Mashreq, one of the region's financial institutions announced the launch of a 0% Balance Transfer offer. Customers can avail the promotion by transferring balance from other bank's credit cards to their Mashreq Credit Cards and enjoy a more convenient repayment plan. This offer is valid until October 31st 2010, for all Mashreq Credit Card customers and can be repaid interest free over 6 months, and comes with a onetime processing fee of 2%.
Vimal Kumar, Head of Credit Cards & Retail Assets, Mashreq said: "As part of our promise to be the most convenient bank in the UAE, we have introduced this special offer to allow customers to enjoy the benefits of a 0% interest rate whilst transferring their outstanding balances from other credit cards to Mashreq Credit Cards. In the current economic environment, consumers are looking for ways to make their lives as financially efficient as possible and we take pride in knowing that our customers are getting the best value from their bank."
Mashreq has undertaken several initiatives and offers aimed at providing making its customers' financial lives as convenient as possible. Mashreq launched a 10% cash back offer on Balance Transfer in July 2010 on the back of a very successful 5% cash back campaign on all credit card spends that was run earlier. During Ramadan, Mashreq offered a monthly postponement plan on personal loan products to ease the stress of repayments during the Holy month. It also launched English and Arabic language service applications on I phones this summer, complimenting its unmatched mobile banking services. This fully automated service allows Mashreq customers to check their accounts, make payments and transfer funds anywhere in the world through their mobile phones at anytime, from anywhere.
