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The new NBAD Aldar Academies Visa Platinum Credit Card offers parents the opportunity to pay tuition fees in 18 easy installments at 0% interest, at no extra cost.
Abu Dhabi - Aldar Academies, one of the largest providers of private, world-class education in Abu Dhabi, in partnership with the National Bank of Abu Dhabi (NBAD), has launched the new NBAD Aldar Academies Visa Platinum Credit Card, enhancing the ease of tuition payment for parents. The card allows parents to pay yearly fees and other school related payments in 18 easy installments at 0% interest with no extra cost throughout the year.
The card also aims to encourage financial responsibility among children with a feature that links a pre-paid card to a credit card in a child's name. For children to learn about saving and spending money wisely, parents can apply a daily spend limit and monitor their child's transactions via SMS message alerts.
Commenting on the launch, Nilay Ozral, Chief Executive Officer, Aldar Academies, 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. At Aldar Academies, we are committed to providing the highest quality education and as part of this we also strive to teach children about real-world responsibilities such as money and finance. We believe that the cards are an excellent way to offer a controlled and manageable experience to both parents and students."
Navneet Dave, Executive Director of Cards Business at NBAD said: "We are delighted to partner with Aldar Academies for the NBAD Aldar Academies Visa Platinum Credit Card that provides parents an easier payment method, making tuition fee payments more manageable over the course of the year. 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 AED 1 purchase, among others."
Marcello Baricordi, General Manager UAE and Global Accounts Lead at Visa Inc. MENA., said: "At Visa, we strive to enable consumers to use digital currency in a safe, secure, and responsible way. The new NBAD Aldar Academies Visa Platinum Credit Card is an excellent example of our culture of innovation, allowing Aldar Academies to offer the very best in ease of payment for tuition fees, while simultaneously providing students an opportunity to learn through first-hand experience how to make sound financial decisions."
NBAD stands will be located in every school until May 12th, allowing parents to interact with an NBAD representative. Parents can also enter a draw where 12 lucky cardholders can win back up to 50% of their tuition fees.
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About Aldar Academies
Aldar Academies, a division of Aldar Properties PJSC, is a leading provider of private education in the Emirate of Abu Dhabi. We provide inspiring learning environments, combining the very best academic, arts and sporting facilities with the highest standards of teaching. From a single school with 250 students in 2007, Aldar Academies now operates six schools in Abu Dhabi and Al Ain with 4700 students. All our schools were rated 'Band A' by the Abu Dhabi Education Council in its most recent assessments.
All Aldar Academies schools offer a British curriculum, which has been adapted to the needs of students in the UAE, ensuring that all our students have access to an international education in a stimulating, multi-cultural setting where academic achievement is nurtured alongside personal development. Operating as integral parts of the communities to which they belong, each of our six primary and secondary schools allows students to find and pursue their passions and prepare them for a future of success.
Aldar Academies schools are, at pre-school and primary level, The Pearl, Al Mushrif and Al Muna; serving both pre-school, primary and secondary age students are Al Ain International School and Al Yasmina, which operates from FS1 to Year 13. Al Bateen Secondary School serves the needs of secondary school students in the heart of Abu Dhabi and offers the IB Diploma Programme in Years 12 and 13.
From its well-established base and in response to market demand, Aldar Academies has a planned programme of school openings in Abu Dhabi, with a new primary and girls secondary school scheduled to open in 2016.
About National Bank of Abu Dhabi (NBAD)
The National Bank of Abu Dhabi (NBAD) has one of the largest networks in the UAE, with an
expanding network of 125 branches and cash offices and more than 585 ATMs across the country. NBAD's growing international network consists of about 60 branches and offices in 18 countries stretching across five continents from the Far East to the Americas, giving it the largest global network among all UAE banks.
Since 2009, NBAD has been ranked consecutively as one of the World's 50 Safest Banks by the prestigious Global Finance magazine, which also named NBAD the Safest Bank in the Emerging Markets and the Middle East.
NBAD is rated senior long term/short term AA-/A-1+ by Standard & Poor's (S&P), Aa3/P1 by Moody's, AA-/F1+ by Fitch, A+ by Rating and Investment Information Inc (R&I) Japan, and AAA by RAM (Malaysia), giving it one of the strongest combined rating of any Global financial institution.
A comprehensive financial institution, NBAD offers a range of banking services including retail, investment and Islamic banking. NBAD grows strategically toward its vision to be recognised as the World's Best Arab Bank.
For more information please visit our corporate webpage at: www.nbad.com
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Rohan Cornelio
Edelman PR
M: +971 50 6685735
E:Rohan.Cornelio@edelman.com
© Press Release 2015
