IIthmaar Bank B.S.C. Credit Card - Gold in Manama
|Minimum Salary needed||Not mentioned|
|Maximum amount available||BD 3,000|
|Length of Loan||Life Time|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||No|
|Eligibility||Age 21 and above; Valid ID / passport|
|Main Features||Free worldwide travel insurance; Salary transfer is not mandatory; Minimum repayment of 5% of closing balance per month; 25 days grace period from the statement date to pay that could go up to 55 days; Cash withdrawal transactions up to 20% of Gold Card limit; Attractive fees & services; Free supplementary Cards for family members; Immediate access to more than 2.5 million ATMsworldwide; Travel Insurance Benefits|
Ithmaar Bank B.S.C.
The Ithmaar bank along with its subsidiaries offer an interesting mix of financial services in investment, retail commercial and private banking. The bank has 17 branches in Bahrain as well as a list of subsidiaries overseas. In 2013, the Ithmaar bank BSC increased its asset base and clientele through its merger with the First Leasing Bank. The bank offers its high net worth clients (both institutions and individuals), a host of personalised and private services including investment services, financial advice and banking services. The bank also offers a diverse variety of commercial and retail services to its clients through its many branches and subsidiaries.
The kingdom of Bahrain consists of 4 main islands. The capital city, Manama is located on the north eastern corner of the country. Although all the villages and towns in Bahrain are connected by well-built roads, the same does not hold true for its capital. A main hub in the country’s network of roads, the roads of the city is being revamped to meet the huge volume of traffic that uses it. The sudden spurt in in the capital’s population including the huge volume of tourists has a tendency to hold up traffic on the roads within the city. The newly constructed roads are aimed at easing this situation in Manama.
Credit Card - Gold
The Gold credit card from the Ithmaar bank offers Sharia’a compliant credit cards to the applicants. Some of the features of the card are free travel insurance worldwide, 25-50 days at 0% interest for outstanding balance. Cash withdrawal not exceeding 20 percent of the available credit limit, free add-on cards for family members and minimum repayment of 5% of closing balance per month are some of the benefits of using this card. Hotel discounts and access to 2.4 million ATMs all over the world are also part of the package. The card can be used in close to 36 million member establishments. The card holder need not have a salary account with the bank.