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Best Travel Card Pakistan In 2023

Exploring the Best Travel Cards in Pakistan: Your Ultimate Guide

 

Travelling is a cherished pastime for many, and for Pakistanis, it’s no different. Whether you’re planning a leisurely vacation to the scenic valleys of the North or a business trip abroad, having the right travel card can enhance your experience in numerous ways. This comprehensive guide aims to delve deep into the world of travel credit cards available in Pakistan. We will explore the best travel cards Pakistan, their features, benefits, and intricacies, helping you make an informed choice tailored to your travel needs.

 

Travel Card Pakistan are financial tool uniquely designed to cater to the needs of travellers. They go beyond conventional credit cards, offering a wide array of benefits and perks tailored to make your journeys more comfortable and cost-effective.

 

Understanding Travel Card Pakistan

 

1: Understanding Travel Card Pakistan

 

Before delving into the specifics of travel credit cards in Pakistan, it’s essential to understand what they are and how they work. This chapter will cover:

 

1.1. Introduction to Travel Credit Cards

 

Travel credit cards are a specialized type of credit card designed to cater to the needs of individuals who frequently travel, whether for business or leisure. These cards offer a range of benefits and features that are specifically tailored to enhance the travel experience while also providing financial advantages. Here’s a closer look at what travel credit cards are:

 

  • Reward Programs: Travel credit cards often come with reward programs that allow cardholders to earn points, miles, or cashback for every purchase made using the card. These rewards are typically more generous for travel-related expenses such as airline tickets, hotel stays, and dining at restaurants.
  • Frequent Flyer Miles: Many travel credit cards partner with airlines or hotel chains to offer cardholders the opportunity to earn frequent flyer miles or hotel loyalty points. These can be accumulated and redeemed for free flights, hotel stays, or other travel-related benefits.
  • Travel Insurance: Travel credit cards often include travel insurance coverage, providing protection for unexpected events such as trip cancellations, delays, lost luggage, and medical emergencies while travelling.
  • Airport Lounge Access: Some premium travel credit cards provide access to airport lounges, allowing cardholders to enjoy comfortable seating, complimentary snacks, beverages, and Wi-Fi while waiting for their flights.
  • Foreign Transaction Fee Waivers: Many travel credit cards waive foreign transaction fees, making them cost-effective options for international travellers. These fees can add up when using regular credit cards for purchases abroad.
  • Concierge Services: Premium travel credit cards may offer concierge services to assist cardholders with travel-related arrangements, such as booking flights, hotels, and restaurant reservations.
  • Exclusive Travel Discounts: Travel credit cards may provide access to exclusive travel discounts, including deals on hotels, car rentals, and vacation packages.
  • Travel Protections: Beyond travel insurance, some cards offer additional protections like purchase protection, extended warranties, and rental car insurance coverage when you use the card for these transactions.
  • Airport Security Precheck or Global Entry Fee Credits: Certain travel credit cards provide credits to cover the cost of applying for programs like TSA Precheck or Global Entry, which can expedite the airport security screening process for travellers.
  • Annual Fees: Many travel credit cards come with annual fees, especially premium ones that offer extensive benefits. However, these fees can be offset by the value of rewards, benefits, and savings provided.

 

It’s important to note that the specific features and benefits of travel credit cards can vary significantly from one card to another. When choosing a travel credit card, individuals should carefully consider their travel habits, spending patterns, and preferences to select the card that best suits their needs. Additionally, responsible usage is essential to avoid accumulating debt and making the most of the card’s advantages.

 

1.2. How Travel Credit Cards Work

 

Explore the inner workings of travel credit cards, including credit limits, billing cycles, interest rates, and the crucial concept of reward points. Understand how these cards can help you earn valuable rewards for your spending.

 

Travel credit cards in Pakistan work similarly to travel cards in other countries, but there are some specific aspects to consider. Here’s how travel credit cards work in Pakistan:

 

      1. Card Application and Approval:

  • To get a travel credit card in Pakistan, individuals must apply to a bank or financial institution that offers these cards. The application process typically involves providing personal and financial information, including proof of income.
  • The bank assesses the applicant’s creditworthiness, which includes evaluating their credit score and financial stability. Meeting the bank’s eligibility criteria is crucial for approval.
  • Once approved, the bank issues the travel credit card with a credit limit based on the applicant’s financial profile.

