per Transaction/ |
|---|---|---|
| 1 | Main/Supplementary Annual & Issuance Fee (Platinum) | $170.00 |
| 2 | Main/Supplementary Annual & Issuance Fee (Classic) | $30.00 |
| 3 | PIN Re-issue Fee (Platinum) | $15.00 |
| 4 | PIN Re-issue Fee (Classic) | $10.00 |
| 5 | Card Replacement Fee (Platinum) | $50.00 |
| 6 | Card Replacement Fee (Classic) | $20.00 |
| 7 | Card Re-Issue Fee (Platinum) | $50.00 |
| 8 | Card Re-Issue Fee (Classic) | $20.00 |
| 9 | Card Account Monthly Fee (Classic only) | $1.42 |
| 10 | Late Payment Fee | $20.00 |
| 11 | Over Limit Fee | $20.00 |
| 14 | ATM Cash Withdrawal From GB ATM & CSC Network | 1.5% with a Minimum of $5.00 |
| 15 | ATM & Counter Cash Withdrawal Others/All | 2.5% with a Minimum of $8.00 |
| 16 | Forex/Dynamic Currency Conversion Fee | 3.50% |
Important guidelines:
- Do not attempt any transaction beyond your available limit or daily per transaction limits set by the bank.
- Don not attempt any transaction if you received any notification from the bank or any person acting on behalf of the bank as well as if your transaction is repeatedly rejected by acquirer.
- Restrict use of the card exclusively to yourself as it is not transferable.
- Under no circumstances you shouldn’t disclose your card’s sensitive data (like CVV code, card expiry and such) or personal identification number (PIN) to anyone.
- Ghazanfar Bank will never ask you to disclose your PIN or sensitive data
- In case you lost your card or you think that necessary information of your card is compromised please immediately visit the nearest GB branch or contact +93792 214 214 during official hours or +93 (0) 202310335 for 24hours customer support.
Contact us:
For any issue related to Credit Card Contact us via following channels:
- Please visit Nearest Branch of Ghazanfar Bank.
- Cell: +93 792 214 214
- Cell: +93 797 860 043
- Mail: atm-support@ghazanfarbank.com
