Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced the launch of its Cashback Plus Visa Signature Credit Card which rewards customers with up to 10% cash back on domestic and international household spends such as groceries, dining, education and telecom.
Designed in collaboration with global payments technology company, Visa, it is the only cashback card in the UAE to be equipped with a built-in RTA Nol Chip to enable easy payments on the RTA transport network, including Dubai Metro, RTA Bus, RTA Water Bus, parking meters and Salik, in addition to Gold Class cabin access on Dubai Metro.
“Our Cashback Plus card stands out in a highly competitive market as it is packed with functionality and privileges to cater to customers who seek the best value on their Card spends,” said Faisal Aqil, Deputy CEO – Consumer Wealth Management, Emirates Islamic.
“We are confident of the card’s unmatched value to users in the UAE as it provides them with an incredible 10% cash back on their largest spends, including school fees, dining, groceries and telecom payments. To add to the benefits of cash back, cardholders can enjoy a range of lifestyle privileges including dining, travel and luxury hotel accommodation.”
Aqil added: “At Emirates Islamic we have always innovated to offer genuine value to our customers based on their needs. There are several cards in the market which offer cash back on a particular spend category but we focused on rewarding users on most of their major spends. What’s more, we carefully selected a range of additional benefits which we added on the Card to complement the lifestyles of our customers.”
Ibrahim Selim Ergoz, General Manager, UAE, Qatar and Pakistan, Visa, said: “By enabling users to seamlessly and securely make payments, earn rewards on their everyday spends and access public transport networks, this is a card that meets the needs of people living in a smart city. Its compelling mix of functionality, usability and benefits make the Cashback Plus Visa Signature Credit Card an attractive proposition for Emirates Islamic customers that will also help to bring the UAE’s vision of a cashless society another step closer.”
The launch of the Cashback Plus Visa Signature Credit Card is aligned with the bank’s strategy to expand its retail banking proposition and deliver significant value to its customer base.
The card offers benefits like cash-on-call, cash advance facility and easy payment plans for purchases. It also provides lifestyle privileges such as unlimited access to over 750 airport lounges worldwide, automatic enrolment into Emirates Islamic’s popular ‘Mazaya Offers’ programme with up to 30% discounts and other benefits at restaurants and retailers across the UAE.