Secured Credit Card

What is Secured Credit Card?

AYA’s innovative and newest product, the “Secured Credit Card” is simply for everyone who wants or needs a credit card without having to go through complex paperwork process. As opposed to applying a normal credit card, where proof of income or a guarantor is a prerequisite. Additionally, secured credit card will make a great use of your deposit balance in your Fixed Deposit Account. Card life and validity is 4 years however it can and will be cancelled when the attached Fixed Deposit Account is closed.

Features

We offer 3 different account tiers in respect to the Fixed Deposit Amount

Silver / Classic
Gold
Platinum

Credit Limit

The credit limit of a credit card is the maximum limit (2 Fix Deposit account can be combined) that can be borrowed. It can be up to 80% of your Fixed Deposit Amount.

Credit Statement

Receive your statement in the most convenient, secured, and eco-friendly way at the end of the month via email.

Bill Payment

Pay your credit card bill at any AYA Bank branches (or) anywhere, anytime using AYA Internet Banking and Mobile Banking account.

Manage Your Card

E-statements

We will send your monthly statements of your credit card account to your designated email address at the end of the month. The email statement lists the transactions made and the total amount due for payment.

AYA Internet Banking and Mobile Banking

Register for AYA Internet Banking and Mobile Banking Services to settle your credit card bills by transferring money from your AYA Bank accounts easily and securely 24/7.

Cash Payment

You can also settle your credit card account with cash at any AYA’s branches during business hours. Cash payment can be made at AYA Bank branches.

How to Apply

Requirements for Application

NRC Copy
Passport Photo
Original Fixed Deposit Certificate (Can combine up to 2 certificates)
One Savings Deposit Account with AYA Internet Banking/Mobile Banking

AYA Bank will only accept and agree to issue a secured credit card once it has received all necessary documentation and its internal checks have been completed to its satisfaction. AYA Bank reserves the right to reject an application.Terms and Conditions apply.

Terms and Conditions

01-2317777

Call our contact center agents for more details. Lines open 24/7

Or email us at info@ayabank.com

Fees and Charges

Card Fee / Joining Fee	Free
Annual Fees	MPU – JCB Card Silver - 30,000 MMK Gold - 60,000 MMK Platinum - 100,000 MMK	Visa Card Silver - 20,000 MMK Gold - 60,000 MMK Platinum - 120,000 MMK
Retail Interest	(10% Per Annum)
Penalty Fee	1% will be charge if full payment is not received by due date
Late Fee	2% will be charge if minimum payment has not been made by due date
Pin Rest / Reissue Fee	1,000 MMK
Card Reissue/Renew Fee	10,000 MMK
Cash Withdraw Transactions Fees (Domestic – AYA ATM)	6% of withdrawal amount (Minimum charges for each transaction is MMK 1,000 )
Cash Withdraw Transactions Fees (Domestic - Other Bank ATM)	6% + Off Us ATM Access Fee of withdrawal amount (Per Transaction) (Minimum charges for each transaction is MMK 1,000)
Cash Withdraw Transactions Fees (International)	6% + Oversea Bank Charges of withdrawal amount (Per Transaction) (Minimum charges for each transaction is MMK 1,000)
IPP Interest	12% per annum
International Transaction Fees	Fees 25% ~ 50% (Note * Fees are subject to change without prior notice)
Other Fees	Service Charges/ Fees will be inclusive based on the transaction types including refunds and reversal transactions.
Balance Inquiry Fee	Free
Over Limit Fee	Not Available