Commercial Bank has announced the renewal of its exclusive strategic financial services partnership with Ikea in Qatar.
With this, customers can enjoy the Ikea experience through Commercial Bank’s “Shop Now Pay Later” interest-free payment service.
“Following the success of the past two years, Commercial Bank has been confirmed to act as the exclusive financial services partner to Ikea in Qatar for a further two years and the bank will continue to offer a range of services within the store,” the bank said in a statement.
The services include Commercial Bank’s exclusive “Shop Now Pay Later” programme, which allows the bank’s credit cardholders the money-saving convenience of paying for their Ikea furniture in up to 24 interest-free instalments instead of paying the entire amount upfront.
The offer is available at 0% interest for up to 24 months on all purchases of QR400 or more at Ikea with no additional documents required.
“In addition, Commercial Bank offers a market-leading reward points programme, allowing reward points to be earned when using the credit card for retail purchases. Commercial Bank credit cardholders can then redeem these reward points at Ikea, which provides immediate discounts in-store,” the statement explained.
Any new customer who applies for a Commercial Bank credit card at Ikea will receive a welcome bonus of 5,000 Commercial Bank reward points worth QR500, which can also be redeemed at the store.
Dean Proctor, Commercial Bank EGM, retail and consumer banking, said: “We are delighted to extend our exclusive financial services partnership with Ikea for another two years and have the opportunity to continue offering our ‘Shop Now Pay Later’ scheme through the world’s best-known furniture store.
“We will also continue to have a dedicated kiosk in the Ikea store where customers can apply for a Commercial Bank credit card on the spot.”
James McGowan, regional brand communication manager, Ikea, said: “Ikea’s exclusive partnership with Commercial Bank delivers an added benefit to our customers who can furnish their homes with Ikea’s wide range of innovative and affordable products while enjoying the peace of mind of Commercial Bank’s ‘Shop Now Pay Later’ interest-free payment service.”