With its dedication to offering exceptional banking experiences through outstanding products and services, the National Bank of Kuwait (NBK) has unveiled the NBK Avios Visa Signature Prepaid Card in partnership with Qatar Airways Privilege Club and British Airways Executive Club.
Industry sources added that this Visa prepaid card, the first of its kind in the MENA region, determines NBK’s commitment to innovation. With this new co-branded card, NBK has partnered alongside two globally renowned airlines, Qatar Airways and British Airways, to offer exclusive rewards and benefits to its customers.
NBK’s signing ceremony at its headquarters with Visa, Qatar Airways, and British Airways, which was attended by NBK executive management, Mr. Marwan Koleilat – Senior Vice President, Eastern Regions at Qatar Airways along with his team, Ms. Nicole Crowdey, Global Partnerships Manager at IAG Loyalty along with her British Airways team, Visa’s Dr. Saeeda Jaffar, SVP & Group Country Manager – GCC, and Mr. Michael Berner, Head of Merchant Sales and Acquiring for CEMEA.
Commenting on this launch, Mr. Mohammed Al-Othman, CEO of Consumer and Digital Banking Group at National Bank of Kuwait, expressed his enthusiasm, stating, “We’re excited to join forces with two of the prominent airline industry leaders to unveil a first of its kind prepaid card in the region, jointly co-branded with Qatar Airways and British Airways and powered by Visa — offering distinct benefits to our valued customers.”
“The introduction of this new prepaid card reflects NBK’s dedication to delivering an impeccable banking experience to its customers. By providing an unmatched array of travel rewards and benefits, this card is designed to cater to the diverse needs of customers, especially in the highly popular travel sector,” he added.
Industry sources added further that the NBK Avios Visa Signature Card boosts the customers to collect Avios, the rewards currency for Qatar Airways Privilege Club and British Airways, on their everyday payments. Members can opt for their preferred airline loyalty program at the time of the application and will earn Avios on every transaction made with the prepaid card. Members can choose to redeem their Avios for rewards of their choice including flights, upgrades, and more with their chosen loyalty program.
Benefits and Utilization Aspects of Card
The core benefits of the NBK Avios Visa Signature Card, are that when the client chooses Qatar Airways Privilege Club as the preferred airline loyalty program, it will include a bonus on first usage and renewal of the prepaid card, accelerated opportunity to earn Avios on international spends and flight bookings with Qatar Airways, the opportunity for tier fast-track to Silver or Gold tier and much more.
If a customer chooses British Airways Executive Club as the preferred airline loyalty program, they will benefit from a bonus on first usage and also renewal of the prepaid card, accelerated opportunity to earn Avios on international spending and flight bookings with British Airways, and much more.
Applying for the card is easy and convenient with the NBK Mobile Banking App, allowing customers to quickly start enjoying seamless online transactions. Once added to the digital wallet, the card is instantly ready for use.
Al-Othman emphasized that NBK consistently strives to cultivate strategic partnerships with leading global institutions across all sectors. This approach not only solidifies the bank’s leadership but also enriches the customer’s banking experience.
He highlighted that the bank works around the clock to meet the evolving needs and aspirations of our clients. Additionally, the bank strives to cater to customer preferences, demonstrating a steadfast commitment to offering the best and most advanced products and services.
Senior Vice President, of Eastern Regions at Qatar Airways, Mr. Marwan Koleilat, said: “Qatar Airways is globally recognized for its award-winning products and services and with Privilege Club we strive to build the same sentiment among our members from all around the world by providing them with products and services that enhance their lifestyle and travel experiences.”
Mr. Koleilat further added “As part of our strategy to collaborate with exceptional and innovative partners, we are joining forces with the National Bank of Kuwait to offer members the best collecting and spending opportunities. We look forward to seeing our Privilege Club members in Kuwait benefiting from the NBK Avios Signature Card launched in collaboration with NBK, British Airways, and Visa.”
Colm Lacy, British Airways’ Chief Commercial Offer, stated: “The Avios currency will give Middle Eastern consumers more exclusive travel benefits, bringing them one step closer to their next flight or holiday. We’re pleased to partner with the National Bank of Kuwait to bring the new co-branded credit card to market and give consumers more opportunities to convert their daily expenses into exciting rewards.”
Dr. Saeeda Jaffar, Visa’s SVP and Group Country Manager for GCC commented “”We’re excited to partner with National Bank of Kuwait to launch this first-of-its-kind Visa card in the MENA region. The NBK Avios Visa Signature Card is designed to enhance the travel experience of cardholders who will enjoy convenient and secure payments at our more than 130 million merchants worldwide.”
She adds “As a prepaid card, it will help drive financial inclusion so more consumers can enjoy the benefits of digital commerce. We remain committed to collaborating with our local partners to deliver innovative solutions that meet the evolving needs of our cardholders and reward them when shopping and paying with their Visa card.”
Also, Read: – More from NBK World and NBK Financial Inclusion
