man thinking how to get credit card in Nepal

Credit cards are payment cards that allow users to purchase goods and services and pay for them later. The cardholder can use the card to pay for goods and services at merchants' locations through a POS system. The card can also be used to withdraw cash and check the balance at ATMs. It is relatively easy for Nepalese citizens to obtain credit cards from banks as long as they meet the income and financial history requirements set by regulatory authorities.

Types of Credit Card:

Credit card (NPR) : The card is issued in Nepalese rupees and can be used at ATMs and POS machines in Nepal, India, and Bhutan.


Credit Card (USD) : The card is issued in USD currency and can be used worldwide POS and ATM. Nepalese citizens with foreign currency income can apply for a USD credit card.

To ensure a smooth and successful application process for your credit card, please ensure that you have all of the necessary documents listed below:

  1. Citizenship card with passport-size recent photographs.
  2. For salaried individuals: Salary certificate not more than 2 months old along with supporting salary statement.
  3. For self-employed: Financial statement of the business for the last year and should be profitable.
The reason to use a credit card is that you get an interest-free credit period of about 45 days to repay the used credit limit. It is very helpful in most emergencies if used wisely and smartly.

Frequently asked questions:

1 . What is the minimum salary for a credit card in Nepal?

  •  Normally credit card limits will be provided up to 1.5 times to 2 times your gross monthly income.
2. How do you qualify for a credit card?
  • Any Nepalese citizens above 18 years old with a valid source of income and a good financial history are qualified for a credit card.
3. Are credit cards and ATM cards the same?
  • There is a difference between a credit card and an ATM card. An ATM card, also known as a debit card, is used to withdraw cash from your bank account. On the other hand, a credit card is a type of loan given by banks that enables you to make purchases of goods and services. Please be aware that you can only withdraw 10% of your credit card limit from an ATM, as per the regulations of the Nepal Rastra Bank.
4. Can I get a credit card on my first salary?
  • If you have past work experience of about 2 years in the relevant field of work today, yes you can apply for a credit card on your first salary.
5. What is the limit for credit cards?
  • The limit of a credit card is determined by your income source and repayment capacity. Normally your limit will restrict up to 1.5 to 2 times of your gross monthly income.
6. Can I get a credit card without income?
  • It is not viable to provide credit cards to anyone who does not have any valid and stable source of income.
7. How much money can withdraw from a credit card?
  • You can withdraw cash 10% of your credit card limit.
8. Can I pay by credit card in Nepal?
  • Yes, you can pay by credit card or credit card at various merchant POS in Nepal.
9. Which credit card is valid in Nepal?
  • Credit cards with major international networks such as Visa, Master Card, and Americal Express are accepted and valid in Nepal. 
10. Which banks can issue credit cards?
  • Out of 20 commercial banks, 17 banks are providing credit card facilities to their customer. Nepal Bank Limited, Agricultural Development Bank, and Nepal SBI Bank have not started the services yet.
11. What are the benefits of a Nepal credit card?
  • The main benefit of a credit card is you can avail of the credit card limit up to 45 days without any interest. Further, there are options to pay the amount in installments which makes it easier to repay the amount. Besides there are schemes in credit card facilities available to buy goods and services and convert the limit into EMI for easy repayment.
  1.  Credit Card Installment Scheme: Under this scheme, you need to submit a quotation from the approved merchants to the bank before purchase and get your EMI approved. Under this scheme, you will get an excess limit for your purchase.
  2. Credit Card Insta Buy Scheme: Under this scheme, you can buy goods and services from anywhere and submit a VAT bill for EMI and the bank will make necessary arrangements for monthly repayment. Under this scheme, you cannot use excess of your credit card limit.
If you use your credit card wisely, it can be very beneficial. However, any irregularities in repayment can result in fines being charged, which will increase your financial burden and damage your credit history. According to regulatory authorities, failing to service your credit card obligations for 3 months can result in being blacklisted.