COMMERCIAL BANK QATAR Credit Card - Classic Package
|Minimum Salary needed||QR 4,000|
|Maximum amount available||Not mentioned|
|Length of Loan||Life Time|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||No|
|Eligibility||Salary transfer to CBQ account; aged 18 to 65 and a resident of Qatar|
|Main Features||Free First Year Fee; Renewal Fee QAR 250; Credit Shield Benefit; Loss of Employment Coverage; Travel Insurance; Exclusive cardholder offers; Buy Now Pay Later at 0% interest; Up to 3 free supplementary credit cards; advantage of up to 45-days interest-free, or choose to repay in installments from as low as 4% of the balance|
COMMERCIAL BANK QATAR
Qatar had minimal financial and banking services in 1971 at its independence. Understanding the need for a strong banking system and a robust financial system, members from 8 prominent families headed by Hussain Alfardan decided to form a private commercial financial institution that would partner the country in attain growth in all aspects like economic, commercial, education, arts, culture and sports. the bank’s growth has been spectacular. A seed capital of approx. USD 3 million (10 million Qatari riyals) in 1971 has grown to more than 80 billion riyal today. The bank a pioneer in its field continues to grow by leaps and bounds even today.
Through its various activities in the fields of education, sports and culture, the city of Doha has gained prominence in the Middle East. The growing expat population, changing laws and increasing need for infrastructure have all played a significant part in the booming construction industry in the country so much so that today Doha figures prominently in the list of most expensive places to live in and also the 15 best new cities to do business in. Doha has made huge contribution to sports in the region. The city has also been hosting the Qatar Open for women since 2001 and the ladies ITF tournament since 2008.
Credit Card - Classic Package
The Classic Package contains a MasterCard or a Visa Credit Card. It is the perfect companion at both work and play. The card holder enjoys the spending power, flexibility and convenience associated with all products from the Commercial Bank. The Cardholder enjoys exclusive offers in lifestyle, travel, dining and shopping. The cardholder can avail free supplementary cards for up to 3 family members and world class security to ensure a stress free usage. A credit limit of twice the cardholder’s salary with increases according to card usage, interest free purchases for up to 45 days, flexible statement and payment dates are all part of the deal.