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Silk Bank
On March 31, 2008, a Consortium comprising of IFC, Bank Muscat, Nomura International and Sinthos Capital led by senior bankers Mr. Shaukat Tarin and Mr. Sadeq Sayeed acquired 86.55% stake in Silkbank for around $213 million. Silkbank currently offer credit cards, personal loans and running finance facility.
  • Monthly APR
    Monthly BTF Rate
    Annual Fee
  • Silk Bank Gold Credit Card

    Silk Bank Gold Credit Card

    3.50 %
    2.75 %
    NIL

    Benefits

    • Earn Cash Back of upto 0.5% on retail transactions
    • Discount offers at over 150+ leading merchants in Pakistan on categories of Lifestyles/Dining and International Discounts in conjunction with Visa
    • Personalize your Silkbank Credit Card with an image of your choice
    • Equal Monthly Installment Plans (PO, BT, Alliances & Retail Outstanding) with tenor ranging from 3 - 60 months. Avail up to 50% of credit limit in form of installment plan

    Be Aware of

    • Now transfer your current credit card balance to your Silkbank Credit Card - at ZERO% Mark-up for 12 months.  Only on Cards applied under 0% APR category
    • Silkbank Credit Cards now powered by Verified by VISA (VBV) provide you with an extra layer of security when you conduct online transactions
    • Free Credit up to 51 days
    • EMV Chip Technology

    Rates

    Monthly APR
    3.50 %

    42% per annum

    Cash Advance
    3.50 %

    42% per annum

    Monthly BTF Rate
    2.75 %

    33% per annum


    Annual Fees

    Annual Fee
    NIL

    Currently no fee is being charged. The bank may charge this fee in the future. HOwever, customers will be informed prior to levy of this fee.

    Supplementary Card Fees


    Currently no fee is being charged. The bank may charge this fee in the future. HOwever, customers will be informed prior to levy of this fee.

    Chip Maintenance Fee
    PKR 1,000 Reversible

    Rs. 1,000/- (Basic), Rs. 500/- (Supplementary)
    For fee reversal, spend Rs. 10,000/- in 60 days from statement billing date


    Other Fees

    Cash Advance Fee
    PKR 1,000

    or 3% of withdrawal amount (whichever is higher)

    Foreign transaction Fee
    4 %

    of the transaction amount

    Late Payment Fee
    PKR 2,000

    10% of the minimum due amount or Rs. 2,000/-, whichever is higher

    Overlimit Fee
    PKR 2,000

    Interest Free Period

    Not indicated

    SMS Alert Fee

    PKR 125 per month

    SMS & E-Alerts facility covers transaction alerts on both SMS & E-mail.
    SMS alerts including transactions (retail/cash advance) alerts, statement alerts, payment reminders and birthday alerts.


    BTF Fees

    Processing Fee

    Local Spend

    Cash Back
    0.25 %

    0.25% cashback on International & local retail transactions

    Reward Point
    -
    Airmiles
    -

    International Spend

    Int. Cash Back
    0.25 %

    0.25% cashback on International & local retail transactions

    Int. Reward Point
    -
    Int. Airmiles
    -

    Grocery Spend

    Cash Back
    0.25 %

    0.25% cashback on International & local retail transactions

    Reward Point
    -
    Airmiles
    -

    Fuel Spend

    Cash Back
    0.25

    0.25% cashback on International & local retail transactions

    Reward Point
    -
    Airmiles
    -

    Minimum Monthly Income

    Salaried
    45,000
    Self Employed
    PKR 300,000

    Minimum Age

    Salaried
    21 Years
    Self Employed
    21 Years

    Salaried Individual

    Bank Statement

    6 Months Bank Statement (Should be signed & Stamp) Along with Account Maintenance Certificate (If Required)

    CNIC
    Required

    verified copy

    Salary Slip
    Required

    verified copy

     


    Self Employed Professional

    Bank Statement
    Required

    12 Months Bank Statement (Should be signed & Stamp) Along with Account Maintenance Certificate (If Required)

    CNIC
    Required

    verified copy

    Proof of Business
    Required
    • Letter of Proprietorship
    • NTN or any Tax Documents to ascertain the length of employment
    • Professional Degree
    • Partnership Deed or another documents confirming the length & existence of partnership
    • AOP Certificate

