Description

The Visa Infinite is the highest card in the Visa range of card products targeted at the top 1% to 5% of the banks customers.

In addition to the credit limit availed, it also offers access to the finest things in life no matter where the cardholder is by offering an extraordinary selection of distinctive travel, dining, shopping and lifestyle opportunities.

Visa Infinite Card request is by invitation.

Features

1. Default credit limit: $15,000 minimum (unless a higher limit is requested by the prospective cardholder)
2. Maximum facility tenor of 36 months
3. Billing cycle of 30 days
4. Collateral: 120% of credit limit on USD, GBP or EURO Fixed Deposit Account in the bank, with a lien placed on it throughout the tenor of the card
5. Minimum operating Balance of $100

Benefits

1. Access to unique privileges and experiences, including international concierge and premium insurance services
2. Guaranteed transactions success rates and acceptance across all channels
3. Interest free period of up to 45 days
4. Flexible repayment – minimum repayment of 15% of the total monthly outstanding
5. Access to international emergency services
6. Emergency card replacement
7. Emergency cash Advance via money transfer services (MoneyGram or Western Union)

How to apply?

To apply for the Visa Infinite Card, visit any branch closest to you to complete an application form or talk to a customer care for other alternatives.

Is the Visa Infinite card a Debit or a Credit card?

The Visa Infinite is offered as either a Credit Card or Debit card.

For Credit Card variant, client provides collateral value up to 120% of the credit limit sought.

For Debit Card variant, client enjoys the flexibility of funding card account as and when required.

Target Market?

1. Owners/ MDs of organisations and conglomerates that meet the minimum qualifying criteria
2. High Net Worth Individuals
3. Ultra-high net worth individuals

Cost of issuance of Visa Infinite Card and associated fees?

1. Card Joining/Reissuance Fee: $3
2. Supplementary card fee: $3
3. Main Card Annual Maintenance Fee: $10 (Taken upfront)
4. Supplementary Card Annual Maintenance Fee: $10 (Taken upfront)
5. Annual Membership fee (per card): $200
6. Interest Fees : 3% flat (Outstanding balance)
7. Default Fee : 0.25% flat per month
8. Card Replacement Fee : $3
9. ATM Withdrawal Fee: $5 per transaction
10. POS & Web Fee: Free
11. PIN re-issue fee: Free
12. POS Cash Advance Fee: $3 + 1% of transaction value

Will a lien be placed on my US Domiciliary account with respect to my desired limit on the Visa Infinite Card?

Yes, a lien of 120% will be placed on USD, GBP or EURO account to secure the funds throughout the tenor of the card

What are the daily usage limits for my Visa Infinite card?

1. ATM cash withdrawals – $1,000 (total frequency – 5 times)
2. Purchases (POS) – $25,000 (total frequency – 20 times)
3. Purchases (Internet) – $25,000 (total frequency – 5 times)

How long would it take for my Visa Infinite card to be ready for collection, after I submit my application?

For DC branches, the Visa Infinite Card will be ready for collection 2 business days after application.

While for upcountry branches, Visa Infinite Cards will be ready for collection 5 business days after application.

Please visit a branch to apply. Compulsory hold amount on card is $100.