General and Simplified Explanation about the Service

  • VISA Signature is the most distinctive card issued by Bank of Palestine, in terms of limits and features for cardholders, in addition to the purchasing capability for the cardholders.
  • The VISA Signature card is issued with VISA trademark only.
  • Bank of Palestine provides credit cards to its customers according to the creditworthiness of the customer, in addition to determining the limit of the card provided to the customers, which enables them to use the balance and pay the used amount within the card through installments or full payments.
  • Secure cards that can be used for:
    • Purchases from shops and stores in Palestine and around the world, within a wide network of machines that accept credit cards – Points of Sale (POS).
    • Online purchases through local, Arab, and international websites.
    • Cash withdrawals from more than one million ATMS located in Palestine and around the world.

 

Target Customers

  • Every customer with a bank account and a file that meets all the requirements of credit cards according to the policy for providing cards “Bank of Palestine’s policies for providing credit cards”.
  • Target customers for Titanium MasterCard card:
    • Customers with a monthly income equivalent to or higher than $2,500, or equivalent in other currencies.
    • Dignitaries and VIP customers.

 

Marketing Points

  • Cardholders receive various offers, discounts, and features when travelling abroad, through the VISA program all around the world.
  • Exclusive websites for VISA Signature cardholders, in which the cardholders enjoy discounts and offers for hotels all around the world, by reserving through the website using the card.
  • Access to the lounges of VIP customers in airports all around the world, through the “Lounge Key” program, which authorizes the cardholders to access the lounges by showing the card to the staff members at the entrance of the lounge.
  • Cardholders can inquire about the offers and discounts provided by VISA all around the world through the website www.visamiddleeast.com.
  • Personal Assistant service for Visa Signature cardholders in all countries around the world (more information in the Features section below).
  • The cards are used in purchases from stores and shops in Palestine and around the world, in more than 40 million commercial enterprises without commissions on purchases
  • The cards are used within a wide network of machines that accept credit cards – Points of Sale (POS), located in shops and stores in Palestine.
  • The cards are used for online purchases from local, Arab, and international websites through the internet, in addition to purchasing mobile apps, hotel and car reservations, and other services purchased through the internet.
  • The cards are used for cash withdrawals from ATMS located in Palestine and around the world, which operate for your services 24/7.
  • Inquire about the balance of the card through online banking and e-Bank app, and pay the balance due through either services.
  • Printout the cards’ monthly statements through the online banking service.
  • Inquire about the last 10 transactions on the card through Bank of Palestine’s ATMs inside of Palestine.
  • Receive SMS on mobile phones when completing transactions on the card, regardless of the time and place of the purchase or withdrawal
  • The cardholders of VISA Signature are provided with a Platinum debit card, given the customers have a checking account.
  • Issue sub-cards for family members using the same facilitations and limit provides.
  • The choice of selecting the ratio of repayments suitable to your needs; i.e., you can pay 2.5% of the monthly balance with a minimum of $25, or pay a part of the amount, in which interest will be added to the remaining balance after the grace period, or pay the full amount during the grace period, which falls between 14 and 45 days. This will allow you to benefit from the exemption on interest for the balance used.
  • Very secure cards that include the smart chip technology, which is the most secure system in the world.
  • Secure cards for online shopping by using the triple field “3D Secure” service, which confirms the purchase by sending an additional password from Bank of Palestine to the customer, and is entered to the websites that receive cards with 3D Secure feature.
  • Purchases outside of Palestine using VISA payWave.
  • Contact a specialized group of employees who provide various services related to credit cards:
    • Contact Bank of Palestine’s Call Center for Cards through the number 1700150150, between 8:00AM and 10:00PM (Palestine time).
    • For calls from outside of Palestine:
      • From Arab countries: +970-2-2946420
      • From other countries: +970-2-2946420
  • You can add any financial amount to the allowed limit; the additional amount shall not be subject to any commissions, and you will still enjoy all the services of the credit card.

 

Features of Visa Signature 

  • 1% “Cash Back” on purchases

The card is featured with a reward to its cardholders and returns 1% of the amount of purchase transactions made by the customers to all purchases outside Palestine through VISA Signature Card. This feature will be activated for a period of upmost 3 months.

  • Lounge Key Access

Access to waiting lounges to VIP customers in more than 650 airports in 300 cities around the world through the “Lounge Key” program, without the need to obtain another card to access the lounges (such as Priority Pass card), in which they can just show the card to the staff members in the lounge. VISA Signature cardholders can download the “Lounge Key” app, which helps the cardholders to learn more information about the program, and note their visits, and to inquire about the lounges contracted with service, in addition to modifying the personal information of customers.

