DOHA: QIIB has announced the launch of the latest and most distinctive features in credit cards, which allows the Bank’s customers to avail of a monthly payment plan, equivalent to 5 percent of the due amount on the credit card.
Mohammed Al Mawlawi, GM, Chief Business Development and Marketing in QIIB, said: “The launch of the 5 percent monthly payment plan for QIIB’s credit cards comes within the framework of innovation and in response to customer requirements. It also signifies the Bank’s desire to provide our customers the best and most convenient features on credit cards, which they aspire. We hope the features-packed QIIB credit cards will meet the various needs of our customers in different categories and that they will find these easily accessible and most convenient.”
“The advantages and benefits of QIIB credit cards are many. Besides the option of a monthly payment plan, equivalent to 5 percent of the total due amount on the credit card, our customers can also earn QIIB Points that may be redeemed for tickets in more than 900 airlines worldwide. Also, QIIB credit cards are accepted worldwide.”
Mohammed Al Mawlawi said, “The holders of QIIB credit cards with the 5 percent monthly payment plan need only pay 1 percent as monthly profit rate. They are entitled to a Takaful coverage of up to QR100,000 at competitive charges in the sad event of a death.”
QIIB customers have the option to settle the credit card payments either by installments or as a lump sum. In case they choose to settle the whole amount, the 1 percent monthly profit rate will not be applied.
QIIB urged the bank’s customers to make use of the most innovative, useful and competitive features in the QIIB credit card, which will help them fix their priorities and settle their obligations at the lowest cost possible. Flexible payment options in the credit card will help those customers, who due to various reasons, may not be able to pay and clear their outstanding immediately.
Al Mawlawi also expressed his confidence that the various innovative features of the credit cards will be accepted and acclaimed by a wide range of QIIB customers because the bank has always been keen to design and offer features that are in
compliance with the best banking standards and approved by Islamic banking.
Existing customers or fresh customers who wish to avail of the distinctive features in the QIIB credit cards may visit any of the Bank branches, conveniently located at various places across Qatar.
