Get Cashback up to AED 2000
Get Cashback up to AED 2000
The Commercial Bank International, commonly referred to as CBI, redefines the meaning of personal banking entirely. The bank prioritizes customer friendliness over all other services, as is visible from their work ethic. CBI was established in Ras Al Khaimah, Dubai in 1991. Shortly thereafter, the bank rolled out an impressive range of CBI credit cards, which have been a massive hit amongst the UAE public.
CBI trades on the Abu Dhabi Securities Exchange under the heading of ADX: CBI and as of September 2018, was in possession of over AED 19 billion worth in assets. The CBI credit card offers customers completely transparent and reliable financial flexibility. Determined to offer friendly and approachable banking services in UAE, CBI demonstrates a commitment towards community outreach, integrity and efficiency at every level of its operations. CBI credit cards are created after thorough market research on the customer’s needs and are therefore regularly updated with enticing offers.
Currently, there are 5 types of CBI credit cards in the UAE market. Each CBI credit card offers its own combination of rewards and services as detailed below.
Types of CBI Credit Cards | |
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Benefits:
a. This credit card offers enrolment in the high-return CBI Rewards program. By making purchases with the CBI card, customers earn ‘Reward Points’, which may be used in a huge variety of ways, which include redemption for flight bookings, hotel reservations, car rentals, cash-backs, utility bill payments, charity donations, retail store discounts and more.
b. Owners of the First World CBI credit card can earn Reward Points in the following ways:
Note: The monthly cap on local and international purchases made with the CBI credit card is 150,000 Reward Points. Furthermore, all purchases falling under the category of government expenses, utility bills, real estate, fuel, transportation, couriers, freight services and advertising are altogether capped at 25,000 Reward Points per month.
c. The First World CBI credit card offers the primary CBI card holder and all supplementary CBI card holders unlimited complimentary airport lounge access in more than 650 airports across the globe. The full list of airport lounges can be found on the official website of LoungeKey website or on the LoungeKey mobile app.
d. This CBI card can be used to avail of up to 100% cashback on 4 cinema tickets every month. Maximum monthly cash backs are capped at different levels as per the previous month’s expenditure. The cashback categories are as follows:
e. Owners of the First World CBI credit card gain access to the CBI Lifestyle app, which has incredible deals on entertainment, shopping and dining experiences in UAE. The app also contains tons of buy-1, get-1-free offers.
f. Gold Plus Rewards 5-star membership to Hertz car rentals. The membership allows CBI card members to skip car rental queues, complimentary upgrades to one class higher, expedited booking and drop-off processes and up to 15% discounts on rental rates.
g. 40% off on expedited travel visa application and processing services for trips to the UK, New Zealand, Australia, Saudi Arabia and EU countries falling under the Schengen visa.
h. Free of charge travel insurance including medical and travel inconvenience covers.
i. The First World CBI credit card offers exclusive access to the MasterCard Buy 1 Get 1 mobile app. The app contains various complimentary dining options, free hotel stays and massage services.
j. Great deals on 175+ Starwood Hotel & Resorts establishments across the Middle East, Africa and Europe. The CBI card member earns 1 complimentary night’s stay on booking 2 nights and 2 complimentary night’s stay on booking 4 nights.
k. This CBI Bank credit card also provides the cardholder with a 20% discount on 2 Careem rides per month and a free first ride for new Careem users.
l. Up to 3 free supplementary CBI credit cards for the cardholder’s family members.
Benefits:
a. The Titanium MasterCard CBI credit card offers the primary CBI card holder and all supplementary CBI card holders unlimited complimentary airport lounge access to 10+ lounges in the Middle East. The full list of airport lounges can be found online.
b. The CBI card can be used to avail of up to 100% cashback on 4 cinema tickets every month. The maximum cash back cap is determined at CBI’s discretion. This CBI credit card offer is available only for customers who have spent a minimum of AED 30 on movie tickets.
c. Thousands of discounts on dining and entertainment services across UAE via the CBI Lifestyle mobile app.
d. Owners of this CBI credit card can convert purchases at partnered retail stores into 0% interest Easy Payment Plans, through which they can pay off the full transaction amount as monthly instalments with no interest.
e. This CBI card also provides balance transfer facilities at a low 0.99% monthly interest for tenors of up to 36 months.
f. This CBI credit card offers hundreds of enticing discounts and offers through MasterCard’s Priceless Arabia program. Up to date Priceless Arabia offers can be found online.
g. Up to 3 free supplementary CBI credit cards for the cardholder’s family members.
