Bank Alfalah Credit Card Charges 2026: Annual Fee for Every Card, Late Payment, Markup and Cash Advance (Full List)

Bank Alfalah credit cards cost Rs 7,000 a year for Visa Classic, Rs 14,000 for Gold, Rs 23,000 for Platinum and Rs 30,000 for Signature, before tax. Late payment costs a flat Rs 2,500, and unpaid balances carry 3.75% a month on most cards, an APR of 45%, or 3.83% a month on Classic. A cash advance costs Rs 1,200 or 3%, whichever is higher.

We read the credit card section of Bank Alfalah's schedule of charges for July to December 2026 on 1 November 2026. The schedule's figures exclude FED and sales tax. Below is every annual fee, the markup on retail and cash, the instalment plan rates, and the smaller charges that turn up on a statement.

Bank Alfalah credit card annual fees run from Rs 7,000 to Rs 30,000

The Visa Classic credit card costs Rs 7,000 a year and its supplementary card Rs 3,500. The Visa Ultra Cash Back card has an Rs 11,000 issuance fee and an Rs 11,000 annual fee. Gold costs Rs 14,000, Optimus Rs 17,000, Platinum Rs 23,000 and Signature Rs 30,000.

The Signature card is the only one with a printed discount. Its fee drops to Rs 5,000 once you meet the spend criteria, and the supplementary card to Rs 2,500. The schedule does not give the spend figure, so ask before you assume you will get it. A replacement card costs Rs 1,500 for Classic, Gold, AMEX and Ultra, and Rs 2,500 for Platinum, Optimus and Signature.

Bank Alfalah charges 3.75% a month on unpaid balances

If you do not pay the full bill, Bank Alfalah charges a service fee of 3.75% a month on most cards, which it states as a 45% annual percentage rate. The Visa Classic card costs 3.83% a month, or 46%. The same rate applies to retail purchases and cash advances.

That is expensive money. Carry Rs 100,000 for one month on a Gold card and the service fee is about Rs 3,750, by our sums, before tax. On Classic it is about Rs 3,830. Paying the full statement balance by the due date avoids it entirely.

SBP rules give you time to do that. Your statement must reach you 15 working days before the due date, as set out in your credit card bill rights. And there are seven ways to pay a Bank Alfalah credit card bill, from the Alfa app to an IBFT from another bank.

Late payment costs Rs 2,500 and cash costs at least Rs 1,200

Missing the minimum payment costs a flat Rs 2,500 late payment fee. Taking cash on the card costs Rs 1,200 or 3% of the amount, whichever is higher, and the cash balance also carries the monthly service fee. Cash through a non-Alfalah POS or Alfa costs up to 5% or Rs 1,500.

The over limit fee repeats. The schedule says it is charged every month until the balance falls back under your limit, so one big purchase can trigger it month after month. A failed autopay costs Rs 1,200, which is why it pays to keep the linked account funded on the due date.

Bank Alfalah instalment plans cost 26% to 40.74% a year

Bank Alfalah's Step by Step plan, which splits a purchase into instalments, costs up to 35.23% a year for 3 months and up to 40.74% for 12 months. Credit on Phone costs up to 30.38% to 35.07%. The Balance Transfer Facility costs 26.00% for every tenor.

On top of the rate, converting to Step by Step or Credit on Phone has a processing charge of at least 2.5% or Rs 1,500. Settling early costs 5% of the balance or Rs 1,000. A balance transfer has a processing fee of Rs 600 or 2.5%, whichever is higher. These are the kinds of costs compared across nine banks in credit card instalment plans.

Foreign spending costs 4.5% plus withholding tax

Card payments in foreign currency cost 4.5% of the amount or Rs 125, whichever is higher. On top of that, the schedule lists advance withholding tax on international spending: 5% for filers and 10% for non filers. Together that can add 9.5% or 14.5% to a foreign purchase.

On a USD 100 subscription, a non filer pays the 4.5% fee and 10% tax, about USD 14.50 extra, by our sums. Getting on the active taxpayer list halves the tax part.

1. Pay the full statement balance by the due date to avoid the 3.75% monthly service fee.
2. Set autopay from a funded account so you never pay the Rs 2,500 late fee or Rs 1,200 for a failed debit.
3. Avoid cash on the card: the fee is at least Rs 1,200, and the cash also carries the monthly service fee.
4. Check the spend target before choosing Signature for its reduced fee.
5. For foreign subscriptions, compare the 4.5% fee with your other cards.

SMS alerts on the card are free. SMS pull banking costs Rs 60 a month, and paying a utility bill through the card costs Rs 50 below Rs 5,000 or Rs 65 above. For how Alfalah's fees compare with other banks, see the best credit cards in Pakistan compared on fees.

Common questions

What is the Bank Alfalah credit card annual fee?

Rs 7,000 for Visa Classic, Rs 11,000 for Visa Ultra Cash Back, Rs 14,000 for Gold, Rs 23,000 for Platinum and Rs 30,000 for Signature, before tax.

What is the Bank Alfalah credit card late payment fee?

A flat Rs 2,500 on the July to December 2026 schedule.

What markup does a Bank Alfalah credit card charge?

3.75% a month, or 45% a year, on most cards, and 3.83% a month, or 46%, on Visa Classic.

How much does a Bank Alfalah credit card cash advance cost?

Rs 1,200 or 3% of the amount, whichever is higher, plus the monthly service fee on the cash balance.

How much does a Bank Alfalah credit limit increase cost?

Rs 1,000 per credit line increase, according to the schedule.

How we verified this

What we checked, where we read it, and what we could not confirm.

We read the credit card section of Bank Alfalah's schedule of charges for July to December 2026 on 1 November 2026, linked from its schedule of charges page. Figures exclude FED and sales tax unless stated. All rupee and dollar examples are our arithmetic. We could not verify the Signature spend target, the credit limit or income needed for each card, or which cards carry the Premier lounge access listed in the schedule.