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Get a taste of National Bank of Dubai’s new payment scheme for credit card holders

United Arab Emirates: Sunday, October 12 - 2003 @ 09:46

Gold Card credit holders of any bank or financial institution in the UAE, can now transfer their outstanding balance to an NBD installment scheme which offers a wide range of benefits – not the least of which is lower than average interest rates!

“If anyone finds their current credit card is weighing them down, we are offering a ‘low-cost diet’ alternative,” says AbdulFattah Sharaf – Divisional Head, Cards Business – National Bank of Dubai. “All credit card holders have to do is submit their current gold card to us and we will convert the balance to an NBD installment scheme with only 9.95 per cent annual interest rate.”

“And not only will there be benefits from a lower than average interest rate, anyone who decides to opt for NBD’s Balance Take Over Scheme will automatically receive an NBD Gold Credit Card if they qualify in terms of our policy. The free benefits associated with the NBD Gold Card include: two supplementary cards; NBD Savers Card and an RAC (24 hour Road Side Auto Assistance) Gold Membership card.”

According to AbdulFattah Sharaf other privileges include a free Travel Express Service, Internet Banking service, Bill Pay Service, Personal & Comprehensive Travel Inconvenience Insurance and Emergency Legal and Medical Referral Services.

“The Balance Take Over Scheme is another exciting innovation from NBD’s card division, and follows in the footsteps of the Platinum Card launched very recently,” he added. “This new scheme is designed to relieve the burden on users making large, monthly installments and offers them a more convenient method of settling their payments, one that suits their budgets”.

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Sunday, October 12- 2003 @ 9:46 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.

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