Tag Archives: Credit Card Kuwait

News

Businesses Can No Longer Pass Credit Card Fees To Customers in Kuwait

Posted on by ryuker
06
Dec

This is the best news I have heard in a while, because that was making my experience so frustrating. I bought from couple of websites and businesses where they overcharge for the delivery charges, and when it comes to payment. They want to pass the credit card charges from Visa or Mastercard to me. As you know, Visa, Mastercard, and American Express charge businesses 2-4% on each transactions and some businesses pass it to the customer. I faced this first time when I bought a product and the business sent me My Fatoorah link, and I was surprised to see the price increase when I click on credit card. I didn’t like the experience as a customer because it felt cheap, but it makes a lot of sense from the business stand point.

Starting December 6th, 2022 at 9 AM, Businesses will no longer be available to charge credit card fees to customers. This is an official law by Central Bank of Kuwait

 

Finance

Credit Card Rewards | People Are Missing Lots of Free Money in Kuwait

Posted on by ryuker
25
Oct

To this day, I am extremely surprised that lots of people in Kuwait use Knet for all their purchases where they can get tons of free money using credit cards. Few months ago, I got the NBK Visa Infinite Credit Card and I was surprised how fast I got a free laptop from Want it Buy it. I got the card right before I travelled, and a month after getting back to Kuwait. I had 100 KD in rewards and I redeemed them on Want it Buy it. My wife was very surprised, because she was using a horrible credit card that was barely giving any rewards. What happens is basically Visa charges the stores 2-3% or so, and they share some of that percentage with you in form of rewards. What I suggest to maximize rewards is the following

  • Get the right credit card that offers the maximum rewards such as NBK Visa Infinite Credit Card
  • Use credit card whenever is possible, and if the store decline, this is when you can use Knet
  • Some stores try to charge you extra for using a credit card, use Knet by then
  • Avoid paying credit card interest, so settle every month so you don’t get charged high interest rate
  • Check the deals that your credit card is offering. For example NBK Visa Infinite Credit Card is offering 50% cash back on digital entertainment subscriptions

There are other benefits such as the lounge access and travel insurance benefits, which are very useful if used. Find the best credit card, and apply ASAP to maximize your rewards.