Majid Al Futtaim Finance Introduces the UAEs

19 Jun 2012

New Najm Platinum Visa and ‘PremiumRewards’ loyalty program a passport to real-time travel and lifestyle rewards

Majid Al Futtaim Finance introduces the UAE’s most innovative and dynamic rewards program for the discerning traveller

Dubai, UAE, 20 June 2012 –  According to research conducted in 2011 by the United Nations World Tourism Organisation, on average, a UAE resident spends about USD $22,000 (AED 80,808) a year on flights and accommodation alone, totalling USD $6.6 billion annually on outbound travel. Furthermore, a study unveiled at Arabian Travel Market in 2012 revealed that UAE nationals are the second most frequent travellers in the GCC (following Saudi nationals), with 53% travelling to between two and five countries for leisure or pleasure within the next year – and 40-60% on a business class flight. Recognising the distinct travel and lifestyle needs of the UAE’s affluent, travel-savvy market segment, Majid Al Futtaim Finance has launched the Najm Platinum Visa credit card and PremiumRewards loyalty program. Unmatched by any other card in the market in choice and flexibility, PremiumRewards  provides real-time redemption of travel rewards anytime, from anywhere, on any route and without blackout dates, delivering the region’s ultimate reward programme to frequent business and leisure travellers in the Middle East.

“We created the benefits for new offering through our understanding of the travel and leisure needs of the most discerning customers in the region, the new Platinum Visa credit card and PremiumRewards is a truly unique travel and lifestyle program that offers users the ultimate in choice and flexibility. With real time redemption and no restrictions, PremiumRewards is unmatched by any other card offered the UAE,” said Rasool Hujair, CEO of Majid Al Futtaim Finance. “PremiumRewards underscores Majid Al Futtaim Finance’s commitment to offering superior customer value through premium rewards and other value-added benefits that are tailored to meet their needs.” 

The benefits of the Najm Platinum Visa are immediate, with an attractive 36,000 PremiumRewards joining bonus upon approval of the card, payment of the annual fee, a one-time joining fee and bonus rewards on early spend on the Card. The convenience of instant, real-time rewards is a key feature of Premium Rewards program, with an unprecedented choice of travel rewards including flight tickets to or from any destination in the world with more than 360 airlines and accommodation at more than 200,000 hotels globally, with no blackout dates. The benefits also double with the earning of frequent flyer miles with each ticket redemption.

Based on the needs of luxury and business globetrotters, the extensive travel and lifestyle rewards are the key defining feature of the Najm Platinum Visa and PremiumRewards program, and preferential treatment or access to dining, shopping and leisure and entertainment experiences globally. Exclusive privileges of PremiumRewards members include unlimited access to VIP lounges in more than 60  destinations worldwide for  Primary and Supplementary Cardmembers , international concierge services including airport limousine transfers, up to 75% savings at more than 50,000 hotels worldwide and in the UAE, overseas travel insurance and car hire specials, up to 30% discount on select fine dining restaurants in the UAE,  dedicated payment counters at Carrefour in the UAE and further privileges on shopping and entertainment activities including special offers on VOX Cinemas GOLD Class seating.

The Najm Platinum Visa and PremiumRewards offers the highest rewards earn rate for daily spends, with 2.25 premium rewards per USD spent internationally and 1.65 premium rewards per USD equivalent spent in the UAE. The card also offers Bonus Miles Accelerator rewards; giving customers an opportunity to earn extra rewards for spends at select partner outlets, such as VOX Cinemas and Cash Plus Rewards to top up for upgrades or higher class of travel.  With the addition of Joining Bonus Rewards for payment of joining and membership fees – customers can earn 36,000 rewards instantly for a free ticket on card approval -- the Najm Platinum credit card presents an unmatched opportunity to earn PremiumRewards – and access a world of superior travel and lifestyle benefits, faster than any other card in the market.
Enhancing the current Najm portfolio of credit cards including Najm Gold and Silver, the Najm Platinum Visa credit card is the first premium card to be introduced by Majid Al Futtaim Finance and a best-in-class product that offers premium benefits tailored to the specific needs of frequent business and leisure travellers. 

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About Majid Al Futtaim Finance LLC
Majid Al Futtaim Finance LLC is a 100% owned subsidiary of Majid Al Futtaim Ventures. The objective of this venture is to fulfil our vision of becoming the consumer’s credit card and prepaid card of choice. Majid Al Futtaim Finance LLC currently issues VISA and JCB credit cards as well as prepaid Visa cards in the UAE and has plans to expand across the Middle East & North Africa.