Are you looking for the best credit card in Pakistan that suits your needs?
With so many options available, finding the right one can be overwhelming. Whether you’re a frequent traveler, a shopaholic, or a real estate developer/investor who wants to build credit, choosing the right credit card is crucial.
In this blog post, we’ll guide you through the top credit cards in Pakistan that offer the best rewards, benefits, and features. We’ll also provide you with essential information to help you make an informed decision.
Everything about Credit Cards in Pakistan
In finance, the changes have brought positive growth and storms, leading to the introduction and usage of financial tools like credit cards. They are convenient enough to purchase, access credit, and pay bills.
It provides several credit options, but it is sometimes difficult to evaluate which option is the best to select from to fulfill our needs.
Hence, having a credit card symbolizes status and better living standards; let’s quickly overview all the credit cards available in Pakistan.
First thing first, what are credit cards and how are they different from one another.
What are Credit Cards?
The credit card allows you to avail cash if you are short of it or need more cash when shopping. A credit card is the mean of payment without using cash. It is borrowing money from the bank or a financial institution that issued the card.
This card could be easily used to make purchases online, in-store, or anywhere that accepts card payments. The amount borrowed has to be paid back usually in a month’s duration; failed to pay in the given time frame will incur an interest amount as an added fee.
Some credit cards have attractive benefits like discount prices, cashback, travel discounts, and additional rewards, depending on the respective to facilities and policies by the credit company. Credit cards are the most convenient and valuable, but yes, don’t forget these cards could be a bit risky if not used wisely.
Types of Credit Cards
- Balance Transfer Credit Card: A balance transfer credit card allows you to transfer the balance from one or more credit cards to a new card with a lower interest rate or promotional period. This can help you save money on interest charges and pay off your debt faster.
- Cash Back Credit Card: A cashback credit card is a type of credit card that rewards you with a percentage of cashback for every purchase you make using the card. The cashback can be redeemed as a credit on your account or deposited into your bank account.
- Reward Credit Card: A reward credit card is a type of credit card that offers reward points, miles, or cash back for every purchase made using the card. These rewards can be redeemed for travel, merchandise, statement credits, or other benefits the credit card issuer offers.
- Discount Credit Card: A discount credit card offers discounts and special offers with partner retailers and businesses. These discounts range from cashback, reward points, or exclusive deals with specific merchants. The cardholder can save money by using the card at these partner retailers and businesses.
- Travel Credit Card: A travel credit card is a type of credit card that offers rewards and perks tailored toward travelers. These perks may include reward points or miles for travel-related purchases, travel insurance, airport lounge access, waived foreign transaction fees, and other benefits to help travelers save money and enhance their travel experience.
How to choose the Best Credit Card?
Choosing the best credit card in Pakistan can be challenging as various options are available in the market. However, here are some factors that you can consider to help you choose the best credit card for your needs:
- Annual Fees: The annual fee is essential when selecting a credit card. Some credit cards offer no yearly or waived fee for the first year, while others may have high annual fees with added benefits.
- Interest Rates: The interest rate is the cost of borrowing money from the credit card issuer. It is essential to choose a credit card with a low-interest rate to avoid paying more than you need to.
- Rewards Program: Many credit cards offer rewards programs that allow you to earn points or cashback for every purchase you make. Choose a credit card that offers rewards that align with your spending habits.
- Cash Withdrawal and Balance Transfer Fees: It is essential to consider cash withdrawal and balance transfer fees as they can add up quickly and increase your credit card balance.
- Customer Service: A credit card with good customer service can be helpful in case of any issues or queries. Choose a credit card issuer that has responsive customer service.
- Low Annual Fees: Look for a credit card with low or no annual fees to avoid paying unnecessary charges.
- Low-Interest Rates: Choose a credit card with a low-interest rate to avoid accruing high balances on your card.
- Reward Programs: Look for a credit card with a reward program that aligns with your spending habits, such as cashback or reward points.
- Cash Withdrawal and Balance Transfer Fees: Avoid credit cards with high cash withdrawal and balance transfer fees, as they can add up quickly.
- Credit Limit: Choose a credit card with a reasonable credit limit that matches your spending needs.
- Fraud Protection: Ensure that the credit card issuer offers fraud protection and security features to keep your card safe from fraudulent activity.
- Online Access: Choose a credit card that offers online access to easily manage your account, make payments, and track your spending.
- Sign-up Bonuses: Some credit cards offer sign-up bonuses, such as reward points or cashback, when you open a new account. Consider these before choosing a credit card.
- Partner Discounts: Some credit cards offer discounts and perks with partner retailers and businesses. Look for a credit card that offers these additional benefits if align with your interests and lifestyle.
