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Bank Alfalah Credit Card Features
 
 

SCHEDULE OF CHARGES

The following Schedule of Charges is associated with your Alfalah Titanium MasterCard. Please make a note of the following so that you are fully informed of the charges on your Card.

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
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%
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 0.06670 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, which ever is higher
Cash Payment Processing Fee Rs. 100/- per transaction
Merchant Discount Charges Upto 5% of transaction amount
VISA Mini Supplementary Card Fee Rs. 500/- per supplementary card
Cash Withdrawal Fee:  
- Cash Advance Fee/Call & Pay Fee Rs. 500/- or 3% of cash advance amount, whichever is higher
- Acquiring Bank Charges 1% of cash advance amount
- Acquirer Cash Counter Fee (off us cards) 1% of transaction amount or Rs. 300/-, whichever is higher
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 $28.25 per visit
SMS Alert Fee Rs. 25/- per month
Mobile Banking Fee Rs. 5/- per transaction
Merchant Cash Advance Incentive Rs. 25/- per transaction
Mobile PIN Issuance Rs. 10/- per PIN
Arbitration Charges US$ 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 of our nearest BAL branch.

 
 
 
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