BB&M International, partnered with Al Warka Bank in Iraq is now able to offer offshore institution branded Visa and Mastercard credit cards. Issued in Iraqi Dinar or USD, and can be used to convert to most currencies at the exchange rate set by the CBI (Central Bank of Iraq) that day. Interest bearing Visa or Mastercard accounts are available ranging from 5%-9% APR.
What is the advantage to a BB&M International offshore credit card?
The primary advantage is that it provides convenient, direct access to your private bank account in Iraq. In the past, the time and expense involved in completing private bank wires, and private bank transfers meant retrieving smaller sums of money from a depositors private bank account was difficult. If the private bank account holder wanted to withdraw funds,typically you had to pay a disproportionately large percentage of his withdrawal in fees, or comply with other bank policies inherent to their offshore account regulations.
When it comes to having your money offshore, being able to access your funds whenever needed is priceless. BB&M International facilitates this need by now offering offshore interest bearing credit cards. Your card will be issued from Warka Bank in Iraq. These institution branded offshore credit cards offer payment flexibility and convenience to today’s offshore investor.
Cards are accepted at more than 14 million locations worldwide and provide cash advances at several hundred thousand automatic teller machines and banking instituions around the world. They offer a wealth of travel and emergency services such as insurance, car rental benefits, card and cash replacement and long distance calling card priviledges, among other things provided by Visa or Mastercard.
Applying for your card is easy, simply click on Program Enrollment, and fill in the fields and submit your information. A representative will contact you and discuss the details and process of obtaining your new card!
Suggested Reads:
Al-Warka VVIP Bank Letter
