All the types of debit cards and credit cards offered by Meezan Bank.
Meezan Bank is the best bank when it comes to customer service and support. It is recognized as the best Islamic Bank in Pakistan. Meezan Bank provides different debit cards.
A debit card is a card that we use to access and utilize the money present in our bank account. We can use this money for shopping at malls or online. We can also withdraw money from the bank. We can use it for online local and international transactions. We can use it until all the amount in our account is used. We cannot use this card without money in our account.
Debit cards are a much more convenient way of sending, transferring, or managing our funds. It is a revolutionized payment method and it is easy to use too.
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Types of Debit Cards Meezan Bank Offers
Meezan Bank provides a variety of debit cards. These debit cards are of both Visa and MasterCard. There are sub-types of Visa and MasterCard debit cards. Along with these cards, we also get a PayPak debit card. We will explore all the debit cards provided by Meezan Bank.
Visa Debit Cards
Visa is an international payment solution technology. It is accepted globally by the vast majority of merchants and banks. Visa provides a range of different cards at different prices. These prices vary from region to region and depend upon the card issuing bank. Visa partners with Banks in different countries and provide cards. Visa is used as debit cards, credit cards and prepaid cards.
Visa Silver Debit Card
A silver debit card or classic debit card is like a gold debit card. It can be used to purchase online, shop, dine, and cash withdrawal. It cost less than a gold debit card. It can be used for e-commerce purchases and online transactions.
Visa Gold Debit Card
The gold debit card is just a simple card that can be used to make transactions, withdraw cash and spend money online. It is accepted nationwide.
Visa Platinum Debit Card
The platinum card is a mid-range premium card if we look at and compare all the cards. It is not so expensive compared to other cards provided with the feature and benefits it provides. The platinum debit card is good for who are travelers. It is accepted globally and nationwide. You can withdraw cash from domestic ATMs as well as International ATMs.
Visa Infinite Debit Card
Infinite debit card as the name suggests is a unique and powerful card. It is the most expensive card provided by Meezan Bank. This infinite card is unique in such a way that it has no limitations or restrictions. You can use this card anywhere everywhere. It is accepted globally and nationally at 2 million plus ATMs and more than 33 million merchant stores.
If you are a frequent traveler, you must have it. It is provided free if you are a premium customer. Free and VIP services are provided at different airports. You can pay for dining globally. These are the things a normal card cannot support.
Visa Supplementary Debit Card
Supplementary cards are a type of debit card in which you create a debit card for your loved one, family, or relatives. You can give this card to them and allow them to use this card and spend some of your money in the bank. It is most helpful if you live in a different city and your loved one in another. Your cardholder (supplementary) can pay their fees, shop online or at malls, dine and much more.
You can control how much they spend and you can also track what they have used the money for. You get a notification every time a transaction is made. So, it is very helpful in sharing your money with your near and dear ones.
MasterCard Debit Cards
MasterCard is a payment gateway provider. It uses the latest technologies to secure our data and prevent unauthorized transactions. MasterCard is one of the most popular payment solution providers other than Visa. It is used by companies and banks globally. MasterCard is accepted globally.
MasterCard Titanium Debit Card
Titanium card is accepted globally but you don’t get too many discounts globally. Countrywide you get some good deals and discounts. You can use this card for travel, fuel, dining, and shopping. It is not so expensive and better than the Visa Gold/Silver debit cards.
MasterCard Platinum Debit Card
Platinum is a mid-premium card that can be used to get global discounts and special privileges globally. You get amazing discounts nationwide. Accepted globally by many ATMs and merchants. Can be used to pay for food, rent, fuel and shopping. Special lounges are available at different airports globally.
MasterCard World Debit Card
The World debit card is a card that provides you freedom with what you can do with your card around the world. It is globally accepted and provided a range of benefits to its users. It has many features. Good for flyers and can be used at ATMs in other countries. It is the second most expensive Meezan debit card after Visa Infinite. You get world privileges with this card.
PayPak Debit Card
PayPak is a card issued in 2020 by 1Link under the supervision of the State Bank of Pakistan. It is the first Pakistani card to be used as a payment card and finance tool. It is currently provided by 35 banks in Pakistan and Meezan Bank is one of them.
