Visa Credit Card
Smart Credit, Global Access, Secure
Visa Credit Card: Secure, global, flexible credit for Bhutanese.
A Visa Credit Card is a type of payment card that allows the cardholder to make purchases on credit, up to a predetermined credit limit set by the card issuer. Unlike a debit card, which directly deducts funds from the cardholder’s bank account, a Visa Credit Card allows cardholders to borrow money from the card issuer for transactions. Cardholders then need to repay the borrowed amount along with any accrued interest and fees within a specified billing cycle.
Eligibility
Bhutanese citizens above 18 years maintaining Savings or Current Deposit Accounts with T Bank and having a legitimate repayment source are eligible to avail the Visa Credit Card facility. This card can be availed by account holders having mode of operation as Individual, Either-or Survivor (E or S), or Sole Proprietorship. Students may also avail this facility with a maximum limit of USD 10,000/-
Please note that Thumb impression/joint signatories account holders are not eligible for the Visa Credit Card.
3 Years
Card Validity
Fees
Visa Credit Card | Amount (Nu.) |
|---|---|
Joining fee | 1000 |
Issuance Fee (Add on Card) | 500 |
Replacement Fee | 300 |
Renewal Fee (Primary Card) | 500 |
Renewal Fee (Add on Card) | 500 |
Annual Fee (Primary Card) | 500 |
Annual Fee (Add on Card) | 500 |
PIN Generation Fee | Free |
Interest on revolving credit facility per month | 2.5% |
Late Payment Fee | 250 |
FOREX Transaction Fee on Transaction Amount | 1.5% |
Cash Withdrawal Fee | Interest: 1.5% per month on withdrawn amount. Cash Fee: Nu.300 or 3% of withdrawal amount whichever is higher (ATMs) |
Repayment | Minimum due amount @ 25% of the total utilized amount within the month of billing statement. |
Over Limit Charges | Nu. 300 or 0.3% of the over limit amount whichever is higher |
Charges & Transaction Limit
T Bank’s VISA Credit card within Bhutan
Transacton Type | T Bank’s ATM | T Bank’s POS | Other Bank’s ATM | Other Bank’s POS |
|---|---|---|---|---|
ATM (Nu.) | POS (Nu.) | ATM(Nu.) | POS(Nu.) | |
Balance Enquiry | Free | Free | 5 | Free |
Cash Withdrawal / Purchase | 300 or 3% of withdrawal amount whichever is higher | Free | 9 | Free |
Mini Statement | Free | Free | 5 | Free |
Fund Transfer | Free | Free | - | Free |
PIN Change | Free | Free | 5 | Free |
Daily Limit | 40,000 | Unlimited | 40,000 | Unlimited |
Monthly Limit | - | - | - | - |
Yearly Limit | - | - | - | - |
Transaction count per Day | 20 | Unlimited | 20 | Unlimited |
ATM Issuer Fee @ Nu 9/- for cash withdrawal on BFS Network(other Banks’s ATM) to be applied only after 5th transaction.
T Bank’s VISA Credit card used outside Bhutan wherever VISA is accepted
Transaction Type | VISA-Accepted ATMs | VISA-Accepted POS | VISA-Accepted ATMs | VISA-Accepted POS |
|---|---|---|---|---|
ATM (INR) | POS (INR) | ATM (USD) | POS(USD) | |
Balance Enquiry | 20 | Free | 20 | Free |
Cash Withdrawal / Purchase | 300 or 3% of withdrawal amount whichever is higher | Free | 300 or 3% of withdrawal amount whichever is higher | Free |
Mini Statement | Free | Free | - | Free |
Fund Transfer | Free | Free | - | Free |
PIN Change | Free | Free | - | Free |
Daily/Monthly Limit | 45,000 | 150,000 | - | - |
Yearly Limit | - | - | 1000 | 1000 |
Transaction count per Day | 20 | Unlimited | 20 | Unlimited |
Documents Required
- Copy of Citizenship Identity Card
- Copy of Citizenship Identity Card for Add on applicant
- Latest one passport size color photograph
- Authenticated and latest salary slip/salary certificate by Department/ Organization
- Copy of latest PIT Assessment and renewed license copy (for self-employee)
- Copy of BIT Certificate and renewed license copy (self-employed, professional and businessman)
- Contact letter (for contact employee)
- Letter of consent for extension of existing securities (if offered)
- Ownership certificate for new fixed security (if offered)
- FDR receipt/certificate endorsed and stamped with two signatures at the back (if offered)
- Copy of valid passport (for international cards)