     2. Credit Limit:

  • The credit limit on a travel credit card is the maximum amount that cardholders can spend using the card. It varies from one card to another and is determined based on the applicant’s income, credit history, and the bank’s policies.
  • Cardholders should be mindful of their credit limit and avoid exceeding it to prevent over-limit fees and negative impacts on their credit score.

     3. Making Purchases:

  • Travel credit cards can be used for everyday purchases, both in Pakistan and abroad. When cardholders make purchases, the transaction amount is recorded, and they have a grace period during which they can pay the balance without incurring interest charges.

     4. Earning Rewards:

  • Travel credit cards in Pakistan often come with reward programs that allow cardholders to earn points, miles, or cash back on eligible purchases. These rewards can accumulate over time and be redeemed for travel-related expenses.

     5. Redeeming Rewards:

The rewards earned with a travel credit card can be redeemed for a variety of travel-related expenses, including:

  • Flights: Cardholders can use their accumulated points or miles to book airline tickets, often through the card issuer’s travel portal or by transferring points to partner airlines.
  • Hotel Stays: Points can be redeemed for hotel bookings at partner hotels or through the card issuer’s travel platform.
  • Travel Credits: Some cards offer travel credits that can be applied to any travel expense, such as airfare, hotels, or rental cars.
  • Cashback: Some travel credit cards provide cashback that can be used to offset travel expenses or received as a statement credit.

     6. Managing the Account:

  • Cardholders are responsible for managing their travel credit card accounts. This includes monitoring transactions, reviewing statements, and making payments on time to avoid interest charges.
  • Many travel credit cards offer online account management tools and mobile apps to help cardholders track their spending and rewards.

     7. Annual Fees:

  • Some travel credit cards may have annual fees. These fees can vary widely depending on the card’s features and benefits. Cardholders should consider whether the annual fee is justified by the rewards and benefits they receive.

    8. Foreign Transaction Fees:

  • Travel credit cards in Pakistan often waive foreign transaction fees, making them suitable for international travel. Cardholders can use their cards abroad without incurring additional charges for currency conversion.

    9. Interest Charges:

  • If cardholders carry a balance from month to month, they will be charged interest on the outstanding amount. It’s important to pay the balance in full each month to avoid high interest charges.

  10. Security Measures:

  • Travel credit cards typically come with security features like EMV chip technology and the option to set up transaction alerts to help protect against fraud.

 

Travel cards in Pakistan provide a convenient and rewarding way to manage expenses while earning benefits and rewards for travel-related expenses. To make the most of these cards, individuals should use them responsibly, pay attention to fees and interest rates, and take advantage of the rewards and benefits offered.

 

1.3. Types of Travel Credit Cards

 

In Pakistan, there are several types of travel credit cards available to cater to the diverse needs and preferences of travellers. These cards offer various features, benefits, and rewards tailored to different travel styles and spending habits. Here are some common types of travel cards in Pakistan:

 

  • Airline-Specific Travel Credit Cards:
    • These cards are co-branded with specific airlines operating in Pakistan, such as Pakistan International Airlines (PIA) or private carriers like Airblue and Serene Air.
    • Cardholders earn frequent flyer miles with the partnered airline for every eligible purchase made using the card.
    • Benefits often include bonus miles upon signing up, priority boarding, discounted or complimentary airline tickets, and airport lounge access with the partner airline.
  • General Travel Rewards Credit Cards:
    • These cards are not tied to a specific airline but offer rewards that can be used for a variety of travel expenses, including flights, hotels, and more.
    • Cardholders typically earn points or miles on all eligible purchases, and the rewards can be redeemed with multiple airlines or through the credit card issuer’s travel portal.
    • General travel rewards cards may offer flexibility in choosing travel providers and often include travel insurance and other travel-related benefits.
  • Hotel-Specific Travel Credit Cards:
    • Similar to airline-specific cards, hotel-specific travel credit cards are co-branded with major hotel chains, such as Marriott, Hilton, or Accor.
    • Cardholders earn points for hotel stays and may receive benefits such as complimentary nights, room upgrades, and late check-out at partner hotels.
    • These cards are ideal for individuals who frequently stay at specific hotel brands.
  • Premium Travel Credit Cards:
    • Premium travel credit cards offer extensive benefits and perks, including airport lounge access, concierge services, travel insurance, and more.
    • They often have higher annual fees but provide significant value for frequent travellers who seek luxury travel experiences and added conveniences.
  • No-Foreign-Transaction-Fee Cards:
    • These cards are designed for international travellers and do not charge foreign transaction fees when making purchases abroad.
    • They may offer rewards and benefits similar to general travel rewards cards but prioritize cost savings for international travellers.
  • Cashback Travel Credit Cards:
    • Cashback travel credit cards provide cashback rewards on travel-related expenses, such as airline tickets, hotel bookings, and dining at restaurants.
    • Cardholders receive a percentage of their spending as cashback, which can be used to offset travel costs.
  • Entry-Level Travel Credit Cards:
    • Entry-level travel credit cards are suitable for individuals new to credit cards or those who want basic travel benefits without high annual fees.
    • They may offer modest rewards and fewer premium perks compared to premium travel cards.
  • Student Travel Credit Cards:
    • These cards are designed for students and young adults who want to start building credit and enjoy some travel-related benefits.
    • They often have lower credit limits and may provide rewards suitable for student budgets.

