Credit Card Interest Rate Bangladesh

Credit Card Interest Rate Bangladesh. Credit Card Bank Interest Rate Bank Wise an overall description has been given here. Credit Card Bank Interest Rate Calculation, Verification, and an Evaluation will be found here. Credit Card well-known as “plastic money” is making life easy, burden free & amusing day by day.

Credit Card Interest Rate Bangladesh

Credit Card as Plastic Money an Introduction

Credit Card Interest Rate Bangladesh. Modern life, especially Credit Card is very essential for City life. This card well-known as “plastic money” is making life easy, burden free & amusing day by day. Although peoples buy a product with Credit Card, but Credit Card is also a Special Product by the side of Bank. Bank receives/takes Annual Charge from the customer by the sale of this product (Credit Card). In exchange of that customer gets the opportunity of cash withdrawn or shopping through Credit Card.

The customer is bound to repay the bank money in a particular period. In the question of interest comes only for failure to pay back the money. Generally, monthly basis up to 2 to 2.5% interest takes over the Banks from the customer.

Evaluation of Credit Card Interest Rate Bangladesh

Planning for your shopping decision or gets the opportunity of cash withdrawn or make a payment you must think in mind you carry cash or cash equivalent?  Carrying cash is very risky for today’s life. So Credit Card is the best solution as a cash equivalent. But the question in mind which Bank’s Credit Card do you prefer most? To take the best decision, you need to verify Credit Card Bank Interest Rate first. Then which Bank Credit Card how Much Interest Rate? Or how much Interest on Bank Credit Cards? Benefits and disadvantages of Bank’s Credit Card etc.

Credit Card Interest rateAn Overall Description of Credit Card Interest Rate Bangladesh

Credit Card Interest Rate Bangladesh. Twenty-nine Bank’s (29) credit card annual interest rate has been shown in the Bangladesh Bank’s Website. Only Sonali and Janata Banks’s have Credit Card among eight (8) State-owned commercial and specialized banks. According to statistics on last September-2015, 25 Banks have credit card among non-Government commercial bank. Standard Chartered Bank, HSBC, Bank Al-Falah also have Credit Card among foreign nine (9) Bank’s. Use of these cards customers has to pay interest up to 18% to 36%. Although most of the Bank’s take interest up to 30%.

Only three (3) Bank’s take the lowest interest of 18%, these are Bangladesh Commerce Bank, Jamuna Bank and Dutch Bangla Bank (DBBL). After this, the lowest interest rate 19.50% is HSBC Bank. Interest rate of Bank Al Falah is 21.24%. Five (5) Banks’ take fixed interest of 24%; these are Janata Bank, Dhaka Bank, IFIC Bank, Standard Bank and Southeast Bank. Besides these,

National Bank’s Credit Card Interest rate is 27%

Brac Bank’s Credit Card Interest rate is 27% to 30%

NRB Bank’s Credit Card Interest rate is 28%

One Bank’s Credit Card Interest rate is 28.50% to 31.50%

There are 13 Banks which take interest 30%.the Bank are as

AB Bank, Bank Asia, Eastern Bank Ltd, Exim Bank, Midland Bank, Premier Bank, Mercantile Bank, Mutual Trust Bank, NCC Bank, Farmers Bank, South Bangla Bank, Shahjalal Bank and Trust Bank.  Out of these, Standard Chartered Bank takes 30% to 33% interest. City Bank Credit Card Interest Rate is 36%.

Which Bank Credit Card How Much Interest Rate Published in the Daily Prothom-Alo

Credit Card Bank Interest RateSummarized

Bank Wise Credit Card Bank Interest Rate at a glance:

             Bank Name           Interest Rate on Credit Cards (Maximum)
Bangladesh Commerce Bank 18%
Jamuna Bank Limited 18%
Dutch Bangla Bank (DBBL) 18%
HSBC Bank 19.50%
Bank Al Falah 21.24%
Janata Bank Limited 24%
Dhaka Bank Limited 24%
IFIC Bank Limited 24%
Standard Bank Limited 24%
Southeast Bank Limited 24%
National Bank Limited 27%
Brac Bank Limited 27% to 30%
NRB Bank 28%
One Bank Limited 28.50% to 31.50%
AB Bank Limited 30%
Bank Asia Limited 30%
Eastern Bank Limited 30%
Exim Bank Limited 30%
Midland Bank 30%
Premier Bank Limited 30%
Mercantile Bank Limited 30%
Mutual Trust Bank Limited 30%
NCC Bank Limited 30%
Farmers Bank 30%
South Bangla Bank 30%
Shahjalal Islami Bank Limited 30%
Trust Bank Limited 30%
Standard Chartered Bank 30% to 33%
City Bank Limited 36%
Credit Card Bank Interest Rate-Choice the Best One

Credit Card Interest Rate Bangladesh Summarized Bank wise Credit Card Bank Interest Rates are described above. So, take the decision to choice the best one of your Credit Card. According to the rules of Bangladesh Bank the Maximum limit of a Credit Card or Money expense power limit of a Credit Card is TK 5 Lac (Taka 500,000). This limit is fixed in the basis of the Customer’s Monthly Income. According to the Information of Central Bank (Bangladesh Bank) Total Credit (Accumulating of all Banks), Cards of last June-2015 had 564,459. Within Brac Bank had 65,572 Credit Cards, EBL had 63,043, Prime Bank had 45,071 Southeast Bank had 26,875 Credit Cards and City Bank had 173,532 Credit Cards.

You may also visit Bangladesh Bank, the Central Bank of Bangladesh. The Website is www.bb.org.bd

You also may take your  fruitful Investment Decision by Visit:

FDR Interest Rates Bank wise

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