Cards

Visa Infinite

April 26, 2018
Product Team
491 views

Description The Visa Infinite is the highest card in the Visa range of card products targeted at the top 1% to 5% of the banks customers. In addition to the credit limit availed, it also offers access

Visa Infinite
Tags:
Credit Card Debit Card

Description


The Visa Infinite card is a premium product offering exclusive benefits and privileges.


In addition to the credit limit, it offers access to distinctive travel, dining, shopping, and lifestyle opportunities.


Visa Infinite Card request is by invitation.



Features



  1. Default credit limit: $15,000 minimum

  2. Maximum facility tenor of 36 months

  3. Billing cycle of 30 days

  4. Collateral: 120% of credit limit on a Fixed Deposit Account

  5. Minimum operating Balance of $100



Benefits



  1. Access to unique privileges and experiences

  2. Guaranteed transactions success rates and acceptance

  3. Interest-free period of up to 45 days

  4. Flexible repayment options

  5. Access to international emergency services

  6. Emergency card replacement

  7. Emergency cash Advance



How to Apply?


To apply for the Visa Infinite Card, visit any branch or talk to customer care.



Card Type


The Visa Infinite card is available as both a Credit Card and Debit card.


For Credit Card variant, collateral is required.


For Debit Card variant, clients can fund their card account as needed.



Target Market



  1. Owners/MDs of organizations and conglomerates

  2. High Net Worth Individuals

  3. Ultra-high net worth individuals



Fees



  1. Card Joining/Reissuance Fee: $3

  2. Supplementary card fee: $3

  3. Annual Maintenance Fee: $10

  4. Annual Membership fee: $200

  5. Interest Fees: 3% flat

  6. Default Fee: 0.25% flat per month

  7. Card Replacement Fee: $3

  8. ATM Withdrawal Fee: $5 per transaction



Lien on Account


A lien of 120% will be placed on the account to secure the funds.



Daily Usage Limits



  1. ATM cash withdrawals: $1,000

  2. Purchases (POS): $25,000

  3. Purchases (Internet): $25,000



Card Collection


For local branches, the card will be ready for collection 2 business days after application.


For upcountry branches, the card will be ready for collection 5 business days after application.

Description

The Visa Infinite card is a premium product offering exclusive benefits and privileges.

In addition to the credit limit, it offers access to distinctive travel, dining, shopping, and lifestyle opportunities.

Visa Infinite Card request is by invitation.

Features


  1. Default credit limit: $15,000 minimum

  2. Maximum facility tenor of 36 months

  3. Billing cycle of 30 days

  4. Collateral: 120% of credit limit on a Fixed Deposit Account

  5. Minimum operating Balance of $100

Benefits


  1. Access to unique privileges and experiences

  2. Guaranteed transactions success rates and acceptance

  3. Interest-free period of up to 45 days

  4. Flexible repayment options

  5. Access to international emergency services

  6. Emergency card replacement

  7. Emergency cash Advance

How to Apply?

To apply for the Visa Infinite Card, visit any branch or talk to customer care.

Card Type

The Visa Infinite card is available as both a Credit Card and Debit card.

For Credit Card variant, collateral is required.

For Debit Card variant, clients can fund their card account as needed.

Target Market


  1. Owners/MDs of organizations and conglomerates

  2. High Net Worth Individuals

  3. Ultra-high net worth individuals

Fees


  1. Card Joining/Reissuance Fee: $3

  2. Supplementary card fee: $3

  3. Annual Maintenance Fee: $10

  4. Annual Membership fee: $200

  5. Interest Fees: 3% flat

  6. Default Fee: 0.25% flat per month

  7. Card Replacement Fee: $3

  8. ATM Withdrawal Fee: $5 per transaction

Lien on Account

A lien of 120% will be placed on the account to secure the funds.

Daily Usage Limits


  1. ATM cash withdrawals: $1,000

  2. Purchases (POS): $25,000

  3. Purchases (Internet): $25,000

Card Collection

For local branches, the card will be ready for collection 2 business days after application.

For upcountry branches, the card will be ready for collection 5 business days after application.

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