Features and Rules:
1- Card validity is (2) years.
2- The card’s currency is Iraqi Dinar “IQD” and withdrawal outside Iraq is permitted in that outside country’s currency.
3- Visa Platinum holder may use the card for online purchases or direct purchases via point-of-sale “POS” devices inside and outside Iraq.
4- The limit on cash withdrawal from ATMs located inside Iraq shall be of (IQD2,000,000) two million Iraqi Dinars per day.
5- The limit on cash withdrawal from ATMs located outside Iraq shall be equivalent to ($200) two hundred Dollars per day, provided that the maximum monthly withdrawal does not exceed the equivalent of ($1,000) one thousand Dollars.
6- The maximum limit for online purchasing or direct purchase via point-of-sale “POS” devices shall be equivalent of (IQD 15,000,000) fifteen million Iraqi Dinars per day, provided that the maximum monthly limit does not exceed the equivalent of (IQD 45,000,000) forty-five million Iraqi Dinars.
7- The card holder shall be provided with additional Platinum card (PRIORITY PASS) in order for him/her to enter VIP lounges available in most world airports and enjoy the services within.
8- Supplementary Cards: Card Holder may get issued supplementary cards.
9- Card Holder must be one of TBI primary clients or is introduced and known by one of those primary clients.
10- Collateral for the Card is to be decided by TBI for after reviewing the client’s requested Credit limit and the cardholder is obliged to provide the collateral upon approval.
11- VISA PLATINUM card holder shall avail an additional PRIORITY PASS Card to enjoy the benefits provided at most of the International airports for customers using VIP lounges.
Fees and Commissions:
1- VISA PLATINUM card issuance fees is: (IQD 70,000), in addition to (IQD 25,000) for SMS services (Optional).
2- Security Deposit: (110 % of the Credit limit approved for card, non-refundable unless 30 days after the date of Card closure request received.
3- SMS commission of (IQD 25000) is deducted annually from the customer's account (from those customers who have availed the service).
4- Withdrawal commission from TBI ATMs is 3.75% of the total cash amount or (IQD 25,000) (whichever is higher). For the withdrawal from non-TBI ATMs inside Iraq, there is a charges for 2.5% of the total cash amount.