Ajman Bank MasterCard World Credit Card

About Ajman Bank MasterCard World Credit Cards

Ajman Bank MasterCard World credit cards are Islamic cards which are structures according to the Sharia Islamic principles. They offer the cardholders a plethora of benefits which include redeemable reward points, chip, and PIN security, balance transfer, plans with 0% profit rate on payments via installments and many more.

There are two types of Ajman Bank MasterCard World:

1. Ajman Bank BRight World Credit Card

This Ajman Bank Credit Card offers the cardholders an ultimate reward experience. Along with other benefits, it also offers exclusive benefits related to travel. It depends upon the concept of Murabaha which comes under Sharia Law.

Features of Ajman Bank BRight World Credit Card

Following are the features of this Ajman Bank Credit Card-

  • Samsung Pay: The cardholders have an option of using Samsung Pay through which they can enjoy a secure and seamless payment experience.
  • Contactless Transactions: The card members of the Ajman Bank BRight World Credit Card can enjoy convenient and fast contactless transactions for regular shopping purposes.
  • Mobile Banking: Ajman Bank Credit Cards offer their cardholders an option of multi-functional mobile banking for managing their cards conveniently.
  • PIN and CHIP: This credit card comes with a security chip and provides at most security through a personalized PIN number.
  • Security on Online Purchases: This Ajman Bank Credit Card provides the cardholders a security feature called mindwithour3D secure so that they can peacefully shop online.
  • International Transaction Fees: With Ajman Bank BRight World Credit Card, the cardholders can enjoy 0 percent international transaction fees.
  • Free Lounge Access: This credit card by Ajman Bank also offers a complimentary access to various lounges across the globe.

Benefits of Ajman Bank BRight World Credit Card

Following are the benefits of this BRight World Credit Card-

  • Traveler App by Ajman Bank: This Ajman Bank Credit Cards offers its cardholders over 1000 Buy 1 Get 1 and super saver options at their fingertips through this App called the ‘Traveler App’.
  • Discount on Clear Trip: The card members of this BRight World Credit Card can avail a discount of up to 30 percent on Clear trip and travel around the world.
  • Supplementary Cards: This Ajman Bank Credit Card also offers supplementary credit cards to the family members of these credit cardholders. The supplementary cardholder must be above 18 years of age.
  • Ajman Bank Power World Credit Card: This Ajman Bank Credit Card is one of the powerful Islamic multi-partner credit cards in the UAE. It offers the cardholders various benefits on dining, traveling, shopping, sports, entertainment and many more. It also offers redeemable reward points on various transactions.

2. Ajman Bank Power World Credit Card

Features of Ajman Bank Power World Credit Card

Following are the features of this Ajman Bank Credit Card-

  • Cash Withdrawal: The cardholders can make a cash withdrawal or cash advance up to the 100% of the credit limit given by the credit card provider.
  • PIN and CHIP: This credit card comes with a security chip and provides at most security through a personalized PIN number.
  • Online Banking: Ajman Bank Credit Cards offer their cardholders an option of secure online banking platform for managing their cards conveniently.
  • Security on Online Purchases: The Ajman Bank Power World Credit Card provides the cardholders 3D security features so that they can peacefully shop online.
  • Global Acceptance: Through MasterCard, the credit cardholders of this Ajman Bank Credit Card can avail global acceptability at over 22 million places across the world.  
  • Credit Limit: The cardholders of this Power World Credit Card has AED 100,000 as the maximum limit on credit.

Benefits of Ajman Bank Power World Credit Card

Following are the benefits of this Power World Credit Card-

  • Supplementary Cards: This Ajman Bank Credit Card also offers a maximum of four supplementary credit cards to the family members of these credit cardholders. The supplementary cardholder must be above 18 years of age.
  • Takaful Cover- Credit Shield: For the initial sixty days, the Ajman Bank Power World Credit Card offers a no-cost credit shield (Takaful cover) to the new cardholders starting from the date on which the card was issued.
  • Free Monthly Installments: The cardholders also have an option of converting retail purchases into a maximum of six months uniform monthly installments. No monthly fee is charged on these installments.
  • Priceless Arabia: This Ajman Bank credit card offers the cardholders a variety of benefits including shopping, dining, sports, entertainment, travel, and other attractions. They can avail these benefits by registering their power credit cards on the official website of Priceless Arabia. The terms and conditions of MasterCard are applicable to this offer.

Top Reasons to Get Ajman Bank MasterCard World Credit Cards

The MasterCard World Credit Cards offer a variety of privileges and benefits to the cardholders that makes it a good choice for the applicants. These are the following reasons why an applicant must select Ajman Bank MasterCard World Credit Cards:

  • Customer Service: The Ajman Bank offers its customers round the clock customer service by providing the credit cardholders access to their support and services whenever they need it. The friendly customer care agents help and guide the cardholders in an elaborate manner, resolving their queries (if any) efficiently.
  • Benefits: This Ajman Bank credit card offers the cardholders a variety of benefits which include dining benefits, shopping benefits, insurance benefits and more.
  • Security: These credit cards provide security through CHIP and PIN on all the retail transactions.
  • Online Banking: These Ajman Bank Credit Cards offer their cardholders a secure online banking platform for managing their cards conveniently.

