| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
Arab Bank - Visa Silver Card
|
Minimum Salary: JOD 0 | Salary Transfer: No | Islamic Finance: No | Cashback: No | Annual Fee: JOD 0 | Rate: 0% |
Coming to you from the largest Arab Banking network, the Arab Bank Visa Silver Credit Card entitles you to a host of benefits designed to offer you the financial flexibility and purchasing power that meet your needs and lifestyle.
The Silver Credit Card is for customers who want maximum value from their credit card as well as complete flexibility in repayment convenience.
Features
- No Annual Fee – The card is “Free for Life”
- Convenient Easy Payment Plans starting from as low as 0% - Choose from a variety of merchants and take advantage of our special repayment terms
- Competitive interest rates
- High cash advance limit
- Settle your credit card payments conveniently through our Direct Banking Services (Internet Banking, Phone Banking and ATMs)
- Flexible repayment instructions including: 5%, 25%, 50%, or 100% of the balance
- Grace period of interest-free credit on retail purchases up to 45 days
- Credit Shield insurance which covers 100% of the outstanding balance, in the event of the death or permanent disability of the primary cardholder
- Free supplementary credit cards – with no annual fee for life
- Manage your credit card account through the Internet and Phone Banking Services for free
- More secure online shopping with “Arab bank Verified by Visa/ MasterCard Secure Code Service”
Representative Example
If you spend AED 1,200 at a purchase interest rate of 18.9% (variable) your representative APR will be 18.9% (variable).
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
