QNB 'cuts credit card rates'

05/08/2009 - Dubai Investment News
QNB 'cuts credit card rates'

In financial news that may affect those with property in UAE, Qatar National Bank (QNB) has cut its credit card fees.

Customers with a platinum, gold or silver card can now benefit from up to 50 per cent of annual charges, explained the organisation.

The modified rates will refer to replacement cards, as well as extra ones for family members.

Cash withdrawal charges have also been reduced – falling from 4.5 per cent of the total amount withdrawn per transaction to four per cent.

Furthermore, foreign money transfer fees carried out online have been reduced by 60 per cent.

Commenting on the changes, the group stated: "[It] is part of the bank's continuing efforts to offer enhanced banking services to its customers and provide them with the best possible solutions."

Established in 1964, QNB is the country's first Qatari-owned commercial bank. Its ownership is split 50:50 between the Qatar Investment Authority and the private sector.ADNFCR-2019-ID-19298772-ADNFCR