Gulf Bank has launched a prepaid cashback card in partnership with LuLu Hypermarket and Mastercard, as part of its ongoing commitment to rewarding customers and improving their shopping experience.
With no annual fee for the first year, this card offers customers special discounts and cashback of up to 5 percent at all LuLu Hypermarket branches in Kuwait.
On this particular occasion, Mohammad Al-Qattan, the General Manager of Consumer Banking at Gulf Bank, said that the launch of the first-of-its-kind prepaid cashback card in Kuwait, tailored specifically for Lulu Hypermarket customers, offering them exclusive discounts and offers throughout the year.
Apart from earning a cashback of up to 5 percent on all Lulu Hypermarket purchases, Al-Qattan highlighted that customers will also receive a 1 percent cashback on all their other local and international spending. Cardholders can enjoy a generous annual cashback of up to $1,955 (KD 600), making their shopping experience more rewarding.
Al-Qattan also mentioned that, “Customers have the convenience of using the card to make purchases at 2 million ATMs and over 33 million stores worldwide. Furthermore, the card issuance is free for customers during the first year.”
Mohamed Haris, Director for Lulu Group Kuwait Operation noted that that he is excited about launching this unique and rewarding card in collaboration with the leading bank in the region to provide Kuwait’s first-ever co-branded shopping prepaid card in the retailing business sector.
For his part, Erdem Çakar, the Country Manager for Kuwait and Qatar at Mastercard, stated that, “Our partnership with Gulf Bank and LuLu Hypermarket builds on our shared dedication to keeping customers at the heart of everything we do. We are delighted to launch the value-added Mastercard prepaid cashback card, which connects cardholders to a wide variety of lifestyle benefits, exciting deals, and priceless experiences.”
