MWD/MPU Credit Card

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MWD MPU Credit Card can be applied for local use with Myanmar kyat without initial deposit. It can be used to make payment for goods and services in POS Terminals or e-Commerce Websites, and cash withdrawal.

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You can apply for two supplementary cards per principal card.

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Classic Card

  •  Maximum Credit Limit : 500,000 MMK
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Gold Card

  • Maximum Credit Limit : 1,500,000 MMK
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Silver Card

  • Maximum Credit Limit : 5,000,000 MMK

Benefits

  • No need to pay card issuing fee for applying new card
  • No initial deposit required
  • Enjoy 45 days interest free period
  • No joining fee is charged to apply supplementary card

Features

  • Share your credit limit and benefits with your immediate family members by applying for supplementary cards.
  • You can apply up to 2 supplementary cards.
  • Ability to withdraw cash
  • E-Bill Statement/ Email Statement can be checked out for used transactions.

Managing your card

Checking E-Bill Statement 

  • E-Bill Statements will be sent to the principal card holder monthly via email.
  • You can check out your E-Bill Statement by registering for MWD internet banking services.

Repayment

  • You can make repayment with the auto debit transfer instruction as per your choice as minimum payment or full payment.
  • By using MWD i-Banking & m-Banking, you can make repayment 24/7, easily and securely.
  • You can make repayment with cash at nearest MWD branches.

Fees and Charges

Description of Charges Types of Card
Principal Card (MMK) Supplementary Card (MMK)
Classic Gold Platinum
Joining Fee 15,000 30,000 45,000 Free of Charge
Annual Fee 15,000 25,000 45,000 50% of Principal Card
Card Replacement Fee 10,000 15,000 20,000 Same as Principal Card
Card Renewal Fee 10,000 15,000 20,000 Same as Principal Card
PIN Reissued Fee 3,000 MMK
Statement Reprinted Fee 1,000 MMK
Cash Advance Fee (On us) 3,000 MMK per transaction
Cash Advance Fee (Off us) 1% on used amount + 3,000 MMK per transaction
Cash Advance Limit (%) 20 % on Credit Limit
Retail Transaction Limit (%) 100% on Credit Limit
Minimum Payment Amount (%) 20% on used Amount
Interest Rate per annum (%) 20% on used Amount
Partial Payment Fee (%) 2% on Outstanding Amount
Late Payment Fee (%) 1% on Outstanding Amount
Card Lifespan 5 years
Past Day Due Age Code 3 times
Payment Due Day 15th of the Month
Direct Debit Prior Due Day 3 days
First ASF Charge Credit Card Approval Time
Maximum Supplementary Card Allowed per Principal Card 2 Cards
Cash Advance Limit per day Maximum 300,000 MMK
Cash Advance Limit per Transaction Maximum 300,000 MMK
Retail Transaction Limit per Day Maximum 5,000,000 MMK

How to Apply

-You can apply for MWD MPU Credit Card at Myawaddy Bank Limited (HO) and any of MWD branches.

Required Documents

Principal Card

  • National Registration Card
  • 2 passport-size color photos (within six months)
  • Household registration certificate
  • Recommendation and NRC of two guarantors
  • Valid Mailing Address in Myanmar
  • Contact Phone Number
  • Tax Receipt (for Gold Card and Platinum Card)

-For Employee

  • Employer Confirmation Letter
  • Source of funds or Monthly pay slip (Past 3 months)
  • Bank Statement (Past 3 months)
  • Copy of tax book (if required)

-For Self-Employed

  • Business License/ Company Registration
  • Company Financial Statement
  • Bank Statement of Personal Account (Past 6 Months)
  • Previous year tax receipt
  • Other Resources of income
  • Interest Income

-For Retiree

  • Pension Book
  • Tenancy Agreement
  • Bank Statement (Past 3 months)
  • Other Source of Income Evidence (Professional Fees, rental fees, etc…)

-Supplementary Card

  • National Registration Card of applicant
  • National Registration Card of principal card holder
  • Household registration certificate

Corporate Banking

  • Trade Services
  • Cash Management
  • Fund Transfers
  • FX Services
  • Corporate

Personal Banking

  • Deposit Products
  • Lending Products
  • Remittance
  • Card Payment
  • Others Services

Contact Us

 

Phone - (+95)(01) 2301367, 2301368, 2301452, 2301378, 2301401, 2301410, 2301406

Fax - (+95)(01) 2301395, 2301450, 2301402, 2301422, 2301423

Address - No(151), 8 Quarter, the corner of Bogyoke Aung San Street & War Dan Street, Lanmadaw Township, Yangon.