• Balance Transfer Facility
   
• Global Acceptability
   
• Cash Advance Facility
   
• Revolving Credit
   
• Supplementary Cards
   
• Card Expiry Period
   
• 24-Hours Phone Banking Service
   
• Zero Loss Liability
   
• All Billing in Pak Rupees
   
• Comprehensive Travel Protection
   
• Statement of Account
   
• Fortunes
   
• Acceptance at 1Link ATMs
   
• Instant SBS Monthly Installment Plan
   
• Utility bill Payments
   
• Call and Pay Facility
   
• Prepaid Mobiles Top ups
   
• Alfalah Credit on Phone
   
• Credit Card bill Payment through HilalCard
   
• Special Offer on Warid post paid connection
   
• Step By Step Plan
   
• Non Alfalah Cardmembers
   
• Terms and Conditions

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Balance Transfer Facility

Bank Alfalah offers balance transfer facility to all its Cardmembers - the easy and convenient way to settle unsettled credit card payments on all existing credit cards in Pakistan. As an Alfalah VISA Cardmember you can avail balance transfer facility at a  low rate of only 2% (24% APR) per month (for initial six months), which is the lowest in Pakistan. The balance transfer facility can only be availed if the total outstanding balance does not exceed beyond the credit limit assigned by Bank Alfalah for Alfalah VISA card.

Avail balance transfer facility by filling out our Balance Transfer Facility Form. Print the form, fill out all the fields, sign it and send it to us through courier.

OR

Drop it in at  any of Bank Alfalah drop boxes available in all Bank Alfalah Branches. 

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Global Acceptability

Your Bank Alfalah VISA card is your partner everywhere and is globally accepted and welcomed at locations displaying the VISA logo. It is accepted at nearly 30 million locations in more than 200 countries around the globe and at over 27,000 establishments in Pakistan.

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Cash Advance Facility 50% Of Credit Limit

Now you can avail Cash Advance Facility up to 50% of your available credit limit. Enjoy the benefits of this exclusive offer on your Bank Alfalah Credit Cards. You can get cash from Alfalah ATMs or cash counters of Bank Alfalah branches and other VISA member banks in Pakistan.

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Revolving Credit

With Alfalah VISA you have the option of paying only 5% of your outstanding balance by the payment due date. Service charges will be levied on the balance unpaid spending and carried forward. These charges are calculated on a daily basis from the transaction date for all cash and retail transactions.  The following month you have the option of either the full amount payment or if you wish, pay only the minimum amount due and revolve again.

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Supplementary Cards

Gift your family members with exclusive Alfalah VISA supplementary cards and let them also enjoy the privileges of Alfalah VISA. Only Alfalah VISA gives you the unique feature  of having up to six free supplementary cards for anyone you care for.  All supplementary Cardmembers share your credit limit. All charges incurred on the supplementary cards will  be reported on your monthly statement.

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Card Expiry Period

Effective 7 June 2005, all VISA credit cards being issued by our Card Division will have an expiry of 3 years on them.

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24-Hours Phone Banking Service

Our well-trained and qualified phone banking team Is available to help you 24 hours a day. Just dial 111-225-111 for:
 

1. Activating your card
    
2. Answering your queries
    
3. Registering and resolving your complaints
    
4. Reporting a lost/stolen card

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Zero Loss Liability

If you ever lose your card, Bank Alfalah ensures that you never have to worry about it. You are covered for all fraudulent charges made on your card as soon as it has been reported lost to us. Just make sure that you report the lost card immediately upon discovery. You are completely secure against loss/theft after the card loss has been reported to us.

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All Billing in Pak Rupees

Whether you make transactions in Dollars or any other currency, for your convenience, all your billing will be in PAK Rupees.

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Comprehensive Travel Protection

Alfalah VISA offers a comprehensive cover up to Rs. 3.5 Million on Alfalah VISA Gold Card in case of an accident, while traveling on any common carrier. It is applicable only if the tickets are charged through Alfalah VISA card.  The details are given as follows:

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Statement of Account

For your convenience we give you a single glance, easy to manage monthly statement which contains the following:

1. Card Account Number.
    
2. Statement Date.
    
3. Page Count.
    
4. Transaction Description Indicating: The date of transactions made, Transaction reference, Name of merchant establishment, Amount charged and Currency type (If the transaction is made in any currency other than Pak Rupees ).
    
5. Credit Limit indicating: The total credit limit assigned to you for all your card accounts (principal and supplementary).
    
6. Payment Due Date: Indicating the date by which your payment should reach Bank Alfalah to avoid any late payment charges.
    
7. Current Balance: Indicating the total outstanding amount on your card account on the statement date.
    
8. Payment coupon: To be used for making payments.

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Fortunes

For every Rs. 50 you spend on your Alfalah VISA card, you will earn one fortune point. Your accumulated fortune points can be exchanged for a whole range of items displayed in our Fortunes Catalogue.. It offers a wide range of lifestyle categories always catering to you and your family's taste. Once you have accumulated enough points to redeem the  gift of your choice, fill out a simple form available at all Bank Alfalah branches or call our 24 hour phone banking service and order the item of your choice. The fortune items will be delivered at your doorstep.

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Acceptance at 1LINK ATMs

Avail Cash Advance upto 50% of your credit limit at over 3400 1Link ATMs in Pakistan in addition to over 1.5 million ATMs worldwide.

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Instant SBS Monthly Installment Plan

Bank Alfalah cardholders can convert any transaction of Rs. 3,000 or above into easy installments of 3,6,9,12,18,24,30 and 36 months’ tenures at the time of transaction.

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Utility bill Payments

Now Utility bill payments* can be made through Alfalah VISA credit cards either by calling Call Centre or through Direct Debit instructions. *Available on FESCO, LESCO, SSGC, SNGPL ,IESCO, HESCO, GEPCO, KESCO, PTCL, WARID, MEPCO & PESCO. Other companies will be added soon.

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Call and Pay Facility

Cardholders now have the convenience of using their cards to make payments even on locations where credit cards are not accepted by calling our 24 hours Call Center and getting pay orders issued to any third party through debit to Alfalah Visa Credit Card.

Prepaid Mobiles Top ups

Alfalah cardholders are also being provided the facility to get their prepaid mobile connections of any company topped up by just one call to 24 hours Call Center. Alfalah credit cardholders can also use their reward points to get the prepaid mobile top ups.

Alfalah Credit on Phone

Alfalah cardholders can call the Call Center and get credit upto 75% of their available credit limit assigned by Bank Alfalah or available credit limit whichever is lower at just 2.0% per month (24% APR). Payment of credit amount can be made to them through a cheque at the doorstep or directly into the account in Bank Alfalah.

Credit Card Bill Payment through Alfalah HilalCard

Now Bank Alfalah account holders can make their credit card bill payments through Alfalah HilalCard by using it on ATMs.

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Special Offer on Warid post paid connections

Warid post paid connections are being offered to Alfalah cardholders with exciting features.

Alfalah Cards SMS Facility

Alfalah cardholders can get SMS for card usage, mini statement, payment receipt confirmation, etc. A call can be made at 111-225-111 for registration

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Step By Step (SBS) Plan

Now you can convert any transaction amount of Rs. 3,000/- and above, to a Step-By-Step payment plan. It gives you the flexibility to convert your large payments into small equal monthly installments.

What Transaction can I Transfer to SBS?

• Retail Transactions (Domestic & International)
   
• Cash Transactions (Domestic & International)
   
• Balance Transfer Transactions

How Can I Apply?

It is a simple three-step process:

1. Fill in the SBS application form available at any of the Alfalah Branch or Cards Center (required only at the time of first transaction, when you apply for SBS plan.)
    
2. Call at 111-225-786 and book the transaction under SBS.
    
3. For normal SBS choose from 3, 6, 9, 12, 18, 24, 30, 36 months affordable payment plans. And for BTF to SBS choose from 6, 9, 12, 18, 24, 30, 36 months plans.

Calculation::
Calculate your monthly installment at only 21.0% p.a. by simply multiplying (*) the factor given below with the transaction amount. For BTF conversion to SBS, calculate monthly installment at only 11.88% p.a. by multiplying (*) the factor given below with the transaction amount.

Example:
On a transaction amount of Rs. 6,000/- the installment for 36 months is Rs. 271.68 p.m. (i.e. 6000 x 0.04528). For BTF transactions, monthly installment for same amount will be Rs. 226.20 p.m. (i.e 6000x0.0377) if applied within 10 days of BTF transaction.

Payments Plan	Normal SBS			BTF conversion to SBS
	Factor @ 1.75% p.m	APR	Monthly Installment (Rs.)	Factor @ 0.99% p.m	APR	Monthly Installment (Rs.)
03 months	0.35083	31.23%	2,104.98	N/A	17.73%	N/A
06 months	0.18417	35.15%	1,105.02	0.1766	20.09%	1,059.60
09 months	0.12861	36.36%	771.66	0.121	20.90%	726
12 months	0.10083	36.74%	604.98	0.0932	21.25%	559.2
18 months	0.07306	36.68%	438.36	0.0655	21.44%	393
24 months	0.05917	36.22%	355.02	0.0516	21.37%	309.6
30 months	0.05083	35.66%	304.98	0.0432	21.21%	259.2
36 months	0.04528	35.07%	271.68	0.0377	21.01%	226.2

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NON ALFALAH CARDMEMBERS

If you are currently not a member of the esteemed Alfalah VISA Cardmember family,  then please call our 24-Hour Phone Banking Service at 111-225-111 or visit the nearest bank Alfalah branch.

