credit card

Credit card interest hiked to 25% max

The maximum amount of interest that banks can charge on credit cards has been hiked to 25 percent from 20 percent in tune with changes in the policy interest rate and increase in lenders’ cost for fund mobilisation.

Planning a trip? Your credit card might just be your new best friend!

Credit cards simplify foreign travel by offering cashless security, lounge access, easy booking, reward points, and expense tracking. They enable smooth transactions, discounts, and financial management, making travel more convenient and cost-effective for users.

Credit card use up 17% in March

Bangladesh Bank data showed that transactions through credit cards increased to Tk 3,490 crore in March. Of the amount, Tk 2,985 crore was spent within the country while the remaining was spent abroad.

Credit card use slightly up

Customers spent Tk 2,678 crore in Jan this year, up from Tk 2,674 crore in Dec 2023

Credit card use slightly down

Credit card spending decreased in last November compared to the preceding month, according to BB

Credit card issuance creeps along

Credit card issuance by banks in Bangladesh witnessed slower growth in 2023 thanks to tightening of regulations by NBR

How to use credit cards the right way

Credit cards, a cornerstone of modern financial management, offer a convenient way to make purchases, build credit, and reap rewards. However, the path to maximising their benefits while maintaining financial health is nuanced, requiring strategic use and understanding. Here's a guide to the best practices for credit card usage, addressing the selection of the right card, management strategies, and the pros and cons of holding multiple cards.

Mighty dollar squeezes int’l purchases thru credit cards

The foreign exchange crisis in Bangladesh has dealt a blow to credit card users as the sharp appreciation of the US dollar against the taka has narrowed their scope for foreign purchases through cards.

Credit card spending hits four-month low

People spent Tk 2,312 crore in February, down by 8% from January’s Tk 2,506 crore

August 13, 2017
August 13, 2017

Credit, Debit Cards: Swindling on the rise

A credit card holder of an international bank in Bangladesh got a phone call from her bank last week. She was asked if she had made two transactions that day of about $450 from Spain and New Jersey.

June 3, 2016
June 3, 2016

New StanChart credit card offers savings, cash backs

Standard Chartered launches a new credit card in Bangladesh which will provide customers a host of attractive benefits including savings and cash-backs.

March 18, 2016
March 18, 2016

Plastic money not so safe

About 10 million bank clients are potentially easy victims of fraudulent charges to their debit and credit accounts because they are using the vulnerable magnetic stripe cards.

February 25, 2016
February 25, 2016

'More money stolen at point-of-sale'

Foreign fraudsters in collaboration with local bankers and merchants are believed to have committed more card frauds on point-of-sale (POS) terminals than what they had done with ATMs, experts and investigators said.

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