Dubai, 11 December 2019: Emirates NBD, a leading banking group in the region and retail conglomerateLuLu Group have come together to launchthe Emirates NBD LuLu247 Mastercard Credit Card.
The card will enable UAE consumers to carry out all their household shopping conveniently through the extensive LuLu store network while earning market leading rewards. Themed around 24/7, theco-branded card program will offercustomers rewards of up to 7% on all spendsat LuLu stores and webstore, 4% on fuel related spends and 2% on utility bill payments. Rewards will be awarded in the form of LuLu Points which can be redeemed instantly at over 70 LuLustores across the UAE. In addition, cardmembers will also enjoy exclusive discounts and privileges at LuLu stores as well as obtain a buy-one-get-one-free offer for movie tickets at VOX Cinemas.
Commenting on the announcement, Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, Emirates NBD, said: “As the market leader in payment cards, Emirates NBD consistently strives to offer innovative products that provide strong value and convenience to our customers. Our partnership with LuLu brings together two home-grown brands that have developed into household names in the UAEto offeran unmatched proposition that earns attractive rewards for customers even on their essential and everyday spending”.
Yusuff Ali MA, Chairman and Managing Director, LuLu Groupsaid: “As a retailer that is continuously striving to add value for our large and cosmopolitan customer base, we are really excited about launching this very unique and rewarding card in collaboration with the region’s leading bank, Emirates NBD. The fact that customers will get not only 7% cash back at LuLu when they use the 247 card but also get up to 4% rewardson fuel related spends and 2% on utility bill paymentswill make this card the most popular and valuable card in the country.”
Girish Nanda, General Manager, UAE and Oman, Mastercard added: “We are delighted to collaborate with our longstanding partner, Emirates NBD and the LuLu group to make everyday spending more rewarding and convenient for the bank’s customers. The Emirates NBD LuLu 247 Mastercard Credit Card has been designed with the UAE consumer in mind, giving cardholders additional value for the purchases they make most frequently.”
Market research shows that the value of rewards rank very highly in the minds of consumers and the program has been developed to cover the major essential spend categories such as groceries, fuel and utilities. This combined with the ease of redeeming LuLu Points makes the card an ideal everyday companion for customers.
The Emirates NBD LuLu247 Mastercard Credit Card will be offered in two variants, Titanium and Platinum. New cardmembers will also benefit from a welcome bonus of up to 500 LuLu Points and also be able to avail a0% Balance Transfer program with no processing fee to transfer their existing card balances.