Bank Nizwa launches 1% Cash Back offer on debit cards

May 3, 2014 11:48 am

Bank Nizwa, Oman’s leading Islamic bank is giving customers an attractive 1% cash back on their debit card purchases as a reward. The offer, which is running from April 20th to May 29th 2014, enables Bank Nizwa MasterCard debit card users to turn part of their everyday purchases into cash which is deposited back to their accounts. It is the banks way of saying thank you to its customers for their loyalty.

Traditionally, such offers are available for users of credit cards, Bank Nizwa is the first bank to ever adapt such a bonus for the debit card market. The offer is available to all new and existing MasterCard debit card holders and ensures that customers save every time they spend. Whenever they conduct a transaction at a Point of Sale (POS) terminal locally or internationally an amount equivalent to the cash back earned will be automatically credited to their Bank Nizwa account.

Speaking about the offer Bank Nizwa CEO, Dr. Jamil El Jaroudi said, ‘Our goal is always to provide our customers with the best benefits in the market. Our cashback offer is true to this promise as it allows our customers to enjoy a bonus when they use their Debit Cards. It is an easy and convenient way to save money. We are proud to be the bank that is constantly adding services and products that have value to our customers in a truly Shari’a complaint way.’

Any customer wishing to open a Bank Nizwa account will be offered a Bank Nizwa MasterCard debit card without any need for credit approval. Customers can then start enjoying the cash back bonus immediately on their transactions.

The suite of MasterCard debit cards offered by Bank Nizwa is exceptionally user friendly and provides customers with a wide range of lifestyle benefits ranging from worldwide acceptance and competitive rates to special discounts and extra security. Customers can call for more details or simply visit their local Bank Nizwa branch to sign up for debit cards which have been developed in strict accordance with the principles of Shari’a.