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Key Information About MAB VISA Classic Credit Card

This credit card is designed for payments both local and international which have VISA logos.  This credit card can be used at ATM, POS and online payments.

Benefits

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Benefits, Deals and Discounts from VISA and MAB
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Benefits, Deals and Discounts from VISA and MAB
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Get Rewards Point
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Get Rewards Point

Features

Contactless Feature
Contactless Feature
Worldwide usage and Online Payment
Worldwide usage and Online Payment
Secured by EMV chip
Secured by EMV chip

Conditions & Qualifications for this card

Any interested customer, who meets the criteria of eligibility with required documents. The approval of the application and the credit limit is subject to the Bank’s discretion.

  • Eligible to (21) years old and above
  • Myanmar citizens and foreigners
  • Income must be minimum MMK (300,000) for Classic Card Holders

Visit to the nearest branches to submit all the required documents and application form. Customers may need to bring all the original documents while visiting to the bank.

  • NRC Copy (front and back)
  • (2) Passport photos, within (6) months
  • Letter of Employment (position + salary) – Employee​
  • Business License contract (copy) – Self-Employed​
  • Household list copy (Front and Back)
  • Latest Bank Statement (any local banks) original
  • Name Card (optional)​

Procedure for applying VISA Classic Credit Card

  • Download Application Form (or) Visit nearest branches get the application form.
  • Fill in the Form.
  • Attached with required documents according to your preference card.
  • Every customers need to open Current account at MAB.
  • The bank will inform the customer for approval or rejection of the credit cards.
  • Customers may need to wait (1) month to get the card.​
  • Please kindly collect the card personally at the bank and bring the original NRC. To get the credit card, the customers have to sign on the Promissory note and the guarantors have to sign on L25 form and third-party letter of set off.​
  • Please don’t forget to check the email regularly not to miss the benefits of cards, deals, promotions, payment dates and other required information.​

Procedure for applying Supplementary Credit Card

If you want to apply the supplementary card for your intimate family members (father, mother, spouse, children), please act according to the following steps;

  • Download Application Form (or) Visit nearest branches to get the application form.​
  • Fill in the Form.
  • Required documents are as follow:
    • NRC copy (Front and Back) is needed to apply for the supplementary card.
    • Minimum required age should be (16) years old and above.
    • Maximum (2) supplementary cards for one Principal cardholder.
  • Visit to the nearest branches to submit all the required documents with the primary card holder and application form.
  • The bank will inform the customer for approval or rejection of the credit card.
  • Customers may need to wait (14) days to get the card.
  • Please kindly collect the card personally at the bank and bring the original NRC along with the customer who will hold the supplementary card.
  • Please don’t forget to check the email regularly not to miss the benefits of cards, deals, promotions, payment dates and other required information.

If unsecured credit (classic) cardholders fail MAB’s requirements, we will ask them to bring guarantor. Guarantor no need to pledge the deposit. But guarantor should be MAB existing Current or Savings customer.

The followings are guarantor’s required documents;

  • NRC copy (Front and Back)
  • Letter of employment (original) (or) Company registration certificate (copy) or Business registration license
  • Household list copy (Front and Back)
  • Latest pay slip (original) or only MAB latest bank statement
  • Name card (optional)

Rates & Fees for this card

Product Identification VISA Classic Credit card
Card Expiry Period (5) years

Card Application Fees (Primary) Nil
Card Application Fees (Supplementary) 20,000 MMK
Card Annual Fees (Primary) 50,000 MMK
Card Annual Fees (Supplementary) Nil

PIN Replacement Fee 5,000 MMK
Lost / Stolen Card Replacement Fee 25,000 MMK
Late Payment Fee 2% Per month
Penalty Fee 1% Per month
Over Limit Fee 2% of Over Limit Amount
Voucher Retrieval Fee per voucher (Within 3 months only) 15,000 MMK + any other fees
Account Statement Copy 5,000 MMK

Apply to Increase Credit Limit 50,000 MMK
Level Up the Card Account 50,000 MMK
Purchase Interest Rate 16% Per Year
Cash Advance Interest Rate 1.33% Per Month (start counted on first transaction date)​

Balance Inquiry ATM MAB ATM - Free
Domestic ATM - 500 MMK
International ATM - 1,000 MMK
Overseas ATM Cash Withdrawal Fee 10% of the transaction amount+ other oversea ATM charges
Local ATM Cash Withdrawal Fee MAB ATM – 5% of the transaction amount + other local ATM charges
ATM Cash Withdrawal Amount
 20% of Credit Card valid amount

Maximum Credit Limit 2,500,000 MMK
Local & Overseas (POS, E-Commerce) Monthly Limitation 2,500,000 MMK per month
Cross Border Service Fees Subject to markup rate

Product Identification VISA Classic Credit card
Card Expiry Period (5) years

Card Application Fees (Primary) Nil
Card Application Fees (Supplementary) 20,000 MMK
Card Annual Fees (Primary) 50,000 MMK
Card Annual Fees (Supplementary) Nil

PIN Replacement Fee 5,000 MMK
Lost / Stolen Card Replacement Fee 25,000 MMK
Late Payment Fee 2% Per month
Penalty Fee 1% Per month
Over Limit Fee 2% of Over Limit Amount
Voucher Retrieval Fee per voucher (Within 3 months only) 15,000 MMK + any other fees
Account Statement Copy 5,000 MMK

Apply to Increase Credit Limit 50,000 MMK
Level Up the Card Account 50,000 MMK
Purchase Interest Rate 16% Per Year
Cash Advance Interest Rate 1.33% Per Month (start counted on first transaction date)​

Balance Inquiry ATM MAB ATM - Free
Domestic ATM - 500 MMK
International ATM - 1,000 MMK
Overseas ATM Cash Withdrawal Fee 10% of the transaction amount+ other oversea ATM charges
Local ATM Cash Withdrawal Fee MAB ATM – 5% of the transaction amount + other local ATM charges
ATM Cash Withdrawal Amount
 20% of Credit Card valid amount

Maximum Credit Limit 2,500,000 MMK
Local & Overseas (POS, E-Commerce) Monthly Limitation 2,500,000 MMK per month
Cross Border Service Fees Subject to markup rate

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