NBAD Aldar Academies Visa Platinum Credit Card

A unique card designed to facilitate the education of students

NBAD Aldar Academies Visa Platinum Credit Card

NBAD Aldar Academies Visa Platinum Credit Card is a unique card designed to facilitate the education of students and to ensure convenience and peace of mind for the parents

Highlights

  • Convert school fee transactions to 0% EPP up to 18 months
  • Education fee protection coverage of up to AED 500,000 per child
  • Chance to win back 50% of tuition fees using NBAD Aldar Academies Visa Platinum Credit Card

Education made easy with NBAD Aldar Academies Visa Platinum Credit Card

Pay tuition fees for Aldar Academies in up to 18 monthly instalments at 0% interest with no extra cost

Eligibility

  • Your child/children must be enrolled in one of the Aldar Schools in UAE

Required documents

  • Completed and signed branch application form
  • Copy of valid Passport / Visa / Emirates ID (Originals must also be presented)
  • Security cheque can be a UAE bank cheque from the customer or a dummy cheque provided by the bank
  • Confirmation letter from Aldar Academies stating the grade and school in which the child is studying in
  • If you would like our customer care team to contact you please complete the Credit Card Application Form

Fees and charges

Schedule Fees
Principal Annual Fee Free for life
Supplementary Annual Fee Free for life
Retail Interest Rate*
3.09% p.m.
Cash Advance Interest Rate 3.50% p.m.
Cash Advance Limit 60% of Credit Limit
Cash Advance Fee (% of withdrawal amount) 3% of the amount of cash obtained, with a minimum of AED 100 per transaction
International Transaction Charges 2.95% p.m.
Choice of Monthly Payment 5% to 100% of outstanding
Minimum Monthly Payment 5% of outstanding balance or AED 100 (whichever is higher)
Late Payment Fees AED 275 per month
Over Limit Fees AED 275 per month
Credit Shield Plus Charged per month at 0.85% of outstanding (maximum AED 1,700)
Statement Reprint Charges AED 25 per statement
Copies of Transaction Slip AED 25 per transaction slip
Cheque Returned Fee AED 200
Card delivery via Branch AED 50
Card delivery via Courier No fee
Grace Period – Retail Purchases Up to 56 days on purchases (if amount outstanding is settled in full on or before the due date)
Grace Period – Cash None
Card Replacement Fee No fee
Card Payment at Al Ansari No fee


*If the outstanding amount is not paid in full on or before the due date, interest will be charged on the amount outstanding from the transaction date. For any queries or billing information simply call us on 600 56 6223, or visit any NBAD branch. NBAD reserves the right to change its card pricing at any time.
 

Balance transfer 3 Months 6 Months 9 Months 12 Months 18 Months 24 Months 36 Months
Interest rate NA 0.00% 0.90% 0.80% 0.70% 0.60% NA
Processing fee NA 2.00% 0.00% 0.00% 0.00% 0.00% NA
Cancelation fee: AED 150 + remaining period interest
Easy cash (EC) 3 Months 6 Months 9 Months 12 Months 18 Months 24 Months 36 Months
Interest rate 0.90% 0.00% 0.90% 0.90% 0.80% 0.80% NA
Processing fee - 4.00% - - - - NA
Early settlement fee: AED 150 + remaining period interest
Easy Payment Plan on transactions   3 Months 6 Months 9 Months 12 Months 18 Months 24 Months 36 Months
Interest rate 1.1% *** 1.1% *** 1.20% 1.20% 1.20% 1.10% 1.10%
Early settlement fee: AED 150
***For selected customers, subject to approval
Easy Payment Plan on balance 3 Months 6 Months 9 Months 12 Months 18 Months 24 Months 36 Months
Interest rate 1.00% 1.00% 1.00% 0.90% 0.80% 0.70% NA
Early settlement fee: AED 250 + remaining period interest
For selected customers, subject to approval
Interest rate: 0%
Cancelation fee: AED 150
For transactions at selected partner merchants

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600 56 6223

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