 

When choosing a travel credit card in Pakistan, it’s essential to consider your travel habits, spending patterns, and preferences. Carefully review the card’s terms, fees, rewards structure, and benefits to select the one that aligns with your needs and provides the most value for your travel goals.

 

Choosing a Travel Card pakistan

 

2: Factors to Consider When Choosing a Travel Credit Card

 

2.1. Credit Score

  • Understand the significance of your credit score and how it can impact your eligibility for different travel credit cards. Find out how to improve your credit score if needed.
  • Credit scores play a pivotal role in the world of travel credit cards. These numerical representations of an individual’s creditworthiness are of paramount importance when it comes to applying for and using travel cards.
  • A good credit score can open doors to premium travel card offerings, often entailing generous rewards, lower interest rates, and additional travel-related perks.

 

2.2. Annual Fees

 

Annual fees are a significant consideration when choosing a travel credit card. Here are some key points to understand about annual fees for travel cards:

 

  1. Varying Annual Fees: Travel credit cards come with different annual fees, which can range from zero (no annual fee) to several hundred dollars per year. The fee structure often depends on the card’s features, rewards, and perks.
  2. Offsetting Annual Fees: Some travel cards offer benefits that can offset or even surpass the annual fee’s cost. These benefits may include travel credits, airport lounge access, travel insurance, and accelerated rewards earning on specific spending categories like travel and dining.
  3. Assessing Value: When considering a travel card with an annual fee, assess whether the card’s benefits align with your travel habits and spending. Calculate the potential value of the benefits you’ll receive compared to the annual fee to determine if it’s a worthwhile investment.
  4. No Annual Fee Options: If you’re not a frequent traveller or prefer a lower-cost option, there are travel credit cards with no annual fees available. These cards may offer fewer travel perks but can still provide valuable rewards.
  5. Waived First-Year Fees: Some travel cards may waive the annual fee for the first year as a promotional offer. This can be an excellent opportunity to test the card’s benefits before committing to the annual fee.

 

2.3. Foreign Transaction Fees

 

Foreign transaction fees are an important consideration when using travel credit cards internationally. Here are key points to understand about these fees:

  1. Definition of Foreign Transaction Fees: Foreign transaction fees, often called currency conversion fees or forex fees, are charges applied by credit card issuers when you make purchases in a foreign currency or when you make transactions that involve a foreign bank or financial institution.
  2. Percentage-Based Fees: Foreign transaction fees are typically calculated as a percentage of the transaction amount, often ranging from 1% to 3% of the purchase price. For example, a 2% foreign transaction fee on a $100 purchase would result in a $2 fee.
  3. ATM Withdrawal Fees: In addition to fees for foreign currency purchases, some travel credit cards may also charge fees for cash withdrawals at foreign ATMs. These fees can include a percentage-based fee and a flat fee per withdrawal.
  4. Cards with No Foreign Transaction Fees: Many travel credit cards, especially premium and travel-focused cards, offer the benefit of no foreign transaction fees. This means you won’t be charged extra for making purchases in foreign currencies or using your card internationally.
  5. Dollar vs. Local Currency: When using your credit card abroad, you may be given the option to be charged in your home currency (e.g., Pakistani Rupees) or the local currency (e.g., US Dollars). Opting for the local currency can help you avoid unfavourable exchange rates and additional fees.
  6. Prepaid Travel Cards: Some travellers opt for prepaid travel cards, which allow you to load foreign currencies onto the card in advance. These cards often have lower foreign transaction fees, making them a cost-effective choice for international spending.
  7. Notify Your Bank:  Before travelling internationally, it’s a good practice to notify your bank or credit card issuer about your travel plans. This can help prevent any unexpected card holds or transaction denials due to suspected fraud.

