Trade and Development Bank of Mongolia virtual Visa/Mastercard/UnionPay review

The annual fee is MNT 2,000. That sits above the median annual fee of €0 across the cards in this comparison. The rewards type is none, so nothing comes back from the spend either.

No. The rewards type is none, so the card works as a payment tool rather than a rewards card. Cashback is common among many cards in this comparison, which is the sort of category the free options from bunq and Varo Believe Secured Credit Card sit in.

The card comes from the Bank of Mongolia, the regulator listed for Mongolia. The legal entity behind it is Trade and Development Bank of Mongolia LLC, a bank founded in 1990 and based in Mongolia. Support for the account runs through the bank itself, with phone and email listed as the contact routes.

Support runs on phone and email, so a call or an email reaches the bank. No chat or social messaging is listed for this card, which matters if you would rather have instant answers than a written reply or a recorded call.

The card is offered as a virtual Visa, Mastercard or UnionPay, so the network you need is a choice within the same product. It is issued through the bank rather than posted out, which suits people who only pay online. The annual fee for the virtual card is MNT 2,000.

Debit cards account for 82.2% of the cards in this comparison, and this one works that way, drawing on the balance held with the bank. The annual fee is MNT 2,000 and the rewards type is none.

It is a product of a bank headquartered in Mongolia, so the natural market is Mongolia, where the Bank of Mongolia is the listed regulator. People shopping for a card in the UK or Europe are more likely to find a local alternative from bunq at €0 or Wise at £0.