Bank of Maldives

Credit Cards

Choose from either our American Express, Visa or Mastercard Credit Cards. All our cards are accepted worldwide and you have access to the largest POS and ATM network in the country.

Bank of Maldives Credit Cards

Key features

All of our credit cards have the following features to help you stay in control:

Instant credit card limit approval*
Secure and convenient way to pay, anywhere in the world.
Choice of ways to manage your account - online, by phone or at a branch
Keep track of your money with Internet Banking and Mobile Banking App
Extend your credit card benefits with a supplementary card.
24/7 customer support

You can enjoy up to 51-days interest free and minimum payment requirement of 5% of your monthly balance.

*Instant approval of credit card limit is applicable for individuals who has received their salary consecutively for 12 months via BML payroll service and has maintained a satisfactory credit history with us.

To check your expected Credit Limit Login to BML Internet Banking

USD Visa Credit Card

US Dollar Visa Credit Card allows foreign purchases without any of the existing foreign transaction limits
Card can be used up to the customer’s approved credit card limit
Ideal for those with high foreign spend
Repayments can only be made in US Dollars.
Existing Visa Credit Card holders can opt to change their card for a USD card via Internet or Mobile Banking
You can also apply for a new card online

American Express Platinum

Comes with complimentary Priority Pass for airport lounge access worldwide to the cardholder as well as travel Insurance.

Credit Limit: MVR 76,050 to MVR 380,249
Interest on Rollover: 2.5% per month
Joining Fee: MVR 900
Annual Fee: MVR 1500
Supplementary / Additional Card Annual Fee: MVR 900

You may use your credit card up to the maximum card limit for local purchases

APPLY ONLINE

American Express Gold

Credit Limit: Above MVR 22,000
Interest on Rollover: 2.65% per month
Joining Fee: MVR 500
Annual Fee: MVR 800
Supplementary / Additional Card Annual Fee: MVR 400
A new temporary limit of USD 750 per month has been implemented for foreign spend on credit cards.

You may use your credit card up to the maximum card limit for local purchases

APPLY ONLINE

American Express Green

Credit Limit: up to MVR 22,000
Interest on Rollover: 2.85% per month
Joining Fee MVR 200
Annual Fee MVR 450
Supplementary / Additional Card Annual Fee: MVR 200
A new temporary limit of USD 750 per month has been implemented for foreign spend on credit cards.

You may use your credit card up to the maximum card limit for local purchases

Mastercard World

Travel benefits including Mastercard Airport Lounge programs (LoungeKey) as well as travel Insurance.

Credit Limit: Above MVR 380,250
Interest on Rollover: 2% per month
Joining Fee: MVR 1,350
Annual Fee: MVR 2,250
Supplementary / Additional Card Annual Fee: MVR 1,350

You may use your credit card up to the maximum card limit for local purchases

Mastercard Platinum

Travel benefits including Mastercard Airport Lounge programs (LoungeKey) as well as travel Insurance.

Credit Limit: MVR 76,050 to MVR 380,249
Interest on Rollover: 2.5% per month
Joining Fee: MVR 900
Annual Fee: MVR 1,500
Supplementary / Additional Card Annual Fee: MVR 900

You may use your credit card up to the maximum card limit for local purchases

Apply online

Mastercard Gold

Credit Limit: MVR 22,815 to MVR 76,049
Interest on Rollover: 2.65% per month
Joining Fee: MVR 500
Annual Fee: MVR 800
Supplementary / Additional Card Annual Fee: MVR 400
A new temporary limit of USD 750 per month has been implemented for foreign spend on credit cards.

You may use your credit card up to the maximum card limit for local purchases

APPLY ONLINE

Mastercard Standard

Credit Limit: Below MVR 22,815
Interest on Rollover: 2.85% per month
Joining Fee: MVR 200
Annual Fee: MVR 450
Supplementary / Additional Card Annual Fee: MVR 200
A new temporary limit of USD 750 per month has been implemented for foreign spend on credit cards.

You may use your credit card up to the maximum card limit for local purchases

For American Express credit cards

BML EasyPay

With our American Express credit cards, you can also take advantage of our easy installment plan EasyPay to pay for goods in installments at participating merchants.

Learn More

Visa Signature

Comes with complimentary Priority Pass for airport lounge access worldwide to the cardholder and guests as well as travel Insurance.

Credit Limit: Above USD 25,000
Interest on Rollover: 2% per month
Joining Fee: USD 90
Annual Fee: USD 150
Supplementary / Additional Card Annual Fee: USD 90

You may use your credit card up to the maximum card limit for local purchases.

Existing Visa Credit Card holders can opt to change their card for a USD card via Internet or Mobile Banking. You can also apply for a new card online and use without any foreign spend limit restriction.

Visa Platinum

Comes with complimentary Priority Pass for airport lounge access worldwide to the cardholder as well as travel Insurance.

Credit Limit: USD 5,000 to USD 24,999
Interest on Rollover: 2.5% per month
Joining Fee: USD 60
Annual Fee: USD 100
Supplementary / Additional Card Annual Fee: USD 60

You may use your credit card up to the maximum card limit for local purchases.

Apply Online

Visa Gold

Credit Limit: USD1,500 to USD5,000
Interest on Rollover: 2.65% per month
Joining Fee: USD 30
Annual Fee: USD 55
Supplementary / Additional Card Annual Fee: USD 30
A new temporary limit of USD 750 per month has been implemented for foreign spend on credit cards.

