Dubai Bank, the Sharia-compliant lender, has launched a new balance transfer facility that allows customers to shift their credit-card balance from another bank to its Covered Card facility.
The Dubai Government-owned bank says customers can set up an easy payment plan with a choice of tenures that range from six to 12, 18 or 24 months when they transfer the balance.
"With low profit rates, our new balance transfer facility will appeal equally to both new and existing customers," says Hisham Hammoud, the head of retail banking at Dubai Bank.
The profit rate was not available.
The bank has also introduced a new Cheque on Phone service for holders of its Covered Card, which enables customers to order a cheque made out to up to 100 per cent of the cash limit on their card. Again, the transaction can be paid off over six, 12, 18 or 24 months.
Other Covered Card benefits include discounts of up to 50 per cent for shopping, dining and entertainment, purchase protection, complimentary life Takaful insurance and travel assistance. New cardholders also receive 0 per cent profit for first three months.
For more information about the bank's latest offer, go to www.dubaibank.ae, or call 800 5555.
The Abu Dhabi-listed Methaq Takaful Insurance Company has extended its car insurance discount offer, launched during Ramadan, to Eid Al Adha, which begins on November 6.
With car insurance discounts starting from 1.85 per cent of a vehicle's value, Methaq, which means agreement, says it extended the offer because of high demand.
"All customers demanded unanimously to extend the offer so as to benefit from them in insuring their vehicles," says Khalil Saeed, the executive director of support operations at Methaq.
The Islamic insurer has also launched a BlackBerry service (PIN:268ae878) to keep customers up to date with its products, insurance values and other rewards.
For more information, go to www.methaq.ae.
Dunia Finance, the Abu Dhabi-based financial services company, has tied up with the retailer Club Apparel to launch a co-branded credit card that will see Dunia Platinum and Titanium cardholders earn 12 per cent back on all purchases at Apparel stores.
Cardholders will also earn 2 per cent back as Club Apparel Loyalty Points for other spends, with each loyalty point equal to Dh1.
The new cards feature m-commerce technology, which means that cashless transactions can be conducted at all Apparel stores via a customer's mobile phone.
"Today's world is about leveraging each other's strengths to provide greater value to customers and that is exactly what we aim to do through this partnership," says Rajeev Kakar, the executive director and chief executive of Dunia Finance.
Apparel's franchises include international high-street labels such as Aldo, Nine West, Tommy Hilfiger and Kenneth Cole.
For more information about the card, visit www.dunia.ae/clubapparel or call 04 42 38642.