Commercial International Bank Egypt unveils the launch of Cashback
Egypt – Commercial International Bank Egypt (CIB) (COMI) has announced the launch of its new ‘Cashback’ credit card, Al Mal newspaper reported.
Cashback allows customers to receive rewards on banking transactions, including cashback worth up to EGP 500 to be added monthly to the card when used to pay bills for fuel, restaurants, groceries and clothing.
The new card will encourage customers to use alternative payment solutions, instead of cash, said director of card management Rania Nada.
It also offers insurance coverage valued up to EGP 500,000 and the free issuance of four additional cards, in addition to CIB’s Online Secure service for electronic payment.
Plus, cashback amounts are automatically added to the card and allow customers to withdraw up to 100% of the credit limit.
The launch of the Cashback credit card is part of the Central Bank of Egypt’s (CBE) approach to transform the country into a cashless society as part of Egypt Vision 2030, Nada said.
In addition to the Cashback card, CIB also offers World Elite, World, Platinum, Titanium and Gold cards as well as the Mileeverywhere card, provided in collaboration with EgyptAir.
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