Dubai Bank announced the launch of its
new Islamic Covered Card, a unique Shari’a Compliant card that is also
accompanied by a value packed and fully-loaded Rewards Program called
“Choice”.
The Islamic Covered Card allows the customer the convenience to make
purchases at any merchant outlet and franchises throughout the world,
with the flexibility to pay back the amount depending on percentage of
their choice.
Abdulaziz Al Muhairi, CEO, Dubai Bank said Dubai Bank’s Islamic Covered
Card enables customers to make use of a value-packed product without
compromising on ethical values. Our keen focus on the needs of our
valued customers continues to drive the Bank’s success and growth, and
our new range of Sharia’a compliant products and services are catering
to the needs of our retail, corporate, and investment banking customers
in equal measure.” Profit rates for Dubai Bank’s Islamic Covered Card
are just 1.5% per month, representing a highly competitive rate in
today’s market compared with other cards available – typically 24-30%.
Adnan Chilwan, Head of Marketing & Product Development said, “Our card
and the accompanying launch offer is fully loaded in every sense. With
this card the customer not only can benefit from the Choice Rewards
Program but also can take advantage of the introductory launch offer.
Customers enrolling for the card during the next 3 months will get their
card free for life, will pay 0% profit for the first 3 months and make
absolutely no payment for the first 3 months – thus making this one of
the strongest card offers in the market. This offer is not only
available for Dubai Bank customers but also other bank customers who
wish to transfer their outstanding from their other bank card to a Dubai
Bank covered card.
‘Choice’, the comprehensive Rewards Program put together by Dubai Bank
for users of its Islamic Covered Card, gives its customers the option of
three schemes with which to reap the benefits of using the card.
Firstly, the Accumulate & Redeem Program offers the opportunity to gain
‘Choice’ points for every dirham spent on the card which can then be
redeemed against various gifts such as tickets, electronics, appliances
and household goods. Secondly, the Discount Program offers cardholders
exclusive membership to Dubai Bank’s Dining Club, Shopping Club, and
Health Care Club – where percentage discounts ranging from 10%-50% are
available with numerous leading partners in their respective industries.
Lastly, the Benefits Program offers Covered Card customers various
schemes including free Life and Travel Insurance, Purchase Protection
and Travel Assistance.
