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Tuesday, November 10 - 2009

QNB introduces free Value Added Services for its premier cardholders

Qatar National Bank (QNB) has announced the introduction of Value Added Services for QNB Credit Card Holders. All existing and new premier (Visa and MasterCard) Cardholders are now provided with Personal Accident Travel Insurance and Credit Card Purchase Protection Cover free of charge.

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  • Qatar National Bank.
    Qatar National Bank.
Cardholders are automatically entitled to these benefits and do not have to register for this service.

Introducing these value added services is a part of QNB's ongoing efforts to enhance its credit card offerings. These cards have won several accolades in the past for their outstanding performance and through this new service the bank hopes to carve a new niche for itself, in the face of growing competition.

Personal Accident Travel Insurance provides the cardholder a peace of mind whenever and wherever they travel. A maximum coverage of up to USD 1 Million is provided to the primary cardholder. Additional cover is provided to their spouse and dependent children without any extra cost to the cardholder.

Credit Card Purchase Protection Cover indemnifies the cardholder for the loss, theft or damage to any items purchased with the QNB credit card, anywhere in the world, for a period of 90 days from the date of purchase.

QNB credit cards have been in the news lately for having won awards of excellence from MasterCard and the GMR Effectiveness in Marketing Award for the launch of its Co-branded credit card with Qatar Airways. Additionally QNB has also launched a promotion for new applicants of Qatar Airways Co-branded MasterCard Credit Card through which customers who successfully apply will be automatically entered in the monthly draws where there are a total of 1 Million Qmiles to be won.
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Qatar National Bank (QNB)

Qatar National Bank (QNB) was established in 1964 as the country's first Qatari-owned commercial bank, with an ownership structure split between the Government of Qatar (50%) and the private sector (50%).

QNB has steadily grown to be among the largest banks in the region and is by far the leading financial institution in the country with a market share approaching 45% of banking sector assets. QNB has the largest distribution network of 37 branches and offices, in addition to 6 Islamic branches, and more than 100 ATM's.

QNB international presence is rapidly expanding with new locations in Singapore and Libya, Oman, Kuwait and Yemen, supplementing existing branches in London and Paris and a Representative Office in Iran. The London-based Ansbacher, QNB's Wealth Management and Private Banking subsidiary, operates in Switzerland, Channel Islands, the Bahamas, Dubai International Financial Center and Qatar Financial Center. Ansbacher, was the first financial institution to be granted a license to operate at Qatar Financial Centre providing a wide range of wealth management services in Qatar and the region.

QNB offers a full range of retail, corporate, investment, treasury, wealth management, and Islamic banking products and services for individuals, corporate institutions and government entities. QNB is constantly striving to provide intelligent banking solutions and its range of products and services, and delivery channels across all disciplines continues to be unrivalled.

Through its affiliate, QNB Al Islami, QNB was the first commercial bank in Qatar to offer Islamic Banking products and services, and the first Qatari bank to launch equity funds (Al Watani Funds) for companies listed in the Doha Securities Market.

QNB has the highest credit rating among Qatari banks from leading rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence. The Bank has also been the recipient of the "Best Bank in Qatar" Award from leading international specialized financial publications.

QNB has an active community support program and sponsors various social, educational, and sports events.

The Bank is the official sponsor of the four major sports in Qatar which include Football, Basketball, Handball, and Volleyball.

For further information, please contact QNB's Public Relations Department at (974) 4407828 - 4407109

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