Nov 20 2009 |
more articles from
|
SHB Launches New Credit facility for its Customers
RIYADH: Saudi Hollandi Bank ( SHB ) launched for its customers a new credit facility that enables them to transfer the outstanding balances of all their credit cards issued by other banks to a Saudi Hollandi Bank credit card, provided that the Bank shall pay all the due amounts on the customer's credit cards to other banks.This was announced by. Ehab Al-Dabbagh, SHB 's Individuals Banking General Manager, who said the Bank will also grant the customer a series of privileges for his transferred credit balance, including exemption from the profit margin on the balance of the new credit card for the first three months, as part of the transfer process, in addition to adding 1% of the transferred amount to the credit card's balance without any annual fees.
Al-Dabbagh observed that the new service launched by the Bank falls within the category of exclusive and special facilities offered by the Bank to its credit card customers. The initiative also reflects its drive to upgrade relations between the Bank and its customers; and enable them to benefit from the element of exclusivity enjoyed by SHB 's credit card- holders.
The SHB senior executive added that the new service is considered the first of its kind to be introduced by banks operating in the Saudi market. It opens up a new avenue through which the Bank hopes to provide its credit card customers with extra facilities and value-added services. They will form an integral part of the package of privileges enjoyed by the holders of SHB 's credit cards, including the option to draw up to 50% of the card's credit limit in cash; a 5% minimum limit on repayment; and the possibility of migrating from the customer's credit card account to his current account by phone
Other incentives include the possibility of repayment through "Sadad" channels across other local banks channels; besides the highly popular monthly offers provided by the card to their holders by agreement with some renowned commercial brand names. Several other benefits are on offer, such as the slew of prizes provided by "Tadallal" Rewards Program, under which a customer accumulates points for the use of his credit cards.
- Ends -
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment