Variable Interest Rate is the application of different interest rate based on the transaction volumes done through your CBL credit card. The more you do transact with CBL credit card, the less interest rate you are charged on your transaction amount.
In Bangladesh, we are the first bank to care for your volume of transactions you do with your credit card.
Program Dynamics:
We are offering below two types of interest rates for our cardholders:
Premium Rate
Standard Rate
Each and every transaction you do with your credit card, we give you this flexibility of paying less interest. It may be a purchase, a cash withdrawal, a balance transfer, a card cheque transaction (upcoming) or an installment payment.
A. Purchase:
01.
Premium rate: Interest Rate - 25.99% Purchase O/S amount: BDT 50K or USD 750 and above
02.
Standard rate: Interest Rate - 30.00% Purchase O/S amount: BDT Less than 50K or USD 750