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Q)
What is i-plan?
A)
MCB Bank Credit Card I-Plan allows customers to make purchases and
thereafter repay the amount in equal monthly installments. |
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Q)
What type of transactions can be converted into I-PLAN?
A) All "retail"
transactions worth at least Rs.3,000 made within or outside Pakistan
can be converted into I-PLAN. |
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Q)
Do I earn reward points on transactions that I have converted into
I-PLAN?
A) Reward Points are earned on the total transaction
amount converted into I-PLAN. However, these points become redeemable
with the repayment of each I-PLAN monthly installment.
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Q) Can I
convert more than one transaction into I-PLAN at one time?
A) Yes, any
number of transactions of any tenor can be converted into I-PLAN
at one time, subject to your available credit limit. |
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| Q) How long
after the transaction is made can I convert the same transaction into
I-PLAN? A)
All "retail" transactions made in the last 3 months can
be converted into I-PLAN |
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Q) Can I
transfer my outstanding balance on another bank's credit card onto
my MCB Bank Card Account and convert it into a I-PLAN transaction?
A)
Yes, you can avail MCB Bank's Balance Transfer, subject to the condition
that you have an available credit limit on your MCB Bank Card Account,
by calling up our 24-hour MCB Call Centre at 111-000-MCB (622).
You will have to book the BTF transaction on the I-Plan. |
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| Q) What is
the tenor of I-PLAN and can the tenor be changed after the initial
booking?
A) You can pay in 3, 6, 12, 18, 24, 30 or 36 month. You cannot change
the tenor of the I-PLAN transaction once booked |
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| Q) What happens
if I decide to cancel my I-PLAN? A)
A prepayment charge of 5% of the outstanding I-PLAN amount or Rs.
1,000/- whichever is higher will be levied in case of I-PLAN prepayment.
This will be irrespective of when the I-PLAN transaction was booked.
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Q)
How can I convert my purchases into I-PLAN? A)
You can follow any one of the two simple methods to convert your
transaction into I-PLAN:
a) Fill out the I-PLAN form enclosed with the flyer
b) Call up our 24-hour MCB Call Centre on 111-000-MCB (622)
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