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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.
  • Monthly APR
    Annual Fee
    Cash Back
  • Alfalah Ultra Cashback Credit Card

    Alfalah Ultra Cashback Credit Card

    3.33 %
    PKR 4,000
    PKR 750

    Benefits

    • Withdraw up to 50% of credit limit limit
    • No Annual fee

    Be Aware of

    • Minimum value added services

    Rates

    Monthly APR
    3.33 %

    40% per annum

    Cash Advance
    3.33 %

    40% per annum

    Monthly BTF Rate
    2.00 %

    (24% APR)


    Annual Fees

    Annual Fee
    PKR 4,000

    Rs 1,000 is refundable on the total spend of Rs 3,000 or above for first 3 months.

    Supplementary Card Fees
    PKR 2,000
    Chip Maintenance Fee
    PKR 0

    Other Fees

    Cash Advance Fee
    PKR 1,000

    or 3% of cash advance (whichever is higher)

    Foreign transaction Fee
    Upto 5.00 %

    Over prevailing market rate or as per SBP directive. Third currency US Dollars as per rate quoted under arrangement with Visa and MasterCard. Cross border transaction fee will also be charged as per Visa/MasterCard rules.

    Late Payment Fee
    PKR 1,450

    or 10% of minimum amount (whichever is higher)

    Overlimit Fee
    PKR 1,200

    or 2% of over limit amount (whichever is higher)


    Interest Free Period

    51 days

    SMS Alert Fee

    PKR 70 per month

    BTF Fees

    Processing Fee
    PKR 0

    Local Spend

    Cash Back
    PKR 750

    or 7% of actual spend/whichever is lower

    Reward Point
    -
    Airmiles
    -

    International Spend

    Int. Cash Back
    PKR 750

    or 7% of actual spend/whichever is lower

    Int. Reward Point
    -
    Int. Airmiles
    -

    Grocery Spend

    Cash Back
    -
    Reward Point
    -
    Airmiles
    -

    Fuel Spend

    Cash Back
    -
    Reward Point
    -
    Airmiles
    -

    Minimum Monthly Income

    Salaried
    PKR 20,000

    Gross monthly salary per month

    Self Employed
    PKR 50,000

    Average bank balance of past 6 months


    Minimum Age

    Salaried
    21 Years
    Self Employed
    21 Years

    Salaried Individual

    Bank Statement
    Required

    6 Months Computerized Bank Statement

    CNIC
    Required

    Readable and Valid Copy

    Salary Slip
    Required
    • Recent 3 months salary slip
    • Salary Letter
    • Proof of BPS (for Govt. employees)
    • Proof of rank (for Armed Forces Personnel)

    Self Employed Professional

    Bank Statement

    6 Months Computerized Bank Statement

    CNIC

    Readable and Valid Copy

    Proof of Business

    • Minimum 2 years of business history
    • Bank maintenance certificate (Clearly mentioning Name, CNIC & Tenure of relationship)
    • NTN(may be required)

    Sole Proprietor

    Bank Statement

    6 Months Computerized Bank Statement

    CNIC

    Readable and Valid Copy

    Proof Of Business

    • Minimum 2 years of business history
    • Bank maintenance certificate (Clearly mentioning Name, CNIC & Tenure of relationship)
    • NTN(may be required)

    Partnership

    Bank Statement

    6 Months Computerized Bank Statement

    CNIC

    Readable and Valid Copy

    Proof Of Business

    • Minimum 2 years of business history
    • Bank maintenance certificate (Clearly mentioning Name, CNIC & Tenure of relationship)
    • NTN(may be required)

    Private Limited

    Bank Statement

    6 Months Computerized Bank Statement

    CNIC

    Readable and Valid Copy

    Proof Of Business

    • Form 29
    • Form A
    • Articles of association

    Global Travel Assistance

    Benefits
    Not offered
    Assistance
    Offered
    Other
    Not offered

    Travel Insurance

    Subsidized Travel Insurance
    Not offered
    Complimentary Travel Insurance
    Not offered
    Other Insurance Benefits
    Not offered

    Lounge Access

    Domestic Lounge Access
    Not offered
    International Lounge Access
    Not offered
    Other Travel Benefits
    Not offered

    Priority Pass

    Joining Fee
    USD 0
    Usage Fee
    USD 0
    Other Fee
    USD 0

    Salient Benefits

    1
    Discounts are available on Fuel, Supermarket, Hotels, Airlines, Hospitals and clothing
    2
    First time credit card applicants may apply
    3
    Attractive reward point

    Discounts

    Vendors
    42+


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Get The Best Cash Back Credit Card in Pakistan

Do you love getting cash back? If so then credit cards that offer cash back as a loyalty are best for you. Cash back cards reward you with a certain percentage of what you spend. The bank's do this by crediting you with the cash back amount back on to your card, thus reducing your overall spend.

Every issuer will have their own respective policy. Some card providers will offer cash back on all transactions, some may offer it only at grocery shopping, others on fuel, and lastly others at certain stores.

Cash back's offered by the bank is mostly subject to terms and conditions. Cash back are mostly capped at a certain amount; this means there is a  maximum cash back limit a card holder can qualify for in a given month. For example if your card has a 5% cash back on a maximum spend of PKR 10,000 in a given month. You only qualify for PKR 500 in the form of cash back in the month you spend.

When you find the right credit card that matches your needs, you need to ensure that you meet the minimum criteria of the bank offering the card. Some of the general minimum criteria's of banks are as follows:

  • You must be a minimum age of 21 years for a primary card, and 18 years of age to qualify as a supplementary card holder
  • Have a valid national ID card (CNIC)
  • Have a stable stream of income, by virtue of being a salaried individual or self employed.
  • Have good credit standing and not be in default of any loan or credit facility from any financial institution.

All banks have their respective policies and procedures. Look at our more info section for the card of your choice to evaluate whether you meet the requirements of the card that you like.

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