The 50, over and above the salary, local credit card in Syria is the first of its kind in Syria. It facilitates to its holder a withdrawing ceiling up to 50 000 SP guaranteed by the salary placed at the Commercial bank of Syria or any other bank.
1-Qualifications required in a card applicant:
- Must have placed his/her salary at the Commercial Bank of Syria or any other Syrian bank; however one of the guarantor, at least, must have placed his/her salary at the Commercial bank of Syria.
- If working at the public sector, an applicant must be a permanent employee.
- If working at the private sector, an applicant must have enrolled in the social securities benefits for, at least, three constant years.
- Applicant's net salary must be above 5 000 Sp /month. Deductions should not exceed 60 % of the gross Salary as evidenced by the salary statement issued by the employer.
- Must provide two guarantors who have their salaries placed at one of the Syrian Banks; and must fulfill the following qualifications:
· If working at the public sector, a guarantor must be a permanent employee
· If working at the private sector, a guarantor must have enrolled in the social securities benefits for, at least, three constant years.
· Guarantor's net salary must be above 5 000 Sp/ month.
2- Documents required from an applicant and the two guarantors:
- A statement issued by the bank where the applicant placed his/her salary evidencing the placement of the salary at such bank.
- A copy of the identity card of each of the involved parties.
- A salary statement verified by the authorized salaries trustee where the relevant individual works at, undertaking to transfer to the bank's account, all amounts due on the cardholder.
- The signature of the applicant's pledge.
- The signature of the guarantor's pledge
