MWD/MPU Credit Card
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.
You can apply for two supplementary cards per principal card.
Classic Card
- Maximum Credit Limit : 500,000 MMK
Gold Card
- Maximum Credit Limit : 1,500,000 MMK
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.