| If you are frustrated
about having to carry cash while traveling, nervous
about theft and misplacing your cash, and embarrassed
when paying for a dinner with your business associates
in cash. We have the solution. In January 2005,
we launched Bhutan’s first and only globally
accepted credit cards. For more details, visit us
in our Head Office at Thimphu.
How the application process works:
1. Pick up the two application forms (one ours
and the other Standard Chartered Bank’s)
from our office. The forms will guide you through
all the requirements.
2. Once all the documents along with the application
forms are presented to us. We conduct a credit
check with the other financial institutions, before
beginning the credit process.
3. After approval, the relevant documents are
sent to SCB to initiate the card production.
4. Once we receive the card, the Credit Card division
will issue the card.
5. The card will be valid for a year and has to
be renewed before one month of the expiry date.
We have two types of Cards, salary based and
collateral based. The general condition for the
card is that the applicant must be 18 years or
older.
1. Specific conditions for Salary Based
Credit Cards are:
a. Must be an employee of the government or a
listed company
b. Maximum credit limit is Nu. 100,000.00 or aggregate
of six months` gross salary (which ever is lower)
c. Minimum credit limit is Nu. 50,000.00, so the
aggregate of six months` gross salary must be
at least Nu. 50,000.00
2. Specific conditions for High Value
Credit Cards are:
a. Must put forward a fixed collateral in the
form of land, building, listed company shares
and fixed deposit
b. Credit limit will be based on total collateral
value. E.g. a collateral of Nu 100 will give you
a credit limit of Nu 50.
c. Maximum credit limit is Nu. 1,000,000.00
d. Minimum credit limit is Nu. 100,001.00
Primary and Supplementary Cards:
The Primary card is issued in the name of the
applicant, who can further apply for two supplementary
cards (for his/her immediate family members).
The limit of the supplementary card(s) is shared
with the primary card.
Fees and charges:
| FEES |
PRIMARY |
SUPPLEMENTARY |
| 1ST YEAR |
NU. 5,000.00 |
NU. 2,000.00 |
| RENEWAL |
NU. 4,000.00 |
NU. 2,000.00 |
1) Card Replacement fee: Nu. 500.00 plus
Courier charge: Nu. 1,000.00
2) Over limit charge: Nu. 500.00 per instance.
3) Other charges: whatever SCB charges on the
card account
For more information, please contact Credit Card
Division, BNBL, Thimphu or any branch offices
of the BNBL.
Download
Form:
Authorization
For Repayment
Application
Form
Department
Undertaking
Enjoy
global banking with our gold card.
|
