Classic Credit Cards


 


 

Benefits

  • card can be issued with inkind warranty or personal garantee.
  • Card usage in both local and international purchase transactions and cash withdrawals in addition to payment in Egyptian pound.

  • The ability to use 100% of the card credit limit in cash withdrawals.

  • Possibility of issuing a number of supplementary cards.

  • The ability to use the card over the internet

  • Enjoy the longest grace period up to 57 days

  • Offers you the lowest payment limit with 5% of the monthly usages.

  • Card transactions can be paid through any of Banque Misr cash deposit ATMs.

  • Card transactions can be paid at any of the BM branches available all over Egypt, and can be paid any day all over the 24 hrs. at any of BM branches located in Airports and Hotels.

  • Promotions and discounts in the fanciest shopping centers inside and outside Egypt, which are specified in the following applications:-

    • MasterCard buy 1 get 1 application for MasterCard Credit Cards

    • Visa Explore application for Visa Cards

  • Free SMS service after each card transaction in addition to issuing a monthly transactions statement showing the debit value and minimum payment limit as well as credit card issuance or renewal.

  • Installment payment for card purchase transactions and cash withdrawals up to 36 months with special interest rate

  • Enjoy interest-free installments up to 6 or 12 months for purchases at many merchants  Click here to view list of merchants

 

Usage limits

Local purchase transactions

Within the card credit limits

International purchase transactions

Within the card credit limits

Local cash withdrawals (ATM)

EGP 16000 daily:

EGP 8000 from BM ATMs

EGP 8000 from other banks’ ATMs

P.O.S cash withdrawal from BM Branches

Within the card credit limits

International cash withdrawals

USD 2000 monthly

 

Credit Limit

  • Enjoy credit limit starting from EGP 1000 up to less than EGP 3000

 

Fees and charges

 

Issuance

EGP 150

Renewal

EGP 75

Supplementary cards issuance  and renewal

EGP 75

Reissuance of a  replacement for lost/damaged cards

EGP 75

Cash withdrawals through BM ATMs and P.O.S and Other Banks’ machines within Egypt

2% of the amount withdrawn with minimum EGP 15

Inquiry about the available balance via BM ATMs

Free

Inquiry about the available balance via Other banks’ ATMs inside Egypt

EGP 1 per transation

Inquiry about the available balance via ATMs outside Egypt

EGP 3 per transation

Interest rate

2.2% monthly

Penalty for delay 

EGP 50

Exceeding credit limit

EGP 30

Cash withdrawals outside Egypt

3% of the transaction’s value + EGP 50 per transation

Transactions outside Egypt (cash withdrawals – purchases)

3% of the transaction’s value

Disputing on any transaction through (Fax, Email or Call Centre) and it is proven that the customer is not entitled to dispute on such transaction

EGP 50

Printing certified transactions statement starting from the following month

EGP 20

Requesting clearance letter, certificate of indebtedness or to whom it may concern letter

EGP 50

 

Installment Services

 

Number of Months

Interest Rate on purchases

Interest Rate on cash withdrawal

6/12/24/36 months

1.7% per month on the basis of declining balance interest

2.17% per month on the basis of declining balance interest

 


 


 

In case the customer wishes to pay-on installment for a processed transaction, then the following procedures shall be applied:

  1. Cash withdrawal transaction is carried out through credit card according to the card available balance

  2. During the performance of cash withdrawal transaction BM call center will be contacted in order to request the installment of transaction.

  3. Early repayment fees of 4% are applied in case the customer has paid the value of his installment.

  4. Cash withdrawal charges calculated on the customer’s credit card and related to the amount requested to be paid-on installment will be refunded.