18th May 2025, Kathmandu
Everest Bank Limited (EBL) has introduced the VISA Domestic Credit Card, a modern payment solution that makes shopping and cash withdrawals simpler for its customers.
EBL VISA Credit Card
This card works like an electronic alternative to cheques, allowing users to pay for goods and services easily or withdraw cash from ATMs across Nepal and India.
A Convenient Payment Tool for Everyday Use
The EBL VISA Domestic Credit Card offers customers a flexible spending limit. Users can borrow money up to their credit limit to pay merchants or withdraw cash when needed. This revolving credit line helps customers manage their expenses conveniently without carrying cash.
With this card, you can shop at many stores that accept VISA or withdraw cash from any ATM displaying the VISA logo. The card is valid for use in both Nepal and India, making it ideal for people who frequently travel between these countries.
Key Features of the EBL VISA Domestic Credit Card
The card comes packed with features designed for ease and security:
Two-Country Usage: You can use the card at VISA-affiliated ATMs and payment terminals throughout Nepal and India.
Enhanced Security: The card uses chip technology and requires a PIN at payment terminals, ensuring safer transactions.
Wide Acceptance: Pay conveniently at many shops and businesses that accept VISA payments.
Easy Cash Withdrawals: Get instant cash from any Visa-enabled ATM.
Flexible Repayment Options: You may pay back as little as NPR 1,000 or 10% of your outstanding balance (whichever is higher), or clear the full balance each month.
Interest-Free Period: Enjoy an interest-free shopping window from 15 to 45 days, depending on the billing cycle.
Competitive Interest Rates: A monthly interest of 2% applies after the interest-free period ends or immediately on cash withdrawals.
Credit Limit Range: Eligible users can receive a credit limit from NPR 50,000 up to NPR 5 lakh.
Cash Advance Facility: Withdraw up to 10% of your total credit limit as cash when needed.
Spending and Withdrawal Limits
To maintain control and security, Everest Bank has set limits on daily and monthly card spending and cash withdrawals. These limits apply separately for Nepal and India. Users should check their applicable limits to avoid inconvenience during transactions.
Fees to Know
While the card offers many conveniences, some fees apply:
Initial card issuance fees
Annual renewal charges
Fees for card replacement
Charges for late payments or exceeding the credit limit
Costs for failed automatic payments and statement copies
Fees for credit limit increases
Notably, resetting your PIN is free of charge.
Eligibility Criteria
To qualify for the EBL VISA Domestic Credit Card, applicants must:
Be a Nepalese citizen aged 21 or above
Have a minimum monthly income of NPR 25,000
Foreign nationals with valid identification are also eligible. Furthermore, Everest Bank offers an easier path for customers with fixed deposits or other accounts by allowing them to apply against their deposits without submitting income proof.
How to Apply for the Card
Applying for the card is straightforward. You can:
Visit the nearest Everest Bank branch to collect and submit the application form
Download the application form online, fill it out, and submit it at your preferred branch
After the bank processes your application, you will receive your credit card along with a PIN. Once activated, you can start using the card immediately.
Required Documents
When applying, keep these documents ready:
Copy of citizenship certificate
A recent passport-sized photograph
Proof of income (salary certificate or business financial documents)
If you apply using your fixed deposit as collateral, you may not need to submit income documents.
Using Your Card Safely and Effectively
To ensure smooth and secure usage:
Memorize your PIN and destroy any written notes after learning it
When shopping, hand over your card to the cashier, who will swipe or insert it and ask for your PIN
Always collect your payment receipt
For ATM withdrawals, insert your card, enter your PIN, follow the instructions, and take your cash and receipt
Keep track of your monthly statements and pay at least the minimum due on time to avoid extra charges
Interest on cash withdrawals starts from the day you withdraw
Protecting Your Card and Account
EBL advises cardholders to:
Treat the card like cash and keep it secure
Sign the back of the card as soon as you receive it
Never share your PIN or keep it with the card
Change your PIN after receiving it for the first time and periodically afterward
Report lost or stolen cards immediately to block them
Regularly review your bank statements for unauthorized transactions and report discrepancies within 30 days
Avoid bending the card or exposing it to extreme heat or cold
Benefits for Frequent Travelers and Shoppers
The dual-country functionality benefits customers who travel between Nepal and India for business or leisure. Instead of carrying cash, they can rely on this credit card for quick and safe payments or cash access. The extended interest-free period also provides financial flexibility, making short-term expense management easier.
Conclusion: A Step Toward Financial Convenience
The Everest Bank VISA Domestic Credit Card is designed to meet the evolving needs of modern customers. It combines convenience, security, and flexibility, making daily financial transactions simpler across two countries. Whether you want to shop, pay bills, or withdraw cash, this card offers a reliable solution.
By understanding its features, costs, and proper usage, cardholders can take full advantage of the benefits. Everest Bank continues to support its customers with innovative banking solutions that match today’s dynamic lifestyle.
For more: EBL VISA Credit Card