 

In the end, being aware of foreign transaction fees and choosing a travel credit card with no foreign transaction fees can save you money and simplify your international travel experience. Always read the terms and conditions of your card to understand its fee structure and benefits when using it abroad.

 

Best Travel Cards in Pakistan

 

3: In-Depth Look at the Best Travel Cards in Pakistan

 

3.1. HBL Platinum Credit Card

  • A detailed review of the HBL Platinum Credit Card, highlighting its features, including airport lounge access, air miles rewards, and travel insurance coverage.
  • Offers complimentary access to domestic and international airport lounges.
  • Earns reward points on both local and international spending, which can be redeemed for air miles.
  • Provides travel insurance coverage.

 

3.2. Standard Chartered WorldMiles Credit Card

  • An in-depth exploration of the Standard Chartered WorldMiles Credit Card showcases its unique benefits for frequent travellers, such as earning air miles and access to airport lounges.
  • Designed for frequent travellers, it offers air miles for every spending.
  • Complimentary access to airport lounges worldwide.
  • Travel insurance coverage and other travel-related benefits.

 

3.3. MCB Visa Platinum Credit Card

  • A comprehensive analysis of the MCB Visa Platinum Credit Card, covering its advantages like travel insurance, discounts on partner airlines, and accumulating reward points.
  • Provides travel insurance coverage.
  • Offers discounts on partner airlines and hotels.
  • Accumulates reward points that can be redeemed for travel-related expenses

 

3.4. UBL Wiz Prepaid Debit Card

  • A detailed breakdown of the UBL Wiz Prepaid Debit Card, highlighting its suitability for budget-conscious travellers, reward point system, and international usability.
  • Suitable for budget-conscious travellers.
  • Earns reward points on various spending categories, including dining and travel.
  • Can be used internationally without worrying about credit limits or debt accumulation.

 

3.5. Askari Travel Credit Card

  • A thorough review of the Askari Travel Credit Card, showcases its travel insurance coverage, discounts on hotels and car rentals, and how it accumulates reward points.
  • Offers travel insurance coverage.
  • Provides discounts on hotel bookings and car rentals.
  • Accumulates reward points for spending that can be redeemed for air miles.

 

3.6. Meezan Bank Titanium Mastercard

  • An examination of the Meezan Bank Titanium Mastercard, featuring its discounts on air travel, hotels, and car rentals, along with its reward point system.
  • Offers discounts on air travel, hotels, and car rentals.
  • Provides access to select airport lounges.
  • Accumulates reward points on every spending.

 

3.7. UBL Silkbank Credit Card

  • An insightful look into the UBL Silkbank Credit Card, highlighting its discounts on travel and dining, reward points for travel redemption, and supplementary card options.
  • Provides discounts on travel and dining.
  • Accumulates reward points that can be redeemed for air miles or other travel-related expenses.
  • Offers supplementary cards for family members.

 

3.8. Bank Alfalah Credit Cards

  • An overview of Bank Alfalah’s credit card offerings, including any travel-related benefits they provide, such as air miles, travel insurance, and discounts.
  • Bank Alfalah offers a range of credit cards, some of which are designed for travel enthusiasts.
  • These cards may provide air miles, travel insurance, and discounts on hotels and airlines.

 

3.9. Faysal Bank Credit Cards

  • A discussion of Faysal Bank’s credit cards and any travel-related perks they offer, including reward points and travel insurance

 

3.10. UBL Visa Signature Credit Card

  • A detailed examination of the UBL Visa Signature Credit Card, emphasizing its travel insurance, reward points for travel or cash back, and discount.
  • Offers travel insurance coverage.
  • Accumulates reward points that can be redeemed for air miles or cashback on travel expenses.
  • Provides discounts on various lifestyle and travel-related categories.

 

Travel Credit Card in pakistan

 

4: Applying for a Travel Credit Card

 

Applying for a travel credit card in Pakistan requires meeting certain eligibility criteria and providing specific documentation. These criteria ensure that the bank or financial institution can assess your creditworthiness and approve your application. Here’s a breakdown of the typical eligibility requirements and the documentation you’ll need:

 

4.1. Eligibility Criteria:

  1. Age:
    • You must be at least 21 years old to apply for a primary credit card in Pakistan. Some banks may require applicants to be older, so check with the specific bank.
  2. Income Requirements:
    • Most banks require applicants to have a minimum income level to be eligible for a travel credit card. This income requirement varies among banks and card types, so review the specific criteria for the card you’re interested in.
  3. Credit Score:
    • A good credit score is essential for credit card approval. While there’s no specific score required, a higher credit score increases your chances of approval. A healthy credit history, free of defaults and late payments, is crucial.
  4. Employment Status:
    • Typically, you should have a stable source of income, whether through employment or business. Banks may require you to provide proof of employment, such as salary slips or an employment letter.
  5. Residency Status:
    • You should be a resident of Pakistan to be eligible for most travel credit cards offered by Pakistani banks. Non-resident Pakistanis may have access to specific cards designed for them.

