SIBL Credit Card
SIBL Credit Card:In today’s modern world credit card is very extensively used mode of financial transaction and it is widely known as “ Plastic Money”. It has created an immense impact in the life of the people all over the world.The same trend is being followed in Bangladesh too.Now a days the popularity of Islamic Credit Cards in Bangladesh is growing rapidly as a domestic and foreign banks are earning substantial profit through this product. An increased use of both local and dual currency Islamic Credit Card is taking place side by side with the expansion of personal banking services.
Objectives of SIBL Visa Islamic Credit Card:
- Introducing Shariah complaint Visa Card
- Creating product based brand image
- Capturing market share
- Increasing line of investment
- Generating revenue
Features of SIBL Visa Islamic Credit Card:
- Balance transfer facility
- Card cheque facility
- Fund transfer to account facility
- Safety net/insurance to cover debt
- Installment payment facility for specific transaction
- Dual currency card
- SMS facility
- Cash back facility
- Reward facility
- Discount facility
Types of Objectives of SIBL Visa Islamic Credit Card:
- Gold- Dual Currency
- Classic- Dual Currency
- Gold- Local Currency
- Classic- Local Currency
Categories of SIBL Visa Islamic Credit Card:
- Travel Quota
- Exporters Retention Quota
- Balance of RFCD account
- Other categories as per Bangladesh Bank Guideline
Target Customer:
- Salaried Group
- SIBL Employees
- Employees of other Banks & Financial Institute
- Employee of MNC
- School, College & University Teachers
- Doctors, Engineers etc
Self employed Group
- Existing valued customers of SIBL
- Directors of Banks, Insurances, and other Financial Institute
- Directors and Executives of export oriented garments and leather industries
- Members of renowned clubs and society
- Renowned businessmen in the society
- Members of Chambers of Commerce and Industries
Non Target Customer:
- Journalists
- Police
- Lawyers
- politicians
Required Documents:
- Application Form
- Photographs-Passport size
- TIN Certificate
- Bank Statement
- National ID
- Copy of valid Passport for Dual Currency card
- Salary Certificate for salaried personnel
- Trade License for Businessman
- Memorandum and Articles of Association for Ltd.company
- Copy of any utility bill as proof of residence
Age limit of Principal Applicant: 21 years to 65 years
Age limit of Suppl. Applicant: 18 years to 65 years
Minimum monthly Income: Tk.10,000.00
Maximum Limit in BDT: Tk. 5,00,000.00- without security
Tk. 20,00,000.00 – with security
Maximum Limit in USD
Under TQ : USD.5,000.00- for non SAARC countries
USD.1,500.00- for SAARC countries & Myanmar
Under RFCD : Lien on RFCD account
Under ERQ : Lien on ERQ account
Under Other categories: As per Bangladesh Bank Rules