Aldar Academies, a provider of private education in Abu Dhabi, has teamed up with the National Bank of Abu Dhabi, NBAD, to roll out a new NBAD Aldar Academies Visa Platinum Credit Card.

The new card has been designed to enhance the ease of tuition payment for parents and also facilitate the education of students, and to ensure convenience, security and peace of mind for the parents.

The card will allow parents to pay yearly fees and other school related payments in 18 instalments at 0% interest with no extra cost throughout the year.

In addition, the credit card will also encourage financial responsibility among children with a feature that links a pre-paid card to a credit card in a child’s name.

With this card, parents will be able to apply a daily spend limit and monitor their child’s transactions via SMS message alerts.

As an introductory offer, parent can win back 50% of the tuition fees paid using the new card by entering a draw.

Aldar Academies CEO Nilay Ozral said: "With the launch of the NBAD Aldar Academies Visa Platinum Credit Card, we aim to not only give parents the convenience of paying tuition and education related fees in installments, but also an opportunity to educate children about financial responsibility from an early age."

NBAD executive director of cards business Navneet Dave said: "In addition to this, the new card has some great benefits such as the Child Education Protection Plan, complimentary airport transfer services, and redeemable Etihad Guest Miles, Skywards Miles from Emirates, flydubai e-vouchers for every AED1 purchase, among others."