Barclays, the London-listed lender, has expanded the benefits on its Free for Life Platinum Barclaycard to include zero per cent interest on balance transfers for 12 months.
The offer, announced this week, is designed to help customers save on interest charges and consolidate debt.
The bank says its Platinum card also offers customers a range of other benefits, such as a six-month zero per cent instalment plan at selected electronics stores, jewellery and furniture outlets, including Sharaf DG, Jacky's Electronics, Damas and Homes R Us.
New customers will also be given a 50,000 reward points bonus if they spend Dh5,000 or more within the first two months of receiving the card. Reward points can be redeemed for air tickets or shopping vouchers at participating malls.
"Barclaycard Rewards programme differentiates itself by allowing customers to choose the way they redeem points, making the process effortless and the reward fulfilling," the bank says.
The card carries an annual interest rate of 35.88 per cent - one of the highest on the market - and a minimum salary of Dh8,000 is required.
"Through this campaign, we aim to increase acquisition volumes and service new customers," says Venkatesh Srikantan, the head of retail and business banking for Barclays in the UAE.
"In the current unprecedented economic environment, clients are looking for financial efficiency and we take pride in knowing that through this initiative our customers will get the best value from the Barclaycard."
Go to www.barclays.ae for details.
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Mashreq credit and debit cardholders are being offered a minimum of double Salaam reward points for every transaction during the Dubai Shopping Festival (DSF).
Customers also have the chance to win back their daily shopping spend with a daily draw conducted by Mashreq throughout the festival.
"Besides these innovative rewards, we also offer customers who do not have a Mashreq card the first UAE benefit of getting a fully personalised credit card in just 30 minutes to start shopping right away," says Nimish Dwivedi, the bank's head of payments.
The Dubai-based bank's Platinum Elite cardholders will receive eight points for every dirham spent during DSF, which ends on February 3.
Visit www.mashreqbank.com for more information.