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Terms and Conditions

These terms and conditions shall be applicable to Terms and Conditionsy person who has been issued a credit card by Bank Alfalah and who has signed at the back of the Card and/or has used the Card shall be bound by these terms and conditions.

1. Definitions

Please review the website intended for card use before entering card details as Virtual Card should not be used on internet sites where physical card verification is required at the time of delivery/check-in. You can call our 24 hours number 111-225-786 to activate your physical card for a limited time of your choice for such transactions. Bank Alfalah does not undertake any liability for any unauthorized transactions on any card activated for internet usage. Customer will be liable in case of dispute/compromise of information and any loss/damages which arise in this regard.

2. Collection of the card

3. Restriction in use of the Card/Cardmember particulars

-   for Card Transaction authorized by the Bank

-   to obtain the facilities, benefits and services made available by the Bank or any Merchant from time to time,   and

-   within the Credit Limit permitted by the Bank unless the Bank's prior approval is obtained

A. His/her intention to reside outside Pakistan

B.       Any change in the Cardmember’s particulars or other information including the Cardmember’s residential or office address or in his employment or his/her position with his/her employer, as the case may be.

3.5)  A. Neither the cardmember nor the Supplementary/Virtual cardmember shall use the Card for any purpose or transaction prohibited by law which shall include without limitation gambling and the Bank in its sole discretion may decline such transactions which shall without limitation include transactions carried out through the Internet or any other way. If in defiance of this clause the Cardmember gives/uses his Card number on the Internet then the cardmember shall reimburse the bank for full amount of any loss, damage or expense incurred by the bank.

B.       In the event that the Cardmember or a Supplementary/Virtual cardmember uses the card for any purpose or transaction prohibited by law as indicated in clause 3.5 A. above, then the Cardmember or the Supplementary/Virtual Cardmember, as the case may be, who used the card for any purpose or transaction prohibited by law shall be fully responsible/liable under the law for using the Card for such purpose or transaction. The Bank shall have no liability/responsibility of whatsoever nature and howsoever arising on account of the card being used for a purpose/transaction prohibited by law. In the event that the bank shall incur any loss, damage or expense as a result of such usage, then the Cardmember and/or the Supplementary/Virtual Cardmember shall immediately reimburse the bank for the full amount of the aforesaid loss, damage or expense.

4. The Card Account

4.5.6) All the account(s) opened by the Cardmember shall be governed by the terms hereof.

5. Payment

5.2) If the Cardmember fails to pay the Minimum Payment Amount in any previous Statement of Account by the Payment Due Date stated therein, then and without prejudice to the Bank's rights and remedies, the Cardmember shall pay to the Bank, in addition to paying the applicable Minimum Payment Amount for the Current Statement of Account, all arrears in the Minimum Payment Amount payable for earlier periods, and any and all delayed payments, Cash Advance or other fees relating thereto and all other applicable costs and expenses by the Payment Due Date specified in the Current Statement of Account. In the event the Cardmember exceeds the Credit Limit without the Bank's prior written approval, the Cardmember will pay, on demand or within the period as specified by the bank, such unauthorized excess over the Credit Limit together with any costs and expenses in relation thereto.

5.3) All payments to be made by the Cardmember shall be in rupees. Accordingly for non Rupee Charges payable by the Cardmember the Cardmember hereby irrevocably authorizes the Bank to effect debit to the Foreign Currency Account of the Cardmember maintained for this purpose with the Bank and to appropriate the proceeds therein and/or to take such further action whatsoever as the Bank deem appropriate or necessary to fund such account for and on behalf of the Cardmember by way of purchase of foreign currency from authorized money changers and/or Foreign Exchange Bearer Certificates and/or equivalent currency exchange instruments as allowed by law and accordingly debit the relevant local currency account of the Cardmember opened pursuant to Clause 4.5 or otherwise (at the sole risk cost and expense of the Cardmember) in order to recover all outstanding non-Rupee Charges and Liabilities and all costs and expenses incurred in connection therewith. In the event the Government of Pakistan declines to permit continued convertibility of Rupee currency through the services of authorized money changers by way of Foreign Exchange Bearer Certificates at any time, the Cardmember agrees to make payment to the Bank in Rupees of all non-Rupee Charges converted at such rate of  exchanges as the Bank shall specify for this purpose.

5.4) The Bank shall charge the Cardmember and debit to the Card Account a Handling fee of Rs. 800/- or such other sum as the Bank may impose from time to time, if any cheque or other payment order issued by the Cardmember or Supplementary/Virtual Cardmember or any other party to the Bank in order to make payments for current or other Statement of Account is not honoured for payment for any reason whatsoever. However, payment of handling fee by the Cardmember will not discharge him/her from the liability under the law for dishonour of the cheque issued by him/her.

5.5) All payments received by the Bank from the Cardmember may be applied in and towards payments of unpaid fees, Cash Advances, Charges, Liabilities and other costs and expenses in previous or current Statement of Account in such order of priority as the Bank may deem fit, and all payments and credits shall, unless otherwise decided by the Bank, be applied by the Bank first to the outstanding amount that has been billed to the Card Account for the longest period of time.

5.6) The Bank's right against the Cardmember and/or the Supplementary/ Virtual Cardmember shall not be determined, affected or prejudiced by, and all amounts payable to the Bank, actual or contingent, shall immediately become due or payable upon the death, insolvency or insanity of the Cardmember and/or Supplementary/Virtual Cardmember, shall immediately cease to be valid, and their heirs, executors, receivers, etc., shall return to the Bank all Cards cut into two vertical halves and make full payment as required to the Bank.

5.7) The Bank shall be entitled at its absolute discretion, to demand return of the Card and/or immediate payment of all amounts outstanding under the Card Account at any time without giving any reason or notice and without any liability to the Cardmember, and notwithstanding that the Cardmember may not be in default of these Terms and Conditions.

5.8) The Bank shall only credit the Card Account with a refund in respect of a Card Transaction in accordance with its usual practice if and when the Bank receives such refund in Pakistan. Any refund, payment or credit to the Card Account shall not be remitted to the Cardmember but shall be applied towards the reduction of the Cardmember’s Charges or other Liabilities incurred or debited to the Card Account.

5.9) In the event of an attachment order over the Cardmember's assets being issued, the insolvency or death, or upon demand by the Bank for any reason whatsoever, or in the case of breach of these conditions, the Cardmember shall settle his/her debit balances immediately. This commitment shall bind heirs and successors without any objection or challenge.

6. Cash advance

7. Security

9. PIN

-    the PIN may be sent by post to the Cardmember and/or Supplementary/ Virtual Cardmember at his/her risk; or

-    the Cardmember may use Bank Alfalah’s Interactive Voice Response (IVR) service by calling 111-225-111 to get ATM PIN;

-    the Cardmember and/or Supplementary/Virtual Cardmember shall not disclose the PIN to any person and shall take every reasonable precaution to prevent disclosure of the PIN to any person; and

-    subject to Clause 10.2 the Cardmember shall be fully liable to the Bank for all Card Transactions made with the PIN whether with or without the knowledge of the Cardmember and/or the Supplementary/Virtual Cardmember.

10. Loss of card/disclosure of PIN

11. Termination

12. Exemption: Exclusion

13. Variation of terms

13.2) Retention by the Cardmember of the Card after the Cardmember's receipt of any changes in these Terms and Conditions pursuant to Clause 13.1 shall constitute notice of the Cardmember's acceptance of such amended Terms and Conditions without reservation. In the event of Cardmember non-acceptance of such Terms and Conditions as amended, the Cardmember must immediately terminate the use of the Card in accordance with Clause 11.1 and 11.2 otherwise the changed Terms and Conditions will continue to apply.

14. Disclosure

The Cardmember hereby irrevocably authorizes the Bank to disclose information relating to the Card Account, the use or the Card, the particulars and financial affairs of the Cardmember to any Merchant, bank, financial institution or any of the Bank's branches and related or affiliated concerns or any member of the International VISA network or to any person or concern or authority or consumer credit bureau as the Bank may, in its sole discretion, deem appropriate.   

15. Notices

15.1) All Cards, PINS, notices, Statements of Account, demands or any other communications under these Terms and Conditions (hereinafter collectively called "Communications") may be delivered personally or by courier or be sent by ordinary post to the last known billing or other address of the Cardmember and such Communications shall be deemed to have been served on the Cardmember on the day of delivery, if delivered by hand and on the next business day after posting, if sent by courier or by ordinary post. All Communications under these Terms and Conditions sent to the Cardmember shall be deemed to be Communications sent also to the Supplementary/ Virtual Cardmember.

15.2) Any notice to be given by the Cardmember or the Supplementary/ Virtual Cardmember to the Bank under these Terms and Conditions shall be given by registered post/courier/by hand with acknowledgment due.

