International Bank of Qatar (ibq) is set to introduce a new Visa Signature Card for its customers, with monthly earnings of QAR 50,000 or more.

With this development, ibq will be the first bank to issue such credit card in Qatar.

Providing access to more than 35 airport lounges in the Middle East, North Africa, Europe and North America, the ibq Visa Signature Card will also offer Concierge service that will cater to customer needs including restaurant recommendations, reservations, or even vacation-planning assistance.

In addition, it offers premium Insurance cover including full travel insurance, extended warranty and purchase protection.

ibq Retail Banking head Andrew Ball said, "The Visa signature Card is in line with the Bank’s strategy to cater to the affluent segment of the retail banking market, bringing together a suite of financial, shopping, travel and lifestyle related privileges.

"The card is not a standalone offer, rather part of a complete banking package offering personalised banking services, innovative products and exclusive offers and privileges to our Elite Banking customers."

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The ibq Visa Signature cardholders will also be offered on reward points by the Bank’s world class rewards program, thanq. The points earned across various product and services can be redeemed at over 800 airlines and 160, 000 hotels worldwide.