You may use your credit card up to the maximum card limit for local purchases

Apply online

Visa Classic

Credit Limit: Below USD1,500
Interest on Rollover: 2.85% per month
Joining Fee: USD 15
Annual Fee: USD 35
Supplementary / Additional Card Annual Fee: USD 15
A new temporary limit of USD 750 per month has been implemented for foreign spend on credit cards.

You may use your credit card up to the maximum card limit for local purchases

Travel insurance for credit cardholders

Learn more

Learn More

What is a credit card?
Using a credit card, you can make purchases up to a certain limit and pay for them later. We give up to 51 days for you to pay for your purchases without charging any interest.

You can set up automatic monthly payments to be deducted from your account at the end of every month. If you pay your credit card balance in full every month, you will not be charged interest.
Can an expatriate get a BML credit card?
Yes. Credit card to expatriates is issued upon securing a cash lien equivalent to 110% of the credit card limit. Customer is required to submit a consent letter with their credit card application stating below information:
- Preferred Credit Card Limit
- Consent to hold 110% of the credit limit
- Full account number for which the lien is to be marked
How do I apply for a credit card?
Log into Internet Banking and under the “Services” tab, apply for a Credit Card. Do make sure any supporting documents are attached too. You can also submit an Application Form to any of our branches.
Note: Only customers eligible for a new credit card will be able to apply. For existing customers, we will not be able to issue additional/supplementary credit cards at this time.
What is a credit limit?
The credit limit is what is available for you to spend on your credit card. This limit is spread across all your credit cards. For example, if you have MVR60,000 as a credit limit, this will be the limit available to for all your credit cards – not just one card.
Using a credit card responsibly, making sure payments to your card are made on time and if you have chosen automatic payment, having enough money in your account to make payments are all important ways to build your credit score.
Your credit score has an impact on whether you’re eligible for loans or financing.
Can I apply for an additional or supplementary credit card?
For customers with credit cards, we will not be able to issue new credit cards or additional/supplementary credit cards at this time. If you do not have a debit or credit card and you are eligible for one, you can apply via Internet Banking.
How can I contact the Bank on any credit card issue?
If you’re registered to internet banking, please log-in and send a message to us or call our Contact Centre at 3330200. You can also contact us through the number mentioned on the back of your credit card.

Frequently Asked Questions

1. What is a USD Visa Credit Card?

The USD Visa Credit Card is a dollar credit card offered by BML, targeted towards customers who pay to card in dollars and want to transact without sending foreign transaction limit increase requests to the Bank. New customers can apply for Visa Credit Card and choose the USD payment option. Existing customers can convert their existing Visa Credit Card to a USD Visa Credit Card. Payment to this card can only be made in US Dollars.

2. Which card products will have a USD version?

The following card products will have a USD version:

• Visa Credit Standard

• Visa Credit Gold

• Visa Credit Platinum

• Visa Credit Signature

• Visa Corporate Card

3. How do I apply for a new USD Visa Credit Card / USD Visa Credit Corporate Card?

You can apply online via BML Internet Banking or Mobile Banking App.

4. Can I only make repayments to the USD Visa Credit Card in US Dollars?

Yes.

5. Can I convert my existing Visa Credit Card to a USD Visa Credit Card?

Yes, you can apply to convert your existing card via BML Internet Banking or through our Mobile Banking App.

6. Can I change back to my previous Visa Credit Card after converting to a USD Visa Credit Card?

No, this is a permanent change.

7. Can I keep my existing Visa Credit Card and apply for an additional USD Visa Credit Card?

No, you can only have one type of Visa Credit Card. However, you can request for an additional card (either Mastercard or American Express) after converting your Visa Credit Card.

8. If I have a Mastercard or an American Express but not a Visa Credit Card, can I request for a USD Visa Credit Card?

Yes.

9. What will happen to my current outstanding balance on my existing Visa Credit Card after it is converted to a USD Visa Credit Card?

You have 3 options, which you can select online at the time of application:

• Settle outstanding balance in MVR before converting to USD Visa Credit Card

• Transfer the outstanding balance to another credit card (either Mastercard or American Express)

• Keep the outstanding balance in USD Visa Credit Card and repayment for that will be in USD going forward.

10. What is the daily limit and the monthly limit on the Card?

You will enjoy the credit limit extended to you on your credit card. No other foreign transaction limits will be in effect for this card.

11. Should I have a USD account with BML to apply for a USD Visa credit card?

Yes, you must have a USD account to apply for a USD Visa Credit Card. Your USD account must also be set as your card’s auto pay account.

12. Can I make repayments to USD Visa Credit Card via ATMs?

Yes, you can make repayments to the card in dollars through our USD ATMs. MVR cash will not be accepted for card repayment. You may also make repayment via debit card at any ATM from a USD account.

13. Can I make repayment to USD Visa Credit Card via cheques?

USD cheques will be accepted but any cheques in MVR will be returned by the Bank.

14. Will there be any changes to the current overall credit limit if I have more than one card?

The current overall credit limit across all your cards will remain the same.

15. Is card plastic design different?

No.

16. How many days will it take for the card to be processed?

New credit cards will be processed within 10 working days. If you are converting your existing card to a USD card, it will take 5 days. You will receive an SMS once successfully completed.

Useful downloads

Card Transaction Dispute Form	English
Credit Cards T&C	English / Dhivehi
Outlets Offering BML Easy Pay	English
Request to change to USD Visa Credit Card	English
FAQ - USD Visa Credit Card	English
Credit Card Application Form	English
Supplementary Credit Card Application Form	English
Sample consent letter format for expatriate customers	English
FAQ - Instant Credit Cards	English