UAE-based RAKBANK, the trading name of the public joint stock company National Bank of Ras Al-Khaimah, has partnered with India-based Kalyan Jewellers to launch a co-branded credit card.
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The RAKBANK Kalyan Jewellers MasterCard Credit Card will offer customers gold-back loyalty points on all their purchased done both locally and internationally.
Customers using the card at Kalyan Jewellers outlets in India will earn loyalty points at a rate of 7% while purchases made at Kalyan stores in the UAE will yield 4.5% with other international and local purchases in UAE rewarding 5% and 3% gold-back respectively.
The card will allow users to redeem gold-back loyalty points at any Kalyan Jewellers outlet in the UAE in the form of jewellery besides presenting a 0% easy payment plan on diamond and gold jewellery purchases.
Kalyan Jewellers chairman and managing director TS Kalyanaraman said: "The RAKBANK Kalyan Jewellers Credit Card is another example of customer-centric innovation wherein customers can harness their retail spends to acquire jewellery with gold-back points."
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By GlobalData