    Sole Proprietor

    Bank Statement
    Required

    12 Months Bank Statement (Should be signed & Stamp) Along with Account Maintenance Certificate (If Required)

    CNIC
    Required

    verified copy

    Proof Of Business
    Required
    • Letter of Proprietorship
    • NTN or any Tax Documents to ascertain the length of employment
    • Professional Degree
    • Partnership Deed or another documents confirming the length & existence of partnership
    • AOP Certificate

    Partnership

    Bank Statement
    Required

    12 Months Bank Statement (Should be signed & Stamp) Along with Account Maintenance Certificate (If Required)

    CNIC
    Required

    verified copy

    Proof Of Business
    Required
    • Letter of Proprietorship
    • NTN or any Tax Documents to ascertain the length of employment
    • Professional Degree
    • Partnership Deed or another documents confirming the length & existence of partnership
    • AOP Certificate

    Private Limited

    Bank Statement
    Required

    12 Months Bank Statement (Should be signed & Stamp) Along with Account Maintenance Certificate (If Required)

    CNIC
    Required

    verified copy

    Proof Of Business
    Required
    • Letter of Proprietorship
    • NTN or any Tax Documents to ascertain the length of employment
    • Professional Degree
    • Partnership Deed or another documents confirming the length & existence of partnership
    • AOP Certificate

    Global Travel Assistance

    Benefits
    Offered

    Visa Global offers
    International Discount offers available on Silkbank Credit Cards in conjunction with VISA

    Assistance
    Offered
    Other
    Offered

    per request - Emergency cash disbursement


    Travel Insurance

    Subsidized Travel Insurance
    Not offered
    Complimentary Travel Insurance
    Not offered
    Other Insurance Benefits
    A variety of subsidized health & life coverage offers

    Lounge Access

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

    Priority Pass

    Joining Fee
    No Joining Fee
    Usage Fee
    PKR 35

    for the cardholder & each accompanying guest

    Other Fee
    PKR 2,000

    Renewal fee


    Salient Benefits

    1
    Design your own card

    Design my Card
    Personalize your Silkbank Credit Card with an image of your choice

    2
    Longest tenure of 0% APR for Balance transfers
    3
    Not indicated

    Discounts

    Vendors
    150+


    Discount offers at over 150+ leading merchants in Pakistan on categories of Lifestyles and Dining


  • Silk Bank Platinum Credit Card

    Silk Bank Platinum Credit Card

    3.50 %
    2.75 %
    NIL

    Benefits

    • Earn Cash Back of upto 0.5% on retail transactions
    • Discount offers at over 150+ leading merchants in Pakistan on categories of Lifestyles/Dining and International Discounts in conjunction with Visa
    • Personalize your Silkbank Credit Card with an image of your choice
    • Equal Monthly Installment Plans (PO, BT, Alliances & Retail Outstanding) with tenor ranging from 3 - 60 months. Avail up to 50% of credit limit in form of installment plan

    Be Aware of

    • Now transfer your current credit card balance to your Silkbank Credit Card - at ZERO% Mark-up for 12 months.  Only on Cards applied under 0% APR category
    • Silkbank Credit Cards now powered by Verified by VISA (VBV) provide you with an extra layer of security when you conduct online transactions
    • Free Credit up to 51 days
    • EMV Chip Technology

    Rates

    Monthly APR
    3.50 %

    42% per annum

    Cash Advance
    3.50 %

    42% per annum

    Monthly BTF Rate
    2.75 %

    33% per annum


    Annual Fees

    Annual Fee
    NIL


    Currently no fee is being charged. The bank may charge this fee in the future. However, customers will be informed prior to levy of this fee."
     

    Supplementary Card Fees

    Currently no fee is being charged. The bank may charge this fee in the future. However, customers will be informed prior to levy of this fee."
     

    Chip Maintenance Fee
    PKR 2,000 Reversible

    Rs. 2,000/- (Basic), Rs. 1,000/- (Supplementary)
    For fee reversal, spend Rs. 15,000/- in 60 days from statement billing date
     


    Other Fees

    Cash Advance Fee
    PKR 1,000

     3% of withdrawn amount (whichever is higher)

    Foreign transaction Fee
    4 %

    of the transaction amount

    Late Payment Fee
    PKR 2,000

    10% of the minimum due amount or Rs.2,000  whichever is higher

    Overlimit Fee
    PKR 2,000

    Interest Free Period

    Not indicated

    SMS Alert Fee

    PKR 125 per month


    SMS alerts including transactions (retail/cash advance) alerts, statement alerts, payment reminders and birthday alerts.
     