15.3) Notwithstanding the aforesaid, the Bank shall be entitled at its absolute discretion to rely and act on any notices, requests or instructions which are or purport to be from or given on behalf of the Cardmember or the Supplementary/Virtual Cardmember (whether or not they are genuine or given with the Cardmember’s consent or authority), and action on the Bank’s part pursuant to such notices, requests or instructions shall be binding on the Cardmember and also the Supplementary/Virtual Cardmembers and the Bank shall not be liable for any loss or damage incurred or suffered or sustained by any Cardmember and/or Supplementary/Virtual Cardmember as a result of such action.

17. Right of set-off

18. Waiver

19. Full force and effects

21. Taxes & other government levies/duties

22. Assignments/transfer of interest

23. Renewal of card

24. Governing law

25. Cardmember’s Covenants

Terms and Conditions: Step-By-Step (SBS) Monthly Installment Plan

1. I/We (hereinafter referred to as the “Customer”) hereby request and authorize Bank Alfalah Limited Pakistan (hereinafter referred to as the “Bank”) to enroll my/our Card Account mentioned above for the Step-by-Step payment plan facility (hereinafter referred to as the “SBS”). The Bank is offering this facility to all the membersof the Bank that hold the Credit Cards issued by the Bank.

2.        The Purpose of SBS is to enable the Customer to purchase Goods and Services offered by Merchants and transfer such transaction(s) or to transfer existing retail transactions or existing balances on the Credit Card Accounts to SBS using the limit available on his/ her Credit Card and repay the amount of the purchase/transfer amount in equal monthly installments in accordance with these Terms and Conditions.

3.        If the Customer meets the Terms and Conditions of Bank’s Credit Card and also the Terms and Conditions specified herein, he/she may be eligible for enrolling in SBS. SBS is available and will only be offered to those customers, who abide by the Credit Card Conditions, meet the minimum transaction floor limit and have the required Credit Limit on his/her Credit Card Account.

4. All retail transactions made within Pakistan or outside Pakistan (greater than or equal to PKR 3,000/-), or any existing balance (greater than or equal to PKR 3,000/-) on the said Card Account can be converted into SBS, however, the Bank may at any time, upon giving prior information to the Customers, change the above mentioned floor limit.

5.       The transactions shall be only transferred to SBS for full amounts. The Bank will not allow partial transaction amounts to be transferred on to SBS. 

6.       SBS will be available to the Customers for Goods and Services purchased and the transactions performed through Credit Card issued by the Bank from time to time.

7.       The Customer having made a Bank Alfalah Credit Card transaction can ask for the transference of his/her specified transaction to the SBS. The Customer will be able to utilize SBS from time to time by giving oral instructions, through telephone to the Bank’s 24-hour Authorization Centre. The personnel at Authorization Centre, having established the identity of the Customer and obtaining other necessary details, shall fill the application form on the basis of the information provided by the Customer.

8.       The Bank would not be bound to act upon any oral instructions purporting to have been given by the Customer unless the Bank can, during such oral instructions, verify any personal/financial information appearing on or resulting from the Customers Bank Alfalah Credit Card Application Form and/or Credit Card Account. The Bank reserves the right to select the item for verbal verification and/or to reject any oral instruction without assigning any reason(s) whatsoever.

9.       On receiving the oral instructions the Bank may, if it deems fit, convert the transaction into a SBS transaction in accordance with these SBS Terms and Conditions and the provisions applicable to that specific offer.

10.    Installment billed to cardholders on cycle date will be included in Minimum Payment of said cardholder.

11.    The SBS Terms & Conditions may vary from one offer to another and different Installment Charge Rates can be levied based on the nature of offer and duration of the Installment Plan opted by the Customer.

12.    The Bank would reserve the absolute right to accept/reject the request for conversion of the transaction or balance to SBS.

13.    The Bank will not be liable for any damage or loss incurred by the customer arising out of the purchase, installation, use or otherwise of the Good(s) and/or Service(s) under SBS for any negligence, breach of statutory or other duty on the part of the merchant nor shall the Bank be responsible in any way for the quality of the Good(s) and/or Service(s) purchased under SBS. Any complaint as to the quality of Goods purchased or Services rendered through SBS shall be referred to the Supplier or Merchant and shall not affect Customer’s obligation to continue paying the SBS monthly installments to the Bank.

14.    The Bank is entitled at any time and without any prior notice or liability to the Customer in any manner whatsoever to terminate SBS or cancel or vary its benefits or features, or vary, or add or delete any of these Terms and Conditions. The Bank is also entitled to determine a floor limit for the minimum amount of purchases allowed under the SBS for each particular offer.

15.    The Bank reserves the right to disqualify any Customer from further participation, if in its judgment, the Customer has in any way violated these Terms and Conditions, or has violated the Credit Card Terms and Conditions.

16.    The Bank shall be entitled to disallow/refuse any application form submitted by the Customer to it under SBS without assigning any reason whatsoever.

17.    The Bank shall not be liable if it is unable to perform its obligations under these Terms and Conditions for any reason whatsoever.

18.    These Terms and Conditions shall be without prejudice to the existing Credit Card Conditions governing the issue of and use of the Bank’s Credit Card and shall apply to SBS.

19.    If at any time, dispute arises in connection with the SBS or these Terms and Conditions, the Bank’s decision in connection with the same shall be final and binding. The Bank reserves the right to terminate the SBS without prior notice.

20.    Each of these Terms and Conditions shall be severable and distinct from one another, if at any time anyone or more of such Terms and Conditions becomes invalid, illegal, or unenforceable, the validity, legality or enforceability of the remaining provisions shall not be in any way impaired or effected thereby.

21.    The Terms shall be governed and construed according to the laws of Pakistan and the Courts of Lahore shall have non-exclusive jurisdiction to settle any dispute from the term.

22.    Force Majeure: In the event of the occurrence of a Force Majeure event that directly affects the ability of the Bank hereto to perform its obligation hereunder, the Bank shall be entitled to suspend performance of such an obligation for the duration of the Force Majeure event. Force Majeure includes acts of God, war, riots, hostilities, revolution, civil commotion, strike, epidemic, accident, fire, flood, earthquake, explosion, blockade, and or any other cause similar to the kind herein enumerated or of equivalent force not within the control of the Bank.

23.    The Customer agrees that the Customer shall not have any claim of any kind against the Bank on the basis of or arising out of or relating to any of the instructions given above & that the Bank, its relevant officers & employees shall not be liable for any action undertaken pursuant to any instructions issued by the Customer.

24.    The Facility can only be availed till such time, as the Total Outstanding does not exceed beyond the Credit Limit notified by the Bank to the Customer for the Customer’s Bank Alfalah credit card. At any time if making payment of the amount will result in exceeding the Credit Limit, the Bank will not be obliged to pay the amount in terms of the instructions for the Facility and will not act upon the Customer’s instructions and the Customer will not be able to avail the Facility exceeding the Limit. Bank Alfalah Limited does not undertake any responsibility whatsoever for non-payment of any such amount, and/or any resulting charges/mark-up/losses or any other liability as a result of such non-payment to the beneficiary or any other party.

25.    A processing fee of 2% will be applicable per transaction. The Bank reserves the right to change all the SBS related fees and charges at its own discretion.

26.    Pre-closure penalty will be 5% of remaining loan amount or Rs. 1,000 (whichever is higher).

27.    The Cardmember agrees to reimburse the Bank for payment of any stamp duties and/or excise or other similar taxes or levies payable in connection with any advances, finances or credit provided by the Bank to the Cardmember or any Supplementary/Virtual Cardmember.

28.    The customer will be charged 1st SBS installment on billing cycle date with full monthly service charges either He/She is Revolver or Transactor. For example, If the billing cycle date is 15th and the SBS booking date is 12th of the same month, full monthly service charges will be billed and He/She will also be charged normal service charges on total outstanding balance inclusive of SBS transaction amount till the booking date of SBS.

29.    SBS Plan is not applicable on partial transaction amounts.

30.    I confirm that I may be allowed to avail other facilities being offered by Bank Alfalah Limited on its credit cards including but not limited to Balance Transfer Facility, Call and Pay facility, etc. I agree that Bank Alfalah Limited shall, from time to time, send me the Terms and Conditions of other facilities and I will only begin to avail any of the provided facilities once I have read the governing Terms and Conditions and fully agree with them.

Terms and Conditions: Balance Transfer Facility (BTF)

1.    I/We hereby request & authorize Bank Alfalah Limited to remit to the respective beneficiaries named above any amount not exceeding the amount given against each beneficiary name, and for a purpose approved by Bank Alfalah Limited.

2.    I/We will also be able to utilize the Balance Transfer Facility from time to time by giving oral instructions, through telephone to the Bank Alfalah 24 hours' authorization centre.

3.    Bank Alfalah Limited reserves the right to withdraw this Balance Transfer Facility through oral instructions at any time without assigning any reason and/or without any notice to me/us. In such case, I/We agree to provide written instructions for utilization of my/our Balance Transfer Facility.

4.    Bank Alfalah will within 4 working days of the receipt of the Instruction in writing or oral, (excluding Bank and Public Holidays), on best effort basis, make payment of the amount stipulated through the Instruction interalia by way of issuance of a Pay order/Demand Draft ("Instrument") and dropping the Instrument in the drop box/delivering the Instrument to the relevant party. Bank Alfalah Limited does not undertake any liability whatsoever beyond dropping the Instrument to the drop box/delivering the Instrument to the relevant party.

