TransBank, in partnership with UnionPay International, has introduced the first of its kind high-end Billionaire Premium 21g pure metal payment card in Mongolia.
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Card types |
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| • Debit |
• Credit |
This exclusive card offers a range of premium services, including travel insurance, discounts at retail establishments, VIP lounge access at international airports, and Domestic and international concierge services. It is a sophisticated payment solution designed to complement your lifestyle and reflect your prestige.
Benefits
- High daily transaction limit;
- Account can be connected to 4 different currencies /debit, credit/;
- Travel insurance (Maximum compensation amount 50,000 USD);
- U Collection discount, promotion https://www.unionpayintl.com/dynamic/ucollection/en
- Dragonpass https://en.dragonpass.com.cn/ (Access to VIP lounges on international flights, with one accompanying passenger, 6 times per year)
- Enjoy 3%-10% cashback on purchases and services from the following establishments. /VAULT CLUB, LA SCINTILLA RESTURANT, BITSY & CO,Alfie Restaurant/
Debit Cards terms and conditions
| Currency | MNT, USD, EUR, CNY |
| Membership fee | 2,000,000 MNT |
| Membership fee (from the 2nd year) | 500,000 MNT |
| Validity | 5 years |
| Expedited card issuance fee | 5,000 MNT |
| ATM Withdrawal Fee (Other Domestic Banks) | 500 MNT or equivalent in other currency |
| Balance inquiry fee (Other Domestic bank ATMs) | 100 MNT or equivalent in other currency |
| Balance inquiry fee (Domestic banks) | |
| Pin code recovery at branch (Pinpad) | 1,000 MNT or equivalent in other currency |
| Foreign bank АТМ, POB fee | 2% (min 3 USD) |
| Card re-issuance fee | 1,500,000 MNT |
| Daily cash withdrawal limit | 100,000,000 MNT or equivalent in other currency |
| Daily purchase limit | 500,000,000 MNT or equivalent in other currency |
| Card account minimum balance | 300,000 MNT/ 100USD/ 100EUR / 500CNY |
Credit conditions
| Credit limit | 10,000,000-500,000,000 MNT |
| Credit account currency | MNT, USD |
| Monthly minimum repayment | 10% |
| Non cash interest rate | 2% |
| Cash interest rate | 2.5% |
| Monthly billing statement date | 1st of every month |
| Repayment date | 20th of every month |
| Interest fee-free period | Up to 50 days* |
| Overlimit rate fee | 5.0% |
| Monthly late payment charge | 1% (min 10,000 MNT, 10 USD) |
| Credit reference fee /Per inquiry/ | 1,000 MNT |
| *Savings secured Credit Cards do not offer a grace period on purchases. Online applications are available only for MNT-denominated credit cards issued to individual customers and secured by one of the following deposit products: Term Deposit (6–24 months), Interest Payout Deposit (6–12 months), Incentive 6–Month Deposit; | |
NON CASH TRANSACTION:
A transaction conducted using a card or card number to pay for goods and services through a non-cash payment method.
CASH TRANSACTION:
A transaction involving cash withdrawals from the Bank’s ATMs or branches, account-to-account transfers, and other cash-equivalent transactions.
Required documents
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration
- And other required documents
