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RAKBANK today announced that it has partnered with Air Arabia and Mastercard®, a leading technology company in the global payments industry, to launch a co-branded Mastercard Platinum Credit Card, which cardholders can use globally for purchases and cash withdrawals. Air Arabia has an innovative loyalty program called Air Rewards that is based on spend rather than miles. Customers subscribing to the new co-branded credit card will immediately earn a joining bonus of 15,000* Air Rewards that will, in time, get them access to free flights and more rewards from Air Arabia.
Additionally, ‘Air Rewards’ can be accumulated whenever cardholders make a purchase in the UAE or internationally on their co-branded Card, which can be redeemed conveniently all year round in the form of flights, meals and baggage vouchers with Air Arabia. To ensure customer convenience, the Air Arabia co-branded Mastercard Platinum Credit Card also offers a 0% easy payment plan of up to 12 months without a processing fee. Likewise, cardholders will benefit from the complimentary Sharjah Airport drop off and pickup services to and from anywhere in Dubai or Sharjah.
“Over the years, the Bank managed to transform the concept of card reward programs in the UAE through a host of unique features and now we are extending Air Arabia’s Air Rewards loyalty programme to our cardholders,” said Peter England, RAKBANK CEO. “Staying true to the Bank’s prominent position as an innovative and dynamic player, our partnership with Air Arabia will help us offer Air Rewards to customers with every purchase they make using the Mastercard Platinum co-branded Credit Card.”
Commenting on the co-branded credit card launch, Adel Al Ali, Group Chief Executive Officer of Air Arabia, said: “This new co-branded credit card is a new value added product that we offer to our customers to enjoy superior services and unique benefits across our network. This new card will add tangible value to our frequent travelers’ and offer them attractive opportunities to earn Air Rewards points and redeem it for complimentary flights and other services. At Air Arabia we remain committed to constantly innovate to deliver great value to our customers.”
“In addition to offering the simplicity and convenience of Mastercard’s innovative payment technologies, our co-branded cards provide the consumers with a host of exciting benefits from their favorite lifestyle brands. With every purchase they make with this RAKBANK and Air Arabia Mastercard Platinum card, consumers can look forward to enjoying an array of travel rewards, coupled with a deep sense of trust they have come to associate with Mastercard, thanks to our multi-tiered safety and security features,” said Girish Nanda, General Manager, UAE and Oman, Mastercard.
Air Arabia is the Middle East and North Africa's first and largest Low Cost Carrier (LCC). The carrier fly passengers to over 140 destinations spread across the Middle East, Africa, Asia and Europe. Offering comfort, reliable and value for money air travel across its network; Air Arabia aim is to help passengers fly more often to more places at their own convenience. Moreover, Air Arabia operates from four main hubs - Sharjah International Airport and Ras Al Khaimah International Airport in the UAE, Mohamed V International Airport in Casablanca, Morocco and Borg Al Arab International Airport in Alexandria, Egypt.
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About RAKBANK
RAKBANK, also known as The National Bank of Ras Al Khaimah (P.S.C), is one of the UAE’s most dynamic financial institutions. Founded in 1976, it underwent a major transformation in 2001 as it rebranded into RAKBANK and shifted its focus from purely corporate to retail and small business banking. In addition to offering a wide range of Personal Banking services, the Bank increased its lending in the traditional SME, Commercial, and Corporate segment in recent years. The Bank also offers Islamic Banking solutions, via RAKislamic, throughout its 38 branches and its Telephone and Digital Banking channels. RAKBANK is a public joint stock company headquartered in the emirate of Ras Al Khaimah and listed on the Abu Dhabi Securities Exchange (ADX). For more information, please visit www.rakbank.ae or contact the Call Centre on +9714 213 0000. Alternatively, you can connect with RAKBANK via www.twitter.com/rakbanklive and www.facebook.com/rakbank .
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Fatima Kloub
About Air Arabia:
Air Arabia (PJSC), listed on the Dubai Financial Market, is the Middle East and North Africa’s leading low-cost carrier (LCC). Air Arabia commenced operations in October 2003 and currently operates a fleet of 50 new Airbus A320 aircraft, serving over 140 routes from four hubs in the UAE (SHJ & RKT), Morocco and Egypt. Air Arabia is an award-winning airline that focuses on offering comfort, reliability and value-for-money air travel. For further information, please visit: www.airarabia.com.
For more information please contact:
Email: pressoffice@airarabia.com
About Mastercard:
Mastercard (NYSE: MA), www.Mastercard.com , is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
Mastercard Communications Contact
Omar Abuhanoud, +971 4 563 8603
© Press Release 2018
