Credit cards are gaining popularity in Pakistan, and an increasing number of people are using them for day-to-day purchases and spending. The trend of digital banking is on the rise, and people are increasingly using credit cards because they find them a safer way to make payments and a more convenient option for later purchases. Moreover, various banks offer discounts, deals, and promotions for using credit cards in everyday spending. However, it is essential to note that not all credit cards are the same for making purchases. 

Every bank in Pakistan has different terms and conditions for its credit cards. Some cards offer lower fees, provide better rewards, and include lifestyle perks for users. For this reason, it is crucial to select the right credit card that suits your needs. It really matters whether you are a business owner, a salaried individual, or someone who loves to travel, because choosing a card tailored to your needs will only benefit you. The Tashheer team in this article will examine some of the top credit cards available in Pakistan and help you select the ideal one.

Why Choose a Credit Card?

Having a credit card comes with a variety of advantages that extend beyond borrowing money. It is convenient, flexible, and offers additional control over financial transactions for both local and international payments. With credit cards, paying your utility bill, making an airline reservation, or shopping online is made easy, and you don’t have to give money to family members without cash, as security is guaranteed. Pakistan also has a great variety of banks that offer reward programs, cash back, and retailer discounts, making each purchase more valuable. Credit cards can also help improve your financial management. 

You will receive a detailed monthly statement, allowing you to control your spending habits and budget better. Responsible use, which entails paying off your balance on time in full, can help build a good credit history, which is essential for securing loan approvals or favorable financing options in the future. There is also the provision of flexibility, such as installment plans and emergency credit limits, that can be utilized in the event of unforeseen circumstances. With an appropriate selection of a card that matches your financial requirements and pace of life, you can maximize the benefits of the credit card system while managing your budget effectively, all while being in complete control.

Top Banks Offering Credit Cards in Pakistan 

Several top banks in Pakistan offer credit cards tailored to the needs of their clients, matching their lifestyle. These credit cards will cater to your spending habits and financial needs. No matter if you want to avail cashbacks, Shariah-compliant options, or travel rewards, everyone has something special for them. 

HBL (Habib Bank Limited)

Habib Bank Limited is one of the largest Islamic banks in Pakistan. This bank offers you a vast variety of credit cards, including gold, platinum, and prestige cards. In the HBL’s Cards, you get different benefits like global discounts, travel insurance, and purchase protection. 

UBL (United Bank Limited)

Cards offered by the UBL (United Bank Limited) are best if you want to enjoy flexibility and convenience. These cards provide international discounts and usage, EMI facilities, and various reward points on your purchases. However, if you are a business traveler who frequently uses your credit card for purchases, then this card is best suited for you. 

Bank Alfalah

If you want to enjoy discounts on your lifestyle, dining, travel, and fuel, then consider getting a credit card from Bank Alfalah. Bank Alfalah offers a special program called the Alfalah Orbit program, which allows you to earn and redeem points smoothly. 

Standard Chartered Bank

Standard Chartered Bank is best known for its cashback credit cards. It offers you interesting discounts and promotions when you dine, shop for groceries, or refuel. Credit cards offered by Standard Chartered Bank are ideal for individuals looking to manage their spending more effectively. 

Meezan Bank

Meezan Bank is the leading Islamic bank in Pakistan. Meezan Bank offers some exceptional Sharia-compliant debit cards for individuals seeking to avoid interest and adhere to Islamic finance principles. 

Best Credit Cards for Rewards and Cashback 

Reward and cashback credit cards are the ideal cards, encouraging people to spend more of their daily expenses. Pakistan has several banks offering attractive programs that reward customers with points or a percentage of their spending amount. One of the best cards is the Standard Chartered Cashback Credit Card, which offers cashback amounts of up to 10 percent on grocery purchases, petrol, and utility bills. The Orbit Credit Cards of Bank Alfalah allow you to earn Orbit Points, which are redeemable for shopping, travel, or payment of bills. 

The reward-based cards, also provided by HBL and UBL, accrue points for every rupee spent. You should use your card for regular purchases, such as fuel, groceries, and online purchases, particularly with partnered retailers, to maximize your rewards. It is recommended that you consistently pay your bill on time to avoid being charged interest, which may offset the amount of cashback or rewards. Select a card that suits your spending preferences, so that every transaction is worthwhile.

Best Credit Cards for Travel and Air Miles 

If you are a frequent traveler, consider getting a credit card that offers rewards, as it can save you a significant amount of money and provide additional benefits. Having such a card can help you gain free access to airport lounges, enjoy travel perks, and earn air miles. Travel credit cards are specifically designed for travelers to make their travel experiences more affordable and rewarding. Here are some cards you can have;

Best Credit Cards for Low Fees and Interest Rates 

If you are concerned about credit card fees, we offer cards with low or zero fees and interest, making them ideal for everyday spending. The Classic card from the UBL and the MCB Lite card are among the best options for individuals like you. These cards have very minimal charges and easy approval conditions. Meezan Bank offers an Islamic Credit card, which is best suited for individuals who prefer interest-free options. It is based on a Sharia-compliant model. 

How to Choose the Best Credit Card for Your Needs? 

The selection of a credit card depends on your lifestyle, income level, and interest in managing your finances. When you do a lot of shopping, use a rewards or cashback card. In travel, consider joining airline mileage programs and taking advantage of lounge access. Compare aspects such as annual fees, interest rates, and partner discounts to find the best option. Use utilities such as online comparison services or banking applications to compare offers. It is best to select a card that suits one’s needs without enabling them to overspend on fees or interest. Read more about 8 Best Banks for Freelancers in Pakistan.