The cap cuts the saving on 12% of offers at Rs 10,000
Across 27,283 offer and card pairs with a fixed rate and a stated cap, the median headline rate is 20%. The cap is lower than bill × rate on 0% of pairs for a Rs 2,000 bill, 1% for Rs 5,000 and 12% for Rs 10,000. So for an ordinary meal the headline rate usually holds, and the median effective rate stays at 20% on Rs 5,000; the cap starts to decide the saving on large bills.
Among banks with at least 30 pairs, caps bite most often at National Bank of Pakistan (on 98% of pairs at Rs 10,000) and least often at HBL (4%).
Effective rate = the rupees saved after the cap ÷ the bill. Example: 40% off capped at Rs 2,000 is 40% on Rs 5,000 (Rs 2,000 saved) but 20% on Rs 10,000 (still Rs 2,000).
By bank
Sorted by how often the cap cuts the saving on a Rs 10,000 bill. Banks with fewer than 30 pairs are left out.
| Bank or programme | Offer × card pairs | Headline rate | Rs 2,000: effective rate (cap binds) | Rs 5,000: effective rate (cap binds) | Rs 10,000: effective rate (cap binds) |
|---|---|---|---|---|---|
| All banks | 27,283 | 20% | 20% (0%) | 20% (1%) | 20% (12%) |
| National Bank of Pakistan | 141 | 40% | 40% (0%) | 40% (4%) | 30% (98%) |
| PayPak | 109 | 15% | 15% (0%) | 15% (8%) | 10% (97%) |
| JazzCash | 112 | 20% | 20% (0%) | 20% (14%) | 10% (81%) |
| BankIslami | 37 | 15% | 15% (0%) | 15% (8%) | 10% (62%) |
| HabibMetro | 83 | 20% | 20% (0%) | 20% (0%) | 20% (59%) |
| MCB Islamic | 906 | 20% | 20% (0%) | 20% (2%) | 20% (29%) |
| Al Baraka Bank | 548 | 20% | 20% (0%) | 20% (4%) | 20% (28%) |
| Faysal Bank | 1,452 | 25% | 25% (0%) | 25% (1%) | 20% (20%) |
| JS Bank | 1,844 | 30% | 30% (0%) | 30% (0%) | 25% (16%) |
| MCB Bank | 958 | 25% | 25% (1%) | 25% (1%) | 20% (16%) |
| Bank of Punjab | 1,251 | 30% | 30% (1%) | 30% (1%) | 30% (15%) |
| Bank AL Habib | 2,063 | 20% | 20% (0%) | 20% (1%) | 20% (12%) |
| Bank Alfalah | 3,905 | 20% | 20% (0%) | 20% (1%) | 20% (10%) |
| Meezan Bank | 1,988 | 20% | 20% (0%) | 20% (1%) | 20% (9%) |
| Allied Bank | 1,713 | 20% | 20% (1%) | 20% (1%) | 20% (8%) |
| UBL | 2,796 | 20% | 20% (0%) | 20% (0%) | 20% (7%) |
| Askari Bank | 2,935 | 20% | 20% (0%) | 20% (1%) | 20% (5%) |
| HBL Islamic | 1,625 | 20% | 20% (1%) | 20% (1%) | 20% (4%) |
| HBL | 2,747 | 20% | 20% (1%) | 20% (1%) | 20% (4%) |
How to read this
The effective rate is a median, so it only moves once caps bind on more than half of a bank's offers; the “cap binds” share shows the change earlier. A bank whose caps bind often at Rs 10,000 is a weaker choice for family dinners and large shops, even with the same headline rate. For a personal decision, the card matters more than the bank: premium tiers often carry larger caps. See the best card for dining by tier.
Method
Only fixed-percentage offers count; “up to” rates and offers with no stated cap are excluded (see offers with no stated cap). Each eligible card with a stated cap on an offer is one pair, so a bank listing many card tiers on one offer contributes several pairs. If a bill is below the offer's minimum spend, its effective rate is 0%. Figures are medians of aggregates; no offer text is reproduced. Part of the Pakistan Card Discount Index.