Pay back your purchases with 0% interest when using your Jordan Kuwait Bank Mastercard Credit Card, with a repayment period up to 36 months.
Subject to Jordan Kuwait Bank's Terms and Conditions contains the following:
- This service is available to MasterCard Credit Card primary and supplementary for Jordan Kuwait Bank.
- The installment service is available on MEPS POS machines only.
- Available installment options start from a minimum of 3 months and reach a maximum of 36 months, based on the merchant.
- The minimum value of the purchase transaction eligible for installments is 100 JDs.
- The customer must request the transaction installments from the merchant, when executing the purchase transaction, through the POS machine of MEPS.
- If the customer didn’t request installment at the time of purchase, they can apply for installment by contacting the call center within five days from the execution date, and at the latest two days before the due date, which falls on the 15th of each month, for the installment plan to be considered for approval.
- 1.75% interest is charged per month on the unpaid withdrawals on the card.
- If the customer requests to cancel the card and there are due installments, the installment service will be canceled, and the customer will claim the full remaining amounts.
- This service is not applied for customers who have any due installments with the bank.
- Customers have the option to make a down payment and pay the remaining balance in installments.
- If preferred, the customer has the flexibility to settle the entire amount in a single payment, provided they notify the bank accordingly. Subject to bank’s terms & conditions.
- Installment transactions includes only Jordan Kuwait Bank customers (individuals) who hold MasterCard credit cards, including Fly and Plus cards.
- Installment transactions through credit card are excluded for merchant, institutions, and companies.
- Fair use is required, and the bank has the right to reject any installments transaction without disclosing the reason.
- The service is subject to the bank's terms and conditions and the terms and conditions of all types of payment cards at Jordan Kuwait Bank.
- The Bank has the right to amend the terms and conditions of this program and to become effective as soon as customers are notified thereof.
- In the event of a dispute between the merchant and the customer related to the purchase or supply of any goods or services, the bank is not responsible.
- The bank selects merchants eligible for the discount service available to cardholders, with the ability to periodically update and change the network of participating merchants.