Credit Cards & Insurance · Money
Askari Bank credit card charges from July 2026: Classic to World annual fees, 42% markup, cash withdrawal charges, 4.85% foreign fee and who qualifies.
AI Summary
Askari Bank issues Mastercard credit cards in Classic, Gold, Platinum and World, plus PIA co-brand and corporate cards. From its schedule effective 10 July 2026, annual fees are Rs 5,500, Rs 12,000, Rs 20,500 and Rs 25,000. Classic, Gold and Platinum get 50% off if you use half your limit within 2 months. Markup is 42% a year (44.4% on World), a cash advance costs Rs 1,500 or 3.5%, and foreign transactions cost 4.85%.
An Askari Bank credit card is a Mastercard in four main types: Classic, Gold, Platinum and World. From Askari’s schedule of charges effective 10 July 2026, the annual fee is Rs 5,500, Rs 12,000, Rs 20,500 and Rs 25,000, plus government taxes. Classic, Gold and Platinum get 50% off the fee if you use half your limit within 2 months. Any balance you don’t pay in full costs up to 42% a year (44.4% on World).
Cost of a cash advance on an Askari card
Rs 1,500 or 3.5%, plus 39.6% a year
The fee is whichever is higher. Service charges of 3.30% a month then run on the cash. From Askari's schedule of charges effective 10 July 2026.
All figures are from the credit card section of Askari’s schedule of charges addendum for the second half of 2026. Its heading says effective 10 July 2026, though the file name says 1 July.
| Classic | Gold | Platinum | World | |
|---|---|---|---|---|
| Annual fee (basic) | Rs 5,500 | Rs 12,000 | Rs 20,500 | Rs 25,000 |
| Fee waiver | 50% off on 50% use | 50% off on 50% use | 50% off on 50% use | None |
| Supplementary card | Rs 3,000 | Rs 6,500 | Rs 11,000 | Rs 14,000 |
| Markup on unpaid purchases | 3.5% a month (42% a year) | 3.5% a month (42% a year) | 3.5% a month (42% a year) | 3.7% a month (44.4% a year) |
| Card replacement | Rs 1,100 | Rs 1,300 | Rs 1,500 | Rs 1,800 |
| Lounge access | No | No | Yes, +1 guest | Yes, +2 guests |
Askari also lists a Corporate card (Rs 5,500, no waiver), the Awami card for existing customers only (Rs 2,700, no waiver), and PIA co-brand cards at Rs 6,000 (Classic), Rs 9,000 (Gold) and Rs 11,000 (Platinum), also with no waiver. The markup on Awami cards is 3.7% a month, the same as World.
All government taxes are charged on top.
On Classic, Gold and Platinum, you get 50% off the annual fee if you use 50% of your total credit limit within 2 months of the card being issued or renewed. Supplementary Classic, Gold, Platinum and World cards have the same rule. The basic World card has no waiver.
Our example: a Gold card with a Rs 2 lakh limit. Use Rs 1 lakh within 2 months and the fee drops from Rs 12,000 to Rs 6,000. The rule depends on your limit, not a fixed amount, so a higher limit means more spending to qualify.
MCB, for comparison, reverses the full fee on a fixed spend. Askari gives back only half.
A cash advance costs Rs 1,500 or 3.5% of the amount, whichever is higher. Service charges of 3.30% a month (39.60% a year) then run on the cash.
Our calculation: on Rs 20,000, 3.5% is Rs 700, so you pay the Rs 1,500 minimum. The 3.5% only applies above about Rs 42,900.
