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.
- 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.
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.
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
Card Fee / Joining Fee | Free | |
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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 ) |
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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) |
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Cash Withdraw Transactions Fees (International) | 6% + Oversea Bank Charges of withdrawal amount (Per Transaction) (Minimum charges for each transaction is MMK 1,000) |
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IPP Interest | 12% per annum | |
International Transaction Fees | Fees 25% ~ 50% (Note * Fees are subject to change without prior notice) |
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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 |