BRAC Bank unveils Visa cashback credit card

BRAC Bank PLC has launched the “Visa Cashback Credit Card”, offering customers tangible savings, enhanced lifestyle benefits and greater financial flexibility across Bangladesh.

Tareq Refat Ullah Khan, managing director and CEO of BRAC Bank PLC, inaugurated the card as the chief guest at a function held recently at the bank’s head office in Dhaka, according to a press release.

The card allows customers to earn up to Tk 8,400 in annual cashback across retail, grocery, healthcare and wallet-related transactions.

Newly issued primary cardholders will also receive welcome vouchers from leading merchants, including Pickaboo, Artisan, Gadget & Gear and Chaldal.

During the first three months after issuance, customers can enjoy monthly cashback of up to Tk 300 on POS, QR and e-commerce transactions. The card continues to offer a 1 percent cashback on bKash wallet transfer processing fees.

Cardholders will receive a 10 percent monthly cashback on purchases at major grocery chains such as Shwapno, Meena Bazar, Agora and Unimart Limited, as well as at healthcare outlets including Lazz Pharma, Tamanna Pharmacy and Arogga.

For higher-value local and international purchases, the card provides flexible EMI facilities ranging from six to 24 months through the bank’s digital banking app, Astha. An extended EMI option of up to 36 months is also available at more than 1,700 partner merchants nationwide.

Customers will earn reward points on transactions, redeemable against eligible retail purchases or for annual fee waivers. The card additionally offers an optional Credit Shield Insurance facility, providing hospitalisation coverage and protection against death, permanent disability and critical illness.

Shabbir Ahmed, country manager for Bangladesh at Visa, and Mahiul Islam, deputy managing director and head of retail banking at the bank, were also present, along with senior officials from both organisations.