Why You Should Use a Credit Card in Pakistan

A credit card is one of the most important financial tools that you can have. It can help you make purchases, large and small, and build your credit history. If you are thinking about getting a credit card or are new to using credit cards, this guide will give you the information you need to choose the best credit card for your needs in Pakistan.

What Is a Credit Card?
A credit card is a plastic card that allows you to borrow money from a bank or financial institution up to a certain limit. You can use your credit card to make purchases anywhere that accepts credit cards as a form of payment. When you use your credit card, you will be required to pay back the borrowed funds plus interest and fees within a certain period of time.

Types of Credit Cards in Pakistan
There are two main types of credit cards available in Pakistan: secured and unsecured.

A secured credit card requires you to deposit money into a savings account as collateral. This deposit secures the line of credit extended to you by the financial institution. In Pakistan, HBL and Askari Bank offer secured credit cards.

An unsecured credit card does not require collateral, but it often has stricter requirements, such as a higher income requirement. The majority of credit cards available in Pakistan are unsecured. MCB, Standard Chartered, Alfalah, and Habib Bank offer some of the best unsecured credit cards in Pakistan.

Some of the Best Credit Cards in Pakistan
When choosing a credit card in Pakistan, there are several factors you should consider, such as interest rate, fees, rewards program, and spending limit. Based on these criteria, some of the best credit cards available in Pakistan include:
• The Standard Chartered Platinum Credit Card offers low interest rates, no annual fees, and a wide range of rewards and benefits.
• The MCB Visa Signature Credit Card also has low interest rates and no annual fees. In addition, it offers 5% cash back on all retail spends and comes with a 24-hour concierge service.
• For those who frequently travel abroad, the Habib Bank AG Zurich World Miles World Elite Mastercard is an excellent option. It offers free lounge access at airports worldwide and comes with comprehensive travel insurance coverage.

Conclusion:
A credit card can be an immensely helpful tool – whether you are looking to make everyday purchases or build your credit history. If you are new to using credit cards or are considering getting one, this guide will give you the information you need to choose the best credit card for your needs in Pakistan. There are two main types of credit cards available in Pakistan: secured and unsecured. Each type has its own advantages and disadvantages and the best choice for you will depend on YOUR individual circumstances and needs . Some of the best credit cards available in Pakistan currently include The Standard Chartered Platinum Credit Card , The MCB Visa Signature Credit Card ,and The Habib Bank AG Zurich World Miles World Elite Master card . Do your research to find the best option for YOU !