Bahrain Islamic Bank B.S.C. Credit Card - Classic Visa in Manama
|Minimum Salary needed||Not mentioned|
|Maximum amount available||BD5,000|
|Length of Loan||Life Time|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||Not mentioned|
|Eligibility||Age of Applicant: 21 years of age at the time of application; Minimum Work Experience: 4 Months; Maximum DSR (Debt Service Ratio): The total debts of the customer including all existing installments, new installment and 5% of the credit card and over draft limits, should not exceed 50% of the monthly income for individuals with salaries of BD3,000 per month or less, exceed 60% of the monthly income for individuals with salaries above BD3,000 per month; •Residence Permit (non Bahraini individuals)|
|Main Features||•25 days grace period; •Free unlimited supplementary cards; •No Annual Subscription Fees on the main and supplementary cards; •Minimum amount to be paid by the customer is 5% of the outstanding balance subject to a minimum of BD10/; •Cash withdrawal transactions up to 50% of the credit limit; •Attractive free Gulf Air Falconflyer Programme (FFP) travel air miles: Classic - 1 mile for every BD3 spent; •Lifetime Aramex Shop and Ship membership for BD5 only (Discounted from BD17; •Attractive discounts and seasonal offers from local and regional merchants.|
Bahrain Islamic Bank B.S.C.
The Bahrain Islamic bank re-launched itself in a new avatar in 2007. The core objective that inspired the bank to undertake this major step was to present its clientele with its revamped mission and vision. The bank undertook an initiative to exceed its client’s expectations as a means to entering the new era of modern banking while continuing to be true to the spirit of Islamic banking. Each innovative step and process that the bank has adopted has been instrumental in ensuring that the Bahrain Islamic bank continues to remain the leader in the Islamic banking sector in the country.
Manama’s growth from a sleepy city to the modern financial hub in the region has not been easy. Its strategic location as the gateway to the island kingdom of Bahrain has been a major influence in its selection as the capital of Bahrain. Many new suburbs as well as older villages are part of the newer city of Manama. Some of the places that deserve a special mention include Manama Souq, Adliya, Awadhiya, Diplomatic Area, Ras Rumman, Sulmaniya, Juffair and Hoora. Manama’s prominence is not restricted to the financial industry in Bahrain but is also a famed tourist getaway in the Persian Gulf.
Credit Card - Classic Visa
The Classic Visa Credit Card has a maximum credit limit of 5,000 BD. Any individual above 21 years of age can apply for this card subject to meeting all other eligibility criteria. Unlimited free add-on cards, zero annual fees on all cards, 25 days grace period (0% interest on outstanding balance) and travel Takaful insurance are part of the package. The cardholder can withdraw up to 50% of available credit limit in case of any emergency. The card holder is also entitled to a lifetime membership at the Aramex Shop and Ship for a nominal 5 BD besides other seasonal offers.