Jordan Credit Card

By: EconomyWatch Content   Date: 23 February 2010

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Jordan is an emerging credit card market. With people gradually shifting towards plastic money, credit card processing terminals are available in all major cities. Jordan credit cards can be used at hotels, shopping centers, petrol pumps and for online purchases.

Jordan Credit Card Industry

 

According to a 2007 study conducted by Lafferty Group, Jordan has the highest credit card penetration among the Middle East nations. In the financial year 2006-07, credit card circulation surged by almost 61% to reach 275,000. However, the annual credit card transaction value was disproportionate to the circulation number.

 

The Jordan credit card industry is characterized by low interest rates, as compared to European nations. Also, it is comparatively easier to purchase a credit card. Credit card issuers are using aggressive marketing techniques to expand their market share and also to push consumers to use credit cards as their first choice of transaction.

 

Jordan Credit Card: Major Issuers

Major Jordan credit card issuers are:

 

  • American Express

  • Arab Bank

  • Bank of Jordan

  • Cairo Amman Bank

  • HSBC Middle East

  • Islamic International Arab Bank

  • Jordan Ahli Bank

  • Jordan Kuwait Bank

Jordan Credit Card: Products

The standard, silver and gold versions of Jordan credit cards are the most popular. The list of premiere cards includes:

 

  • Visa Signature

  • MasterCard Black

  • MasterCard Titanium

  • MasterCard Platinum

  • Blue from American Express

  • American Express Platinum

 

Popular credit card rewards program include air miles, cash back and shopping bonus points.

How to Apply for a Jordan Credit Card

To apply online for a Jordan credit card, one can visit the bank’s website and fill an online application form. Alternatively, one can choose to visit the nearest branch of the bank to apply in person for a credit card. The bank committee checks the eligibility of the applicant in relation to his credit ratings and past financial history.

 

To fill the credit card application form, one has to attach the following documents:

 

  • A copy of the national identity card.

  • A copy of the passport along with valid resident visa (for non-residents)

  • Proof of the present salary, such as employment letter, salary slip or income slip.

 

Once the application is approved, the credit card is delivered in approximately a month’s time.

 

 

 


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