In which VISA Signature cardholders can access the websites and reserve hotels at very competitive rates, in addition, the cardholders receive various features at the visited hotel, such as:

  • Ensure receiving the best rates at the hotel
  • Hotel room upgrades (in some hotels) to a better hotel once arriving to the hotel
  • Wireless internet in the reserved room
  • Additional $25 for food and drinks at the hotel
  • Classification of the cardholders as VIP customers at the hotels, and enjoy the advantages of the VIP customers
  • Late checkout out from the hotels, after 3:00PM

 

  • Personal Assistant Service
    • The Personal Assistant Service provides the VISA Signature cardholders with assistance 24/7.
    • The personal assistance that cardholders can receive:
      • Travel: arrangement of trips, airline reservations, hotel reservations, car rental, tourist activities, and general information.
      • Food: tips about the restaurants present in the visited country, table reservations at restaurants, and special orders.
      • Shopping: tips and advises about the shopping centers and the best prices, search for a particular product, and the Personal Assistant Service during shopping.
      • Lifestyle: search for babysitters, reservations in a particular resort, and planning for recreational trips.
    • Work mechanism of the service:
      • When calling for the first time, the Personal Assistant requests information related to the card of the customer to validate the identity, in which the customers’ information will be available to the Personal Assistant (for one time only). The number of the Personal Assistant is 00971 436 112 34.
      • The service is requested by the cardholders, and they agree on a mechanism for communication between the Personal Assistant and the customer to search and respond to the customer’s requests.
      • If the service requires a payment, the customer is given a choice to pay through the VISA Signature, or through other methods compatible with the customer and the nature of the selected service.
      • The number for VISA Signature cardholders from Bank of Palestine is ……………….

 

Commissions, Interest and Features of VISA Signature Cards

Limit of card

$6,000 – and higher

Immediate issuance at the branches

According to the policy and procedures for immediate issuance at the branches

Immediate issuance at the sub-branches

Not available

Number of designs available for the card

2

Commission for issuing the card

$100 for primary card

Commission for issuing a sub-card

$100 for sub-card

Fee for reissuing a card (if lost or damaged)

$100

Fee for card renewal (if expired)

$100 for primary card

Commission for withdrawals from Bank of Palestine’s ATMs

4% with a minimum of $4

Commission for cash withdrawals from ATMs of banks included in the National Switch network

4% with a minimum of $4

Commission for withdrawals from ATMs of other banks (local and international)

4% with a minimum of $4

Commission on purchases from commercial stores and through the internet (local and international)

No commission

Purchases through the internet

Issuance of sub-cards

Repayment of used balance

How to repay used balance

Through cash deposits or transfers from a checking or saving account to the card’s account, (through the branch, online banking, or e-Bank mobile app)

Interest on unpaid amount in the card on monthly basis

1.49%

3D Secure

VISA payWave

Validity of the Card

3 years

Primary currency of the card

US Dollar

Discounts and offers from MasterCard

Lounge Key

Cash Back

Personal Assistant Service

Various discounts and offers

Hotel reservations with distinctive rates

 

Conditions to receive a Card

  • Open a bank account at Bank of Palestine.
  • The card is provided with a credit limit compatible with the segments and the creditworthiness, and according to the policy of providing credit cards, and the classification of customers to receive a card.
    • Customers who have a monthly income equivalent to or more than $2,500, or equivalent in other currencies
  • Signature of the form “Application to Receive a VISA Signature Card” No. 5/86.

 

Limits that govern the card in purchases and cash withdrawals locally and internationally

  • Limit of one transaction in US dollars or equivalent in other currencies

Transaction Type

Local

International

Withdrawals

$2,000

$2,000

Purchases

Unlimited

Unlimited

  • Limit of transactions on daily basis in US dollars or equivalent in other currencies

Transaction Type

Local

International

Withdrawals

$4,000

$4,000

Purchases

Unlimited

Unlimited

  • Limit of transactions on monthly basis in US dollars or equivalent in other currencies

Transaction Type

Local

International

Withdrawals

$50,000

$50,000

Purchases

Unlimited

Unlimited

 

  • Customers can increase the limits above, pursuant to a formal request to the branch to receive an approval, in order to increase the limits above if needed, and the need of the customer justifies the request to increase the limit.

When travelling outside of Palestine

  • Customers must contact the Bank through the Call Center, in order to inform them about traveling and confirm the validity and operation of the card.
  • Ensure that the countries to be visited are not within Bank of Palestine’s blacklist.
  • If the country to be visited is within the blacklist, based on a request from the customer, the card will be given access to operate in the country at the responsibility of the customer; a new card will be issued immediately after the customer returns from travelling.
  • The countries included in the blacklist are: Argentina, Russia, Thailand, Australia, Taiwan, Singapore, Malaysia, Indonesia, Philippines, South Africa, Mexico, and Ukraine.