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LuLu Bank Muscat co-branded card customers redeem 4% of their purchase amount

MUSCAT, 23 June 2015 – The unique 'LuLu bank muscat credit card' launched by Bank Muscat, the flagship financial services provider in the Sultanate, and LuLu Hypermarket, the largest retail chain in the GCC region with over 125 outlets, has evoked strong response with customers enjoying a range of benefits and exclusive advantages. Notably, the first retail co-branded card in Oman rewards customers on all transactions which add immense value to their shopping experience.

In the occasion of Holy Ramdhan, the Lulu bank muscat cardholders earn points were raised from 2 per cent to 4 per cent of the total transaction amount in points and for all purchase transactions done elsewhere they earn 0.5 per cent in points.

Here is a simple example, if RO 100 is spent in Lulu Oman, Lulu bank muscat credit cardholders earn RO 4 in points. If they spend RO 100 elsewhere, they earn 0.5 per cent equal to 500 baisa. Cash withdrawal transactions are not eligible for earning points.

The benefits include exclusive check-out counters at all LuLu outlets in Oman. The dedicated express check-out counters help cardholders avoid long queues. Customers will also enjoy discounts and special offers at LuLu Hypermarket, travel insurance, extended warranty and customer protection.

The minimum monthly salary eligibility for the card is RO 250 and the annual fee is RO 10. Supplementary cardholders are also eligible to earn points on usage of cards. The points will be credited to the primary account.  Redemption of points is available at any Lulu store in Oman.

The Chip & PIN card enhances security and gives peace of mind for all transactions. The card is designed for everyday shopping. Transactions are authorised using Personal Identification Number (PIN) instead of signature. Lulu bank muscat credit card is issued under the MasterCard International brand.  MasterCard global brand is accepted at millions of merchants worldwide and lulu bank muscat credit card can be used for secure Internet shopping.

The card is loaded with a wide range of free travel insurance covers  that includes travel accident insurance, lost baggage and money, cancellation, travel delay, delayed baggage, personal liability, legal expenses and loss of passport and access to free medical and legal referral services worldwide.