Askari’s Cash for Card plan turns part of your limit into cash you repay in installments. It costs 3% a month (36% a year), plus a processing fee of Rs 1,500 or 3.75%, whichever is higher.
| Charge | Fee (from 10 July 2026) |
|---|---|
| Late payment | Rs 2,200 each time |
| Foreign currency and DCC transactions | 4.85% of the amount |
| Extended Payment Plan (EPP) | 3% a month (36% a year) |
| Flexible Credit Plan (FCP) | 2% a month (24% a year) |
| Balance transfer (with or without installments) | 2% a month (24% a year) |
| Processing: FCP, EPP, Cash for Card | Rs 1,500 or 3.75%, whichever is higher |
| Processing: balance transfer | Rs 1,200 or 3.2%, whichever is higher |
| Early termination of a plan | Rs 1,500 or 5.5% of what’s left, whichever is higher |
| Chip maintenance fee | Rs 1,200 (basic), Rs 700 (supplementary) |
| Bill or utility payment by card | Rs 70 per payment |
| Limit enhancement | Rs 1,200 |
| Card upgrade | Rs 1,350 |
| Cheque return | Rs 1,500 |
| SMS alerts | Free |
The 4.85% foreign charge applies to every non-rupee transaction. It also applies to dynamic currency conversion, where a merchant outside Pakistan charges you in rupees. That is higher than MCB’s 4% and Faysal’s 4.5% on their cards. For installment plans at other banks, see credit card installment plans.
None is best for everyone. On Askari’s published terms:
The lounges Askari lists are the Majestic lounge at Karachi and CIP lounges at Islamabad, Multan, Faisalabad, Peshawar and Sialkot, at Rs 1 a person per visit. World and Platinum also include business lounges at international airports. For how Askari compares with other banks’ lounge cards, see lounge access cards.
As of 8 Oct 2026, Askari’s card pages listed these rules for Classic, Gold and Platinum:
| Minimum monthly salary (permanent) | Contract staff | |
|---|---|---|
| Government, semi-government, autonomous bodies | Rs 35,000 | Rs 45,000 |
| Companies on Askari’s approved list | Rs 50,000 | Rs 60,000 |
| Other companies | Rs 70,000 | Rs 80,000 |
Self-employed applicants need an average bank balance of Rs 150,000. You must be a Pakistani resident aged 21 or over, and no older than 60 if salaried or 70 if self-employed or a pensioner. For the World card, contract staff and pensioners can apply up to age 65.
Askari checks your eCIB credit report and your debt burden ratio. For the World card, your total debt payments can’t be more than 40% of your net disposable income. Limits run from Rs 30,000 to Rs 30 lakh, and up to 70% of the limit can be taken as cash.
Overseas Pakistanis with an Askari foreign currency account, Roshan Digital Account or Naya Pakistan Certificates can get a card against a lien on those funds.
Yes, as with every bank. Banks collect advance income tax on card payments abroad: 0.5% if you’re on FBR’s Active Taxpayer List and 1% if you’re not. SBP caps card spending abroad at US$30,000 a year per person across all banks. See filer vs non-filer and how to pay for Netflix and ChatGPT from Pakistan.
Askari is a conventional bank, with 396 separate Islamic branches as of June 2026, according to SBP.
More guides: credit cards compared, Faysal Bank credit cards, how to apply for a credit card, Money.
Rs 1,500 or 3.5% of the amount, whichever is higher, from Askari's schedule effective 10 July 2026. On top, service charges of 3.30% a month (39.60% a year) run on the cash you take.
Classic Rs 5,500, Gold Rs 12,000, Platinum Rs 20,500 and World Rs 25,000, plus government taxes. Classic, Gold and Platinum get 50% off if you use half your credit limit within 2 months of issue or renewal. World gets no waiver.
Pakistani residents aged 21 or over, up to 60 if salaried and 70 if self-employed. As of 8 Oct 2026, the minimum salary ran from Rs 35,000 (permanent government staff) to Rs 80,000 (contract staff at companies not on Askari's approved list).
Platinum and World do: lounges at all Pakistani airports on international travel, with 1 guest on Platinum and 2 on World, at Rs 1 a person. World also covers selected airports on domestic travel. Gold does not.
Rs 30,000 to Rs 30 lakh on Classic, Gold and Platinum, depending on your debt burden ratio, according to Askari's card page on 8 Oct 2026. Up to 70% of it can be taken as cash.
Photo by Towfiqu barbhuiya on Unsplash
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