Finance House Launches a Credit Card with Lowest Interest Rate in the UAE Market
 
12th February 2012
Titanium-EN

Abu Dhabi – 12 February, 2012 – Aiming to lead the way and offer new reduced levels of interests in the UAE, Finance House PJSC (FH), an Abu Dhabi-based financial institution, announced the launch of its Titanium Credit Card, which offers the lowest interest rate in the credit cards market, at only 1.66% per month, 0% interest rate for the first three months of joining, and no membership fee for the first year.

FH Titanium Credit Card marks a new horizon in the UAE credit card market whereby it will be the 1st card providing cardholders an opportunity to invest in gold. It offers up to 3% payment bonus with an option to keep this saving either in gold grams or bonus points equivalent to UAE Dirhams.

Commenting on the launch of Titanium Credit Card, Mohammed Wassim Khayata, Group Chief Operating Officer at Finance House, said: “Since inception Finance House has been vanguard in setting new trends in the banking industry, and this product is another major milestone which will exceed the expectations of our valued customers”.

“We are leading the way and offering the lowest interest rates in the market by launching this unique product, whereby we have decided to go back to the basics of banking. We believe that this product will encourage financial responsibility by setting new low levels of interest”, continued Khayata.

Khayata continued: “The launch of Titanium Credit Card reflects Finance House’s commitment to serve its customers in the best possible manner, without compromising the uniqueness and effectiveness of its products”.

Other benefits are equally valuable, such as free supplementary cards, free AAA Roadside Assistance Silver Membership when joining FH Credit Shield Insurance, free lounge access to a selected number of airports, and discounts on dining and purchase transactions.

Finance House Titanium Credit Cards also offers auto insurance through Insurance House starting at just 2.80%, and cardholders can also get the facility of exclusive balance transfer. For further convenience, bill payment can be done at over 350 locations across the UAE.

On the gold investment of the loyalty programme, Issam Bataineh, Head of Retail Finance said: “After being awarded Best Retail Finance Company in the Middle East at the Banker Middle East Industry Awards earlier last year, we made sure to carefully analyze the market, and ensured that this product is loaded with carefully chosen features and benefits to cater for our target market segment”.

“We are proud to introduce such a credit card to our valued customers, as again FH demonstrates its abilities to offer vanguard products and services that contribute to the growth of UAE economy”.

The programme will target employees in the government sector and semi-government departments/organizations and approved private sector companies, in addition to self employed individuals.