98 November 2016 www.bahrainthismonth.com financing&insurance With this new Balance Transfer Service, customers in Bahrain can enjoy a very convenient repayment period at zero-per-cent interest rate. New Promotional Campaign ARAB BANK Arab Bank’s new feature enables customers to transfer the outstanding balances of their other banks’ credit cards to their Arab Bank card at a zero-per-cent interest rate for the first three months, whereby the minimum due payment option is five per cent of the transferred balance during that period. Applying for the service can be carried out at any of Arab Bank’s branches, for any individual account, by simply filling out and signing a form and submitting it along with your latest three months non-Arab Bank credit card statements. Once approved, customers can transfer a minimum balance of BD200, and a maximum of 90 per cent of their Arab Bank credit card available balance. After the maturity of three months at a zero-per-cent interest rate, the regular interest rate will be applied on a customer’s outstanding balance of the transferred balance, which will thereafter be merged with the due monthly balance. Arab Bank offers a wide range of credit cards that include Visa Signature, Platinum, Gold, Classic, Royal Jordanian co-branded card, and the Titanium MasterCard. Tailored to customers’ needs, each card is designed with a host of benefits. With Arabi Travel Rewards Programme, everyday purchases made by customers are turned into Travel Reward Points that can be redeemed to acquire airline tickets, hotel bookings or travel packages. Other loyalty programmes include the Easy Payment Plan, which allows Arab Bank credit card holders to repay the amount of their purchases in easy instalments at a 0.75 per cent interest rate for up to 24 months. In addition to these programmes, Arab Bank’s Visa and MasterCard offers entail a variety of discounts and privileges on a variety of dining, shopping and relaxing experiences. Established in 1930, Arab Bank, headquartered in Amman, Jordan, has one of the largest global Arab banking networks with over 600 branches spanning five continents. Arab Bank’s extensive network covers key financial markets and centres such as London, Dubai, Singapore, Geneva, Paris, Frankfurt, Sydney and Bahrain. Across its global network, the bank provides a wide range of financial solutions through its main business lines, which entail consumer banking, corporate and institutional banking and treasury, serving individuals, corporations and other financial institutions. As one of the leading MENA banks, the company plays an integral role in financing vital infrastructure projects and strategic industries throughout the region. True to its founding vision of enabling the Arab world to reach pre-eminence, the bank continues to be an engine of economic growth and an enabler of social and community development. Arab Bank has been present in Bahrain since 1960 and currently has five branches, located in Manama, Qudaibiya, Seef, Hamad Town and Riffa. To apply or inquire further, call 17 541-000.
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