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Doha, Qatar: Commercial Bank, one of the leading full service banks in Qatar, has announced the launch of a new online rewards portal, powered by Infinia Services & Solutions, now making it easier for its credit card loyalty programme customers to redeem their Commercial Bank Rewards points online, for flights, home furnishings, fashion, spas, electronics and much more.
www.cbqrewards.com is a fully automated loyalty rewards portal, where customers can instantly view and redeem their current Commercial Bank rewards points balance online, anytime, anywhere, with no paper forms to be filled and no waiting times at branches or retail outlets to receive or redeem vouchers.
All Commercial Bank Credit Cardholders are automatically enrolled into one of three types of generous rewards programmes when taking a Commercial Bank credit-card, and earn Reward Points each time they spend using their credit cards. To register on the portal to view the points they have accumulated, and to redeem these points, all that customers need to do, is to register and activate their online Rewards account by visiting www.cbqrewards.com; click "redeem your points"; and then choose what to redeem their points for.
Customers can opt to redeem their Rewards points for either FlyMiles, Accolades vouchers or simply transfer their points to other preferred airlines or hotel loyalty schemes.
FlyMiles allows customers to redeem reward points to fly to any destination, on any date, with any airline, and was the first loyalty program to offer this to customers in Qatar when launched in 2013. Commercial Bank customers opting to redeem their reward points for Accolades vouchers are able to choose from the widest variety of redemption partners in Qatar, and now, with the launch of this new platform, customers receive their vouchers via their mobile or email for immediate use. Customers then simply visit any one of Commercial Bank's partners and enter their voucher number at the point of sale to enjoy great discounts off jewellery, fashion, electronics, home furnishings and much more. This now eliminates customers having to complete forms and collect paper vouchers from Commercial Bank's branches.
Mr. Dean Proctor, Commercial Bank EGM, Retail and Consumer Banking said: "Commercial Bank's new online redemption portal makes it even easier for customers to enjoy our market leading loyalty programme and to redeem their rewards points, all from the comfort of their home or office. This is another step forward in the Bank's goal to making life simpler and more convenient for our customers. By receiving e - vouchers on a customer's phone or smart device, customers can now instantly enjoy the benefits of our enhanced online rewards programme and benefit from their use on our range of credit-cards. The real- time, personalized and state- of- the- art platform takes customer loyalty to the next level. Instant online redemption is already enabled through a partner network of over 900 airlines and 450,000 hotels worldwide, through FlyMiles and now through e- vouchers, which are easily redeemable at hundreds of Commercial Bank partner outlets across Qatar".
Prashant Khattar, Founder and Managing Director of Infinia Services & Solutions, said. "We are delighted to extend our partnership with Commercial Bank of Qatar, one of the leading banks in the country. Commercial Bank's aim is to make life simpler for their customers and to reward them for their loyalty. Our platform enables them to do this easily and simply. We are confident that Commercial Bank customers will be delighted with this newly enhanced rewards programme."
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For more information, please contact:
Qatari media
Ibrahim Al-Emadi
Head of Corporate Communications
Commercial Bank
Tel: +974 4475 4748
Email: ibrahim.alemadi@cbq.qa
About Commercial Bank
Commercial Bank has total assets of QAR 115.7 billion as at 31 December 2014. As a full service commercial bank, the Bank offers a full range of corporate, retail and investment banking services as well as owning and operating exclusive Diners Club franchises in Qatar and Oman. The Bank's countrywide network includes 29 full service branches and 152 ATMs.
Profitable every year since incorporation in 1974, continual investment in technology and human capital, together with a strong capital base, provides a solid foundation for continued growth. A successful diversification strategy has expanded Commercial Bank's GCC footprint through strategic partnerships with associated banks, the National Bank of Oman (NBO) in Oman and United Arab Bank (UAB) in the UAE. NBO, the second largest bank in Oman with total assets of OMR 3 billion as at 31 December 2014, has 61 conventional branches and 4 Islamic branches in Oman and 1 branch each in Egypt, Abu Dhabi and Dubai. UAB is headquartered in Sharjah, with total assets of AED 25.7billion as at 31 December 2014, and operates 31 branches across the emirates in the UAE. Building on the successful execution of the Bank's expansion strategy to date, Commercial Bank completed the acquisition of a majority stake in Alternatifbank in Turkey in July 2013.
Commercial Bank enjoys strong credit ratings of (A) from Fitch, (A1) from Moody's and (A-) from Standard & Poor's. The Bank is listed on the Qatar Exchange and was the first Qatari bank to list its Global Depository Receipts (GDRs) as well as bonds on the London Stock Exchange. Commercial Bank's Swiss Franc bond issuance in December 2010, listed on the SIX Swiss Exchange, was the first public bond issuance by a Qatari bank in Switzerland. Commercial Bank's latest bond issuance in June 2014 is listed on the Irish stock exchange.
The Bank is dedicated to supporting Qatar's community and social infrastructure through Corporate Social Responsibility programmes and sponsorship of various events. Title sponsorship of the Commercial Bank Qatar Masters and the Grand Prix of Qatar Moto GP reflects the Bank's promotion of excellence in sports and its keen interest in enhancing Qatar's international sporting reputation. To reinforce Qatar's flourishing cultural environment, Commercial Bank is the strategic partner of the Katara Cultural Village. This collaboration symbolises the Bank's commitment to supporting cultural activities in Qatar and making the country a regional arts and cultural hub.
About Alternatifbank (ABank)
ABank was established in 1991 and has been listed on the Istanbul Stock Exchange since 1995. Commercial Bank became the majority shareholder in ABank in 2013 holding a 74.24% stake, following the acquisition of ABank shares of 70.84% from the Anadolu Group and 3.40% through a public tender offer. Anadolu Group remains a significant shareholder retaining 25% of shares in ABank.
ABank is a mid-size Turkish bank that predominately serves medium-sized companies through a country-wide network of 73 branches in 27 cities. ABank provides commercial/corporate banking services and products, with a special focus on the growing segment of Small and Medium-Sized Enterprises. The Bank's main product ranges cover trade finance instruments, working capital finance, cash management, and portfolio management. The Bank has also recently made a strategic decision to re-enter Retail Banking, targeting the "mass affluent segment" in terms of customer profile with tailor made products.
At 31 December 2014, ABank had total assets of TL 11.2 billion, total loans stood at TL 8.3 billion, customer deposits of TL 5.4 billion and shareholders' equity of TL 967 million.
wwweng.abank.com.tr
© Press Release 2015
