Credit Cards & Insurance · Money
MCB credit card fees for July–December 2026: Classic, Gold and Platinum annual fees, how to get them reversed, 44% markup, limits and 4% foreign charge.
AI Summary
MCB issues three Visa credit cards: Classic, Gold and Platinum. As of its July to December 2026 Summary Box, annual fees are Rs 7,000, Rs 14,000 and Rs 22,000 plus FED, reversed if you spend Rs 50,000, Rs 150,000 or Rs 250,000 within 60 days. Unpaid balances and cash advances cost up to 44% a year. Foreign transactions cost 4% or Rs 100. Limits run from Rs 25,000 on Classic to Rs 30 lakh on Platinum, and Platinum adds 6 lounge visits a year.
An MCB credit card comes in three Visa types: Classic, Gold and Platinum. As of MCB’s July to December 2026 Summary Box, the annual fee is Rs 7,000, Rs 14,000 and Rs 22,000, plus FED. MCB reverses the fee if you spend Rs 50,000, Rs 150,000 or Rs 250,000 within 60 days of it being charged. Any balance you don’t pay in full costs up to 44% a year, so the right card depends on your spending and whether you pay in full.
Cost of carrying a balance on any MCB card
Up to 44% a year
3.67% a month, charged daily, on retail purchases you don't pay in full and on cash advances. From MCB's Summary Box and Schedule of Bank Charges, July to December 2026.
The table puts MCB’s three cards side by side. All figures are from the Summary Box and the Schedule of Bank Charges for 1 July to 31 December 2026.
| Classic | Gold | Platinum | |
|---|---|---|---|
| Annual fee (basic) | Rs 7,000 | Rs 14,000 | Rs 22,000 |
| Supplementary card | Rs 3,500 a year | Rs 7,000 a year | Rs 11,000 a year |
| Spend to reverse the basic fee (within 60 days) | Rs 50,000 | Rs 150,000 | Rs 250,000 |
| Credit limit | Rs 25,000 to under Rs 1.5 lakh | Rs 1.5 lakh to Rs 10 lakh | Rs 4 lakh to Rs 30 lakh (Rs 70 lakh for Prime customers) |
| Card replacement | Rs 1,200 | Rs 1,200 | Rs 2,400 |
| Lounge access | Not stated | Not stated | Up to 6 visits a year (Rs 1 each in Pakistan) |
FED is added to the annual fee, and MCB says all its charges are subject to FED and government taxes. So expect to pay more than the table shows.
Fees have risen since 2024. In MCB’s July to December 2024 schedule, Gold cost Rs 11,000 and Platinum Rs 19,000 a year. Classic stayed at Rs 7,000.
MCB charges the annual fee, then reverses it, with the FED on it, if you spend enough within 60 days of the charge. You have to call MCB’s call centre to ask for the reversal. As of July to December 2026, the spending needed is:
| Classic | Gold | Platinum | |
|---|---|---|---|
| Basic card | Rs 50,000 | Rs 150,000 | Rs 250,000 |
| Supplementary card | Rs 10,000 | Rs 25,000 | Rs 50,000 |
By our calculation, that’s about Rs 25,000 a month for Classic, Rs 75,000 for Gold and Rs 125,000 for Platinum over the two months. If you won’t reach that, the fee is a real yearly cost.
None is best for everyone. On MCB’s published terms, the choice comes down to three things:
MCB doesn’t publish a minimum salary for any card on its site. If you’ll often carry a balance, the perks matter less than the markup, which is the same 44% a year on every card. Compare MCB with other banks in our credit cards compared guide, or see HBL credit cards and UBL credit cards.
As of 16 October 2026, MCB’s Platinum page lists:
All three cards also come with free travel inconvenience insurance. It covers a flight delay of over 6 hours, baggage loss or damage, and baggage delay of over 6 hours, each up to Rs 100,000.
As of 1 July 2026, MCB’s markup and main fees are:
| Charge | Rate or fee |
|---|---|
| Retail purchases not paid in full | 3.67% a month (up to 44% a year) |
| Cash advance | 3.67% a month (44% a year) from the day you withdraw |
| Installment plans and cash advance in installments | 3.25% a month (39% a year) |
| Balance transfer with installments (I-Switch) | 2.25% a month (27% a year) |
| Late payment fee | Rs 2,500 |
| Over-limit fee | Rs 1,500 each time |
Pay the full bill by the due date and you get up to 50 days markup-free on purchases. The minimum payment is Rs 500 or 5% of the balance, whichever is higher.
If you pay only the minimum or part of the bill, markup is charged on the full balance from the transaction date until you pay. Then it runs on what’s left until the next statement. Your payment goes first to taxes, then markup, then fees, installments, cash and purchases last.
