Commercial Bank, one of the leading full service banks in Qatar,has announced the launch of Easy Pay: a first of its kind feature for all Credit Card customers. This unique feature allows customers to convert their Credit Card transactions of QAR 1,000 or more into “Easy Pay” instalments, payable in three, six or twelve month instalment plans at the special introductory rate of 0%.
This new feature combines the benefits of a Credit Card with the flexibility of a loan. A customer can make a purchase of QAR 1,000 or more anywhere in the world,with any merchant, and can choose to convert the transaction into“Easy Pay”, and pay back the amount in equal monthly instalments.
The Easy Pay launch follows a number of market firsts for Commercial Bank Credit Cards, including the launch of FlyMiles, the first Credit Card loyalty programme that allows customers to redeem reward points to any destination, with any airline and at any time. In September 2013, Commercial Bank also launched Qatar’s first Credit and Debit co-branded football cardwith Manchester United, offering football fans and followers the chance to get closer to the world’s most supported football team. Recently, Commercial Bank also launched the first instant issuance card kiosk in its D-Ring Road Branch, allowing customers to receive an activated and personalised Debit or Credit card instantly.
Dean Proctor, Commercial Bank EGM, Retail & Consumer Banking said: “Easy Pay is a unique feature on our Credit Cards that not only helps our customers in planning their monthly expenses better, but it also saves them money by paying backpurchases at 0% interest. We believe that Easy Pay enhances the appeal of our already popular Credit Cards and for the first time in Qatar, this feature is available through our state-of-the-art Internet Banking platform.”
Commercial Bank Credit Cardholders who have recently made transactions over QAR 1,000 and wish to use the Easy Pay service can log on to their account at Commercial Bank’s Internet Banking platform, or by sending the SMS, “BNPL” to 92614through their registered mobile, and a Bank representative will call back the customer to convert their transactions to Easy Pay. There is no need for any written applications or documentation to be completed. Easy Pay can be requested for any type of retail purchase transactions made by the cardholder such as electronics, appliances, household goods, airline tickets, groceries or even to pay utility bills.
Saturday, July 19- 2014 @ 14:22 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.