KARACHI: Times have changed since the concept of exchange incepted back in the days with barter being the order of those days. With the passage of time, banking and finance has made considerable progress to bring to the forefront those products that might have seemed only a fantasy a few years back, thanks to the ingenuity of the human mind. Amongst these amazing new products is the immersion of Plastic money that has gained significant popularity not just globally but in the local Pakistani market as well. And to “keep up with the Joneses” Summit Bank (formerly Arif Habib bank) launched its VISA DEBIT card on the 1st of August 2011.
The Summit Bank VISA Debit card was unveiled in a press conference held at Marriott Hotel Karachi on 1st of August 2011. The two types of VISA Debit cards launched by Summit bank include the Summit Visa Card and Summit Visa Gold card. Various dignitaries gave their speeches on the various features and services that the newly launched cards offer. Speaking of the features that set apart these cards from the clutter, Zahir Elahi, Head of Retail/Branch Banking, Summit Bank, identified that it provides unparallel convenience to its consumers which include a 5% cash back facility at a spending of between PKR 3,000 to PKR 10,000 every month; a budget control feature to limit expenditure made through the card; accidental insurance of up to PKR 500,000; alliance with over 100 shopping and leisure outlets and mugging insurance amongst other features. The users would also get two additional complementary cards absolutely free for family use. In the words of Syed Haider Rizv, Head of Consumer Banking, “the cards will provide its users with world class purchasing convenience, flexibility and security”.
Talking to our correspondent, Anwer Lutfullah, Group Head Operations said that Summit Bank is committed to providing its users with latest value added products backed with state of the art technology. He acknowledged that in this new day and age of intense competition it is really important to distinguish yourself from the clutter hence Summit Bank’s focus would be to keep on innovating and providing products and services that add convenience to the life of our customers.
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