5.    Bank Alfalah Limited would not be bound to act upon any oral instructions purporting to have been given by me/us unless Bank Alfalah Limited can, during such oral instructions, verify any personal/ financial information appearing on/or resulting from my/our Bank Alfalah Credit Card Application Form and/or Credit Card Account. Bank Alfalah reserves the right to select the item for verbal verification and/or to reject any oral instruction without assigning any reason whatsoever.

6.    I/We agree that the service/mark-up charges on my/our outstanding balance in Bank Alfalah Limited Credit Card Account will be accrued from the date of transfer of my/our balance to Bank Alfalah Limited.

7.    The Balance Transfer Facility can only be availed till such time, as the Total Outstanding does not exceed beyond the credit limit notified by Bank Alfalah Limited to me/us for my/our Bank Alfalah Credit Card. At any time if making payment of the amount will result in exceeding the credit limit, Bank Alfalah Limited will not be obliged to pay the amount in terms of the Balance Transfer Facility and will not act upon the my/our instructions and I/We will not be able to avail the Balance Transfer Facility exceeding the Limit. Bank Alfalah Limited does not under take any responsibility whatsoever for non-payment of any such amount, and/or any resulting charges/mark-up/losses or any other liability as a result of such non-payment to the relevant party.

8.    Bank Alfalah Limited may from time to time and at any time revise and/or change any of the Terms including without limitation the Mark-up leviable in respect of the Balance Transfer Facility. Such changes will be effective from the date specified by Bank Alfalah Limited for such modification. Such changes will either be notified to me/us through statement message, mail or by affixing a notice to that effect for fifteen days at a conspicuous place within the premises of the concerned Bank Alfalah branch. Bank Alfalah reserves the right at any time and/or without any notice to (a) vary the frequency and manner of the use of the Balance Transfer Facility, the operating hours and other facilities and services available at any point in time through the use of the Balance Transfer Facility (b) stop the Balance Transfer Facility
(c) discontinue the Balance Transfer Facility at any time.

9.    I/We agree that I/we shall not have any claim of any kind against Bank Alfalah Limited on the basis of/or arising out of/or relating to any of the instructions given above & that Bank Alfalah Limited, its relevant officers & employees shall not be liable for any action undertaken pursuant to instructions issued by me/us.

10. I/We hereby agree to indemnify Bank Alfalah Limited against any claim made by any person in respect of any transaction undertaken pursuant to the instructions contained herein above and to hold the same harmless against any losses, costs, charges, damages and/or claims of all kinds.

11. Any payment made by Bank Alfalah Limited under the Balance Transfer Facility shall be recoverable in accordance with the basic Bank Alfalah Credit Card Terms and Conditions. The terms relating to the Balance Transfer Facility mentioned here-in-above are in addition to the basic Bank Alfalah Credit Card Terms and Conditions provided at the time of credit card and/or card statement delivery. These terms mentioned here-in-above shall apply to the extent not inconsistent with the Bank Alfalah Credit Card Terms and Conditions.

12. I/we agree that Bank Alfalah has the right to reject or accept my/our application based on its own internal policies and decision, without providing any reason whatsoever.

13. I confirm that I may be allowed to avail other facilities being offered by Bank Alfalah Limited on its credit cards including but not limited to Step-by-Step (SBS) Facility, Call and Pay facility, etc. I agree that Bank Alfalah Limited shall, from time to time, send me the Terms and Conditions of other facilities and I will only begin to avail any of the provided facilities once I have read the governing Terms and Conditions and fully agree with them.

Terms and Conditions: Alfalah Cards SMS Facility

I (the “Customer”) understand that under Bank Alfalah Limited (the “Bank”) Alfalah Cards SMS facility, the Bank will send me customized alert messages with respect to transactions or any other activity on my Alfalah Credit Card at its own discretion. The alert messages will be sent to me via short messages service/text (SMS) on my mobile phone or via e-mail or any other form of electronic means of communication available from time to time.

I agree to notify the Bank immediately in writing under my signature in the event of any change in any of the information i.e my mobile number, permanent and current address, address of place of business, fax number etc. The Bank shall in no way be liable for my lack of receipt of a message alert should I fail to provide the necessary updated information to the Bank. I agree to provide any additional information as may be required by the Bank from time to time.

I also agree that the Bank shall not be liable, in any manner whatsoever, if any relevant information pertaining to my Alfalah Credit Card comes in the knowledge of any third party due to, including but not limited to, if such third party has access to or is/are using my mobile phone with or without my consent to do so.

I agree to avail Alfalah Cards SMS facility (the “Service”) on the terms and conditions stated herein and accept and agree to be bound by the said terms and conditions.

1. Disclaimer of Liability

The Bank shall under no circumstances be held liable if the Service is not available for reasons, including but not limited to, natural calamities, legal restraints, faults in the telecommunication  network or network failure, or any other reason beyond the control of the Bank. The Bank shall under no circumstances be liable for any damage caused to the Customer as result of use of the Service (including relying on the Service for the Customer’s investment or business purposes) for causes which are not attributable to the Bank. The Bank shall not be liable in any manner to the Customer in connection with the use of the Service. Illegal or improper use of the Service shall render the Customer liable for payment of penalties as decided by the Bank and/or will result in suspension of the service to the Customer.

The Bank is in no way liable for any error or omission in the services relating to the Service provided by any mobile or any third party service provider (whether appointed by the Bank on its behalf or otherwise) to the Customer, which may affect the Service.

The Bank does not warrant the confidentiality or security of the messages transmitted through the Service. The Bank makes no warranty or representation of any kind in relation to the system and the network associated with the Service or their function or performance or for any loss or damage whenever and howsoever suffered or incurred by the Customer or by any person resulting from or in connection with the Service.

Without limitation to the provisions of these terms and conditions, the Bank and/or its employees shall not be liable for interruption, suspension, error of the Bank in receiving and possession of the request and in formulating and returning responses or any failure, delay, interruption, suspension, restriction or error in transmission of any information or message to and from the telecommunication equipment of the Customer and the network of any mobile service provider and the Bank’s system or any breakdown, interruption, suspension or failure of telecommunication  equipment of the Customer, the Bank’s system or the network of any mobile service provider and/or any third party who provides such services as is necessary to the Service.    

Notwithstanding anything to the contrary provided in these terms and conditions, the Bank shall not be involved in or in any way liable to the Customer for any dispute between the Customer and a mobile services provider or any third party service provider (whether appointed by the Bank in that behalf or otherwise).  The Bank makes no representation or gives no guarantee for the timely delivery or accuracy of the contents of each short message service/text alert sent in connection with the Service.

The Customer agrees that the Bank may hold and process his personal information concerning his/her accounts on computer or otherwise in connection with the Service as well as for analysis and marketing. The Customer accepts and acknowledges that each short message service/ text alert sent in connection with the Service may contain account information relating to the Customer. The Customer hereby authorizes the Bank to send account related information through short message service/text alert. The Customer acknowledges that the short message service/text alerts sent in connection with the Service contains confidential information and should such confidential information be received by any other person other than the Customer due to operational faults or technical defects, the Bank shall not be liable or responsible for the same.

The Customer is solely responsible for protecting his personal identification number/access password and/or any other appropriate mode of identification that would be used for the Service given by the Bank for the use of the Service.

The Bank will not be liable for:

a)      Any unauthorized use of Customer’s personal identification number/ access password and/or any other appropriate mode of identification that would be used for the Service or mobile phone or any fraudulent, duplicate or erroneous instructions given by the use of the Customer’s personal identification number/access password and/or any other appropriate mode of identification that would be used for the Service or mobile phone number, and any other identification number/code;

b)     Error, default, delay or inability of the Bank to act on all or any of the instructions;

c)      Acting in good faith on any instructions received by the Bank;

d)     Loss of any information/instructions in transmission;

e)      Unauthorized access by any other person to any information/ instructions given by the Customer or breach of confidentiality.

2. Instructions

The Customer hereby authorizes the Bank to act on any instruction which is identified by any use of the Customer’s personal identification number/access password and/or any other appropriate mode of identification that would be used for the Service at bank’s discretion and this instruction shall be deemed to be correct, valid, irrevocable and binding on the Customer upon receipt by the Bank.

The Bank shall not be liable for any loss and damage which the Customer and/or any third party may sustain from the Bank acting on such instruction(s), whether given by the Customer or someone purporting to be the Customer, authorized or unauthorized.

The Bank shall have absolute discretion to act on or give effect to the instructions received by it, and may without notice and without giving any reason, cancel or refuse to execute any of the Customer’s instructions at any time without incurring any liability.

3. Suspension or Termination of the Service

The Bank, may in its discretion and without prior notice and without incurring any liability, temporarily suspend the Service or terminate it.

4. Charges

The Service will be subject to payment of a fee as determined by the Bank from time to time and the same shall be notified to the Customer. The Customer hereby authorizes the Bank to debit the Customer’s account with such fees and charges.

Notwithstanding the service charges, or fees imposed by the Bank, the Customer is further liable for any charges levied by any mobile services provider and/or any other third party as a result of the use by the Customer of the Service.

