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Private-Banking-Signature-July-Dec-23 JS Bank

The document summarizes key features of the JS Private Banking Signature Credit Card, including details about annual fees, interest rates, payment allocation, charges, default fees, insurance coverage, and expiry details. It notes that customers should carefully read the full Terms & Conditions before signing and emphasizes that the information provided is not intended to replace the actual Terms & Conditions of the card.

Uploaded by

Muhammad Aasim Hassan
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395 views4 pages

Private-Banking-Signature-July-Dec-23 JS Bank

The document summarizes key features of the JS Private Banking Signature Credit Card, including details about annual fees, interest rates, payment allocation, charges, default fees, insurance coverage, and expiry details. It notes that customers should carefully read the full Terms & Conditions before signing and emphasizes that the information provided is not intended to replace the actual Terms & Conditions of the card.

Uploaded by

Muhammad Aasim Hassan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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The information contained in this Box summarizes key features of JS Private Banking Signature Credit Card and is not

intended
to replace any Terms & Conditions of the JS Private Banking Signature Credit Card. It is very important that customers should
carefully read the complete Terms & Conditions before agreeing and signing this information.

Information Explanation
Joining Fee No Card Issuance or Joining Fee

Rs. 12,500/- (Reduced fee of 4,999 will be charged on spending of Rs. 150,000/-
Annual Fee — within one month of card activation
JS Private
Banking Signature The Annual fee is applicable from first year onwards, and can be reversed as per above criteria.
Credit Card Once customer has completed the required retail spending, they may get their annual fee reversed
by calling the call center.
Annual Fee —
Supplementary Card Rs. 5,250/-

Annualized 49.99% on retail, 48% on cash advance,


Percentage Rate
(APR) 36% on Balance Transfer and Cash on call
Purchase Type Monthly Rate Annual Rate
Retail Purchasing 4.16% 49.99%

Cash Advance 4% 48%


Interest Rates
Balance Transfer 3% 36%

JS Installment Plan - 12m(32%), 24m(34%), 36m(36%)

Cash on Installment - 12m(40%), 24m(42%), 36m(44%)

Up to 51 interest-free days for retail transactions, provided customer clears his / her full outstanding
Interest-free Period
balance before the due date.

No interest would be charged on new purchases, if the payment is made in full within the due date
for each billing cycle and no balance is carried forward from the previous months. Otherwise, the
period over which interest is charged for different product features will be as mentioned below:
Interest Charging From Until
Information Purchases Transaction Date Paid in Full Balance
From Transaction Date Paid in Full Balance
From Transaction Date Paid in Full Balance
Interest will be charged on Cash Advance & Balance Transfer from the date of transaction.

July 2023 to December 2023


Information Explanation
If the balance is not paid-off in full, payments received are applied as per the below sequence:
1. Billed Service Charges / Interest 2. Billed Cash Advance
Payment Allocation 3. Billed Retail Transactions 4. Billed Balance Transfer
5. Unbilled Service Charges / Interest 6. Unbilled Cash Advance
7. Unbilled Balance Transfer 8. Unbilled Retail Transactions
{Principal Retail * 5% + Cash Advance * 5% + Installment amount (if any) + Billed Fee *
* 5% + Billed Markup * 5% + Over Limit amount (if any) + Last month unpaid
Minimum Monthly minimum payment (if any)} OR 500 PKR whichever is higher.
Repayments
If you make minimum payment of your JS Private Banking Signature Credit Card bill, interest will be
charged on the remaining balance after due date, so it will cost more and take longer to clear the
balance. Interest-free period is also lost if any balance of the previous months’ bills is outstanding.
Maximum Card Limit: Rs. 4 MN (based on JS Bank’s decision)
Cards Limits
Maximum Cash Withdrawal Limit: Up to 50% of card limit
The following charges will apply to your JS Private Banking Signature Credit Card:

Charge Type Charge Amount

Cash Advance Fee (per transaction) 3.5% or Rs. 1800 whichever is higher
Balance Transfer / Cash on Call Processing Fee Rs. 1,000/- per transfer
International ATM / POS Transaction Rs. 450/- or 4.5%, whichever is higher
SMS Alert Charges Rs. 100/- per month
Over Limit Fee Rs. 1,000/-
Cash Payment Fee Nil
Local - Rs. 300/-
Document Retrieval Charges
International - Rs. 850/-
Charges
Card Replacement Fee Rs. 4,000/-

VISA Arbitration Charges for


USD 500/-
Disputed Transactions

Litigation Charges At actual

Credit Protector 0.48% of monthly outstanding balance (optional)

JS Installment Plan Processing Fee Rs. 720/-


JS Installment Plan Cancellation /
Pre adjustment Fee Rs. 850/-

Utility Bill Payment Fee Rs. 250/- per transaction

Chip Maintenance Annual Fee Rs. 950/-


Issuance of Duplicate NOC Rs. 1,000/- per instance
Physical Statement Fee (optional) Rs. 250/- per month

July 2023 to December 2023


Information Explanation
Please note that these charges are subject to change at the Bank's discretion, and are announced
every six months in the Bank's Schedule of Charges. In addition to these charges, Government
Charges Levies and Taxes will also be recovered including Sales Tax / FED. A complete list, of all charges
applicable on your JS Private Banking Signature Credit Card, is available in the prevailing Schedule
of Bank Charges.

The following charges apply to your credit card in case of delayed or rejected payments:

Charge Type Charge Amount


Late Payment Charges Rs. 2,400/- or 10% of minimum amount,
whichever is higher
Returned Cheque Charges Rs. 1,500/-
Default Charges
Autopay Rejection Fee Rs. 2,000/-
Please note that these charges are subject to change at the Bank's discretion, and are announced
every six months in the Bank's Schedule of Charges. In addition to these charges, Government
Levies and Taxes will also be recovered including Sales Tax / FED. A complete list, of all charges
applicable on your JS Private Banking Signature Credit Card, is available in the prevailing Schedule
of Bank Charges.

Expiry JS Bank Cards expiry can be 1, 2 or 3 years.

JS Private Banking Signature Credit Card is offered with Credit Protector facility, underwritten by
EFU Life Assurance Limited. The Credit Protector facility is provided to cardholders in accordance
with the Bancassurance Agreement & Master Policy issued by EFU Life. Customers are required to
Insurance Coverage
provide their consent in the application form. Credit Protector covers cardholder's outstanding
(Optional)
balance in the unfortunate event of accidental death or permanent disability. Further, it provides an
equal sum of money to cardholders or their beneficiaries. JS Bank acts as distributor for this
coverage. This coverage costs 0.48% of the outstanding balance per month.

Customer’s Signature & Date Branch Manager’s Signature, Stamp & Date

July 2023 to December 2023


23rd Floor, Ocean Mall, Plot No. G-3. Block-9
Khayaban-e-Iqbal, Clifton, Karachi, Pakistan-75660
Toll Free 0800 000 10

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