• Home
• /
• Business

Arab Bank offers new Visa card

"The new Visa credit card offers customers the opportunity to boost their purchasing power and make their lives easier. Steady steps have been successfully made to start and develop retail banking services at Arab Bank," he said.

"We have initially started with personal loans, and then expanded into auto loans and now credit card which will complement our product offerings to our customer base."

The product launch comes in partnership with Visa International, a brand with a worldwide acceptability, added Azab.

"We are glad that our credit card launch comes middle of-Win Your Dream Home campaign, where users of five transactions in a month of our Visa credit and Visa electron cards will qualify for a draw to win Dh1 million home any where in the world," said Azab.

"The corporate oriented bank is now focusing on individual customers to provide them with customised products to satisfy their needs and add value to their banking experience. We have been operating in the UAE for the last 40 years mainly in the commercial and corporate banking business," he said.

The card comes with features including up to 52 days of interest-free credit. Cardholders may choose between Visa Gold or Visa Classic cards, and can avail up to 40 per cent of their credit limit in cash advances. One of the main advantages of this card is the interest rate on purchases is one of the lowest available in the market.

Visa credit card is the newest addition to Arab Bank portfolio of retail service, more products are planned in the near future, he added.

Peter Scriven, general manager, Middle East, Visa International, said: "We are delighted that Arab Bank has launched their Visa credit card, giving their customers more flexible purchasing power." "We are witnessing the huge success of the Arab Bank Visa charge card, however, the demand for secure and convenient alternatives to cash is growing every day. By introducing the Visa credit card, Arab Bank is offering its customers an alternative to charge cards that gives cardholders the choice to spread their payments over a sustained period of time," he said.

"We believe that the Arab Bank Visa Card will be great success to our customers," he added.