|
The
following Schedule of Charges is associated with your Alfalah VISA
Card (Platinum, Gold & Classic). Please make a note of the following so that you are fully
informed of the charges on your Card.
|
Schedule of Charges |
|
|
Service Fee |
3.00% per month (36% APR) on cash advance
3.00% per month (36% APR) on retail transactions
1.50% per month (18% APR) on BTF transactions
1.75% per month (21% P.A. flat rate) on SBS transactions
(APR 31.23% to 36.74%)
Step-By-Step (SBS) - Factors & APR details:
|
Installment Plan |
Factor |
APR |
|
3 months |
0.350833 |
31.23% |
|
6 months |
0.184167 |
35.15% |
|
9 months |
0.128611 |
36.36% |
|
12 months |
0.100833 |
36.74% |
|
18 months |
0.073056 |
36.68% |
|
24 months |
0.059167 |
36.22% |
|
30 months |
0.050833 |
35.66% |
|
36 months |
0.045278 |
35.07% |
0.99% per
month (11.88% P.A. flat rate) on BTF to SBS transactions
(APR 17.73% to 21.44%)
BTF to SBS -
Factors & APR details:
|
Installment Plan |
Factor |
APR |
|
3
months |
0.343233 |
17.73% |
|
6
months |
0.176567 |
20.09% |
|
9
months |
0.121011 |
20.90% |
|
12
months |
0.093233 |
21.25% |
|
18
months |
0.065456 |
21.44% |
|
24
months |
0.051567 |
21.37% |
|
30
months |
0.043233 |
21.21% |
|
36
months |
0.037678 |
21.01% |
24% APR on
Credit on Phone to SBS Transactions
Credit on Phone to SBS - Factors & APR details:
|
Installment Plan |
Factor |
APR |
|
3
months |
0.34675 |
24.00% |
|
6
months |
0.17853 |
24.00% |
|
9
months |
0.12252 |
24.00% |
|
12
months |
0.09456 |
24.00% |
|
18
months |
0.0667 |
24.00% |
|
24
months |
0.05287 |
24.00% |
|
30
months |
0.04465 |
24.00% |
|
36
months |
0.03923 |
24.00% |
|
|
Late Fee |
Rs. 600/-
or 10% of minimum amount, whichever is higher. |
|
Cash
Payment Processing fee |
Rs. 100/- per transaction. |
|
Merchant Discount Charges |
Upto 5% of transaction amount.
|
|
VISA Mini Card Supplementary Fee |
Rs. 500/- |
Cash Withdrawal
Fee:
- Cash Advance Fee/Call & Pay Fee
- Acquiring Bank Charges
- Acquirer Cash Counter Fee
(off us cards) |
Rs. 500/- or 3%
of cash advance amount,
whichever is higher
1% of cash
advance amount
1% of transaction amount or Rs. 300/-,
whichever is higher |
|
Cheque / Cash
Pickup Fee |
Rs. 200/-
(available in cities having Bank Alfalah
branches) |
|
Over Limit Fee |
Rs. 600/- or 2%
of Over Limit amount,
whichever is higher |
|
Voucher
Retrieval Fee |
Local: Rs. 350/-
and International: Rs. 800/- |
|
Card
Replacement/Upgrade Fee |
Rs. 500/- |
Cheque Return
Charges/
Rejected AutoPay Service Fee |
Rs. 800/- |
|
Duplicate
Statement Charges |
Rs. 200/-
(whenever 1 month old) |
Step-By-Step (SBS)
/ Credit on Phone
to SBS Processing Charges |
2% of
transaction amount |
Step-By-Step (SBS)
/ Credit on Phone
to SBS Premature Settlement Charges |
5% on balance
amount or
Rs. 1,000/-, whichever is higher |
|
Credit Cover
Premium |
0.50% of
outstanding amount |
|
Utility Bill
Payment Charges |
Rs. 25/- per
utility bill |
|
Platinum /
Titanium Priority - Annual Fee |
Upto US $4.71
per annum |
Platinum /
Titanium Priority - Airport
Lounge Visit Fee |
Upto US $28.25
per visit |
|
SMS Alert Fee |
Rs. 25/- per
month |
|
Mobile Banking
Fee |
Rs. 5/- per
transaction |
|
Mobile PIN
Issuance |
Rs. 10/- per PIN |
|
Foreign
Transactions |
Upto 5% over
prevailing market rate or as per SBP
directive. Third currency transactions will be first
converted into US Dollars as per rate quoted under
arrangement with VISA and MasterCard. Cross
border transaction fee will also be charged as per
VISA / MasterCard rules. |
|
Arbitration
Charges |
US$ 500/- |
Insurance Plans
Cancellation Charge
(Life & Education Insurance Plan) |
Rs. 100/- |
|
Chip Maintenance
Fee |
Rs. 300/- for
Principal Cardmember
Rs. 300/- for Supplementary Cardmember |
These charges are subject to change on half yearly basis. You may
collect latest copy of schedule of charges from any nearest Bank
Alfalah branch. |