    BTF Fees

    Processing Fee

    Local Spend

    Cash Back
    0.25 %


    0.25% cashback on local retail transactions

    Reward Point
    -
    Airmiles
    -

    International Spend

    Int. Cash Back
    0.5 %

    0.5% cashback on International retail transactions
     

    Int. Reward Point
    -
    Int. Airmiles
    -

    Grocery Spend

    Cash Back

    0.5% cashback on International retail transactions
    0.25% cashback on local retail transactions

    Reward Point
    -
    Airmiles
    -

    Fuel Spend

    Cash Back

    0.5% cashback on International retail transactions
    0.25% cashback on local retail transactions

    Reward Point
    -
    Airmiles
    -

    Minimum Monthly Income

    Salaried
    PKR 45,000
    Self Employed
    PKR 300,000

    Minimum Age

    Salaried
    21 Years
    Self Employed
    21 Years

    Salaried Individual

    Bank Statement

    6 Months Bank Statement (Should be signed & Stamp) Along with Account Maintenance Certificate (If Required)

    CNIC
    Required

    verified copy

    Salary Slip
    Required

    verified copy

     


    Self Employed Professional

    Bank Statement
    Required

    12 Months Bank Statement (Should be signed & Stamp) Along with Account Maintenance Certificate (If Required)

    CNIC
    Required

    verified copy

    Proof of Business
    Required
    • Letter of Proprietorship
    • NTN or any Tax Documents to ascertain the length of employment
    • Professional Degree
    • Partnership Deed or another documents confirming the length & existence of partnership
    • AOP Certificate

    Sole Proprietor

    Bank Statement
    Required

    12 Months Bank Statement (Should be signed & Stamp) Along with Account Maintenance Certificate (If Required)

    CNIC
    Required

    verified copy

    Proof Of Business
    Required
    • Letter of Proprietorship
    • NTN or any Tax Documents to ascertain the length of employment
    • Professional Degree
    • Partnership Deed or another documents confirming the length & existence of partnership
    • AOP Certificate

    Partnership

    Bank Statement
    Required

    12 months of business account

    CNIC
    Required

    verified copy

    Proof Of Business
    Required
    • Letter of Proprietorship
    • NTN or any Tax Documents to ascertain the length of employment
    • Professional Degree
    • Partnership Deed or another documents confirming the length & existence of partnership
    • AOP Certificate

    Private Limited

    Bank Statement
    Required

    12 months of business account

    CNIC
    Required

    verified copy

    Proof Of Business
    Required
    • Letter of Proprietorship
    • NTN or any Tax Documents to ascertain the length of employment
    • Professional Degree
    • Partnership Deed or another documents confirming the length & existence of partnership
    • AOP Certificate

    Global Travel Assistance

    Benefits
    Offered

    Visa Global offers
    International Discount offers available on Silkbank Credit Cards in conjunction with VISA

    Assistance
    Offered
    Other
    Offered

    per request - Emergency cash disbursement


    Travel Insurance

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

    A variety of subsidized health and life coverage offers


    Lounge Access

    Domestic Lounge Access
    offered

    CIP loung is offered to Platinum customer in KHI, LHR, ISB

    International Lounge Access
    offered
    Other Travel Benefits
    offered

    Priority Pass

    Joining Fee
    Complimentary
    Usage Fee
    USD 35 per visit

    for the cardholder & each accompanying guest

    Other Fee
    PKR 2,000

    Renewal fee


    Salient Benefits

    1
    Design my Card


    Personalize your Silkbank Credit Card with an image of your choice

    2
    Joining fee for Priority pass is waived
    3

    Discounts

    Vendors
    150+


    Discount offers at over 150+ leading merchants in Pakistan on categories of Lifestyles and Dining



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Love Those Discount Deals? Find The Card With The Most Offers

Who doesn't love a discount when they are dining at their favorite restaurant or shopping at a popular store. Whether you are someone who loves shopping, dining, or relaxing; it is important to have a card that aligns itself to your preferences.  Since this can be an important factor in determining the card you select, we have created a data base of cards with the hottest discounts.

 

Absolutely! Availing a discount offered on your card does not in any way prevent you from the other benefits such as reward points, air miles, cash back.

Every discount offered by the card issuer comes with its own validity and conditions. Discounts can be as short as one day to as long as 1 year or longer.  It is important to read through the card collateral to stay on top of the information regarding deals and discounts.  Usually banks will offer ample notification through the monthly statements sent to you to keep you updated about developments regarding their deals and discounts.

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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