January 15, 2018: As part of its ‘Card Loyalty Program,’ Nepal Investment Bank Limited (NIBL) and its Visa associate member banks launched a campaign to offer its Visa cardholders (domestic) access to exclusive cash back rewards when using their Visa debit or credit cards for all purchases.
Cardholders who purchase goods or services by using Visa domestic debit/credit cards issued by these banks will receive certain amount as cash back reward for transaction above Rs 500.
With certain terms and conditions applied, these banks will provide cash back into their cardholders’ accounts on the following day of purchases made by their Visa debit and credit cards.
CardholdersAnchor of Century Bank Ltd, Global IME Bank, Kumari Bank Ltd, Mahalaxmi Development Bank, Mega Bank, Muktinath Bikash Bank, NCC Bank, Nepal Investment Bank Limited, Rastriya Banijya Bank, Sanima Bank and Tourism Development Bank will be benefited under this program.
The cash back amount is as mentioned below:
Transaction Count (Monthly) ||
Cash Back Reward|
For 1 to 3 transactions ||
2% or maximum Rs 100|
For 4 to 15 transactions ||
5% or maximum Rs 200|
For 16 to 30 transactions ||
7% or maximum Rs 500|
For 31 to 50 transactions ||
10% or maximum Rs 1000|