NIBL and its Visa associate member banks offer 10% cash back on the use of Visa card
Nepal Investment Bank Limited (NIBL) has launched a campaign to offer its Visa Domestic cardholders access to exclusive cash back rewards when using their Visa debit or credit cards for all purchases. This campaign has been launched as a part of its “Card Loyalty Program”.
This initiative comes in the context of the Banks’ effort to boost card usage for payments of goods and services in Nepal. This program has been specifically designed to move the Nepali economy into a less cash using society and encourage customers to use their Visa Debit/Credit cards and redeem cash back in the easiest way into their accounts.
Cardholders who purchase goods or services by using Visa Domestic debit/credit cards issued by these Banks will receive cash back reward as below. Cardholders need to perform transaction up to NPR500.00 to be eligible for this program
Transaction Count (Monthly) Cash Back Reward
For 1 to 3 transactions 2% or maximum NPR 100.00
For 4 to 15 transactions 5% or maximum NPR 200.00
For 16 to 30 transactions 7% or maximum NPR 500.00
For 31 to 50 transactions 10% or maximum NPR 1000.00
With certain terms and conditions applied, these Banks will provide Cash Back offer into their cardholders’ accounts on the following day of purchases made by their Visa debit and credit cards.
Cardholders of Century Bank Ltd., Global IME Bank, Kumari Bank Ltd., Mahalaxmi Development Bank, Mega Bank Nepal ltd, Muktinath Bikash Bank, NCC Bank, Nepal Investment Bank Ltd., Rastriya Banijya Bank, Sanima Bank and Tourism Development Bank will be benefited under this program.
In addition, these Banks have stated that this program will also encourage on secured and convenient mode of payment i.e. through cards.
Cardholders who purchase goods or services by using Visa Domestic debit/credit cards issued by these Banks will receive cash back reward as below. Cardholders need to perform transaction up to NPR500.00 to be eligible for this program
Transaction Count (Monthly) Cash Back Reward
For 1 to 3 transactions 2% or maximum NPR 100.00
For 4 to 15 transactions 5% or maximum NPR 200.00
For 16 to 30 transactions 7% or maximum NPR 500.00
For 31 to 50 transactions 10% or maximum NPR 1000.00
With certain terms and conditions applied, these Banks will provide Cash Back offer into their cardholders’ accounts on the following day of purchases made by their Visa debit and credit cards.
Cardholders of Century Bank Ltd., Global IME Bank, Kumari Bank Ltd., Mahalaxmi Development Bank, Mega Bank Nepal ltd, Muktinath Bikash Bank, NCC Bank, Nepal Investment Bank Ltd., Rastriya Banijya Bank, Sanima Bank and Tourism Development Bank will be benefited under this program.
In addition, these Banks have stated that this program will also encourage on secured and convenient mode of payment i.e. through cards.
