Ahlibank has announced the launch of the MasterCard CashBack credit card, a market leading credit card offering up to 2% cash back on all purchases and cash withdrawals made inside and outside Qatar.
The new MasterCard CashBack credit card guarantees customers cash back up to 2% on all purchases and cash withdrawals inside and outside Qatar to ensure they benefit every time they use the card. In addition, the cash back earned is automatically credited every month to the customer’s credit card account up to a maximum of QR500 per month.
The new CashBack credit card provides the following range of features and benefits: free annual fee for the first year (normal fee QR200 per annum) and second year onwards if customers spend more than QR12,000 per annum on purchases and cash withdrawals, complementary VIP airport lounge access (Cairo, Dubai, Kuwait, Amman, Jeddah, Dammam, and Riyadh) – giving card holders that extra degree of comfort and sense of prestige, 150 exclusive discount offers booklet  – allowing card holders access to a range of “2 for 1” offers at leading restaurants, spas, retail outlets, sports, and entertainment facilities.
Ahlibank deputy CEO for retail banking Andrew McKechnie said: “We are delighted to launch our new Ahlibank MasterCard CashBack credit card in partnership with MasterCard.
“The new credit card is another example of how we consider customer needs when we develop products, which are designed to engage customers by providing real tangible benefits. Customers can earn up to 2% every month for all their purchases and cash withdrawals inside and outside Qatar. This approach rewards our cardholders every time they use their credit card, not just in certain retailers.”  
McKechnie added: “In addition, as part of our focus on transparency to our customers, we have deliberately designed this product to ensure that customer’s credit card accounts are automatically credited every month with the cash back they have earned, which is shown in the monthly credit card e-Statement.”
Hassan al-Frangi, head of Retail Banking Services, added: “We are very pleased to launch our second new credit card product this year. The new MasterCard CashBack credit card is a welcome addition to the range of credit cards we offer our customers.
“We can now give our customers the choice of being rewarded for their loyalty by earning Pearl Reward Points or cash back when using their Ahlibank credit cards. Customers can visit any Ahlibank branch and our teams will help them select the right credit card to meet their needs, whether they are a frequent traveller or use their card for major or everyday purchases.”   
MasterCard’s Raghav Prasad, general manager – Gulf Countries, said: “MasterCard continues to develop partnerships with leading institutions as part of our commitment to provide safe, simple and secure payment solutions for cardholders. Through our latest partnership with Al Ahli Bank, we look forward to rewarding MasterCard cardholders for using their cards to make secure purchases anywhere and anytime.”
To learn more about the Ahlibank MasterCard CashBack credit card, visit any of the 16 Ahlibank branches located across the country, call the 24/7 contact centre on 4420 5222, or visit www.ahlibank.com.qa.