| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
Jordan Kuwait Bank - Visa Revolving
|
Minimum Salary: JOD 0 | Salary Transfer: No | Islamic Finance: No | Cashback: No | Annual Fee: JOD 50 | Rate: 0% |
Jordan Kuwait Bank offers the internationally accepted Classic and Gold revolving Visa cards, Visa revolving cards allow the card holder to make card payments in monthly installments. with interest paid on unpaid due amounts while taking into account a grace period of up to a maximum of 51 days. The revolving Visa card can be used for purchases and cash withdrawals from ATMs around the world that carry the Visa logo or through Bank branches inside and outside Jordan against a fee for cash withdrawal.
Features
- Fulfill your financial needs with a limit that suits your monthly income
- Interest grace period of up to 51 days from the date of withdrawal
- Competitive interest rates on the revolving balance of the card's limit
- Card is equipped with the Chip and Pin technology for additional security and safety
- Card is issued for first two years against payment of first year’s fee
- Depending on use, client may be exempted of renewal fees
- Rewards through the Bonus Point rewards program
Additional Information
Required Documents:
- Photocopy of valid passport/ civil ID for the applicant
- Photocopy of valid residency permit for foreign residents in addition to the passport
- Proof of income for the client, such as the commercial registration, vocational license and a salary statement.
Representative Example
If you spend JD 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.
