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Benefits With Meghna Bank's Credit Cards

Introducing Meghna Bank Limited (MGBL) credit cards, the first of its kind, a complete Credit Card with every benefit possible, and still offering you something extra. At work or leisure, experience the convenience of a Card that does everything with style and honesty. We understand the value of your money. That is why we aim to give you the highest benefit at a minimum cost. Let's see below what are the common benefits of the cards.

Renewal Fees
MGBL Gold Cards come with an unique offer where you do not need to pay the Renewal Fee if you transact for 15 times in a year. This gives you the opportunity to save by using the card more.

Balance Transfer Facility
Option to transfer/ take-over other Bank's Credit Card current outstanding balance at interest rate of 18% per annum with zero processing charge.

Protector Plus Benefits
Risk Assurance Program is a Double Benefit Insurance Plan for the MGBL Credit Cardholders. The entire dues on the credit card will be waived in the event of death or permanent total disability of MGBL credit cardholder and the cardholder or his/ her family will receive equal amount to meet immediate expenses - under Risk Assurance Program. Very nominal charge will be applicable for this coverage. This will be an optional feature.

Card EMI Plan
Card EMI Plan converts any retail purchase transaction into an installment scheme. The EMI Plan will have the following features:
» Interest Rate: 18% per annum.
» Installment Tenure: 6, 12, 18 or 24 months.
» Minimum Transaction amount eligible for EMI: BDT 5,000.00.

Free Card Chequebook
MGBL Credit Card comes with a free Chequebook. You can use the cheques where Cards are not accepted or if you want to do your regular cheque-type transactions (A/C Payee only). The first cheque book is free and bundled in your welcome pack.

Auto Bills pay
Various Utility Bills can be paid with MGBL Credit Card, i.e., Electricity Bills, Mobile Phone Bills, Internet Bills, Bills of various Clubs, Schools Fees etc. Cardholder can authorize to pay all these bills directly from their Credit Card every month through the Auto Bills pay.

50 Days Interest Free Period
MGBL Credit Cards offer 50 days maximum interest free period. No matter what your previous month balance was- every purchase transaction in POS or cheque is considered for interest free period of maximum 50 days and minimum 15 days.

360° Rewards
It's a loyalty programme that rewards the usage of MGBL VISA Credit Card. Every BDT 50.00 or USD 1.00 (for International Credit Card in US Dollar) spent on Credit Card earns 1 Reward Point; and VISA Signature Credit Card users will earn 2 Reward Points for every BDT 50.00. Reward Points from usage by Supplementary Cardholder are accumulated as a combined effort.

InstaBuys
InstaBuys is an installment plan that allows converting any retail purchase over BDT 5,000.00 made by MGBL VISA Credit Card into an installment scheme. Cardholders can payback the amount in Equal Monthly Installments (EMIs) over a tenor ranging between 3 to 24 months at a flat interest rate of 18% per annum.

Transaction Alert
Whenever you use MGBL Credit Card, a system generated SMS will reach you in your mobile phone stating your usages, date and time. This gives you complete control over your card usage. Peace of mind- as you can be assured of knowing any transaction that happens in your card.

Online Banking
Online Banking service allows to bank from anywhere, anytime with total security and confidentiality. Cardholder can access to Online Banking from anywhere in the world to know details of his/ her Credit Card Statement, Transactions, Balance, Outstanding, Payment Due, Payment Dates etc.

E-statement
E-statement is a fast and reliable way for receiving Credit Card's monthly statements at Cardholders' e-mail address absolutely FREE! Cardholder can choose up to 3 e-mail addresses to access his/ her financial information on the net.

Discount Facilities
MGBL Credit Cardholders will enjoy various discount facilities at designated Restaurants, Hotels, Retail Shops, Super Shops/ Malls etc. upon bilateral arrangements.

24-hour Contact Centre
MGBL Contact Centre is accessible in 24 hours a day, 7 days a week, 365 days a year, from anywhere in the world, which is designed to provide one stop solution for cardholders banking needs.

Free Supplementary Card
MGBL Silver cardholders will get the four supplementary cards absolutely free. Cardholders can preset monthly limit of the supplementary cardholders as a percentage of their approved limit or any amount accommodated within the approved limit. This is easy expense management for your family members.

Auto Debit Facility
If you have an account with any Meghna Bank branch, you have the option of making the payment of your monthly credit statement (either the minimum amount due or the total amount due) directly through your bank account.

Immediate Cash Advance
Withdraw cash up to 60% of your total credit limit 24-hours a day from any MGBL ATM or any Q-Cash and VISA ATMs across the country.

Convenient Payment Option
When you receive your bill, you need not pay the entire bill amount. You have the flexibility of selecting any of the following payment options:
» Pay the total amount due.
» Pay only the minimum amount due (5% of your total outstanding or BDT 500.00 whichever is higher for local card and for Dual card 5% of your total outstanding or USD 10.00 whichever is higher) and the balance can be carried forward to subsequent statements.

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Posted on 24 September 2017

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