Benefits:
a. This CBI credit card offers enrolment into the high-return CBI Rewards program. By making purchases with the CBI card, customers earn ‘Reward Points’, which may be used in a huge variety of ways, which include redemption for flight bookings, hotel reservations, car rentals, cash-backs, utility bill payments, charity donations, retail store discounts and more.
b. Owners of the Platinum MasterCard Rewards CBI credit card can earn Reward Points in the following ways:
Note: The monthly cap on local and international purchases made with the CBI credit card is 150,000 Reward Points. Furthermore, all purchases falling under the category of government expenses, utility bills, real estate, fuel, transportation, couriers, freight services and advertising are altogether capped at 25,000 Reward Points per month.
c. The Platinum Rewards CBI credit card offers a Reward Points accelerator program, which can be activated for an annual fee of AED 525. With the accelerator program active, CBI card owners would instead earn:
d. The CBI card can be used to avail of up to 100% cashback on 4 cinema tickets every month. The maximum cash back cap is determined at CBI’s discretion. This CBI credit card offer is available only for customers who have spent a minimum of AED 30 on movie tickets.
e. The Platinum Rewards CBI MasterCard offers the primary CBI card holder and all supplementary CBI card holders unlimited complimentary airport lounge access to 25+ lounges across the globe. The full list of airport lounges can be found online.
f. Thousands of discounts on dining and entertainment services across UAE via the CBI Lifestyle mobile app.
g. This CBI credit card offers hundreds of enticing discounts and offers through MasterCard’s Priceless Arabia program. Up to date Priceless Arabia offers can be found online.
h. The primary CBI card owner is covered under the Credit Shield insurance program, which handles fees and charges for the CBI credit card in the event of death, disability or critical illnesses. This insurance is offered for a nominal fee of 0.85% of the outstanding balance amount on the CBI card.
i. Up to 3 free supplementary CBI credit cards for the cardholder’s family members.
Benefits:
a. Thousands of discounts on dining and entertainment services across UAE via the CBI Lifestyle mobile app.
b. The CBI card can be used to avail of up to 100% cashback on 4 cinema tickets every month. The maximum cash back cap is determined at CBI’s discretion. This CBI credit card offer is available only for customers who have spent a minimum of AED 30 on movie tickets.
c. This CBI credit card also offers 0% interest balance transfer facilities for the first 6 months and a low 0.99% monthly interest for tenors of up to 36 months.
d. The primary CBI card owner is covered under the Credit Shield insurance program, which handles fees and charges for the CBI credit card in the event of death, disability or critical illnesses. This insurance is offered for a nominal fee of 0.85% of the outstanding balance amount on the CBI card.
e. Up to 3 free supplementary CBI credit cards for the cardholder’s family members.
f. Purchase protection and extended warranty for items bought with the CBI card.
Benefits:
a. This CBI credit card offers enrolment into the high-return CBI Rewards program. By making purchases with the CBI MasterCard, customers earn ‘Reward Points’, which may be used in a huge variety of ways, which include redemption for flight bookings, hotel reservations, car rentals, cash-backs, utility bill payments, charity donations, retail store discounts and more.
b. Owners of the Rewards World MasterCard CBI credit card can earn Reward Points in the following ways:
Note: The monthly cap on local and international purchases made with the CBI credit card is 150,000 Reward Points. Furthermore, all purchases falling under the category of government expenses, utility bills, real estate, fuel, transportation, couriers, freight services and advertising are altogether capped at 25,000 Reward Points per month.
c. The First World CBI credit card offers the primary CBI MasterCard holder and all supplementary CBI card holders unlimited complimentary airport lounge access in more than 850 airports across the globe. The full list of airport lounges can be found on the LoungeKey website or on the LoungeKey mobile app.
d. The CBI card can be used to avail of up to 100% cashback on 4 cinema tickets every month. The maximum cash back cap is determined at CBI’s discretion. This CBI credit card offer is available only for customers who have spent a minimum of AED 30 on movie tickets.
e. Thousands of discounts on dining and entertainment services across UAE via the CBI Lifestyle mobile app.
f. This CBI MasterCard also offers huge discounts on Cleartrip bookings. Cardholders get a 10% discount on international round trips and as-available discounts on flights from all airlines. The flight tickets must be booked from Cleartrip to be eligible for the discount.
g. 40% off on expedited travel visa application and processing services for trips to the UK, New Zealand, Australia, Saudi Arabia and EU countries falling under the Schengen visa.
h. Free of charge travel insurance including medical and travel inconvenience covers.
i. This CBI Bank credit card also provides the cardholder with a 20% discount on 3 Careem rides per month and a free first ride for new Careem users.
j. This CBI MasterCard also offers 0% interest balance transfer facilities for the first 3-6 months and a low 0.99% monthly interest for tenors of up to 36 months.
CBI’s relentless dedication to identifying and addressing their customers’ requirements has led to the creation of some of the most rewarding credit cards in the UAE. Not only do CBI credit cards offer incredible benefits, but the cards also come fully equipped with the highest standards of features.
The CBI credit card offers astounding benefits in the form of discounts, vouchers and card services. Some of the biggest benefits of a CBI card are:
Given below are the various annual membership fees and rates of interest for every CBI credit card available in UAE currently.
