Finance House customers can choose from an array of three cards that the company offers—Platinum, Gold and Standard with varying spending limits, income criteria and a host of features and benefits. These are all MasterCards. Great value and highest standards of service are the hallmark of Finance House Credit Cards.
Features & Benefits of Finance House Credit Card
Finance House credit cards offer the following features and benefits:
- These credit cards are without any fee for life
- Large acceptability at merchants and ATMs worldwide with MasterCard
- Credit limit up to two times of average salary (conditions apply)
- Card holders are not charged any annual or renewal fees
- Finance House credit cards offer 5% cashback guaranteed and attractive balance transfers
- Interest free credit period of up to 59 days
- Up to 3 relatives can get additional supplementary credit cards
- Cardholders can avail car insurance from just 2.95%
- Option to pay bill at any of FH branches or several exchange houses
|Check For Latest Finance House Credit Cards Offers|
Insurance Benefits of Finance House Credit Card
In association with leading insurers, Finance House provides the following insurance protection benefits to cardholders
- These cards also offer Credit Shield Insurance protection
- Cardholders get Auto Insurance Cover (comprehensive) starting from 2.80% p.a.
- Cardholders get complimentary 24-hours personal accident cover
- To visit Schengen area free travel insurance is offered
- Coverage through Oman and UAE
- Third party bodily injury coverage is provided
- Property damage cover up to AED 1 million
- AED 350 can be the lowest deductible
Eligibility & Documents for Finance House Credit Card
Anyone above 21 years old and working in the list of approved employers for 6 months by Finance House or other companies can apply for a credit card. However, terms and conditions vary for each of the cards.
Documents required for approved employers are copy of passport, last 3 months’ pay-slips or bank statement and a security cheque worth the credit limit sanctioned. Employees working in other companies may submit a salary certificate in addition to these documents.
To apply for a credit card a customer can walk into any of the Finance House branches with documents or call their customer care so that a representative can meet them to assist in application
Fees and charges of Finance House Credit Card
The below table shows the schedule of fees and charges of the Finance House Credit Cards
|Type of Charges||Amount|
|Joining fee and annual fees for primary Blue, Gold and Platinum credit cardholders||Free|
|Annual fees for supplementary Blue, Gold and Platinum credit cardholders||Free|
|Preferential finance charges for Blue and Gold credit cardholders||3.33% per month for retail transactions and 3.50% per month for cash advance transactions|
|finance charges for Blue and Gold credit cardholders in case of non-payment||3.55% per month|
|Preferential finance charges for Platinum credit cardholders||3.09% per month for retail transactions and 3.50% per month for cash advance transactions|
|finance charges for Platinum credit cardholders in case of non-payment||3.31% per month for retail transactions and 3.50% per month for cash advance transactions|
|Joining fee for primary Titanium credit cardholders||Free|
|Annual fees for Primary Titanium credit cardholder||The first year is free, subsequent years is AED 600 per year|
|Annual fees for Supplementary Titanium credit cardholder||First three cards are free subsequent card fees is AED 100 per year|
|Preferential finance charges for Titanium credit cardholders||2.99% per month|
|Finance charges for Titanium credit cardholders in case of non-payment||3.19% per month|
|Interest rates for IPP, balance transfer and easy cash for Blue, Gold, Platinum and Titanium credit cardholders||Ranges from 0.69% per month to 0.89% per month|
|Early settlement fee for IPP of Blue, Gold and Titanium credit cards||AED 100 plus the remaining interest as per the chosen tenure|
|Fee for Cash Advance||3% of the cash withdrawn with a minimum amount of AED 200 for blue, gold and platinum cards and minimum of AED 60 for titanium cards|
|Fee for late payment||AED 300 for Blue, Gold and Platinum cards, AED 200 for Titanium cards|
|Fee for Over Limit||AED 300 for Blue, Gold and Platinum cards, AED 200 for Titanium cards|
|Fee for foreign currency transaction||2.85%|
|Fee for Sales Voucher copy||AED 100|
|Fee for card replacement||AED 100 but for titanium cards it is free once every two years|
|Fee for liability letter||AED 300|
|Fee for processing outstation cheques||AED 75 plus the actual cost|
|Fee for duplicate statement||AED 50|
|Fee for credit shield||0.85% of the outstanding balance with a minimum fee of AED 11|
|Cheque return fee||AED 300 for Blue, Gold and Platinum cards, AED 100 for Titanium cards|
|Gold buying and selling fee on titanium cards||Actual FH plus 0.25% per transaction|
Finance House credit cards are free for life and come to customer without any application or renewal charges. Customers can enjoy a 59 days interest free credit period with these cards. The rate charged is 2.99% p.m. for Gold and Blue cards and 2.89% p.m. for Platinum cards.
Customer Referral Program
Existing Finance House customers can refer new customers to Finance House for credit card and earn 1% of the new customers’ total card spend ?credited monthly. They also have the option to 5% of the outstanding amount or AED 100 and rollover the total amount. For balance transfers interest applicable ranges from 0.69%-0.89% per month.
About Finance House Bank
Finance House, an 11 year old finance company in UAE was established in July 2004 and operates in areas like investments, commercial and consumer financing. The company has seen sustained growth since then and aims at becoming a leader by providing a bouquet of unique services and products in the financial domain directed at niche customers.
Other Products from Finance House Bank
News About Finance House Credit Card
Innovative Online Security System 3D Secure Offered by Finance House
Finance House PJSC recently revealed that it has launched 3D Secure – an innovative online security system so that customers with credit cards can have additional protection against the concern of cyber threat. 3D Secure is the latest security system with the potential to not only protect customers from fraudulent operations on the internet, but also to secure payments and ensure that there is no room for any kind of problems related to online transactions. The manner in which the technology works is that it authenticates the online transactions of clients through a special 3D password which will not be displayed on the card, but generated with each new transaction relating to credit card holders of Finance House.
Finance House’s Head of Retail Finance, Hasnain Yousuf Khoja, said during the release of 3D Secure that the customers of the company can now enjoy a peace of mind when shopping online with the new facility that will enable them to safely carry out business with their Finance House credit cards.
04 March 2016
Finance House earns net profit of AED 64.7 Million
Finance House PJSC (FH) has registered a consolidated net-profit of AED 64.7 million for the nine months ended 30 September 2015, compared to AED 73.3 million for the full year ended 31 December 2014.
Net interest income and income from Islamic financing and investing assets grew by an impressive 40.7% YOY to reach AED 142.6 million for the first 9 months of 2015 compared to AED 101.4 million in the corresponding period of the previous year.As a combined result of the above, Total Operating Income for the nine months ended 30 September 2015 was up by 7.6% to AED 249.4 million compared to AED 231.8 million in the same period of the previous year. Due to continued expansion in business activities of the Group, Total Operating Expenses were higher at AED 142.5 million compared to AED 123.6 million in the same period last year.
16 November 2015
Finance House sets new Guinness World Record
Celebrating UAE Flag Day and reiterating admiration and respect towards its fallen soldiers, Finance House P.J.S.C (FH) set a new world record. In collaboration with MasterCard, FH set a new world record by depicting the UAE flag using more than 31,000 bank cards. Twenty-one other banks and financial institutions also joined forces to set the new Guinness World Record.
Speaking on FH’s participation in this event, Hasnain Yousuf Khoja, Head of Retail Finance at Finance House said that they will be forever dedicate to drive success and maintain prosperity and advancement of the country.
06 November 2015