Schedule of Charges for Credit Cards
Schedule of Charges for Credit Cards
Effective from July 16, 2019
Dual Currency Credit Card Corporate International Credit Card
Infinite Signature Platinum Gold Classic Corporate Platinum RFCD Signature ERQ Platinum
Annual Fee-Primary Card TK. 25,000 TK. 10,000 TK. 5,000 TK. 3,000 TK. 1,500 TK. 2,500 US$ 100 US$ 60
Annual Fee-1st Supplementary Card Free Free Free Free Free - Free -
Annual Fee-2nd Supplementary Card Free Free TK. 2,500 TK. 1,500 TK. 750 - US$ 50 -
Card Replacement Fee Free TK. 800 TK. 700 TK. 500 TK. 500 TK. 700 US$ 10 US$ 10
PIN Replacement Fee Free TK. 500 TK. 500 TK. 300 TK. 300 TK. 500 US$ 5 US$ 5
Annual Interest Rate 27% 27% 27% 27% 27% 27% 27% 27%
Cash Advance Fee 3% or TK. 500 whichever is higher 2.5% or TK. 150 whichever is higher 2.5% or TK. 150 whichever is higher 2.5% or TK. 150 whichever is higher 2.5% or TK. 150 whichever is higher 2.5% or TK. 150 whichever is higher 3% or US$ 5 whichever is higher 3% or US$ 5 whichever is higher
Late Payment Charges (if minimum due is not paid within due date) Free TK. 1,000 TK. 600 TK. 600 TK. 500 TK. 600 US$ 15 US$ 15
Over Limit Charges Free TK. 1,000 TK. 800 TK. 800 TK. 500 TK. 800 US$ 15 US$ 15
Return Cheque Charges (For payment) Free TK. 500 TK. 500 TK. 500 TK. 500 TK. 500 US$ 5 US$ 5
Copy of Sales Voucher Free TK. 300 TK. 300 TK. 300 TK. 300 TK. 300 US$ 10 US$ 10
Duplicate Statement Free TK. 100 per month (last 2 months) TK. 100 per month (last 2 months) TK. 100 per month (last 2 months) TK. 100 per month (last 2 months) TK. 100 per month (last 2 months) US$ 2 US$ 2
Free TK. 200 per month (beyond last 2 months) TK. 200 per month (beyond last 2 months) TK. 200 per month (beyond last 2 months) TK. 200 per month (beyond last 2 months) TK. 200 per month (beyond last 2 months) US$ 2 US$ 2
Certificate Issuance Fee Free TK. 300 TK. 300 TK. 300 TK. 300 TK. 300 US$ 3 US$ 3
Balance Transfer Processing Fee (Only TK.) 3% or TK. 200 whichever is higher 2% or TK. 150 whichever is higher 2% or TK. 150 whichever is higher 2% or TK. 150 whichever is higher 2% or TK. 150 whichever is higher 2% or TK. 150 whichever is higher 2% or US$ 2 whichever is higher 2% or US$ 2 whichever is higher
e-statement Free Free Free Free Free Free Free Free
Printed Statement (Only for e-statement subscribers) Free TK. 50 for each statement TK. 50 for each statement TK. 50 for each statement TK. 50 for each statement TK. 50 for each statement US$ 2 US$ 2
CIB Fee TK. 100 TK. 100 TK. 100 TK. 100 TK. 100 TK. 100 US$ 2 US$ 2
Push-Pull SMS Service Free Free Free Free Free Free Free Free
Transaction Alert Service Free TK. 180 (per card) TK. 180 (per card) TK. 180 (per card) TK. 180 (per card) TK. 180 (per card) US$ 2 (per card) US$ 2 (per card)
1st Card Cheque Book Fee (15 leaves) Free Free Free Free Free Free - -
2nd Card Cheque Book and onwards Free TK. 200 TK. 200 TK. 200 TK. 200 TK. 200 - -
Card Cheque Processing Fee 3% or TK. 500 whichever is higher 2% or TK. 100 whichever is higher 2% or TK. 100 whichever is higher 2% or TK. 100 whichever is higher 2% or TK. 100 whichever is higher 2% or TK. 100 whichever is higher - -
Secured Card Pre-closure Fee (If card closed before 1st anniversary date) Free TK. 500 TK. 500 TK. 500 TK. 500 TK. 500 US$ 5 US$ 5
Early Settlement Fee (Applicable for [email protected] & Super Loan) 3% of remaining balance 2% of remaining balance 2% of remaining balance 2% of remaining balance 2% of remaining balance 2% of remaining balance 2% of remaining balance 2% of remaining balance
Super Loan Processing Fee 3% of loan amount 2% of loan amount 2% of loan amount 2% of loan amount 2% of loan amount 2% of loan amount - -
Priority Pass Membership Card Replacement Fee Free TK. 500 TK. 500 - - TK. 500 US$ 5 US$ 5
Priority Pass Lounge Visit Fee* US$ 27 (per visit per cardholder) US$ 27 (per visit per cardholder) US$ 27 (per visit per cardholder) - - US$ 27 (per visit per cardholder) US$ 27 (per visit per cardholder) US$ 27 (per visit per cardholder)
Higher Credit Limit Maintenance Fee Free TK. 1, 000 TK. 1, 000 TK. 1, 000 TK. 1, 000 TK. 1, 000 US$12 US$12
SI Execution Fail Fee (Due to I/F) Free TK. 100 TK. 100 TK. 100 TK. 100 TK. 100 US$ 2 US$ 2
Note:
  1. 15% VAT will be charged as applicable.

