ADCB introduces the new 365 Cashback Credit Card with unparalleled cashback and lifestyle benefits

Press release

Published February 26th, 2023 - 05:52 GMT

ADCB introduces the new 365 Cashback Credit Card with unparalleled cashback and lifestyle benefits

Abu Dhabi Commercial Bank

Highlights

As part of ADCB’s commitment to delivering an unrivalled experience for all customers, the Bank announced today the launch of its new 365 Cashback Credit Card

As part of ADCB’s commitment to delivering an unrivalled experience for all customers, the Bank announced today the launch of its new 365 Cashback Credit Card, offering customers market leading cashback and lifestyle benefits.

Available in both conventional and Shari’ah compliant variants, the ADCB 365 Cashback Credit Card rewards customers with extensive cashback value when using their cards for everyday expenses. The card offers 3% cashback on utilities, telecom, fuel, and Salik; 6% cashback on dining and food delivery; 5% cashback on groceries; and 1% cashback on all other retail purchases.

Customers can earn up to AED 1,000 in cashback per month when spending AED 5,000 or more within a calendar month with no defined caps per category of spending. The card also offers 0% interest payment plans on school fees, balance transfers, and credit card loans while extending lifestyle benefits such as buy 1 get 1 free tickets at VOX Cinemas and 12% discount on hotel bookings at Agoda.

Customers have the chance to earn a welcome bonus of AED 365 by spending AED 5,000 or more within 45 days of the card issuance. The card offers this comprehensive suite of features and benefits without any annual fees for the first year.

The 365 Cashback Card is designed with the customers’ everyday needs in mind and is made of recycled plastic in alignment with the Bank’s ESG framework and the UAE’s ambitions for an inclusive, net-zero economy. This newest addition to ADCB’s diverse credit card portfolio is a testament to the Bank’s dedication to service excellence and in staying adaptive to customers evolving banking habits.

Background Information

Abu Dhabi Commercial Bank

ADCB was formed in 1985 and today after integration employs over 3,350 people from over 45 nationalities, serving approximately 590,000 retail customers and over 20,000 wholesale clients. It is the third largest bank in the UAE and second largest in Abu Dhabi by assets, at AED 163.7 billion as at March 31st, 2010.

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate, currency, derivative, Islamic products, project finance and property management services.

ADCB is owned 64.8% by the Abu Dhabi Government through the Abu Dhabi Investment Council. Its shares are traded on the Abu Dhabi Securities Market.

ADCB has won the Silver class category of The Sheikh Khalifa Excellence Award (SKEA) for the finance sector in November, 2009. In February 2010, ADCB won The World Finance Corporate Governance Award for “Best Corporate Governance in the UAE” and was recently named “Best Retail Bank in the UAE and GCC 2010” by The Asian Banker magazine in March 2010.