Credit Shield Insurance Program

A comprehensive insurance package that also gives you purchase and price protection and extended warranty. Shop with total confidence and the assurance that everything you buy with your Commercial Bank Credit Card is protected.

In addition, if you are unable to meet your repayments, your outstanding balance will be taken care of. For instance, in the case of permanent disability, death or loss of employment we will waive what you owe.

These benefits are provided for a nominal monthly charge and cardholders are automatically enrolled.

Credit Shield Plus is only 65 Dirhams for every QAR 100 billed at the end of the month. Cover is for all balances belonging to the cardholder and for supplementary cards up to the limits specified below.

Credit Shield
Cover in Case of	Death	Permanent Disablement	Loss of Employment
Coverage Limit	Reaches 100% of Credit Card Outstanding Or its Credit Limit
Maximum Coverage	100,000 QAR		40,000 QAR

Credit Shield Plus
Credit Shield (as above)+all the options below
Addition Type	Purchase Protection	Price Protection	Extended Warranty
Condition	When Paid using Commercial bank Credit Card
Purchases Value	$2000-$4000 with upper limit of $8000 annually	$500 with upper limit of $2000 annually	$2000 with upper limit of $10000 annually
Limit of Annual Claims	-	4	5
Period After Purchasing	90 Days	-	-

Benefits and Features

Purchase protection

When you pay for goods and services using your Commercial Bank Credit Card benefit from protection for 90 days from the date of purchase. Up to USD 2,000 per item is covered, subject to a maximum of USD 4,000 in any one occurrence and not exceeding USD 8,000 annually per cardholder.

Price protection

Purchases up to USD 500 are covered, subject to a maximum of four claims in a year per cardholder and not exceeding USD 2,000 in total.

Extended warranty

Purchases up to USD 2,000 per item are covered, subject to a maximum of five claims per year per cardholder and not exceeding USD 10,000 in total.

Death cover

100% of the value for outstanding Credit Card balance or the credit limit, whichever is lower, subject to a maximum of QAR 100,000.

Permanent total disablement

100% of the the value of outstanding Credit Card balance or the credit limit, whichever is lower, subject to a maximum of QAR 100,000.

Loss of employment

Up to 100% of the the value of outstanding Credit Card balance or credit limit, whichever is lower, subject to a maximum of QAR 40,000 plus interest, if you recieve a regular salary.

Important Information:

Please refer to the Terms and Conditions for full details on how Credit Shield Plus works, however there is some key information that you should be aware of

Any successful claims made on this policy for Life, Disability or Loss of Employment are paid against the outstanding balance of the credit card
Claims must be initiated within the following timescales:
- For Death claims 180 days from date of Death
- For Loss of Employment claims 60 days from Employers notification of termination

Claims for Loss of Employment will only consider balances up to the date of notification of termination

Terms & conditions apply

For more information please click on the link below

Terms and Conditions