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Posted On: 31 May 2009 05:38 pm
Updated On: 12 November 2020 02:09 pm

IBQ launches ‘cash back’ cards

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IBQ yesterday announced the expansion of its credit card portfolio with the launch of a new range of premium payment solutions, all of which offer five percent cash back on purchases made using the card. The new IBQ Gold MasterCard, IBQ Platinum Visa and IBQ Infinite Visa are all fully chip and pin-enabled, and aim to provide the bank’s customers with a secure, flexible and convenient payment solution in addition to a wide range of shopping and travel benefits. A key value-added benefit and differentiator of the new IBQ cards is the exclusive five percent Cash Back offer. As part of this feature, the five percent cash will be offered instantly at the time of purchase made by the cardholder. It is valid for all purchases, both retail and online made locally or across the world. Existing cardholders of IBQ will also be able to enjoy the Cash Back feature when they apply for any of the three cards in the new range. On activation of their card, the Cash Back feature will be enabled, offering them unmatched value. IBQ has also become the first and only Qatar-based issuer of the prestigious Infinite Visa card, which offers the ultimate purchasing power and lifestyle privileges to high net worth individuals and a first-class, exclusive 24-hour concierge service. Each of the new cards offer free Travel Insurance and Purchase Protection, free supplementary cards for life, no annual fees for the first year, SMS notification for every transaction, online account access, 24-hour service through the bank’s call centre and worldwide acceptance across millions of establishments and ATMs. “The rapid economic growth of the Qatar economy has helped shape the personal financial needs of its residents. As consumers are becoming more selective about their preference for personal financial products, IBQ’s new suite of cards is entering the market at an opportune time,” said George Nasra, Managing Director of IBQ. Philip King, Head of Retail Banking at IBQ, said: “IBQ’s innovative products and service-oriented approach has made us increasingly seen as the ‘Bank of Choice’ for many. The new range of credit cards is yet another exciting addition to this long-standing track record..”