Mutual Trust Bank PLC, often abbreviated as MTB, stands as a prominent financial institution in Bangladesh. Established to provide comprehensive banking solutions, it caters to a wide array of customer needs, including retail banking, SME financing, and Islamic banking options. The bank emphasizes innovation and customer satisfaction, earning accolades such as being named the Best Commercial Bank in Bangladesh for 2025 by Global Excellence Chronicle Magazine. Among its diverse products, credit cards play a key role, offering convenient payment methods for shopping, dining, and travel.
MTB’s credit cards are designed with modern lifestyles in mind, featuring chip-and-PIN technology for enhanced security. They come in various tiers, from basic to premium, each tailored to different spending habits and preferences. Whether you’re a frequent traveler or someone seeking everyday rewards, these cards provide value through exclusive perks. In this guide, we’ll explore everything you need to know about MTB credit cards, ensuring you make an informed choice.
History and Overview of Mutual Trust Bank
Founded in Bangladesh, Mutual Trust Bank has grown into a reliable name in the banking sector. It offers services like deposit accounts, loans, and digital banking via the MTB Neo app, which allows 24/7 access for transactions, bill payments, and more. The bank’s focus on digital innovation is evident, as it was recognized as Bangladesh’s Best Digital Bank for the second consecutive year by Euromoney.
Credit cards form a core part of MTB’s retail offerings, with features like MRewardz for loyalty points and FlexiPay for interest-free installments. These tools help users manage finances efficiently, promoting financial independence. The bank’s commitment to Sharia-compliant products, such as the MTB Yaqeen Ujrah Card, adds inclusivity.
Types of Mutual Trust Bank Credit Cards
MTB provides a range of credit cards, categorized by network like Visa, Mastercard, and UnionPay. Each type suits specific user profiles, from entry-level to elite.
Classic Credit Cards
The MTB Classic Credit Card, available in Visa or Mastercard variants, is ideal for beginners. It offers basic privileges like global acceptance and secure transactions.
Gold Credit Cards
Stepping up, the MTB Gold Credit Card provides enhanced shopping and dining privileges. Users enjoy higher credit limits and access to exclusive deals.
Platinum and Titanium Credit Cards
For premium users, options include the MTB Visa Platinum, Mastercard Titanium, and UnionPay Platinum. These cards focus on aspirational lifestyles, with benefits like travel perks and higher rewards.
Signature and World Credit Cards
The top-tier MTB Visa Signature and Mastercard World Credit Cards cater to high-net-worth individuals. They emphasize travel comfort, including lounge access and concierge services.
Additionally, co-branded cards like the MTB-BMA Mastercard series target specific groups, such as medical professionals, with tailored payment and travel needs.
Key Features and Benefits of MTB Credit Cards
MTB credit cards boast several standout features. All cards use EMVCo-compliant chip-and-PIN technology, reducing fraud risks. Users can access cash advances, though with fees, and enjoy contactless payments for quick transactions.
Benefits vary by tier. For instance, premium cards offer complimentary airport lounge access via LoungeKey, with up to 10 visits per year for Visa Signature holders. Travel insurance, purchase protection, and extended warranties add peace of mind. Dining privileges include buy-one-get-one-free offers at select restaurants.
The MTB Delight platform enhances savings with discounts at lifestyle, fashion, and dining merchants. For international use, cards support global transactions, with passport endorsement required for online purchases exceeding USD 300.
MRewardz Loyalty Program
One of the highlights is the MRewardz program, a free loyalty initiative for all MTB credit cardholders. Points accrue on POS and online transactions, excluding cash advances or wallet transfers.
Earning rates depend on the card:
- Classic: 1 point per BDT 100 or USD 1
- Gold: 2 points
- Platinum/Titanium: 3 points
- Signature/World: 4 points
Redemption options include flight bookings, hotel stays, gift vouchers, car rentals, and bill payments. Points expire after three years, and only primary cardholders can redeem.
Here’s a quick list of redemption perks:
- Domestic and international flights
- Gift cards for shopping
- Free hotel stays
- Online purchases with delivery
This program encourages responsible spending while providing tangible returns.
