Bank Alfalah Platinum Visa Credit Card is designed for the high net worth Customer segment. Bank Alfalah Platinum Visa Credit Card carries the logo of Visa which is acceptable at 30 million plus establishments and 1.5 million ATM’s worldwide.
Salaried individuals of reputable companies with a minimum monthly income of PKR 170,000/ are eligible to apply for the Platinum card. Self-employed businessmen and professionals can also apply, provided they are able to demonstrate a minimum monthly income of PKR 400,000 and show an average balance of 400,000 in a personal or business account over the last 6 months period.
Our Team has made the effort of reviewing the Bank Alfalah Platinum Visa Credit Card on the below criteria:
APR & BTF Rate:
Bank Alfalah Platinum Visa Credit Card has an annual percentage rate of 40% which can be broken down to 3.33% per month. The credit card also offers balance transfer facility with an annual percentage rate of 24% purchasesildenafil.com or 2% per month. Our team has rated Bank Alfalah Platinum Visa Credit Card as AVERAGE on the following criteria due to similar rates being offered by other Platinum Credit Card providers in Pakistan.
Fees and Waiver:
Bank Alfalah Platinum Visa Credit Card charges PKR 4,000/- as the annual fee. A chip maintenance of PKR 1,000/- is also applicable annually. The Bank Alfalah Platinum Credit Card has been rated GOOD on the following criteria as it charges an annual fee lower than other Platinum Credit Card providers.
Bank Alfalah Platinum Visa Credit Card offers over 100+ discounts at Retail and Dining outlets all over Pakistan which includes up to 20% discount on dining at fine dine restaurants, 20% on Food Panda Online Service, 6 free visits to Shapes, 10% discount on Liberty Books, free entry to Port Grand. Bank Alfalah Platinum Credit Card has an EXCEPTIONAL discount alliance program for its customers.
Bank Alfalah Platinum Visa Credit Card offers to its Platinum customers free access to CIP lounges at Karachi, Lahore and Islamabad airports respectively. The credit card also offers free travel accidental insurance for its customers. A 12.5% discount on booking a domestic tour through PTDC is offered on the card. Bank Alfalah Platinum Visa Credit Card has been rated AVERAGE on the following criteria due to similar travel benefits being offered by other Platinum Credit Card providers in Pakistan.
Loyalty Program and Benefits:
Bank Alfalah Platinum Visa Credit Card has an AVERAGE rewards program for its customers which is similar in nature and offerings to other Platinum card providers. The user may redeem their points for a wide range of products spanning Home Comfort, Lifestyle, Entertainment, Leather Goods, Dining and Travelling. The card also offers Installment Plans, Credit Cover, Zero Loss Liability on its card.
About Bank Alfalah Limited
Bank Alfalah Limited is a private bank owned by the Abu Dhabi Group. Bank Alfalah Limited was launched on June 21, 1997, and it started its operations on November 01, 1997 in Pakistan. The bank now has a network of 648 branches across the country making it the 6th largest bank in Pakistan.
Disclaimer: The above review is non-sponsored. The views expressed in this article are that of Karlocompare.com.pk’s content team and does not represent the bank and/or its employees. Application requirements, features, fees, may be subject to change depending on the bank’s policy and regulatory requirements from time to time.