Comparison of All Meezan Bank Debit Cards
| Debit Cards | Annual Charges Applicable | ATM Charges (other than Meezan ATMs) | Card Replacement Charges (Lost, Stolen, Damaged) | Maximum With-Drawl Limit Per Day |
|---|---|---|---|---|
| Visa Silver Debit Card | Rs. 1,900 + 300 Tax | Rs. 23.44 per Transaction | Rs. 1,900 + 300 Tax | Rs. 50,000 |
| Visa Gold Debit Card | Rs. 2,300 + 300 Tax | Rs. 23.44 per Transaction | Rs. 2,300 + 300 Tax | Rs. 100,000 |
| Visa Platinum Debit Card | Rs. 5,000 +Tax | Rs. 23.44 per Transaction | Rs. 5,000 +Tax | Rs. 200,000 |
| Visa Infinite Debit Card | Rs. 25,000 + Tax/ Free for Premium Customers | Rs. 23.44 per Transaction | Free | Rs. 700,000 |
| Visa Supplementary Debit Card | Depends upon what type of card you want | Rs. 23.44 per Transaction | Same as Annual Charges | |
| MasterCard Titanium Debit Card | Rs. 3,200 + Tax | Rs. 23.44 per Transaction | Rs. 3,200 + Tax | Rs. 150,000 |
| MasterCard Platinum Debit Card | Rs. 5,000 +Tax/ free for premium Customers | Rs. 23.44 per Transaction | Rs. 5,000 +Tax | Rs. 200,000 |
| MasterCard World Debit Card | Rs. 14,000 + Tax / free for premium customers | Rs. 23.44 per Transaction | Rs. 14,000 + Tax | Rs. 500,000 |
| PayPak | Rs. 1600 + tax | Rs. 23.44 per Transaction | Rs. 1600 + tax | Rs. 50,000 |
Criteria for premium customers for MasterCard Platinum Debit Card is that you must have PKR 3 million or more in your Meezan Bank account.
Criteria for premium customers for Visa Infinite Debit Card is that you must have Rs. 15 million or more in your Meezan Bank account.
Features of Meezan Debit Cards
Contactless Payments: Meezan Bank debit cards are NFC-enabled cards. These features allow customers to make payments just by bringing the card near the payment machine. You can also enable this feature on your mobile by downloading the Meezan Bank app. This contactless payment is more secure because you keep the card in your hand during payment.
Safety and Security: These debit cards use Visa and MasterCard as payment providers. Visa and MasterCard use the latest technologies like Chip and NFC. These are more secure than the swipe feature.
Global Acceptance: Meezan Bank debit cards are accepted. Depending on your choice and how much you want to spend on a debit card there are premium cards that provide you freedom. These cards have no limits or restrictions and can be used globally with special discounts.
Discounts: Many discounts are offered on each debit card. From 10% up to 40% discounts are offered on different Meezan Bank debit cards.
Discounts When You Use Meezan Bank Debit Cards
There are many discounts on Meezan debit cards. These debit cards can be used domestically as well as internationally. You can find more about discounts on Meezan Bank’s official website. You get up to 40% discounts on different stores nationwide and internationally.
Travel Benefits with Meezan Bank Debit Cards
Meezan Bank provides cards that can be used globally. All cards other than gold and silver Visa debit cards can be used globally. These cards offer special discounts worldwide. Platinum and Titanium cards are mid-premium cards and do not provide that much benefit but Meezan World debit cards and Visa Infinite cards are the most premium cards.
These cards have special discounts on everything from rentals to food. We get world privileges with these cards and get special lounge access at international and domestic airports. Many other travel benefits can be availed using Meezan Bank debit cards.
Card Security and Fraud Protection
Meezan Bank uses Visa and MasterCard. These two companies are giant payment solution providers globally. Both use the latest technologies to ensure better protection. Visa and MasterCard both have implemented the chip technology and this helped prevent frauds and unauthorized transactions.
Meezan Bank also uses the Visa and MasterCard Secure Code to enhance security even more. Secure Code is used when we make online transactions. With this, we get an OTP at our registered phone number that can be used to complete the transaction. More and more secure technologies have been tested and will soon be used on our cards to provide us with a safe financial environment.
Meezan Credit Card
A credit card is a type of card in which we use money from our bank account provided by the bank and we return or repay the money to the bank after one month or two. It means you lend some money from the bank and in return you pay the money with some interest. But Meezan Bank being an Islamic premier Bank does not charge interest on the money that you use provided by the bank.
Does Meezan Bank Provide a Credit Card?
No, Meezan Bank currently does not provide any credit cards.
In 2021, Meezan Bank published a PDF online on its official website. In this PDF, Meezan Bank promised to launch an interest-free credit card for the first time in Pakistan. The card was about to launch in March or April but it did not make it. Later, it was decided not to issue a credit card. Till now it is not known why didn’t they release the officially announced credit card. Maybe it could be due to the interest rate they couldn’t implement otherwise loss. Hope it would be announced soon this year.
Conclusion
Bank cards have helped us revolutionize the way we manage our finances, mobile banking, internet banking, finance security, payments we make, and the transfer of funds and shopping we do. Bank cards provide many benefits. Meezan Bank providing different Visa and MasterCard has helped us more in the field of finance. By analyzing and understanding the different benefits of different cards provided by Meezan Bank, we can choose the perfect card for our daily life use. We will be able to utilize all the features of a card when we understand everything about the card.
These debit cards are tools that can help us with our financial needs. We must use them responsibly. Using these cards according to the bank’s usage guidelines will help customers stay out of illegal doings. We must follow ethics and avoid any false usage. We should stay ways from any fraud and take full advantage of the card. Illegal use or misuse will degrade your debit or credit score.
