Ahlibank, a Qatari owned financial institution, has rolled out the new MasterCard CashBack credit card.
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The new offering provides up to 2% cash back on all purchases and cash withdrawals made inside and outside Qatar.
Moreover, the earned cash back is credited every month to the customer’s credit card account automatically up to a maximum of QAR500 ($137.3) monthly.
The product is free of annual fee for the first year (normal fee of QAR200 or $54.9 annually) and year two onwards if customers spend over QAR12,000 ($3,297.1) annually on purchases and cash withdrawals.
In addition, the card also offers complementary VIP airport lounge access, as well as 150 exclusive discount offers booklet that allows users access to several 2 for 1 offers at leading restaurants, spas, retail outlets, sports and entertainment facilities.
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By GlobalDataAhlibank deputy CEO – retail banking Andrew McKechnie said: "We are delighted to launch our new Ahlibank MasterCard CashBack credit card in partnership with MasterCard.
"The new credit card is another example of how we consider customer needs when we develop products which are designed to engage customers by providing real tangible benefits.
"Customers can earn up to 2% every month for all their purchases and cash withdrawals inside and outside Qatar. This approach rewards our cardholders every time they use their credit card, not just in certain retailers."
