Getting a MCB Credit Card: Your Comprehensive Guide

MCB Bank offers a solid range of credit cards (Classic, Gold, and Platinum) designed for various lifestyles and spending habits.

These cards come with flexible features like Equal Monthly Installments (EMIs), balance transfers, and a robust reward points program. While annual fees apply, they can often be waived based on your spending. Let’s explore how you can get one and what to expect.

MCB Credit Card: Eligibility Requirements

Before applying, ensure you meet these general conditions:

• Age: Minimum 21 years for the primary cardholder. For supplementary cardholders, the minimum age is generally 18 years, though this can vary.
• Residency: Must be a Pakistani citizen with a valid CNIC.
• Account Status: Both existing MCB account holders and non-customers can apply. While non-customers are welcome, opening an MCB account might be part of the credit card application process.
• Credit History: A good credit standing is generally recommended. MCB, like other banks, will check your credit profile for any significant defaults.

Income Requirements

MCB sets minimum income criteria that vary by card tier and are subject to the bank’s internal policies. You will need to provide verifiable proof of income.

• Salaried Individuals: Required gross monthly income varies by card type (Classic, Gold, Platinum). You will typically need to provide recent salary slips and/or an employer’s letter.
• Self-Employed or Business Owners: Requires proof of stable income, such as recent bank statements, tax returns, and relevant business documentation.

MCB Credit Card Application Methods

MCB makes it straightforward to apply:

• Online Application: Visit the MCB Bank website or use the MCB Live App. Choose your desired card, fill out the digital application form, upload the necessary documents, and submit.
• In-Branch Application: Visit any MCB branch. A representative can assist you in selecting your card, completing the application form, and providing required documents like your CNIC, proof of income, and address verification.

Required Documents

Be ready with the following documents when applying:

• Copy of valid CNIC
• Latest salary slips (for salaried individuals)
• Last six months’ bank statements (for self-employed applicants)
• Business registration or NTN certificate (for businessmen)

MCB Credit Card: Approval and Activation

• Approval Timeline: Applications typically take 5–7 business days to process. Pre-screened or eligible applicants might experience a faster turnaround.
• Card Delivery: Once approved, your credit card will be dispatched to your registered mailing address via courier.
• Activation Process: Upon receiving your card, you can activate it by calling the MCB helpline at 111-000-622, or by using the MCB Live App. You will also set your 4-digit PIN during activation.

Benefits of MCB Credit Cards

MCB cards are designed with a range of rewarding features:

• Annual Fees & Waivers: MCB credit cards do have annual fees, which vary by card type. However, these fees can be waived if you meet specific spending criteria.
  • Annual Fees (July to Dec 2023 rates, subject to change):
    • Classic Card: PKR 6,000 p.a. (Basic), PKR 2,800 p.a. (Supplementary)
    • Gold Card: PKR 8,500 p.a. (Basic), PKR 4,200 p.a. (Supplementary)
    • Platinum Card: PKR 16,000 p.a. (Basic), PKR 7,000 p.a. (Supplementary)
  • Annual Fee Waiver Conditions (Effective July 1, 2025): You can get your annual fee reversed by spending a specified amount within 60 days from the date the fee is charged.
    • Classic Basic Card: PKR 30,000
    • Gold Basic Card: PKR 75,000
    • Platinum Basic Card: PKR 150,000
    • For supplementary card waiver amounts, please refer to the latest MCB Fee Information document.
• Reward Points Program (i-Party): Earn 1 reward point for every PKR 50 spent on retail purchases. These points can be redeemed via the i-Reward/i-Shop catalog for products, vouchers, or direct cashback.
• Airport Lounge Access: Lounge access benefits, often including Priority Pass or LoungeKey, are typically available on MCB’s higher-tier (e.g., Platinum) credit cards, providing access to a wide network of airport lounges globally. This benefit is usually not extended to Classic or Gold card tiers.
• Cash Withdrawal (i-Cash): Opt for cash advances up to 50% of your credit limit at any ATM across Pakistan or worldwide.
• Installment Payment Plans (i-Plan): Convert purchases into easy monthly installments (e.g., 3–36 months). Minimum purchase amount for conversion is typically PKR 3,000.
• Balance Transfer (i-Switch): Move outstanding balances from other bank credit cards to your MCB Credit Card at competitive rates.
• Insurance Coverage: Complimentary insurance benefits typically include Credit Security (card payment cover against injury, disability, or death) and Zero Loss Liability (protection against fraudulent transactions on a lost card when reported promptly). Other types of insurance, such as travel inconvenience, may be offered on specific premium cards.
• Security Features: MCB cards are equipped with advanced security features including EMV chip technology, Verified-by-Visa for online transactions, and i-Secure anti-fraud protections.
• Emergency Credit (i-Dial) & Education Installments (i-Educate): i-Dial provides cash advance facilities with installment options, while i-Educate offers flexible repayment solutions for school or college fees.

Final Thoughts

MCB’s credit card range offers a blend of global acceptance, essential financial tools, and rewarding features. While annual fees apply, their waiver conditions make it possible to enjoy the benefits without the fee. The ability to convert purchases into installments, transfer balances, and access various insurance coverages adds significant value. Whether you’re looking for everyday financial control or lifestyle perks, MCB’s Classic, Gold, and Platinum options are worth considering.

Note: All fees, charges, benefits, and eligibility criteria are subject to change by MCB Bank Limited.