Best credit cards in Pakistan
Credit Card | Bank | Annual Fee (PKR) | Key Rewards / Cashback | Notable Features | APR |
Faysal Islami Noor Velocity / Classic | Faysal Bank (Islami) | 4,000 | 2x dining, 3x charity (per Rs.50) | Shariah-compliant, discounts, 0% installments | 40–42% |
Faysal Islami Noor Blaze / Gold | Faysal Bank (Islami) | 6,750 | 3x charity rewards | Lounge access (KHI & PEW), premium design | 40–42% |
Faysal Islami Noor Titanium | Faysal Bank (Islami) | 7,750 | 2x groceries, 3x charity | Intl lounges, lifestyle offers | 40–42% |
Faysal Islami Noor Platinum | Faysal Bank (Islami) | 10,000 | Standard reward points | 27+ international lounges | 40–42% |
Faysal Islami Noor World | Faysal Bank (Islami) | 16,000 | 3x charity rewards | Golf access, luxury travel perks | 40–42% |
UBL Visa Silver | UBL | 2,000 | Reward points per spend | Travel insurance, CIP lounges | 40% |
UBL Visa Gold | UBL | 6,500 | Rewards convertible to cash | Family supplementary cards | 40% |
UBL Visa Platinum | UBL | 6,000 | Enhanced reward points | Priority Pass lounges | 40% |
UBL PSO Auto Card (Gold) | UBL | 4,000 | 5% fuel cashback | Ideal for high fuel usage | 40% |
Bank Al-Habib Green Card | Bank Al-Habib | 0 | 1 point per Rs.50 | Low markup, retail discounts | 25% |
Bank Al-Habib Gold Card | Bank Al-Habib | 0 | 1 point per Rs.50 | Intl lounge access | 25% |
Askari Classic MasterCard | Askari Bank | 3,000 | 1 point per Rs.50 | Fee waiver on spend | 38.4% |
Askari Gold MasterCard | Askari Bank | 5,000 | Reward points | Insurance up to Rs.8M | 38.4% |
Askari Platinum MasterCard | Askari Bank | 6,500 | Reward points | CIP lounges, BTF option | 38.4% |
Askari World MasterCard | Askari Bank | 8,000 | Reward points | LoungeKey (500+ airports) | 36% |
HBL Green Credit Card | HBL | 3,000 | 1 point per Rs.25 | Retail & dining discounts | 39% |
HBL Gold Credit Card | HBL | 6,000 | 1 point per Rs.25 | Insurance & lifestyle offers | 39% |
HBL Platinum Credit Card | HBL | 10,000 | 5x rewards on FX spend | Airport lounges | 39% |
HBL FuelSaver Green | HBL | 3,000 | 3% fuel cashback | Low fuel spend users | 39% |
HBL FuelSaver Gold | HBL | 6,000 | 5% fuel cashback | High fuel spend users | 39% |
MCB Classic Credit Card | MCB | 0 | Reward points | Dining discounts | 39% |
MCB Gold Credit Card | MCB | 0 | Reward points | Priority Pass lounges | 39% |
MCB Platinum Credit Card | MCB | 0 | Reward points | Travel & ticket insurance | 39% |
Standard Chartered Easy Card | SCB | 3,000 | Discounts worldwide | Low markup, 0% plans | 30–36% |
SCB Cashback Card | SCB | 3,000 | 5% cashback | Fuel, grocery & electronics | 42% |
SCB Titanium Card | SCB | 6,000 | 5% cashback | Concierge & CIP lounges | 42% |
SCB Visa Platinum | SCB | 7,000 | Reward points | Global concierge services | 42% |
SCB WorldMiles | SCB | 8,000 | 1 mile per Rs.40 | Travel & airline redemptions | 42% |
Allied Visa Gold | Allied Bank | 2,000 | Standard rewards | CIP lounge (KHI) | 32% |
Allied Visa Platinum | Allied Bank | 4,000 | Reward points | VIP lounges | 32% |
JS Bank Classic | JS Bank | 0 | Discounts nationwide | Fee waiver on spend | 40% |
JS Bank Gold | JS Bank | 0 | Discounts nationwide | Auto-debit settlement | 40% |
JS Bank Platinum | JS Bank | 0 | Discounts & insurance | CIP lounges | 40% |
Silk Bank Gold Visa | Silk Bank | 4,000 | Cashback on spend | 0% APR first year | 42% |
Silk Bank Platinum Visa | Silk Bank | 8,000 | Higher cashback | Travel & lifestyle perks | 42% |
Bank Alfalah Classic | Bank Alfalah | 0 | Orbit reward points | Easy installments | 40% |
Bank Alfalah Gold | Bank Alfalah | 0 | Orbit rewards | CIP lounge access | 40% |
Bank Alfalah Titanium | Bank Alfalah | 0 | Double rewards intl | AMEX benefits | 40% |
Bank Alfalah Ultra Cashback | Bank Alfalah | 4,999 | 7% cashback (capped) | Fuel, dining & shopping | 40% |
- Standard Chartered Platinum Credit Card
- HBL Platinum Credit Card
- Meezan Titanium Mastercard Credit Card
- Allied Bank Classic Credit Card
- Bank Alfalah Credit Card
Crediting up
Choosing the best credit card is an important decision that requires careful consideration of your financial goals and spending habits.
Whether you’re looking for rewards, cashback, or low interest rates, there are credit cards available in Pakistan that can meet your needs.
By comparing the features and benefits of different credit cards, you can find the one that’s right for you. Remember to read the terms and conditions carefully, and use your credit card responsibly to avoid debt and interest charges.
We hope this guide has helped you make an informed decision on the best credit card in Pakistan for your needs.