Ajman Bank MasterCard World Credit Card Offers

Following are the offers of this MasterCard World Credit Card-

Facility of Easy Cash

With this facility of easy cash by Ajman Bank, the cardholders can gain more from their credit cards.

  • The cardholders can avail a maximum of 90 percent of their credit limit in the form of Easy Cash. The credit card also offers them a flexible payment scheme for up to twelve months.
  • There is no requirement of any paperwork to avail this facility. The cardholder can call on 80022 for making a request for the same.
  • The cardholders have a benefit of making flexible payments into 3, 6, 9 or 12 months’ installments.
  • The funds will be transferred to the cardholder’s account at Ajman Bank or some other bank in the UAE.
  • There is a small processing fee charged on the Easy Cash facility.

Balance Transfer

This Ajman Bank Credit Card helps the cardholders to save more with a facility of the balance transfer.

  • The cardholders can consolidate the outstanding balance on their credit cards using the balance transfer facility by Ajman Bank. They can enjoy more savings with zero profit charges.
  • There is no requirement of any paperwork to avail this facility. The cardholder can call on 80022 for making a request for the same.
  • There is a small processing fee charged on the Balance Transfer facility.

Credit Shield

The credit shield insurance (Takaful Cover) is a protection given to the cardholders under which the outstanding balance of their credit card can be waived in case of unfortunate events such as permanent disability, loss of employment, critical illness or death. Under this scheme, the cardholder remains covered for the first 2 months without any cost, subsequently, they will have to pay some charge on credit shield.

Convenient Payment Option: After the cardholders have enrolled for credit shield, their subscription gets renewed automatically for a fee of 0.89 percent out of their outstanding balance per month. They can conveniently pay this fee using their credit card. This transaction will be included in the credit card statement monthly.

Cash on Call

This Ajman Bank Credit Card offers a convenient and flexible option of availing a cash advance by just giving one call to the call center of the Ajman Bank.

  • The cardholder can avail a maximum of 80 percent of the pre-determined credit card limit in the form of cash advance.
  • There is no requirement of any paperwork to avail this facility. The cardholder can call on 80022 for making a request for the same.
  • There is a one-time processing fee of AED 150 charged on the cash on call facility.
  • The funds will be transferred to the cardholder’s account at Ajman Bank or some other bank in the UAE.

Easy Installment Plans

The cardholders can make paying back on their large value purchases stress-free by dividing the transactions into simple installment plans with the participating merchants of the bank without any charges.

  • There is no requirement of any paperwork to avail this facility. The cardholder can call on 80022 for making a request for the same.
  • The cardholders have a benefit of making flexible payments into 3, 6, 9 or 12 months’ installments.

3D Secure

With this 3D secure feature of this Ajman Bank Credit Card, the cardholders can be relieved about the safety of their card. This feature includes an extra verification layer to the card making online shopping more secure.

  • The cardholders can make transactions anytime, anywhere without the installation of any specific software.
  • This facility is easy and quick. The cardholders are not required to do any registrations as this function is automatically enabled on their Ajman Bank Credit Cards.
  • This facility makes online shopping safer for the cardholders. They receive a One-Time Password on their registered mobile number whenever they make online transactions.
  • This facility is convenient, simple and hassle-free.

Fees and Charges on Ajman Bank MasterCard World Credit Cards

Ajman Bank MasterCard World Credit Card charges a very low-profit rate and fees from its cardholders. The charges and fees on this credit card are as follows:

 

Fees and Charges Ajman Bank Power World Credit Card Ajman Bank BRight World Credit Card
Supplementary Card Fees First 4 Cards- Free50 AED per card per annum for subsequent cards First few Cards- Free50 AED per card per annum for subsequent cards
Late Payment Charges 125 AED 125 AED
Per Transaction Fees on Cash Advance (up to 5,000 AED) 150 AED 150 AED
Card Replacement Charge 75 AED 75 AED
Duplicate Statement 45 AED monthly 45 AED monthly
Sales Voucher (Copy) 65 AED 65 AED
Annual Fee 400 AED 1,500 AED
Over-Limit Fee 125 AED 125 AED
Processing Fee (FX Transactions) 3.5 percent 0 percent
Credit Shield Charge 0.89 percent monthly 0.89 percent monthly
Liability Letter 50 AED -
Minimum Due Amount 5 percent of outstanding principle & 100 percent of the total amount of fees 5 percent of outstanding principle & 100 percent of the total amount of fees
Maximum Amount of Withdrawal (per transaction) 5,000 AED -
DDS set-up fees recovery of Dues on Credit Card 50 AED -
EPP Charges (Retail Purchases) 5 percent of the amount of transaction -
EPP Charges (Balance Transfer) 4 percent of the amount of transaction -
EPP Charges (Easy Cash) 4 percent of the amount of transaction -
EPP Charges (Foreclosure Fees) 200 AED 200 AED

(These charges were updated as on 18 September 2018 and can be changed as per the guidelines of the Central Bank)

Rewards on Ajman Bank MasterCard World Credit Cards

Following are the rewards offered by this MasterCard World Credit Card-

1. Ajman Bank BRight World Credit Card

  • The cardholders can earn up to three BRight Rewards on each 10 AED spent.
  • They can also redeem their BRight Rewards at over 300 airlines for booking their tickets, more than 300,000 options for hotel stay, gift cards for family & friends and online shopping.
  • Apart from this, they can also avail discounts on flight tickets using the complimentary 15,000 BRight Rewards.

