Bank Pekao - Learn How to Apply a Credit Card

Bank Pekao, one of Poland’s leading banks, offers a range of credit cards tailored to different needs, from everyday spending to business use. 

Applying for a credit card with Bank Pekao is straightforward if you meet specific eligibility requirements and follow critical steps. 

This guide walks you through the process, making it easy to understand each stage from start to finish.

Eligibility Criteria

To apply for a Bank Pekao credit card, you must meet basic eligibility requirements. These criteria help determine your suitability for credit approval.

• Age Requirement: Must be at least 18 years old.
• Residency Status: Polish residents are eligible; non-residents may need to provide additional documentation.
• Income Level: A stable income that meets the bank’s minimum threshold.
• Credit Score: A good credit score or positive credit history increases approval chances.
• Employment Status: Typically requires proof of employment or steady income.

Types of Credit Cards Offered by Bank Pekao

Bank Pekao offers a variety of credit cards to cater to different financial needs and preferences. Here's an overview of their main offerings:

Karta Kredytowa z Żubrem (Credit Card with the Bison):

• Standard Package: Ideal for everyday use, offering basic features with no monthly fee.
• Gold Package: Includes additional benefits such as higher reward points and travel insurance.
• Platinum Package: Provides premium perks like access to airport lounges and enhanced reward rates.

Pekao World Elite Mastercard:

• Designed for high-net-worth individuals, offering exclusive privileges, including concierge services and global assistance.

Pekao Visa Infinite:

• A premium card provides extensive travel benefits, higher credit limits, and personalized services.

Documents Required

To apply, you must submit certain documents to verify your identity, income, and residency.

• Proof of Identity: Valid government-issued ID (e.g., passport, national ID card).
• Proof of Income: Recent pay slips, salary certificates, or income tax returns.
• Proof of Residency: Utility bills or bank statements showing your current address.
• Additional Documents for Non-Residents: Valid residency permit or visa and Alien Certificate of Registration (if applicable).

Application Process

Applying for a Bank Pekao credit card is straightforward. There are three main methods. Here’s a quick guide for each.

Online Application:

1. Go to the Bank Pekao website.
2. Navigate to the "Credit Cards" section and select your desired card.
3. Click "Apply Now" to start the application.
4. Complete the application form with personal and financial details.
5. Upload the required documents (ID, proof of income, residency proof).
6. Review all entered information for accuracy.
7. Apply and await confirmation.

In-Branch Application:

1. Visit the nearest Bank Pekao branch during business hours.
2. Inform the staff of your intention to apply for a credit card.
3. Fill out the provided application form.
4. Provide copies of the required documents (ID, proof of income, residency).
5. Discuss any questions with the representative, if needed.
6. Receive confirmation of your submitted application.
7. Wait for the bank to review and contact you with the decision.

Mobile Application via PeoPay App:

1. Download and open the PeoPay app on your mobile device.
2. Log in or create an account with Bank Pekao if you haven’t already.
3. Go to the "Credit Cards" or "Products" section in the app.
4. Select the card you wish to apply for and tap "Apply."
5. Enter the necessary information and upload the required documents.
6. Review the application details to ensure they are correct.
7. Apply and track its status within the app.

Approval Process and Timeline

Understanding the approval process and timeline for the application is essential for effective planning. Here's a concise overview:

• Application Submission: Complete and submit your application through your chosen method: online, in-branch, or via the PeoPay app.
• Initial Review: Bank Pekao conducts a preliminary assessment of your application to ensure you have provided all required information and documents.
• Credit Evaluation: The bank reviews your credit history and financial standing to assess creditworthiness.
• Income Verification: Your income details are verified to confirm your ability to manage credit obligations.
• Decision Making: The bank approves or declines your application based on the evaluations.
• Notification: You receive communication regarding the outcome, typically via email or phone.
• Card Issuance: Upon approval, your credit card is produced and mailed to your registered address.

Timeline:

• The entire process generally takes 5 to 10 business days, depending on the completeness of your application and the bank's processing times.

Fees and Interest Rates

Understanding the fees and interest rates associated with Bank Pekao credit cards is essential for effective financial management. 

Below is an overview of common charges:

• Annual Percentage Rate (APR): The APR is the yearly borrowing cost, with the Credit Card with the Bison at 18.79%.
• Annual Fee: Some cards may have no annual fee, while premium cards could have higher fees. Specific amounts depend on the card type.
• Cash Advance Fee: A fee charged when withdrawing cash using a credit card, typically a percentage of the amount withdrawn.
• Foreign Transaction Fee: Applied to purchases made in foreign currencies, usually a small percentage of the transaction amount.
• Late Payment Fee: Imposed if the minimum payment is not made by the due date.
• Over-Limit Fee: Charged if spending exceeds the approved credit limit.
• Balance Transfer Fee: A fee for transferring a balance from another credit card, often a percentage of the transferred amount.

Credit Limit and How It’s Determined

The credit limit on a Bank Pekao credit card depends on several factors related to your financial profile. Below are the key considerations:

• Income Level: A higher, stable income generally qualifies for a higher credit limit.
• Credit History: A positive credit history with timely payments boosts credibility and may increase the approved limit.
• Debt-to-Income Ratio: Bank Pekao evaluates your current debt about your income; a lower ratio is favorable.
• Employment Status: A stable, long-term job or business increases the likelihood of a higher limit.
• Existing Credit Relationships: Good standing with Bank Pekao or other financial institutions can influence the limit positively.
• Requested Limit: Applicants can suggest a limit within reason, though final approval depends on the bank’s assessment.
• Review and Adjustments: After consistent, responsible use, you may request a limit increase, which the bank will evaluate based on updated financial data.

Contact Information

For assistance or inquiries regarding the card application process, you can reach out through the following contact details:

• Phone Number: +48 22 656 00 00
• Address: Bank Pekao S.A. Headquarters, ul. Żubra 1, 01-066 Warsaw, Poland

Final Takeaways

Applying for a Bank Pekao credit card is straightforward and offers a range of benefits tailored to your financial needs. 

You can confidently complete your application by understanding the eligibility criteria, required documents, and application steps. 

Use Bank Pekao’s financial solutions to enhance purchasing power and manage expenses effectively.

Disclaimer

This guide is for informational purposes only and does not guarantee credit card application approval with Bank Pekao. 

Terms, conditions, and eligibility requirements may vary; please consult Bank Pekao for the most accurate and up-to-date information.