Kuwait, 6 October 2018: Today, Gulf Bank launches the Gulf Bank Cashback Program, the most rewarding Cashback Program in Kuwait. The all-new Cashback Program is designed to add value to your credit card usage experience by providing instant cash rewards on all your day to day spends. Customers are rewarded with cashback of upto 10% on grocery items and upto 5% on all other spends locally and internationally.

The all-new Gulf Bank Cashback Program provides cardholders with instant, tangible rewards on all local and international spends. From grocery and department store shopping, to fashion and lifestyle, to airline, hotel bookings and dining out, all point-of-sale and e-commerce transactions are eligible to receive cashback rewards. In other words, the more customers spend, the more they earn, with up to 10% cashback on all purchases. To be eligible for the program cardholders must spend a minimum of KD 100 per month, on either their Mastercard Titanium Cashback Credit Card or their Visa Platinum Cashback Credit Card.

Why is the Gulf Bank Cashback Program the best in Kuwait?

Up to 10% cashback on all groceries and supermarkets and up to 5% on ALL spends locally and internationally.

Gulf Bank Cashback Program is providing consumers with the highest cashback in Kuwait. It will revolutionize the banking sector.

The program has been built around the spending patterns of our customers and the distinct rewards slab is a direct reflection of those patterns.

Speaking of the program, Mr. Ahmad Al Amir, Assistant General Manager for External Communications, Gulf Bank commented, “In today’s fast-paced, evolving world, customers look for instant gratification and convenience. The Gulf Bank Cashback Program, allows us to cater to those needs, providing customers with added-value and rewards. By analysing customers spending patterns in Kuwait, we have created a specific program where individuals can earn cash rewards in relation to distinct purchase slabs for groceries and other spends. We are also providing the highest cashback rewards of any on-going cashback program in Kuwait. Gulf Bank prides itself on continually expanding its products and services to meet the modern lifestyle needs of loyal and new customers, while offering them a wide array of rewards and sought-after benefits”.

Gulf Bank Cashback Rewards can be accessed and redeemed through the Gulf Bank online banking portal or using the dedicated Gulf Bank mobile banking app, in multiples of 10 KD,with no restrictions on the number of redemptions. With a maximum cashback amount of KD 250 per month, the highest cap in Kuwait, Cashback Rewards are valid for 24 months from the date of rewards earned.

For over 200 years, the world has used cash as the basis of economic activity, and Kuwait has primarily been a cash-based society. However, recent adoptions of technology and innovation, has seen the rise in cashless payments across the country.

As innovation continues to drive new payment technologies, it is important for banks to remember to place consumers at the centre of their developments. Knowing what's coming next in order to meet rising consumer expectations, in terms of both innovation and convenience.

As society moves towards digital and cashless payments, it is important to find ways to reward a loyal and growing customer base. Anyone who is interested in getting the best savings and deals shouldn’t ignore programs such as the Gulf Bank Cashback Program, which allows customers to earn more while spending more, with rewards being automatically applied to their card statement.

Societies, businesses, consumers in Kuwait have started to experience the benefits of electronic payment solutions, but there is still a lot of potential for all stakeholders to realize the full potential of creating a cashless society. Technology and innovation are key drivers of this transformation process and Gulf Bank’s goal is to meet the changing tides of payments by building relationships and rewarding consumers. Innovative payment solutions are turning all devices into simple, safe and secure payment tools. This is driving better efficiencies for the payment ecosystem, leading to higher productivity for businesses and supporting greater financial inclusion.

Our strategy towards banking innovation is simple. As technology innovations deliver new ways of connecting consumers with their accounts, Gulf Bank is putting the full power of these solutions to work. The Bank is focused on providing the technology, expertise and flexibility needed to give consumers anytime, anywhere, solutions—now and in the future.

Gulf Bank has always been committed to finding new and innovative ways to reward its customer base, and we are committed to fulfilling customer needs and exceeding customer expectations, and the launch of the highest paid rewards program in Kuwait demonstrates our appreciation for their trust and loyalty.

For more information on the Gulf Bank Cashback Program visit can visit one of the Gulf Bank’s 58 branches or log on to www.e-gulfbank.com. They can also contact the Customer Contact Center on 1805805 or place queries for assistance and guidance through the newly launched WhatsApp service on 65805805.