Kuwait Finance House

We at Kuwait finance house, are happy to offer you Al-Tayseer Credit Card Package that now allows you to pay the outstanding balance over a period of time. This card is in compliance with high level services presented to KFH customers and in accordance with the Islamic law "Sharia" . You can now use these cards both in Kuwait and whil e you travel anywhere around the world and have the advantage of easy Payments. This product is clearly the first of its kind.

Key Features:

• Single joint limit of KD 800.
• A single statement showing the usage of both cards.
• Repayment in 12 monthly installments or 8.33% of the outstanding balance with a minimum threshold repayment of KD 50.
• No additional charges.

Eligibility for Al-Tayseer Gold Package:

• The customer should have salary account at KFH.
• Total salary should be above KD 250 and net salary must not be less than KD 200 (Net Salary after all deductions that include installments, repayments, standing orders, other existing credit card limits, etc.)
• In case there is no salary transfer to KFH, it can be issued against a deposit of KD 800.
• In the case of existing cardholders who would like to issue new cards or convert from their existing cards, the decision to issue the cards will be at the discretion of KFH and The Central Bank of Kuwait, based on previous credit history.
• Annual fee = KD 80 will be debited in 12 monthly installments of KD 6.666.

Comparison with Other Banks

• * Note: The interest charged by other banks is based on the carried forward amount and not the total.
• ** KFH gives two Gold Credit Cards in the package (Visa and MasterCard).
• *** At other banks with 100% utilization, the amount that would revolve is 11/12 of KD 800, i.e. KD 733,33. KD 733,33 at 14% = KD 102 annually.
• **** Similarly at 75% utilization, interest charged by other banks over the year is KD 77.