  2. In case of TARA Platinum Credit Card, annual fee for primary card is TK. 3,500 and the first supplementary card is free. An annual fee of TK. 1,750 will be charged for second supplementary card and onwards.

    TARA Platinum Credit Card Annual Fee of TK. 870+VAT will be applicable for the campaign period from July 2019 till February 2020. An annual fee of Tk. 870+VAT will be charged for second supplementary card and onwards. For the campaign period the TARA Platinum Credit Card Annual Fee waiver is applicable with 1,000 Reward Points per Card.

  3. For Gold and Classic Credit Card, annual fee will be zero from the second year onwards if total number of transaction is 18 or above over the year (including minimum 10 POS retail transactions) and minimum per transaction amount is BDT 1000. For all cards, the annual fee will be zero if customer requests for fee waiver with the required Reward Points. A cardholder needs to request for reversal of imposed annual fee by calling our 24-hour Call Center at 16221 or +880 2 55668056 if 18 transactions have been performed in case of Gold and Classic cards or required Reward Points are earned in case of all other cards.

  4. For Infinite Credit Card, 4 Supplementary Cards are free; TK. 25,000 is applicable from 5th Supplementary Card onwards. For Signature Credit Card, 2 Supplementary Cards are free; TK. 5,000 is applicable from 3rd Card and onwards.

  5. For RFCD Signature, Platinum, Gold and Classic Credit Cards, 1st Supplementary Card is free; fee is applicable to 2nd Supplementary Card and onwards.

  6. If you pay an amount less than the current balance of a specific month’s bill statement by the payment due date, interest will be accrued on the balance remaining after the Payment Due Date and will be posted in the next statement.

  7. All overseas transactions will be converted using VISA/Mastercard exchange rates. A foreign currency factor of 3% will be applied in case of overseas transactions when the transaction currency is non US$.

  8. Infinite Credit Cardholders will have Complimentary Access 10 times to Priority Pass Lounges for BASE Cardholder + 1 Companion + 2 Children under 12 years in a year. $27 per visit will be applicable after 10th visit per person.

  9. Priority Pass Lounge visit is complimentary for Primary Signature & RFCD Signature Credit Cardholder up to fifteen visits. However, the transaction cost is US$ 27 for primary Platinum, ERQ Platinum & Corporate Platinum Credit Cardholder and any accompanying guest with Signature Credit Cardholder or Platinum Credit Cardholder.

  10. Infinite, Signature & RFCD Credit Cardholders will have Complimentary year-round access of BASE Cardholder + 1 Companion + 2 Children under 12 years (Per Visit FREE) access to Balaka lounge at Hazrat Shahjalal International Airport, Dhaka.

  11. Platinum, ERQ Platinum & Corporate Platinum Credit Cardholders will have complimentary year-round access to Balaka Lounge at Hazrat Shahjalal International Airport, Dhaka.

  12. Charges for any customized service (available on request) are not included in this schedule. Thus additional charges may be imposed as required.

  13. Automatic enrollment will be made for Credit Shield, Push Pull SMS and Transaction Alert Service.

  14. SMS notification will be given against all BRAC Bank Credit Card transactions and accordingly transaction alert fee will be realized against this service.

  15. Any special promotional offers will be governed by those offers’ pricing guideline, which may be different from the above mentioned charges.

  16. The fees and charges are subject to change as per Bank policy / regulatory guideline.

  17. If closure request is placed within 30 days to the card renewal date then annual fee will be applicable.

  18. TK. 2,500 will be charged for video record checking at other bank ATMs upon cardholder’s request for any dispute.

  19. Card Department will determine the credit card type based on the credit limit assigned by Credit Department.

  20. Any fee imposed by other bank will be realized from the card account.

  21. Any change in the schedule of charges will be communicated through BRAC Bank website (www.bracbank.com).

  22. With BRAC Bank Credit Card EMI facility, you can purchase your desired products from any retail outlet in Bangladesh. The minimum purchase amount to avail BRAC Bank Credit Card agreement. EMI facility is TK. 10,000 and you can pay back with easy instalments at 14.99% interest rate only. Instalment tenure varies from 3 to 36 months.

  23. Interest rate for Super Loan facility is 9.90% ( Flat Interest Rate) per month.

  24. For Credit Cards issued under corporate or payroll agreements, the issuance/annual/renewal fee will be determined based on the agreed terms and conditions stated in each agreement.

  25. Bank reserves the right to waive any charges (up to 0%) at its discretion.

  26. Classic Carholders with Credit limit above TK. 1,00,000, Gold Cardholders with Credit limit TK. 2,00,000 and Platinum Cardholders with Credit Limit above TK. 5,00,000 will be charged Higher Credit Limit Maintenance Fee Anually on Card Anniversary Month of amount TK. 1,000.

  27. Cardholders will be charged 0.35% Credit Shield Fees against the statement balance as at the last statement date.

  28. Payment for RFCD Signature & ERQ Platinum Credit Card must be made in US$.

  29. Transaction Alert Service will be provided to all Credit Cardholders and the fees will be applicable for both Primary & Supplementary Cards separately. Fees will be imposed once per year per Card.