5. Indemnity

The Customer shall indemnify and hold the Bank harmless against any loss suffered by the Bank, their customers or a third party or any claim or action brought by a third party arising out of or in connection with any services provided to the Customer pursuant hereto. In consideration of the Bank providing the Service, the Customer agrees to indemnify and hold the Bank harmless from and against all actions, claims, demands, proceedings, loss, damages, costs, charges and expenses whatsoever which the Bank may at any time incur, sustain or suffer as a consequence of or arising from the Customer acting, or omitting to act on any instructions given by the use of the Service.

The Customer hereby agrees to abide with all the rules and regulations applicable to this Service and any other services related to this Service that may be provided by the Bank in the future.

6. Amendment

The Bank may amend/change the above terms and conditions, at any time by giving notice to the Customer and such amended terms and conditions shall thereupon apply to and be binding on the Customer.

Terms and Conditions:

Utility Bills Payment from Credit Card Account of Customer

I (the “Customer”) am interested to avail the opportunity being offered by Bank Alfalah Limited of paying my various utility bills (as listed in the Schedule attached hereto) through a call at the twenty-four hours Call Center 111 225 111.

In respect of the above, I hereby authorize Bank Alfalah Limited (the “Bank”), to deduct and remit to the relevant authority the total amount of the bill as stated in my “Utility Bills” from my credit card account as specified here above, as and when I call the Call Center for the purpose of payment of my utility bills. I understand, acknowledge and agree to pay the nominal fee charged for availing the said service.These instructions shall remain valid and in force till such time as I inform the Bank in writing under my signature that I no longer wish to avail this facility as offered by the Bank. I further undertake to notify Bank of any change in the information given below and/or to inform them immediately about the theft or loss of the credit card.I hereby further agree that I authorize the Bank to act on any instruction, which is identified by any of my personal and/or credit card details available with the Bank, regarding payment of utility bills from my credit card account and this instruction shall be deemed to be correct, irrevocable, valid and binding on me upon receipt by the Bank. The Bank shall not be liable for any loss and damage which the Customer and/or any third party may sustain from the Bank acting on such instruction(s), whether given by the Customer or someone purporting to be the Customer, authorized or unauthorized. The Bank shall effect all instructions received at its absolute discretion and may, without notice and without giving any reason, cancel or refuse to execute any of the Customer’s instructions at any time without incurring any liability.  I further agree to indemnify and hold the Bank harmless against any loss suffered by the Bank, their customers or a third party or any claim or action brought by a third party arising out of or in connection with any services provided to me pursuant hereto.I agree to abide with all rules and regulations applicable to this service and any other services related to this service that may be provided by the Bank in future.I agree and acknowledge that the Bank under no circumstances shall be held liable if the said service is not available for reasons including but not limited to natural calamities, legal restraints, faults in the telecommunication network or network failure, or any other reason beyond the control of the Bank. The Bank shall not be liable under any circumstances for any damages whatsoever whether such interruption of business or any loss of character or nature whatsoever and whether sustained by the Customer or by any other person. Illegal or improper use of the service shall render the Customer liable for payment of financial charges as decided by the Bank or will result in suspension of the service to the Customer. I agree and acknowledge that I shall be solely responsible for protecting any identifiable personal and/or credit card details given by the Bank for the use of the service.I agree that the Bank may hold and process my personal information on computer or otherwise in connection with the service as well as for analysis, credit scoring and marketing. I agree and acknowledge that the Bank has the absolute discretion to amend or supplement any of the terms and conditions at any time, and such amended terms and conditions will thereupon apply to and be binding on me.

Terms and Conditions:  Rewards Program 2010-2011

1.      DEFINITIONS

“BAL” Bank Alfalah Limited.

“Basic Cardmember” Cardmember to whom BAL has issued the original Basic Credit Card.

“Basic Credit Card” Cardmember means the original person excluding any Supplementary/Virtual Cardmember  who is issued a Card and for whom the Card Account is first opened by the Bank. 

“Billing Address” Address on which the Cardmember receives his/her Card Statement.

“Business Day” Any day other than a Sunday that BAL is open for business in Pakistan.

“Business Partner” Participating organization which has offered products/services in Fortunes.

“Card” All categories and types of BAL VISA/MasterCard

“Card Account” Cardmembers VISA/MasterCard Account.

“Cardmember” Holder of Basic Credit Card(s) issued by BAL.

“Commencement Date” Starting date of the Program as announced by BAL July 1, 2010- June 30,2011.

“Fortunes” Branded Points based program to reward Cardmembers for their patronage with BAL.

“FTO” Fast Track Option.

“Point Account” Fortunes Point Account.

“Reversals” Transactions for which the Cardmember will not be entitled to Points.

“Rs.” Rupees.

“Program” Fortunes reward program.

2.      ELIGIBILITY

2.1.   All Basic Cardmembers issued Cards by BAL from the Commencement Date are eligible to enroll in the Program. Enrollment is currently free of cost but any fee for participation at the sole discretion of BAL at any time, can be introduced in the Program which will be notified to Cardmembers.

2.2.  Points earned by a Supplementary/Virtual Cardmember will be credited to the account of the Basic Cardmember and may be used only by the Basic Cardmember for redemption.

3.      CONVERSION

3.1.  For every Rs. 50 charged on the Card (Refer to Point 4.3), BAL will credit one (1) Point into the Card Account. However, BAL reserves the rights to change at any time and without prior notice to the Cardmember, the ratio between a) a Point to be awarded; and b) the specified amount charged to Cardmember’s Point Account.

4.      POINTS ACCRUAL

4.1. Points will accumulate on a monthly basis by reference to the total value of qualifying retail purchases made on the Card during that month.

4.2. Purchase Balances shall be rounded such that balance of Rs. 0-25 shall not receive a Point whereas balance of Rs. 26-49 will be equal to one Point.

4.3. Cardmembers would be given points for all Retail Transactions net of Reversals. Transactions included in Reversals are as follows:

  •   Cash Advances or withdrawals in local or foreign currency

  •   All Fees, Penalties & Services Charges

  •   Credit Card Payments

  •   Insurance premium plans

  •   Disputed Transactions

  •   Balance transfer amount

  •   All payments at Call Center or through Auto Debit Transactions

  •   Temporary Credits

  •   All types of reversals

4.4.  BAL may by notice at any time vary the nature or category of Credit Card transactions that qualify for Points under the Fortunes Program.

4.5.  Points accumulated in the Program have no cash or monetary value and thus no cash can be claimed by Cardmember from BAL against the accumulated Points.

4.6. Points accumulated in the respective Card Account will be shown in the monthly Card statement.

4.7. If a previously cancelled Card Account is reinstated within six months of the cancellation date, any unutilized Points in the account will be reinstated.

5.      POINT REDEMPTION

5.1.      Redemption requests can be given by filling out the Fortunes Redemption Form present in the catalogue/branches or by calling Bank Alfalah Phone Banking Service at 111-225-111. Once you have filled out the form in completion, you can either mail it to the Rewards Department or place it in the Drop Boxes located for your convenience. Very soon, you will be able to submit online application available on our website (www.bankalfalah.com).

5.2.      The Card Account must be open, in good standing and there should be no past due balances on the Card account. Moreover, it should not be fraudulently operated.

5.3.      Points accrued in the Program can be redeemed by the Basic Cardmember only.

5.4.      In case the Cardmember voluntarily closed his card, points accrued during the tenure of Cardmembership will be available for redemption for 15 days from the date of closure of the account.

5.5.      If the Basic Cardmembers account is terminated at any time for any reason, whether by the Cardmember or Bank Alfalah, the Cardmember and Supplementary/Virtual Cardmembers shall henceforth be disqualified from participating in the Program.

5.6.      Processing and delivery of rewards to the Cardmember would require four to six weeks.

5.7.      Certain rewards may take a longer time for delivery to the Cardmember due to availability issues by certain business  partners. BAL will try to ensure deliveries within the stipulated time period, however, BAL bears no responsibility for delays  or defects inherent in the reward. The Cardmembers will have the right to request the cancellation of that reward if he/she is not willing to wait, and the Points will be added back to his/her point account.

5.8.      All rewards are subject to availability with the respective vendor(s) and Business Partner’s and restrictions may apply as to when the rewards can be redeemed.

5.9.      Points calculation for every item mentioned in the reward catalogue is subject to change depending on market rate.

5.10.   Any additional meals, taxes, transportation or accommodation arrangements made in connection with any reward will be the sole responsibility of the Cardmember.

5.11.   Redeemed Rewards are not exchangeable for other rewards, refundable, replaceable or transferable for cash or credit, under any circumstances.

5.12.   By redeeming a reward, the Cardmember releases BAL, its subsidiaries and affiliates from all liabilities to the Cardmembers, their guests or any transferees of the reward regarding the redemption or use of any reward or other participation in the Program.

5.13.   Redemption of Points by way of Fast Track Option:

a) Under the Fast Track Option (“FTO”) facility offered by BAL, reward(s) are redeemable against the accumulated points or against a combination of Reward Points and payment in rupees of the charge thus incurred as a result of the purchase. The said charge will then be posted on your Credit Card pursuant to the authority given by you to BAL.

b) The FTO will be available on selected items and the same will be indicated in the catalogue provided by BAL from time to time.

c)  Your consent to redeem a reward by way of FTO will be indicated on the Rewards Redemption Form.