Name of the Card | Annual Membership Fee (in AED) | Monthly Retail Interest (in %) | Monthly Retail Interest on Missing a Payment (in %) |
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CBI First World MasterCard | Free for life (only available for CBI First customers) | 2.99 | 3.25 |
CBI MasterCard Titanium Credit Card | Free for life | 3.45 | 3.70 |
CBI Rewards Platinum MasterCard | Free for life | 3.45 | 3.70 |
CBI Visa Platinum Credit Card | 157.50 | 2.25 | 3.70 |
CBI Rewards World MasterCard | 840.00 | 3.45 | 3.75 |
(Updated as of May 2019)
The CBI credit card application process is extremely straightforward and simple. However, applicants should be aware of all the eligibility criteria before selecting a CBI credit card to apply for. The criteria are as follows:
Customers looking to avail of the great benefits of a CBI credit card can apply online, in any CBI branch or even request for a callback to clarify doubts before continuing the application process.
As a final security measure, CBI credit cards need to be activated once they have been received. This ensures the CBI card was delivered safely and to the correct customer. The credit card may not be used without completing the CBI card registration first. The CBI card registration process is a simple one and can be completed in minutes by contacting the CBI credit card customer care number at (+971)4-503-9000.
UAE residents on the search for a CBI credit card can apply online or in-branch with the following documents:
The required documents may vary as per the bank’s discretion. Be sure to contact the above-mentioned CBI credit card customer care number for details on the appropriate documents.
CBI credit cards charge a monthly retail interest and a cash advance interest. The retail interest is calculated on any outstanding balance at the end of each monthly CBI card cycle. The cash advance interest is levied upon any cash amount withdrawn with the CBI credit card, from the date of the transaction itself. CBI card members that have missed a payment are liable to pay an increased rate of interest, for both retail and cash advance transactions.
Name of the Card | Monthly Retail Interest (in %) | Monthly Retail Interest on Missing a Payment (in %) | Cash Advance Interest (in %) | Cash Advance Interest on Missing a Payment (in %) |
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CBI Visa Platinum Credit Card | 2.25 | 3.70 | 3.15 | 3.95 |
CBI First World MasterCard | 2.99 | 3.25 | 3.15 | 3.25 |
CBI MasterCard Titanium Credit Card | 3.45 | 3.70 | 3.15 | 3.95 |
CBI Rewards Platinum MasterCard | 3.45 | 3.70 | 3.15 | 3.95 |
CBI Rewards World MasterCard | 3.45 | 3.75 | 3.15 | 3.95 |
(Updated as of May 2019)
The CBI credit card limit is decided at the time of application. CBI will ask the cardholder to present a security cheque as a deposit amount against the CBI card limit. The higher the requested credit limit is, the higher the security deposit amount will be as well.
CBI reserves the right to use this deposit amount to settle any overdue fees and charges in the event of a missed payment. Additionally, customers who spend more than their CBI credit card limit will incur an over-limit charge and be required to pay the excess amount in full.
Cardholders can check their CBI credit card limit on the CBI internet banking portal. Customers can also use the platform to view their CBI credit card statement, make CBI credit card online payments and much more. The CBI credit card login can be found online.
Alternately, customers can also check their CBI credit card limit and balance on the CBI mobile banking app. The app is available for Android and iOS.
Every CBI credit card owner is provided with a fully-transparent policy document, which details all of the applicable charges on the CBI card. The charges most commonly incurred by cardholders are as follows:
The complete and most recently updated list of CBI credit card charges can be found online.
CBI credit card payments can be made in the following ways:
As seen across all their ventures, CBI pays a great amount of attention to the needs of the CBI credit card customers. Decades of experience in the UAE financial market have helped CBI forge an extensive understanding of how to best serve their customer base.
Q1: What are supplementary cards?
Ans: Supplementary cards are also known as add-on cards. They are credit cards that banks and financial institutions offer to the eligible family members of the primary cardholder. These supplementary credit cards work like primary cards and they are even eligible for the same benefits offered to its primary card member. Any reward points earned through the supplementary card(s) will automatically get credited to the primary member’s card account.
Q2: Do these supplementary credit cards come with an additional fee?
Ans: Well, you can get up to 3supplementary credit cards without having to pay any extra fee. Following this, all supplementary cards come at a charge of AED 105.
Q3: How does one get to know their credit card limit?
Ans: Once your credit card application is successfully approved; you will receive a welcome pack along with your new credit card. Your credit card limit will appear on the card carrier. Additionally, your credit card limit will also be displayed at the top of your monthly account statement.
Q4: What is a late payment fee?
Ans: Typically, a credit cardholder is charged with an annual membership fee and interest on credit card debt if they are unable to pay their credit card bill before the due date. It is always advised to make credit card payments on time otherwise the late fees will negatively impact the credit ratings of the customer even if all outstanding dues are later paid in full.
Q5: What is a cash advance?
Ans: The cardholder can also opt for short term cash loans that are known as cash advances using their credit card. Another noteworthy element here is that the issuer charges high-interest rates on such cash advances.