 

4.2 Required Documentation:

 

When applying for a travel credit card, you will need to submit various documents to verify your identity, income, and creditworthiness. Here’s a list of the typical documents required:

  1. National Identity Card (NIC):
    • A photocopy of your NIC or Computerized National Identity Card is essential to establish your identity.
  2. Proof of Address:
    • Banks often require a recent utility bill (electricity, gas, water) or a copy of your rental agreement to verify your residential address.
  3. Income Proof:
    • Depending on your employment status, you may need to provide:
      • For Salaried Individuals:
        • Recent salary slips (usually the last 3-6 months).
        • Employment verification letter from your employer.
      • For Self-Employed or Business Owners:
        • Business registration documents.
        • Bank statements for the past 6-12 months.
        • Income tax returns (Form 114).
  4. Bank Statements:
    • Banks may request your recent bank statements to assess your financial stability and transaction history.
  5. Credit Report:
    • While not always mandatory, some banks may ask for your credit report from Pakistan Credit Bureau (PCB) or other credit bureaus to evaluate your creditworthiness.
  6. Passport-Sized Photographs:
    • Provide recent passport-sized colour photographs for card processing.
  7. Application Form:
    • Complete the bank’s credit card application form accurately and truthfully. This form typically includes personal information, employment details, and your preferred card type.
  8. Additional Documentation:
    • Depending on the bank and the specific card, you may be asked for additional documents, such as a letter of introduction or references.

 

Remember that the exact documentation requirements can vary between banks and card types, so it’s essential to check with the specific bank you intend to apply to. Additionally, make sure all provided information is accurate and up-to-date, as any discrepancies or errors can lead to application rejection.

 

Before applying for a travel credit card, take the time to review your credit history and financial standing to ensure you meet the eligibility criteria. Carefully gather all the required documents to streamline the application process and increase your chances of approval.

 

4.2. Tips for a Successful Application

 

Valuable tips and strategies to increase your chances of approval when applying for a travel credit card in Pakistan. Certainly! Here are five key tips for a successful application when applying for a travel credit card in Pakistan:

  1. Check and Improve Your Credit Score:
    • Before applying for a travel credit card, check your credit score. A good credit score increases your chances of approval. If your score needs improvement, take steps to address any outstanding issues, such as paying off debts or correcting errors on your credit report.
  2. Meet Eligibility Criteria:
    • Review the eligibility criteria for the specific travel credit card you want to apply for. Ensure you meet the age, income, and residency requirements set by the bank. Applying for a card for which you don’t meet the criteria can result in rejection.
  3. Gather Required Documentation:
    • Prepare all the necessary documents, including your National Identity Card (NIC), proof of address, income statements, and bank statements. Having these documents readily available can streamline the application process and reduce delays.
  4. Choose the Right Card for Your Needs:
    • Select a travel credit card that aligns with your travel preferences and financial goals. Consider factors such as the card’s rewards program, annual fees, foreign transaction fees, and travel-related perks. Opt for a card that suits your travel habits and spending patterns.
  5. Submit a Complete and Accurate Application:
    • Fill out the credit card application form accurately and truthfully. Double-check all information to ensure it’s error-free. Providing complete and accurate details reduces the likelihood of application rejection due to discrepancies.

 

By following these tips, you can improve your chances of a successful travel credit card application in Pakistan and enjoy the benefits and perks that come with it.

 

Successful Application travel card pakistan

 

 

 Conclusion

 

In conclusion, the right travel credit card can significantly enhance your travel experiences while saving you money and providing valuable perks. This comprehensive guide has explored the top travel credit cards available in Pakistan, dissecting their features, benefits, and application processes.

It’s essential to remember that credit card offerings may change, so always verify the latest information with the respective banks before applying. Your choice of a travel credit card should align with your unique spending and travel habits. With the right card in hand, you can embark on your journeys, whether within Pakistan or abroad, with greater confidence and convenience. Happy travels!