5.14.   The colour of reward item could be different from the one shown in  catalogue.

6. POINTS REDEMPTION FOR THE DECEASED

6.1    In the event of the death of a cardholder, the same is to be reported to BAL immediately or latest within 10 business days.

6.2    Points are redeemable or transferable to another BAL credit card (only on the production of sufficient documentary evidence) by an immediate relative of the cardholder i.e. a Supplementary/Virtual card member/holder, father, mother, spouse, son/daughter or next of kin nominated and adjudged by way of a valid decree passed by a Court of competent jurisdiction, provided however that the request for redemption is made within 30 days from the date of reporting the demise of the cardholder.

6.3    Expired points cannot be added back, whereas, only regular point redemption request will be entertained.

6.4    Redemption request will only be processed in accordance with the criteria as more particularly described in Section 5 Points Redemption and provided only if the card status is in good standing. The Bank shall be the sole judge in deciding whether or not the card status is in good standing.

6.5    The Bank reserves the right to alter or terminate the Rewards Scheme or amend the terms and conditions thereof at any time.

6.6    In case of any disputes, decisions of the Bank shall be final and binding.

7.       REWARDS CERTIFICATE

7.1.  Upon receiving your redemption request for Rewards, BAL may send you a Rewards Certificate within 4-6 weeks of your request. The reward so requested will either be sent along with the Rewards Certificate or further instructions for redemption will be detailed on it.

7.2. BAL nor the Business Partner is responsible for lost, stolen or mutilated Reward Certificates.

7.3. Once a Rewards Certificate has been issued, Points will not be added back to your Point Account.

7.4. Rewards Certificates will only be mailed to the Basic Cardmember on the Billing Address.

7.5. Validity date of the certificate issued will clearly be indicated on it.

7.6. Points for any unredeemed Rewards Certificate will not be added back under any circumstances.

7.7. Rewards Certificates must be surrendered upon redemption and no photocopies will be honored.

7.8. In the event that the Reward Certificate takes the form of a shopping/ dining voucher and the Cardmember wishes to purchase goods or services in excess of the value noted on the Redemption Certificate, the Cardmember must settle the difference to the Business Partner. No cash value will be awarded if in case the shopping/dining is less than the face value of voucher.

8. GENERAL

8.1.       All hotel and travel rewards are subject to availability, specific terms and conditions and may have restrictions, blackout dates and exclusions, unless specified by BAL. 

8.2.       BAL assumes no responsibility for any loss or damage resulting from accident or otherwise to any person or thing in association and/or connection with the reward redeemed.

8.3.       Issuance of travel Reward Certificate does not constitute a reservation. The Rewards Certificate holder is responsible for making all reservations and to notify the Business Partner of the reward(s) they are going to redeem.

8.4.       BAL reserves the right to terminate the Program at any time. BAL also reserves the right to change the Programs Terms and Conditions at any time. These changes may include the imposition of fee for participation in the Program and the introduction of expiration dates for accumulated Points.

8.5.       Fraud or abuse relating to accrual of Points in the Program or conversion of Points, may result in forfeiture of accrued Points as well as cancellation of a Cardmembers Program, and any BAL Card or other BAL Accounts and any decision by BAL in this respect shall be final.

8.6.       All questions or disputes regarding eligibility for the Program, or the eligibility of Points for accrual, or conversion of Points will be resolved by BAL at its sole discretion and any decision by BAL in this respect shall be final.

8.7.       BAL’s failure to enforce a particular Term and Condition does not constitute as a waiver of that Term and Condition by BAL.

8.8.       BAL will bear no responsibility for resolving any dispute concerning goods or services received as a Reward under the Program.

8.9.       Certain Terms and Conditions pertaining to a specific Reward will be indicated on its Rewards Certificate.

8.10.    BAL shall not be liable for any loss or damage incurred or suffered by the Cardmember by reason of a Business Partner refusing to allow a transaction or accepting the Credit Card.

8.11.    BAL shall not in any way be held responsible for the quality and fitness of or the purpose, merchantability of the rewards delivered to the Cardmember.

8.12.    By signing the “Reward Redemption Request” or making a request by calling 111-225-111, it is assumed that you have read, understood and agreed with the “Terms and Conditions” mentioned hereinabove.

8.13.    No request will be entertained for not receiving the reward item after 04 months from the date when the reward item  was booked.

8.14.  If item returned by the courier and Card Member is out of country for an indefinite period of time, his order will be cancelled and points against the same will be added back.

8.15.    BAL reserves the right to disqualify any Cardmember from further participation, if in its judgement, the Cardmember has in any way violated these Terms and Conditions, or has violated the Credit Card terms and conditions.

8.16.    BAL shall not be liable if it is unable to perform its obligations under these terms and conditions for any reason whatsoever.

8.17.    Each of these Terms and Conditions shall be severable and distinct from one another and if at any time, any one or more of such terms and conditions is or becomes invalid, illegal, unenforceable, the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

8.18.    The event of the occurrence of a Force Majeure event that directly affects the ability of BAL hereto to perform its obligations hereunder or affects the Business Partner, BAL shall be entitled to suspend performance of such an obligation for the duration of the Force Majeure event. Force Majeure includes acts of God, war, hostilities, riots, civil commotion, strike, revolution, epidemic, accident, fire, flood, earthquake, blockade, or any other cause similar to the kind herein enumerated or of equivalent force not within the control of BAL.

8.19.    In the event of breach by the Cardmember of any of the terms and conditions agreed upon herein,  the Cardmember shall be liable for any costs/losses/expenses arising from such breach and shall hold BAL harmless and indemnify BAL in full and immediately upon such breach. This in no way curtails the rights to any other lawful remedy that BAL may have under the laws governing these terms and conditions. Breach of any Terms and Condition shall also give the BAL the right to terminate the transactions contemplated herein and the Bal may at its sole discretion take any other action under the policies of the BAL The Cardmember shall also hold the BAL harmless and indemnify BAL for any expenses/damages accruing to them due to any error or breach caused by the act/omission of the Cardmember with respect to any transactions related hereto or contemplated herein.

8.20.    The decision of BAL in respect of any dispute that may arise in connection with these terms and conditions shall be final and binding.

Terms and Conditions:  Alfalah Life and Children Education Insurance

These terms and conditions shall be applicable to those Credit Card Customers of Bank Alfalah who enroll in the “Life Insurance” and “Education Plan for Children” insurance policies offered by Bank Alfalah to its Credit Card Customers.

The Customer hereby agrees to enroll in the “Selected Plan” (the “Policy”) with a benefit of Rs. (as mentioned above) offered through EFU (the “Insurance Company”) by Bank Alfalah. The Customer hereby agrees that the premium in respect of the Policy is at present Rs (as mentioned above) and the same shall be charged on the Credit Card of the Customer. Thereafter all premiums in respect of the Policy shall be charged on the Credit Card of the Customer and the Customer shall at all times remain liable for the payment of the premiums in respect of the Policy.

The Customer understands and agrees that the Insurance Company may at any time vary the prescribed rate of premium. Notification of any such change shall be given to the Customer by Bank Alfalah either in writing through statement message or by publication thereof. Thereafter the Customer shall be liable for payment of the premium at the prescribed rate.

The Customer confirms having read and understood the terms and conditions contained in the policy documents in respect of the Policy and agrees to abide by all the terms and conditions contained in the policy documents and any other relevant documents in respect of the Policy, as amended from time to time.

The Customer confirms having given his consent to enroll in the plan and has notified Bank Alfalah of the name of the beneficiary in respect of the Policy.

The Customer shall be liable for all charges, liabilities, costs and expenses, if any, in respect of the Policy. The costs and expenses may be modified from time to time by either Bank Alfalah or the Insurance Company, as the case may be.

The Customer agrees to be bound by and shall comply with all the terms and conditions in respect of Credit Cards to the extent the same are applicable to the Policy and all such applicable terms and conditions shall be deemed to part of the terms and conditions contained herein.

Bank Alfalah shall not be held responsible or liable for settling claims emanating from the Policy or for the approval or rejection of any claim or for any act or omission on the part of the Insurance Company.

In case of claim of the insurance beneficiary will have the funds after any outstanding due on customer’s cards account.

Termination of the Policy

Without prejudice to any other provision herein, the Policy provided hereunder in respect of the Customer shall terminate on the happening of the first of any of the following events:

1.      The Customer’s death, terminal illness, or permanent total disability and any other reason as in the relevant policy document in respect of the Policy.

