Qatar Islamic Bank (QIB) has rolled out its latest Visa-branded credit card that offers flexible payment options to card members.
The new credit card, which is available in three variants, including infinite, platinum & gold, will provide QIB customers with the convenience of managing their cash flow by paying as low as 5% per month on their card outstanding balance.
The bank is giving a special launch offer to customers who apply for the new card between now and the end of 2016.
As part of the limited-time offer, QIB will not charge card issuance fees, cash withdrawal fees and supplementary card fees.
Cardholders will have the flexibility to pay anywhere between 5% and 100% of their monthly balance, as per the new terms of the card.
Further, customers with monthly settlements will be deducted automatically from their accounts. It also offers users the ability to perform early payments at their discretion at all times.
Moreover, the new credit card offers attractive reward points based on customers’ spend; customers will also benefit from higher credit limits, up to two times their monthly salary.
Customers who hold QIB Visa Platinum credit card can avail extra benefits including purchase protection, extended warranty of up to 12 months for items purchased through the card and discounts at various retail outlets.
QIB personal banking group general manager D Anand said: “We are pleased to introduce this new credit card with flexible payment option as part of our overall product suite.
“Our clients have been asking for a product that offers them the flexibility to carry their balances forward and we listened.”