A credit card is different to a debit card in the sense that it does not remove money from the user's account after every transaction. Rather the bank lends money to the consumer to be paid to the merchant. Credit card allows the consumer to 'revolve' their balance given that the credit card holder pays a certain interest.

For actually acquiring a credit card, one has to be a Nepalese citizen with proof of regular source of income. To apply for a credit card, one should provide a copy of citizenship as well as a recent passport size photo. Furthermore, 6 months of bank statement or pay slip, KYC details, latest salary certificate in case of salaried applicant. For a self-employed applicant, company registration certificates, tax registration certificate, latest tax clearance certificate, share holding pattern or share registered book and latest audited financial report should be presented.  In case you aren’t employed you can present source of income i.e. rent/lease agreement.

Mega Bank Nepal Limited also provides EMI facility for credit cards. Through this service, you can convert any purchase made with VAT invoice in easy installment of 12 months. This service is especially handy if you want to purchase electronic products, jewelry, luxury items, motorbikes or household items as it can be paid back in easy installment package.