2.      Cancellation of the Customer’s Credit Card facility in the case of monthly payment only.

3.      If Credit Card account falls in 60 DPD.

4.      The Customer having attained the age of 60 years.

5.      Written notice from the Customer that the insurance be cancelled.

General Limitations and Exclusions

No benefit shall be payable under the Policy if the death results directly, wholly or partly as a result of or related to the following conditions (details in policy document):

a)       Suicide

b)       Sickness or any other natural causes occurring within first forty five days of commencement of coverage

c) Disease and incapacity or bodily injury or any condition which existed prior to the commencement of coverage

d)       Pregnancy, miscarriage, childbirth or any non-malignant disease occurring in or in connection with the female reproductive organs

e)       Intentional self inflicted injury, intoxication, insanity, fighting or unlawful act

f) Flying other than as passenger in a certified commercial aircraft

g)       War, invasion, act of foreign enemy, hostilities (whether war is declared or not) and civil commotion

h)       Service on duty with any armed or para-military forces

i)  Hazardous sports such as motorcycling, hunting, steeple chasing, mountaineering, racing of any kind, winter sports and diving

j)  Direct or indirect result of Human Immuno Deficiency Virus (HIV)

Further details of the General Limitations and Exclusions in respect of the Policy shall be contained in the policy document (as amended from time to time) in respect of the Policy and shall be binding on the Customer.

Claim
The Customer hereby agrees to abide by and be bound by all provisions, terms and conditions regarding claims in respect of the Policy as are mentioned in the relevant policy documents of the Policy or as notified by the Insurance Company from time to time.

The Customer hereby agrees that Bank Alfalah may at any time waive either unconditionally or otherwise any of these terms and conditions or any default or breach of the Customer provided that such waiver is given in writing by Bank Alfalah. The waiver of any breach or failure to enforce any term or condition contained herein shall not be construed as a waiver or a waiver of any other breach of the same or any other term or condition.

Each of these terms and conditions shall be severable and distinct from one another and if at any time, any one or more of such terms and conditions is or becomes invalid, illegal, unenforceable, the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

The Customer hereby agrees that the decision of Bank Alfalah in respect of any dispute that may arise in connection with these terms and conditions shall be final and binding.

These Terms and Conditions shall be governed by and construed in accordance with the laws of Pakistan.

Definitions, Terms and Conditions: Credit Cover

The rights and obligations of any cardmember subscribing to the Credit Cover Scheme shall be governed by the terms and conditions set forth herein below. By virtue of the Credit Cover, Bank Alfalah limited (herinafter called the Bank) aims to offer, through an insurance company of its choice, certain protection to those Basic Cardmembers who are subscribing to the Credit Cover in the event of Death, Terminal Illness, Permanent Total Disability and Temporary Total Disability in accordance with the referenced terms and conditions and the Master Contract.

Alfalah Credit Cover also has a range of features (like coverage against confirmable fraudulent usage, counterfeit activity or any other unforeseen circumstances covered in our new Credit Cover policy) designed to protect you from the setbacks of life, at affordable rates.

Definitions

In these terms and conditions: Except where inconsistence with the subject matter or context the singular includes the plural and the masculine the feminine, the vice versa in both case.

Accident means bodily injury which is caused solely by violent, external and accidental means and resulting directly an independently of all other causes.

Bank means Bank Alfalah Limited Pakistan, which shall include all its administrators, successors-in-interest and assigns.

Cardmember means an Account Holder of Credit Card facility who is subscribing to the Credit Cover and accepted by the Bank.

Commencement Date means the date the Cardmember is enrolled for Credit Cover by the Bank.

Credit Card means the Bank Alfalah VISA facility.

Credit means the credit or other form of financial accommodation provided by the Bank to the cardmember.

Event means Death, Terminal Illness, Permanent Total Disability or Temporary Total Disability.

Insurer means EFU Life Assurance Ltd.

Indebtedness at the time of Death, Terminal Illness or Permanent Total Disability means the closing balance of the last Credit Card statement prior to the Event giving rise to the claim plus amount of any authorized Credit Card transaction made prior to the Event, giving rise to the claim not included in that statement. The indebtedness shall not exceed the credit limit.

Provided if a Temporary Total Disability Benefit was being paid, the Indebtedness shall be reduced by an amount equal to reduction in the outstanding balances as a result of the Temporary Total Disability Benefit which have subsequently been paid.

Monthly Installment means the “total Minimum Payment Due” payable to the Bank by the Cardmember as set out in the last billing statement issued prior to the occurrence of the Event giving rise to a claim.

Sickness means a sickness or disease contracted for the first time after the Commencement Date.

Insurance Cover

Death, Terminal Illness and Total Permanent Total Disability Cover

In the event of the Cardmember’s Death, Terminal Illness or Permanent Total Disability, the insurance cover is the Cardmember’s indebtedness up to a maximum of Rs.1,200,000.

Temporary Total Disability Cover

In the event of Cardmember’s Temporary Total Disability the insurance cover is the Cardmember’s Monthly installment up to a maximum of twelve months. Insurance will be provided under Credit Cover from the Commencement Date.

ELIGIBILITY

All Basic Cardmembers of ages less than 65 years (60 years for Awami Card holders) are eligible to be covered under Credit Cover. At age 65 years (60 years for Awami Card holders) of the Cardmember insurance cover shall cease and no benefit will be payable. However no insurance will be effective if the Cardmember has already attained the age of 65 years (60 years for Awami Card holders) at the time of initial cardmembership approval by the bank. The benefits under Credit Cover shall be extended to only the Basic Cardmembers and not to Supplementary/Virtual Cardmember.

BENEFITS

Subject to the terms and conditions herein the following benefits are available:

a)   Death Benefit

       On Death of the Cardmember, the Cardmember shall be relieved of the amount of his Indebtedness plus credit charges on the Indebtedness for a maximum period of two months after the date of Death.

b)   Temporary Total Disability Benefit

       In the Event of Temporary Disability due to Accident or Sickness, the Cardmember shall be relieved of the monthly installment for each month during the disability period up to a maximum of twelve months. “Temporary Total Disability” means inability, due to Accident or Sickness, of the Cardmember to engage in his own occupation or employment for a period exceeding forty five days and provided the Cardmember is not otherwise gainfully employed or in receipt of any payments from his employer(including sick pay) or any Social Security organization.

c)    Permanent Total Disability Benefit

       On Permanent Total Disability of the Cardmember due to Accident or Sickness, the Cardmember shall be relieved of the amount of his Indebtedness. “Permanent Total Disability” means having been permanently or totally disabled for six consecutive months as a result of Accident or Sickness which prevents the Cardmember from engaging in any occupation for which he is reasonably qualified by training, education and experience and provided that the insurer is satisfied that he will be so rendered indefinitely.

d)   Terminal Illness Benefit

       On diagnosis of a Terminal Illness, the Cardmember shall be relieved of the amount of his Indebtedness plus credit charges on the indebtedness for a maximum period of two months after the date of diagnosis of such illness. Payment of Terminal Illness Benefit shall absolve the Insurer of liability against Death Benefit. “Terminal Illness” means a medical condition which in the opinion of a relevant specialist(s) approved by the Insurer would result in the life span of the Cardmember being reduced to a period of such a medical condition.

e)   Fraudulent Usage and Counterfeit Activity Benefit

       In the event of any Confirmable Fraudulent Usage or Counterfeit Activity on the Cardmember’s Credit Card, the Cardmember shall be relieved of the amount of his Indebtedness plus credit card charges on the Indebtedness incurred on account of such Confirmable Fraudulent Usage or Counterfeit Activity. “Confirmable Fraudulent Usage or Counterfeit Activity” means any alleged fraudulent or counterfeit activity on the Credit Card undertaken by any unauthorized person, which can be verified and confirmed, to the satisfaction of the Insurer, to have been conducted illegally and without the permission or acquiescence, direct or indirect, of the Cardmember.

General Conditions

PREMIUM

Premiums are payable as per schedule of charges based on current balance shown on the Cardmember’s Statement of Account each month. The Bank shall pay all premiums under this policy to the Insurer on monthly basis, in arrears, with the amount of the premium being charged to the Cardmember’s account. If the Cardmember fails to pay “Total Minimum Payment Due” in respect of the last statement of account on its due date then the Bank shall stop payment of the premium to the Insurer. If this “Total Minimum Payment Due” is not paid within a period of 30 days, since it is due, then the Cardmember shall not be entitled to claim any right and benefits under the Credit Cover

Scheme. The insurer may at any time vary the prescribed rate of premium. Subject to the requirement of statute, notification of any such change shall be given to the

Cardmember by the Bank either in writing or be publication thereof.

LIMITATIONS AND REDUCTIONS

a)   No temporary Total Disability Benefits shall be payable for the first forty days of any period of Temporary Total Disability.

b)   The maximum cumulative amount of benefits payable under Credit Cover Scheme for any one Event shall not exceed Rs.1,200,000/-.

TERMINATION OF INSURANCE

Without prejudice to any other provision herein, the insurance provided hereunder in respect of the Cardmember shall terminate on the happening of the first of the any of the following events:

a)   Cardmember’s death, terminal illness, or permanent total disability;

b)   Cancellation of the Cardmember’s Credit Card Facility, which is done when the payment is overdue for 3 months (60 days);

c)    The Cardmember having attained the age of 65 years (60 years for Awami Card holders);

d)   Non payment of premiums by the Bank to the Insurer for a period of thirty days after they have become due;

e)   Any other date on which the Cardmember ceases to be eligible for assurance for any fraudulent or criminal reason affecting the assurance hereunder. Decision of the court shall be final in such cases;

f)    Written notice from the Cardmember that the insurance be cancelled.

