Introduction:

Credit cards are the current asset that gives individuals financial freedom to allow the holder to purchase goods or services on credit. Customers in Pakistan can choose between various credit cards offered by banking service providers. Above 18 Banks offer credit cards services in Pakistan.

Best Credit Cards in Pakistan

These Banking services providers offer credit limits, reward points, discounts, annual fees, and interest rates depending on the credit card type. In this blog, we will educate you about the best credit card in Pakistan.

Credit Cards:

Credit cards are thin rectangular pieces of plastic or metal issued by financial companies or banks introduced in 1950. These cards offer cardholders to borrow credit from authorized merchants or banks on applicable interest. These interest charges are imposed after one month of the purchase, and 0% APR is followed till the unpaid balance is settled.

Best Credit Cards in Pakistan

Types of Credit Cards:

Following are the types of credit cards introduced all over the world:

  • Rewards credit cards
  • Cashback credit cards
  • Travel credit cards
  • Business credit cards
  • Student credit cards
  • Secured credit cards
  • Store credit cards
  • Co-branded credit cards
  • Balance transfer credit cards

Famous Companies offering Credit Cards:

Following are the four major companies offering credit card services worldwide:

Best Credit Cards in Pakistan

  • Visa Card
  • Mastercard
  • Discover Card
  • American Express

Requirements to apply for a Credit Card in Pakistan:

Following are the step to follow while applying for a credit card in Pakistan:

  • Proof of income
  • Copy of a recent utility bill
  • Copy of Form-B or Birth Certificate (for minors)
  • Original CNIC or NICOP (for overseas Pakistanis)
  • Student ID card and proof of income of the guardian (for students)

List of Banks issuing Credit Cards in Pakistan:

Following is the list of major banks issuing credit cards in Pakistan:

  1. JS Bank
  2. NIB Bank
  3. Silk Bank
  4. Soneri Bank
  5. Samba Bank
  6. Allied Bank
  7. Askari Bank
  8. Faysal Bank
  9. Summit Bank
  10. Alfalah Bank
  11. Bank Al-Habib
  12. MCB Bank Limited
  13. Habib Bank Limited
  14. United Bank Limited
  15. Habib Metropolitan Bank
  16. Standard Chartered Bank

5 best Credit Cards in Pakistan:

There are several banking service providers giving credit card services in Pakistan. These cards allow cardholder credit from authorized financers or banks to shop online, pay bills, travel freely, and have financial freedom.

Best Credit Cards in Pakistan

Following are the 5 best Credit Cards in Pakistan:

Standard Charted Bank:

Standard Chartered Bank is an international bank service provider. The Charted Bank is one of Pakistan’s best credit cards service providers. The service offers credit cards at the minimum annual income requirement of Rs. 300,000/-

Best Credit Cards in Pakistan

The credit card features access to the flight reservation, pre-trip services, hotel reservations. It also offers benefits like reward points, cashback, discounts, and monthly offers.

Standard Chartered Bank Credit Cards:

Following are the credit cards offered by Standard Chartered Bank:

  • Easy Credit Card
  • World Miles Credit Card
  • Visa Platinum Credit Card
  • Master Card Titanium Credit Card

Askari Bank:

Askari Bank is another famous bank providing credit card services in Pakistan. The credit cards services of Askari banks offer the best services with the most flexible credit payment plan. The minimum age of 21 Years to 23 Years, and the minimum annual is between Rs. 30,000/- to Rs. 200,000/- with 70% cash advance facility.

Best Credit Cards in Pakistan

Benefits:

  • Fraudulent charges entitle to Zero loss liability
  • Life uncertainty events entitle to insurance
  • 6 supplementary cards for cardholder kin

Askari Bank Credit Cards:

Following are the credit cards offered by Askari Bank:

  • Askari MasterCard
  • Askari World Master Card Credit Card

Habib Bank Limited (HBL):

Habib Bank Limited (HBL) is Pakistan’s largest banking services provider founded in the 1940s. HBL has more than 1700 branches spread over four continents, including over 25 countries.

Best Credit Cards in Pakistan

Benefits:

  • Discount up to 10-25% at retail outlets, restaurants, and dining facilities
  • 1 reward point on Rs 25 spending
  • Fraudulent charges entitle to zero loss liability
  • Life uncertainty events entitle to insurance
  • 6 supplementary cards for cardholder kin

HBL Credit Cards:

Following are the credit cards offered by HBL:

  • HBL Platinum Credit Card
  • HBL Fuel Saver Credit Card
  • HBL Gold & Green Credit Card

Alfalah Bank:

Bank Alfalah Limited is a Dubai-based banking service provider that works as a private bank in Pakistan. The banking service provider is Pakistan’s sixth-largest bank, having approximately 648 branches in 170 locations across the country and abroad.

Benefits:

  • 20% discount on dining and lifestyle items
  • 100 bonus rewards on card activation
  • Rs 50 and earns 0.25 orbit rewards
  • fraudulent charges mean zero loss liability
  • 6 supplementary cards for cardholder kin

Alfalah Bank Credit Cards:

Following are the credit cards offered by Alfalah Bank:

  • Alfalah Titanium MasterCard
  • Alfalah Platinum Visa Credit Card
  • Alfalah VISA Gold & Classic Credit Cards

Allied Bank Credit Card:

Allied Bank Limited is a part of the Ibrahim Group. The company is Pakistan’s fifth-largest financial institution. Allied Bank’s headquarter is situated in Lahore. It is among its largest banks, with over 1400 branches and ATMs.

Best Credit Cards in Pakistan

Benefits:

  • 2.17% BTF rates monthly
  • Cash advance limit of up to 50%
  • 30% discounts all across Pakistan
  • Easy installments for repaying credit
  • 2 supplementary cards cardholder kin

Allied Bank Credit Cards:

Following are the credit cards offered by Allied Bank:

  • Allied Visa Credit Card
  • Allied Cash Shop Visa Debit Card

Frequently Asked Questions (FAQs):

Following are the FAQs asked about Best Credit Cards in Pakistan:

Q1: Who is eligible to apply for a credit card in Pakistan?

Ans: The participant with a monthly income above PKR 50,000/- (every bank`s policy may differ regarding minimum amount) with an age limit between 21 years OR 25 is eligible to apply for a credit card in Pakistan.

Q2: Is Discover accepted in Pakistan?

Ans: No, Discover cards have not been launched in Pakistan yet.

Q3: Is Master Card accepted in Pakistan?

Ans: Yes, Visa is the most widely accepted credit card payment method in Pakistan.

Q4: Is American Express accepted in Pakistan?

Ans:  Yes, the American Express credit card is widely accepted in Pakistan.

Q5: Which credit card is issued in Pakistan?

Ans: Following are the 5 best-ranked credit cards in Pakistan:

  • Standard Chartered Bank
  • Askari Bank
  • Habib Bank Limited (HBL)
  • Alfalah Bank
  • Allied Bank

Conclusion:

A credit card is a payment method that allows customers to pay a merchant for goods and services based on their current balance. Consumers in Pakistan can choose between a wide range of credit cards their banks offer, with over 18 banks offering outstanding credit card services.

In this blog, we provided sufficient details to choose the best credit cards in Pakistan. For more details, please visit Business World. Some of our other informative blogs are NADRA FBR Verification Portal and Exploring the Famous Deserts of Pakistan.