Which bank credit card is easiest to open? Reasons to choose MB credit card

Which bank currently offers the easiest credit card opening conditions? Is the credit limit limited by easy card opening conditions?

Banks often set strict conditions for opening credit cards, such as requirements for proof of income, assets, as well as accompanying documents... This article will help you answer the question of which bank credit card is easiest to open ? As well as the benefits of opening an MB credit card.

Criteria to determine which bank credit card to get

Each bank has its own policy on credit card opening conditions. Below are some factors that customers often care about when choosing a bank to open a card:

Conditions for granting credit limit

The conditions and procedures for reviewing credit limit applications of banks are different. Normally, banks will require proof of income through monthly salary statements to have a basis for granting credit limit. In addition, some banks have other credit limit review policies such as: transferring credit cards, having valuable assets such as savings books, bank deposits, real estate documents, etc. In particular, customers need to have a good credit history and always pay their outstanding balance on time. It can be seen that to open a credit card with a high limit, customers need to ensure a good financial accumulation foundation and a reputable credit history. Which bank credit card is best to apply for? Criteria for choosing a bank to open a credit card

Credit card interest

Credit cards essentially lend you money to spend first and then repay the bank later. This is a form of interest-free lending for a certain period of time (45-55 days depending on each bank's policy). If you are overdue and cannot repay the amount spent on your credit card, you will have to pay additional interest on that amount. You should prioritize choosing banks with low interest rates and long interest-free periods to avoid having to pay too much in case you forget or are not eligible to pay off your credit debt.

Credit card annual fee

Annual fees are fees you must pay annually to the bank to maintain the services you are using on your credit card. Annual credit card fees can range from a few hundred thousand to more than 1 million VND/year depending on the type of card and the bank. Some banks have a policy of waiving annual credit card fees. Although not a very large fee, annual credit card fees more or less affect your financial management. Therefore, when choosing to open a credit card at a bank, carefully study their annual fee policy.

Which bank credit card is easiest to open?

So, among the top reputable banks today, which banks are the easiest to open a credit card? MB is a bank that offers unique credit cards, many incentives, and simple conditions and procedures for opening a card. MB's credit cards have an annual fee waiver policy and extremely attractive interest rates compared to other banks, only 22.90 - 23.90%/year. Currently, MB is issuing many types of credit cards such as MB Priority, MB Visa Infinite, MB JCB, MB Visa,... Each card type is divided into 3 categories: Classic, Gold and Platinum. For each card product and card category, MB will have its own approval conditions with extremely preferential interest rates compared to the market. You can go to the nearest MB branch/transaction office to request to open a credit card. Staff will guide you through the most convenient procedures and documents to open a card and be granted a good limit. In addition, MB also owns the MB Hi Collection multi-function card line, integrating credit cards and ATM cards in the same single chip. When successfully activated, the card has a credit limit of 0 VND for new customers who have not been granted a credit limit. MB will automatically grant a credit limit for the credit card based on your spending behavior and history, without having to go through income proof procedures and prepare complicated documents. You can own a card, identify the card in 1 minute at home, 24/7 via the MBBank App . To learn more about each type of card, card class and specific card opening conditions, please refer to MB's Card Services . Which bank credit card should I apply for? MB offers extremely simple conditions for opening a credit card.

Reasons to choose to open a credit card at MB

In addition to simple conditions and procedures for opening a card, opening a credit card also has many advantages over other units:

No annual fee and competitive rates

Currently, MB is waiving annual fees for individual credit cards. For the MB Hi Collection multi-function card line, if you are not granted a credit limit, the first year's annual fee is waived and you only have to pay a fee of VND 60,000/year for the following years. Meanwhile, other banks charge quite high annual fees, ranging from VND 299,000 - VND 1,500,000/year depending on the type of card. In addition to the annual fee, other fees such as late payment penalties, ATM cash withdrawal fees, installment purchases, etc. on MB credit cards are also very competitive compared to the general market level.

MB credit card has very competitive interest rates

MB credit card interest rates range from 12% to 27% depending on the card class and customer group. Compared to other banks, MB credit card interest rates are much better.

MB credit card offers many incentives for cardholders

In addition, MB credit card also brings you many incentives during use:

• Interest free up to 45 days.
• Payment incentives for credit card holders from MB and partners in shopping, fashion, cuisine, etc.
• 0% installment payment for credit card holders applies to transactions from 3 million VND.

Many convenient features

With exclusive technology, MB will bring you a convenient and safe credit card experience:

• View card information anytime, anywhere : You can open a card, view transaction history, check card information,... quickly and conveniently on the MBBank App.
• Emergency card lock : If you accidentally lose your card, you can limit the risk of losing money by immediately locking the card on the MBBank App.
• Register for 0% installment payment : Register for 0% interest installment payment for all credit card spending over 3 million VND easily right on the MBBank App.
• Contactless payment: Super fast payment in seconds thanks to contactless payment technology.
• Multiple payment methods : Pay without physical cards on phones and smartwatches with Apple Pay and Google Pay.
• Safe and secure: Transactions are absolutely secure thanks to modern EMV chip technology and exclusive MB 3D Secure authentication feature.

MB credit card has convenient payment feature with Apple Pay and Google Pay

You can add your MB credit card to your Apple Pay and Google Pay wallets and experience a convenient, private and secure one-touch payment method right on your phone and smartwatch.

Benefits of using MB credit card

Among the banks that are easy to open a credit card, MB will bring you the most satisfying payment experience. Because in addition to the above benefits, MB credit cards have countless other great advantages waiting for you to discover. To register to open an MB credit card right now, you can download the MBBank App and own a card online right at home, or contact MB via hotline 1900.545426 for support!