Switch to zero percent mark-up on balance transfers for a whole year with Silkbank Credit Card. Silkbank provides you the one-time opportunity to transfer your current credit card balance to your Silkbank Credit Card at a Balance Transfer Rate of 0% for 12 months. They provide the smartest way of reducing credit on your high-interest-bearing credit cards.
Silkbank credit card comes in two variations; Silkbank Visa Credit Card and Silkbank Gold Credit Card. Each of these cards offers unique perks and benefits to cardholders at different rates
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Silkbank Visa Credit Card
The Silkbank Visa Credit Card offers cardholders access to a rich and luxurious lifestyle because of it’s many discount offers provided on shopping, travel, and dining as well as cashback and discounts.
Silkbank Visa Credit Card Benefits
- Firstly, 0.25% cashback on all retail purchases made in Pakistan
- Secondly, 0.5% cashback rate on retail purchases for those who travel
- Offers cardholders Zero% feature, which enables them to transfer an existing credit card balance to the Silk Visa credit card with a 0% fee for the first 12 months. With discounts in places such as FoodPanda, Bella Vita, DHL and Center Flora, etc.
- Silkbank Visa credit card offers Treasure Chest benefit to its cardholders. These access offers are renewed every quarter. This offer covers Samsung Mobiles, PEL Home Appliances, and a Honda Bike although the offer varies from time to time.
- It also offers a 0% Instalment plan which gives users access to purchase certain items.
Silkbank Visa Credit Card Fees/Rates
- Annual Fee – PKR 4,000
- Supplementary Fees – PKR 500
- Chip Maintenance Fee – PKR 1,000
- Withdrawal Fee – PKR 1000
- Late Payment Fee – PKR 2000
- Overlimit Fee – PKR 2000
- Foreign Transaction Fee – 3.5%Minimum Monthly Payment – 5% or PKR 500
- Monthly Rate – 3.5%
- Cash Advance Fee – 42%
- Balance Transfer Fee – 0% for 12 months.
- Silkbank Gold Credit Cards
Silkbank Gold credit cards offers cardholders Cashback, Discounts, and Balance transfer benefits. It comes in handy for those who love shopping.
Silkbank Gold Credit Cards Benefits
- Firstly, 0.25% cashback on all retail spends
- Secondly, offers cardholders huge discounts at different stores like Puma, Tommy Hilfiger, and TransAsia.
- Silkbank Gold credit cards also offers a Treasure Chest benefit, which users can take advantage of, on a number of electronic items, food, and travel.
- It’s 0% Instalment plan offers cardholders a 0% interest on the purchase of certain items like watches, golf, and iPhones.
- Lastly, for globe trotters, the card’s global offer grants them access to savings, that can be made on a range of services like hotels, health clubs, and dining.
Silkbank Gold Credit Cards Fees/Rates
- Annual Fee – PKR 4,000
- Supplementary Fee – PKR 500
- Chip Maintenance Fee – PKR 1,000
- Cash Withdrawal Fee – PKR 1000
- Foreign Transaction Fee – 3.5%
- Late Payment Fee – PKR 2000
- Overlimit Fee – PKR 2000
- Minimum Monthly Payment – 5% or PKR 500
- Monthly Rate – 3.5%
- Cash Advance Rate – 42%
- Balance Transfer Rate – 0% for the 12 months.
Silkbank Visa Credit Cards & Silkbank Gold Credit Card Joint Benefits
This range of benefits are common with both cards;
- Silk Protect: This feature waves all outstanding balances to protect your loved ones, in case of your demise.
- Supplementary Cards: With this benefit offer, you can apply for up to five additional cards for family and friends, which comes at no extra cost.
- SMS and E-Alerts: You get SMS or email alerts of all transactions that takes place on the card
- Withdraw Cash: You can withdraw up to PKR 25,000 from all Silk Bank ATMs in Pakistan
- Worldwide Acceptance: Your Silkbank credit card, can be at 28 million locations around the globe
- Security: Silkbank credit cards are given additional security via the Verified by Visa feature.
How to Apply for Silkbank Credit Cards
Application Criteria
- Applicants must be 21-60 years for salaried and 23-65 years for Self Employed Customers.
- Should, have a Minimum Monthly Income of PKR 40,000 for salaried & PKR 150,000 for Self Employed Customers
- Proof of Income:
- Salaried customers, are expected to have; Latest salary slip/certificate
- Self-employed customers are to produce a 6 months bank statement.
How to Apply
- Firstly, scroll to the Silk Bank Credit Cards Apply Now page
- Fill in the following details; First name, Last name, Date of birth, C.N.I.C, Email address, Mobile prefix, Mobile number, City, Employment status, Net income ( PKR ), Please insert code.
- Lastly, tap on the “Submit”.
How to Activate Silkbank Credit Cards
To activate your newly acquired Silkbank credit cards, call at 0800-07455.
How to Make Silkbank Credit Cards Bill Payment
By Cheque or Cash
- Fill out the deposit slip at the nearest Silkbank branch.
- call Phone Banking, at 111-100-777, to enroll for Direct Debit, For payment to be debited from your Silkbank Account automatically every month.
Silkbank Credit Cards Customer Service Number
Call: 111-100-777, to gain access to a customer care agent.