Highest Cash Back Facility on Daily Purchases
Dubai-UAE: 11 December, 2013 - Noor Islamic Bank (Noor) has launched the wafa credit card, in partnership with aswaaq LLC, a responsible local retailer working towards a better neighbourhood, offering consumers the highest cash back returns on retail purchases at aswaaq branches of up to 11 per cent, which could translate into annual savings of more than AED4,000.
The co-branded card will charge no profit rate for the first three months. Monthly purchases of less than AED1,500 will attract two per cent cash back while customers shopping between amounts of AED1,500 and AED3,000 can benefit from 5.5 per cent cash back. Shoppers exceeding monthly purchases of over AED3,000 can obtain a maximum cash back return of 11 per cent.
John Chang, Head of Consumer Banking at Noor, said: “We are delighted to partner with aswaaq to deliver a convenient and affordable lifestyle to residents across the UAE. It is a well-known fact that grocery shopping takes a big chunk out of the monthly budgets of families in the UAE. Our innovative wafa credit card seeks to cut down this essential expense and allow families to save more and spend their hard-earned money on enjoying other experiences.”
Affan Al Khoori, Chief Operating Officer of aswaaq, said: “aswaaq launched its loyalty programme, wafa in 2008, which distinguished it from other supermarkets through helping consumers to save while allowing them to plan purchases for a smart shopping experience. The wafa credit card is another initiative to enable consumers to save more when shopping at aswaaq branches that promise fresh and high quality products along with convenience.”
aswaaq owns a string of retail branches in Al Mizhar, Nadd Al Hammar, Al Sufouh, Umm Suqeim, Dubai Internet City, Al Rigga, Al Waarqa'a, Mirdif Community, Badaa and South Barsha.