A Prepaid card is a form of payment where you can make a purchase using money that has been loaded from your bank account.
The main benefit to using a Prepaid card is to provide the customer with the convenience of managing their day-to-day spending. In addition, it can be easily and safely used by any of your family members. Prepaid cards are also more widely accepted for making Internet purchases.
Yes, you can apply for a Prepaid card from any Gulf Bank branch.
You can apply for a Prepaid card through any Gulf Bank branch or Online/ Mobile Banking.
Prepaid cards can be loaded from either your bank account or credit card. You can process your load transaction through your Online/ Mobile Banking, IVR or any of the Gulf Bank branches.
The minimum initial load/ reload amount on a Prepaid card is KD 1.
The Prepaid card maximum balance is KD 3,000 only.
No, the total balance in your Prepaid card may not exceed KD 3,000.
The Prepaid Card can be loaded/ reloaded for a Maximum amount of KD 3,000 only.
Yes, a fee of KD 0.250 is charged for each Prepaid card reload.
The maximum number of reload transactions is 5 times per day
The maximum number of transactions on Prepaid Card is 10 transaction per day.
You can use your Gulf Bank Prepaid card on POS, ATM and Internet inside and outside Kuwait.
Yes, you can use your Gulf Bank Prepaid card for all e-commerce transaction.
Yes, you can withdraw cash from any Gulf Bank ATM or any other Bank’s ATM inside and outside Kuwait.
Certain transactions are categorized as Cash transactions such as purchases at exchange houses, any purchase of foreign currency or any other transactions classified by Visa® and MasterCard® as quasi-cash. The Credit card/ Prepaid card Terms and Conditions provide that Gulf Bank may treat such transactions as cash advance and cash advance fees will be applicable on such transactions
Quasi-cash transactions are automatically recognized based on data received from MasterCard and Visa. The credit card system distinguishes quasi-cash transactions from ordinary purchases of goods or services and treat those as cash advance
Card Rewards are only earned on purchases of goods or services and not on cash advance transactions. Quasi-cash transactions are considered as cash advance and therefore, do not qualify for rewards