2. Ajman Bank Power World Credit Card

  • The cardholders of this Ajman Bank Credit Card can earn one power point for each 1 USD spent on every transaction.
  • They can gain redemptions at over 300 airlines for booking their tickets, more than 300,000 options for hotel stay, gift cards for family & friends and online shopping.
  • They have a redemption value of 2.5 percent (approximately) of the spends.
  • The cardholders can redeem their points at the official online website.

How does the Ajman Bank MasterCard World Credit Cards Work?

The applicants who want to buy an Ajman Bank MasterCard World Credit Card, can either apply at the nearest branch of the bank or through the online banking portal or through a call.

  • Branch Application: The applicants can visit their nearest branch and apply directly for this Ajman Bank Credit Card by filling the credit application form available there.
  • Online Application: The applicants who are not comfortable in visiting the branch of the bank can apply through the online banking platform which is safe and secure. They can easily evaluate and select a suitable credit card. The candidates can find the application form on the website of the bank.
  • Phone Banking: The applicant also has an option of using phone banking for applying for this Ajman Bank Credit Card. 

Frequently Asked Questions Related to Ajman Bank MasterCard World Credit Cards

Q.1. What are supplementary cards?

Supplementary credit cards are the ones that are offered to the primary cardholder’s family members. Their functioning is almost like a primary card, however, the reward points earned (if any) using the supplementary cards are credited to the account of the primary cardholder of the credit card. These cardholders are also eligible to avail the privileges and benefits that are entitled to the primary cardholder.

The Ajman Bank MasterCard World Credit Card offers up to 4 free supplementary cards to the family members of the primary cardholder. However, they will be charged AED 50 for subsequent supplementary cards.

Q.2. What does a Credit Card Balance Transfer mean?

The Balance Transfer on credit card means the transfer of the amount existing in one credit card account to another credit card account. A Balance Transfer fee may also be levied on you in order to avail this facility in case of some cards.

Q.3. What do you mean by Cash Advance?

Cash Advance or Cash Withdrawal means the withdrawal made from any branch or an ATM of the bank through a credit card. It is a general suggestion to maintain the withdrawals as low as you can because credit cards charge high-interest rates on cash advance. Beginning from the withdrawal date, a cash advance fee is charged on the withdrawn amount along with a pre-determined profit rate.

This Ajman Bank credit card levies a cash advance fee of AED 150 monthly per transaction fees on Cash Advance (up to 5,000 AED)

Q.4. What does 3D Secure mean?

Ajman Bank uses a 3D Secure facility which is a free service that ensures the security of using your credit cards for online transactions. It offers an extra verification layer for extra secure online transactions. You will have to enter an OTP (One-Time Password) that you will receive on your registered mobile number while making transactions online on websites that has this sign- MSC (MasterCard Secure Code). This OTP is important for completing the online purchase or transaction. This facility can be availed on 3D Secure merchant websites only.

Q.5. What is an OTP?

An OTP or One-time Password refers to the password which is valid for making online transactions through digital devices such as a computer. It is generated automatically via a text message on your registered mobile number for authentication.

Q.6. How to register for 3D Secure facility?

3D Secure facility requires no registration. It is enabled automatically on your Ajman Bank MasterCard World Credit Card. Make sure you have updated your recent phone number with the bank because the OTP will be sent on the mobile number registered in the bank records.

Q.7. Are my personal details safe & secure?

Yes. Your Ajman Bank Credit Card details will be encrypted and then stored on a secure and safe server.

Q.8. Can I make an online transaction even without having my phone number registered with the bank?

Yes. You can make online transactions but only through merchant websites which don't support 3D Secure (3DS). In the case of 3DS supported websites, no transaction can be completed without a One-time Password (OTP).

Q.9. How do I get to know that a particular merchant supports 3D Secure feature?

Any merchant who is 3DS (3D Secure) compliant will have a MasterCard Secure Code or VBV (Verified by Visa) logo.

Q.10. What is a Late Payment Fee?

The credit provided by the bank to a credit cardholder is like a short-term loan. That said, the cardholders must pay off their bills by the due date pre-determined by the bank. However, if in case the cardholders are unable to clear their respective credit card bills, the bank can charge a late payment fee on them. Such fees can have a negative impact on the cardholder’s credit score. The most convenient option to save yourself from this charge is by paying off your credit card bill on time.

This Ajman Bank credit card may levy a late payment fee of AED 125 on the cardholders who fail to make their payments on time.