Dubai lender offers 10% cash back on school fee

Dubai-based Emirates NBD bank on Monday launched a dual value-added offer for customers making school and university fee payments via credit cards.

The lender said in a media statement that the customers can pay school fees using their credit card and repay in instalments up to 12 months, at zero per cent interest. Alternatively, customers can avail of 10 per cent cash back on school fee spends above Dh2,500. These offers are valid until October 31, 2014.

For parents paying fees for children studying in the UAE or overseas, the offer provides repayment flexibility and savings at the same time.

Suvo Sarkar, General Manager – Retail Banking and Wealth Management, Emirates NBD, said: “As part of our ongoing commitment to provide value-added services, this year we have introduced options of a cash back incentive or an interest free payment plan, which resonates well with parents facing the burden of escalating school fees and summer vacation expenses. Offering exceptional value remains our key priority, and it is one of the reasons we are the preferred payment tool for customers in the UAE.”

For schools or universities that do not accept credit card payments, customers can choose to get a cheque issued in the name of the school/university, which can be repaid in flexible instalment plans at low interest rates.
 

Follow Emirates 24|7 on Google News.