| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
Arab Bank - World Elite Mastercard
|
Minimum Salary: AED 50,000 | Salary Transfer: No | Islamic Finance: No | Cashback: No | Annual Fee: AED 1,900 | Rate: 3.25% |
Features
- Personalized credit limit to meet your evolving financial requirements
- Points granted for credit card usage whether locally or internationally in Arab Bank’s loyalty program "Arabi Points"
- Special card design equipped with Smart Chip technology to provide you with greater security in addition to the “Contactless” payment
- technology that allows you to pay for your everyday purchases quickly and securely with just a tap of your contactless-enabled card
- Ability to issue supplementary cards
- Local and global usage for point-of-sale purchases, online purchases and ATM cash withdrawals
- Credit Shield insurance* with 100% coverage of outstanding balances
- Convenient Easy Payment Plans at competitive interest rates starting from 0%
- Competitive interest rates
- High cash advance limit
- More secure online shopping with "Mastercard SecureCode
- Easy and simple card management through Arab Bank’s alternative channels
- Grace period of interest-free credit on retail purchases up to 45 days when full repayment occurs by payment due date
- Flexible repayment instructions including 5%, 25%, 50% or 100% of the Balance
- Dedicated Sales Team - ready to serve you at your convenience
** 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.