FlexiPay Installment Facility
FlexiPay allows converting merchant purchases into EMIs at 0% interest, spanning 3 to 36 months. It’s available at partner outlets in categories like electronics, jewelry, and healthcare. Examples include ACI Motors for up to 36 months or Square Hospitals for shorter terms.
To use it, inform the merchant and sign the enrollment form. No additional fees are mentioned, making it a cost-effective way to manage large expenses. The Installment Purchase Program extends this to any POS or online transaction, convertible via the app or contact center.
Fees and Charges for MTB Credit Cards
Understanding costs is crucial. MTB maintains transparency with a standard interest rate of 20% per annum across cards. Below is a table summarizing key charges based on card types:
| Card Type | Annual Fee (Primary) | Annual Fee (Supplementary) | Late Payment Fee | Cash Advance Fee (MTB ATM) | Excess Limit Fee |
|---|---|---|---|---|---|
| Classic (Visa/Mastercard) | BDT 1,500 | BDT 700 | BDT 500 or USD 6 | BDT 200 or 2% (higher) | BDT 700 or USD 8 |
| Gold (Visa/Mastercard) | BDT 3,000 | BDT 1,000 | BDT 600 or USD 7 | BDT 200 or 2% (higher) | BDT 800 or USD 9 |
| Platinum/Titanium/UnionPay | BDT 5,000 | BDT 1,500 | BDT 800 or USD 9 | BDT 200 or 2% (higher) | BDT 900 or USD 10 |
| Signature/World | BDT 10,000 | BDT 2,000 | BDT 1,000 or USD 12 | BDT 200 or 2% (higher) | BDT 1,000 or USD 12 |
Other fees include card replacement (BDT 500-1,000), SMS alerts (BDT 300 annually), and EMI early settlement (0.50%). Cash advances from other ATMs incur higher rates, especially internationally.
Eligibility Criteria for Applying
To qualify for an MTB credit card, applicants typically need to be at least 21 years old, with a stable income source. Salaried individuals require a minimum monthly salary, often around BDT 20,000 for basic cards, while self-employed need business proof. Bangladeshi citizenship or residency is essential, along with valid ID like NID or passport.
Premium cards demand higher income thresholds, sometimes BDT 100,000 monthly. Credit history plays a role; a good CIB report boosts approval chances. Supplementary cards are available for family members aged 18+.
How to Apply for a Mutual Trust Bank Credit Card
The application process is straightforward. Visit an MTB branch with documents like salary slips, bank statements, and ID proofs. Alternatively, apply online via the MTB website or Neo app for faster processing.
Steps include:
- Choose the card type.
- Fill the application form.
- Submit documents.
- Await verification and approval, usually within 7-10 days.
- Activate the card upon receipt.
For support, call the 24/7 contact center at 16219.
Pros and Cons of MTB Credit Cards
Pros
- Generous rewards through MRewardz.
- 0% interest EMIs via FlexiPay.
- Global acceptance and travel benefits.
- Digital management via MTB Neo app, praised for its user-friendly interface in reviews.
Cons
- Higher annual fees for premium tiers.
- Points not earned on certain transactions like cash advances.
- Limited reviews in 2025, with some users comparing it to competitors like Dutch Bangla Bank for Visa Signature perks.
User Reviews and Experiences
In 2025, feedback on MTB credit cards is generally positive, focusing on reliability and rewards. App users highlight the Neo update as a “game-changer” for seamless transactions. However, some discussions on social platforms question perks compared to other banks, emphasizing the need for personal assessment.
Tips for Maximizing Your MTB Credit Card
To get the most value:
- Use for everyday spends to accumulate points.
- Opt for FlexiPay on big purchases.
- Pay bills on time to avoid late fees.
- Monitor statements via the app.
- Redeem points before expiry.
Always read terms and conditions to stay informed.
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Conclusion
Mutual Trust Bank credit cards offer a blend of convenience, rewards, and security, making them a solid choice for Bangladeshi consumers. With options for every budget and lifestyle, they support financial goals effectively. If you’re ready to enhance your spending experience, consider applying today. Remember, responsible usage is key to enjoying long-term benefits.
