ABN AMRO and Jumbo Electronics launch innovative co-branded credit card

Backed by MasterCard, the ABN AMRO Jumbo card is the first of its type in the UAE and is launched as consumer spending on high end electronics in the region continues to accelerate.

Aimed at technology savvy consumers, the card offers free and exclusive entry into an exciting loyalty rewards programme which offers 5 Jumbo points for every Dirham spent on the card. In addition, total purchases amounting to more than AED 1500 over a 3-month period entitles customers to collect Jumbo reward points equivalent to the value of their annual fee. Customers will also have the option of buying high-value products in fixed instalments at preferential interest rates.

Commenting on the product, Burhan Khan, Head of Consumer Banking ABN AMRO said:

"The introduction of the ABN AMRO Jumbo credit card reflects our commitment to develop innovative and customised credit card benefits that match the lifestyle and flexible financing needs of our customers. In this consumer electronics boom, we have chosen to partner with Jumbo, one of the biggest electronics retail brands in the region, enabling us to be at the forefront of this trend".

Commenting on Jumbo's support for the co-branded card, Mr. Arvind Nair, Chief Executive Officer of Jumbo Electronics said: "As the leading retailer of world renowned consumer electronics and technology brands, we are happy to be associated with an international bank like ABN AMRO in providing this unique privilege to customers. Jumbo and ABN AMRO are both customer focused and committed to rewarding our customer's loyalty with preferential financing solutions for all their technology needs including; digital still and video cameras, laptops, mobile phones and LCD televisions. We are confident that this co-branding exercise will further enhance our mutually beneficial relationship and live up to the expectations of our valued customers".

The new co-branded credit card offers all the features and benefits of a regular credit card but with some significant additional benefits. It will be accepted across the MasterCard global network, which offers customers access to more than 28 million retail outlets and more than 1 million ATM locations worldwide. The card is available at all ABN AMRO's branches, Customer Service Centres across the UAE, and via a dedicated sales force.

ABN AMRO has an established track record for product innovation, launching its first chip-based credit card in 2000 followed by its Smart Traveler Card for premium frequent travelers. The bank also launched the UAE's first credit card designed exclusively for women - the Al Ameera Card.