| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
Burgan Bank Visa Classic Card
|
Minimum Salary: KWD 400 | Salary Transfer: No | Islamic Finance: No | Cashback: No | Annual Fee: KWD 40 | Rate: 0.5% |
The Visa/MasterCard Classic card is ideal first card because of its simplicity, flexibility and world wide recognition. Whether you're a student, employee, or someone trying to to establish credit, ask about Classic Card that is designed to meet your needs.
Visa/MasterCard Classic Card Features:
If you spend KWD 1,200 at a purchase interest rate of 18.9% (variable) your representative APR will be 18.9% (variable).
Visa/MasterCard Classic Card Features:
- Credit limit up to 5 times your salary or income
- Customers with a minimum salary of KD 400
- Card Limit ranges from KD 150 to KD 1000
- A choice of VISA or MasterCard Classic Charge Card or Revolving Credit Card
- Free annual membership for the first year
- Make purchases and withdraw money wherever the MasterCard signs are displayed at points of sales
If you spend KWD 1,200 at a purchase interest rate of 18.9% (variable) your representative APR will be 18.9% (variable).
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
