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Switch Credit Card Slides

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0% found this document useful (0 votes)
24 views6 pages

Switch Credit Card Slides

Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Switch Cashback Credit Card

Switch your Rewards


25 Oct 2023
CONTENTS

Card design & benefits

Seamless customer journey

1
Card design & benefits
Other benefits:
Lifestyle category Cashback % Cap (in AED)
Supermarket (domestic) 4% 200
Dining 4% 200 Two rounds of Golf,
every month
Education 4% 200
Fuel (domestic) 8% 100
Other spends 1% No Cap
Telecom, Utilities, RE & Govt. Spends 0.5% No Cap One valet parking,
every month

Unlimited Airport
lounge access

Travel category Cashback % Cap (in AED)


Airlines 4% 200 Access to Dubai
ladies club
Hotels 4% 200
Dining 4% 200
Other spends 1% No Cap 2 Buy 1 Get 1 on
Telecom, Utilities, RE & Govt. Spends 0.5% No Cap Reel Cinemas

✓ Min. AED 2,500 spend/Calendar month required to earn Cashback


✓ Min. AED 300 Cashback balance to redeem as statement credit
✓ First year free with Annual fee of AED 299, waived on spends of AED 30K in last 12 months
✓ Min. Spend of AED 3,000/Calendar month required for Valet, Ladies Club & Reel Cinemas
✓ Lounge spend criteria of at least USD 1 equivalent in FX/Calendar year required
✓ No statement date change allowed, fixed at last day of every month

2
Seamless customer journey (1/2)

3
Seamless customer journey (2/2)

✓ Cashback category switch


screens

✓ Screen to reflect ability to


change current month
category

✓ End of the month cashback


fulfillment instead of daily

✓ Eligible for one category


per month

✓ Visibility of cashback
accrual for transactions
posted in current cycle post
month end only

4
Seamless customer journey (Cashback Computation Example)
Example 1 3 November 2023 –
31 October 2023 – Cashback for October
1 October 2023 – Category changed to credited to EI Rewards
Statement Date Lifestyle Cashback wallet - Lifestyle

15 October 2023 – 1 November 2023 –


Category changed to Travel Statement Date

Example 2
1 November 2023 – Statement
1 October 2023 – Statement Date Date

15 October 2023 – Category 3 November 2023 – Cashback for


changed to Travel October credited to EI Rewards
Cashback wallet - Travel

✓ Customer is eligible for one category for cashback for a calendar month

✓ Category active on the last day of the calendar month will determine cashback eligibility

✓ Cashback for any calendar month will be fulfilled within 3 working days of the subsequent calendar month

✓ Visibility of cashback accrual for transactions posted in current cycle post month end only

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