Other MCB card charges, as of 1 July 2026: bill payments by card Rs 10 or 1.5%, installment plan processing Rs 1,200 or 3%, and early payoff of an installment plan Rs 1,200 or 6% of what’s left, whichever is higher. SMS alerts and statements are free, and there’s no cancellation fee.
SBP has required banks since 1 September 2014 to give you a Summary Box with the APR, fees, limits and minimum payment before issuing a card. You sign it, and the bank keeps a copy. Read it before you sign.
MCB charges 4% or Rs 100, whichever is higher, on transactions at international merchants, as of 1 July 2026. That includes foreign merchants you pay from inside Pakistan, such as foreign websites. In July to December 2024 the rate was 4.4%.
MCB settles foreign card transactions by buying dollars in the open market. If that rate differs from the rupee amount shown when you paid, MCB charges the difference separately on your statement.
A cash advance costs Rs 1,200 or 3% of the amount, whichever is higher, as of 1 July 2026. The 44% a year markup runs daily from the day you withdraw, with no markup-free period.
You can take out up to 70% of your credit limit in cash, subject to your available credit. Our calculation: on Rs 20,000, 3% is Rs 600, so you’d pay the Rs 1,200 minimum. The 3% only applies above Rs 40,000.
As of the July to December 2026 Summary Box, each card has its own limit band:
You can apply for a limit enhancement in the MCB Live app. Up to 5 supplementary cards share your limit, and their spending counts against it.
You earn 1 point for every Rs 200 of retail spending. Each point is worth Rs 0.40 as cashback, which you can take once you have 1,000 points, up to 50,000 points a month. You can also swap points for products in the MCB eMarket catalogue. Redeem them in MCB’s Credit Card portal (cconline.mcb.com.pk), which also shows your points.
Our calculation: that’s a return of about 0.2% of what you spend. You need Rs 200,000 of spending to reach 1,000 points, which gives Rs 400 cashback.
For what banks check in general, including your credit record, see how to apply for a credit card. MCB reports card balances to SBP’s credit bureau (e-CIB), so a default can affect future loans.
Two kinds of tax can apply. FED is added to the annual fee, and MCB says all charges are subject to FED and government taxes. On spending abroad, banks collect advance income tax under section 236Y: 0.5% if you are on FBR’s Active Taxpayer List (ATL) and 1% if you are not, as of FBR’s rate card updated for the Finance Act 2026.
You can generate a withholding tax certificate in MCB’s Credit Card portal. For how filer status changes what you pay, see filer vs non-filer.
More guides: credit cards compared, Standard Chartered credit cards, travel insurance, Money.
Spend Rs 50,000 on Classic, Rs 150,000 on Gold or Rs 250,000 on Platinum within 60 days of the annual fee being charged, then call MCB's call centre. The fee and the FED on it are reversed. Supplementary cards need Rs 10,000, Rs 25,000 or Rs 50,000, as of July to December 2026.
As of July to December 2026, annual fees are Rs 7,000, Rs 14,000 and Rs 22,000 plus FED. Markup is up to 44% a year, foreign transactions cost 4% or Rs 100, a cash advance costs Rs 1,200 or 3%, and a late payment costs Rs 2,500.
MCB Platinum gives up to 6 complimentary visits a calendar year through the Visa Airport Companion app. Each visit in Pakistan costs Rs 1. Abroad, you need at least US$5 of international spending in the 90 days before the visit.
Rs 1.5 lakh to Rs 10 lakh, as of the July to December 2026 Summary Box. Classic runs from Rs 25,000 to under Rs 1.5 lakh, and Platinum from Rs 4 lakh to Rs 30 lakh, or up to Rs 70 lakh for MCB's Prime customers.
Use MCB's Credit Card portal (cconline.mcb.com.pk). Once you have 1,000 points you can take cashback at Rs 0.40 a point, or pick a product from the MCB eMarket catalogue. You earn 1 point for every Rs 200 you spend.
Photo: kamran.solangi / CC BY 3.0
Ask us. We read every question and reply by email when you leave one.
Credit Cards & Insurance
No single best credit card in Pakistan: annual fees, markup, foreign charges and lounge access for 16 cards from 7 banks, from their fee documents, Oct 2026.
Credit Cards & Insurance
To apply for a credit card in Pakistan you need age 21+, a minimum income (Rs 20,000 to Rs 35,000 a month at entry tier), CNIC, salary proof and clean eCIB.
Credit Cards & Insurance
Travel insurance in Pakistan compared: the EUR 30,000 Schengen visa rule, the 25 insurers on embassy lists, published prices and what is excluded.
