Credit Card

A credit card is a revolving unsecured or partly secured credit facility. The issuing bank sets a credit limit based on the holder's income and credit history. Purchases made during a billing cycle appear on a monthly statement, which shows the total due, the minimum amount due and the payment due date.

If the full amount is paid by the due date, purchases usually carry no interest during the interest-free period. If only part is paid, interest is charged on the outstanding balance, often at a relatively high rate. Cash withdrawals generally attract interest from the date of withdrawal and an additional fee. Late payment fees apply if even the minimum is not paid.

In Nepal, credit cards are issued by BFIs under NRB directives, which govern eligibility, limits, interest and fee disclosure, and loan classification of overdue card dues. Card dues are reported to the Credit Information Bureau. International credit cards can be issued within NRB's foreign exchange rules and limits.

The card network (Visa, Mastercard, UnionPay or a domestic scheme) routes the transactions, while the issuing bank bears the credit risk.

Cash withdrawal with a credit card is capped at 10% of the card's approved limit. Money loaded into a wallet from a credit card may be used only to pay for goods and services, not moved to a bank account or withdrawn as cash.

क्रेडिट कार्ड घुम्ती प्रकृतिको कर्जा सुविधा हो। जारीकर्ता बैंकले आम्दानी र कर्जा इतिहासका आधारमा कर्जा सीमा तोक्छ। बिलिङ चक्रका खरिद मासिक विवरणमा देखिन्छन्, जसमा कुल बक्यौता, न्यूनतम तिर्नुपर्ने रकम र भुक्तानी मिति हुन्छ।

तोकिएको मितिभित्र पूरा रकम तिरे खरिदमा सामान्यतया ब्याज लाग्दैन; आंशिक भुक्तानी गरे बाँकी रकममा ब्याज लाग्छ। नगद निकासीमा निकासी मितिदेखि ब्याज र शुल्क लाग्छ।

नेपालमा बैंक तथा वित्तीय संस्थाले नेपाल राष्ट्र बैंकको निर्देशनअनुसार क्रेडिट कार्ड जारी गर्छन्; बक्यौता कर्जा सूचना केन्द्रमा जानकारी गराइन्छ र भाका नाघेको रकम कर्जा वर्गीकरणमा पर्छ।

क्रेडिट कार्डबाट नगद झिक्ने सीमा स्वीकृत सीमाको बढीमा १० प्रतिशत हो। क्रेडिट कार्डबाट वालेटमा लोड गरिएको रकम वस्तु तथा सेवाको भुक्तानीमा मात्र प्रयोग गर्नुपर्छ, बैंक खातामा पठाउन वा नगद झिक्न मिल्दैन।