Mercantile Bank Limited

Cash advance:

• MBL Card to MBL ATM: No Cash advance fee.
• MBL Card to other Q-Cash ATM: Tk. 10 per transaction.
• MBL Card to Brac Bank & DBBL ATMs: Tk. 20 per transaction.
• MBL Card to other ATM: 2% of transaction amount or Tk. 125, whichever is higher.
• For International Cards: US$3 or 2% of transaction amount, whichever is higher.

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MBL international Credit card can be used both in Bangladesh and foreign country. There are Two types of International Card . These are : 

• VISA Classic International Card
•  VISA Gold International Card

The Difference lies on the limit of the cards and annual fees . Annual Fee is $ 35 and $70 respectively.

Minimum Payment:

When the outstanding in the statement is less than or equal to the credit limit, the minimum payment for the current month is as under:

• For International Card: 5% of the billing amount or USD 25 whichever is higher. if the billing amount is less that USD 25, it should be paid in full
• For Local Card: 5% of the billing amount or Tk. 500 whichever is higher. If the billing amount is less than Tk. 500, it should be paid in full

• In case of POS transactions, if the entire amount is not paid within the payment due date, interest will be charges @ 2.5% per month on daily basis from the date of transaction.
• In case of cash Withdrawal, interest will be charged @ 2.5% per month on daily basis from the date of transaction irrespective of payment due date.
• if the cardholder repay the entire amounth within due date payment no interest will be charged and thereby cardholders enjoy maximum 45 days credit facilities without interest for POS transactions.
• if the cardholder repay the minimum payment amount as shown in the credit card account statement within the payment due date then no late payment penalty will be charged.
• Credit Card account statement is generated on monthly basis if there is any outstanding in the cardholder account.