The second scheme "5% Guaranteed Cash back on Balance Transfers" will immensely benefit customers who carry high revolving balances on their credit cards with other banks. Credit Card customers across the UAE can instantly reduce their outstanding credit card debt by 5%, simply by transferring revolving balances carried on their other bank credit cards to their Finance House Credit Card. This instant 5% debt reduction is effected through a Cash back mechanism that is transparent & easy to understand.
There is no maximum limit for cash back reward on Balance Transfers. Considering that there is no annual fee or joining fee for the Card, these Cash back rewards are extremely generous and expected to generate encouraging response from value conscious UAE residents.
According to Mr. T.K Raman, Chief Operating Officer Finance House:
"We have earned a reputation for creating innovative product propositions that offer outstanding value to customers in pre-identified niche market segments. Loyalty is a two way street. If we expect customers to use our products & services over competitors', then we have to first exceed their expectations in terms of tangible value & rewards structure. This is precisely what we have done with this incredible "twin cash back offer".
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Posted by Nadeen El Ajou