CLAIMS

Written notice of claim must be presented to and received by the Bank within 45 days of occurrence of insured Events. All claims shall be subject to such discharge, evidence of claim, proof of age and occupation and other information and evidence as the Insurer may require. The Insurer at its own expense shall have the right to ask for any medical exam as often it may reasonably require during the pendency of a claim. At any time after a claim has been submitted under this Credit Cover Scheme, the Bank may in its absolute discretion restrict or cancel Cardmember’s right to use his Credit Card. The Cardmember should not attempt to use his Credit Card during any period where its use has been suspended.

EVIDENCE OF INDEBTEDNESS

In determining the amount of any benefit, the Insurer is entitled to rely on any statement in writing as to the amount of the Cardmember’s Indebtedness or Monthly Installment which has been signed on the Bank’s behalf by a responsible officer.

EXCLUSIONS

No benefit will be payable under this Credit Cover Scheme if the Death, Terminal Illness or Disability results directly, wholly or partly as a result of or related to:

a)   Suicide within 13 months of Commencement Date;

b)   Sickness occurring within 28 days of Commencement Date;

c)    Disease and incapacity or bodily injury which existed prior to the Commencement Date;

d)   Pregnancy, miscarriage, childbirth or any nonmalignant disease occurring in or in connection with the female reproductive organs;

e)   Intentional self inflicted injury, intoxication, insanity, fighting or unlawful act on the part of the Cardmember.;

f)    Flying other than as passenger in a certified commercial aircraft;

g)   War, invasion, act of foreign enemy, hostilities (whether war is declared or not) and civil commotion

h)   Participating in exercises or operations while serving with either of the armed or paramilitary forces or while performing any form of police duty;

i)    Hazardous sports such as motorcycling, hunting, steeple chasing, mountaineering, racing of any kind, winter sports and diving;

j)    Direct or indirect result of Human Immuno Deficiency Virus (HIV).

General

The Bank is only acting as an agent in providing this facility and cannot be held responsible for setting claims emanating from this Scheme or for the approval or rejection of any claim. The Bank shall consider to accept for the Credit Cover Scheme any person who is an Account holder of a Credit Card Facility and confirms to the Bank’s usual applicable conditions as determined from time to time at the Bank’s sole judgment and discretion. Either the Bank or the Cardmember may cancel the Credit Cover at any time by giving the other a notice in writing of 15 days. In addition to the above terms and conditions and unless the context hereof otherwise requires, this Credit Cover product shall be subject to and be governed by the pertinent provisions and definitions that are embodied in the credit Card Agreement and are not expressly provided for herein.

Terms and Conditions: Alfalah Credit on Phone

1.     I/We (hereinafter referred to as the “Customer”) hereby request and authorize Bank Alfalah Limited Pakistan (hereinafter referred to as the “Bank”) to enroll my/our Card Account for the Credit on Phone facility (hereinafter referred to as the “COP”) and further transfer it to Step-by-Step payment plan facility (hereinafter referred to as the “SBS”). The Bank is offering this facility to all the members of the Bank that hold the Credit Cards issued by the Bank for more than 6 months.

2.     The Purpose of Credit on Phone  is to enable the Customer to purchase Goods and Services and transfer such facility/transaction(s) amount(s) in SBS and repay the amount of the same in equal monthly installments in accordance with these Terms and Conditions.

3.     If the Customer meets the Terms and Conditions of Bank’s Credit Card and also the Terms and Conditions specified herein, he/she may be eligible for enrolling in COP/SBS. COP/SBS is available and will only be offered to those customers, who abide  by the Credit Card Conditions meet the minimum transaction floor limit and have the required Credit Limit on his/her Credit Card Account.

4.     Up to 75% of credit limit (Maximum) or Minimum PKR 3,000/- on the said Credit Card Account can be availed as COP and further converted into SBS, however, the Bank may at any time, without giving prior information to the Customer,change the above mentioned limits.

5.     The Credit on Phone transaction(s) shall be only transferred to SBS for full amount(s). The Bank will not allow partial amount(s) of a transaction(s) to be transferred on to SBS.

6.     The Customer having available credit limit can ask for the transference of his/her specified amount to issue a pay order issued in his/her own name or get the Credit amount to his/her account maintained in Bank Alfalah branch. The Customer will be able to utilize credit limit  from time to time by giving oral instructions, through telephone to the Bank’s 24-hour Call Centre/PBO. The personnel at Call Centre, having verified the identity of the Customer and obtaining other necessary details, shall capture the detail on the basis of  the information provided by the Customer. The bank shall not be responsible for any error/mistake made by the Customer in communicating or giving instructions to the Bank relating to Credit on Phone  transaction amount,  to SBS.

7.     The Bank would not be bound to act upon any oral instructions purporting to have been given by the Customer unless the Bank can,during such oral instructions, verify any personal/financial information appearing on or resulting from the Customers Bank Alfalah Credit Card Application Form and/or Credit Card Account. The Bank reserves the right to select the item for verbal verification and/or to reject any oral instruction without assigning any reason(s) whatsoever.

8.     On receiving the oral instructions the Bank may, if it deems fit, convert the Credit on Phone transaction into a SBS transaction in accordance with these SBS Terms and Conditions and the provisions applicable to that specific offer.

9.     The SBS Terms & Conditions may vary from one offer to another and different Installment Charge Rates can be levied based on the nature of offer and duration of the Installment Plan opted by the Customer.

10.        The Bank reserves the absolute right to accept/reject the request for Credit on Phone and the conversion of the transaction to SBS.

11.        The Bank will not be liable for any damage or loss incurred by the customer arising out of under COP/SBS for any negligence, breach of statutory or other duty on the part of the customer to affect Customer’s obligation to continue paying the SBS monthly installments to the Bank.

12. If the Customer defaults in the COP/SBS plan or contravenes the Terms and Conditions herein, the Bank will have the right to recover from the Customer, any loss or damage as a consequence of such default or breach.

13.  The Bank is entitled at any time and without any prior notice or liability to the Customer in any manner whatsoever to terminate COP/SBS or cancel or vary its benefits or features, or vary, or add or delete any of these Terms and Conditions. The Bank is also entitled to determine a floor limit for the minimum amount allowed under the COP/SBS for each particular offer.

14. The Bank reserves the right to disqualify any Customer from further participation, if in its judgment, the Customer has in any way violated these Terms and Conditions, or has violated the Credit Card Terms and Conditions.

15. The Bank shall be entitled to disallow/refuse any application form submitted by the Customer to it under COP/SBS without assigning any reason whatsoever.

16.  The Bank shall not be liable if it is unable to perform its obligations under these Terms and Conditions for any reason whatsoever.

17.  These Terms and Conditions shall be without prejudice to the existing Credit Card Conditions governing the issue of and use of the Bank’s Credit Card and shall apply to COP/SBS.

18. If at any time, dispute arises in connection with the COP/SBS or these Terms and Conditions, the Bank’s decision in connection with the same shall be final and binding. The Bank reserves the right to terminate the COP/SBS without prior notice.

19.  Each of these Terms and Conditions shall be severable and distinct from one another, if at any time anyone or more of such Terms and Conditions becomes invalid, illegal, or unenforceable, the validity, legality or enforceability of the remaining provisions shall not be in any way impaired or affected thereby.

20.  The Terms and Conditions shall be governed and construed according to the laws of Pakistan and only the courts in Lahore shall have jurisdiction to settle any dispute with regard to them. .

21.  Force Majeure: In the event of the occurrence of a Force Majeure event that directly affects the ability of the Bank hereto to perform its obligation hereunder, the Bank shall be entitled to suspend performance of such an obligation for the duration of the Force Majeure event. Force Majeure includes acts of God, war, riots, hostilities, revolution, civil commotion, strike, epidemic, accident, fire, flood, earthquake, explosion, blockade, and or any other cause similar to the kind herein enumerated or of equivalent force not within the control of the Bank.

22.  The Customer agrees that the Customer shall not have any claim of any kind against the Bank on the basis of or arising out of or relating to any of the instructions given above & that the Bank, its relevant officers & employees shall not be liable for any action undertaken pursuant to any instructions issued by the Customer.

23.  The Facility can only be availed till such time, as the Total Outstanding does not exceed beyond the Credit Limit notified by the Bank to the Customer for the Customer’s credit card. At any time if making payment of the amount will result in exceeding the Credit Limit, the Bank will not be obliged to pay the amount in terms of the instructions for the Facility and will not act upon the Customer’s instructions and the Customer will not be able to avail the Facility exceeding the Limit. Bank does not undertake any responsibility whatsoever for nonpayment of any such amount, and/or any resulting charges/mark-up/losses or any other liability as a result of such non-payment to the beneficiary or any other party.

24.  A processing fee of 2% will be applicable per transaction. The Bank reserves the right to change all the COP/SBS related fees and charges at its sole discretion.

25.  Pre-closure penalty will be 5% of remaining Credit amount or Rs. 1,000 (whichever is higher).

26.  The Cardmember agrees to reimburse the Bank for payment of any stamp duties and/or excise or other similar taxes or levies payable in connection with any advances, finances or credit provided by the Bank to the Cardmember or any Supplementary/Virtual Cardmember.

The bank may from time to time change the Terms and Conditions set out herein. Subject to the requirement of statute, notification of any such change shall be given to the Cardmember by the bank either in writing or by publication hereof.

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