At Standard Chartered, we are concerned about respecting your values. We are glad to present Standard Chartered Saadiq VISA Credit Cards and Saadiq Visa Shopping Card – Pakistan’s first Shariah-compliant Cards, which combine the international acceptability of VISA with worldwide reliability and excellent service.

The Cards on offer are as follows:

Saadiq VISA Credit Card:
Saadiq Credit Cards operate on the ‘Ujrah’ concept which is based on a fixed fee structure, meaning that only fixed fee will be charged to the customer. The Card would not be levied with any floating percentage fee dependent upon the outstanding balance.

Saadiq VISA Shopping Card
At Standard Chartered, we believe in respecting your values. This is one card that lets you shop worry-free. Saadiq VISA Shopping Card (SVSC) gives you access to your money whenever and wherever you need it.

Service Account is a non-interest and non-profit bearing account which is maintained by the Bank for the Saadiq VISA Credit Card members.

Any amount of the current balance which is due and unpaid after the relevant payment due date, is transferred from the Card Account into Service Account.

A fixed monthly maintenance fee will be levied when the customer has balance on his Service Account irrespective of the outstanding balance.

Suppose you have a Saadiq VISA Classic Blue Credit Card with a limit of Rs 100,000. You utilize the entire Card limit, taking your outstanding balance to Rs 100,000 at the end of the month. Now you have the option of either paying the entire outstanding amount or paying only a minimum amount of the outstanding balance by the payment due date. Incase you pay the entire outstanding amount of Rs 100,000, no extra charges will be levied upon you. If, however, you choose to pay any amount less than the total outstanding balance, suppose you pay minimum amount due (5% of outstanding balance) i.e. Rs 5,000, the remaining outstanding amount of Rs 95,000 will be transferred to your Service Account and an account maintenance fee of Rs 2,000 will be charged.

A fixed fee is charged for maintenance of the Service Account and continued usage of the Card. The fee would vary for different card types (Classic, Classic Blue, Gold and Gold Plus), however, would remain the same for a particular card type. Maintenance fee will be charged only if the Service Account is utilised and/or reflects a balance for that specific month. The fee is not dependent on duration of the Service Account maintained and/or the amount of the outstanding balance. No fee will be charged for the months when the Service Account is not utilised.